Hello guys,
I have started using Hashflare a while ago at the suggestion of a friend. I was a bit skeptical regarding Cloud Mining since I heard about the Genesis Mining problems and people referred to these cloud mining websites as Scams.
I have started out a bit shy with a few MH purchased for Ethereum and a few for Scrypt mining.
My logic was that the Scrypt income can be reinvested in more power.
The Ethereum speed is purchased and it is a 1 year contract, meaning that from the date your purchased it you can mine with that speed and after exactly 12 months, that hashrate will be removed and you will have to start all over. The upside of the ETH mining speed is that you do not have to pay for the power consumption.
So, I decided to invest in Scrypt too, because that is a lifetime contract, meaning that it will not be removed. Another upside for Scrypt mining is that you get rewarded in BTC and you can reinvest them in other crypto mining hashes (such as ETH, Dash etc), without investing from your own pocket. You simply reinvest the profit you got from the mining process.
Just so you make a clear idea about the mining potential, here are my stats:
Scrypt investment: 37 MH/s = 499.5$ ( 13.5$ per MH ).
At the moment it currently mines:
Daily: 0.00050156 BTC = 2.29 USD
Weekly: 0.00351092 BTC = 16.03 USD
Monthly: 0.0150468 BTC = 68.69 USD
6 Months: 0.0902808 BTC = 412.13 USD
1 Year: 0.1830694 BTC = 835.70 USD
Ethereum investment: 15.4 MH/s = 338.8$ ( 22$ per MH ).
At the moment it currently mines:
Daily: 0.00322991 ETH = 1.21 USD
Weekly: 0.02260937 ETH = 8.46 USD
Monthly: 0.0968973 ETH = 36.24 USD
6 Months: 0.5813838 ETH = 217.43 USD
1 Year: 1.17891715 ETH = 440.90 USD
The amount mined by ETH mining has dropped due to the recent increase in the ETH mining difficulty. It was previously over 2.5$ before the difficulty rise.
The withdrawals have always been on time and have been confirmed pretty fast. So i had no issues in getting my crypto coins to my wallets when issuing a payout.
I have posted a screenshot with some of the payouts. You can add a withdrawal request daily if you want. That is what i did, issuing smaller payouts as I did not want to risk anything when I was skeptical about Hashflare.
I hope this helps you out if you have any doubts about cloud mining.
If any of you would like to join Hashflare, you can do so by using my referral link ( it will give me a 10% bonus from the amount you invest ).
