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TOPIC: Bitcoin Down and How Reinvesting Affect

Bitcoin Down and How Reinvesting Affect 6 months 4 weeks ago #1406

  • phlyn
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Bitcoin Down and How Reinvesting Affect your Earnings in Hashflare

At current market conditions you can wait easily up to 4 months before needing to re-invest.

hashflare reinvest is turning your generated BTC into USD, then buying hashpower with USD value.

You need to ask yourself this question: Will bitcoin double in value from here quicker than reinvesting that same value can double my hashrate for that purchase:

e.g. you have currently 135 Th/s, BTC = $11,000

Today it generates net BTC = 0.01244137 per day
That is worth in USD = $138.78 on this day.
That is worth in hash = 0.63 Th/s

Scenarios:
1. You buy Hash Th/s = 0.63 on this day, it would take minimum 151 days for that to turn into 1.26 Th/s post fees, difficulty increase, price increases etc.

2. You waited 1 month and BTC retests $22k. You'd be able to buy 1.26 Th/s on the spot. At around the 30 day mark.

3. You waited 1 month and BTC is at $16.5k. You can buy 0.945 Th/s on the spot. At around the 30 day mark

4. you waited 4 months and BTC is at $22k mark. You'd be able to buy 1,26 TH/s on the spoty. At around the 150 days mark

5. Only scenario where it becomes more worth while buying as price drops is when you believe purchasing power won't increase within 2 months or go further south for a significant amount of time. i.e. your buying as much as your can quickly before significant decreases in BTC occur.

The lesson is the reinvestment model isn't compounding, it's linear per 1Th/s. There is no benefit continuously reinvesting in hash when BTC is on a medium term downtrend. Better to bulk up the BTC accumulated and bulk buy on the retest of highs or higher (within 4 months - assuming today's difficulty rates etc) - Joseph Saad
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