How to : Hashflare - Calculate Return on Investment
Types of mining algorithm available
There are 5 types of mining algorith available in Hashflare ;
- SCRYPT - Mines Litecoin (payout will be in Bitcoin)
- SHA 256 - Mines Bitcoin
- ETHASH - Mines Ethereum
- EQUIHASH - Mines Zcash
- X11 - Mines Dash
Hashflare SCRYPT - Litecoin
current exchange rates and difficulty, and to make calculation simple for beginners we'll assume no difficult change
- Cost = USD 13.50 / Mhs
- Litecoin to Bitcoin Conversion Rate = (1 Litecoin = 0.01609 BTC)
- Bitcoin to USD Rate = (1 BTC / USD 2700)
- Mining Rate = LTC 0.001359 / day
- Maintenance Fee = USD 0.01 / Mhs / day
The above information is required for us to get started in calculating profitability, We will get deeper into the calculation in another post. In this post we aim to find out how soon we can start making money after investing.
So lets say we intend to purchase 10 Mhs of SCRYPT from Hashflare, this is what we will end up with.
- Cost = USD 135
- Litecoin to Bitcoin Conversion Rate = (1 Litecoin = 0.01609 BTC)
- Bitcoin to USD Rate = (1 BTC / USD 2700)
- Mining Rate = LTC 0.01359 / day
- Maintenance Fee = USD 0.10 / day
The breakdown every 24 hours
- Revenue = LTC 0.01359> BTC 0.0002186884 > USD 0.5838112054
- Maintenance Fee = USD 0.01 * 10 > USD 0.10
- Profit = USD 0.5838112054 - USD 0.10 = USD 0.4838112054
Profit
1 Month = USD 14.51
3 Months = USD 43.53
6 Months = USD 87.06
12 Months = USD 174.12
Summary
If you have invested USD 135 into SCRYPT, you'll earn your investment back in 9.3 months, and begin profiting 10.7% every month. If prices of Litecoin goes higher you profit will be even higher!! Start small , start now !
Hashflare SHA 256 - Bitcoin
current exchange rates and difficulty, and to make calculation simple for beginners we'll assume no difficult change
- Cost = USD 1.20 / 10 Ghs
- Bitcoin to USD Rate = (1 BTC / USD 2700)
- Mining Rate = BTC 0.000000313 / day
- Maintenance Fee = USD 0.0035 / 10 Ghs / day
The above information is required for us to get started in calculating profitability, We will get deeper into the calculation in another post. In this post we aim to find out how soon we can start making money after investing.
So lets say we intend to purchase 1000 Ghs of SHA 256 from Hashflare, this is what we will end up with.
- Cost = USD 120
- Bitcoin to USD Rate = (1 BTC / USD 2700)
- Mining Rate = BTC 0.0003125 / day
- Maintenance Fee = USD 0.35 / day
The breakdown every 24 hours
- Revenue = BTC 0.0003125 > USD 0.84375
- Maintenance Fee = USD 0.0035 * 100 > USD 0.35
- Profit = USD 0.84375- USD 0.35= USD 0.49375
Profit
1 Month = USD 14.81
3 Months = USD 44.43
6 Months = USD 88.86
12 Months = USD 177.72
Summary
If you have invested USD 120 into SHA 256, you'll earn your investment back in 8.1 months, and begin profiting 12.30% every month. If prices of Bitcoin goes higher you profit will be even higher!! Start small , start now !
Hashflare ETHASH - Ethereum
*Current exchange rates and difficulty are assumed
to make calculation simple for beginners we'll assume no difficult change*
Ethereum contracts only last for 12 MonthsCost = USD 2.20 / 100 khs
Ethereum to USD Rate = (1 ETH / USD 335)
Mining Rate = ETH 0.00003124 / day
The above information is required for us to get started in calculating profitability, We will get deeper into the calculation in another post. In this post we aim to find out how soon we can start making money after investing.
So lets say we intend to purchase (10,000 khs > 10 Mhs) of ETHASH from Hashflare, this is what we will end up with.
- Cost = USD 220
- Ethereum to USD Rate = (1 ETH / USD 335)
- Mining Rate = ETH 0.003124 / day
The breakdown every 24 hours
- Revenue = ETH 0.003124 > USD 1.04654
- Profit = USD 1.04654
Profit
1 Month = USD 31.39
3 Months = USD 94.18
6 Months = USD 188.37
12 Months = USD 376.75
Summary
If you have invested USD 220 into ETHASH, you'll earn your investment back in 7 months, and begin profiting 14.20% every month. If prices of Ethereum goes higher you profit will be even higher!! Start small , start now !
Hashflare X11 - Dash
*Current exchange rates and difficulty are assumed
to make calculation simple for beginners we'll assume no difficult change*
Dash contracts only last for 12 MonthsCost = USD 5.80 / 1 Mhs
Dash to USD Rate = (1 DASH / USD 212)
Mining Rate = DASH 0.00009580/ day
The above information is required for us to get started in calculating profitability, We will get deeper into the calculation in another post. In this post we aim to find out how soon we can start making money after investing.
So lets say we intend to purchase 100 Mhs of X11 from Hashflare, this is what we will end up with.
- Cost = USD 580
- Dash to USD Rate = (1 DASH / USD 212)
- Mining Rate = DASH 0.009580/ day
The breakdown every 24 hours
- Revenue = DASH 0.009580 > USD 2.03
- Profit = USD 2.03
Profit
1 Month = USD 60.92
3 Months = USD 182.78
6 Months = USD 365.57
12 Months = USD 731.14
Summary
If you have invested USD 580 into X11, you'll earn your investment back in 9.5 months, and begin profiting 10.50% every month. If prices of Dash goes higher you profit will be even higher!! Start small , start now !
Conclusion
I will be doing a comparison between profitability of different coin options in Hashflare, do follow and stay updated.
Do let me know if you find it helpful, an upvote from you would really encourage me to continue my work. Peace :)