Is Bitcoin Cloud Mining Actually Profitable?

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How to Calculate the Profitability of Bitcoin Mining Hardware https://goo.gl/6vyypj - Crypto Insider Info - Whales's

Posted at: June 21, 2018 at 12:28PM
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How to Calculate the Profitability of Bitcoin Mining Hardware https://goo.gl/6vyypj
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Bitcoin mentioned around Reddit: How to Calculate the Profitability of Bitcoin Mining Hardware /r/gpumining

Bitcoin mentioned around Reddit: How to Calculate the Profitability of Bitcoin Mining Hardware /gpumining submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Here is How to Calculate the Profitability of Bitcoin Mining Hardware

Here is How to Calculate the Profitability of Bitcoin Mining Hardware submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Here is How to Calculate the Profitability of Bitcoin Mining Hardware

Here is How to Calculate the Profitability of Bitcoin Mining Hardware submitted by cryptocointek to Bitcoin [link] [comments]

I'm trying to do the math on mining.

Given 100% of miners using the same miner, I tried to calculate the profitability of bitcoin mining. but the results seem off. I'm wondering where I went wrong.
"current terahashes (Th/s)" Mining Unit "mining non-current rate($/Th)" "mining non-current rate $/Th)" "Mining Efficiency (J/Th)" "Energy Requirments (J)" "Energy Requirements per Block (kWh) [0.000000277778 J/kWh]" "electric costs ($/kWh)" "current electrical cost to mine 1 block ($)"
8000000 Antminer T19; 84 Th/s; 37.5 J/Th; $1749; $20.82 $384,219.55 37.5 180000000000 50,000.04 0.0715 $3,575.00
current bitcoin reward current bitcoin price current block worth daily block rewards
6.25 9133 $57,081.25 $1,369,950.00
current profit ratio (%)
1596.48%

edit:

"current terahashes (Th/s)" Mining Unit "mining non-current rate($/Th)" "mining non-current rate $/Th)" "Mining Efficiency (J/Th)" "Energy Requirments (J)" "Energy Requirements per Block (kWh) [0.000000277778 J/kWh]" "electric costs ($/kWh)" "current electrical cost to mine 1 block ($)"
8000000 Antminer T19; 84 Th/s; 37.5 J/Th; $1749; $20.82 $5,859,348.20 37.5 2745000000000 762,500.61 0.0715 $54,518.79
current bitcoin reward current bitcoin price current block worth daily block rewards
6.25 9118 $56,987.50 $1,367,700.00
current profit ratio (%)
104.53%
submitted by qwer1234123412341234 to BitcoinBeginners [link] [comments]

How to profit off of bitcoin mining?

So I was thinking of getting 3 antminer s9's for 390 off craigslist. However, I put in all the info needed into cryptocompare.com and it said i would be making negative profit. How can I profit off the miners if my electricity bill outweighs the amount of money I make?
submitted by 66herobrine66 to Bitcoin [link] [comments]

Bitcoin mining is the process through which Bitcoin are generated directly to a Bitcoin Wallet with the help of an Antminer Hardware & other mining device in order to make an individual earn good profits within a short period of time.Join our team & we will be happy to help you with all necessities

Bitcoin mining is the process through which Bitcoin are generated directly to a Bitcoin Wallet with the help of an Antminer Hardware & other mining device in order to make an individual earn good profits within a short period of time.Join our team & we will be happy to help you with all necessities submitted by Jenniferwils616 to u/Jenniferwils616 [link] [comments]

*BITCOIN MINING !!!* Be grateful for the little that comes to your account after 14days *MINE WITH A COMPANY THAT GIVES REALISTIC INVESTMENT OPTIONS* *100% PROFITABLE* VERIFIED BY Blockchain.com *EARN AS DOUBLE OF YOUR INVESTMENT, DIRECTLY TO YOUR WALLET*

Bitcoin mining
submitted by Jermikawillson to BitcoinMining [link] [comments]

07-08 20:05 - 'Hit me up to know more about mining with the s9 antminer hardware and get profit after every 24 hits of the bitcoin you mine / Knowing fully well that bitcoin is now the future currency' by /u/gabriel_andrew removed from /r/Bitcoin within 670-680min

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Hit me up to know more about mining with the s9 antminer hardware and get profit after every 24 hits of the bitcoin you mine Knowing fully well that bitcoin is now the future currency
'''
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Author: gabriel_andrew
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09-06 10:45 - 'also if you want to mine some bitcoin in your spare time there's lots of free software to do that. my personal favorite is cudo miner cuz it automatically switches to the most profitable algorithm to mine. Here's a li...' by /u/mistahlightskin removed from /r/Bitcoin within 119-129min

