Are you considering getting into the cloud mining game by joining Hashflare? Are you already an existing customer? Are you interested to know if this is a legit or scam company? If so, you may want to read our extensive Hashflare review. During this review, we will explore everything you need to know about this cloud mining service, where it stands as of now and if you can trust them or not.
What is Hashflare?
HashFlare is an online site, launched in the beginning of 2015, offering a range of cloud mining services. They are a division of another company called HashCoins, which was founded in 2013. Cloud mining is the process of mining cryptocurrencies via a remote data center, using shared processing power. This type of mining allows users to mine Bitcoin and other various cryptocurrencies without having to purchase, own or manage any hardware or software. Hashflare’s professed goal is to make mining accessible to all users regardless of age, location, investment or experience.
Like many other cloud mining services, HashFlare offers features such as hashrate allocation to pools, once every 24 hours a user is able to select up to three pools as well as what percentage of hashrate to use in their selected pools. They also offer lifetime contracts in which the purchased hashrate does not expire, 24/7 tech support, a functional control panel that displays the users statistics, revenue and its forecast, as well as a referral program in which the user can receive additional funds (10% of referred users purchase) from inviting new users to the Hashflare service.
 | Were you SCAMMED online? Recover Your Money Now! |
 | Crypto Betting Platform (CFDs) |
 | Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
HashFlare Pricing
HashFlare claims to have fixed prices, with no hidden fees or commissions. They have various cloud options for members to choose from. These cloud options are listed below.
SCRYPT CLOUD MINING – $11.50 per 1 MH/s
- SCRYPT Algorithm Miner
- Minimum Hashrate: 1 MH/s
- Maintenance Fee: 0.01 $ / 1 MH/s / 24h
- Hardware: HashCoins SCRYPT
- Automatic Pay-out in BTC
- In Stock
- 1 year contract
SHA-256 CLOUD MINING – $2.40 per 10 GH/s
- SHA-256 Algorithm Miner
- Minimum Hashrate: 10 GH/s
- Maintenance Fee: 0.0035 $ / 10 GH/s / 24h
- Hardware: HashCoins SHA-256
- Automatic Pay-out in BTC
- In Stock
- 1 year contract
ETHEREUM CLOUD MINING – $2.20 per 100KH/s
- ETHASH Algorithm Miner
- Minimum Hashrate: 100 KH/s
- Maintenance Fee: None
- Hardware: GPU Rigs
- Automatic Pay-out in ETH
- In Stock
- 1 year contract
ZCASH CLOUD MINING – $2.00 per 0.1 H/s
- EQUIHASH Algorithm Miner
- Minimum Hashrate: 0.1 H/s
- Maintenance Fee: None
- Hardware: GPU Rigs
- Automatic Pay-out in ZEC
- Out of Stock
- 1 year contract
DASH CLOUD MINING – $5.80 per 1 MH/s
- X11 Algorithm Miner
- Minimum Hashrate: 1 MH/s
- Maintenance Fee: None
- Hardware: Multi-Factor
- Automatic Pay-out in DASH
- In Stock
- 1 year contract
Why HashFlare’s Reputation is Plummeting
Contract Changes
Although HashFlare may have started out as a decent company with good intentions, it seems as though their decisions and actions of late have sent them on a permanent downward spiral. While conducting some investigative research for this unbiased HashFlare.io review, the amount of negative reviews and feedback we came across from actual members was truly astounding. Let us begin by looking at the current most prominent complaint found online from HashFlare users.
You may recall reading earlier on in our review that one of HashFlare’s features was offering lifetime contracts, as stated on their “About Us” page under “company.” Did you notice any lifetime contracts in any of the above listed cloud options they offer? Well, there is reason for this discrepancy. Recently HashFlare took the decision to not only cease offering these, but also to terminate existing lifetime contracts and convert them over to the current offering of one year.
This decision has led to outrage among users. After having read pages of complaints from irate customers in various cryptocurrency forums regarding the sudden change, it seems as though this has led to HashFlare losing many existing users as well as potential new customers. Some users threatened legal action, while others simply stated that they had been scammed and were no longer happy with their changed contracts or with Hashflare in general. It may be interesting to note that at the time of shortening the contracts, they also doubled their price. That is very unethical of them.
