Wich pools are u guys doing? I do 55 TH/s: 75/25 Antpool/F2pool now.
I tried different combos to no avail, i do 100% Antpool
Topic: Bitcoin Cloud Mining with HashFlare - page 24. (Read 143042 times)
I tried different combos to no avail, i do 100% Antpool
They finished their maintanance I guess.. Dıd they fix withdraw issue and other issues? There is no any warning, note or anything on the top of the site?
Wich pools are u guys doing? I do 55 TH/s: 75/25 Antpool/F2pool now.
Now as we understand that difficulty follows price (in a economical sense of course, not in a direct technical sense like its linked to the blockchain) and other miners can switch to different SHA-256 coins or sell their hardware, but hashflare users are stuck with it for a year, it is a speculation on stagnating or dropping BTC prices.
Because you cant bring in new hardware as fast as new money the difficulty usually follows with a delay, and with the recent price change and all the new hashrate I doubt there will be a ROI with hashflare at all.
Because you cant bring in new hardware as fast as new money the difficulty usually follows with a delay, and with the recent price change and all the new hashrate I doubt there will be a ROI with hashflare at all.
For sure i have already said that before, but i cant repeat everything i have said when i say something 
Once u have a miner you have to run it since u already pay for it, the power cost is a smaller portion than the profit, so its highly unlikely that someone turns off their miner once they have it, just like in Hashflare, once u have the contract, it cant be turned off, you have it for better or worse.
The difficulty will rise until the weak hands is flushed out, aka fast profit seekers. Might take years.
Once u have a miner you have to run it since u already pay for it, the power cost is a smaller portion than the profit, so its highly unlikely that someone turns off their miner once they have it, just like in Hashflare, once u have the contract, it cant be turned off, you have it for better or worse.
The difficulty will rise until the weak hands is flushed out, aka fast profit seekers. Might take years.
Only, when you earn less then the power costs, you will stop using it. And when it is more profitable using it for another coin (like bitcoin cash) you will stop using it on the bitcoin network. In both cases difficulty will drop.
But due to the high price it will take quite some time before the first will happen.
For sure, but most are stuck in what they got, not too many have their own Antminer S9 to choose as they please with.
Its quite unlikely the price will drop, i wont bite my nails so much for that
For sure i have already said that before, but i cant repeat everything i have said when i say something
Once u have a miner you have to run it since u already pay for it, the power cost is a smaller portion than the profit, so its highly unlikely that someone turns off their miner once they have it, just like in Hashflare, once u have the contract, it cant be turned off, you have it for better or worse.
The difficulty will rise until the weak hands is flushed out, aka fast profit seekers. Might take years.
Once u have a miner you have to run it since u already pay for it, the power cost is a smaller portion than the profit, so its highly unlikely that someone turns off their miner once they have it, just like in Hashflare, once u have the contract, it cant be turned off, you have it for better or worse.
The difficulty will rise until the weak hands is flushed out, aka fast profit seekers. Might take years.
Only, when you earn less then the power costs, you will stop using it. And when it is more profitable using it for another coin (like bitcoin cash) you will stop using it on the bitcoin network. In both cases difficulty will drop.
But due to the high price it will take quite some time before the first will happen.
Quote from: Steffoboy
Mining is not affected by the current price in no way shape or form
The correlation of the Bitcoinprice and the Mining-Difficulty is one of the most obvious things, that has been there for the past 8 years, for very simple reasons.
If you dont understand that inform yourself, I really dont want to discuss that or explain the most basic things to you.
Like Steffoboy technically it is in NO way related.
But psychologically it is: when bitcoin price rises, people are interested in buying hashrate, so more hashrate, so more difficulty.
When bitcoin price drops, some people see the power costs growing and decide to stop mining (and/or start mining bitcoin cash for example), so less hashrate available, so less difficulty.
So I think you are both right, but in different ways.
Once u have a miner you have to run it since u already pay for it, the power cost is a smaller portion than the profit, so its highly unlikely that someone turns off their miner once they have it, just like in Hashflare, once u have the contract, it cant be turned off, you have it for better or worse.