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also if you want to mine some bitcoin in your spare time there's lots of free software to do that. my personal favorite is cudo miner cuz it automatically switches to the most profitable algorithm to mine. Here's a link if you're interested [[link]2
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Author: mistahlightskin
1: *ww.c**om**er.*o*/?a=A*fpG7rg8 2: *w*.cud*mine*.com/?a***fpG7*g8]^^1
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

05-26 18:35 - 'As a matter of fact you can start earning formidable profit from bitcoin mining in a short period of one week, ask me how ?ĺl' by /u/ksabastian09 removed from /r/Bitcoin within 123-133min

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As a matter of fact you can start earning formidable profit from bitcoin mining in a short period of one week, ask me how ?ĺl
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Author: ksabastian09
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Bitcoin Bull Runs Always Preceded by 3 Phases of Miner Capitulation

Bitcoin Bull Runs Always Preceded by 3 Phases of Miner Capitulation
Economists have long suspected a correlation between Bitcoin’s price action and its hash rate. Now, it appears there is a way to predict the market by looking at what happens when Bitcoin’s difficulty is negatively adjusted as hash rate drops.
According to a recent analysis performed by PlanB (@100trillionUSD), there appears to be a direct correlation between Bitcoin’s price and its difficulty adjustment cycle.
https://preview.redd.it/efmo4uch4ty31.png?width=626&format=png&auto=webp&s=c4d2f99112e019f251240841aaea9e82d202ffb4
Looking at the chart, it is clear that there is a three-phase relationship between Bitcoin’s price action and its mining difficulty. After each all-time high, we can see that mining difficulty gradually increases for a short period (shown as red dots), before slowing down (green and orange dots) and eventually decreasing during each difficulty retargeting period (red dots).
The concept here is that the arrows indicate miner capitulation. As we can see, shortly after Bitcoin’s value reaches an all-time high, difficulty tends to reduce while miners capitulate in the subsequent months. This capitulation is at its greatest at the base of every bearish run, as can be demonstrated by the abundance of blue dots (reduced difficulty)
After miners capitulate, Bitcoin tends to see a transient price increase, followed again by a negative difficult adjustment during which miners again capitulate (yellow arrows). This again leads to bullish price action, which eventually cools off, leading to a negative difficulty adjustment and subsequent miner capitulation, This proceeds to happen a third time, with this miner capitulation (green arrow) instead leading to Bitcoin reaching a new all-time high.

https://preview.redd.it/08zq148s4ty31.png?width=823&format=png&auto=webp&s=f6b10586317f98ce04572bce19347e5d1fbce2a7
Based on the chart, we can see that since late 2018, Bitcoin has already experienced two out of three miner capitulation cycles: the first in December 2019 (red arrow) and the second just recently (yellow arrow). Because of this, if the trend continues for the third time, Bitcoin could be on the cusp of another significant pump in the coming months, whereas the next phase after that could yield another all-time high.
Why exactly this pattern occurs remains a mystery, but may have something to do with the release of more powerful, or more efficiency mining equipment. Understandably, as Bitcoin’s price drops, so too does the profitability of Bitcoin mining.
However, with the advent of more cost-efficient mining hardware, miners are again given the opportunity to profit, leading to an increase in both the Bitcoin hash rate and mining difficulty until mining once again becomes unprofitable—beginning the cycle anew.
submitted by Moustache_Group to Bitcoin [link] [comments]

Possibility of a brute forcing industry arising from improvements of mining hardware. When will it be profitable to crack a 12 word phrase? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

05-04 21:06 - 'Don't fall for those scammer claiming of turning $500 to $5000. Bitcoin Mining Investment is cool, the reason why you can't get such profit is because high volume of people like you are also looking for help. Here we on...' by /u/jamisonwonder removed from /r/Bitcoin within 155-165min

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Don't fall for those scammer claiming of turning $500 to $5000. Bitcoin Mining Investment is cool, the reason why you can't get such profit is because high volume of people like you are also looking for help. Here we only take 10% of your profits when you invest. Invest 📈 mine $100 to withdraw $500 daily Invest 📈 mine $200 to withdraw $1100 daily Invest 📈 mine $300 to withdraw $1700 daily Invest 📈 mine $400 to withdraw $2200 daily Invest 📈 mine $500 to withdraw $3800 daily Invest 📈 mine $1000 to withdraw $7800 daily No Scam Don't fall for scammers, It takes a lot of hard work and patience to be a millionaire. You must have a BTC wallet, a PC or Android phone Add Me Up If You're INTERESTED now On What'sApp ""+1-404-689-4230""
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Author: jamisonwonder
submitted by removalbot to removalbot [link] [comments]