Scam Accusations
If you do some proper due diligence, you will come across multiple scam accusations against HashFlare. Some of these are truly disturbing to say the least. There are actually far too many to mention them all in this review, however we will go over the most concerning ones we came across.
The first accusation is that HashFlare does not do any mining at all and is simply another Ponzi scheme. One member posted saying in order to prove this, all a user has to do is look at Hashflare’s daily graph that shows their revenue as per 1Th/s. A user can point their hashes 100% towards Antpool and then look at the graph. They will notice that HashFlare’s graph is inconsistent with Antpool’s graph. This could mean any number of things. 1) On Antpool’s unlucky days, Hashflare is not affected and somehow has more revenues on that day. 2) On Antpool’s lucky days, Hashflare is not affected again and somehow misses the extra revenues 3) If the graphs are continuously inconsistent then one of them likely has a permanently faulty database. Also, HashFlare offers commission on newly referred members, this is often indicative of a Ponzi Scheme.
Another issue in regards to whether or not HashFlare does in fact do any actual mining is the lack of proof thereof. Some users claim they are legit due to the pictures they post on their Instagram account. However, can that really be considered hard evidence? Pictures showing some racks filled with a limited amount of GPU’s and two men working with or installing them fails to provide one important aspect, and that is proof of ownership.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
Unable to Reach ROI
Another concern is the fact that many users complain of not being able to reach their expected ROI due to the high maintenance and withdrawal costs associated with HashFlare. Yes, they apparently have a low entry cost, however, profit with cloud mining in general is typically very small and takes a long time, especially if you take into consideration the ever increasing difficulty in block mining. If you cannot cover all the fees involved you end up at a loss, unable to recover your initial investment and your account will be terminated. There is also no guarantee as to how long the company will remain afloat.
Look at the recent HashOcean’s saga, they were one of the biggest cloud mining sites around for about 2 years and were paying out their members ROI’s for a short period. Two years later the company went under with no pre-warning and many people lost a lot of money.
The next issue is the fact that the company HashCoins, that HashFlare is a division of, has also been labelled a scam by a lot of people. The main complaint against HashCoins is that they have never delivered any of the hardware they supposedly sell. Customers pay upfront but the shipment never arrives. In the first half of 2016, they were taking pre-orders for the Uranus vapourware but when all their customers started to make it known publicly that they were not delivering, they offered them compensation in the form of a cloud mining contract via HashFlare. To this day, many believe this was just a ploy to help HashFlare gain more customers. Today, HashCoins has been blacklisted as a scam on multiple websites and forums. The majority of positive reviews and comments found had referral links in them & those are obviously biased as those people are trying to earn commissions.
Popularity
HashFlare is a highly popular website. At the time of posting this review (20 September, 2017), their Alexa global rank was 2,557. Most of their traffic seems to originate in Russia and Ukraine, but significant numbers also come from Brazil, United States, India and Germany. According to SimilarWeb, more than 30% of their traffic arrives from referrals, mostly from mellowads.com, coinbux.club, and thepiratebay.org.
They are also advertised via email campaigns. We received a newsletter recommending them, and several other scams, such as Genesis Mining and BitClubNetwork, from bitcoincloudmining.org.
HashFlare.io Review Conclusion – Not Advisable to Invest With Them
After having spent many hours researching all available information on HashFlare, we have to conclude that the scale is falling more on the negative side of things than the positive. We could go on and on about how the CEO Sergei Potapenko is connected to various other blacklisted services such as HashCoins, Polybius & Emercoin, all of which have nearly identical team members on their sites and who actively link to, advertise and promote each other.
In addition, countless other complaints against Hashflare such as the support team not replying to any users emails or denying they have received certain payments. They have even been caught using fake reviews on their site (see image below), but if we did that this would end up being a never ending review which would take days to read. I hope that I have given you plenty of food for thought so far in our detailed HashFlare.io review, enough to help you reach a safe decision.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
There are some who claim HashFlare.io to be legit but there are many more who claim they are a scam. Understand that we have no dog in this ongoing fight, we simply wish for you to have all the available information in order to make an informed decision. Regardless of whether or not they are legit, cloud mining is actually not such a great investment these days. The profit is extremely small, takes an exceptionally long time and the majority of cloud mining sites turn out to be scams or Ponzi schemes. At the end of the day, you are taking a huge risk for a small return. It is just not worth it.
