Quote from: Rogerdale on December 18, 2017, 07:11:13 PM

Quote from: Halikin on December 17, 2017, 01:42:35 AM

Quote from: Rogerdale on December 16, 2017, 10:35:16 PM

Quote from: vincity on December 16, 2017, 10:12:53 PM

Can anyone with results help me understand the profitability?

For $3000 today I can purchase 0.154 BTC or 20000 GH/s on Hashflare which according to the mining profit calculators should amount to over 1BTC in one year. So what am I missing?
I read a lot of posts saying I will be lucky to break even. Does that mean the calculators are way off and I will not even mine the 0.154 BTC I can just purchase for that $3K today?

Yes, calculators are way off. In the best case (and if Hashflare pays you all your profit) you will get no more than 0.25 BTC. You won't ROI only if Bitcoin drops below 10K or difficulty skyrockets in the next 3 months.

I think that there is no way to difficulty skyrockets, since it will take unconfirmed transactions with. UNLESS a new hardware shows up (like Ebit E10, Antminer S10, etc).

The today's jump was 18%. And the last one was also 18%. If every time difficulty adjusts 18% up, Hashflare contracts will barely break even (with maybe 10% profitability in BTC in the best possible case when BTC soars to $50K) and won't run full year (will be terminated after 9 months). And cloud mining contracts on the other sites (where 1 TH/s costs 400-900 dollars) will bring a huge loss for investors.

If difficulty rises 18% every time and BTC price stalls at $20K, Hashflare contracts will terminate after 6.5 months but it looks like they will break even anyway. So only BTC dip to 10K is really dangerous, in this case SHA-256 contracts won't last more than 4 months and will mine only 70% of the paid amount.

Yep Hashrate spiked 25% in 2 days, so now blocktime is the still as it was 13,7 minutes instead of 10 minutes it should be, i bet hashrate will be with drawn now, so the manipulation can kick itself around next corner, and keep Bitcoin on its Knees. Transaction delay drama will continue, expect this will always be the case, dosent matter, the averall hashrate seems to stay the same, so in the long run there is no hashpower that can keep difficulty up, but i do think the should change the code so this type of quick adding of hashrate and withdravals, dosent mess the system up, difficulty was set to go down cuz blocktime was to long, and this round its the same thing, cant be sustained? Bitcoin seems to adjust itself to be veeeery slow as the mechanism allows it right now.