Cloud mining profitability - how much can you earn?

What would be the first thing you would do if you were teleported to 2015? Of course you would start miningbitcoin, because there are only two years left before the cryptocurrency boom!

But 2015, like 2007, is no longer a return.It has long been replaced by cloud mining and it is about its profitability today will goIt.

Yield of self-mining

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Ten years ago, mining Bitcoin was much easiereasier. Everything you needed &#8212; This is a powerful computer and a stable Internet connection. But every month it became more and more difficult to do this. Private miners could not compete with serious data centers. The only way to increase your efficiency was to join a mining pool, but they also charged fees, reducing profits.

The creation of a private mining farm is also not an easy task, because it involves a lot of costs and requiresThe cost of up-to-date equipment exceeds just over $1,000, depending on the cost ofBut one miner will not be enough, usually for uninterrupted mining acquire4-5 miners, which already exceeds the mark of 10,000 thousand dollars.After buying equipment, it needs to be installed and connected.to understand the technical issues of such complexity.

If you have enough funds to purchaseequipment, then pay attention to the cost of electricity. There is a fairly high probability that the cost of it can "offset" all of your profits. For this reason, many prefer mining rigs that consume less power. But such equipment will take longer to recoup your initial investment and become profitable.

By the combination of these factors, an independentmining was losing its effectiveness. But since then, the way bitcoins are mined has changed a lot and for most people it has become easier to mine bitcoins using cloud mining providers. After all, it is much more profitable and safer.

What determines the profitability of cloud mining?

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The profitability of cloud mining depends on threemain criteria: the cost of service (what the provider undertakes), the difficulty of mining (what is regulated by the cryptocurrency network) and the cost of the cryptocurrency (what changes due to the &#171;sentiments&#187; of investors).

The service cost includes a lot of components:

• Cost of equipment
• Equipment setup
• Equipment service
• Room ventilation cost
• Service staff remuneration
• Providing fire safety
• Rent of premises
• Cost of electricity
• Payment of taxes (in some regions)

The main categories of expenses will be costequipment coupled with its maintenance and electricity. After all, no matter how powerful the equipment is, over time it becomes obsolete, breaks down, and in parallel, more powerful models enter the market and all computers have to be updated. Not every company will be able to withstand this endless renewal, so when choosing a provider, pay attention to those who have been on the market longer. We talked about how to choose a cloud mining company in this article.

With electricity, everything is a little more complicated, because it isis a parameter that is almost impossible to influence. Only if the company does not have the opportunity to move its data centers to another city or even country, which is quite problematic. Another option to reduce the cost is the signing of agreements with electricity suppliers (an example is the company ECOS), but often these are near-state companies that are not interested in the development of the crypto industry due to the policy of the authorities.

There are a lot of components, but for convenienceusers have created special calculators that calculate how much you can earn on cloud mining. Usually, you can choose the duration of the contract, the size of the investments, the expected rate of the cryptocurrency and the risk tolerance.

Cloud mining investment profitability

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Let's select a few of the most popular scenarios and calculate how much income they can bring to an investor.

1. Cautious investorwith no experience with cryptocurrencies. The risk profile of such an investor will most likely be conservative, and the contract duration is about 6 months (to try). The amount of investment is small, for example, one average salary of $ 500. The expected value of bitcoin is only a thousand more expensive than today (based on the slow growth graph during the crisis). In total, investing $ 500, a cautious investor will earn about $ 250 in excess of his investment.
2. Aggressive investorwith no experience with cryptocurrencies. The most aggressive risk profile, contract duration and investment amount will remain the same, but the expected cost of Bitcoin will be $ 5,000 more expensive than today. If the investor's expectations come true, he will double his capital.
3. Experienced Crypto Investor... Risk profile rational expected valuecryptocurrencies are $ 3000 higher than today. The investment is $ 2000, and the contract is for two years. An experienced investor can also double their capital, but with less risk.

How to calculate your cloud mining profitability?

We've covered three of the most popular scenarios, butif none of them suits you, then you can independently calculate the profitability of cloud mining on the website of the ECOS provider, a legal company located in the Free Economic Zone of Armenia. Its activities are not taxed, and one of the founders is the Hrazdan TPP.

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By entering promotional code &#171;WELCOME&#187; on the ECOS website, you will receive a monthly bonus contract of 0.5 TH/s, and another 10 TH/s for verifying your phone! Follow the link and calculate your profitability https://mining.ecos.am/.

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