Hello all!
It has been a little over 2 weeks since my previous article comparing Browser Mining and Cloud Mining and I had not checked on my Hashflare Account in a while.
So today I decided to check and see how my mining contract has been doing.
Well surprise!
I actually haven't had a payout in 9 days, the reasoning is posted at the top of my account page:
"Dear users,
Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible."
After reading that I checked the Buy Hashrate Tab and the only Algorithm that is currently being sold is Ethash. All other Algorithm Sales have been disabled due to this issue.
Pricing on Ethash is not forgiving either. You can buy 22 MH/s for a whopping $396. You can get a similar hashrate by buying a GTX 1060 for around $225 - $250 on Newegg (and it has other uses).
While I am here and on the topic of Mining, let's check in on my CryptoTab Balance
Needless to say it is performing much better.
Happy Earnings!