This I going to be a series of cloud mining updates. I am going to invest a small amount in to different cloud mining sites to see if they do payouts. And how profitable they are.
HASHFLARE CLOUD MINING
I will post weekly updates of my Hashflare cloud mining.
When Bitcoin hit all time high I went all in on cloud mining. I bought 65 T/Hs on Hashflare for 9500$, with today’s pricing it will cost you 14300$ - 220$ per T/Hs - I still believe that is profitable with the new pricing, and I am reinvesting half of my profit.
I did 2 withdraws of 0.05 BTC, first withdraw was confirmed within 20 min. the second was a bit slower, but was confirmed in 2 hours.
I have made my own spreadsheet to trach my investment daily. So far it looks good and I think I break even within 100 days. So the rest of the year (265 days) is pure profit. Not bad.
As you can see my yearly revenue forecast is 57.000$ on a 12000$ (initial investment + reinvestment) investment.
Now that Ethereum price went up to 1350$ I will buy a mining contract and post a review on that one.
I belive ETH will be more profitable then BTC on the long term
If you want to start cloud mining and support me I would appreciate if you use my referral link below.
https://hashflare.io/r/B8FBF718
PipByPip