Post
Topic
Board Service Announcements
Re: Bitcoin Cloud Mining with HashFlare
by
f4
on 12/01/2018, 13:46:47 UTC
How do you mean, its not expected since the expected was a drop in difficulty, and how can higher difficulty be nothing to worry about when the price of the bitcoin is not rising?

The fork last year, with a huge swap in hashrate was a special event, since that balanced again I made the prediction that difficulty may rise 18% for the next ~26 difficulty changes over the next 12 months. Thats a difficulty increase of 2000% over one year, as it adds up. Even then you would get out of hashflare breaking even. Every difficulty increase under 18% means profit. Last change was only +3% with 110% pool luck, so things are looking pretty good.



Higher difficulty with lesser amounts of hashes, and lower returns, As we have seen before, i bet the hashrate dissapears after increase in difficulty is a fact. So tell me, what is good with that, and how do we make more money when this happens, we dont, since the fees is kept by the pools, and we get none of it.

Was the increase in price for the Hashpower also a good business for us?

I noticed the repeating huge spikes of hashrate everytime right before the difficulty change, I still dont get why that is, but the overall curve is straight up.

My assumption was that cloudmining is more profitable than getting an Antminer S9, as hashflare gets electricity cheaper, and with the discounts in November paying $ 1,30 / 10 GHs it was way cheaper than getting the hardware yourself.
But with the insanly high fees and a clogged up mempool that almost doubles the current blockreward and hashflare not paying out these fees, getting an S9 would have been more profitable after all.