0 sats \ 0 replies \ @BTCMiner 30 Dec 2022 \ on: What's your opinion on Bitcoin Cloud Mining bitcoin
a Bitcoin Cloud Mining website hashshiny[.]io
Do the math.
SHA-256 contract:
$ 0.50 PER 10 GH/S
Maintenance fee: 0.0004 $ / 10 GH/s / day
So for the two year contract: Pay hashshiny $0.50
Upfront cost: 3,035 sats Recurring cost - daily maintenance fee: $0.012 per month X 24 months
Receive in bitcoin, after 24 months: 2,228 sats (assuming difficulty does not go up, as that would mean earning even less in bitcoin)
Net profit (loss): 807 sats LOSS out of the gate, and then up to 1,750 sats FURTHER lost paying the maintenance fee.
I have a better idea:
You give me 3,305 sats, .... I will immediately return to you the 2,228 sats that is the likely max you would earn from hashshiny, and you don't need to wait 2 years for the last of that 2,228 sats to arrive. And bonus -- you don't need to pay any daily maintenance fee!!
Deal?
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