I recently commenced cloud mining with Hashflare to help diversify my crypto investments. I’m working on a postbode about diversification, but I think it’s significant for anyone getting commenced with cryptocurrencies to spread their money out. With the newfound popularity of Bitcoin and other cryptos, there are lots of scams out there. Everyone is attempting to make a buck from our ignorance. Never waterput all of your money on any one webpagina or into any one cryptocurrency. There are just too many horror stories of exchanges or other crypto services disappearing or outright skipping town with their customers’ money.
Anyway, I’m researching all of the various ways to make money with cryptocurrencies and cloud mining is just one of them. Wij will certainly investigate the differences, but for now I’m just going to demonstrate what I’m doing on Hashflare.
When I very first commenced, I spent $150 for 1 TH (TeraHash) of SHA-256 mining power. (SHA-256 is how you mine Bitcoin and a hash is a measurement of processing power.) This amount will make you about $Two vanaf day. At about $60 vanaf month, you’ll have your money back te less than Three months. HashFlare recently limited their contracts from “lifetime” to 1 year which truly upset their existing customers. They are justifiably upset, but I understand the business decision. The equipment and most likely even this entire industry has a finite lifespan. To think you could buy a lifetime contract for this stuff is just a bit naive. So, you make your money back te Three months and have 9 months of profit. On a $150 investment, you end the year with $730. After accounting for your $150 investment, you profit $580. That might not sound like the Ten,000% increase you were thinking, but it’s more than you’ll make te just about any traditional investment.
Once I got the bug, I kept putting more money into the account. (Mostly from prior Bitcoin/crypto profits.) So, now I’m up to 6TH for $900. Sounds like a lotsbestemming, but I’m presently making $16 vanaf day. Honestly, $16 vanaf day doesn’t sound like much, but that’s $480 vanaf month. Te 60 days I will more than have paid for my investment. Te the remaining Ten months, I’ll profit about $Four,800. At those profit levels, I just can’t make the case to not invest more money here.
My actual instrumentenbord is below. The hashrate has updated to 6.09TH based on my latest purchase today, but the revenue estimate hasn’t yet updated.
My only warning would be that there is almost no transparency on this webpagina. Many people swear by HashFlare and note that they’ve bot around for several years. I say…yeah, Bernie Madoff wasgoed around for several years spil well. Spil I warned above, never waterput all of your eggs te one basket. Some of thesis sites are so sketchy that I would almost assume my money is gone spil soon spil I invest. The only thing stopping mij is the incredible upside. My recommendation is to get ter at an amount you’d be comfy losing and withdraw spil soon spil your balance meets the ondergrens requirements.
So, if you like making Trio to Five times your money ter a year, give Hashflare a attempt. And if you would like to support mij and this webpagina, please use the linksom on this pagina. If you sign up through them, I’ll get a puny referral toeslag. Always appreciated.
Stay tuned for a revisit when wij talk about the reinvestment option where you can compound your daily earnings. That’s where this math gets truly crazy.
** Update Jan, Three 2018 **
With the price of Bitcoin pulling down and the difficulty enhancing, my earnings outlook wasn’t looking spil good for the next year. However, the market recovered and my earnings are back up to par. Not fairly spil good spil they were but still a respectable terugwedstrijd on a sub-$1,000 investment. *Note that prices have gone up from $150/TH to $220/TH. So this would now cost about $1,430. Still profitable however.