Quote from: Smoke12 on December 19, 2017, 04:21:52 PM

Quote from: kotykmurkotyk on December 19, 2017, 03:41:31 PM

Quote from: Halikin on December 19, 2017, 03:19:23 PM

Quote from: kotykmurkotyk on December 19, 2017, 02:52:34 PM

Hello friends,

Hope everyone is enjoying their Tuesday!
I bought my first terahashes yesterday and looking for advice from experienced cloudminers like yourselves.
Considering that the contract is only 1 year, is it worth reinvesting the rewards. If so can someone recommend a strategy as to when to switch to withdrawals for a maximum end of the year outcome.
May be I understand it wrong, but wouldn't my terahashes bought in December expire and no longer would produce for me in December next year?

May be someone can recommend a formula or a calculator to use. Thank you!

Every purchased is a new contract with a new expiry date.

I just bought more 20TH. I'll collect the ROI (maybe in 60-90 days) and then I'll think about reinvesting. I think you should do the same.

Hashflare is a nice site? Yes, but many others were too and got vanished, leaving the users with nothing.

Thanks. The break even in 60-90 days makes sense if you want to sell the earned bitcoin at that time and the price is assuming the same as today, which is unlikely. There is no way to know where the price would be in 2-3 months. However the risk of keeping your $ locked in someone else's hardware is troubling me. I need some optimists to pitch in

Hmm, like the way u talk i think better you keep ur $ voor yourself.. Nobody knows what the future brings.. In my opinion the risk is low.. Let's hope the difficulty goes down this time!

I am not worried about bitcoin that much. The question stands how to use cloud mining to the full potential until the in-house mining could be established. Still trying to wrap my brain around it.