ScryptCube Mining Plans: analysis, which to choose? January 2021
Updated: Jan 29
Undoubtedly, contacts without daily fees are rare and worthy of attention. ScryptCube is one such cloud mining service that offers users plans with no daily maintenance.
As Scryptcube writes about itself:
ScryptCube has been selling computing power (Hash Rate) since 2016. Until now, the main focus of our work has been cooperation with large B2B clients, but in 2020 we decided to enter the wide user market.
User Cyrus did a research where the payments are coming from and here's what they managed to find out:
At least the connection with the F2pool suggests that mining really works.
The Cloud Mining Info editors also bought the scriptcube contacts and will also hope for the stable work of the company during the stated term of the contracts.
The price of contracts in January 2021 is stable :
12 month - 49 USD per 1TH/s
24 month - 75 USD per 1TH/s
The daily charges for both contracts will be the same. The second year of Plan # 2 will cost $ 26. At first glance, a 2-year contract looks more profitable, but here it is important to take into account the growing difficulty of the Bitcoin network. In 2020, it grew by 49.3% and continues to grow.
Let's assume that:
Over the first year of contact, the network difficulty will gradually increase and by the end of the year will increase by 50%. Then the daily accruals by this time will be 33% less, and by the end of the second year they will be even less.
To buy 2-year contacts or not is still your decision. The second year at an unpredictable level of network difficulty now costs you $ 26 for 1 Th/s, or 53% of the cost of the first year.
My choice is 1 year contacts. If it were possible to conclude purchase contacts for an even shorter period, it would be even better, but this will not happen, because one way or another, cloud mining services just make money on the mistakes of buyers who calculate momentary profit, not taking into account the increase in the level of bitcoin network difficulty.
We will be happy to answer your questions and find out which contact you have chosen to purchase?