hashflare.io is pretty safe.
But if you look here, you'll notice that right now the best contract have payback period of 813 days. So it's more than two years just to break even. Most of the contracts (all timed ones) never pay back. For example 1-year ethereum mining at hashflare.io will give you net loss of around 30%.
There's a certain economical model. It would be profitable to mine if prices rise, but in this case more people will start mining, which will affect difficulty and make mining less profitable again.
Topic: Is it safe to join hashflare.io ? - page 2. (Read 5261 times)
Most cloud mining sites are scams, but scam or not, cloud mining is almost always a losing investment.
Regarding hashflare.io: even if it looks legitimate, it is still a money-loser.
For each 10 GH/s Bitcoin contract you buy, you will pay $1.20 plus $1.44 per year in maintenance fees. After one year 10 GH/s might mine 0.002 BTC, currently worth about $2.00. You might break even after two years, but it is more likely that you will never break even.
Regarding hashflare.io: even if it looks legitimate, it is still a money-loser.
For each 10 GH/s Bitcoin contract you buy, you will pay $1.20 plus $1.44 per year in maintenance fees. After one year 10 GH/s might mine 0.002 BTC, currently worth about $2.00. You might break even after two years, but it is more likely that you will never break even.
If that's the true calculation in cloud mining. Which means we are only wasting our time and losing or throwing money in the trash can. So Hashflare is nothing difference to other's mining sites.
Using hashflare.io is safe. It pays but does not pay well. I don't know maybe because mining does not really pay much.
Last year I tested giving it 0.01 btc. I did not get ROI because I got sick of waiting (about 5 months already) so I pulled out my remaining coins.
EDIT: Please take note that this happened a year ago. I don't know how things are going in hashflare.io right now.
Last year I tested giving it 0.01 btc. I did not get ROI because I got sick of waiting (about 5 months already) so I pulled out my remaining coins.
EDIT: Please take note that this happened a year ago. I don't know how things are going in hashflare.io right now.
I have tried many cloud mining sites previously till now i din't make profits them, really it is waste of our money in investing cloud mining. I have been in it over a year now till now i din't any profits from it. It is better and wise decision to learn about trading so that you will make more profit on your investment, in both aspects risk is involved but if you dare every thing will be in your control while you are doing trading. Don't invest in cloud mining you will loose your money.
if cloud mining was profitable you wouldn't be able to buy it because the company would just keep there mining power for them selves.
cloud mining is only profitable to the company that is selling it and not the user that buys it.
cloud mining is only profitable to the company that is selling it and not the user that buys it.
It's just like the company is getting money from its investor in a nice way by promising not to too good to be true interest rates.
Any type of cloud mining will always end up to collapse, why there are people who still doesn't want to learn from past experiences?
Maybe they are just new and doesn't know what a cloud mining is.
because they are still new then it is our job as a friend to explained to them what is the risk of cloud mining, cloud mining is a scam site, it promises a return of profit in a period time, but to be honest the site seldom has a mining tools, it just pretend that it has and after the owner collect enough money then it will run away with your money, be smart when you want to invest there are a lot of victim from cloud mining
They are lucky enough if they are being warned by those matured bitcoiner but with my experience someone didn't warned and educate me about this.
And I don't want that to happen to other people as well especially those newbie in bitcoin sector.
I don't want them to be disappointed whenever they will be invited to invest with this scamming investments.
Hashflare is still operating cloud mining but i wont still recommend it since bitcoin difficulty tends to rise every 2 weeks correct me if im wrong which means your payout would really got affected on the long run and mean you will achieve roi on longer months to come.Most of cloud mining sites are just scams thats why most people dont believe on this anymore.
if cloud mining was profitable you wouldn't be able to buy it because the company would just keep there mining power for them selves.
cloud mining is only profitable to the company that is selling it and not the user that buys it.
cloud mining is only profitable to the company that is selling it and not the user that buys it.
It's just like the company is getting money from its investor in a nice way by promising not to too good to be true interest rates.
Any type of cloud mining will always end up to collapse, why there are people who still doesn't want to learn from past experiences?
Maybe they are just new and doesn't know what a cloud mining is.
because they are still new then it is our job as a friend to explained to them what is the risk of cloud mining, cloud mining is a scam site, it promises a return of profit in a period time, but to be honest the site seldom has a mining tools, it just pretend that it has and after the owner collect enough money then it will run away with your money, be smart when you want to invest there are a lot of victim from cloud mining
if cloud mining was profitable you wouldn't be able to buy it because the company would just keep there mining power for them selves.
cloud mining is only profitable to the company that is selling it and not the user that buys it.
cloud mining is only profitable to the company that is selling it and not the user that buys it.
It's just like the company is getting money from its investor in a nice way by promising not to too good to be true interest rates.
Any type of cloud mining will always end up to collapse, why there are people who still doesn't want to learn from past experiences?
Maybe they are just new and doesn't know what a cloud mining is.
if cloud mining was profitable you wouldn't be able to buy it because the company would just keep there mining power for them selves.
cloud mining is only profitable to the company that is selling it and not the user that buys it.
cloud mining is only profitable to the company that is selling it and not the user that buys it.
