HashFlare Bitcoin Maintenance Fee Explained
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When buying a Bitcoin cloud mining contract on websites like HashFlare, some contracts will have a daily maintenance fee. This means for every day you have the contract, you'll be charged this fee before you get any of your mining profits, similar to paying for electricity if you own a miner yourself.
This guide will go through how these maintenance fees work for HashFlare, how much they are, and how they compare with competitors like Genesis Mining. We'll focus on Bitcoin fees in this guide, but on this page you can see them for other contracts like Ethereum and ZCash too.
When buying larger amounts, this fee can get quite large - and scary! An easier way to visualise this genesis mining bitcoin maintenance fee that the daily fee is always the same percentage regardless of how much you buy.
The daily fee is a fixed amount in USD value. The coins you mine per day vary each day in both coin amount and USD value, so day-to-day the percentage this fee represents of your mined coins will vary by a few percent.
If Bitcoin's value goes up, it will be a lower percentage. HashFlare are able to change their daily fee at any point due to section 5 of their Terms of Servicealthough historically they've decreased it over time. There are two main places for viewing mined coins each day, the 'BTC Balance' section of the Dashboard, and the History page. On the Dashboard 'BTC Balance' section, a chart displays your daily genesis mining bitcoin maintenance fee on a line chart, and your daily mined coins in an overlayed bar chart.
This amount is deceptive. This is the amount of coins you mined before you've been charged your daily fee, so the amount added to your balance will be smaller than this. To see the actual amount of Bitcoin you've received per day you need to go to the History page and scroll down to 'Log'. The amount under payout is the same as the value displayed on genesis mining bitcoin maintenance fee Dashboard bar chart.
The maintenance amount is how much you've been charged that day. Both of these values take into account all active Bitcoin contracts you may have entries for each contract type, you'd have 1 of each if you just had Bitcoin contracts.
At first, this looks to be very deceptive - where you need to do extra work to see how much you're actually earning, and we agree with this. But on Genesis Mining's website, although any displayed values already take into account fees - from what we can see they don't make it clear how much their daily fees actually are. They don't seem to display them anywhere like HashFlare does. So although HashFlare's approach is deceptive - at least you can see this daily fee, and work out exactly what percentage you're being charged per day.
Well with the above said, viewing your daily coins mined and fees should be easy! What's more difficult is predicting your daily profit in the future. There are two main approaches; either you work this our genesis mining bitcoin maintenance fee HashFlare posted a section under their FAQ explaining this wellor you can let us do it for you!
As well as posting these guides, we also develop tools for scenarios like this. One is a cloud mining calculator, genesis mining bitcoin maintenance fee takes into account these daily fees and estimates future Bitcoin price and difficulty changes.
Try it out here! This site cannot substitute for professional investment or financial genesis mining bitcoin maintenance fee, or independent factual verification. This guide is provided for general informational purposes only.
The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. Trading or mining any form of cryptocurrency is very genesis mining bitcoin maintenance fee risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money. This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it.
We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these. Don't rush into anything, do your own research.
As we write new content, we will update this disclaimer to encompass it. We first discovered Bitcoin in lateand wanted to get everyone around us involved. But no one seemed to know what it was! We made this website to try and fix this, to get everyone up-to-speed! Click here for more information on these. All information genesis mining bitcoin maintenance fee this website is for general informational purposes only, it is not intended to provide genesis mining bitcoin maintenance fee or financial advice.
Genesis mining bitcoin maintenance fee 28th, Mining When buying a Bitcoin cloud mining contract on websites like HashFlare, some contracts will have a daily maintenance fee. How much is the HashFlare Maintenance Fee? How to predict daily profit? May 9th, What is the Antminer Z9 Mini? Written by the Anything Crypto team We first discovered Bitcoin in lateand wanted to get everyone around us involved. Never invest money you can't afford to lose.
