Binance has launched a presale of Cloud Mining products for BTC mining with
#Subscription Period: 2024-04-26 00:00 (UTC) to 2024-06-18 00:00 (UTC). The mining activity will run for 360 days.
This is a passive income for whoever invest in it, but I wouldn't be investing.
My reason is simple. Join me, let's do the maths.
1 mining slot (1TH/s) is 23.04 USD
Estimated Output = 0.00000078BTC * 360 days = 0.0002808BTC
At the present price of BTC
$64,000 * 0.0002808BTC = $17.97
Investing $23.04 to get $17.97 at the end of the mining circle is a loss.
If the price of BTC goes above $80,000, then one will get profit, but I did rather purchase 0.0002808 BTC at the present discount rate of $17.97 than get involved in cloud mining with $23.04.
What's your take on my analysis? Let's discuss at the comment section.
Please don't forget to like and follow me, together we can grow our portfolios.
