Topic: Bitcoin Cloud Mining with HashFlare - page 11. (Read 143074 times)

STOP promoting your referral link, do you want to be banned form Bitcointalk?

Glad the report button is still effective...

New world record in hashrate 21679 PH, ship is sinking faster and faster, example at this difficulty increase: turn a 3000 USD mining account to a value of 350 USD in 6 Months. Hashflare will have to lower prices!

Says the guy shilling for a ponzi/scam:


Dude, what the hell is wrong with you? Are you seriously still shilling for that obvious ponzi/scam site that is unable to respond to google picture stealing accusations here:
https://bitcointalksearch.org/topic/m.20357467
and and plagiarism from Webzilla accusations found here:and here:
https://bitcointalksearch.org/topic/m.20360191

I'm not saying Hashflare is legit, but you promoting obvious scams is stupid and unethical. This thread is not the right place to promote that site or other scam sites. People in this thread are supposed to discuss hashflare and whether they have any proof of mining.

BTW, proof of mining is screenshots and pictures. It's actual hashrate pointed to a pool. Does anyone know how much is Hahsflare's total hashrate and to which of these pools do they point their hashes to?
https://blockchain.info/pools

Lets start from here, shall we?

it was profitable when btc was 20k and hashflare price was 1.50..

we should have an option to prepaid maintenance or something - that would cut back on btc loss

Lowering the transaction fees is surely a step in the right direction. The biggest obstacle here is nevertheless the increased withdrawal threshold and I hope they change this one back to what it was before.

We just lost 16.8% On the latest increase in difficulty. Also i seen irregularities in the payouts from the pools, one day was only 30% of what is supposed to be, day after, also very low, then suddenly a spike in payouts, however dont know whats it all about, some glitch.

I have to buy extra haspower for 500 USD a month to keep up with difficulty increase, but this costs more than i make from the mining, so sadly this is the case for all users of hashflare, but yet again, we will have a new difficulty change in 12 days again, so if trend continues, Hashrate/profit erodes by 50% per month roughly   Time is here for Hashflare to go down in price again or it dies.

They decreased it from 0.057 btc to 0.050568 btc. It's a step in the right direction. With the mempool further clearing (it now sits at 64,000 transactions instead of 175,000 compared to a week and a half ago), tx fees are lowering like crazy. What used to be 150 sats per byte for a confirmation in sixty minutes is now a 70 satoshi fee per byte for a confirmation in sixty minutes. Hashflare's users would benefit if HF batched withdrawals and made their fee per byte around 30-60 sats per byte. Let's hope for this.

I still see the 0.05 BTC limit? Decreased from which value you mean? I want the 0.01 BTC limit back but not gonna happen most likely.

Finally they decrease the witdraw limit. I hope I gonna take what I invest.

Thank God they have not Hashflares conduct of business yet.

Just a last thing to say about Crypterra, btw this is quoting their terms and conditions link is included.

IMPOSSIBILITY OF PERFORMANCE; SUSPENSION; TERMINATION

If the fees to each customer for cloud mining must be raised to 100% in order for Crypterra to remain in business without a loss, or if despite raising fees to 100% Crypterra Incurs a loss, Crypterra will suspend all contracts for cloud mining. Crypterra will turn the cloud mining back on once the fees are 99% or lower, however, following standard industry practice, if the fees to each customer for cloud mining are 100% and Crypterra is sustaining a loss for ten consecutive days, then Crypterra may unilaterally terminate all contracts for cloud mining completely, at its discretion and damages, if any, will be limited to those described in the LIQUIDATED DAMAGES clause of these Terms and Conditions.

It is the wish of Crypterra that these events never occur and we have great confidence that the price of BTC and/or other virtual coins will remain stable or grow over time. Our optimism is the reason that Crypterra continues to work hard to make sure all customers are happy and that the site is secure and interesting for its customers.

CLOUD MINING AND INVESTMENT

Cloud mining should be considered as no more than a fun, recreational activity and not a source of income or investment. Investing involves risk, including possible loss of principal.

In addition to the normal risks associated with investing and mining, cryptocurrency mining investments and related instruments may involve risk of capital loss from unfavorable fluctuation in cryptocurrency values, exchange-related risks, policy risks, liquidity, and market price fluctuation and demand. Crypterra does not trade, buy or sell cryptocurrencies for or with its customers.

The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy.

Link: https://crypterra.net/terms
There terms and conditions are the exact same as eobot
https://www.eobot.com/terms

Yes they made it the new normal, cause they wont let people jump ship, in a few days i will try the 10 USD withdrawal on Crypterra and report how it goes, i have more than that but since the BTC has plummeted i need to add little bit more to it to be able to effectively use it for my purpose.

I know that the restriction is still in place but the note about it being temporary is gone. Just how I imagined this to play out

Here is a guy explaining the Hashflare situation, https://www.youtube.com/watch?v=xIguQUi2AoQ what he talks about is the reason i signed with Crypterra instead, if you have problems connect to Crypterra, see info here first: https://bitcointalk.org/index.php?topic=2760542.new#new

For link to Crypterra, see below.

Hashflare profitability per TH Bitcoin mining: After fee: 0,97 USD per TH
Crypterra profitability per TH Bitcoin mining: No fee charged: 1,2 USD per TH

Price Hashflare per TH 220
Price Crypterra per TH 128

+23% income per Th on Crypterra, and 43% cheaper TH

Its still in force, when u hit the withdrawal button you see it.

After reading all this, it looks like cloud mining is dead! If only it was easier to buy the hardware

How much time takes to them receive the bitcoin deposit?
I made last week and i still have my contract pending...

I'm starting bad in this world.

Interesting that the announcement on the dashboard about 0.05 BTC being the temporary withdrawal minimum disappeared and seems to be normal now

Omg whats wrong with u ppl, its the current price that is used, no one can buy the prices that is no more, u cant either. So hashflare has nothing to offer, more than the pain to get the money out of there.

If u buy Bitcoin mining now: LOSS
Etherium mining: LOSS

As i said before, they are lending money from people and paying back less than they lended in the first place.

The founder of Hashflare is starting a bank, he understands this process. Maybe thats where the money is needed.