Invest 500: Die Rich or Die Trying!! - Hashflare Mining Profitability Review
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1.-Golden Rules & Path to Follow
2.-Blockchain.info wallet & First Cloud Mining
3.-Cloud Mining--> Hashflare, Genesis & Wixminers
4.-High Risk High Returns: Iota & EOS
5.-Introduction to Bittrex
6.- Back From Holidays - Wixminers SCAM
7.-Coinreum is giving the desired results
8.-Hashflare mining and how to maximise discounts
9.-Keep Records of your Investments
Hashflare OWN profitability Numbers
The price of 1TH SHA-256 is $150. According to calculations, daily mining profitability is $1,44. Taking the maintenance and electricity fee into the account ($0.35 per 1TH per day), we get the following numbers:
$1,44 - 0,35 = $1,09 – daily contract profitability
$1,09 х 30 = $32,7 – monthly contract profitability
$32,7 х 12 = $392,4 – annual contract profitability
“So why should I care about all these boring numbers” and what does it all mean? Quite simple! This means that according to the current data, the return on investment time for any SHA-256 contract is just under 140 days, while the profitability is over 260% per year.
What would you do with these profits??
We have just reviewed our Hashflare investment, now le´t see how we should maximise our investment.
Stay Focus: What should you do know?
Really important to keep a cold business mind:
1.- We have to get our investment back in one year (ROI 12 months contract)
2.- We have to be able to grow the investment: Re-invest in mining
3- Enjoy the benefits!!!!
1.-Get our investment back
Hashflare offer us a year contract, so it is really important to plan to get our investment back. It could not be any easier:
If we invest 0,5 Bitcoin, after one year WE MUST HAVE 0,5 Bitcoin.
WE must keep at all costs every month 0,0417 Btc (0,5 Bitcoin / 12 months = 0,0417 Btc)
Do NOT plan to spend this money.
2.-Growthing the tree: Re-invest
We have to take into account our own personal needs and preferences here:
- Do you wanna spend it all to pay for the rent?
- Do you want to re-invest it all to earn as much as fast as possible?
-Do we keep a balance?
I just recommend you to keep the balance...
If we invested 0,5 Bitcoin, we should be mining... 0,126 Bitcoin a month
We keep 0,0417 ROI, so we have left... 0,0843 to play with.
My Balance: 70% enjoy, 30% re-invest (flexible, depends in my needs)
0,05901 goes to my Xapo card for daily spends (413 euros at 17/11/2017 prices ;-)
0,02529 to re-invest as to earn more next month and keep with increase difficulty.
Follow these steps AND YOU WILL BE A HAPPY WINNER
Enjoy Life To The Fullest
Before I go, you should look at theses too
Other Great articles to study...
From @jen8
https://www.google.com/url?q=https://steemit.com/cryptocurrency/%40jen8/if-you-had-usd500-to-invest-in-either-bitcoin-or-ethereum-each-month-what-would-you-do&sa=U&ved=0ahUKEwjY5vjnr8XXAhVF_KQKHa56AZ8QFggEMAA&client=internal-uds-cse&cx=011445933062884569876:-jmpkfnkicw&usg=AOvVaw0tB7DiNM7Wwhw_aabbIpf0
From @slywest
https://www.google.com/url?q=https://steemit.com/steemit/%40slywest/what-to-invest-500usd-in-right-now&sa=U&ved=0ahUKEwjY5vjnr8XXAhVF_KQKHa56AZ8QFggGMAE&client=internal-uds-cse&cx=011445933062884569876:-jmpkfnkicw&usg=AOvVaw1lBaIrDZrSdUnqK5hamMCR
From @jonboka
https://www.google.com/url?q=https://steemit.com/bitcoin/%40jonboka/if-you-had-usd-eur-gbp500-to-invest-in-a-cryptocurrency-today-what-would-you-choose&sa=U&ved=0ahUKEwjY5vjnr8XXAhVF_KQKHa56AZ8QFggKMAM&client=internal-uds-cse&cx=011445933062884569876:-jmpkfnkicw&usg=AOvVaw39UCbLRde5cX5sdsKh_fmZ
COINREUM
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- Albert Einstein
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