How to Grow Your Bitcoins Using HashOcean
Bitcoin is a hot crypto currency now owing to its high volatility. Many have earned their fortunes in trading bitcoins while others made losses doing the same. Well, that’s how trading of any stock/currency is – some lose while some gain. However, there are other ways we could increase our bitcoin stock and hence make more profit when we trade it. In this article, I will explain how to grow your bitcoins using HashOcean.
HashOcean – What is it?
HashOcean is a crypto currency mining company. It pools in money from investors like us to mine crypto currencies and in turn pays us some profit. When we invest in HashOcean, it’s like we are buying the graphic cards that are necessary for mining. The best part of investing in HashOcean is that your investment pays profit for unlimited time.
How to Grow Your Bitcoins Using HashOcean
Well, nothing can be as simple as transacting on HashOcean. Let me skip the unnecessary and complicated things and start with the simplest of the steps.
Register on HashOcean
First of all, register yourself on HashOcean . For registering you will get 15 kH/s of mining power free, which is worth $4.65!!!
Buy Hash Power
Click on ‘Buy’ at the left pane as shown in the screenshot. As you can see, the lowest hash power we can buy is 20 KH/s, which is worth $6.20. Now click on ‘Get the Payment Address’button. It will give you a bitcoin address where you could send bitcoin and also the amount of bitcoin equivalent to $6.20 to be sent. Make sure to make the payment within 30 minutes (initiating the payment within 30 minutes is important, although it might get confirmed later).
So after 2 confirmations, you will find your amount deposited and you will have a total of 35 KH/s of hash power (including the free 15KH/s). Now this will pay you approximately 12 cents worth of bitcoin a day. You can choose to withdraw this profit amount or let it accumulate by selecting the appropriate option in the ‘Settings’ . If you want to be paid, then you will get the payment automatically to your specified bitcoin address once you have at least 0.005 BTC.
Pay Back Period
Your initial investment, in the above case (20 KH/s = $6.20), could be recovered in about 52 days if the daily earning is assumed to be 12 cents. It might, however, vary based on bitcoin price. Even after this, you will continue to earn at this rate and it will be your net profit! Obviously, if you invest more, you will earn more. Also, once you take out some profit, you may choose to accumulate the earnings and reinvest by buying more hash power.
Increase in Bitcoin Stock
This way, you are increasing the bitcoins with you. Since the deposit, profit calculation, and also profit payment, are in bitcoins, you won’t be hit by different exchange rates and such issues. You will surely and steadily grow your bitcoin stock. Just have a look at the below simple example
- Say $1 is 0.0025 BTC when you are investing. So you will invest 0.0155 BTC for $6.20 (20 KH/s). Hence your investment is 0.0155 BTC.
- As per current rate, for 35 KH/s power, you will earn about 0.0003 BTC per day. So in about 52 days you will earn 0.0155 BTC.
- On 53rd day, the 0.0003 BTC that you will earn is net profit. In the next 30 days, at the same rate of earning, you will make 0.0003 x 30 = 0.009 BTC, which is more than $3.5 when 1 BTC is $390!!!
Now that’s a decent profit for an investment of just $6.20 two months ago, isn’t it?
Similarly, for other investment amounts, the payback period is about 3 months. For this example, payback period is shorter because it includes the free 15 KH/s ($4.65) received for signing up. In short, you will be paid 1 cent worth of bitcoin every day for each $1 you have invested. This means in 100 days, you will get back your investment. In terms of power, for 20 kH/s power you will earn about 6 cents (USD 0.06) worth of BTC per day. 20kH/s power costs $6.20.
My stats so far are as below: (with 90 kH/s of referral hashpower and 20 kH/s of reinvestment of my own earning)
| Date | Particular | Amount in BTC |
|---|---|---|
| As on June 6, 2016 | Received 13 payments | 0.0677 |
| 21 Jan, 2016 | Bought 30 KH/s Hash Power | 0.02282 ($9.30) |
| 21 Jan, 2016 | Received 15 KH/s Hash Power free (Sign up bonus) | 0.01141 ($4.15) |
| 26 Jan, 2016 | Bought 20 KH/s Hash Power | 0.01556 ($6.20) |
| Till date | Total investment | 0.03838 |
This is the best and cool method to grow your bitcoins without doing anything! JOIN HASHOCEAN NOW!! If you join through the above link, I will transfer 2% of your first deposit amount in BTC as a token of gratitude!After deposit, let me know through the contact form or e-mail address in the Contact page