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HashFlare Price Increase of 46.67%

Hashflare recently increased the price of their 12 month cloud mining contracts. Last week (8th Dec 2017) they were $150 per TH/s for a SHA256 12 month contract This week (20th Dec 2017) they are $220 per TH/s for a SHA256 12 month contract This is a huge increase of 46.67%. I can only speculate this is due to a number of things: Increase in BTC Price Demand for cloud mining is high Backlog of tickets means more staff required They are a business and need to make profit Like any business they have over heads, staff to pay, expansions to build, power […]

160K BTC unconfirmed Dec 2017

158872 Unconfirmed BTC Transactions and Counting

At the moment, according to https://blockchain.info/unconfirmed-transactions there are almost 160k Unconfirmed transaction in the block chain! And  its been steadily increasing over the past few days This is almost 500 BTC in transaction fees sitting in the queue equalling a staggering   $9,750,000. And who said it was cheep to send BTC…… Well it still is really, when you compare to a SEPA transaction and it still is a whole lot faster than SEPA.  SEPA takes approx. 3 days and BTC about 6 hours at the moment so yes, its faster. What does this mean for us mortals that don’t understand the math?  […]

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New 40 TH/s Hash Flare Contract gets me into trouble

After running some numbers on ROI for the HashFlare  12 month Mining contracts, I decided it was worth investing into the platform.  With the wife asleep and BTC wallet syncing up it was time to do it. It would also be a good opportunity to run a HashFlare v Genesis Mining Shoot out The following day I break the news to the wife that I had spent $5600 on some cloud mining as we “needed it” because The Mine was at capacity with 8x Bitmain L3+ I received a lot of angry faces and abusive language until I explained the returns 40 TH/s for 0.4855 BTC […]

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EHS Miner Update

EHS updated their site today to reflect “Sales open in December 2017” and I received this email Dear Litecoiners, We announce that we managed to obtain the most efficient consumption for the Litecoin Miner at the design level. On the other hand, we continue focusing our efforts on reducing the chip size which will ultimately dictate the final price of our units. This last challenge is very complex. Several important decisions are now being considered and are determinant for the launch of the manufacturing. Many of you are interested in getting more details about our design. Please note that it is still […]

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