I was replying to cloud mining bitcoin...

The calculator that is promoted by bitcoin.com shows it to be money losing from a bitcoin perspective... I asked y'all the rationale to invest in the bitcoin pool but didn't get any useful info

Can you proof to me right now that it isn't?



This post has been edited by dwRK: Aug 17 2017, 04:50 PM

thanks for the info...its the increasing difficulty that is my concern. I checked historical and current data, and also other calculators...

for now i'm not convinced...i'll sit back and wish you all the best...

here is the difficulty chart...the difficulty used in the calculator is correct...you can speculate future difficulty...




if I were to invest today...

I pay them 0.16796568 BTC...I get back 0.15000594 BTC ($1072)... why is this a good deal?

if I hodl 0.16796568 BTC...I get $1200 at the "end of the plan"... why is this not better?

if you calc its NPV...it is even worse...



the plan is only viable when BTC price increase exceeds the rate of difficulty...if the difficulty did not increase, BTC price must increase at a rate of 0.3495% daily for 4+ years to $191,665 to breakeven

the uncertainties and value of investment ratio imho is not worth the trouble.

This post has been edited by dwRK: Aug 17 2017, 09:25 PM

Thanks...yes I realize that...will just have to wait and see... really appreciate all the info and opportunities you have shared with us...and thanks for putting up with me.

0.15%

ouch... LTC payout dropped so much...

Litecoin Hashrates, Difficulty & Payout

My Hashnest AntL3+ Litecoin payout has been reducing significantly...this is my findings based on bitinfocharts data, and my estimates for next month...



The increase in global hashrates I'm attributing to the L3+ shipments from Bitmain. There will be a few more L3+ batches for this year. I can only assumed that Bitmain will continue selling L3+ for 2018 until a new model comes along...so payout will continue to drop at a constant or higher rate...

Almost all Litecoin calculators do not include future difficulty increases. The table hopefully will give you a clearer picture of what to expect. The global hashrate/difficulty increase is higher than my initially thought.

I bought my "contract" at the ATH of 0.36-0.38 LTC per MHS, it has now dropped down to 0.18-0.19...my ROI calculation includes liquidating the MHS, has moved from Nov this year, to March then to June next year. I've given up tracking and topping up already...I think I'm gonna make a serious loss in LTC terms, and with the current correction, I am also losing in RM terms. I probably will cash out soon enough...

In addition, I really don't know what to think of Hashnest and its market pricing. When BTC went up, almost everyone is raising their BTC/LTC contract prices and T&C. But Hashnest goes the opposite and pricing drops instead. You would have thought that the contracts are now more valuable... There is also a bot at work at the market place...as well as buy and sell wall to manipulate the prices. I can only think that its the work of Hashnest since there is no API to the market place and I doubt any whale would be interested in hashes...

This post has been edited by dwRK: Sep 9 2017, 11:26 AM

thanks for the update