Cloud Mining with Hashflare

SUBMITTED BY: amityp

DATE: Jan. 9, 2017, 1:27 a.m.

UPDATED: Jan. 13, 2017, 6:38 p.m.

FORMAT: Text only

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  1. Cloud Mining with Hashflare
  3. Mining Bitcoins on your own is no longer profitable. Another option is to use cloud mining. These are services that allow you to "rent" their mining. Now I've read that most cloud mining operations are just ponzi scams, but I already put in some money into Hashflare.io before I read up.
  5. Let's see if Hashflare breaks the "it's a ponzi" notion. It would take approximately 6 months for me to ROI. Buying bitcoins and holding on to it may seem the better option. But if the service continues after 6 months, then I'm getting extra satoshi everyday. Of course, profitability depends on many factors such as BTCUSD rate and maintenance costs.
  7. Take note that maintenance fees are in USD, so the higher the price of bitcoins, the lesser the fees take away (and vice versa). So we really want bitcoin to go to the moon!
  9. Another thing to note is the withdrawal minimum of 0.0004 BTC and a withdrawal fee of 0.0003 BTC; so don't think you can withdraw too often.
  11. Here I will list my earnings so far. I will already deduct the maintenance fees in the list.
  14. HashFlare
  16. Total Amount Invested: USD 15.00 (0.15 TH/s SHA-256) + USD 13.20 (2 MH/s Scrypt)
  17. Last update: Jan 09, 2017
  19. DATE (Algo) BTC Profit
  21. Jan 09 (Scrypt) 0.00004244
  22. Jan 09 (SHA-256) 0.00004366
  24. Jan 08 (Scrypt) 0.00003558
  25. Jan 08 (SHA-256) 0.00005331
  27. Jan 07 (Scrypt) 0.00003821
  28. Jan 07 (SHA-256) 0.00005321
  30. Jan 06 (Scrypt) 0.00003919
  31. Jan 06 (SHA-256) 0.00005838
  33. Jan 05 (Scrypt) 0.00005100
  34. Jan 05 (SHA-256) 0.00006499
  36. Jan 04 (Scrypt) 0.00004992
  37. Jan 04 (SHA-256) 0.00005992
  39. Jan 03 (Scrypt) 0.00005167
  40. Jan 03 (SHA-256) 0.00006733
  42. Jan 02 (Scrypt) 0.00005046
  43. Jan 02 (SHA-256) 0.00006472
  45. Jan 01 (Scrypt) 0.00005854
  46. Jan 01 (SHA-256) 0.00005839
  49. Updated file can be found at: http://noobcurrencytrader.blogspot.com/p/cloud-mining.html
  52. Dec 31 (Scrypt) 0.00005859
  53. Dec 31 (SHA-256) 0.00004462
  55. Dec 30 (Scrypt) 0.00005198
  56. Dec 30 (SHA-256) 0.00004565
  58. Dec 29 (Scrypt) 0.00005648
  59. Dec 29 (SHA-256) 0.00005053
  61. Dec 28 (Scrypt) 0.00005405
  62. Dec 28 (SHA-256) 0.00005811
  64. Dec 27 (Scrypt) 0.00004810
  65. Dec 27 (SHA-256) 0.00005529
  67. Dec 26 (Scrypt) 0.00005795
  68. Dec 26 (SHA-256) 0.00004596
  70. Dec 25 (Scrypt) 0.00003725
  71. Dec 25 (SHA-256) 0.00004134
  73. Dec 24 (Scrypt) 0.00003751
  74. Dec 24 (SHA-256) 0.00005669
  76. Dec 23 (Scrypt) 0.00004139
  77. Dec 23 (SHA-256) 0.00004146
  79. * started earlier than Dec 23 but I'll start here *
  81. Updated file can be found at: http://noobcurrencytrader.blogspot.com/p/cloud-mining.html
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