So those of you with Hashflare mining contracts might have woke up to a nice surprise today. With the increase in bitcoin price it also means that these contracts have become profitable yet again. Which means your now mining again on your contracts!!
Per Hashflares agreement if the mining fees ever are higher then the bitcoin created from mining for 21 days the contract will go dormant.
If the price ever becomes profitable again then the contracts will open back up and mining will resume. Thats at least one very nice benefit of having the price of bitcoin go up to some what I would call "normal" levels again.
HOWEVER...
Yes there is almost always a however to many of these posts 🤣
What will this mean in 24 hours from now when the difficulty is set to skyrocket again by nearly 13% ?
The mining contracts are definitely good for the fact that they automatically start up again. But the problem is that so many have them so that the difficulty will just increase dramatically and fees are too high again. We will need to see majo increases in price for the mining contracts to be good in the longer term
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Intresting , nice 1
Sir i am new on Steemit can I get your single upvote I will upvote you in return as much as possible
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That is awesome mate,
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Going to be hard to make sustained profits unless btc price continues its recovery - fingers crossed we are only at the start of another looong bull run 😮
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Intresting post
Sir i am new on Steemit can u upvote me once I will upvote you in return as much as possible
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