9 January, 2022 seen 4,117I first heard about bitcoin Visa cards back in the Summer of 2017, when opted into crypto craze (strong buy and hold…
Hashflare is the latest addition to my investment portfolio and currently the smallest one, also I feel really surprised seeing its great performance after just first 5 days of operations. It is something I didn't expect.
I decided to open a test account on Hashflare on December 20, 2017, and invested $50.60 to purchase hashing power of 0.23 TH/s, see: I Just invested $50.60 in Hashflare.io Cloud Mining
HashFlare.io (Affiliate link here - if you will click, register and decide to invest, I might earn 10% commission from that) - Estonia based cloud mining company
Please note - I'm not a financial advisor, services mentioned in this article use at your own risk and remember your capital is at risk, you could lose some or all of your money.
I've started already upgrading my initial 0.23 Hashrate to 0.26 TH/s thanks to the one referral signup I got last week. As of right now, the minimum upgrade for Bitcoin cloud mining on Hashflare is 0.1 TH/s for $2.20
For the past 5 days, the average daily payouts has been $0.48 - $0.53
Each new upgrade (additional investment) makes a new contract (currently for a one year). Right, now I'm in the accumulation phase of hash power, looking to grow it by 9TH/s by the end of 2018. But let's see how does it go.
Five days ago my plan was to use a dollar cost averaging and purchasing additional 0.1TH/s hashing power each month at a cost of $22/mo and also to reinvest all profit for the next 12 months - until December 2018 and came up with the following table.
Today, I can see that probably this is a great plan, but it excludes and option to actually withdraw any funds from Hashflare, just reinvest, reinvest, reinvest - I believe we should take out some money sometimes as well, and that's why I decided to reinvest just 50% of monthly profits in purchasing additional hashrate and withdrawing other 50%.
As of today, minimum withdraw on Hashflare is 0.05 BTC (I believe in normal circumstances it's 0.01 BTC)
Hashflare withdrawal information
Depending on what will be the withdrawal limits at the end of 2018 (a time when my yearly contracts will start to expire) - directing about 50% of profits to withdrawals seems a good option.
As the matter of fact, if withdrawal limits are kept at 0.05 BTC at the end of 2018, it could be even impossible for me to withdraw at current rates and without reinvestment.
It should be noted that earnings on Hashflare are made in BTC, so the total value of earnings in USD depends on BTC/USD exchange rates. If BTC goes up in value, so do earnings in USD, if it goes down, so do earnings in USD.
Also, it should be mentioned that hashflare takes $0.0035/daily maintenance fee for every 10GH/s - which is about $0.08 daily