If you are reading this you probably already heard about Bitcoin crazy gains lately and the cloud mining industry’s rising demand for hashing power. Hashing Power (hashes per second) is the number of calculations performed per second in order to solve the SHA256 algorithm and finally create a block in Bitcoin network. Once the block is created, the creator gets 12.5 Bitcoins as reward. This is a very general description of Bitcoin mining and I will be publishing a different article regarding this.
So back to HashFlare.
HashFlare at the moment seems to be the only cloud mining website with available mining contracts left, since most of the well-known similar services are sold out. Nevertheless, as of today, the price per 1 TH/s (Terahash per second) has increased to 220$ from 150$ earlier today. Each TH/s at the moment of writing brings in about 2.30$ daily so the return on the original capital is around 65 days. You have to take into consideration the difficulty of Bitcoin mining that is changing every 2 weeks and affects the overall earnings. However the recent price move have compensated for the difficulty increase.
1.To sign up: Follow the Link to HashFlare
2.Choose the language you preffer and click Register
3.You should be able to see the follwing page where you add your credentials:
When done, you will be prompted to confirm your newly created account by email confirmation link. So just enter your email and confirm. Once completed you may login to HashFlare back office.
You will have to deposit some Bitcoins in order to make your first purchase. Also if you will use the link provided above with this code(A7F16193) you will get a 10% discount on your purchase.
Once in the back office, you can click Buy Hashrate, move the slider to the desired number of TH/s and click Proceed.
On the new page make sure that you have entered the correct amount to be purchased and do not forget to redeem the 10% if you used my referral link!
Once completed, click "Select Payment Method" and "Pay with BTC". After that you will be prompted to proceed with deposit, so follow you standard funds transfer procedure according to your BTC wallet.
Allow some time for BTC transfer to get through and enjoy mining.
UPDATE: As of today, the price for SHA256 contracts has increased to 220$ per TH/s. So take advantage of the 10% discount while it is still valid. Use the link and the code provided above.
check my youtube channel as well: https://www.youtube.com/channel/UCT4Ur6507N80ImQitYLnvBw