Today, I wanted to look at cloud mining and mining bitcoin in a different way. Typically, most people talk about their profitability in terms of USD return on investment. It's true that if the price of Bitcoin increases over time, you'll likely be profitable during your contract term. However, what you don't see people talking about is how much actual BTC you get in return for the amount of BTC you invested.
That's what we're taking a look at today in a detailed breakdown including a simple to use spreadsheet that I created to assist you in calculating your own projected BTC profits. This sheet also takes into account the rising difficulty over the length of your contract as well. Check out the video for more details!
Bitcoin Mining Profitability Spreadsheet Including Difficulty Increase Over Time:
https://docs.google.com/spreadsheets/d/1gP8chzU3wLHeiRQLEZGVwhBJWJBdYTRoNNQt-7PdWc0/edit?usp=sharing
Hi Adam, I've been following you and commenting on youtube and I'm glad you made it over to Steemit. Now I can comment and upvote you and you will get paid for it. Welcome back to Steem. Sincerely, Mark.