Confused: seems hashflare 10 gh is 1.50 and 1yr but if investing .5 btc calc shows prfitable 3mo with stable growth with 50% reinvest.
Chang in contract was wrong but it was done but its not a 100% increase in price and still roi 3mo after 35% fee per.
Correct me if im wrong. New to cloud minning
Topic: Hashflare screwed us up. - page 2. (Read 6044 times)
The minimum withdrawal is 0.0106 BTC and when I asked the support about this high fee, this is what they said.
This sounds pretty legit. And their contracts are really profitable right now. Iam getting around 1$ a day with the fees and I only invested 60$. I have 0.55TH/s and Iam doing fine. Just do your research...
Code:
Hello!
At the moment, withdrawal amount will remain the same. Withdrawal limit was increased due to the fact that the network is overloaded.
In the past we tried our best to allow the minimum amount to remain as low as possible. This meant that there were a lot of transactions, that were significantly delayed or even declined in some cases.
This should ultimately help us provide a better service, ensuring the less frequent withdrawals come through smoothly and on time.
We are using third-party service for withdrawals. In connection with the continuing delays on their side, we have already begun searching for alternatives. However, this will not speed up the process in the network itself.
When the situation on the network changes, we will change the minimum withdrawal amount.
Currently, we are looking for a solution of this problem. At the moment, we can confirm that users will still be able to make a withdrawal in case if their balance will be lower than the minimum withdrawal amount by the time when their contract expires.
Please stay tuned for updates via social networks and newsletters
Kind regards,
Stefany
Hashflare.io Support Team
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So, what do you think of this guy?
https://www.youtube.com/watch?v=tfaoTBlTxLU
He’s invested $90.000 on camera and he is saying that he will have had his investment back in about three months. He is also saying more average investors who put less money would have their money back more or less in the same time.
Is he a scammer as well? Does he do it to get many referrals?
By the way, I’m not going to invest but I watched the video and though of doing some research.
https://www.youtube.com/watch?v=tfaoTBlTxLU
He’s invested $90.000 on camera and he is saying that he will have had his investment back in about three months. He is also saying more average investors who put less money would have their money back more or less in the same time.
Is he a scammer as well? Does he do it to get many referrals?
By the way, I’m not going to invest but I watched the video and though of doing some research.
^^^
I've just checked my account and I saw that minimum withdrawal is 0.1BTC.
By the end of the contract next year my estimated profit is 0.015 BTC, but that is without difficulty and hash rate increase over 1 year, which means it will be much lower.
You know, I won't be able to withdraw money even when my contract expires.
It's reminder of how stupid I was to donate my money to cloud mining shite
I've just checked my account and I saw that minimum withdrawal is 0.1BTC.
By the end of the contract next year my estimated profit is 0.015 BTC, but that is without difficulty and hash rate increase over 1 year, which means it will be much lower.
You know, I won't be able to withdraw money even when my contract expires.
It's reminder of how stupid I was to donate my money to cloud mining s
same shit happend I have some money there and I really need it urgent so when they increased withdrawal to 0.1 I dont know what point of it
maybe they exit scam
^^^
I've just checked my account and I saw that minimum withdrawal is 0.1BTC.
By the end of the contract next year my estimated profit is 0.015 BTC, but that is without difficulty and hash rate increase over 1 year, which means it will be much lower.
You know, I won't be able to withdraw money even when my contract expires.
It's reminder of how stupid I was to donate my money to cloud mining shite
I've just checked my account and I saw that minimum withdrawal is 0.1BTC.
By the end of the contract next year my estimated profit is 0.015 BTC, but that is without difficulty and hash rate increase over 1 year, which means it will be much lower.
You know, I won't be able to withdraw money even when my contract expires.
It's reminder of how stupid I was to donate my money to cloud mining s
The temporary minimum withdraw was bumped up to 0.2btc nearly a week ago then dropped to 0.1,
their notice said it should last a few days....
