Welcome to day 5 of the HODL Experiment!
I came home from work today, and checked my Hashflare stats. (Hashflare is a great mining service which I have a 1 TH contract with.) And a new notice was posted in my dashboard changing their terms. I payed $120 USD about a month ago for 1 TH of hash power. Why did I do this? Well I know Bitcoin is going to boom, and soon enough the pennies are going to become dollars. As well, the contract was open ended, so it would run as long as Hashing is profitable. I signed up just based on that alone. As well Id net about $420 USD with running it for a year.
Well thats all about to change. In a few hours, Hashflare will be doubling the price of 10 GH from $1.20 to $2.40 USD. Essentially my contract is double what I paid for it now.
[Hashflare News Source] (http://mailchi.mp/hashflare/mining-profitability-continues-to-grow-1182309?e=9a1b60b00c)
Now im posting this as its STILL AVAILABLE right now for $1.20 per GH. The price changes in a few hours.
If your looking to mine BTC, Hashflare is superprofitable for 1TH based on a year running. At $240, I probably wouldn't have bought it.