<p>Yes, profit will be even lower. Hash rate has grown from 540 PH/s to 1800 PH/s in the last year. At that rate it will take much longer than 13 months for your ROI.</p>

CC BY-SA 3.0
2016-11-25T10:17:35.823Z
if hashrate goes down for some reason, then payouts would be higher again? Can we predict total hashrate for the next year?
Alexander Kim
CC BY-SA 3.0
2016-11-25T10:31:41.983Z
Yes, but why should that happen? And no, we cannot. You also have to consider the price development of Bitcoin. In the past years it was always a better deal to just directly buy bitcoins unless you ran your own large mining operation with access to very cheap power.
Murch
CC BY-SA 3.0
2016-11-25T10:55:15.353Z
so with my own ASIC's i would get better results?
Alexander Kim
CC BY-SA 3.0
2016-11-25T13:06:27.997Z
It depends. What is your power price, how large will your operation be? If your hardware breaks you're clearly worse off if it's your own instead of theirs… I've written more here: [When is it a good time to invest in Cloud mining?](http://bitcoin.stackexchange.com/a/41088/5406), also see the other linked questions.
Murch
CC BY-SA 3.0
2016-11-25T09:27:58.003Z
2016-11-25T09:27:58.003Z
Murch
<p>Cloud mining can be profitable and ever well-profitable (some contracts have over 200% profit predictions) but you need to choose company and contracts wisely!</p>

<p>There is lot of scam on this market and ever trustworthy companies can have non-profitable contracts (like it happened with Dash contracts after ASICs for Dash mining were invented).</p>

<p>I have written detailed analytic article about cloud mining - <a href="https://medium.com/@mic_mart/cloud-mining-faq-profits-risks-8f60d5a9e94f" rel="nofollow noreferrer">Cloud Mining - FAQ, Profits &amp; Risks</a> . </p>

<p>It's big, detailed and explains most common questions, compare companies on the market and contracts available.
There is also interesting profit calculations there which will help to choose wisely.</p>

CC BY-SA 3.0
2018-01-04T08:59:19.433Z
2018-01-04T08:59:19.433Z
Mich Mart
<p>Definitely, Cloud mining can be profitable and ever well-profitable but you need to choose company and contracts wisely and watch out for the risk involved well in advance.</p>

CC BY-SA 3.0
2018-04-12T12:08:07.217Z
2018-04-12T12:08:07.217Z
Adconity
<p>Worth investing in to companies like hashflare.io or genesis-mining.com?</p>

<p>Hashflare:</p>

<p>During black friday there's discount - 1TH/s for 100$. Maintenance fee for 1 TH/s is 0.4$ == 0.0005 BTC. </p>

<p>1 TH/s gives 85-90000 satoshi - 50000 satoshi MEF = 35000 satoshi profit (0.257809$) * 30 = 7.71$ per month, 7.71*13 ~ 100$. So, ROI is 13 months...</p>

<p>But profit for 1 TH/s would vary during a year. So 90000 satoshi per 1 TH/s might be even lower, right?</p>

<mining-profitability><cloud-mining>
Worth investing in to a cloud mining companies?
Alexander Kim
# Worth investing in to a cloud mining companies?

(Asked by: username_0 on 2016-11-25)

Worth investing in to companies like hashflare.io or genesis-mining.com?

Hashflare:

During black friday there's discount - 1TH/s for 100$. Maintenance fee for 1 TH/s is 0.4$ == 0.0005 BTC.

1 TH/s gives 85-90000 satoshi - 50000 satoshi MEF = 35000 satoshi profit (0.257809$) \* 30 = 7.71$ per month, 7.71\*13 ~ 100$. So, ROI is 13 months...

But profit for 1 TH/s would vary during a year. So 90000 satoshi per 1 TH/s might be even lower, right?

**Tags:** mining-profitability, cloud-mining


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## 3 answers

### Answer by username_1 on 2016-11-25. Score: 2 | Accepted answer

Yes, profit will be even lower. Hash rate has grown from 540 PH/s to 1800 PH/s in the last year. At that rate it will take much longer than 13 months for your ROI.

> **Comments:**
> **username_0**: if hashrate goes down for some reason, then payouts would be higher again? Can we predict total hashrate for the next year?  
> **username_1**: Yes, but why should that happen? And no, we cannot. You also have to consider the price development of Bitcoin. In the past years it was always a better deal to just directly buy bitcoins unless you ran your own large mining operation with access to very cheap power.  
> **username_0**: so with my own ASIC's i would get better results?  
> **username_1**: It depends. What is your power price, how large will your operation be? If your hardware breaks you're clearly worse off if it's your own instead of theirs… I've written more here: [When is it a good time to invest in Cloud mining?](http://bitcoin.stackexchange.com/a/41088/5406), also see the other linked questions.  

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### Answer by username_2 on 2018-01-04. Score: 0

Cloud mining can be profitable and ever well-profitable (some contracts have over 200% profit predictions) but you need to choose company and contracts wisely!

There is lot of scam on this market and ever trustworthy companies can have non-profitable contracts (like it happened with Dash contracts after ASICs for Dash mining were invented).

I have written detailed analytic article about cloud mining - [Cloud Mining - FAQ, Profits & Risks](https://medium.com/@mic_mart/cloud-mining-faq-profits-risks-8f60d5a9e94f) .

It's big, detailed and explains most common questions, compare companies on the market and contracts available.
There is also interesting profit calculations there which will help to choose wisely.


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### Answer by username_3 on 2018-04-12. Score: 0

Definitely, Cloud mining can be profitable and ever well-profitable but you need to choose company and contracts wisely and watch out for the risk involved well in advance.


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