I hope to make more clear for you if Hashflare is the correct Could Mining company for you.
My experience with Hashflare
For some time (maybe 4 years) I’ve around Bitcoin and other cryptos mining but only more recently I decided to invest.
Why I took so long to start mining?
First, start a mining operation in Portugal or Italy (where I live) is not profitable because of the electricity price.
Second, I guess for some time I was concerned with the online Cloud Mining Scams. A couple of years ago, the internet was flooded with bad comments about cloud mining accusing most of the companies of being scams. Even nowadays, there are a lot of people at BitcoinTalk that say that Genesis Mining is a Scam while Genesis Mining is the biggest mining cloud operation in the planet. 100% legit.
Now that I made a really deep research work, I’m sharing some information that some of you may now but others not.
Why I choosed Hashflare as my main cloud mining investment
Hashflare is a cloud mining company (maybe the second biggest) with headquarters in Estonia. It was founded in June 2013 under a company with the name Hascoins.
Hashflare mining operation location is not known for safety reasons. However you can check photos of their mining operation on their Instagram profiles:
https://www.instagram.com/hashcoins/
https://www.instagram.com/hashflare.io/
You can also check that the company exists here:
I’m just sharing this to the guys that just arrived to the mining market because for me it is pretty clear that they are a robust company.
Well, let’s move to the next chapter
Hashflare mining contracts
Hashflare offers excellent ROI - Return on Investment in the following mining contracts: Scrypt, Sha-256, Ethash, Equihash e X11. At least, comparing with other mining companies, the price of the hashpower is pretty good.
At Hashflare you can try to follow the diversification strategy: split your investment into different mining contracts, mining different cryptos and not only Bitcoin.
If you have a long term investment view, with the diversification you raise you exposure to other cryptocurrencies that may grow in the future. In the long term I believe pretty much that currencies like Ethereum, Dash and Bitcoin will increase a lot their value.
This is the allocation that I’m actually using at Hashflare. However I plan to increase SHA-256 investment once I concluded that this contracts should be the most profitable and with the best ROI and payback period. At the same time I’m a believer. I believe as much as John McaFee that Bitcoin price will it $ 500 000!
At this moment, it looks that X11 (Dash) are more profitable BUT you need to have into account that X11 and ETASH contracts at Hashflare are 1 year term contracts! In the other hand, SHA-56 contracts are lifetime contracts. This means that as long as the contracts are profitable they will be mining for you (and i believe they will keep profitable for a long time once the growing mining difficulty is usually accompanied by the Bitcoin growing price.
Other advantage at Hashflare is that you can actually choose you SHA-256 mining pools allocation! This is pretty cool because their are some pools more efficient than others and you as client can choose what’s best for you. This is my pool allocation at the moment.
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What’s Hashflare ROI
This is important to make your investment decisions. Please don’t trust 100% on those online mining calculators.
Well, translating, you need to understand that the ROI of each mining contract is attached to the value of the cryptocurrency that he is mining. However, it looks that the best ROI belongs to X11 mining contracts. Why? I still need to figure out why while i do the math with the mining calculator the best mining contract is SHA256 while in the reality X11 looks the best.
Please don’t forget that X11 is 1 year contract.
I’m a truly believer that with the correct strategy you can get 100% ROI in the first year. HOWEVER I also believe I didn’t found that strategy yet.
I will keep you updated about this.
By the way, you can start mining at Hashflare with investments as low as $2 so… you don’t need to wait a lot to try right?!
And if you use my discount code you will get 3% off: FDE616B8.
By the way. This articles may interest you:
Could Mining BTC, DASH, ETH - Best ROI Strategy: https://steemit.com/cryptocurrency/@bitatlas/could-mining-btc-dash-eth-best-roi-strategy
Cloud Mining ROI - What if Difficulty DOUBLEs: https://steemit.com/cryptocurrency/@bitatlas/cloud-mining-roi-what-if-difficulty-doubles
Cloud Mining ROI - Compare them ALL: https://steemit.com/cryptocurrency/@bitatlas/cloud-mining-roi-compare-them-all
Hey, do whatever you think this post is woth oki? :)
hi, i have been mining with hash flare since dec 2015. its been more than a year and i have not faced any kind of issues. i started with 150$ in sha256 and 100$ in script. since then i have been repurchasing and also withdrawals at intervals. im happy with hash flare now i have 5.4ths power in sha256 mining about 4.5$ worth bitcoin per day.
That's really nice! Do you think that the increase of Bitcoin mining difficulty lower your revenue or it is compensated by the growing Bitcoin price?
Contact us at
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if you wanna get 20% off on the HashFlare mining contracts.
Good review. There are many of factors to consider before getting in, but at such a low entry level-why not get your feet wet? With the troubles at Genesis mining this could be a nice option. Just be sure you understand the fees and terms. Good luck! F+R
Agree, there's so much things to consider... I guess people really have to do their homework and a lot of math before do serious investments Cloud Mining.
Do you invested at Genesis?
I've invested into Genesis Mining in ETH and XMR, but don't find it very good. Well, the difficulty in ETH went up so much that I probably won't get the money back. I wrote up results of my first month (second month results will be published soon). You can check here:
https://steemit.com/genesis-mining/@gmt117/genesis-mining-1-first-month-of-eth-mining-results
https://steemit.com/genesis-mining/@gmt117/genesis-mining-2-first-month-of-monero-xmr-mining-results
By the way... I was checking your profile, do you enjoy Ayn Rand?
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good information. that makes me want to get in the mining business.
thanks