Bitcoin Forum

I have got an account at Hashflare, but I do not know what is better withdraw o reinvest?

The contract is for one year, if spend all year reinvesting never get money. My doubt is: Why Hashflare let user reinvest option?

Thanks in advanced.

Do you trust them? Reinvest.
Don't you trust them? Withdraw.

I really trust, but if spend one year only reinvesting when contract goes to end I will not receive any bitcoin, just all reinvest at mine power!

If you have been investing with mining contracts, have you ever got any profits out of your investments?
For me, buying mining contracts doesn't seem to be profitable anymore. I haven't tried hashflare, but i lost many times with other same minings.
Before you step further,make sure you read topics and answers about cloud mining from other members

People should understand the consequences of reinvesting earnings. If you reinvest what you earn, you'll think that you have more mining capacity, but what you do is give back the money you make to the service, which is their main plan. In other words, everytime you reinvest your earnings, you'll have to start earning from scratch again. It's a well set up plan to put you into a never ending cycle, or a cycle that ends at the time the service wants it to end. People shouldn't fall for these cheap and dirty actions.

Exactly this. You shouldn't be using these types of services if you are looking for profit because the way they are designed is to earn off you. if you have made a profit then I would suggest walking away with that profit now instead of giving it back to them and then losing out later down the line.

Why not just take the profit and withdraw it? You know what will happen to you by reinvesting it and as you withdraw why not try to reinvest it with trading?

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Very true, staying on the same place will just make you look like this again unless you'll invest into some other place. If you don't want to start again and back to the dip, think again because if I were on your shoe I'll secure myself with the profit and will take of some other way of growing it and not with hashflare anymore.

While you still get profit I suggest you to withdraw it, cloud mining usually going to turn into scam site, and you are one of the lucky guy that able to get profit from cloud mining, there are still many ways to earn rather than plunge your fund in cloud mining again

the invest feature is an option, if you don't like it then don't use it but be reminded with the withdrawal fee everytime you wants to withdraw, the amount isn't a joke specially if you only have small amount of hash power to earn from

Are you still able to withdraw? They set withdraw minimums skyhigh.
Anyway, don't reinvest. Hashflare is just turning to scam. So, if you are still able to withdraw, do it, and get out as fast as you can.

hey guys! many thanks for the responses! I never think so many answers! I will keep little more!

There is several errors in your thinking about reinvesting.

For example if you Buy say 100THs today and activate reinvest right away. You will have about 500THs after 4-5 Months.
After 366days you will start to lose your initial investments but all the later investments has probably built up a total hashrate of over 1000THs, perhaps alot more.

And day 367 you will only lose about 1.8THs but you will gain like 80THs since you already have so much.

To make this easier to understand there is a very good calculator out there that not many know about:
https://whatsmyip.com/hashflare

Have a look at that one and also when clicking the "see more" button to the right you will also get to see HashFlares own calculation.
I think that if you scroll down one year then you will fully understand what I am getting at.

so.. https://whatsmyip.com/hashflare look at it and comment if there is any questions about it.

Simple, If you believe them then go forward to invest with them and if you are not satisfied then don't go with them. Just use your experience to work,  are their project trustworthy and do their project have potential to give you a good chunk of profit if yes then go with them. Do your proper research and then bond with them.

I dont know if op decide to purchase power a month ago if it does then hes unlucky because of the situation happened on hashflare recently. If he didnt tend to invest on those times then hes lucky that he avoided such situation. For me investing on cloudmining isnt really worth already specially the contract do already have the duration of 1 year. Considering on mining difficulty it would turn out that you wont really make any profits in the end of your contract. which means you are just wasting your time and money even if you do make compounding.

If you have doubt just withdraw your investment specially if you already got good profit. Also i think many accusation for hashflare right now and that is a bad thing to them the possibility to run away brings all the investment is very high with a new contract. But the decision is up to you.

Agree with this, this is very simple answer but very meaningful.
Having trust but also have a doubt much better to keep your bitcoin in safe than reinvesting, there is no cloud mining exist for more than 3 years, they will only getting trust of more investors then after that they will do their mission to take investment and never coming back. Be careful mate hoping you choose a right decision.

Don't reinvest. You are not going to make anything in the long run and if you reinvest you're literally just compounding your losses. Take whatever you get and withdraw, and take the losses that you have already incurred.

I'd say that you probably lost out on a lot of money because they made every single contract 1 year instead of lifetime, which means that people are overpaying initially when they bought their share.

There are no guarantees that they won't reduce 1 year to 6 months or something. Take your money out of there when you still can.

Why not mixing it up?

Step 1: Get back your initial investment (if Hashflares calculation ist correct this should happen after 2.5 - 3 months)
Step 2: Cash out a set amount of winning (e.g. after another month)
Step 3: re-invest for one month to add to your mining capacity
Go back to step 2

This way you will realize winnings but also keep your mining running without new investments from scratch.

I made a guide with updated values... I still recommend them, but you have to be patient in some cases.

See: http://conquistarbitcoins.blogspot.com.br/2017/12/how-to-mine-bitcoin-in-cloud.html (http://conquistarbitcoins.blogspot.com.br/2017/12/how-to-mine-bitcoin-in-cloud.html)

ROI today is about 4.5 months, but I'm hoping bitcoin will continue to grow.