Review Verdict: HashFlare is a SCAM!
Blacklisted Site: hashflare.io
For legitimate alternatives, feel free to visit our Cryptocurrencies Day Trading Center.
All cloud mining services are similar. You take this risk in order to get the profit, but no one guarantees instant wealth. I worked with hashflare for couple years and I felt just fine. Market situation has worsen and it influenced everything a lot. I think we just need to wait it out.
Not really sure about that, I mean according your logic we can call all the companies “scam”, not only hashflare, we can even call BTC “scam” itself
DON’T MINE WITH THESE **SHOLES! A TON of BS involved here. I purchased several mining contracts, and there were problems from the very start. Nearly ZERO customer service unless you consider getting a response via email days or weeks later – somehow acceptable. My first mining contract purchase was made with Bitcoin (BTC), but between the purchase of the mining contract and the arrival of the BTC to Hashflare, the price of BTC decreased, leaving the entire transaction in limbo for WEEKS. There was literally ZERO customer service on this issue. I then had to buy more BTC and send in more than the mining contract purchase required in order to prevent the same thing from happening again. My excess BTC from the PURCHASE of the mining contract was NEVER refunded, nor was any additional hashrate applied to the mining contract to cover the difference. Then, down the road, eventually BTC dropped in price to the point where the “mining maintenance fees” exceeded the BTC production value. Instead of honoring the CONTRACTS and waiting for the BTC to regain or exceed it’s original price, Hashflare announced to all holders of mining contracts of BTC that it was “DISCONTINUING BTC PRODUCTION!” This of course was blamed on the “maintenance fee exceeding the value of BTC production”! This is DESPITE MY HAVING PURCHASED A 1-YEAR MINING CONTRACT! Instead of offering credit on whatever cryptocoins the active Hashflare mining equipment was being “SWITCHED TO”, there was NOTHING whatsoever done to accommodate, compensate, or titillate anyone holding an existing BTC mining contract! But that’s not all! Then, BTC, ETH, and etc. were slapped with “MINIMUM WITHDRAWAL AMOUNTS” that effective TIED UP THE CRYPTOCOIN BALANCES so that they COULD NOT BE WITHDRAWN by the holders of the mining contracts! Of course, the entire cryptocurrency market plummeted, and only holders of HUGE mining contracts had enough cryptocoins to meet the “minimum withdrawal requirements”. This meant that everyone holding a Hashflare mining contract basically lost their *SSES while the value of cryptocoins plummeted because all their crytocoins were tied up with Hashflare. Customer service regarding this issue: NON-EXISTENT! Weeks later, the BS response from Hashflare amounted to “We are working on this problem, and in the weeks/months to come, it will be resolved so that you can withdraw your cryptocurrency in lower amounts”. What a bunch of CREEPS! Then, if THAT wasn’t enough, Hashflare decided to implement “ID VERIFICATION REQUIREMENTS” to pull ANY of the mined cryptocurrencies out! These verification requirements effectively tie the holders of the mining contracts up for WEEKS and MONTHS to come! I went through HELL finding a phone number somewhere in the UK for this company, but it is really nothing more than a SHELL GAME, with NO HUMAN BEINGS AVAILABLE to deal with ANY OF THE ISSUES that were enumerated here. STAY AWAY FROM THIS LOSER-SCAMMING **ITHOLE of a TRAVESTY! WHAT A JOKE!
REFUND BALANCE CONTRACT FEE
===========================
JUST NOT to refund balance contract fee, FRAUD HASHFLARE.IO have done resumption of SHA-256 contracts. They must refund balance contract fee from 10th June. This again shows hashflare.io are scamsters. Payouts were not even doing the break even otherwise. I will publish this at all possible forums otherwise also you guys have become very famous as scamsters. Now you should refund the balance contract fee and resuming operations is just another EYEWASH.
I had purchased hashflare contracts at WHOPPING 220 USD per TH/s in end of January 2018. Payouts had been declining on daily basis while other websites have been paying as per old volumes.
