HashFlare.io Review April 2018

Updated: 11 April, 2018 seen 596

Back at the end of 2017, I decided to give it a try to hashflare.io bitcoin cloud mining contract. I started small, bought some 0.2 TH/s hashing power. As of April 2018, I've increased the total hashing power to 1.46 TH/s.

Now, despite this is a seven-fold increase in less than a four months - my earnings made on Hashflare.io have decreased actually. Before calling Hahflare.io a scam site, I still believe the decrease has happened because of the increased mining difficulty and of course the huge loss the bitcoin price has seen since the December 2017. 

In today's article, I decided to compare is it still profitable investing in hashflare.io cloud mining contracts or probably it's easier just to buy and hold cryptocurrency from Coinbase

Disclosure:  This article contains affiliate links to hashflare.io cloud mining website and Coinbase.com, by clicking on links on this page and by making a purchase on hashflare.io, I will earn a 10% affiliate income at no cost to you.  If you are just planning to acquire your first bitcoin, consider to register at coinbase.com with this link once you buy or sell $100 (€85) of digital currency or more, we will both get $10 (€8) of free bitcoin.

Also, I'm not a financial advisor and I don't give financial advice, instead I'm sharing my own experience or observations. Investments in stocks, funds, bonds or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset. 

I should note that I have been exposed to crypto investments since the second part of 2017, at the start with the simple buy and hold, later experimenting with day/swing trading, extending to building a custom GPU mining rig and last, but not least - investing in cloud mining contracts. 

For today's article, I decided to calculate what would be the ROI for a $1,200 investment on Hashflare.io bitcoin cloud mining contract for a one year.

With $1,200 we could buy 10TH/s hashing power. For further calculations, I will take live data as on April 10, 2018

  • Payout per 1 TH/s = 0.00006927659
  • Maintenance fee for 1 TH/s = 0.00005158865

Now, let's do the math (assuming nothing changes in a year)

  • Payout 10*0.00006927659*365 = 0.2528595535 BTC
  • Maintenance fee: 10*0.00005158865*365 = 0.1882985725 BTC

Profit: 0.064560981 BTC

If converted back to USD that would give us just $442.57, taking into consideration that bitcoin cloud mining contract would expire after one year - we have lost $757. 

Now, these calculations are just for illustrative purpose as we don't know how mining difficulty will change and of course, we don't know the price for BTC in April 2019. Assuming that mining difficulty stays the same for the next 365 days, we should need to have  BTC price at around USD 18,590 a year later just to break even. Not to speak about profit.

The Bottom Line

That said, bitcoin cloud mining contract from Hashflare.io doesn't look like a good investment in April 2018. What about you - have you been investing in cloud mining contracts lately? Leave a comment, readers and I would love to hear.


Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.