In this guidewe analyze the profitability of ScryptCube Cloud Mining . Is it convenient or scam?
We tried it for you and we give you our opinion after 2 months of use.
How the Cloud Mining Profitability is calculated
There is an important premise to make when analyzing the profitability and earnings of Cloud Mining services.
Profit is related to two factors:
- The difficulty of Bitcoin Mining
- The value of the mined crypto.
- Bitcoin Mining over the years has become really complex. You’ve probably heard of the first Bitcoin miners who managed to mine Bitcoin with an home computer and little more than an ADSL internet connection. Today Bitcoin Mining is really different and complex, the difficulty of mining over the years has increased: this is the reason why many people buy Bitcoin Cloud Mining contracts.
- Regarding the value of the crypto, this varies according to the periods. Let’s take a practical example: in the middle of March 2020, Bitcoin hit an annual low of around $ 4000. So the suggestion in this case is to evaluate the average price of bitcoin over a certain period of time (which is the one linked to the investment you have chosen).
In addition to this, it must be considered that the cloud mining company obviously works for you … so a part of your income will be used to pay for its activity.Start Bitcoin Cloud Mining Now →Buy BTC NOW with PAYBIS! →
How much do you earn with Scryptcube Cloud Mining
Having made this necessary premise, let’s start from the purchase price of 1TH / S in cloud mining on ScryptCube .
$ 185 for a 1 year contract for 1 TH / S.
Trying 1TH / S for a total cost of $ 185 for an annual contract we had these results.
Investment 185 usd
0.00231218 BTCStart Bitcoin Cloud Mining Now →Buy BTC NOW with PAYBIS! →
How much does the Price of Bitcoin affect Cloud Mining Profitability
As written above, the profit deriving from cloud mining on ScryptCube depends on the price.
So let’s try to figure out what would happen with the Bitcoin price at $ 100,000. Would ScryptCube still be profitable?
Considering that an increase in price would lead to a potential increaswe in mining difficulty, but also an increase in profit, with Bitcoin at $ 100,000 With ScryptCube you would get about $ 200 after one year.
ScryptCube or Genesis Mining? Which is the most affordable cloud mining?
Currently the contracts on Genesis-Mining are firm, in any case the latest Bitcoin Mining prices on Genesis-Mining provided for a cost of about 80 dollars for 1TH / S so at that price buying a Bitcoin Cloud Mining contract on Genesis Mining is totally inconvenient.
If you are also interested in Mining Bitcoin in the Cloud, we definitely recommend ScryptCube , considered by our team the most profitable service at the time of writing.Start Bitcoin Cloud Mining Now →Buy BTC NOW with PAYBIS! →