From 10th June, hashflare.io have stopped paying what you used to pay as a formality too. I am exteremely happy to know that Mining Service of SHA-256 Contracts has ended w.e.f. 20 July 2018.
I have requested hashflare.io to REFUND my BALANCE CONTRACT FEE, from 10th june to the last day of various contracts I had purchased. They are not responding.
Hey guys! I tried to make a refund here in france but i met a problem – banks ask for all my docs, also they were asking why when and how did i meet w/ hashflare also why i do not pay taxes from these payments… it;s really crazy thing. hashflare is a player since 1024 i dont believe they are scams
REFUND BALANCE CONTRACT FEE
===========================
JUST NOT to refund balance contract fee, FRAUD HASHFLARE.IO have done resumption of SHA-256 contracts. They must refund balance contract fee from 10th June. This again shows hashflare.io are scamsters. Payouts were not even doing the break even otherwise. I will publish this at all possible forums otherwise also you guys have become very famous as scamsters. Now you should refund the balance contract fee and resuming operations is just another EYEWASH.
I had purchased hashflare contracts at WHOPPING 220 USD per TH/s in end of January 2018. Payouts had been declining on daily basis while other websites have been paying as per old volumes.
From 10th June, hashflare.io have stopped paying what you used to pay as a formality too. I am exteremely happy to know that Mining Service of SHA-256 Contracts has ended w.e.f. 20 July 2018.
I have requested hashflare.io to REFUND my BALANCE CONTRACT FEE, from 10th june to the last day of various contracts I had purchased. They are not responding.
It’s strange, Kamal. #hashflare always responds, try to chat with them in facebook, i think u will get an answer quick.
I was asking for a chargeback from SunTrustBanks but my request was happily declined. Waiting for a Hashflare refund, hope that they gonna pay us back. They have been in the field for a long time and they have too many customers to outsmart us all.
They have recently posted some updates saying that refunds are happening with some sort of delay cause it’s too many requests. They’ve been trustworthy for a long time, so don’t think we should worry too much. At least another month.
I’m waiting for a return for a long time too. When I wrote to their support, they said they have a lot of applications and asked me to wait
And I hope cryptomarket will recover again so there will be payouts again)
Yes, my bank is Wells USA and I got decline too. It look like I will get a remarked ch…
bla bla bla
Scammers.
Worst investment ever. The fee increase as the bitcoins price decline. While my contract of 1 years still ongoing, HashFlare did stop paying the investors (renters). In short, at 800 usa $ per Bitcoins, the HashFlare fee were 80% of the Th/s rented. So I was left with 20$ per day. Really not good at all. At 11 000 USA $ the profit after the fee was 40%. This company It’s a scam mining company like Avatrade Bitcoins future exchange. With or without regulation, these companies making profit only for themselves. They love money deposit, but one way or the order, they don’t want to share fairly. Don’t listen to the HashFlayre CEO on You Tube, he is just a puppet place to answer with lies to protect his job. This is why mining and ICO is just 99% scam.
Use B i n a n c e exchange to make profit. Up to 2 Bitcoin of withdraw without proof ID and citizenship. 0.25$ (25 cents) per trades fee no matter the size of the trade. B i n a n c e withdrew really good and It’s a good crypt exchange.
I think the only way forward now is to file criminal complaints. I am 100% certain that the hash power they operate is even less than 10% of the hash power they have sold to customers. It is a ponzi and a scam and all we can do now is to NOT let them run off with all the money. I have instructed my UK Lawyer to file the complaint.
which is result?
I had purchased hashflare contracts at WHOPPING 220 USD per TH/s in end of January 2018. Payouts had been declining on daily basis while other websites have been paying as per old volumes.
From 10th June, hashflare.io have stopped paying what you used to pay as a formality too. I am exteremely happy to know that Mining Service of SHA-256 Contracts has ended w.e.f. 20 July 2018.
I have requested hashflare.io to REFUND my BALANCE CONTRACT FEE, from 10th june to the last day of various contracts I had purchased. They are not responding.
Kamal
I have also lost lots Chris.
