My journey into Bitcoin mining (with Hashflare) #2

in #cryptocurrency7 years ago

Yay, today I got a fantastic Christmas present :)

So they accepted my 0.0099 BTC transfer and everything is fine.
When I logged in I got greeted with the following Message:

So tomorrow I should see my first returns.
I'm now thinking about my strategy if I should reinvest or not. (As the prices just got up from 150$/TH to 220$/TH)

At the Moment I have 1.1 TH/s to start with.

So with no reinvesting and no change in the bitcoin price and difficulty
(I'm well aware that that's not going to be the case),
I would get 782.72$ / 0.05389981 BTC earnings. Minus the initial investment form 165$ / 0.0099BTC, that would leave me with 617.72$ / 0.04399981 BTC
Minus the Maintenance Fee of 140.525 $ / Year

net win from 477.195$ / 0.0329BTC after 365 Days

Here is how I got this Numbers:

https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1100&p=0&pc=0&pf=0.00&d=1873105475221.61000000&r=12.50000000&er=14521.78000000&hc=165

Maintenance Fee of 0.0035 $ per 10 GH/s per Day
1100 GH per Day / 10 GH per day = 110
110 * 0.0035$ = 0.385 $ / Day
0.385 $ per Day * 365 Days = 140.525 $ / Year

This looks quite promising to me :)

I'll keep you guys posted about my future decisions in that case.

Cheers

Dave

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