HashFlare Profitability (May/June 2018)

This guide gives the current profitability of all cloud mining contracts on HashFlare. These numbers were calculated on 26th May 2018, and display the cost with and without a discount code HashFlare is currently offering for 22% off their contracts.

To compare contracts equally, we scale hashpower down to a $30 initial investment. Calculations are made using our cloud mining calculator: www.bitcoinkit.com/cloud-mining-calculators/medium

We've also posted a guide on HashFlare risks, consider reading that before investing money.

Profitability of a $30 investment in each of HashFlare's contracts:

Bitcoin (current price $7,552) NOT PROFITABLE
375 GH/s, 1 year contract
Optimistic: $0.04 per week, $2 after 1 year
Skeptical: $0.02 per week, $1 after 1 year

Ethereum (current price $602) NOT PROFITABLE
1.67 MH/s, 1 year contract
Optimistic: $0.42 per week, $22 after 1 year
Skeptical: $0.19 per week, $10 after 1 year

Litecoin (current price $121) NOT PROFITABLE
16.7 MH/s, 1 year contract
Optimistic: $0 per week, $0 after 1 year
Skeptical: $0 per week, $0 after 1 year

DISCLAIMER: This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. Bitcoin Kit is UK-based and not regulated by the FCA (Financial Conduct Authority). The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. The ideas presented are our analysis, learning & opinions on a range of cryptocurrency topics. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.

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