Unless you have invested thousand of usd/gbp no one will be able to withdraw.
So much disappoint. Hashflare is spiralling out of control to the point of no trust, I have not invested or re-invested since the price doubling and the contracts halving.
I have had copy and paste emails from their support team which shows no real regard for their custom.
They used the blockchain backlog a while ago as an excuse to increase fee's way beyond the time that the congestion had cleared.
and when I emailed them about it like, "Hey, You do know the block chains been cleared up for a few days now and your still giving us the increased fee notice?" -
They did not reply to me and the part of the FrontPage notice with the blockchain excuse disappeared but fee's remained the same....
I do have to say, I've seen a lot of people saying its illegal what they have done cutting the contracts but I expected this when I made my investment, if your going to take a risk you need to accept that it is risk and not put yourself out of pocket like some horror stories I have heard of people putting life savings into services such as these like total morons.
I read the contact before I invested, and I am sure I saw something about reserving to right to change contracts at any time without notice.
So if you agreed to that in the first place without knowing then you screwed yourself over...
The word contract is used often in the crypto world to promote the feeling of professionalism and honesty. When really ALL of them are just Non-Contacts, or fake contacts if you will.
Just signed up to have some input because I've had no one to talk to about hashflares shenanigan's.
What I would have recommended for a light investment a year ago I will say now to do yourself a favour and totally avoid this company.
- Dan
their notice said it should last a few days....
Unless you have invested thousand of usd/gbp no one will be able to withdraw.
So much disappoint. Hashflare is spiralling out of control to the point of no trust, I have not invested or re-invested since the price doubling and the contracts halving.
I have had copy and paste emails from their support team which shows no real regard for their custom.
They used the blockchain backlog a while ago as an excuse to increase fee's way beyond the time that the congestion had cleared.
and when I emailed them about it like, "Hey, You do know the block chains been cleared up for a few days now and your still giving us the increased fee notice?" -
They did not reply to me and the part of the FrontPage notice with the blockchain excuse disappeared but fee's remained the same....
I do have to say, I've seen a lot of people saying its illegal what they have done cutting the contracts but I expected this when I made my investment, if your going to take a risk you need to accept that it is risk and not put yourself out of pocket like some horror stories I have heard of people putting life savings into services such as these like total morons.
I read the contact before I invested, and I am sure I saw something about reserving to right to change contracts at any time without notice.
So if you agreed to that in the first place without knowing then you screwed yourself over...
The word contract is used often in the crypto world to promote the feeling of professionalism and honesty. When really ALL of them are just Non-Contacts, or fake contacts if you will.
Just signed up to have some input because I've had no one to talk to about hashflares shenanigan's.
What I would have recommended for a light investment a year ago I will say now to do yourself a favour and totally avoid this company.
- Dan
I used to use Hashflare before when their rate is still good and when I was still earning enough profit from the SHA and scripts I bought from them. But since then, to tell you the truth, after I received my ROI last year, the rate of profit that I earned from them daily was reduced to almost nothing. It's like I'm only earning 500 sat per day from the TH/s that I bought before. Perhaps if it is not from the referrals I had I wouldn't have reached my ROI till now.
I invested $400 and my per their calculation the total amount i will get at the end of the year is $343.28
which means i will not even get my money back.
These people have really scam me.
screw them.
which means i will not even get my money back.
These people have really scam me.
screw them.
And I'm guessing that calculation is based on the current mining difficulty. I'm gonna warn you it's gonna be even lower than that.
Hii I newbie here...I want suggest to Diamond dmd cloud mining it better than hashflare..
u should made own research before invest..
I have 12TH(1440usd old price) on hashflare profit daily around 3-4 usd after fee ....
with diamond dmd I put 460usd I get daily 5 usd depend on market price..
u should made own research before invest..
