Hi Steemit!
So I wanted to talk to you today about whether it is a good investment to put any money into Hashflare or not.
Hashflare offers four different kinds of contracts. Here are the facts about them.
Bitcoin (SHA-256)
So, this seems to be the least profitable contract offered on the site. The main reason is that for every Terrahash you have to pay .35 a day in fees. So for example a $150 investment would yield about $160 after a year......maybe, because the difficulty is increasing! This is an example of when it is probably just better to buy and hold the BTC.
Litecoin - Paid in Bitcoin (Scrypt)
This is the best plan in my opinion and is one which I am going to be investing more in over the next few weeks.
This is an autopay plan, which while I may want to stock up on Litecoin is actually quite a good way to get some Bitcoin as it is much more profitable than the Bitcoin contract. While there is a daily fee of .01 cents per Megahash it is proportionally much lower than the fees for the bItcoin contracts of similar price. I bought $135 of this with an end of year payout of about $250 after deducting fees. A substantial advantage over the Bitcoin contract.
Dash (X11)
Another quite profitable contract although not as good as the one on Genesis since this contract is also a year. That being said I have invested $58 for 10 MH. A big bonus here is that there are no fees. So the prjection is that this will pay .68 Dash by the end of the contract so by today's price (which is low) it will pay out $115, so doubling my money, not bad at all! Although I believe that Dash will go back up a lot! See my Dash-White Gold Post
Ethereum (Ethash)
Also a one year contract with no maintenace fees which is cool, but Ethereum is getting harder to mine and this contract is more expensive. I paid $105 and I will get .75 Ethereum which at today's exchange rate is around $150, not so awesome really.
So as we can see the Scrypt contract is awesome and super profitable and the Dash X11 contract is also a worthwhile investment. The other two I cannot recommend.
Are you already mining on Hashflare? If not you should really check it out!
Follow this link and start investing - https://hashflare.io/r/4B0EA9A
Happy trading! Long live cryptos, long live the blockchain!