The difficulty will rise until the weak hands is flushed out, aka fast profit seekers. Might take years.
Quote from: Steffoboy
Mining is not affected by the current price in no way shape or form
The correlation of the Bitcoinprice and the Mining-Difficulty is one of the most obvious things, that has been there for the past 8 years, for very simple reasons.
If you dont understand that inform yourself, I really dont want to discuss that or explain the most basic things to you.
Like Steffoboy technically it is in NO way related.
But psychologically it is: when bitcoin price rises, people are interested in buying hashrate, so more hashrate, so more difficulty.
When bitcoin price drops, some people see the power costs growing and decide to stop mining (and/or start mining bitcoin cash for example), so less hashrate available, so less difficulty.
So I think you are both right, but in different ways.
Quote from: Steffoboy
Mining is not affected by the current price in no way shape or form
The correlation of the Bitcoinprice and the Mining-Difficulty is one of the most obvious things, that has been there for the past 8 years.
If you dont understand that inform yourself, I really dont want to discuss that or explain the most basic things to you.
Explain it like I’m Five – Bitcoin Mining Difficulty Level
"The Bitcoin network varies its difficulty levels after the discovery of every 2016 blocks to ensure a constant output. If the network hash rate is high and the time taken to discover a new block is less than 10 minutes, then the network will increase the difficulty level proportionately to increase the block discovery time. If the block discovery time is more than 10 minutes, then the same protocol will reduce the difficulty level."
http://www.newsbtc.com/2016/04/17/bitcoin-difficulty-level/
Hint = 10 minutes = 600 Seconds
Quote from: Steffoboy
Mining is not affected by the current price in no way shape or form
The correlation of the Bitcoinprice and the Mining-Difficulty is one of the most obvious things, that has been there for the past 8 years, for very simple reasons.
If you dont understand that inform yourself, I really dont want to discuss that or explain the most basic things to you.
Quote
So it's pretty clear no one will make a ROI with hashflare if the price of Bitcoin doesnt drop dramatically.
Totally wrong, if bitcoin price goes down, profitability goes down with it, since u get lesser for every piece of bitcoin you mine, its the difficulty that has to go down, which is not likely to happen since they screw with the mechanism, see my earlier post.
Mining is not affected by the current price in no way shape or form, its the hashpower in the system and the block time that is the mechanism, it adjusts so the block time should stay at 600 seconds at any given hashrate, nothing to do with the price.
Bitcoin Difficulty: 1,590,896,927,258
Estimated Next Difficulty: 1,328,621,131,354 (-16.49%)
https://bitcoinwisdom.com/bitcoin/difficulty
Difficulty History
Date Difficulty Change Hash Rate
Dec 06 2017 1,590,896,927,258 18.11% 11,388,083,790 GH/s
Nov 24 2017 1,347,001,430,559 -1.28% 9,642,211,820 GH/s
Nov 10 2017 1,364,422,081,125 -6.09% 9,766,913,694 GH/s
Oct 26 2017 1,452,839,779,146 21.39% 10,399,832,230 GH/s
Oct 15 2017 1,196,792,694,099 6.49% 8,566,975,802 GH/s
Oct 02 2017 1,123,863,285,133 1.85% 8,044,926,758 GH/s
