Bitcoin Forum

HashFlare.io has made something crazy today ..do this thing company preparing for something big or going out or something

Update 06.11.2017 16:45:00 UTC:
Withdrawals are enabled (except ZEC), however, the minimum withdrawal amounts have been temporarily increased for monitoring purposes. We estimate this to be reverted within 48 hours.
The temporary amounts are currently:
Bitcoin: 0.2 BTC
Ethereum: 5 ETH
Dash: 3 DASH

Thank you for choosing HashFlare!

If those numbers are true, I guess a lot of people will take quite sometime to make their withdrawals. 5 Ethereum really ? A mining computer with 6 Rx 580 cards can make barely 1 Ethereum for month so how come you need to make 5 Ethereum with this service in order to withdraw ? If they don't revert back to old minimum withdrawals I am afraid they are near to closing down shop.

They simply keep the money of most of their customers. Looks, like they are just turning into full scam. Really bad news, after they turned lifetime contracts to one year period.

ok so for now on iam really good with my "open-end" contracts on genesis minng (https://www.genesis-mining.com/a/797444) !
there is the current payout threshold 150 000 Satoshi but on start it was 50 000 they also incresed there ammount since satrting .....



regards

They’re likely not getting enough investors and enough profits from their “farm” to pay back people wishing to withdraw so putting up a high withdraw requirement is probably the last straw before they run for good. There’s little reason to put something like this up unless there’s issues with currency conversion, etc on their end. Wish they’d be more transparent about this. Remember that cloud mining is essentially gambling and to never invest more than you can afford to lose.

This is good for those who want to withdraw they earnings, but yes, it is a little bit strange because they are just enabling this when there has been a hack on ethereum, and of course, when there are only a few days left before the fork, it is strange, a lot of things happened today and we dont even know what is really happening, i am so confused about all this thing.
I have never trusted in hashflare because i dont like cloudminings, but that amount of money is huge, those who can withdraw are the lucky ones.

Looks like they are starting to trigger now, for those people that invested to hashflare better to pull out your funds as you can right now. Don't care about the increased minimum withdrawal, it's better to get it out now or it will hurt you to see them runaway with your money. I pity those investors that are still endorsing them to newbies here that keep on asking about cloud mining because they are trusting it and yet they are far from the minimum cash out. While it's still early and once you reached that minimum withdrawal or you can exit now, exit immediately many things can happen for less than 48 hours.

Quite suspicious, how can those investors that recently get in and still kicking themselves just to reach the minimum withdrawal. That's a big amount for a place to withdraw, exchange and gambling sites does even have lower threshold when someone wants to withdraw. It's the reason why I don't trust any of the cloud mining websites now, everything can happen at any moment and they can collapse. 5 ethereum for a minimum withdrawal? Oh that's totally nuts!

It might be a small sign for a bigger event on hashflare.  The "monitoring" reason is a bit off the road and considering how high is the increase on the minimum withdraw, makes it more skeptical on many ways.
Also, this move from them shows that they want to prolong the "holding" period for their customers bitcoins/altcoins. It sounds like they want to use these holded bitcoins into something that can benefit them.

I don't buy on that monitoring coming from them, how many hours have gone? Let's see if they will revert the minimum withdrawal, I'm not an investor of them but if nothing happens with the given period of time you know what to do and what to expect.

yes they said this will be resume in 48 hours ..but not sure if that will solve or not .so just waiting for there update on this ..as the minimum amount they mention is which high right now

Very strange, hope they dont go AWOL, I know they re not not so profitable anymore, yet I dont want to completely lose faith into cryptoworld.

I know only 1 single cloudmining options which has been right on the spot, the rest is either not profitable or scam big time.

It seems going with your rigs is the best possible option.

They had just reduced the term of contract for all their lifetime contract holders from lifetime(aka until the contract runs out of profits) to 1 year. Which is extremely unfair in my opinion and completely unjustified on their part.

Now they're trying to basically disable withdrawals since minimums are so high.

This is the beginning of the end of Hashflare in my opinion. Probably liquidity issues or something.

Those minimum amount to make withdrawal is just a sign how much they are in debt, don't know why people still trust all this cloud mining packages anyway. You can buy a full/real mining device with almost 2x power than what you could get from those cloud mining sites at the same price range.

Its always better to mine with real mining devices if you are really fond of mining but that will also become unprofitable if you don't have either free electricity or very cheap one.

Just LOL..

With my rig I won't be able to withdraw  even if I mine for the whole century, don't they think they have some customers that mine from home?

It is way too high, and I just can't see any reason for that, if it is hard for them to process withdrawals, they could have been charging a higher withdrawal fee, instead of just locking customers funds.

I am leaving HashFlare until they bring out any acceptable reason.

They made their move, And I visit my account since I have several ETH there, though I will not recommend to invest on this site anymore and to update the OP here's the new rates of the minimum withdraw of each available mining on hashflare

Quoted from Hashflare.io

However 2.5 ETH I still to high for the minimum withdraw lol

Even with the update from their side 0.1 Bitcoin is 750 dollars almost with the actual exchange rate. I don't know for you guys but I have never seen such a high minimum withdrawal and for me this is really suspicious. I suggest you to withdraw your ethereums as I think this website is near the end of their days so better to be safe than sorry.

Within the next few days. Somehow I think this will end badly. I only invested a low amount beginning of this year and wanted to make another withdraw these days.. guess I was late :(

That is still too much, $750 worth of withdrawal? So this is what happened with their for the next "48 hours" and they promised again to change it for next few "days". What are they trying to do with their investors, this is really going through into something. Did you ever withdraw your funds there already? If I were you I'm going to rush to quickly get out of their platform anyway. To those newbies out there just don't invest on them anymore.

I guess it's better to continue discussing these things on their main ANN thread - https://bitcointalk.org/index.php?topic=1164418.1360 . That will give them some knock to clarify more things about what's truly happening on their cloud mining service.

Well, you might see that it's also weird that only few people have posted so far about the withdrawal problem in that topic. There's 2 scenario I could see, 1. HF's users are sleeping 2. They accepted the minimum withdraw rate, it's O.K for them.

I have seen this behavior even with services that haven't anything to do with crypto at all -- it has never resulted in anything of positive nature. It's a sign that sooner or later the chances are on the higher side that they will either close their service and run with people's funds, or they will look to shut down in the way of going bankrupt in the hope they walk out in a legal way. If people don't take this as a major red flag, they are 100% delusional -- cloud mining in general is already a rigged market, but some services just stink. People should withdraw their funds whenever they reach the minimum requirements. Don't reinvest, and don't leave any funds on there.

Everyone should learn on this act of hashflare.io, that's something very suspicious and they are trying to kill those small investors as if those people are hoping to earn with their small investments. There's too much defense and good words from their investors before here and I'm just speculating about cloud mining questions before and it's the other one that has been preferred by majority here next to genesis mining. While it's early, get out of the mess that they are about to do.

these are the signs that they will close the site soon


" Withdrawals are enabled (except ZEC). FMI: http://fb.com/hashflare  Stay tuned for updates on reenabled features.
10:55 - 6 de nov de 2017 "

" Withdrawals are enabled (except ZEC). FMI: http://fb.com/hashflare  Stay tuned for updates on reenabled features.
10:55 - 6 de nov de 2017 "


"  We are extending the Halloween promotion until November 10. FMI: http://fb.com/hashflare
02:04 - 6 de nov de 2017 "

"  The following features currently remain unavailable until the work on them is complete: withdrawals (all currencies) and EMC payment option. "

" HashFlare.io is back online! The maintenance is almost finished. FMI: http://fb.com/hashflare
04:37 - 4 de nov de 2017 "

" As the workload required to complete the update is significantly higher than anticipated, the maintenance will continue until 4.11 13:00 UTC "

" The website is temporarily down for an unplanned maintenance while it’s undergoing a small update. ETA: 09:00 UTC
02:09 - 3 de nov de 2017 "


" We are temporarily suspending BTC payments and all withdrawals due to unplanned maintenance.
00:48 - 3 de nov de 2017  "

https://twitter.com/hashflare


Probably they do not have new investors, they have decided to implement this measure of 0.1btc of minimum withdrawal

after waiting for few months i decided to withdraw some of my ETH but unfortunately the minimum withdraw limit currently is not friendly, i don't even have 1 ETH to withdraw :/

again new update done this something now suspicious ...They are updated the minimum every day ..but still the minimum is quite high

Dear users,
HashFlare.io is back online! The maintenance is almost finished.

The following features currently remain unavailable until the work on them is complete: EMC payment option. Stay tuned for updates on reenabled features.

Update 08.11.2017 13:15:00 UTC:
Withdrawals are enabled, however, the minimum withdrawal amounts have been temporarily increased for monitoring purposes. We estimate this to be reverted within the next few days.
The temporary amounts are currently:
Bitcoin: 0.1 BTC
Ethereum: 2.5 ETH
Dash: 1.5 DASH
ZEC: 1.5 ZEC

Thank you for choosing HashFlare!

Well this is definitely fishy as hell here. Combined with their not so great reputation that stems from their customers not trusting them from previous incidents it's not great news for the company at the moment.

