Bitcoin Cloud Services 2 Year Mining Contracts Promotion

The Bitcoin cloud mining service Bitcoin Cloud Services is currently running a promotion offering 2 year mining contracts for the usual price per GHS for single year contacts, making it more profitable due to the longer mining period. The standard price for hashrate starts at 50 GHS minimum order with 0.0017 BTC per GHS, for 100 GHS+ you are paying 0.0016 BTC, for 1000 GHS+ the price per gigahash gets lowered to 0.0015 GHS and for orders of 10000 GHS or more the price is 0.0014 BTC per GHS. These prices are for the hashrate and include all of the maintenance fees for 2 year period of time, so you can easily do some math on what the expected return of investment should be.

So lets do some math here, with the current Bitcoin network difficulty and price with a 50 GHS mining contract at 0.0017 BTC you would have to pay 0.085 BTC and you will be earning back about 0.01585 BTC per month or a little over 5 months to ROI. Normally you would need more time than that due to increasing network difficulty, but this year things are moving at a slower pace and difficulty is not going only up like last year for example. With 100 GHS mining contract for 0.16 BTC you would be getting a monthly return of about 0.0317 BTC or you would need just about 5 months if the conditions remain the same. With a 1000 GHS mining contract that will cost you 1.5 BTC you will be making about 0.317 BTC a month or less than 5 months to get back the investment. If you go for a 10000 GHS mining contract for a price of 14 BTC you will be getting a monthly return of 3.17 BTC and you would need a bit over 4 months in theory. In practice the Bitcoin network difficulty will probably rise a bit in 5 months, so the actual ROI time should be slower, but the idea is that with 2 year mining contracts after you get back your initial investment the rest of the time is for profit.

Initially when the cloud mining service launched last year it was offering 5 year mining contracts and people that got in early like we did, lets say a year ago, should have not only a full return of their investment, but also should have made a nice profit already. Since then the situation has changed a bit, but the current promotional 2 year mining contracts are a more attractive option than the standard 1 year mining contracts with all fees included. So you might want to check out the service and give the promotion a go if you are interested.

– For more information about Bitcoin Cloud Services and their mining contract promotion…