Bitcoin Forum

I'm just getting started in bitcoin mining. I wanted to buy a couple Antminer S9's, but those things are selling like $4000 on ebay. Even the January ones are going for over $3000. On top of that, I can't find anyplace reputable to host my miner because my house would never support multiple Antminer's running. I plan on buying 4 direct from Bitmain. But, even doing that is difficult since I have to deposit money in coinbase (which requires time to clear), then exchange bitcoin for bitcoin cash. Then buy. I'm in the middle of that process now and hope that by the time I get my miners one of the hosting places will have some space. I spoke to Gigawatt and they say they may have space come February.

In the meantime, I decided to try some cloud mining. I know, everything says cloud mining isn't profitable. But, with the runup in bitcoin, as long as it stays over $3K I think you will at least break even. Which probably explains why you can't buy any SHA-256 hashing right now. Only place that still sells is hashflare. Now, I understand there is a lot of anger over slashing their contracts to 1-year, but, I've also seen a lot saying they are a legit business. So, I brought an S9 equivalent 13.5 TH/s from them. I figure at current rates, that basically pays for itself in the two months I'll have to wait to get my S9's from Bitmain.

So, I have three questions:
1) Does anyone know reputable hosting companies that have space available? (Is Gigawatt reputable?)

2) Is Hashflare legit (aka am I stupid to buy more TH/s from them)?

3) What combination of pools should I use on hashflare?

Considering that all cloudmining is either a scam, ponzi, rip-off or all three - I wouldn't bother if I were you. However, to answer your questions:

1) jtoomin has some good reports.

2) No, it's not legit & Yes you would be foolish to use them. Don't use Hashflare, stay as far away from them as you can. Hashcoins are Hashflare are Polybius are Emercoin who are responsible for selling vapourware miners, keeping them for themselves to start Hashflare then organising scam ICO's (polybius) to rip off even more people before abandoning them (again).

3) Don't use Hashflare, stay as far away from them as you can. Hashcoins are Hashflare are Polybius are Emercoin who are responsible for selling vapourware miners, keeping them for themselves to start Hashflare then organising scam ICO's (Polybius) to rip off even more people before abandoning them (again).

The only good reports about Hashcoins/Hashflare/Polybius/Emercoin are from shill/fake accounts owned by them.

To summarize, don't. Just don't.

Interesting. Long time members seem to have very differing views on Hashflare. For example, IconFirm is firmly against while LightZ has been using them for a while.

I have been using Hashflare for over a year now .
I love it .

for the antminer part :
a friend of mine hosts his antminers and selfbuild eth mining rigs in a powerplant near town .that way he gets cheaper electricity and the rent isnt too high.

back to cloudmining
I have also been using EObot like haynes.
I would recommend both of them , but for different reasons .
for information on the 2 check out ->

https://bitcoineuropa.weebly.com/hashflare
https://bitcoineuropa.weebly.com/eobot

Contains a little summary of them both.
Good luck on your journey ;)

Which includes noob accounts with 1 post, of course....

My personal opinion would be that you should not trust hashflare. First of all, they have clearly ripped all of its customers off by replacing contracts that were initially bought by miners as "lifetime" with 1 year limited contracts.

This should deter you straightaway if you know how big a thing it is, it's pretty much potentially thousands of dollars lost.

Plus, hashflare has not proven to anyone that they are a long term, consistently profitable investment.

well , you gotta start somewhere , dont you ?
I do know why i like them and i never say they might not run with your money , but so far they didnt .
its still gambling but hashflare has the best odds imo.
I had a nice experience so far and am not affraid to share that .
There are so many scam sites out there that pop up and disappear but neither did eobot  nor hashflare.

Hate on it as much as you want.
The reduced contracts sucked but they upgraded their mininghardware at least twice and never had the customer pay extra for it.
and the 1 year contracts still have a nice output.
they had to do it to stay profitable and not vanish.
i prefer 1 year contracts over a company that is out of money in 1-2 years.

And for the 1 post part .. better drop my own oppinion instead of shitposting on a topic i have no clue about.
have a nice day

I want to answer only the second question. Yes it would be extra foolishness from your side to go and trust Hashflare. Hashflare changed their contracts term from lifetime to just 1 Year. Why not buy from Hashnest if you really want to buy more Ths although keep in mind 1 Ths daily is very low in bitcoin rewards. Hashnest at least is supported by Bitmain the producer of Antminers so it is standing the length of time and has not cheated anyone yet differently from Hashflare which changed their contract terms and this I call cheating. 

Hashflare was a legit cloud mining company. But I think it will soon  turn into scam, because:
1) Lifetime mining contracts where turned to one year limited contracts.
2) Withdrawals are not anymore instant and delayed.
3) Withdraw minimums where changed to over 0,01 BTC , so that many customers can't withdraw anymore .
4) Support needs weeks now to answer a simple question.
5) Mining power of Dash went to zero.

