While Cloud Mining companies offer similar services in different contract price, it is very interesting to know how actually their payout are. So take a look. Below are the data on the same day, and we will be comparing on 100 GH.
Please note that this is only my own statistics. I am not promoting cloud mining services.
Hashing24
I have a contract in 2000 GH/s that costs $26.95 per 100 GH. This is the Payout results:
- Mining: 0.00063366
- Maintenance: 0.00015291
- Income: 0.00048075
The Income for 100 GH = (0.00048075 / 2)/10 = 0.0000240375
Hashflare
I have a contract in 1000 GH/s that costs $1.20 per 10 GH. This is the Payout results:
- Mining: 0.00025637
- Maintenance: 0.0000808
- Income: 0.00017557
The Income for 100 GH = 0.00017557/10 = 0.000017557
Interpretation
Same GH
In the same amount of GH you have in each company, Hashing24 provide more payout. The difference are 36.91% more in Hashing24.
Per dollar
For the price 26.95 of 100 GH in Hashing24, the Hashflare power you can buy in 100 GH is 2.2458 times. (26.95/12)
Use 2.2458 to multiply by Income in Hashflare, 2.2458 x 0.000017557 = 0.0000394295106
For the same amount of money (26.95) you put in their contracts, the Income are below
Hashing24: 0.0000240375
Hashflare: 0.0000394295106
Hashflare is 64.03% more
Conclusion
When choosing Cloud Mining, I bought 20 times more hash power in Hashing24. But after I figure out the maths above, I will opt for Hashflare.
Rewards to me
I do NOT intend to generate referral income in the cloud mining companies. I just want to let everyone knows the maths I have calculated for myself, hope it is useful to you as well. If you find it useful, Vote Up below
I think most of you reading this has cloud mining accounts, so it is not useful anyway. But just in case you are going to buy cloud mining contracts and the above maths helped, you can reward me by using the link below to register an accounts and buy the contract amount you are comfortable to afford.
Hashing24 Affiliation Link (Shortened) https://goo.gl/TvTdei
The affiliation rewards in Hashing24 has been suspended, but it is nice to see how many of you joined after reading this story.
Hashflare https://hashflare.io/r/2FFB28B9
I believe they will give some rewards to me that is not take out from your pocket, but I am not sure how much they will give me. Anyway.
Thx for your sharing, compare hashing24 and hashflare which one more reliable for long term and trustful mining company
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think Hashing24 is more reliable because of Bitfury is listing H24 in their website. Hashflare is under Hashcoins which is also a hardware maker - I have less time with Hashflare.
Yet my calculation shown, on the next half-off reward expected sometimes 2020, the cost per day will higher than income and the contract mechanism kicks in, cancelling all the contract (if not kicked in earlier)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thx for your information. One more question :
Is hashflare a russian company ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Don't worry about that, they based in Estonia
I can say that they paying, more than a year for me, and I get positive ROI
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Which pool do you choose? It seems to me choosing Slush give out most
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
By the default, here's the screen (attached)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think no one knows for sure - they do have russian language web status page
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thx anyway
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Precisely, I mean I am not able to go to their office to confirm they are whom they said they are. They claim themselves based in Estonia in East Europe.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hashflare is paying the best but reliability is also a good indicator. Both genesis and hashflare have both been experiencing issues with their service. However, Hashflare pays a significantly larger amount than any other out there. I just get annoyed with Hashflare's withdrawal fee of 0.0007BTC and that's why some prefer Genesis because of automatic wallet payments.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do you think mining still generate an income? Let us know.
Follow me @Yehey
Thank you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The so-called "Income" in the sense of mining is not actually the income as an salary/wages. It is not even an investment because the actual things mining is about is to support the technology to work better, and the reward (the income) is just a thank-you-reward for supporting. When you write in steemit, do you think you write to generate money? or you write your view and as a reward other thanks you and the system give you some gift? This is all this is about. You can take a look at my updated story on the pay out. I am writing it right now to see if you will like to do cloud mining.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is truly remarkable.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Anyone interested 15-20% discount in hashflare mining contracts?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You should take in account Hashflare charge for electricity and maintenance now. You have to give like 30%! of mined BTC a day for that, example 0.00018 mained, you get 0.00012. So I don´t now how it is with Hash24 with extra fees
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Write me if you want to get 15% to 20% discount on hashflare mining contracts.
any questions: [email protected]
Thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit