Topic: SHA-256 Contracts - No Payouts - page 3. (Read 768 times)
All cloud mining services have recently collapsed. I think that the only solution to this problem is related with green crypto mining. It will be able to solve the diminishing returns issue related to more costs and less rewards.
Huh? I thought everything was solved, because strangely this was the last twitter made by them:
Yes is solved but it back to 0 profit again when bitcoin drop too much. My hashflare account already have 0 profit for about 2 or 3 weeks.So, it still not fully solved yet.
I'm with those comments above about twitter they do usually make announcements but now it seems they aren't giving any word about this matter which is really very strange.
Conclusion= Any cloud mining investments wont really be worth at all.
Huh? I thought everything was solved, because strangely this was the last twitter made by them:
Yes is solved but it back to 0 profit again when bitcoin drop too much. My hashflare account already have 0 profit for about 2 or 3 weeks.So, it still not fully solved yet.
This is why no one should invest in cloudmining. It is worse than a Ponzi. Here's the number one question you should have asked- If it is so profitable why aren't they just mining themselves??
You are essentially buying the cloudmining company their hardware. You pay them upfront in Crypto full well knowing DIFF increases(usually) roughly every 2 weeks, hoping that by the end of the contract you will have earned enough BTC to cover your initial investment, your maintenance fees, any withdrawals fees, and have a profit. This normally does not happen, so the only way you make money is when the price of BTC has increased; and you could have earned that by Holding or even buying more based on what your maintenance fees would have been.
Then they have the ability to kill a contract after a certain period of time without refunding the purchase of the contract.
The only platform for that I would remotely suggest is Nicehash, because you can use it to jump in at a moments notice, or for a short time as it suits your needs.
You are essentially buying the cloudmining company their hardware. You pay them upfront in Crypto full well knowing DIFF increases(usually) roughly every 2 weeks, hoping that by the end of the contract you will have earned enough BTC to cover your initial investment, your maintenance fees, any withdrawals fees, and have a profit. This normally does not happen, so the only way you make money is when the price of BTC has increased; and you could have earned that by Holding or even buying more based on what your maintenance fees would have been.
Then they have the ability to kill a contract after a certain period of time without refunding the purchase of the contract.
The only platform for that I would remotely suggest is Nicehash, because you can use it to jump in at a moments notice, or for a short time as it suits your needs.
Well, and it won't be untill Bitcoin is back on top. Whatever you like it or not, market is going down. Look at what happens to Genesis
payouts are simply impossible with such btc rate
It’s sad that we allow this type of manipulation. Nothing should have this type of control over your lives.
Huh? I thought everything was solved, because strangely this was the last twitter made by them:
Quote from: https://twitter.com/hashflare
Throughout the last week our team has been focused on finding the optimal solution, that would allow us to resume mining SHA-256, and we are happy to announce that as a result of diligent work, such a solution has been reached. FMI:
When I say it's strange they do this post on twitter and do not post anything else on twitter is because they always liked to do many posts on twitter and now for some reason they do not post on twitter, this is strange, very strange
Well, and it won't be untill Bitcoin is back on top. Whatever you like it or not, market is going down. Look at what happens to Genesis
payouts are simply impossible with such btc rate
It’s sad that we allow this type of manipulation. Nothing should have this type of control over your lives.
Well, and it won't be untill Bitcoin is back on top. Whatever you like it or not, market is going down. Look at what happens to Genesis
payouts are simply impossible with such btc rate
Well, and it won't be untill Bitcoin is back on top. Whatever you like it or not, market is going down. Look at what happens to Genesis
Well!! BTC's value is droppping fast and while there have been no payouts that are greater than the current MEF it will mean that after 21 long and arduous days the Minning Contract will be defunct and withdrawn by HashFlare. As per the Terms below.
5.5. The Mining process continues until said mining is profitable. This means the Mining process will stop if the Maintenance and Electricity Fees will become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated (Hashrate type specific). During the consecutive 21 day period, Payouts and Fees will also be temporarily stopped. If during the suspension period, the Contract-related mining factors (such as the exchange rate and mining difficulty) that are outside of HashFlare’s control will change favorably, making mining profitable again, the Service will be unsuspended and contracts reactivated.
GOODBYE initial investment HELLO HashFlare profit.... so sad..
#whatcanyado #ripped #countingthedays #21days
5.5. The Mining process continues until said mining is profitable. This means the Mining process will stop if the Maintenance and Electricity Fees will become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated (Hashrate type specific). During the consecutive 21 day period, Payouts and Fees will also be temporarily stopped. If during the suspension period, the Contract-related mining factors (such as the exchange rate and mining difficulty) that are outside of HashFlare’s control will change favorably, making mining profitable again, the Service will be unsuspended and contracts reactivated.
