Test cloud mining service hashflare.io

I learned about bitcoin from Habr in 2010, in my opinion it was an alizar post . The idea seemed interesting to me.

I always had powerful computers, in my student days I even tried to participate in distributed computing programs like Folding @ home, just out of interest. But I still ask myself the question, why for all this time I haven’t mined anything? Maybe because just then I had a son, and my interests were shifted towards the choice of optimal diapers for absorbent properties.

Information about the development of the Bitcoin system now and then caught my eye, and when I was almost readystart mining on their Core 2 Quad, it turned out that people started mining on the GPU, when they got a more powerful graphics card, people started mining on the FPGA. The story of a Norwegian student - Christopher Koch, which I read about two years ago, I was a little crippled, and I began to think about buying a miner. While I was thinking, FPGAs gave way to ASICs, so I met 2015 without a single bitcoin.

And recently, I saw a post about "cloud mining . " Of course, it is clear that this is not at all right , but it became interesting enough for me to go to the site, register and look at the control panel.

In the comments, there was a lot of controversy over the fact that the risks are too great for a yield of about 20%, about the course and fate of bitcoin in general, whether you earn or not earn, and the like.

Therefore, I decided to conduct an experiment: I bought myself a small hashrate, which, in theory, should give me a nest egg in bitcoin a year later, which I always dreamed of.

^{added 11/25/15}
for these six months the experiment proved to be successful, so sign up , read the report, and do not forget to check for updates.

Under the cut, you can see what the site of guys from hashflare.io looks like, if for some reason you didn’t see for yourself, and the results of my mining for the week. Add a post to your favorites, I will update it monthly with the results of mine, a change in the Bitcoin exchange rate, and in a year it will be possible to draw a reasonable conclusion, who turned out to be right, who is to blame.

Here is what I have:

No charges yet.

I check the charges the next day:



Egegei! My first bitcoin penny!

And here is my production for the week:



I started this whole venture just against the backdrop of the growth of the Bitcoin exchange rate:



It seems to be connected with the events in Greece.

Referral Bonus Program

Disclaimer

The author is in no way affiliated with the hashflare.io administration. The information has an exclusively familiarization character and does not call for any action.

Better than on bitcoin.org/ru/ you can’t say:

You should not expect to get rich with the help of Bitcoin or any other new technologies. It is always important to be on the alert when something sounds too good to be true or goes against basic economic principles.
Bitcoin is a growing ecosystem of innovation, as well as a business of opportunities, which nonetheless entail risks. There are no guarantees that Bitcoin will continue to grow, even if so far it has developed at a very fast pace. Investing time and resources in something related to Bitcoin requires enterprise. There are various ways to make money on Bitcoin, such as mining, speculating or starting new business projects. All of these methods are highly competitive and without a guarantee of income. The correct assessment of the costs and risks accompanying such projects lies entirely with the entrepreneur.

The author spent the money that he was not sorry to lose.

Add the article to your favorites, I will try to update it weekly.

UP1 - 07/28/15

So, twenty days have passed since registration. Reporting Results:



Earned 0.053 BTC.

In dollar terms:



In ruble terms:



Profitability behaves linearly, according to the forecast:



Deviations to the greater side in the first screenshot are caused by income from the referral program. It’s interesting that I didn’t post the referral link anywhere, but 8 people got confused and formed the referral link manually by entering my code from the screenshot that I hid under the spoiler in this article.



Change in BTC rate over the past time:



Also recently a letter came from Hashflare with promotional codes:

From July 24 and until there is enough product, all new and existing users will be able to buy capacities at a discount of 5% or 20%.

-5% Discount *:

Code: HF15SMMR5P2

* The code is valid for purchases from
250 GH / s (SHA-256) or 5 MH / s (Scrypt).

Discount -20% **:

Code: HF15SMMR20P2

** The code is valid for purchases from
2500 GH / s (SHA-256) or 50 MH / s (Scrypt).

UP2- 10/06/15

I agree and quote blkptv

From the beginning of August to October, the volume of payments falls regularly. In principle, the guys promised a growth of 20% per annum, but somehow everything falls quickly, it is difficult to predict the real result, but certainly not the one that is written in the control panel.

SHA-256
payment 07/29/15 00:02 2059183 SHA-256 payment 10/05/15 00:01 1595563

And if in August I was promised about 7BTC in the profitability forecast, now only 5.8 BTC is
paid out. Thus, over 2 months the volume of payments fell by 29%, despite the fact that all other parameters are unchanged.
So, the only thing you can count on is that the price of bitcoin will rise, otherwise cloud mining is not a very profitable business.

The only remark is that the profitability forecast in the control panel is indicated for the current difficulty level. It's no secret that it is growing and profitability is decreasing.

UP3 - 11/25/15

The next update.

This month, the Bitcoin exchange rate was feverish, presumably due to the activities of the new Mavrodi pyramid in China, for which Bitcoin is used for contributions.



At the peak, the price rose to $ 440 for bitcoin, but transactions were recorded at a price of more than $ 500. Then there was an expected correction of 50% to the level of about 330 dollars, which has been trading Bitcoin for the last week.

Since the beginning of the experiment, the rate growth was thus about 30%.



Just at the very beginning of these events, I bought a little more hashrate, with a 20% discount on the turned up promotional code:



Thus, I doubled my hashrate to 0.4 GH / s. The

magic of numbers makes me dream to bring “ their "computing power up to 1 TH / s and quickly mine a whole bitcoin.
In the meantime:

UP4 - 11.26.15

Just yesterday I wrote an update, and today hashflare started a 25% discount in honor of Black Friday, which will last 4 days.



Under this case, I decided to try to reinvest the funds.
The hashrate can also be purchased at the expense of internal funds on the balance sheet.
For a long time I tried to figure out how profitable it is to reinvest “mine”, because the complexity is increasing. And it seemed like it turned out that this exchange "sewed for soap." But given the current discount of 25%, it seems like it makes sense.

Whether this is so or not, it will become clear after a while.



UP. December 22, 2015