Would really recommend nobody buying into any contracts right now if they have shown the ability and willingness to basically defraud and delay withdrawals by all means possible and cut on costs. It's not professional and it's not moral.

Why are they even updating their minimum withdrawal amounts? What sort of monitoring information do they need to get from doing this? It's completely useless since they already can see information from every account anyways.

Just an excuse to reduce withdrawal demand for the moment in my opinion.

Hopefully this isn't the newest scam on the cloud mining block.

I think this is only temporary. They won't be requiring withdrawals of this size long term.

You still use these cloud mining sites???

Its hard to find a good one nowadays

Indeed, something fishy after they turned to change lifetime contract.
But now, they have changed minimal payout for their customers? Yes, they don't want to pay anyone and intend to keep every coin in their pockets. That's why many people says cloud mining isn't profitable anymore, as most of them reduce payment over time due to one and another reason. It's better to keep your bitcoin and wait until the best time to convert into cash or just keep it until you can easily spend it in your country.

Oh really! People are still awaiting their profits from eh hashfalre website? Come on guys after telling hundred time and creating thousands of repeat threads also people are not understanding that cloud mining stuff doesn’t work really. Its just Ponzi and attractive schemes to get the investors with real money and run away with it. I tried this site once and they changed the contract terms to 12 month, that was shit. And now they are making then minimum withdrawal to BTC 0.2 , are you crazy and can even calculate how much money it is ? It will take forever to reach that goal for small investors. People might have started crying once again and might be regretting that why they did not listen to those forum poster who were always being in the effort of telling us that these kind of investment are not profitable for long term because companies can change the terms and condition at any time. Period man!

I haven't see their official thread on here regarding on updates if they did able to revert it back or it just the same. Those numbers for minimum withdrawal is insane and they do said that they are monitoring something? What they do monitor? Investors do really have the rights regarding on their percentage and I cant really sustain for too long on seeing my funds pending on the site. I know that you know what I mean when it comes on possible scam later on. better to secure first than regretting on the end.

Well it's obviously temporary or at least they claim that it is temporary, but still. Hashflare doing this basically means that they have some sort of issue with their finances one way or another and want to pause payouts for some reason.

Also, they have previously done some shady stuff like basically manipulating contracts of investors.

It's not wise to trust them.

now its more difficult to trust them and invest more as they change there terms suddenly and make all old contact as one year .. not when we try to withdrawal they making some shady thing they said this issue has been solve in 48 hours
now you can its more then 48 hours not not solved ..now i thing may be some big problem they have in regard to money and new contract order are not coming out as due to there new terms so may be they have out of fund to pay there user not something else ..

Apparently that sounds plausible to me and they keep on changing their terms. That's why an investor should be aware of "subject to change without prior notice". And it's either they want people to pull out immediately or they are really into something dark.

---

Just quit and withdraw all your funds if you reached their minimum withdrawal.

I don't think they are in "debt" i think because of lack of new "investors" they can't continue to pay "old investors".
I always thought there are only few real cloud mining sites, but with this i am sure there is not a single one cloud mining site(unless I see mining equipment, of course).

people still use this shit after they cancelled all lifetime contracts?

If this is true then this is a clear sign that things are not going well while I do not have experience with that particular website every time I read something like that happens is because things are about to get more difficult so if you can get your money out there, do it as fast as possible and if you do not then you need to have that as a very high priority, as soon as you hit the minimum to withdraw do it and never look back.

They have not even touched this frontpage message in 4 days.
The Halloween promo message is still sitting there too, 2 days overdue.

Nothin but tumbleweed at hashflare, not good signs :/



Also, the out of money thing shouldn't even be a thing, I didn't pay for bitcoin, I paid for mining. So even if the website is on low funds it shouldn't matter because your not taking their funds, you pay for hardware that produces the funds. Smelly like a Ponzi fish.

It indeed doesn’t look good. I’m glad I didn’t put much money in it but it would be great to do another withdrawal.

I am sticking with them for now, since they pay more than any mining company out there. I have been mining with Genesis-mining for the last 3 years and still do and their pay is way lower than Hashflare. I get two times more payment from HashFlare then Genesis-mining. Give them sometime, I am sure they are working on something to fix it. I bought 1 TH from them like 4 months ago and got my moneys worth already. I am sure others can say the same.

That is right but you buy your own hardware mine the bitcoin right. You connect your miner to any network pool and you can start mining with that. Once the mining threshold limit is up you should not do anything. It will automatically received your wallet address you have added to receive the mining rewards. Then why you still stick with the hash flare or Genesis mining sites.