Sep 18 2017 1,103,400,932,964 19.58% 7,898,451,536 GH/s
Sep 06 2017 922,724,699,726 3.89% 6,605,120,681 GH/s
Aug 24 2017 888,171,856,257 -3.80% 6,357,781,793 GH/s
Aug 09 2017 923,233,068,449 7.32% 6,608,759,726 GH/s
Jul 27 2017 860,221,984,436 6.92% 6,157,708,817 GH/s
Jul 14 2017 804,525,194,568 13.53% 5,759,015,666 GH/s
Jul 02 2017 708,659,466,230 -0.43% 5,072,782,052 GH/s
Jun 17 2017 711,697,198,174 4.85% 5,094,526,985 GH/s
Jun 04 2017 678,760,110,083 13.90% 4,858,754,124 GH/s
May 23 2017 595,921,917,085 6.42% 4,265,775,241 GH/s
May 10 2017 559,970,892,891 7.28% 4,008,427,786 GH/s
Apr 27 2017 521,974,519,554 0.22% 3,736,439,151 GH/s
Apr 13 2017 520,808,749,422 4.24% 3,728,094,244 GH/s
Mar 30 2017 499,635,929,817 5.03% 3,576,533,297 GH/s
Mar 17 2017 475,705,205,062 3.24% 3,405,230,497 GH/s
Mar 03 2017 460,769,358,091 4.54% 3,298,315,540 GH/s
Feb 18 2017 440,779,902,287 4.41% 3,155,225,442 GH/s
Feb 04 2017 422,170,566,884 7.43% 3,022,014,630 GH/s
Jan 22 2017 392,963,262,344 16.64% 2,812,940,600 GH/s
Jan 10 2017 336,899,932,796 6.05% 2,411,623,656 GH/s
Dec 28 2016 317,688,400,354 2.43% 2,274,102,150 GH/s
Dec 15 2016 310,153,855,703 8.16% 2,220,167,778 GH/s
Dec 02 2016 286,765,766,821 1.76% 2,052,749,317 GH/s
Nov 18 2016 281,800,917,193 10.68% 2,017,209,539 GH/s
Nov 05 2016 254,620,187,304 0.40% 1,822,642,296 GH/s
Oct 22 2016 253,618,246,641 -1.90% 1,815,470,125 GH/s
Oct 08 2016 258,522,748,405 7.17% 1,850,577,916 GH/s
Sep 25 2016 241,227,200,230 6.82% 1,726,771,560 GH/s
Sep 12 2016 225,832,872,179 2.30% 1,616,574,667 GH/s
Aug 29 2016 220,755,908,330 1.56% 1,580,232,344 GH/s
Aug 15 2016 217,375,482,757 7.67% 1,556,034,316 GH/s
Aug 02 2016 201,893,210,853 -5.43% 1,445,207,896 GH/s
Jul 18 2016 213,492,501,108 0.04% 1,528,238,850 GH/s
Jul 04 2016 213,398,925,331 1.88% 1,527,569,009 GH/s
Jun 21 2016 209,453,158,595 6.83% 1,499,324,110 GH/s
Jun 08 2016 196,061,423,940 -1.63% 1,403,462,340 GH/s
May 24 2016 199,312,067,531 2.60% 1,426,731,353 GH/s
May 11 2016 194,254,820,283 8.73% 1,390,530,167 GH/s
Apr 28 2016 178,659,257,773 -0.01% 1,278,892,782 GH/s
Apr 14 2016 178,678,307,672 7.09% 1,279,029,147 GH/s
Apr 01 2016 166,851,513,283 0.82% 1,194,369,655 GH/s
Mar 18 2016 165,496,835,118 4.46% 1,184,672,491 GH/s
Mar 04 2016 158,427,203,767 -3.10% 1,134,066,098 GH/s
Assuming the mining-diffculty won't change over the next 12 months you might be correct.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
Looking at the level of difficulty here https://bitcoinwisdom.com/bitcoin/difficulty, by the way, our profits will be eaten in 6 months by the increased difficulty.
im sure its the Chinese over at bitcoin cash flipping their mi8ning power to try to fuck bitcoin up, the difficulty is set to DROP 16.49% right now, since block time is 13.7 but im sure we will see block time fall to 10 minutes again and instead it goes up. Cant go on like that forever, since more and more hash is added, but the drawback is that the same people running Bitcoin Cash has the production of the Antminer equipment.
Assuming the mining-diffculty won't change over the next 12 months you might be correct.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
Looking at the level of difficulty here https://bitcoinwisdom.com/bitcoin/difficulty, by the way, our profits will be eaten in 6 months by the increased difficulty.
speculative ... did you see how the next change in diff is -15% ?