Can you let me know of a uk lawyer who is in knowledge of them
All suffering bcoz of their frauds should join hands and file legal and criminal cases against them
Kamal, i dont really thing that police can do anything, because then I spoke to my lawyer he told projects like #genesis #hashflare and all other are not under laws, bcoz of BTC – we have no official documents what is btc and how it works… just remember gambling, for a long time is was like btc so goverment could not do anything too.
I had purchased hashflare contracts at WHOPPING 220 USD per TH/s in end of January 2018. Payouts had been declining on daily basis while other websites have been paying as per old volumes.
From 10th June, hashflare.io have stopped paying what you used to pay as a formality too. I am exteremely happy to know that Mining Service of SHA-256 Contracts has ended w.e.f. 20 July 2018.
I have requested hashflare.io to REFUND my BALANCE CONTRACT FEE, from 10th june to the last day of various contracts I had purchased. They are not responding.
Kamal
i think ALL investments are bad to earn money. the best investment is education and skill, maybe C++, for example. #hashflare is not guitly here, this is a realy life dog
Good Day Gents
PPl Who Said Hashflare is fine , hashflare is good , please open your eyes and correct me if i am wrong and i am using their calculator to calculate the profit of 10000 Gh Equal 800 USD >>> Oh IT IS Ok Amazing you have a revenue by the end of the year about 1850 Usd And You Are Paying 800 Usd there is a profit 1200 USD IS Fair BUT WAIT There Is A Maintenance FEES And ELEctricity FEES .0035 USD Per 10GH SO The Yearly Fees Is .0035*1000*365 Days Which Equal 1277 Deduct them from 1850, Now You Have In Hand 572 From your Original 800 Usd (ORiginal money With loose about 225 Usd After a Complete Year)
Better For You To Buy BitCoin Directely Or Make You Own Rig, these Guys are Using Our Money To Keep their Assets healthy And Make Profits
I had purchased hashflare contracts at WHOPPING 220 USD per TH/s in end of January 2018. Payouts had been declining on daily basis while other websites have been paying as per old volumes.
From 10th June, hashflare.io have stopped paying what you used to pay as a formality too. I am exteremely happy to know that Mining Service of SHA-256 Contracts has ended w.e.f. 20 July 2018.
I have requested hashflare.io to REFUND my BALANCE CONTRACT FEE, from 10th june to the last day of various contracts I had purchased. They are not responding.
Kamal
Great post! Full Hashflare Review here! scamorno.com/Hashflare-Review-2018/?id=scambitcoin
Manipulted payouts by hashflare.io from 1st Feb, 2018
=====================================================
I purchased contracts @ 2.20 USD per 10GH/s. Now hashflare has no takers even for .60 or .80 USD per GH/s.
2 May 2018, hashflare.io dashboard shows my earnings 23.15 USD, I got net 10 USD. Instead of 35% maintenance they cheating by deducting whopping 65%.
29 April 2018 I got net 0.00086421 BTC, your payout dashboard shows 0.00226779 BTC. So I got only 38% of payout, 62% payout is EATEN UP/ MANIPULATED by HASHFLARE.io. I
DRAINED 7020 USD on hashflare.io as they promised 450% RoI. I will not invest single penny until I get that profit and returns.
EOBOT has doubled its 5 year contracts to protect its customers, hashflare is corrupt, greedy, manipulative, insensitive and working to make its customers BANKRUPT
Maintenance for 17Apr 2018 = 64.06% 1d revenue shown on dashboard for today is 24.47 USD. I got huge 8.62 USD NET after you deducted your LUXURY charges. SHAME on you
cheap guys. Looks there were no takers for 30% discount at 1.20 per GH/s. I was trapped by you at hefty 2.20 per GH/s. Now 25% discount? even after 30% was discarded
by your TRAPPED BANKRUPT CUSTOMERs?? This data will be the criteria for my future investments with Hashflare. Infact – This will be the criteria for each and every
customer for future investments with Hashflare.
PAYOUT per TH/s
===============
14.01.18 0.00014967
24.01.18 0.00011318
On 14Jan2018 I had got 0.00014967 which fell to 0.00009427 on 31Jan2018. This is SHEER CHEATING.