04-29 12:04 - 'I can help you earn profits right from the comfort of your home through bitcoin mining 📊📉' by /u/khay-Cee removed from /r/Bitcoin within 28-38min

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I can help you earn profits right from the comfort of your home through bitcoin mining 📊📉
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Author: khay-Cee
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04-23 21:34 - 'OXBTC will guarantee 90% of the user's principal to prevent users from accidental losses in the downward market, After purchase users can get mining profits and guarantee their principal with low risk and high pro...' (i.redd.it) by /u/lanrecool removed from /r/Bitcoin within 28-38min

OXBTC will guarantee 90% of the user's principal to prevent users from accidental losses in the downward market, After purchase users can get mining profits and guarantee their principal with low risk and high profits. #OXBTC https://www.oxbtc.com
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Author: lanrecool
submitted by removalbot to removalbot [link] [comments]

OXBTC will guarantee 90% of the user's principal to prevent users from accidental losses in the downward market, After purchase users can get mining profits and guarantee their principal with low risk and high profits. #OXBTC https://www.oxbtc.com (x-post from /r/Bitcoin)

OXBTC will guarantee 90% of the user's principal to prevent users from accidental losses in the downward market, After purchase users can get mining profits and guarantee their principal with low risk and high profits. #OXBTC https://www.oxbtc.com (x-post from /Bitcoin) submitted by cccmod to CryptoCurrencyClassic [link] [comments]

Is Bitcoin and crypto mining still profitable in 2020? Big comparison of mining area that makes $70k/day vs kids that mine at home on graphic cards.

I must say I was impressed when I counted those numbers , didn’t expect the results. Watch video here: https://youtu.be/7Jqs9dC2JdI
What’s your opinion on the video ? Are those results right ?
click here to watch full video
submitted by AxecapitalM to Bitcoin [link] [comments]

03-10 21:45 - 'Join the Forex trading and bitcoin mining is a life changing investment platform where you can invest a certain amount of commodity and get profit on a weekly and daily basis dm me for more details' by /u/georgeauilar1 removed from /r/unitedkingdom within 14-24min

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Join the Forex trading and bitcoin mining is a life changing investment platform where you can invest a certain amount of commodity and get profit on a weekly and daily basis dm me for more details
'''
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Author: georgeauilar1
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Is Bitcoin and crypto minimu still profitable in 2020? Big comparsion of mining area that makes $70k/day vs kids that mine it at home on graphics cards.

Full video is here:
https://youtu.be/7Jqs9dC2JdI
Actually I counted the results and i was impressed...
click to watch full video here
submitted by AxecapitalM to BitcoinMining [link] [comments]

Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving submitted by Ranzware to BitNewsLive [link] [comments]

Illegal Bitcoin mining - A lot of profit

Illegal Bitcoin mining - A lot of profit submitted by Decentralized-Jesus to Bitcoin [link] [comments]

How Are Mining Profits Now? September 2019 EARN CASH DAILY PROFITS  BEST BITCOIN MINING STRATEGY ... Is BITCOIN MINING Profitable RIGHT NOW In Mid 2019? - YouTube Is Mining Bitcoin Still Profitable in 2020? - YouTube How Are Mining PROFITS Now? January 8th 2020

If you go to the company’s pricing page and purchase 10Th/s of Bitcoin mining power (SHA-256) it will cost you $1,200 or the equivalent in Bitcoins around October 17, 2016. If I use a Bitcoin mining calculator and try to predict my profits with 10Th/s of mining power assuming I have no other expenses I get the following results: For federal taxes, that means you pay a 15% tax on any gains, unless you make a lot of money (more than $479,000 (for married couples) or $425,800 (for individuals)), in which case you pay 20%. Post halving, Bitcoin miners will continue to reap profits, only if BTC hits a price range of $12,000 – $15,000. BTC Miner Breakeven Requires Even Higher Market Valuations To preserve the current levels of mining, Bitcoin (BTC) market prices would have to be between $14,000 and $15,000. You can join a bitcoin mining pool to be more effective, but that comes with a fee, reducing your profits. Some crypto miners instead opt for other currencies. Some other cryptocurrencies are worth very little in U.S. dollars, but it’s possible to use what you mine and convert it into fractional bitcoins on an exchange, then hope that bitcoin ... Bitcoin.com’s mining pool claims to be the most profitable pool for miners. Find out everything you need to know about the Bitcoin.com mining pool today in our review. What Is The Bitcoin.com Pool? Bitcoin.com’s pool is a bitcoin mining pool that promises to offer 110% block rewards and 0% fees.

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How Are Mining Profits Now? September 2019

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