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Topic: Bitcoin Cloud Mining with HashFlare - page 22. (Read 143074 times)

newbie
Activity: 28
Merit: 0
December 16, 2017, 11:10:28 PM
Just check out your payout history and you ll see the charged fees.
Thanks a ton i checked it out and was able to figured it out apparently the minimum withdrawal is 0.0107 btc and i havent reached that.
f4
member
Activity: 86
Merit: 10
December 16, 2017, 09:48:46 PM
Just check out your payout history and you ll see the charged fees.
newbie
Activity: 28
Merit: 0
December 16, 2017, 09:20:42 PM
Can someone please explain to me what the numbers on the left and right of this chart mean?  I though the left side of the graph was daily amount mined and the right side was total balance but why is the total balanced lower than the amount mined?  Have i already been hacked? LOL

https://imgur.com/OIGFpO4
newbie
Activity: 34
Merit: 0
December 16, 2017, 08:42:35 PM
Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?

Yes, calculators are way off. In the best case (and if Hashflare pays you all your profit) you will get no more than 0.25 BTC. You won't ROI only if Bitcoin drops below 10K or difficulty skyrockets in the next 3 months.

I think that there is no way to difficulty skyrockets, since it will take unconfirmed transactions with. UNLESS a new hardware shows up (like Ebit E10, Antminer S10, etc).
full member
Activity: 314
Merit: 100
I'm so poor I can't even pay attention
December 16, 2017, 06:08:17 PM
Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?

Yes, calculators are way off. In the best case (and if Hashflare pays you all your profit) you will get no more than 0.25 BTC. You won't ROI only if Bitcoin drops below 10K or difficulty skyrockets in the next 3 months.
calculators are off only becuz they hack the mechanism by adding and removing huge hash power, try calculate that
newbie
Activity: 2
Merit: 0
December 16, 2017, 05:47:55 PM
Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?

Yes, calculators are way off. In the best case (and if Hashflare pays you all your profit) you will get no more than 0.25 BTC. You won't ROI only if Bitcoin drops below 10K or difficulty skyrockets in the next 3 months.

Thank you.
sr. member
Activity: 700
Merit: 330
December 16, 2017, 05:35:16 PM
Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?

Yes, calculators are way off. In the best case (and if Hashflare pays you all your profit) you will get no more than 0.25 BTC. You won't ROI only if Bitcoin drops below 10K or difficulty skyrockets in the next 3 months.
newbie
Activity: 2
Merit: 0
December 16, 2017, 05:12:53 PM
Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?
full member
Activity: 314
Merit: 100
I'm so poor I can't even pay attention
December 16, 2017, 05:10:09 PM
Expected difficulty



This site shows incorrect information, do not trust it. On the next adjustment difficulty will not go down 16%, it will go up about 13-14%. Do you own calculations, calculate average block time manually from https://blockchain.info/blocks.

Expect at least 10% difficulty increase on each adjustment (on average), I would say 12-13% on each adjustment even more realistic.

Is it even worth it to buy hash power from cloud mining sites such as this one right now?
I don't see a point since hashpower is so low while your bitcoin value is so high.

Maybe when it was worth half as much two months ago and have it rise since then.
But not now.

It makes no sense to buy hashpower on most of the cloud mining sites. When 1 TH/s price is 400-500-900 dollars it is way too overpriced and just will not pay out in BTC (so you invest for example 0.5 BTC and get 0.25 BTC back, awesome, isn't it?). The price at Hashflare is $150 per 1 TH/s that will pay out and technically can bring some profit, but Hashflare is just not paying. Sad I believe they are going to scam people.
i got all payments, its understandable to not send 5 dollar payment when the network is congested and fees is rising, and lowest fee transaction takes 8 days
sr. member
Activity: 700
Merit: 330
December 16, 2017, 03:54:43 PM
Expected difficulty



This site shows incorrect information, do not trust it. On the next adjustment difficulty will not go down 16%, it will go up about 13-14%. Do you own calculations, calculate average block time manually from https://blockchain.info/blocks.

Expect at least 10% difficulty increase on each adjustment (on average), I would say 12-13% on each adjustment even more realistic.

Is it even worth it to buy hash power from cloud mining sites such as this one right now?
I don't see a point since hashpower is so low while your bitcoin value is so high.

Maybe when it was worth half as much two months ago and have it rise since then.
But not now.

It makes no sense to buy hashpower on most of the cloud mining sites. When 1 TH/s price is 400-500-900 dollars it is way too overpriced and just will not pay out in BTC (so you invest for example 0.5 BTC and get 0.25 BTC back, awesome, isn't it?). The price at Hashflare is $150 per 1 TH/s that will pay out and technically can bring some profit, but Hashflare is just not paying. Sad I believe they are going to scam people.
full member
Activity: 314
Merit: 100
I'm so poor I can't even pay attention
December 16, 2017, 03:40:29 PM
Is it even worth it to buy hash power from cloud mining sites such as this one right now?
I don't see a point since hashpower is so low while your bitcoin value is so high.

Maybe when it was worth half as much two months ago and have it rise since then.
But not now.
traders drive the price up and miners keep the network secure, and provide the translation of exchanges, choose who you want to be, trader/miner

For me, i wish i just held all my investments in bitcoin, but if i did that i would never have started them, it starts with an interest, and then you chose what you do, and you learn along the way, and settle for whats suits you.