Look at the recent PETTY MEAGRE payouts:
04.02.18 0.0001002
05.02.18 0.00010583
09.02.18 0.00008932
10.02.18 0.00009174
01.04.18 0.00006665
10.04.18 0.00006957
02.05.18 0.00006693
Pls see some examples of my maintenance charged since 2 Feb, its UTTER MANIPULATION, CHEAP TACTICS.
Maintenance for 2Feb 2018 = 37.15%
Maintenance for 6Feb 2018 = 45.37%
Maintenance for 9Feb 2018 = 49.10%
Maintenance for 26Feb 2018 = 44.04%
Maintenance for 8Mar 2018 = 47.19%
Maintenance for 10Mar 2018 = 50.00%
Maintenance for 11Mar 2018 = 52.56%
Maintenance for 15Mar 2018 = 58.85%
Maintenance for 16Mar 2018 = 58.67%
Maintenance for 27Mar 2018 = 64.41%
Maintenance for 29Mar 2018 = 64.80%
Maintenance for 30Mar 2018 = 73.85%
Maintenance for 31Mar 2018 = 69.68%
Maintenance for 1Apr 2018 = 74.57%
Maintenance for 2Apr 2018 = 75.44%
Maintenance for 5Apr 2018 = 78.51%
Maintenance for 8Apr 2018 = 70.48%
Maintenance for 15Apr 2018 = 57.70%
——————
My payout for April 14 0.00256317 BTC
Maintenance for the same day 0.00166872 BTC
so 0.00166872/0.00256317*100 = 65.10% is the maintenance fee. This is happening for months now?? Can you correct this or you have rsorted to cheap tactics. I have
complained about falling payouts many times but no satisfactory / clear / justified reply received.
—————–
——————
My payout for April 13 0.0026989 BTC
Maintenance for the same day 0.00168192 BTC
so 0.00168192/0.0026989*100 = 62.32% is the maintenance fee. This is happening for months now?? Can you correct this or you have rsorted to cheap tactics. I have
complained about falling payouts many times but no satisfactory / clear / justified reply received.
—————–
On 5th April, 2018 you r showing FAKE revenue forecast of 0.00248009 BTC = 17.01 USD
my actual payout of today is 0.01091058 BTC after maintenance fee, it becomes USD 5.00
u guys r becoming CHEAP FRAUDS?? Pls see comments on your reputation below :
After a steep 50% hike in contract fee, Hashflare payouts have fallen down VERY VERY SHARPLY more than 50% – SHEER LOOT and CHEATING on investors. 35% Maintenance Fee
is FIXED, 220 USD per TH/s Contract Fee is FIXED, only this varies OHO NO DECLINES is PAYOUT.
Payout per TH/s on 14.01.18 was 0.00014967.
At new Fee 220 USD TH/s and Payouts of 0.00010491 per TH/s dated 3Feb2018, it needs 14.5 months to break even for a 12 month contract.
1st March Payouts of 0.00007758 per TH/s, everyone would be in losses not even recover the invested money.
Payouts reduced to almost ZERO after investing 7000USD. Hashflare.io maintenance fee is fixed, contract fee is fixed. Only thing what goes down is PAYOUT. 0.00006665
per TH/s as on 1 April 2018. You can’t even break even in many years for their 1 yr contract.
Just a few examples are mentioned below PETTY RETURNS PER TH/s:
PAYOUT per TH/s
===============
14.01.18 0.00014967
24.01.18 0.00011318
25.01.18 0.00012439
26.01.18 0.00011007
27.01.18 0.0000921
28.01.18 0.00009747
29.01.18 0.00009798
30.01.18 0.00010277
31.01.18 0.00009427
On 14Jan2018 I had got 0.00014967 which has fallen to 0.00009427 on 31Jan2018. This is SHEER CHEATING.
Look at the recent PETTY MEAGRE payouts:
04.02.18 0.0001002
05.02.18 0.00010583
06.02.18 0.0001097
07.02.18 0.00010777
08.02.18 0.00009962
09.02.18 0.00008932
10.02.18 0.00009174
01.04.18 0.00006665
10.04.18 0.00006957
02.05.2018 0.00006693
This data will be the criteria for my future investments with Hashflare.
