Post
Topic
Board Service Discussion
Re: Cloud Mining Journey (with Hashflare)
by
mghaynes
on 06/12/2017, 04:17:48 UTC
TL;DR - Day 2: Earned BTC0.0033 using 20.25 TH/s

DAY 2 BLOG BELOW
Yesterday, my BTC earnings showed up on my dashboard at 0349 UTC. Today, I anxiously await 0349 UTC and nothing appears. Hmm. Not good. I refresh the screen a minute later at 0350 and my BTC appears!  Smiley
https://i.imgur.com/0Ff4kfA.png
I mined BTC0.0038 less maintenance fees (about $7 USD) for a net of BTC0.0033.
https://i.imgur.com/R90p1aZ.png
So far so good. It's only been two days, but I don't see any reason to complain. The results have matched the estimated results from sites that calculate mining profit based on TH/s. At this point, I imagine the next real test will come in a month when I have BTC0.1 and attempt to withdraw it.

On a side note, I changed my mining pool allocation today. I am mining 50% Slush and 50% Antpool. The reason is Slush has the lowest PPS fee (2%) of all the mining pools available on Hashflare, but it is a medium sized pool accounting for only 10% of all mining. Antpool has a slightly larger PPS fee (2%) and they keep all transaction fees, but they account for 16% of all mining. So, I figure between the two I am participating in 26% of all found blocks. Over time, Antpool will find more blocks but pay me less on each found block while Slush will find fewer blocks but pay more for each found block. In fact, after thinking about it, I'll add BTC.com back to my mining pools tomorrow. They have high PPS fees (4%), but account for 16% of all found blocks. If I use all three pools, I will have a stake in 42%-43% of all found blocks.