So you should find another way buy Bitcoin directly. There are several legit services where you can buy BTC like ATM, Bitpanda or from honest members here.
The pools are changing their costs and mining power. I experinced, that best results come with chaosing two or three pools and changing them as often as possible.

Just use the code HF18SVALDAY to get the 10% DISCOUNT

https://image.prntscr.com/image/jraXXIYWQb_M82YdNAS1og.png

I use hashflare since December. And regret it. At present Hashflare has a daily fee of 38%.
I need to reach 0.05 BTC by 55 days.
The minimum payout on Hashflare is 0.05BTC.
To get such a payout fast you should buy 15THs the cost currently $ 3300.
For a year contract. For the break even you need 440 days.
It is not worth entering at the moment.

I agree with you, I looked at them a few months back where someone had posted a referral link on Twitter.  Once they start changing the terms, that's a huge red flag.  Of course, I would say that lifetime contracts in general are likely to be at least concerning, a business model that sells too many lifetime arrangements would need to essentially exist as a Ponzi in order to keep cash flowing to the right places.

Just my view, they might be a great company but I didn't choose to use them for much the same reasons that you express concern above.

Best regards,
Ben

Good day to all
My name is Konstantin
I am a member of the project cloud mining hashcoins datacenter (hereafter HF) from the end of 2017.
A month after I started work my contract was increased the minimum salary by 2.5 times, and then raised the cost of capacity.
I put a little bit of money just was 4, 93 TX, but all considering. I realized that to get 0.05 btc (minimalka) at today's rate of $/btc taking into account the fact that the HF service cost is fixed in dollars and removed from the stolen money, it is simply impossible. Although the HF and promises to pay at the end of the contract all nominee matter is minimal or not.
However, the whole year is a lot today.
I then wondered what to do.
The increase in reinvestments (purchase of capacity from the leaked) at the rate of up to 20,000 is unprofitable.
The purchase of new capacities, after such changes, does not appeal to me at all.

The IDEA

what if you add up the contracts (capacity) different accounts of who is in the same situation,
on 1 account, thereby quickly increasing the power to expedite the receipt of the minimal salary from HF
and then distribute the money received without any minimal salary, in accordance with namelennym contractual parties.

I call it the pool of cloud miners (by analogy with the usual miners) or POM hashcoins datacenter SHA256

pool began working with 12.02.2018. While in the pool of 2 people, the third makes out the transfer of capacity.

I have developed detailed transparent statistics for the participants so that they can see the state of Affairs at any time.

After the transfer of the contract from the participant in my statistics, he remains under the same number
In fact for the participant, nothing has changed, just power is not on his account and on another and not in his possession.

When transfer of contracts to the HF shall pay to the participant on the balance sheet

Today, the capacity of the pool is 6, 93 TX

UPD on 03.03.18 power pool have 11,63 TX and the nearest payment date approached and it became 05.05.18.
For those who are in hashcoins datacenter 3-4 TX after joining the pool the deadline for receipt of money will be reduced by 3-4 times!

What do you think?
with respect

I want to try Hashflare for me too and see what it is. I have just found some promo codes for it on http://miningcashback.com What do you think about such a thing? Have you ever tried some promo codes for it? I would like to get some thoughts of yours on it :)

Don't.

All cloud mining is either a scam, a ponzi, a rip-off or all three - especially if it's operated by Hashcoins, who are well known & confirmed scammers. Their entire official thread was recently moved to the scam section by moderators.

That should be reason enough to not get involved.

I have been using hashflare for some time now
btc contract sucks, maintenance fee is like 60-70% of your daily earning with today's  BTC price (8200)
the contract is off one year, RIO is +400 day

So, HashFlare/Hashcoins create this shill account yesterday & post the same thing 16 times on every cloud mining thread in an effort to fool noobs into their cloud mining ponzi scam:

https://bitcointalk.org/index.php?action=profile;u=2053312;sa=showPosts

Proof enough to stay away from this scam. Neg'd & reported for fake account spamming.

Hashflair has changed, they start to betray their costumers and to rip them off.
Today the payout of Bitcoin was 64.9% smaller than from Genesis.
The fact is  that even with the loo price of 60$/TH with this 1 year contract you will not get the money out what you invested. you will get maybe only 41% back of your investment. so don't wast your money and ignore Hashflair.
With this amount what they pay out in the moment, the Bitcoin have to go to ~18800$ that you get your invested money out again, what is unlikely.
Today
Hashflair: 1TH  0.000008783505 BTC
Genesis:   1TH  0.0000250 BTC

Seems no more a very good investment, today's fees are around 80% of the payout!  :-\ ??? :-\

It was never a good investment in the first place, and this is likely stemming from the fact that as the price of crypto has fallen, they've also started to run out of investors for their 'mining' operations just to keep it afloat. You should not be looking at cloudmining as an investment at all when there's much better alternatives like lending or getting hosted miners out there anyways.

