Tuesday, December 19, 2017

Hashflare Cloud Mining Update

It was just the other day I posted about what a great deal it was to start bitcoin mining at Hashflare but it looks like Hashflare realized this as well and has raised prices on all bitcoin mining contracts. So if you were lucky enough to join in before they raised prices today you're in luck. The mining contracts were so profitable that you would have met your ROI (return on investment) in about 55 days. Now with the price increase the ROI has moved to around 90 days time. Still fairly good but we'll have to see if they keep prices there. The last time Hashflare raised prices it didn't last long, customers weren't happy with the new price point so they lowered prices again. Well see what happens.

Saturday, December 16, 2017

I Started Mining Bitcoins !

Hey guys I just wanted to update you on my foray into crypto. I have decided to dip my toes into the bitcoin cloud mining space. There are not a whole lot of choices out there to be honest. There are only a few big mining companies that are available to US residents and the largest and best one (Genesis Mining) is sold out of mining contracts. I did manage to purchase a Genesis mining contract a couple of weeks ago but that doesn't even begin mining till next spring! At the moment Hashflare is the one to choose!

Hashflare has 1 year mining contracts available and they are insanely profitable at the moment, you can make your ROI in about 70 days. Bitcoin has been on a tear and I expect that to continue which will only make these contracts all the more profitable. The video below shows how much you can earn with Hashflare but the real power comes with reinvesting your income generated which I have been doing.

I purchased 7 TH/s of mining power which cost me $1050 and in 4 days I already have over 7.5 Th/s through reinvesting. My plan is to reinvest for 180 days and then begin to take profits every other day. So after 180 days I will take my profits one day then the next I will reinvest and so on. That way I can realize profits and continue to grow my mining power at the same time.

Of course none of this is without risk, Bitcoin's price could retreat or collapse and I would lose money. That is a risk I am willing to take, and you should never risk more than you are willing to lose in the first place. Don't go crazy spending your mortgage money or taking out loans on this stuff.

Anyway if you would like to give Hashflare a try here is the link. - Visit Hashflare

Saturday, December 2, 2017

November 2017 Dividend Update

It's time for my November dividend update! For the month I was able to earn $407.97 in dividend income! This month was a great month for me not only did I eclipse the $400 mark again but I am now at $443/mo average dividend income which I am very happy with!

In made one purchase for the month and had no sales.

November Stock Purchases
  • AT&T(T) - 33 shares @ $34.15 = $1133.90
November Dividend Income
  • Vanguard Long-Term Bond ETF (BLV) - $3.58
  • WGL Holdings (WGL) - $38.76
  • General Mills (GIS) - $65.17
  • AT&T (T) -  $110.25
  • Verizon (VZ) - $61.36
  • Clorox (CLX) - $15.96
  • Proctor & Gamble (PG) - $33.10
  • Abbott Labs (ABT) - $7.16
  • Powershares Muni Bond ETF (PZA) - $10.60
  • People's United Financial (PBCT) - $53.99
  • Realty Income (O) - $ 8.04
Total Dividends November 2017: - $407.97
In the chart below you can see my dividend growth. Lets keep that moving average going up!