Bitcoin Cloud Mining with HashFlare

[brobbel]

Mining is not affected by the current price in no way shape or form

The correlation of the Bitcoinprice and the Mining-Difficulty is one of the most obvious things, that has been there for the past 8 years, for very simple reasons.
If you dont understand that inform yourself, I really dont want to discuss that or explain the most basic things to you.

Like Steffoboy technically it is in NO way related.

But psychologically it is: when bitcoin price rises, people are interested in buying hashrate, so more hashrate, so more difficulty.
When bitcoin price drops, some people see the power costs growing and decide to stop mining (and/or start mining bitcoin cash for example), so less hashrate available, so less difficulty.

So I think you are both right, but in different ways.

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[Steffoboy]

Mining is not affected by the current price in no way shape or form

The correlation of the Bitcoinprice and the Mining-Difficulty is one of the most obvious things, that has been there for the past 8 years, for very simple reasons.
If you dont understand that inform yourself, I really dont want to discuss that or explain the most basic things to you.

Like Steffoboy technically it is in NO way related.

But psychologically it is: when bitcoin price rises, people are interested in buying hashrate, so more hashrate, so more difficulty.
When bitcoin price drops, some people see the power costs growing and decide to stop mining (and/or start mining bitcoin cash for example), so less hashrate available, so less difficulty.

So I think you are both right, but in different ways.

For sure i have already said that before, but i cant repeat everything i have said when i say something
Once u have a miner you have to run it since u already pay for it, the power cost is a smaller portion than the profit, so its highly unlikely that someone turns off their miner once they have it, just like in Hashflare, once u have the contract, it cant be turned off, you have it for better or worse.

The difficulty will rise until the weak hands is flushed out, aka fast profit seekers. Might take years.

[brobbel]

For sure i have already said that before, but i cant repeat everything i have said when i say something
Once u have a miner you have to run it since u already pay for it, the power cost is a smaller portion than the profit, so its highly unlikely that someone turns off their miner once they have it, just like in Hashflare, once u have the contract, it cant be turned off, you have it for better or worse.

The difficulty will rise until the weak hands is flushed out, aka fast profit seekers. Might take years.

Only, when you earn less then the power costs, you will stop using it. And when it is more profitable using it for another coin (like bitcoin cash) you will stop using it on the bitcoin network. In both cases difficulty will drop.

But due to the high price it will take quite some time before the first will happen.

[Steffoboy]

For sure i have already said that before, but i cant repeat everything i have said when i say something
Once u have a miner you have to run it since u already pay for it, the power cost is a smaller portion than the profit, so its highly unlikely that someone turns off their miner once they have it, just like in Hashflare, once u have the contract, it cant be turned off, you have it for better or worse.

The difficulty will rise until the weak hands is flushed out, aka fast profit seekers. Might take years.

Only, when you earn less then the power costs, you will stop using it. And when it is more profitable using it for another coin (like bitcoin cash) you will stop using it on the bitcoin network. In both cases difficulty will drop.

But due to the high price it will take quite some time before the first will happen.

For sure, but most are stuck in what they got, not too many have their own Antminer S9 to choose as they please with.

Its quite unlikely the price will drop, i wont bite my nails so much for that

[f4]

Now as we understand that difficulty follows price (in a economical sense of course, not in a direct technical sense like its linked to the blockchain) and other miners can switch to different SHA-256 coins or sell their hardware, but hashflare users are stuck with it for a year, it is a speculation on stagnating or dropping BTC prices.
Because you cant bring in new hardware as fast as new money the difficulty usually follows with a delay, and with the recent price change and all the new hashrate I doubt there will be a ROI with hashflare at all.

[Smoke12]

Wich pools are u guys doing? I do 55 TH/s: 75/25 Antpool/F2pool now.

[ACKayaturk]

They finished their maintanance I guess.. Dıd they fix withdraw issue and other issues? There is no any warning, note or anything on the top of the site?

[Steffoboy]

Wich pools are u guys doing? I do 55 TH/s: 75/25 Antpool/F2pool now.

I tried different combos to no avail, i do 100% Antpool

[kindlestick]

Call me crazy but yesterday was my first day at HashFlare and I went for a ballsy investment. I invested $5200 worth of USD to purchase 35TH/S.

