Saturday, February 24, 2018

Hashflare Lowers Bitcoin Mining Contract Prices 18%

This morning I logged in to my Hashflare cloud mining account to check on its activity. I have my account set to reinvest all of the Bitcoin that I am receiving via my mining contracts, and since as of late the account has been adding one contract every three days, I knew that this morning I would have another one in there.

I did, but I also noticed that I had far more of a residual Bitcoin balance in my wallet than I expected.

I checked my account history to see if maybe I had received a referral commission. It wasn't that, but while looking I noticed that my latest reinvestment cost $1.80 instead of the $2.20 that I'm used to.

I jumped over to the Hashflare pricing screen, and sure enough...

They lowered the price per 10 gigahash contract by 18%!

Right now, running the numbers through the CoinWarz Bitcoin mining calculator and subtracting the daily .0035 cent USD "maintenance and electricity fee" that Hashflare charges per 10 GH contract shows that at current rates, these contracts would return 31.8% over their one-year term. This isn't as great as at times in the past that I purchased these contracts at the higher price that I'm used to, but this is also reflective of the current price of Bitcoin and the state of mining on the network generally. In other words, it could improve dramatically.

If you think you would like to give Hashflare a try, or just take a look around and see what it's all about, please use my referral link to get there. Thanks in advance!

No comments:

Search Paul E.

Disclosure Policy - Privacy Policy
jenna jameson chasey lain tera patrick briana banks sunny leone lanny barby stefani morgan savanna samson monique alexander cassidey