Post
Topic
Board Service Discussion
Re: Cloud Mining Journey (with Hashflare)
by
mghaynes
on 08/12/2017, 15:29:12 UTC
  • Yesterday's mining results - BTC0.003
  • Maintenance and electricity fee - BTC0.0004
  • Daily Profit - BTC0.0026
  • Total profit so far - BTC0.0088
  • Screenshot: https://i.imgur.com/dLUeHIw.jpg

DAY 5
Another day, another BTC0.0026. No Hashflare drama in the last 24-hours. The BTC yield per day is going down, but each day I check with cryptocompare and the results basically are in line. So, looks like we are seeing the effects of new TH/s coming on line. Profit per TH/s declines daily. I suppose it's economics at work. If Dash is any example, profit per TH/s will continue to decline until it's no longer cost effective to make new machines. D3's that were selling for over $2600 a few months ago can be found on Ebay for less than $1000 now, and you don't see any manufacturer's rushing out new machines. Depending on electricity costs, it will take about a year to get ROI on a D3 at $1000 given current Dash prices. I suspect SHA-256 will go the same route with people selling S9s for under $1000 at some point in the future.