Bitcoin Forum
September 24, 2018, 10:50:53 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Hashflare Pricing- What am I missing?  (Read 130 times)
atc1-REAL
Member
**
Offline Offline

Activity: 103
Merit: 10


View Profile
November 23, 2017, 03:08:42 PM
 #1

Alright, so at present, Hashflare is selling 10GH/s at $1.40 for their 1 year contract with a maintenance fee of 0.0035$ per 24h per 10GH/s.

Assume I buy 1 TH/s (100*10 GH/s) at $140. At present I get approximately 0.00018430 BTC per day at that rate.
This 1 TH/s keeps mining for a whole year, so I get  0.00018430*365=0.0672695 BTC by the time my 1 year contract ends which at the present rate is around $550. The maintenance would be $0.0035*100*365=$128 approximately.
So, I end up with $550-$128=$422 for an investment of $140.

Assuming that the price and difficulty remains constant, that's an ROI of 300%! Of course that's impossible. What did I miss in my calculations?

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537786253
Hero Member
*
Offline Offline

Posts: 1537786253

View Profile Personal Message (Offline)

Ignore
1537786253
Reply with quote  #2

1537786253
Report to moderator
1537786253
Hero Member
*
Offline Offline

Posts: 1537786253

View Profile Personal Message (Offline)

Ignore
1537786253
Reply with quote  #2

1537786253
Report to moderator
Zocadas
Hero Member
*****
Offline Offline

Activity: 896
Merit: 508



View Profile
November 23, 2017, 04:17:58 PM
 #2

You missed nothing. Hashflare missed to add all costs to info site, so that customers get trapped. There are not only maintance fees, but also electricity costs, that vary from pool to pool, whyever. In the last months, before Hashflare anounced, shortening lifetime contracts, there was even a ROI of 6 months. But most of the time it was on 22 months. Now they have a ridiculous withdraw minimum, that most of customers will never reach.
So, forget hashflare. I would categorize it as scam.

   

 
        █████   █████     █████   █████   
        █████   █████     █████   █████   
        █████   █████     █████   █████   
        █████   █████     █████   █████ 
        █████   █████     █████   █████ 
        █████   █████     █████   █████ 
█████   █████                     █████   █████               
█████   █████                     █████   █████ 
█████   █████                     █████   █████ 
█████   █████                     █████   █████ 
█████   █████                     █████   █████         
   
   MAKE MONEY WITH YOUR CAR
---------_>    BlocVehicle    <_---------
 

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
 

█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
 

    ▄█████
   ████▀▀▀
   ████
   ████
██████████
▀▀▀████▀▀
   ████
   ████
   ████
   ████
   ████
   ▀▀▀▀
 

             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀

Slow death
Hero Member
*****
Offline Offline

Activity: 952
Merit: 613



View Profile
November 23, 2017, 05:14:05 PM
 #3

What did I miss in my calculations?

This reminds me some time ago, I spent a lot of time calculating and did not understand why my gains were much lower every day, it was annoying and I gave up on these cloud mining sites, it was my money and time loss

Now they have a ridiculous withdraw minimum, that most of customers will never reach.

was a strategy to steal people


I would categorize it as scam.

lately he has done many promotions and this is not a good sign


Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!