Bitcoin Cloud Mining with HashFlare

[Rogerdale]

Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?

Yes, calculators are way off. In the best case (and if Hashflare pays you all your profit) you will get no more than 0.25 BTC. You won't ROI only if Bitcoin drops below 10K or difficulty skyrockets in the next 3 months.

I think that there is no way to difficulty skyrockets, since it will take unconfirmed transactions with. UNLESS a new hardware shows up (like Ebit E10, Antminer S10, etc).

The today's jump was 18%. And the last one was also 18%. If every time difficulty adjusts 18% up, Hashflare contracts will barely break even (with maybe 10% profitability in BTC in the best possible case when BTC soars to $50K) and won't run full year (will be terminated after 9 months). And cloud mining contracts on the other sites (where 1 TH/s costs 400-900 dollars) will bring a huge loss for investors.

If difficulty rises 18% every time and BTC price stalls at $20K, Hashflare contracts will terminate after 6.5 months but it looks like they will break even anyway. So only BTC dip to 10K is really dangerous, in this case SHA-256 contracts won't last more than 4 months and will mine only 70% of the paid amount.

[badger88]

Todays as in 2 weeks ago ??

[Steffoboy]

Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?

Yes, calculators are way off. In the best case (and if Hashflare pays you all your profit) you will get no more than 0.25 BTC. You won't ROI only if Bitcoin drops below 10K or difficulty skyrockets in the next 3 months.

I think that there is no way to difficulty skyrockets, since it will take unconfirmed transactions with. UNLESS a new hardware shows up (like Ebit E10, Antminer S10, etc).

The today's jump was 18%. And the last one was also 18%. If every time difficulty adjusts 18% up, Hashflare contracts will barely break even (with maybe 10% profitability in BTC in the best possible case when BTC soars to $50K) and won't run full year (will be terminated after 9 months). And cloud mining contracts on the other sites (where 1 TH/s costs 400-900 dollars) will bring a huge loss for investors.

If difficulty rises 18% every time and BTC price stalls at $20K, Hashflare contracts will terminate after 6.5 months but it looks like they will break even anyway. So only BTC dip to 10K is really dangerous, in this case SHA-256 contracts won't last more than 4 months and will mine only 70% of the paid amount.

Yep Hashrate spiked 25% in 2 days, so now blocktime is the still as it was 13,7 minutes instead of 10 minutes it should be, i bet hashrate will be with drawn now, so the manipulation can kick itself around next corner, and keep Bitcoin on its Knees. Transaction delay drama will continue, expect this will always be the case, dosent matter, the averall hashrate seems to stay the same, so in the long run there is no hashpower that can keep difficulty up, but i do think the should change the code so this type of quick adding of hashrate and withdravals, dosent mess the system up, difficulty was set to go down cuz blocktime was to long, and this round its the same thing, cant be sustained? Bitcoin seems to adjust itself to be veeeery slow as the mechanism allows it right now.

[motoprose]

I think I read somewhere on their site they will be putting up a wallet exclusively for doing withdrawals from.
It has been postponed until the 20th of this month due to the problems with the blockchain causing every other business to do reasonable rates so to do these withdrawals for their customers.

[kotykmurkotyk]

Hello friends,

Hope everyone is enjoying their Tuesday!
I bought my first terahashes yesterday and looking for advice from experienced cloudminers like yourselves.
Considering that the contract is only 1 year, is it worth reinvesting the rewards. If so can someone recommend a strategy as to when to switch to withdrawals for a maximum end of the year outcome.
May be I understand it wrong, but wouldn't my terahashes bought in December expire and no longer would produce for me in December next year?

May be someone can recommend a formula or a calculator to use. Thank you!

[kotykmurkotyk]

Hi,today i invested on both SHA-256 and script.
I two questions:

1)what is the best pool arrangement for both?

2) on my dashboard i don't see any income after how much time it will appear?

tnx

1) I am also interested in the pool recommendation. I know which pools get the majority of rewards, but what's the ratio between the number of rewards and the share of reward individual with let's say 1TH gets.
Again would be interested to know if there are any sort of calculators related to that.

