The below graphic is the single most misleading chart on the hashflare cloud mining platform. Specifically the Revenue forecast gives an entirely wrong picture about expected revenue on your cryptocurrency cloud mining investment.
Let me explain why but start with some disclaimer first.
Disclaimer 1: None of my posts are financial advice nor am I a professional financial advisor. Please do your own research before making an investment decision!
Disclaimer 2: I'm invested in cloud mining using the hashflare cloud mining platform. All links in this article to the hashflare platform are referral links. Signing up using the link https://hashflare.io/r/86D5C782-stmt or referral code 86D5C782-stmt will give me a referral bonus.
Bitcoin Network Difficulty
Lets look at the historic development of the Bitcoin network difficulty which directly impacts the revenue of any cloud mining contract. With 2 exceptions the overall difficulty increased constantly, almost exponentially.
Revenue Forecast
What's wrong with the Revenue forecast posted on hashflare? It doesn't take any of it into account. It plainly assumes that the overall difficulty does not increase. If historic numbers where any indication of future development, one could come to the conclusion that this is actually a highly unlikely scenario!
Even if you disregard the $US price development which influences the $US portion of your revenue, the projected amount of BTC generated will be actually far at the end of the cloud mining contract.
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