Mining is up since price starts rise, and if it rise more it will get better. But if u trade the upside and sell at the top, you earn more money per dollar spent than mining.
member
Activity: 195
Merit: 41
December 16, 2017, 03:32:31 PM
Is it even worth it to buy hash power from cloud mining sites such as this one right now?
I don't see a point since hashpower is so low while your bitcoin value is so high.

Maybe when it was worth half as much two months ago and have it rise since then.
But not now.
full member
Activity: 314
Merit: 100
I'm so poor I can't even pay attention
December 16, 2017, 03:22:53 PM
Switching almost half of the entire mining network to BCH around the fork for a few days, was definitly the biggest swap of hashpower in Bitcoin history, and it is evident that the largest manufacturer of asics, Bitmain, was involved in that manipulation in order to pump BCH, causing Bitcoin an overfilled mempool of unconfirmed transactions.

This gave us almost 4 weeks of dropping difficulty, awesome times for mining BTC, but as BCH fixed their mining algorithm now, I guess we are back on track, and this looks like this



the image is difficult to read this is the 2-month chart



https://bitcoinwisdom.com/bitcoin/difficulty

Expected difficulty

f4
member
Activity: 86
Merit: 10
December 16, 2017, 05:28:24 AM
Switching almost half of the entire mining network to BCH around the fork for a few days, was definitly the biggest swap of hashpower in Bitcoin history, and it is evident that the largest manufacturer of asics, Bitmain, was involved in that manipulation in order to pump BCH, causing Bitcoin an overfilled mempool of unconfirmed transactions.

This gave us almost 4 weeks of dropping difficulty, awesome times for mining BTC, but as BCH fixed their mining algorithm now, I guess we are back on track, and this looks like this



full member
Activity: 314
Merit: 100
I'm so poor I can't even pay attention
December 16, 2017, 04:43:04 AM
Ya thought about that too, who knows how these huge mining centers in China, Russia, North Korea etc. are playing this game, but after all it actually doesnt make sense, as the average income and the average block generation time since the last retarget should be the same in relation to the next change.
That was was happened the last time for correction, we were in for a drop, then block time dropped from 14 minutes to 10, and then difficulty went up, all that hashpower is now going away again, makes perfect sense if u have huge stakes in making Bitcoin Cash the new Bitcoin. That's what i think they are up to.
It can be seen on the chart from your link. But ofc this can be haspower that is offline when not used, and not switched to BCH, but its clearly seen that Hashpower goes and come from BCH to BTC
f4
member
Activity: 86
Merit: 10
December 16, 2017, 04:36:46 AM
Ya thought about that too, who knows how these huge mining centers in China, Russia, North Korea etc. are playing this game, but after all it actually doesnt make sense, as the average income and the average block generation time since the last retarget should be the same in relation to the next change.

Before the last difficulty change bitcoinwisdom also estimated a two digit drop, I don't get why their forecast is always so terribly wrong, as it was one of the first websites to show the difficulty calculations at all.

https://fork.lol/pow/retarget

Was pretty accurate last time with +16%.
full member
Activity: 314
Merit: 100
I'm so poor I can't even pay attention
December 16, 2017, 04:27:38 AM
The drop from 16k phash to 12k phash in the last 24 h maybe remarkable, although I guess it is just a matter of time untill the next spike.

The current retarget estimate is still +15%, two days earlier that usual.
I think its part of the manipulation of the difficulty, i think they drop it now to be able to get the average mean higher so the difficulty goes up drastically again, after that, they withdraw their hashing power again, and repeats it.
We are due for a drop right now, not an increase:
Bitcoin Difficulty:    1,590,896,927,258
Estimated Next Difficulty:    1,328,621,131,354 (-16.49%)
https://bitcoinwisdom.com/bitcoin/difficulty

f4
member
Activity: 86
Merit: 10
December 16, 2017, 04:21:33 AM
The drop from 16k phash to 12k phash in the last 24 h maybe remarkable, although I guess it is just a matter of time untill the next spike.
The current retarget estimate is still +15%, two days earlier that usual.
The nice thing about hashflare is that fees are taken in USD, they constantly keep dropping with rising BTC prices.
full member
Activity: 314
Merit: 100
I'm so poor I can't even pay attention
December 16, 2017, 03:32:22 AM
Happy days
Hashrate falls as bitcoin rushes
Fees will go up but transactions will be delayed, instead, we may get a drop in difficulty next leg.

Hashrate      
      
1214 14800.09
1215 15116.6   2.138568076   %
1216 12977   -14.15397642   %
      


full member
Activity: 314
Merit: 100
I'm so poor I can't even pay attention
December 15, 2017, 11:13:12 PM
So... how to get money out of hashflare when they  suspended all new BTC withdrawals? Seems fishy right when their domain is about to expire... Even if its not an issue
ok dude i think you are fishy, now u go and send a lowest fee transaction and dont get back until it is confirmed, see you in 7-8 days, have a nice week. Since you cant make it faster, you are now suspected to be a total scam.
i have no idea why you name calling me? i have a concern but i guess no help here just aggression & name slapping.
u people who fail to understand what time a transaction takes, and call out scams can shut up for a while, don't come here expose you are noobs. Spend the time to learn something. I still think you are a total scam, and fishy, cuz u cant send low fee transactions in less than a week, in fact, no one can, but since you cant do it, you are a scammer.
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