2) Also haven't seen the rewords posting to dashboard. My understanding they post the rewards once a day and not when they happen in real time.Also the process run only between 00:00 and 13:00 UTC. My full day will complete around 16:00 UTC. So I am expecting to see some change during the processing after 00:00 UTC.

I am not sure if my assumptions are correct though. Thanks everyone.

[Halikin]

Hello friends,

Hope everyone is enjoying their Tuesday!
I bought my first terahashes yesterday and looking for advice from experienced cloudminers like yourselves.
Considering that the contract is only 1 year, is it worth reinvesting the rewards. If so can someone recommend a strategy as to when to switch to withdrawals for a maximum end of the year outcome.
May be I understand it wrong, but wouldn't my terahashes bought in December expire and no longer would produce for me in December next year?

May be someone can recommend a formula or a calculator to use. Thank you!

Every purchased is a new contract with a new expiry date.

I just bought more 20TH. I'll collect the ROI (maybe in 60-90 days) and then I'll think about reinvesting. I think you should do the same.

Hashflare is a nice site? Yes, but many others were too and got vanished, leaving the users with nothing.

[kotykmurkotyk]

Hello friends,

Hope everyone is enjoying their Tuesday!
I bought my first terahashes yesterday and looking for advice from experienced cloudminers like yourselves.
Considering that the contract is only 1 year, is it worth reinvesting the rewards. If so can someone recommend a strategy as to when to switch to withdrawals for a maximum end of the year outcome.
May be I understand it wrong, but wouldn't my terahashes bought in December expire and no longer would produce for me in December next year?

May be someone can recommend a formula or a calculator to use. Thank you!

Every purchased is a new contract with a new expiry date.

I just bought more 20TH. I'll collect the ROI (maybe in 60-90 days) and then I'll think about reinvesting. I think you should do the same.

Hashflare is a nice site? Yes, but many others were too and got vanished, leaving the users with nothing.

Thanks. The break even in 60-90 days makes sense if you want to sell the earned bitcoin at that time and the price is assuming the same as today, which is unlikely. There is no way to know where the price would be in 2-3 months. However the risk of keeping your $ locked in someone else's hardware is troubling me. I need some optimists to pitch in

[Smoke12]

Hello friends,

Hope everyone is enjoying their Tuesday!
I bought my first terahashes yesterday and looking for advice from experienced cloudminers like yourselves.
Considering that the contract is only 1 year, is it worth reinvesting the rewards. If so can someone recommend a strategy as to when to switch to withdrawals for a maximum end of the year outcome.
May be I understand it wrong, but wouldn't my terahashes bought in December expire and no longer would produce for me in December next year?

May be someone can recommend a formula or a calculator to use. Thank you!

Every purchased is a new contract with a new expiry date.

I just bought more 20TH. I'll collect the ROI (maybe in 60-90 days) and then I'll think about reinvesting. I think you should do the same.

Hashflare is a nice site? Yes, but many others were too and got vanished, leaving the users with nothing.

Thanks. The break even in 60-90 days makes sense if you want to sell the earned bitcoin at that time and the price is assuming the same as today, which is unlikely. There is no way to know where the price would be in 2-3 months. However the risk of keeping your $ locked in someone else's hardware is troubling me. I need some optimists to pitch in

Hmm, like the way u talk i think better you keep ur $ voor yourself.. Nobody knows what the future brings.. In my opinion the risk is low.. Let's hope the difficulty goes down this time!

[kotykmurkotyk]

Hello friends,

Hope everyone is enjoying their Tuesday!
I bought my first terahashes yesterday and looking for advice from experienced cloudminers like yourselves.
Considering that the contract is only 1 year, is it worth reinvesting the rewards. If so can someone recommend a strategy as to when to switch to withdrawals for a maximum end of the year outcome.
May be I understand it wrong, but wouldn't my terahashes bought in December expire and no longer would produce for me in December next year?

May be someone can recommend a formula or a calculator to use. Thank you!

Every purchased is a new contract with a new expiry date.

I just bought more 20TH. I'll collect the ROI (maybe in 60-90 days) and then I'll think about reinvesting. I think you should do the same.

Hashflare is a nice site? Yes, but many others were too and got vanished, leaving the users with nothing.

