HashFlare profit calculator is a perfect opportunity to find out your profit and plan your further actions. This thing is totally automatic and can deal with all five pools that are provided by HashFlare.io. For you, as a customer, this tool is a must to learn and use on a regular basis. So, let’s learn how it works and what the benefits are.
How to Calculate HashFlare ROI
HashFlare ROI is a special index you can find out by providing some certain calculations. Before those special cloud mining calculators appeared, one should have been calculating everything by himself using such points as:
- Maintenance Fee
- Coin to USD Rate
- Cost of the Pool
- Conversion and Mining Rates
These days everything is much simpler with the help of HashFlare profit calculator. All you need to do is provide this tool with certain indexes and info and get the result immediately. This information you will get will help you to make your profits higher and the entire mining process clearer.
HashFlare Calculator Guide
HashFlare calculator is very simple, and even a child can use it. Of course, if he knows all the required info. By the way, what parameters should you provide the HashFlare profit calculator with? Here are the four key points:
- Amount of investment
- Hashrate power
- The type of your contract
- Time period for the contract
Your daily payout, in summary, makes your general income. With this sum, you should be working while calculating ROI for two of five HashFlare algorithms. Scrypt and SHA-256 are two of the most popular pools in entire cryptocurrency industry. They consume more energy than any other poll. So, cloud mining providers charge an extra fee for maintenance. And so does HashFlare. We will talk about this fact later.
But you need to keep in mind that to calculate profit for these two pools you need to deduct that fee from the sum the calculator gave you.
By the way, here is the list of all available pools by HashFlare:
- SHA-256 t
All listed contracts have one year period. And here is the list of cryptocurrency you can mine with HashFlare.io.
HashFlare Maintenance Fee: What is it?
Let’s start with your payouts. You will receive the first one after the first 24 hours. Your income can be seen on your Balance Panel. Also, on the dashboard, you will see other useful info about exchange rates and analytics. All these updates in a real-time mode so you can be sure you receive the freshest information possible.
You, probably, know that cloud mining and mining, in general, is a complicated process. That is why you have decided to use such a service as HashFlare right? No noisy fans, no computer geeking, and anything like that. Just paying for the job other people and their powerful computers is doing for you. That is it. Great profit, congrats.
But do you know that the amount of energy that equipment is consuming is huge? That is why HashFlare charges an extra fee for maintenance. It is called MEF that stands for Maintenance Electricity Fees.
But don’t worry. First of all the amount of money, HashFlare is charging is tiny and even microscopic. Just look at these numbers:
- SHA-256 0.0035 USD per 10 GH/s
- Scrypt fee price is 0.005 USD per 1 MH/s
Probably, you have noticed that there are only two prices for two pools. It is the second reason why you should not worry about those maintenance fees. It covers only two pools of five so such contracts as ZCash, Ethereum, and DASH are free of any fees at all.
One more important note. If you are calculating profit for your Bitcoins and Litecoins, you need to deduct that fee from the sum that calculator gives you. Also, this fee will be charged by the HashFlare system by itself. At the same time, it won’t be included on your invoice.
First of all, you always should monitor BTC to USD rate of exchange. This will give you the better picture of your income and the situation on the market in general.
Besides, this info is also useful for another great feature provided by HashFlare.io. You have a perfect opportunity to increase your income, even if you entered with the minimal value contract. Interested? Well, the feature is called Reinvest and it is as simple as it seems.
When you receive your payout, you have two choices. You can ask the system to withdraw your income, or you can reinvest it in the new circle. What is the sense? While reinvesting your income, you are increasing your hashrate, and this is the key point that affects your overall income. The higher power you have for the contract, the more income you get in the end.
To learn more about this very feature, profit calculator or to ask any other question, feel free to contact HashFlare representatives via Skype or make a phone call.