It has been a few weeks since my last update. In the past few weeks we have seen a big positive change. BTC is valued at over $9000 USD, alt-coins are on the rise. And maybe, just maybe the bulls are back in town. But, HF has reduced fees, withdraw limits, then increased them again, posted a video, and now are sold out of all contracts. Here’s my thoughts. If you’re interested in my original review read it here.

Fees — The Elephant in the Room

Let’s talk fees. They have not changed and have been the only constant with HF. Sure no one likes them, but they are what they are. They are like taxes, complain all you want, but you need to pay them. That’s the whole point of cloud mining, someone else is doing the mundane work, and you need to pay their fee. They do not control the value of BTC, so yes, you may get your contract cancelled if you end up upside down. It’s a known risk to anyone who did their research before they purchased a HF contract.

Get over it. I have.

My Earnings

Since I made my first withdraw on the 5th (22 days ago,) I’ve earned 0.0051037 BTC after fees. Not a lot and at this point I’ll be happy if I break even on my contract after a year especially as difficulty continues to go up.

My actual BTC Balance on HF.

HF Changes

HF has made quite a few changes over the past few weeks. They have:

Reduced contract cost for SHA-256 down to $0.60

Reduced withdraw limits down 0.01 (very briefly)

Reset their withdraw limits back to ~0.03

Sent out a video to reinforce their partnership with HashCoins and HashCoin’s new data center.

Increased their cost back to $1.20 for SHA-256

Listed EtHash and EQUIHASH, X11, and Scrypt as sold out

Listed SHA-256 as sold out

If you’ve been following Reddit everyone has an opinion. Either HF is a SCAM or HF is adapting to the market or they are a bunch of aliens send here to enslave us. Maybe not the last one, but you get my point.

Honestly, I don’t know what to think of it. I only know that I won’t be investing any more at this time, even if I could. For that reason I’m going to be like everyone else with a bit of smarts — sitting on the sidelines and just withdrawing when I can. Maybe I’ll build a new GPU rig and add it to my growing farm mining ETH or maybe I’ll keep holding what I have or trade. I don’t think there is really a right or wrong answer here. I guess that’s why we call it gambl…I mean investing. :)

Thanks for reading and I’ll update again soon!