I don't trust Hashflare and strongly recommend against any investments. Hashflare is one of the worst legit cloudminers, limiting the contracts to 1 year and the high fees are really bad.

There's no such thing as a legit cloudminer.

Genesis Mining is ways better than Hashflare.

It couldn't be any worse - but that doesn't make it legit either.

Hi Friend:
I Think HashFlare Scam:

Who Play HF 2015 to 31-8-2018
can calculate:

1.total buy gh/s how much (2015 to 2018)

2 total earn Btc ( 2015 to 2018)

==> 3 year (total buy gh/s -  total earn Btc - fee withdraw)
if jun 2018 1btc=7600$
total earn btc exchange (btc: 7600$)==> USD

HF Scam Or not??????????????????????????

Hashflare isn't a scam but the profitability isn't worth investing

Still you may find the thread like hashflare cloud mining accounts locked by the team itself without any single notice to the user mate. I am not sure you will take these kind of issues is worth investing case. I want to invest on mining means I will never turn back to any cloud mining.
As I see everyone coming with the scam proposal and once they got the contract and payment. They just lock the website and leave as it is.
If you want to see the best choice in cloud mining still you could go with Genesis. I did not find many complaints on them.

Hashflare have 1 year contract only, so it is not so profitable. For real cloud mining - contracts must be untill you can have any profit. So Hashflare is not best profit maker, just medium one.  ;D 

Don't invest in hashflare, not worth it anymore.
Try 1broker its semi autopilot http://bit.ly/invest1btc (http://bit.ly/invest1btc)

You will earn more if bitcoin price rises 10x or else by continues rising difficulty you will not be able to reach ROI in a year or two and most likely your contract will end in few months if the maintenance and electricity fees becomes higher than the payout

http://i67.tinypic.com/6puo06.jpg  

I just received this e-mail from the Hashflare team yesterday:

Dear users!
 
As you know, the last few months have been a difficult time for the cryptocurrency market, which has also affected the operation of our service.
 
We have made every possible effort in order to resolve the problem that has arisen – for instance, we have considered a variety of technical solutions, which would have allowed us to lower expenses related to maintenance and electricity. However, due to the general instability of the market, the actions we have taken could not significantly influence the current situation.
 
For over a month our users encountered a situation when the payouts were lower than the maintenance fees, resulting in zero accruals to the balance. As of 18.07.2018, the payouts were lower than maintenance for 28 consecutive days.
 
BTC mining continues being unprofitable, in light of which we would like to inform you that on 18.07.2018 we were forced to start disabling SHA hardware and today, on 20.07.2018, stop the mining service of active SHA-256 contracts in accordance with clause 5.5 of our Terms of Service, which are required to be accepted when creating a purchase and are the basis of concluding the contract.
 
We expect that the cryptocurrency market situation will stabilize in the nearest future and we will be able to offer our users new advantageous solutions.
 
We will continue to inform you about any changes. Stay tuned for updates!
 
Respectfully,
HashFlare team


So I guess Hashflare is ending all the SHA-256 contracts effectively immediately, so I guess I lose my entire $500 investment right?  I should have listened.   Crazy. . . .

People (you seem to fit in that category as well) only learn when they lose money.

Let it be a lesson for you and be happy that it only concerns $500 and not thousands of dollars, because some idiots actually invest these amounts in cloud mining.

The thing is that before investing in cloud mining, you can pretty easily calculate how profitable or unprofitable it is, and not one single time in the last 12 months has any calculation pointed out how profitable cloud mining is. Every indicator points out that you are better off avoiding cloud mining, but people still invest because they want to generate passive income. ::)

"Greed" is the main reason why there are people who do blindly like to waste up their money into these cloud mining sites. Some are already aware but most people do just forget to do a in-depth research before investing which they are just being blinded by that passive income thing without even realizing or do forgot to make calculations first before putting up money and now they are starting to make issues and do already regret on what they have done. People do need to lose money before they do able to learn.

I don't think it has much to do with greed but more with stupidity.

Greed mostly hints towards generating more of something (money in most cases) through ways that offer at least some form of potential profitability, which cloud mining definitely isn't part of. If you also take into consideration that cloud mining is a very slow process when it comes to generating "income", the greed aspect plays even less of a role here.

Cloud mining is meant to be a long term passive income stream for people, which is why it's so popular. Stupidity makes them ignore/discard the fact that there are no profits to be made here, only losses.