Quote from: pivix on December 12, 2017, 05:03:38 PM

Quote from: Breesus on December 12, 2017, 04:39:44 PM

Quote from: pivix on December 12, 2017, 04:33:59 PM

Quote from: Breesus on December 12, 2017, 04:19:06 PM

Alright thanks mate. If someone else could confim that the only fees we're paying are Maintenance fees that'd be awesome.

Also, regarding the pools, where do I have the option of chosing the pool I'd like to join ? I can't find it on my dashboard

Pool fees are paid before the pool pays hashflare, so from the amount you see you only take off the maintenance fees (0.35$ /th) and you get your netto amount.

Right so how can I exactly calculate my expected ROI using a website like https://www.coinwarz.com/calculators/bitcoin-mining-calculator/ ? Is there a way to find out how much the pool fees are before actually buying some hashpower on Hashflare ?

Also, regarding the maintenance fees. Say I buy 7TH/s of Sha-256 for $1050. With the maintenance fees being $0.0035/GH (which in turn is $3.5/TH), am I correct assuming that the only maintenance fees for the whole duration of the contract (1year) will be 3.5*7 = $24.5.

Here you have a list with pool comparisions and fees. https://en.bitcoin.it/wiki/Comparison_of_mining_pools
But i'm not so sure if it's up to date. it would be best if you check on the pool's sites cause sometimes they change fees.

the fee is actually 0.35$ / terahash / day. so for 7 th/s you would pay 2.45$ in maintenance fees per day.

Thanks, appreciate the help. That changes the equation quite a lot!

Back to my 7H/s, $1050 for 1 year contract.

Only fees I could find on the website were the slush ones, which are 2%

Using the calculator here https://www.coinwarz.com/calculators/bitcoin-mining-calculator with 0.02 in mining fees and $1000 (contract value) + 0.35*7*365 ($894.25) = $1894.25 in hardware cost, we can see that the profits over a year is $4786.37 with around 145days needed to break even.

Is it correct ?

edit: Damn, forgot to remove the electricity cost. Without the electricity costs the profits over a year is $7063 with 98days needed to break even !