I have 12TH(1440usd old price) on hashflare profit daily around 3-4 usd after fee ....
with diamond dmd I put 460usd I get daily 5 usd depend on market price..
what happen with hashflare ? I see the contracts become 1 year only
This is why people here keep yelling that don't trust any cloud mining sites and you will be burnt to frustration afterwards when you don't get the ROI. Now just look at this almighty cloud mining site, it used to be heroic before and used to lay everyone daily but now they can't hold the thing properly hence started reducing the contract terms and trying to push many people or what can I say big investors out of the business so that they will reduce the payout loads. That's what happens when we invest into cloud mining. A very good lesson for non listener.
I invested $400 and my per their calculation the total amount i will get at the end of the year is $343.28
which means i will not even get my money back.
These people have really scam me.
screw them.
which means i will not even get my money back.
These people have really scam me.
screw them.
And I'm guessing that calculation is based on the current mining difficulty. I'm gonna warn you it's gonna be even lower than that.
I invested $400 and my per their calculation the total amount i will get at the end of the year is $343.28
which means i will not even get my money back.
These people have really scam me.
screw them.
which means i will not even get my money back.
These people have really scam me.
screw them.
Oh, thats why my contract is stopping.
Im not getting profit on them, even i just test it before. Deposit about 10 GHS and get some referal, but still this isnt good earning if they change it to 1 year contract. Because already 1 year and i just get about 32k satoshi from 0.001 Deposit before
Yeah that was suppose to happen one day because they will run out of the profit margins and won't be able to make any profits for us or the user no matter how much they might have invested. It's really a risky business and I hope you at least have got the return of investment back. Because this terms of contracts are very restricted and are not wirth giving you profits. There is no hash rate I believe which can be covered within a year of terms or even if you cover then by that time you will get only few bucks as profits. Better stay away guys, no cloud mining anymore.
Yeah this is completely unacceptable. They can't just change their contract without any sort of warning, and without any sort of agreement from their customers.
They were already charging maintenance fees for their service, they do not deserve to cut down the customers' contracts just for their benefit.
I'm lucky that i didn't invest in hashflare(actually i don't do cloud mining at all because they are all shady companies), but if you did please don't just stay quiet about it. Complain to their customer support, if they don't budge then try to get the founder somehow.
They were already charging maintenance fees for their service, they do not deserve to cut down the customers' contracts just for their benefit.
I'm lucky that i didn't invest in hashflare(actually i don't do cloud mining at all because they are all shady companies), but if you did please don't just stay quiet about it. Complain to their customer support, if they don't budge then try to get the founder somehow.
I think the support has no say on this issue. Then I don't think there is a chance they will budge really. Not sure where hashflare users could complain to compel hashflare to take it back. This is going to be a big issue in the next few weeks for sure. With enough people complaining for sure there would be some sort of action that will happen.
Send your complaints to
https://www.tarbijakaitseamet.ee/en
(E-mail to [email protected] )
And to
http://ec.europa.eu/consumers/solving_consumer_disputes/non-judicial_redress/ecc-net/index_en.htm
Another reason to burst those who believe cloud mining is the way to go about making money in the crypto world. If you will not be afford mining farm, the best is to just stay away from mining and this is one of the reasons. Someone who is waiting to ROI in one year, will have to wait for another year which is not even a guarantee that it will happen.
Its so unfortunate that Hashflare that has been trying to create a new name for itself and change the misconception about cloud mining, will just come out in one night to change the terms and conditions of a contract without even giving the right amount of notification to that effect.
I hope those who can wait for the long period of time can eventually get an adequate compensating return.
Terms and conditions would really be changed soon and I do expect that they would really do such thing.Considering that mining difficulty does rise as the days goes by which means lesser profits and longer ROI.I don't know why people do always think up that these cloud mining sites are worth to invest or putting up their money on such thing.I cant see any advantages on here so better to stay away or you will regret later and end up on selling your contract. Its so unfortunate that Hashflare that has been trying to create a new name for itself and change the misconception about cloud mining, will just come out in one night to change the terms and conditions of a contract without even giving the right amount of notification to that effect.
