Cloud Mining with Hashflare

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 before I read up.

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.

To sign up: http://ay.gy/1hwVhp

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!

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.

Here I will list my earnings so far. I will already deduct the maintenance fees in the list.


To sign up: http://ay.gy/1hwVhp


Total Amount Invested: USD 15.00 (0.15 TH/s SHA-256) + USD 13.20 (2 MH/s Scrypt)
Last update: Jan 09, 2017

DATE (Algo) BTC Profit

Jan 09 (Scrypt) 0.00004244
Jan 09 (SHA-256) 0.00004366

Jan 08 (Scrypt) 0.00003558 
Jan 08 (SHA-256) 0.00005331 

Jan 07 (Scrypt) 0.00003821 
Jan 07 (SHA-256) 0.00005321 

Jan 06 (Scrypt) 0.00003919 
Jan 06 (SHA-256) 0.00005838 

Jan 05 (Scrypt) 0.00005100
Jan 05 (SHA-256) 0.00006499 

Jan 04 (Scrypt) 0.00004992 
Jan 04 (SHA-256) 0.00005992 

Jan 03 (Scrypt) 0.00005167
Jan 03 (SHA-256) 0.00006733

Jan 02 (Scrypt) 0.00005046
Jan 02 (SHA-256) 0.00006472

Jan 01 (Scrypt) 0.00005854
Jan 01 (SHA-256) 0.00005839


Updated file can be found at: http://noobcurrencytrader.blogspot.com/p/cloud-mining.html


Dec 31 (Scrypt) 0.00005859
Dec 31 (SHA-256) 0.00004462

Dec 30 (Scrypt) 0.00005198
Dec 30 (SHA-256) 0.00004565

Dec 29 (Scrypt) 0.00005648
Dec 29 (SHA-256) 0.00005053

Dec 28 (Scrypt) 0.00005405
Dec 28 (SHA-256) 0.00005811

Dec 27 (Scrypt) 0.00004810
Dec 27 (SHA-256) 0.00005529

Dec 26 (Scrypt) 0.00005795
Dec 26 (SHA-256) 0.00004596

Dec 25 (Scrypt) 0.00003725
Dec 25 (SHA-256) 0.00004134

Dec 24 (Scrypt) 0.00003751
Dec 24 (SHA-256) 0.00005669

Dec 23 (Scrypt) 0.00004139
Dec 23 (SHA-256) 0.00004146

* started earlier than Dec 23 but I'll start here *

Updated file can be found at: http://noobcurrencytrader.blogspot.com/p/cloud-mining.html