Infact – This will be the criteria for each and every customer for future investments with Hashflare.
i “invested” ~0.0052 BTC in hashpower at Hashflare.io about 6 hours ago and got nothing but a message that the transaction has been timed out, i have proof that the target adress was right ect.
its simply the fact that they just took my BTC’s and dont respond to any email, nor do i see “hashpower” in my dashboard,i rather tend to call them a scam. Fortunally i invested only little money first to “test” them and my doubts about “eastern” especially “Russian” area about trustworthness are proofen right once more.DO NOT DEAL WITH THESE
They are more likely a scammer than anything else, also because of the status of a payment goes to “timed out” after “pending” since hours and after that you recieve nothing, why it is timed out why not still “pending” ? the reason is fraud,scam,betray , you name it
Wow I see a lot of beginners here. First all hashflare is far from a scam. One of the very first cloud mining to start. I been with them for at least 2 and a half years no problems and consistent payouts. If your TH/s is below maybe 10-14. Then just stop unless you plan on investing more. The difficulty is too high for you to make a ROI off of low hashrate. Especially with the year contracts. Also your forecast is not what you will be making in real time its a rough estimate. The minimum has been raised because the people that do have low hashrate would lose almost all of what they earned. Raising it to .05 ensures you won’t lose too much in fees. Support could be better but it’s kind of unexpected when everyone flooded the scene throughout Nov-Dec. Also for people not following hashflare is prepping for an overhaul to the site this year. Hopefully it comes with better support management and fixes a lot of issues people are having. People act like hashflare had these issues forever when they haven’t. So just chill and be patient and be thankful you don’t have to do your own mining.
You are sofa king we todded. Be thankful? No, be thankful if you can do your own mining because it’s easy. POS.
I cannot follow you. If you cannot make money with 10 TH/s, why do you expect to make money with 100 or 1000 TH/s? To calculate how much money you make with 100 or 1000 TH/s you only multiple what you make with 10 TH/s by 10 and 100 respectively. So if you are losing money with 10-14 TH/s then your loss will be 10 or 100 times with 100 or 1000TH/s.
My ROI has diminished by 25% within 1 month. This is incredibly alarming. The projected forecast for the 30TH/s I got was initially 1.6 BTC in a year. In a matter of weeks it’s down to 1.15. As an above reviewer also wrote, changing the pools seems to accomplish nothing. At the rate the ROI is shrinking, I feel I’ll be lucky to break even.
Difficulty increase is extending your ROI. And it will keep on increasing…
zfoukal, increased difficulty will reduce ROI, since hash will generate less revenue over time. Jon, Google “bitcoin difficulty chart” and select the first result for a good picture of what’s going on. A lot of people are getting into mining right now, which is in turn diluting the value of TH/s. I started mining at Hashflare in August. My daily revenue is now half of what it was when I first started there. I’m lucky that I already got my original investment back. On the plus side, the increased difficulty will be offset if the value of Bitcoin keeps going up.
Yes, I meant extending number of months to ROI through difficulty increase.
Mine too they gouged my return real bad as well . they are going to take off more than likely .they are running an add invest 300 dollars receive a 4% discount on btc cloundmining ..now remembering withdrawals are .05 and a contract lasts a year ..how is someone going to get their funds back?
REFUND BALANCE CONTRACT FEE
===========================
JUST NOT to refund balance contract fee, FRAUD HASHFLARE.IO have done resumption of SHA-256 contracts. They must refund balance contract fee from 10th June. This again shows hashflare.io are scamsters. Payouts were not even doing the break even otherwise. I will publish this at all possible forums otherwise also you guys have become very famous as scamsters. Now you should refund the balance contract fee and resuming operations is just another EYEWASH.
I had purchased hashflare contracts at WHOPPING 220 USD per TH/s in end of January 2018. Payouts had been declining on daily basis while other websites have been paying as per old volumes.
From 10th June, hashflare.io have stopped paying what you used to pay as a formality too. I am exteremely happy to know that Mining Service of SHA-256 Contracts has ended w.e.f. 20 July 2018.
I have requested hashflare.io to REFUND my BALANCE CONTRACT FEE, from 10th june to the last day of various contracts I had purchased. They are not responding.
Great post! Full Hashflare Review here! scamorno.com/Hashflare-Review-2018/?id=scambitcoin