I hope those who can wait for the long period of time can eventually get an adequate compensating return.
Another reason to burst those who believe cloud mining is the way to go about making money in the crypto world. If you will not be afford mining farm, the best is to just stay away from mining and this is one of the reasons. Someone who is waiting to ROI in one year, will have to wait for another year which is not even a guarantee that it will happen.
Its so unfortunate that Hashflare that has been trying to create a new name for itself and change the misconception about cloud mining, will just come out in one night to change the terms and conditions of a contract without even giving the right amount of notification to that effect.
I hope those who can wait for the long period of time can eventually get an adequate compensating return.
Its so unfortunate that Hashflare that has been trying to create a new name for itself and change the misconception about cloud mining, will just come out in one night to change the terms and conditions of a contract without even giving the right amount of notification to that effect.
I hope those who can wait for the long period of time can eventually get an adequate compensating return.
That's what's been happening for quite some time now, you have to read ahead of time not afterwards at the issues the paper having with websites. For at least 2 years no one is dressed at that site at all so package you did means that you didn't do your research ahead of time if that's where you fell apart.
Need to research the sites fully before making investments in them.
Need to research the sites fully before making investments in them.
error08, I got all bitcoins back that I invested. But as I understand their reply, it smells like a ponzi or snowball system. Sell new hashrate to finance the payouts to old customers. So I will gladly sue them in court for that. All their arguments point to that direction...
Well, to me it looks like they planned this from the start... the following is an exerpt from my complaint after the ToS change...
I stopped talking to them and will take a lawyer...
Quote
(HashFlare Support)
Sep 12, 10:13 EEST
Hi,
Thank you for the letter!
We are a market player, not a market maker. We are forced to move with the trends and available resources. In this case, availability of hardware is lowering to a mark where we are not able to remain profitable in long-term. Equipment is not infinite nor does it work indefinitely.
HashFlare initially guaranteed and continues to guarantee one thing: the hashrate the user has rented will continue in full until the contract expires.
Equipment periodically suffers malfunctions and has to be replaced, this is included in the price. However, if there is a deficit of equipment, we would reach a point when we become unable to offer new contracts, due to available equipment’s hashrate being sold out. In the current situation, if contracts would have remained lifetime, this point would be reached a lot sooner.
The compensation, in this case, is the price they purchased the initial contracts with since it is considerably lower.
The calculations and projections have shown we have to move quickly.
All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018.
Best regards,
######
HashFlare.io Support Team
Sep 12, 10:13 EEST
Hi,
Thank you for the letter!
We are a market player, not a market maker. We are forced to move with the trends and available resources. In this case, availability of hardware is lowering to a mark where we are not able to remain profitable in long-term. Equipment is not infinite nor does it work indefinitely.
HashFlare initially guaranteed and continues to guarantee one thing: the hashrate the user has rented will continue in full until the contract expires.
Equipment periodically suffers malfunctions and has to be replaced, this is included in the price. However, if there is a deficit of equipment, we would reach a point when we become unable to offer new contracts, due to available equipment’s hashrate being sold out. In the current situation, if contracts would have remained lifetime, this point would be reached a lot sooner.
The compensation, in this case, is the price they purchased the initial contracts with since it is considerably lower.
The calculations and projections have shown we have to move quickly.
All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018.
Best regards,
######
HashFlare.io Support Team
I stopped talking to them and will take a lawyer...
Good job, I'm on your back. You must invested so much money in hashflare mining.
They just lose in cloud mining competition and decide to change the rules which harming many all of their customers.
Soon, their services will be closed and this is just an act to cover their expenses to pay customers and cut their lose.
And that's why invest in cloud mining isn't worth for long term due to mining difficulty that always increase over time.
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