Today's earning was a measly $10. I have my pool allocation set to 33% each. Not sure what I'm doing wrong or HashFlare is not what I thought out to be.

Need some guidance here, thanks guys.

[Halikin]

I invested $5200 worth of USD yesterday to purchase 35TH/S.

Today's earning was $10. Am I doing something wrong or lol.

Need some guidance here, thanks guys.

Wow, maybe it starts to count tomorrow. You should earn more or less $75.

Tell us what will be you earning tomorrow (print would be good  ).

[kindlestick]

I invested $5200 worth of USD yesterday to purchase 35TH/S.

Today's earning was $10. Am I doing something wrong or lol.

Need some guidance here, thanks guys.

Wow, maybe it starts to count tomorrow. You should earn more or less $75.

Tell us what will be you earning tomorrow (print would be good  ).

Will do. I'm going to be active in this thread throughout my journey with HashFlare. I'll let you guys know everything about my earnings whether it'd be good or bad (no filters). This is just to help those that are wondering if HashFlare is profitable or not. I'm not worried about losing this investment as those were btc that I accumulated from the past without any effort. I will most likely reinvest all my earnings but we'll see how things go. I'll be back tomorrow to give you guys another update.

[kindlestick]

Quick question to everyone: Is it okay if I leave my btc wallet id empty on HashFlare for now? will it still mine and update my account while that field is left empty?

[moneytalks06]

Wich pools are u guys doing? I do 55 TH/s: 75/25 Antpool/F2pool now.

how much u earn yesterday ? i dont have f2pool in my panel

[ACKayaturk]

Quick question to everyone: Is it okay if I leave my btc wallet id empty on HashFlare for now? will it still mine and update my account while that field is left empty?

Sure you can. But do not forget, when you update your wallet ID, system holds your account or 14 days

[Rogerdale]

I invested $5200 worth of USD yesterday to purchase 35TH/S.

Today's earning was $10. Am I doing something wrong or lol.

Need some guidance here, thanks guys.

Wow, maybe it starts to count tomorrow. You should earn more or less $75.

Tell us what will be you earning tomorrow (print would be good  ).

Will do. I'm going to be active in this thread throughout my journey with HashFlare. I'll let you guys know everything about my earnings whether it'd be good or bad (no filters). This is just to help those that are wondering if HashFlare is profitable or not. I'm not worried about losing this investment as those were btc that I accumulated from the past without any effort. I will most likely reinvest all my earnings but we'll see how things go. I'll be back tomorrow to give you guys another update.

Well, does it matter how much you earn if they are not paying? You can only reinvest the profit. It's not that hard to make payouts working, at least exchanges don't have any problems with BTC payouts. Sounds like Hashflare is quite close to become an official scam.

[DesertDuke]

Can anyone give me an estimate of what I could earn in $$ in one year if I invest $10K into a Bitcoin mining contract with Hashflare, just an order of magnitude would be useful as I have no experience with mining.

[ACKayaturk]

It says;

"Dear users,
Creating new Bitcoin withdrawal requests is temporarily disabled due to a very large number of not broadcasted and/or unconfirmed transactions still pending on the side our our provider, block.io."

Can you please tell me what happens when you click on withdraw? Is it says " Account Hold" or something else?

[Mattbox]

Hello guys,

I bought 1 TH/s to test this out. I added my blockchain.info wallet and after one day they "sent" the payment but I didn't received anything. Then my wallet ID changed, so I also changed it on Hashflare but still not receiving any payments for 7 days now.

When will I receive my payments?

Thanks.

[bitdeep]

Hello guys,

I bought 1 TH/s to test this out. I added my blockchain.info wallet and after one day they "sent" the payment but I didn't received anything. Then my wallet ID changed, so I also changed it on Hashflare but still not receiving any payments for 7 days now.

When will I receive my payments?

Thanks.

You will have to wait 7 days after changing your wallet address.

[Mattbox]

Hello guys,

I bought 1 TH/s to test this out. I added my blockchain.info wallet and after one day they "sent" the payment but I didn't received anything. Then my wallet ID changed, so I also changed it on Hashflare but still not receiving any payments for 7 days now.

When will I receive my payments?

Thanks.

You will have to wait 7 days after changing your wallet address.

Ok, thanks.
Does payout speed matters if I'm getting not that many BTC per day? (about 2$ worth).