Bitcoin Pool Mining - example / advice.

[Tango]

Bitcoin Pool Mining - I've been doing this for a long time.

Even though the blocks are getting harder - its still profitable.

Advice from personal experience - I've tried MANY pool mining sites / brands. Some are clear scams, I've lost real $$$ as well I've made a lot of real $$$$.

Here is a fresh new example investment and projections.

$3,067.50 invested - this is hard investment.
$7,697.40 is forecast revenue based on the current BTC / USD rate.

As BTC increases in value so does my investments.

150% return



This is from 24HourProfit.com

[TheDynasty]

Great to see you are having luck!

[JohnnyPearl]

Have you tried Antpool?

[DraX]

What's the hardware you're using in your example?

[Paul&John]

Malwarebytes didnt likes the url

[pimpmaster9000]

I dont get it...they are renting out money making equipment to you instead of using it themselves...giving you the 150% return...instead of giving themselves a 150% return...

[CurrentlySober]

i like pool

[DraX]

Link with 24hourprofit.com goes to hashflare.io, looks fishy to say the least.

[adultchatpay]

I would never click that URL.

[notinmybackyard]

never mind............

[Tango]

Have you tried Antpool?

Yes I do and have substantial holdings there as well. I was in China to meet with the CEO, Jihan Wu earlier this month.

HashFlare contributes to their pool and others as well - that is what I posted.

[Tango]

What's the hardware you're using in your example?

The hardware is all purchased, managed and maintained by the various pools. All you need is your own computer and an internet connection.

I've had ANTMiners in my home office that lasted about 3 days - the sound is deafening. Moved to a closet with AC since then.

[Tango]

Link with 24hourprofit.com goes to hashflare.io, looks fishy to say the least.

It's my domain - just forwarded to Hashflare - nothing fishy.

[Tango]

I dont get it...they are renting out money making equipment to you instead of using it themselves...giving you the 150% return...instead of giving themselves a 150% return...

Absolutely - they have their own hardware as well. The key is financing all of this as well as getting even more miners online as quickly as possible with as much power as possible.

The larger their pool including their own equipment the more revenues that the overall pool will make and the more that they have a 'say' on voting rights for "forks" & "segwits". The timing is clear according the white paper of Satoshi.

[Tango]

I would never click that URL.

Your choice - I'm not forcing you or anyone to click anything. I'm very transparent - this link is not dangerous.

[PornDude]

Let me tell you something.

Only idiots invest in crypto cloud-mining.

Smart guys buy crypto and hold it.

I am not going to do the math for you, but you are an idiot. Mark my words.

I thought you were smarter Tango.

[PornDude]

Unless you want people to signup with your referral link. Then I understand your words and graphs.

[PornDude]

But since you registered 24hourprofit.com I guess you are not that dumb anymore.

[PornDude]

Now you only want people to be as dumb as you were when you signed up with Hashflare and spent your money.

[Tango]

Let me tell you something.

Only idiots invest in crypto cloud-mining.

Smart guys buy crypto and hold it.

I am not going to do the math for you, but you are an idiot. Mark my words.

I thought you were smarter Tango.

Mining represents a SMALL portion of my BTC / Crypto holdings.
#1 RULE = NEVER SELL YOUR BITCOINS

The math does work (what I've shown are not my primary mining statistics / holdings).

[PornDude]

Are you sure it does work?

Then tell me how much BTC will you mine with that very same hash power you have bought in 2020?

Only way you "are making money" is because BTC value is increasing.

You would make more money with buying BTC directly.

[Tango]

Are you sure it does work?

Then tell me how much BTC will you mine with that very same hash power you have bought in 2020?

Only way you "are making money" is because BTC value is increasing.

You would make more money with buying BTC directly.

Yes I am sure - but the time IS running out soon. 2020 - no - there is a limited horizon on BTC mining. Other ALT coin mining still has a strong path timing wise. It does take a lot of work / management and buying RIGHT. I'm connected with one of the only mining centres with it's own 100% renewable energy - multiple sources. Our kWH price is extremely low.

[PornDude]

You did not answer my point.

I will "have more money" (two years from now) than you if I buy 1BTC now than you if you buy plans for 6000USD in Hashflare.

Did you ever question yourself why the fuck do they sell 1yr or 2yr contract? Because people are dumb and they make a calculation based on the current value and they don't understand that their mining contract won't be profitable 6 months from now.

[Tango]

You did not answer my point.

I will "have more money" (two years from now) than you if I buy 1BTC now than you if you buy plans for 6000USD in Hashflare.

Did you ever question yourself why the fuck do they sell 1yr or 2yr contract? Because people are dumb and they make a calculation based on the current value and they don't understand that their mining contract won't be profitable 6 months from now.

My primary mining is NOT on Hashflare. The $$ invested a good time ago that I have my several thousand T/HS - not cloud mining. Hashflare is profitable as long as BTC rate doesn't explode beyond current rates.

I agree that if BTC valuations explode a lot faster than the current projections - keep your $$ in BTC.

I'm very happy with my investments and substantial returns.

[PornDude]

I am happy to see you happy with your investments

[HomerSimpson]

I'll tell you couple of things:

1. You will never mine that 1.34 BTC in a year since the difficulty will increase. That's just a current prediction. Companies that sell mining contracts never tell you that.

2. You will mine some bitcoins for eg. 0.65 in a year and their price can be much more than the predicted value or can be less, so you don't know are you going to be profitable or not. If the price keeps rising - probably yes.

3. At current rate you could buy roughly 0.5 BTC today and just keep it for a year and sell it... But maybe with mining you could dig more in the end buy you need to have the patience to wait for 2 years to see.

Also, here's a good piece of advice: NEVER reinvest mined bitcoins into buying hashpower.

Keep digging boys and girsl: HashFlare, Genesis-Mining


PS: According to your post you're making ~$20/day ($7k year) not $600/day as in your sig

[JerseyPuma]

buy and hodl > cloud mining

you have photos from your time with Jihan, Tango?

[Tango]

buy and hodl > cloud mining

you have photos from your time with Jihan, Tango?

I'm not into selfies. I took this photo @ the BitKan Summit last month in Hong Kong.
2017 SHAPE THE FUTURE Blockchain Global Summit

He is in the middle next to Dr. Craig Wright - Roger Ver is on the right side.