... I have been using them for a few months, and all is fine, can take out whenever I want, support is good, and ROI is around 6 months for SHA-256. So roughly speaking you double your money in a year.
I don't know how you can say that ROI is 6 months, unless you forgot about the maintenance cost and difficulty increases.
10 GH/s costs about 0.00145 BTC and 6 months of maintenance fee is about 0.001 for a total cost after 6 months of about 0.0025 BTC. Even disregarding difficulty increases, 10 GH/s will mine only about 0.0015 BTC after 6 months. Realistically, you will probably never break even at hashflare.io at the current rates.
scam / ponzi, don't bother.
When I open the site,this is what appears when I open the site
http://imgur.com/Bxy8Jpz
So .. is it safe now or not ?
http://imgur.com/Bxy8Jpz
So .. is it safe now or not ?
Hi, don't use the above web address, I have no idea where it goes, but its not Hashflare. I think the responses on this forum have been rather negative regarding cloud mining, possibly because they have not been very discerning in their choice of site. There ARE scams out there, but Hashflare isn't one of them. I have been using them for a few months, and all is fine, can take out whenever I want, support is good, and ROI is around 6 months for SHA-256. So roughly speaking you double your money in a year. The only annoying thing about the service it that if you change your bit wallet details you have to wait 10 days before you can withdraw. If you want to give it a try use my referral link please, if you don't mind : https://hashflare.io/r/8344CDB1
If you liked my tips, buy me a cup of tea.... or even a beer
Bitcoin Wallet Address : 16gcQJ51g39b6hDfbWg1XHiiytCJVxCoyv
When I open the site,this is what appears when I open the site
http://imgur.com/Bxy8Jpz
So .. is it safe now or not ?
http://imgur.com/Bxy8Jpz
So .. is it safe now or not ?
It is not good to join and invest in cloud mining because they will pay some percentage on every day according to your investment like 2% , 3%. But actually they don't have farms setup at he back ground and how they are paying that much percentages in daily basis. I hope simply i can say is there are also same like hype site it's better stay away with those sites.
Similar cloud minings before also shows that similar not secure prompt and right after a week or two that ponzi cloud mining eventually locked accounts and or stopped paying their investors. It was not long that the site can no longer be accessible. It's best if you'll just stay away from any cloudmining.
It is too good to be true, just learn from other people's mistake and experience if you still don't have an experience with this scams.
Better not to put your bitcoins into risk with those cloud mining sites because they are total a bunch of scams and will just suck their investors money.
And if you don't know what happened to one of those so called 'trusted' cloud mining by its investors which is hashocean.
Try to google it and know what happened.
Better not to put your bitcoins into risk with those cloud mining sites because they are total a bunch of scams and will just suck their investors money.
And if you don't know what happened to one of those so called 'trusted' cloud mining by its investors which is hashocean.
Try to google it and know what happened.
Most cloud mining sites are scams, but scam or not, cloud mining is almost always a losing investment.
Regarding hashflare.io: even if it looks legitimate, it is still a money-loser.
For each 10 GH/s Bitcoin contract you buy, you will pay $1.20 plus $1.44 per year in maintenance fees. After one year 10 GH/s might mine 0.002 BTC, currently worth about $2.00. You might break even after two years, but it is more likely that you will never break even.
Regarding hashflare.io: even if it looks legitimate, it is still a money-loser.
For each 10 GH/s Bitcoin contract you buy, you will pay $1.20 plus $1.44 per year in maintenance fees. After one year 10 GH/s might mine 0.002 BTC, currently worth about $2.00. You might break even after two years, but it is more likely that you will never break even.
I think its at the first place not worth it anymore and that its indeed in the most case also just a ponzi too.
Most of this sites have a good refferal program. And only with this you will make money fast. In the long run you will lose your money. This is how this sites work. Was investing in such a site last year. In the first few weeks all was fine I reinvested my profit and a few days later the site was closed and i lose my money. After this day I never invest in one of this sites and I never can recommend to invest only a cent in this sites. Stay away of this shit and search for a better way to make profit with Bitcoins.
When I open the site,this is what appears when I open the site
http://imgur.com/Bxy8Jpz
So .. is it safe now or not ?
What do you think about cloud mining sites ? I already joined most of the cloud mining sites last year just to try if this is profitable but all cloud mining ive join is gone right now. It's been a lesson to me ill never joined any cloud mining sites agian most of it is ponzi and the not takes too long just loosing your BTC for not sure things that it will be back not a good investment. http://imgur.com/Bxy8Jpz
So .. is it safe now or not ?
Cloud mining sites are not safe and it will turns to scam in the long run so if I were you dont try to invest in cloud mining sites they are good in the first days after that they will start to fooling ppl. Just try to find another ways to earn some money dude
I've been with em for about a year now and nothing too serious has happened, so far they're like eobot where they haven't shown any signs of taking our money and running yet but this could happen at any time. Their support is up and running and they're actively answering questions so there is at least a little bit of dedication to the site as of now. Of course this could change at any point in time; if you value your money, do not invest too much into cloud mining schemes.
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