I got my $2,250 from hashflare within 8 days or sth.
You mean refund?
Topic: Hashflare mining is not giving payouts anymore? - page 7. (Read 14615 times)
You mean refund?
There should be more payouts with higher btc rate. I don't think we can blame hashflare for harsh market conditions, cloud mining isn't sth stable 
All cloud mining services are quite similar, nothing surprising about hashflare difficulties right now. But these "payouts" make me sick to be honest. Probably you are right and we shouldn't blame 'em, I just want my profit back
There should be more payouts with higher btc rate. I don't think we can blame hashflare for harsh market conditions, cloud mining isn't sth stable
Hashflare has been a reputable mining platform for long, but hard times came. Cloud mining is risky stuff, maaan, we totally depend on btc rate now 
All cloud mining services have similar problems. Btc rate should be higher for us to gain, I didn't work with hashflare but heard some good stuff about them before, hope they'll resolve all issues, as far as I know hf is a big player in the field.
Hi guys I personally not sure how I feel about HF, but contracts were resumed and that makes me think its not a scam.
I also saw some posts on reddit where people got refunds so it inspires confidence
I also saw some posts on reddit where people got refunds so it inspires confidence
who cares. its a f*cking mining company, not some burglar planning to rob your house. You give your ID every day to various government agencies, telephone companies, utility companies, etc without batting a wink. Hell some buildings don't allow you to enter without seeing your ID, but here you are afraid that it will remain on their servers for ever!!
don't be so dramatic mate.
don't be so dramatic mate.
He has a point though. It's not a regular business you're dealing with, but a scam that will at some point vanish and who knows what they will do with your personal data. By having your ID and some basic details I can take out loans on your name, etc. In other words, no one needs to rob your house when ill minded individuals can rob you digitally.
Intead of taking everyting lightly, which is what average joes tend to do, try and be more paranoid. Your ID is a key, not just some worthless document.
Point noted, and I agree that your ID is not a frivolous document to be thrown at every scammy airdrop. However, not everyone online that asks for KYC is a scam.
With Hashflare, we have yet to see how it plays out.... They have resumed BTC mining since they claim they have adjusted their algo's to make fees less.
Why was this not done to begin with, and why did they need downward BTC price pressure to do this deserves some consideration.
Some, like preposter, still seem to having hope, that they will pay out. As I already stated, we will see latest on end of August around. At this time they will have to payout many contracts from last year (they cut lifetime contracts to one year). With their new KYC requirements they will eliminate many needed payments. Custumers like me wont provide them any data, because they are not trustable with their activitirs for the last 12 months (cutting contracts, 500$ minimums, ending dash contracts, taking money from new customers although mining results seem in their opinion not rentable ....).
I presume, that they will soon shut down their "mining services" or simply don't pay out and trap new customers.
I presume, that they will soon shut down their "mining services" or simply don't pay out and trap new customers.
who cares. its a f*cking mining company, not some burglar planning to rob your house. You give your ID every day to various government agencies, telephone companies, utility companies, etc without batting a wink. Hell some buildings don't allow you to enter without seeing your ID, but here you are afraid that it will remain on their servers for ever!!
don't be so dramatic mate.
don't be so dramatic mate.
He has a point though. It's not a regular business you're dealing with, but a scam that will at some point vanish and who knows what they will do with your personal data. By having your ID and some basic details I can take out loans on your name, etc. In other words, no one needs to rob your house when ill minded individuals can rob you digitally.
Intead of taking everyting lightly, which is what average joes tend to do, try and be more paranoid. Your ID is a key, not just some worthless document.
Point noted, and I agree that your ID is not a frivolous document to be thrown at every scammy airdrop. However, not everyone online that asks for KYC is a scam.
With Hashflare, we have yet to see how it plays out.... They have resumed BTC mining since they claim they have adjusted their algo's to make fees less.
Why was this not done to begin with, and why did they need downward BTC price pressure to do this deserves some consideration.
who cares. its a f*cking mining company, not some burglar planning to rob your house. You give your ID every day to various government agencies, telephone companies, utility companies, etc without batting a wink. Hell some buildings don't allow you to enter without seeing your ID, but here you are afraid that it will remain on their servers for ever!!
don't be so dramatic mate.
don't be so dramatic mate.
He has a point though. It's not a regular business you're dealing with, but a scam that will at some point vanish and who knows what they will do with your personal data. By having your ID and some basic details I can take out loans on your name, etc. In other words, no one needs to rob your house when ill minded individuals can rob you digitally.
Intead of taking everyting lightly, which is what average joes tend to do, try and be more paranoid. Your ID is a key, not just some worthless document.
who cares. its a f*cking mining company, not some burglar planning to rob your house. You give your ID every day to various government agencies, telephone companies, utility companies, etc without batting a wink. Hell some buildings don't allow you to enter without seeing your ID, but here you are afraid that it will remain on their servers for ever!!
don't be so dramatic mate.
don't be so dramatic mate.