Been wondering on how did you able to calculate the roi for 4.5 months which i cant see this thing for it to be possible and even on 1 year contract you cant able to reach out roi this is why i dont really suggest to reinvest again your funds into Hashflare. If you are really eager on investing then only put up on the money that you can afford to lose .Just dont blame us if you lose money and dont tell us that we didnt warn you.

I'm using their services for more than 8 months and I already had my ROI... ok, bitcoin difficulty is high nowadays, the TH/s price increased... but using the cryptocompare btc calculator will you see that the ROI will be less than 4.5 months...

Look: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=1&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0

With 1 TH/s that costs USD 220 in Hashflare, you may have more or less USD 667 in one year, discounting the maintenance fee.

Of course I hope that the increase of the mining difficulty will be compensate by the btc value.

Still not clear if reinvestment amount will be considered as a new contract purchase which will last one year. Can anyone please clarify this?

Hi yud, each re-invest has an expire date 1 year out from date of re-invest.

I haven't found this in the faq section of hashflare website. Can you please share the source of this info?

Yes, every reinvestment is a contract of its own and will last about 365 days.
I do not know this by experience, I read about somewhere else plus. Also I applied logic. Since the initial purchase is limited to a year also every purchase per reinvest must be limited to one year.
Also there is this calculator I linked below.
https://whatsmyip.com/hashflare
You can set your initial investment and the hashrate you got.

I'm one of the people who tried first buying a little hashrate, then deciding several days later it is worth buying a decent amount of hashrate.
The second purchase is stil pending. I recon the 14 days you have to wait for withdraw, after registering or setting/changing wallet adress also counts for purchases.
It is nowhere clearly stated but many people who make their first purchase are getting through. And I am sitting here and presumably waiting for the 14 days period to end so my second purchase can start.
Wrote a ticket and the stated time that I have to be patient for an answer is after christmas eve.

Since I trust HF (do I have even a choice after making payment in BTC?) I planned to reinvest for about 4 to 6 months. Withdraving BTC to a trusted wallet when I can get initial investment plus 10%.
The rest I'd just let sit there for the cummulative contracts to end and then decide wether I should reinvest.

I would prefer the real source. I have tried to contact them but waiting their reply for a week already.

I like this calculator, so probably do some reinvestment is good... I don't think that reinvest all your balance it's the best choice, because it's too risk ... in some case I try to put new money to buy hashpower.

If someone need help to invest in hashflare, I created this guide: https://conquistarbitcoins.blogspot.com.br/2017/12/how-to-mine-bitcoin-in-cloud.html

If you have enough balance to withdraw, do not reinvest as the contract just for a year. Reinvest is a trap button obviously, if you don't set it, your btc will automatically used for reinvest, shady. Hashflare isn't a good cloud mining, but it's the only one left after bitcoin contract from genesis mining is out of stock. However, current blockchain network doesn't allows to send bitcoin with low fees, so it's not recommend to withdraw until the mempool back to normal, at least until blockchain has less than 20,000 unconfirmed transactions and you are good to go.

There's nothing shady! If you don't change the default setting it is set to "do not reinvest". You have to explicitly choose "reinvest".

Also most people don't seem to see that 1-year contract is the only business model that makes sense.
Those so called lifetime-contracts are the real fraud. Because they terminate as soon as utility-costs are higher than the earnings from mining ... which can happen from anywere between 1-3 years usually. Much harder to calculate but makes you believe you have to pay only one time.

So reinvest is a good opportunity to make sure your mining power doesn't run out. But of course I wouldn't reinvest all.

And at the moment reinvest isn't a good idea: Due to limited ressources Hashflare upped their price from 1,50 to 2,20 per 10 GH/s.
Very tough to make money with that costs. So I would wait to reinvest till it's back down to 1,50 again!

I would suggest withdrawing instead of reinvesting but it is up to your discretion.

Thanks I totaly agree.

And https://whatsmyip.com/hashflare is probably the best/most honest online caclucator out there. Tweaking it a bit with a supposedly higher bitcoinprice increase gives a very nice result. Its possible to reinvest for 3-4 months and then turn it off and just restart the calculation with what you got after those months. The plan is to add ability to turn off reinvest or add extra founds after a set amount of time.

Wow a guy with daring to reinvest his investment? Hm, not that I'm against the hash flare or something like that but to be honest you will never get the investment back with this website or cloud mining site and even not with any trusted or high ranked mining. The thing is they do not work in the way they should work really. The golden time is gone brother. Cloud mining doesnt work now, they have there terms of contract limited to one year only and with your investment you will never reach the ROI. So you won't be able to get what you invested. For now you should cash out the withdraw amount if it is really possible for you. Because the minimum cash out is around 0.01 for hash flare now. To achieve this one is impossible now a days and fees are killing the fun. So please check everything twice.

I started to reinvest for about 2 weeks, and then I switched to cashout. After about 8 days now I got about 9% back. The calculation on their own page said ROI in about 60 days if I remember correctly when joining. But if this continues I guess it will turn out to be about 100 days, which I think is acceptable.
I will cashout for some time now before starting to reinvest again. If and When I get my investment back then I will turn on reinvestment "for ever" (well ok, for about a year to be more exact)

While their calculation is correct in general, it's a bit misleading because it doesn't factor in the maintenance cost. So your 100 days assumption are indeed closer to the reality.

so are hashflare withdraws going through if you do a 0.05BTC or higher withdraw?

i haven't got 0.05BTC yet but not sure how much more to invest incase withdraws aren't working?