Bitcoinwisedom is a great site, as it has been around almost forever, but their statistics are misleading, as they show the average of the last 504 blocks in hashrate, blockgeneration time etc. their difficulty estimate always turns out to be totatally wrong.
To see the current hashrate you should visit
https://blockchain.info/de/charts/hash-rate
or
https://fork.lol/pow/hashrate
The difficulty increase over the last year was around 500%, if the difficulty always goes up +13% for the next ~25 changes in the following 12 months thats +1600% overall and even in this case hashflare investors would break even.
But at the moment difficulty is increasing way more than that, with 18% on the last change and an estimate of +23% for the next one.
https://fork.lol/pow/retarget
So it's pretty clear no one will make a ROI with hashflare if the price of Bitcoin doesnt drop dramatically.
And, what kind of statistics are you talking about?
On many pool mining sites -you can view who is contributing the most hash power in a list (many could put users as anonymous) but idk it would be cool to see total 'sold / active hash rate' by users.
I made a quick count, from the middle of the year to here, we had a 106% increase in difficulty.
And, what kind of statistics are you talking about?
And, what kind of statistics are you talking about?
Assuming the mining-diffculty won't change over the next 12 months you might be correct.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
Looking at the level of difficulty here https://bitcoinwisdom.com/bitcoin/difficulty, by the way, our profits will be eaten in 6 months by the increased difficulty.
speculative ... did you see how the next change in diff is -15% ?
is there any page that shows the stats of hashflare users ?
Assuming the mining-diffculty won't change over the next 12 months you might be correct.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
Looking at the level of difficulty here https://bitcoinwisdom.com/bitcoin/difficulty, by the way, our profits will be eaten in 6 months by the increased difficulty.
How about payouts? I mean real payouts, not balance on their website? Purchased yesterday 5th, sent with bitcoin, everything fast and rolling, but i have heard now from local guys, that they dont pay.
Any experience with this?
Any experience with this?
Assuming the mining-diffculty won't change over the next 12 months you might be correct.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
But with a 10-20% difficulty increase every two weeks, it's hard to say if you will break even at all in the whole 12 months.
Alright thanks mate. If someone else could confim that the only fees we're paying are Maintenance fees that'd be awesome.
Also, regarding the pools, where do I have the option of chosing the pool I'd like to join ? I can't find it on my dashboard
Also, regarding the pools, where do I have the option of chosing the pool I'd like to join ? I can't find it on my dashboard
Pool fees are paid before the pool pays hashflare, so from the amount you see you only take off the maintenance fees (0.35$ /th) and you get your netto amount.
Right so how can I exactly calculate my expected ROI using a website like https://www.coinwarz.com/calculators/bitcoin-mining-calculator/ ? Is there a way to find out how much the pool fees are before actually buying some hashpower on Hashflare ?
Also, regarding the maintenance fees. Say I buy 7TH/s of Sha-256 for $1050. With the maintenance fees being $0.0035/GH (which in turn is $3.5/TH), am I correct assuming that the only maintenance fees for the whole duration of the contract (1year) will be 3.5*7 = $24.5.
Here you have a list with pool comparisions and fees. https://en.bitcoin.it/wiki/Comparison_of_mining_pools
But i'm not so sure if it's up to date. it would be best if you check on the pool's sites cause sometimes they change fees.
the fee is actually 0.35$ / terahash / day. so for 7 th/s you would pay 2.45$ in maintenance fees per day.
Thanks, appreciate the help. That changes the equation quite a lot!
Back to my 7H/s, $1050 for 1 year contract.
Only fees I could find on the website were the slush ones, which are 2%
Using the calculator here https://www.coinwarz.com/calculators/bitcoin-mining-calculator with 0.02 in mining fees and $1000 (contract value) + 0.35*7*365 ($894.25) = $1894.25 in hardware cost, we can see that the profits over a year is $4786.37 with around 145days needed to break even.
Is it correct ?
edit: Damn, forgot to remove the electricity cost. Without the electricity costs the profits over a year is $7063 with 98days needed to break even !
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