So, how do you make money from cloud mining? Cloud mining companies allow people to open an account and participate in crypto mining through a pricing model, usually a commission. Users purchase a certain amount of hash power and profits are allocated in relation to the hash power purchased and the current price of the coin. Companies tend to have cloud mining profitability calculators to provide potential customers with clues on earnings expected for a given hashrate purchased.
Scrypt Cloud Mining Calculator For Bitcoin Chart Price
With a minimum investment of $1.90, ScryptCube is a suitable option for cloud mining newbies. ScryptCube provides three types of mining contracts that you can purchase without restriction - Bitcoin mining (1 year), Ethereum mining (1 year), and ETH staking (coming soon). For Bitcoin mining, prices start at $4.9 per 100 GH/s for 1 year and $7.5 per 100 GH/s for 2 years. There are no maintenance fees and contracts can be bought via BTC, visa, and MasterCard. You can withdraw immediately from day one of mining.
The minimum investment on Bitdeer is $1,833.50 for Bitcoin cloud mining and contract prices vary depending on the cryptocurrency. The BTC Antiminer S17+Plan costs $2,146 for a 270-day contract, with a hashrate of 70 TH/s and a static revenue rate of 7.97%.
The cloud mining site offers daily payouts without any withdrawal commission. IQ Cloud Mining also offers a pro contract with 20% interest per year. The minimum investment is $250. The company offers 1 year, 2 years, 5 years, and lifetime cloud mining contracts. The SHA-256 contract for mining 10 major coins has a minimum hashrate of 10 GH/s with a contract price of $0.066 per 10 GH/s and has a potential income of up to 125%.
HashShiny states they have the lowest price on electricity ($0.05/kWh) and purchasing costs in the industry. The maintenance fee for Bitcoin cloud mining is $0.0015 / 10 GH/s / day. Payouts happen once a day. The company offers seven cloud mining contracts. The Dogecoin Cloud Mining 2-year contract costs $1.20 per 1 MH/s with a maintenance fee of $0.0016 /1 MH/s /day.
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