Hashflare is resuming Bitcoin Mining Contracts

in #steemit • 8 years ago

In one of my Previous Posts about Hashflare I did mention that something felt off as the Mining Power was not deducted from my Dashboard. I also did hear that Hashflare were in talks about Resuming our Contracts but I did not expect it to be so early.

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Yesterday I received an email from Hashflare saying that after having a lot of discussions they have decided to resume all our Mining contracts.

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My initial thought was awesome but then I double checked everything by going on their Twitter handle and Facebook which both said the same thing. Finally, I was relieved to hear this, although I don't have a lot of Time as my Contracts are about to expire in November, I am happy for all the guys who are relieved to hear this news.

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#life #lifestyle #busy #bitcoin
8 years ago in #steemit by
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     8 years ago 

    Can you give me a quick rundown on how contracts work and what the payouts are like based on a theoretical investment.

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       8 years ago (edited)

      To be honest Buying Bitcoin Mining contracts are not Profitable on Hashflare anymore.

      If you are interested in Cloud Mining I can refer you to a more Profitable and reliable site.

      Now Bitcoin Mining works in two parts. First you Buy a BTC Mining Contract for a certain sum. This will give you daily Payouts depending on the current BTC Mining Difficulty. Here is a Calculator where you can calculate.

      But for BTC Mining contracts they take some Maintenance Fees for Electricity and other purposes but this Fees is paid in USD so if Bitcoin Price is dangerously low than the amount of BTC mined per day gets lower than the maintenance fees which may result in contract cancellation.

      As for payouts I am getting around 10 cents per Th/s per Day of Power which is pretty low but when BTC price was around 20000 USD I used to get 1.5 USD per Th/s per Day so if BTC price increases it is very profitable.

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       8 years ago 

      You got a 18.83% upvote from @minnowvotes courtesy of @arunava!

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         8 years ago 

        You got a 3.68% upvote from @upme thanks to @arunava! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).

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           8 years ago 

          In fact that is excellent news! So you should not withdraw your money and lose the contracts you made on those pages :)

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             8 years ago 

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