Just bought my first Hashflare contract!!
After a lot of thought and research I finally jumped in to the cloud mining world. I only bought .930TH of SHA256 mining but it is just the start. My plan is to reinvest weekly and grow hashpower slowly until I reach a stable weekly income. I also plan on making larger investments once I can liquidate my other cryptocurrency investments.
Join me!! https://hashflare.io/r/B8AC4899
I've been looking into cloud mining contracts for a while now, but I was put off by the poor return on investment. What kinda return are you expecting over the first 12 months out of interest?
Welcome to Steemit btw!
So I did a quick calculation and on average I should see about a .5% daily interest payout at current price levels. So I guess if I compound the payouts and reinvest it, I'm expecting a 200-300% ROI each year. My strategy is to build enough income to say cover a mortgage.
That's interesting, I'll hope on over to hashflare with your link and take a look. Cheers!
can you describe how this actually works?
Basically you sign up for an account and select the type of hashing power that you would like to mine. In this case I selected SHA256 which is predominantly bitcoin mining. You slide the meter over on how much hashing power that you would like to purchase. You then select checkout (like a shopping cart) and purchase the hashpower. This can be done with Bitcoin, credit card, or payoneer. Very simple and exciting.
Then each day you get a bitcoin payout based on how much you have mined.