Thanks. The break even in 60-90 days makes sense if you want to sell the earned bitcoin at that time and the price is assuming the same as today, which is unlikely. There is no way to know where the price would be in 2-3 months. However the risk of keeping your $ locked in someone else's hardware is troubling me. I need some optimists to pitch in

Hmm, like the way u talk i think better you keep ur $ voor yourself.. Nobody knows what the future brings.. In my opinion the risk is low.. Let's hope the difficulty goes down this time!

I am not worried about bitcoin that much. The question stands how to use cloud mining to the full potential until the in-house mining could be established. Still trying to wrap my brain around it.

[Dav7]

I keep buying ETHASH with SHA earnings

[Wezker]

Hello everybody, short question if I invite someone I get the commission in btc or hashpower?

[f4]

Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?

Yes, calculators are way off. In the best case (and if Hashflare pays you all your profit) you will get no more than 0.25 BTC. You won't ROI only if Bitcoin drops below 10K or difficulty skyrockets in the next 3 months.

I think that there is no way to difficulty skyrockets, since it will take unconfirmed transactions with. UNLESS a new hardware shows up (like Ebit E10, Antminer S10, etc).

The today's jump was 18%. And the last one was also 18%. If every time difficulty adjusts 18% up, Hashflare contracts will barely break even (with maybe 10% profitability in BTC in the best possible case when BTC soars to $50K) and won't run full year (will be terminated after 9 months). And cloud mining contracts on the other sites (where 1 TH/s costs 400-900 dollars) will bring a huge loss for investors.

If difficulty rises 18% every time and BTC price stalls at $20K, Hashflare contracts will terminate after 6.5 months but it looks like they will break even anyway. So only BTC dip to 10K is really dangerous, in this case SHA-256 contracts won't last more than 4 months and will mine only 70% of the paid amount.

Even if the difficulty goes up 18% for the next ~25 changes you ll break even in USD, with about 115% ROI.
But calculating in BTC you ll defnitly make a loss, the higher the BTC price rises the more wealth you destroy investing into hashflare.

[f4]

https://btc.com/tools/mining-calculator

[Wezker]

Why hashflare has Change The price per TH/s from 1.50  to 2.20$. I didnt See an announcment.

[LsHallo]

Why hashflare has Change The price per TH/s from 1.50  to 2.20$. I didnt See an announcment.

Was going to ask the same question. I logged in to check if auto buy performed it's action only to see that it didn't because the price spiked.

The communication with this company is not very good!

[Steffoboy]

I keep buying ETHASH with SHA earnings

Someone asked for a optimist, here he is eth goes proof at stake any time soon....

https://en.wikipedia.org/wiki/Proof-of-stake

[Wezker]

Why hashflare has Change The price per TH/s from 1.50  to 2.20$. I didnt See an announcment.

Was going to ask the same question. I logged in to check if auto buy performed it's action only to see that it didn't because the price spiked.

The communication with this company is not very good!

Yeah communication is very bad. I mean this price change form 1.50$ to 2.20$ are about 46%.....
I dont know the reason i think the fee isnt lower now and the Price for buying her hardware sholud be the same..

[Slingervel]

Why hashflare has Change The price per TH/s from 1.50  to 2.20$. I didnt See an announcment.

Was going to ask the same question. I logged in to check if auto buy performed it's action only to see that it didn't because the price spiked.

The communication with this company is not very good!

Yeah communication is very bad. I mean this price change form 1.50$ to 2.20$ are about 46%.....
I dont know the reason i think the fee isnt lower now and the Price for buying her hardware sholud be the same..

With such an increase, I smell a rat.
IMHO, that's falling out of market related pricing. So, my guess is they need money.

[Steffoboy]

Why hashflare has Change The price per TH/s from 1.50  to 2.20$. I didnt See an announcment.

Was going to ask the same question. I logged in to check if auto buy performed it's action only to see that it didn't because the price spiked.

The communication with this company is not very good!

Yeah communication is very bad. I mean this price change form 1.50$ to 2.20$ are about 46%.....
I dont know the reason i think the fee isnt lower now and the Price for buying her hardware sholud be the same..

With such an increase, I smell a rat.
IMHO, that's falling out of market related pricing. So, my guess is they need money.

last price on genesis was 186 usd for 1 th starting feb others i seen is 400 usd open ended, 220 for 1 year with this difficulty seems scary