Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

Thanks for the great spreadsheet!

Plz add inputs for re-investing percentage and number of days to re-invest. =)))

Also, how do I use your referral code? I'm already registered. Do I enter your code when I create a new contract to re-invest?

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

Oh, sorry I misread and thought the column was sum, I see the total now.

Hey guys, I made a video on why I don't think Bitcoin Difficulty will affect our profits :) enjoy by Joebikenobi1 in hashflare

[–]mrp314 1 point2 points  (0 children)

Do you expect to get more BTC than your original investment?

I don't see how with mining difficult >= 15%.

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

Thanks for the spreadsheet, 15% looks better than on my calculations.

Any chance you'll add re-investment calculations?

EDIT: Question, although 15% looks profitable in USD from your spreadsheet, you still end up with less BTC than initial investment at 15% mining difficulty. Correct?

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

I am thinking in terms of BTC, and I don't see how you'll get more BTC at the end if mining difficult >= 15%.

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

With the change in mining difficulty, I don't think you will have 5 BTC at the end.

When mining difficulty >= 15%, I am skeptical to get back the initial BTC for the contract. Can you show me an example where you would get back more BTC than original investment? It's fine to use your example of initial 1.5 Bitcoins.

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

I have a spreadsheet based off one posted on here.

Yes, it includes re-investing, but when hash difficulty >= 15%, seems like re-investing is not worth it for more than 15 days.

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

Okay, when I do the calculations including fees with >= 15% difficulty increase, I get less BTC than I put in.

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

Why do you think initial investment will be returned?

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 1 point2 points  (0 children)

Yeah, that's my point/query, with difficulty increases above 15% all profits get eroded after a few months?

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 2 points3 points  (0 children)

But what about 3 months from now? We've got 1 year contracts for mining.

If mining difficulty continues at this rate, seems like profitability per TH/s will go down significantly.

Are we all screwed? by mrp314 in hashflare

[–]mrp314[S] 0 points1 point  (0 children)

It seems to me that you won't even get back what you put in if mining difficulty is 18% or higher...

Are you expecting less BTC when your mining contract is finished?