GOODBYE initial investment HELLO HashFlare profit.... so sad..
#whatcanyado #ripped #countingthedays #21days
Glad to hear you only lost out on 2 TH/s.
I wouldn't advise trading at all. POS, means proof of stake.
It is a different kind of coin algorithm.
Basically, my advice was to buy a POS altcoin once, (I like Bitbean, Clams, and Pivx).
Send those coins to a staking pool. (Definite choice would be btcpop.co 2% fees, only, and one of the few platforms I would trust. )
And then those coins will passively generate new coins over time. (POS is essentially inflationary.)
It isn't just a magic gold mine though. You can still lose money, of course.
But I've found it to be a lot more stable, and if you are content holding, you'll probably eventually come out ahead.
Sorry about the USI-Tech bit. We all learn about bitcoin ponzi schemes one way or another... And most of us have to learn the hard way once.
Any other questions, feel free to ask. I'm just a little minnow in here, but I've done my share of dealings.
I wouldn't advise trading at all. POS, means proof of stake.
It is a different kind of coin algorithm.
Basically, my advice was to buy a POS altcoin once, (I like Bitbean, Clams, and Pivx).
Send those coins to a staking pool. (Definite choice would be btcpop.co 2% fees, only, and one of the few platforms I would trust. )
And then those coins will passively generate new coins over time. (POS is essentially inflationary.)
It isn't just a magic gold mine though. You can still lose money, of course.
But I've found it to be a lot more stable, and if you are content holding, you'll probably eventually come out ahead.
Sorry about the USI-Tech bit. We all learn about bitcoin ponzi schemes one way or another... And most of us have to learn the hard way once.
Any other questions, feel free to ask. I'm just a little minnow in here, but I've done my share of dealings.
Hey Shaw
Many thanks for your reply. Unfortunately I am a first time investor in the crypto space and all my research pointed towards the Hashflare platform.
As I don't have much knowledge in this area and wanted to start out small with 2 T/H contract I thought that this would allow me to get a feel for how the whole thing works.
I simply do not have the amount of time it would require to be watching the markets and doing live trades on alt-coins and prefer the passive income generated from these platforms with minimal effort and experience.
I will watch with interest as to whether there is much movement but atm it would appear that the HF MEF fees outway the profitability I guess due to the low btc USD rate.
I also initially got involved in USI-Tech and you may have heard that they also went south very quickly and the whole descended into a loss for many investors....
Would appreciate any feedback or direction in regards to alternates though. Always willing to listen.
Many thanks for your reply. Unfortunately I am a first time investor in the crypto space and all my research pointed towards the Hashflare platform.
As I don't have much knowledge in this area and wanted to start out small with 2 T/H contract I thought that this would allow me to get a feel for how the whole thing works.
I simply do not have the amount of time it would require to be watching the markets and doing live trades on alt-coins and prefer the passive income generated from these platforms with minimal effort and experience.
I will watch with interest as to whether there is much movement but atm it would appear that the HF MEF fees outway the profitability I guess due to the low btc USD rate.
I also initially got involved in USI-Tech and you may have heard that they also went south very quickly and the whole descended into a loss for many investors....
Would appreciate any feedback or direction in regards to alternates though. Always willing to listen.
Yep. There's hope left.
But bitcoin has to spike, or difficulty has to crash.
Don't think either of those things will happen.
So if I were you, I'd be looking to get a more stable replacement, like POS coins.
Hashflare is enjoying being able to confiscate your miners.
They likely pay a fraction of the electric fee they charge us.
Which means that they can continue to mine at a profit. --For themselves, this time.
That's how I see it.
Maybe I'm wrong, and they'll figure something out.
But ask the guys who shelled out for a "lifetime contract" what they think.
(Disclaimer: I'm losing too. Have 33 TH/s.)
But bitcoin has to spike, or difficulty has to crash.
Don't think either of those things will happen.
So if I were you, I'd be looking to get a more stable replacement, like POS coins.
Hashflare is enjoying being able to confiscate your miners.
They likely pay a fraction of the electric fee they charge us.
Which means that they can continue to mine at a profit. --For themselves, this time.
That's how I see it.
Maybe I'm wrong, and they'll figure something out.
But ask the guys who shelled out for a "lifetime contract" what they think.
(Disclaimer: I'm losing too. Have 33 TH/s.)
WOW!!! What is it with the "SHA-256 payout (BTC) less than maintenance (BTC)" that has been like that for the last couple of weeks!!
Can anyone shed some light on it and whether there is any hope for the contract not terminating after 21 days and potentially losing all of the seed.
Is there any hope in sight. THOUGHTS!! BTC
Can anyone shed some light on it and whether there is any hope for the contract not terminating after 21 days and potentially losing all of the seed.
Is there any hope in sight. THOUGHTS!! BTC
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