Is Hash Flare still a good idea to invest in?
I have invested in Hashflare since December 2017. In roughly 4 months have built my account to just under 40 thz. Im a strong believer in bitcoin, crypto currency and cloud mining.
Market conditions for bitcoin are constantly changing and some people believe mining is not profitable. Even with the drop in bitcoin, at the time writing this article $8600, I researched and found that cloud mining on hashflare is still profitable.
https://hashflare.io/r/9FAAB996
30% off on $1200 10 thz purchase investment =$860 for 10thz.
If the bitcoin price stays where it is.
After maintenance your daily payout would be $3.13 per day, 93.90 a month = $1,126 for the year.
Profit=$266 on a one year investment. That's roughly a 30% return.
If you want to invest in cloud mining please use my code.
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STOPAt this very moment btc price $8,081
For future viewers: price of bitcoin at the moment of posting is 8433.76USD
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Coinwarz dont include increasing difficulty level in its calculation as it is unpredictable. Bitcoin difficulty increased 39%(average) per month. Though it is expected to go higher year by year lets assume it is the same this year.
If Btc stays the same for the next 12 months
So most likely you are going to end up with less than $350.
It is a huge loss investing in hashflare when yoi consider prices are staying the same.
Good points yes the mining difficulty is rising. What we are hoping is that the bitcoin price will go up like it did in Dec-Jan and the bitcoin price will nuliffy the difficulty.
The scenerio you describe is a worst case scenario and a possibility. The other possibility is the bitcoin price goes up to $20,000.
I think you didnt read it correctly. I am not describing a new scenario. i am pointing out the massive calculation mistakes in ur post. You mentioned "You have researched and found out it is still profitable" whereas, it is almost 50% loss if someone invests in Cloud Mining when the price stays where it is now.
Anyways, anyone who includes all the possibilities in calculation knows Cloud mining is a stupid investment.
Reason: If bitcoin goes 100k in 12 months, 8k investment today(buying 1btc) will give 100k return.
Whereas a 86thz hashflare will generate less than 1 btc. Meaning, buying and holding will give you a lot more profit than hashflare. If btc is only 20k by end of year, you might hardly break even because of maintenance fees.
All this calculations are under the assumption mining difficulty will be as same as last year. If it increases more than last year, it may end up in far lesser profits.
Yes this was a miscalculation on my part and this an earlier post. I have since updated in my later posts to say that cloud mining on hasflare is not profitable at this time. I recommend investors wait until bitcoin goes up to a higher number before considering investing.
Thank you for the feedback your information is appreciated.