He has a point though. It's not a regular business you're dealing with, but a scam that will at some point vanish and who knows what they will do with your personal data. By having your ID and some basic details I can take out loans on your name, etc. In other words, no one needs to rob your house when ill minded individuals can rob you digitally.
Intead of taking everyting lightly, which is what average joes tend to do, try and be more paranoid. Your ID is a key, not just some worthless document.
So far they asked for a verification by ID and selfie. Did so and it's processed now. Let's see if they allow payout then.
I cringe when I read how easily people send a bunch of con artists their ID and selfie. I don't want to scare you, but your data will remain on their servers for ever without any guarantees that they will delete it if you request so. Based on that I assume that the amount you plan to withdraw is large enough to for you justify sending them your precious data? I would have discarded my account if I was in your position, but everyone is different of course.
who cares. its a f*cking mining company, not some burglar planning to rob your house. You give your ID every day to various government agencies, telephone companies, utility companies, etc without batting a wink. Hell some buildings don't allow you to enter without seeing your ID, but here you are afraid that it will remain on their servers for ever!!
don't be so dramatic mate.
Hard to entrust such an untrustable service sensible data. Maybe there are users, who already provided their ID and report, whether they paid or not. There is a deadline,,I think around end of August, because they cut life time contracts to one year contracts a year ago. So they would have to pay out many contracts at this date, independent of the amount beeing under or over the payout minimum. Maybe they pay out a few customers to have proofs for new customers or they will shut down forever in within the next weeks.
So far they asked for a verification by ID and selfie. Did so and it's processed now. Let's see if they allow payout then.
I cringe when I read how easily people send a bunch of con artists their ID and selfie. I don't want to scare you, but your data will remain on their servers for ever without any guarantees that they will delete it if you request so. Based on that I assume that the amount you plan to withdraw is large enough to for you justify sending them your precious data? I would have discarded my account if I was in your position, but everyone is different of course.
They restarted the SHA-256 contracts again.
Received some btc to the hashflare account for this but looks like they stopped scrypt payments because I did not get anything from the 42 mh/s I have.
Yeah and the fee its still worse like before, i get about 12k satoshi and the fee is about 10k satoshi, more than 80% maintenance fee. Well... i don't expect something good from them. Received some btc to the hashflare account for this but looks like they stopped scrypt payments because I did not get anything from the 42 mh/s I have.
They restarted the SHA-256 contracts again.
Received some btc to the hashflare account for this but looks like they stopped scrypt payments because I did not get anything from the 42 mh/s I have.
Received some btc to the hashflare account for this but looks like they stopped scrypt payments because I did not get anything from the 42 mh/s I have.
Follow Up:
Just received an email that they say to implement an option for withdrawing amounts under the limit soon.
Just received an email that they say to implement an option for withdrawing amounts under the limit soon.
Well, they sent out a letter that they terminate contracts due to not generating profits longterm anymore.
In their FAQ they state that when your contract ends and the amount you have accumulated is still below the min payout you are allowed to withdraw anyway.
We will now see if they stand to their word.
So far they asked for a verification by ID and selfie. Did so and it's processed now. Let's see if they allow payout then.
In their FAQ they state that when your contract ends and the amount you have accumulated is still below the min payout you are allowed to withdraw anyway.
We will now see if they stand to their word.
So far they asked for a verification by ID and selfie. Did so and it's processed now. Let's see if they allow payout then.
I invested 100$ in hashflare mining at the end of 2017. Soon after the bitcoin price started declining and is declining at the moment. In this situation hashflare has stopped giving payouts and says that the mining fees are higher than the payouts. Can anyone suggest what to do next? the following is exactly what they say.
"Dear users,
Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible."
I read the same on their officiap facebook. You can do nothing, just wait what they'll decide to do and fix situation. Usually that's strategy of genesis mining to close your contract because of mining difficulty reason. To my mind they aren't scammers but if they won't be able to continue profitable mining for investors, then they have to return some invested money and give 100% back of investment - currently profited to new customers and them, who hasn't ROI-ed yet."Dear users,
Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible."
Thing is they have no ability to try and 'fix the situation' the mining difficulty has increased and that's that. The only way this situation could be fixed is if the difficulty goes down a substantial amount, which I doubt is going to happen. This is the thing with cloud mining, the company is either going to stop paying you when its not profitable anymore for them to pay you (a legitimate company does this, as they're looking out for their bottom line) or a company scams you. Simple.
Hashflare has been a reputable mining platform for long. For them to take such an action, really indicate seriousness on the effect of the low prices of the market.
Has Hashflare announced any steps to mitigate investors confidence yet?
Has Hashflare announced any steps to mitigate investors confidence yet?
Jump to: