How much profit Mr. Z can generate using cloud mining if we take into account this price you offered: $ 20,000 ? I mean If he supposedly bought for $6400 and then invested when price was already much higher. I guess If you invest at the time of high price you still able to generate good profit. However, you can't be sure that price will not drop again, that's true. I think you should have this feeling...and invest smartly at good timing and withdraw in time as well. Which is hard obviously)
You are just basing on bitcoins price potential rise up.Try to look at on difficulty and you will see that cloud mining investments will not give you give good payout even on $10000 price/BTC. Difficulty does matter not on the price most of the time unless if it would hit up ATH then we might see some good payouts but it doesnt mean it will reach you out Roi way more faster. Smart investing is suggested but i dont see cloud mining will be included into that choice.
If we are talking about 100% of profitable and smart investments, then it is better to put money in the bank and forget about them for 10 years.
ahha) actually yes; however, who knows do we have this 10 years or not) people want to live good here and now)
Yes guys) newbies can benefit a lot from cloud mining services) when price is good enough for profitable contracts) but why only newbies? everyone can)) I mean it's comfy and easy way... so I still believe I will be able to continue this story with HF.
imagine the following case:
Mr. X buys 1 BTC for $ 6400 and holds it for 1 year and the price of bitcoin goes up to $ 20,000
Mr Z buys 1 BTC for the price of $ 6400 and invests in Hashflare or Genesis Mining, and at the end of your contract, Mr Z do not know what your profit will be.
Note the following:
Mr. X has full control of his bitcoin
Mr Z has no control over his bitcoin
My question:
Between Mr. X and Mr. Z which one made the best choice?
answer is: Mr. X made the best choice
How much profit Mr. Z can generate using cloud mining if we take into account this price you offered: $ 20,000 ? I mean If he supposedly bought for $6400 and then invested when price was already much higher. I guess If you invest at the time of high price you still able to generate good profit. However, you can't be sure that price will not drop again, that's true. I think you should have this feeling...and invest smartly at good timing and withdraw in time as well. Which is hard obviously)
yeah, you simply catch this lucky wave or not) it depends)
All cloud mining services have recently collapsed. I think that the only solution to this problem is related with green crypto mining. It will be able to solve the diminishing returns issue related to more costs and less rewards.
Going green looks like a proper next step for modern technologies; cheap and profitable mining plus no harm for environment...sounds amazing)
Green energy is our only future If we speak about any industry) Sustainability matters.
Absolutely) and reduce costs as well; I think almost all services use it already anyway) HF as well as far as I know.
Post
Topic
BoardBitcoin Discussion
Re: Bitcoin soon anniversary-10 years.
by
Haven7
on 19/10/2018, 03:10:47 UTC
We all need birthday present then)) Btc is getting older and need to grow faster
Post
Topic
BoardPolitics & Society
Re: Is it better to just have one global currency?
by
Haven7
on 19/10/2018, 03:09:29 UTC
There would be a little something for everyone with a global currency. Developed nations would certainly benefit since there would no longer be currency risk in international trade. In addition, there would be somewhat of a leveling of the global playing field, since nations like China could no longer use currency exchange as a means to make their goods cheaper on the global market. But it will never happen anyway At least not in foreseeable future.
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Topic
BoardService Discussion
Re: Hashflare mining is not giving payouts anymore?
Recovery is expected, everyone keeps saying it. So HF still has a chance guys.
Yes, for sure. But the problem is that the price should raise significantly and who knows how much time we'll need for that. Even though, I remain hopeful and stay positive.
will you reopen them again when the crisis is over?
That will depend on the market situation. We will notify our users once we have any information on the matter.
Ok, what market situation are you waiting for this?
First and foremost BTC will have to increase in price and then we will go from there.
IF BTC increases significantly in price it will be likely that difficulty does too, and you'll be back to square one. Costs are the problem surely, electricity especially.
I have the same impression. If mining rigs are not changed, the energy costs and the profitability of the project will drop significantly. I would like to read something about how the system has been modernized ..
And also which alternative scenarios can be implemented. I mean btc increase can save situation If only price will double or even triple. It can take a lot of time If even possible in upcoming future. Of course we all hope for the best outcome, I just wonder what else can be done.
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BoardService Discussion
Re: Hashflare mining is not giving payouts anymore?
I would even say, if everytning is ok, we also complain. Look at Genesis - before its customers were like it's the best company, we're happy not to invest in hashflare. And now when genesis stopped payout - they're opposite
No loyalty at all to a company that was making money for you for ages!
+1 agree! I do not understand those people, who kick someone when he's down
But we are talkin about money its hard to stay calm and wait when it comes to money
Yeah I fully understand it. But what can we do? Angry posts wont change btc price
We are in he same boat, crisis influenced everybody) Hate is not the answer here, patience is.
Tell it all the haters around I agree with you, we need just to be patient, current situation is temporary.
I don't beleve in that, I mean BTC could grow in few thousands, but not in 5 times. So such a big thing takes time. My guess is 2019. So of you're a hashflare customer, make a right new year wish
yup, like the whole market, I know that genesis changed contracts with no agreement w/ their customers. Liked Hashflare article on medium, it has all the answers
I don't beleve in that, I mean BTC could grow in few thousands, but not in 5 times. So such a big thing takes time. My guess is 2019. So of you're a hashflare customer, make a right new year wish
Ideally cloud mining services should be regulated or controlled somehow. I mean we really don't know how much truth they give us. But at the same time it's only our choice to believe them, invest and take risks in order to gain more.
yeah, we took these risks ourselves(
That's true, but it's just another bearish wave, temporary difficulties anyway. When btc goes up enough, contracts will be profitable again. I firmly believe it's not the end.
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Topic
BoardService Discussion
Re: Hashflare mining is not giving payouts anymore?
by
Haven7
on 12/08/2018, 00:49:14 UTC
Hashflare has been a reputable mining platform for long, but hard times came. Cloud mining is risky stuff, maaan, we totally depend on btc rate now