Bitcoin Forum

I invested 100$ in hashflare mining at the end of 2017. Soon after the bitcoin price started declining and is declining at the moment. In this situation hashflare has stopped giving payouts and says that the mining fees are higher than the payouts. Can anyone suggest what to do next? the following is exactly what they say.

"Dear users,
Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible."

I read the same on their officiap facebook. You can do nothing, just wait what they'll decide to do and fix situation. Usually that's strategy of genesis mining to close your contract because of mining difficulty reason. To my mind they aren't scammers but if they won't be able to continue profitable mining for investors, then they have to return some invested money and give 100% back of investment - currently profited to new customers and them, who hasn't ROI-ed yet.

Yep, this is true according to their official facebook page: https://www.facebook.com/hashflareb/

A dire situation to be in for sure as an investor. This is why I don't believe in cloud mining whatsoever. You don't know whether they are being honest, or using this as an excuse to not pay out anyone. All the statistics are on their side, and they can manufacture payout stats and all that once you invest.

Plus, you have no flexibility whatsoever as an investor. If you just invested in bitcoin itself, you can still hold until the bear market is over. But with this contract that they have, you're guarantede to lose money. Idk what you can do in this situation, honestly. Because they've got all the control over your funds.

Not to mention that Hashflare has been shady af with cutting down contracts from lifetime to 1 year, and this is just adding to their untrustworthiness. Don't invest with them at least, but I'd say cloud mining in general is a no-go.

If that exact situation you need to move from the hashflare to some other profitable cloud mining to swap the present condition for mining purposes bro. I see many people already confirmed that it has been shared on the facebook page I guess bro.
To say the exact issue of yours you should skip from the cloud mining completely and switch to direct mining mate.

There is always the risk involved with mining and yet cloud mining is no exception. I have never tried hashfire nor any other provider out there in the past but what seems to me is that it is hard for them to keep clients to be satisfied on one end and on another to make profit. Well if dificulty goes more and price don't increase much they might close at the end of the day if they don't succeed to pull this though.

Didnt see a reason for them to make some refunds for those who invested. Its possible for new investors but not on the ones who didnt able to reach ROI midway.We cant really able to say they are scammers since they do had really the valid reason why they dont able to give you payout due to difficulty rise and of maintenance fee which is the cause that you dont even have the chance to gain if you had invested. Hundreds of times being said before that cloud mining arent really worth to invest at all.

Try to wait for the price of bitcoin to increase in value, currently the value of bitcoin is much lower and not only there but all of the miners are getting less income from their mining. If the price of bitcoin will increase then you will get some profit from there.

Many of the mining companies stop getting income from the mining at the time when the price of bitcoin decreases. Remember the time of 2013 when the price of bitcoin started to decline many of the cloud mining websites stop their work and shut down. After 2016 when the price increase some of them started their business again.

Unfortunately, this is the result of the maintenance fees being more than that you are making from them. That's what makes cloud mining such an unprofitable venture, which is exactly the opposite of what some people try to pitch to you on platforms such as Youtube.

Bitcoin prices have defintiely gone down, which is potentially why this is happening. However, it could just be another one of the tricks that they play (just like they did with lifetime contracts) in order to avoid paying as much.

BTW, can anyone confirm that are all users of Hashflare being affected by this? Or just the people who bought their contracts at times when they were extremely pricey? Either way though, it's best to steer clear of cloud mining altogether, especially HF.

People are ignorant and too stupid to understand that it is nearly impossible to generate worthwhile passive income in this industry. Everything promising you high rewards is mostly a scam by default.

The only somewhat viable way is to get involved in certain lending platforms that in return for your coins you get a certain percentage interest, but the viable aspect makes it very low rewarding. Low risk equals low reward.

This isn't the stock market where you can park your capital in dividend stocks. The only dividend alternatives in this industry are POS coins, but these only tend to lose value, which makes your dividends worthless.

Why actually maintainence fees becoming the trouble for the past few months mate. I want to invest 500 USD in cloud mining contract with in some months that should be goes with the fees alone who will going to invest on the cloud mining mate.
That is reason many of the people really not suggesting the cloud mining as a investment for making profit. Even the contracts rate also high when compare these days.

People are complaining about the hashflare payouts whether they are saying the problem is maintenance fee and this not the case to consider. The main reason is they are not getting more investments from the investors and this makes them fail to pay the payments. Soon another cloud mining going to become scam.

This is the problem with cloud mining, once it isn't profitable for the COMPANY that you paid to have the contract. They're going to stop paying you, it's in the terms that you signed when you bought the contract itself. It sucks, but this is the problem with not owning your own equipment.

Valuable lesson here, cloud mining is either a scam or isn't profitable.

Mining as a whole at this moment in time is extremely risky as difficulty's going continually higher on all chains and coin prices keep going on a downward swing- I'm not even going to take a look at mining gear in the near future unless things change with pricing. GPU profitability's continuing to slip and the time to break even on most GPUs are near or over a year at $0.10/kWh, FPGAs and ASICs are being developed left and right for every profitable algo imaginable, and it's just a shitshow in general for mining with the incredibly high risk that's present right now. I love mining, but I'm likely going to switch to temporarily just buying coins instead of investing into new gear.

$100 isn't a very significant amount of money to lose (and I'm not taking the coins you managed to withdraw into consideration) if you learn a lesson here and stop gambling by putting your money into cloudmining. In the future, consider buying and holding coins or find ways to get gear hosted if you're unable to mine at home. In cloudmining, only the seller of hash wins and not you- in a situation where the hash seller actually mines, having people purchase cloudmining contracts offsets the risk of mining onto you, the purchaser, instead of the hash seller.

It all depends.

In 2016 I invested 800$, got it 3 times back in 2017.
With the return I invested 2000$ wich is not paying out anymore.
I took screenshots from time to time and for example in january 2018 at the peak of Bitcoin
the revenue was somewhere around 35$ a day.

From my point of view they should continue mining or at least are doing in now without paying their clients out.
At a time Bitcoin will get interest again and I'm pretty sure it will rise above 20K.

That said, If we keep mining now and price goes up big again soon or later.
We can make much more profits but.. I really understand why they do this.

Let us say 1000 investors want their payments and BTC goes to 2k.
They can actually go broke and everyone is losing their money.

In the end I'm still running my GPU rigs on solar energy on ETH wich are mine due to the above fact.
I will pay the extra energy if needed from some savings I made before to overcome the dip.

Let's keep positive here. The power of blockchain is huge. For instance gaming platforms that are getting developed now.

Passive income and with less work, No human would really refuse to that offer this is why fools would always exist if most of them already learned doesnt mean the cycle wouldnt continue. New people recruits other people would still continue the chain. They are being fed up thats why they do exist for scam cloud minings continously. We arent lacking for keeping advice and warnings but people are too hard headed they do only realize when they already lose up money.

Not really. If you read through the terms that most cloud mining providers (scam or not scam) handle, they can legally get away with it and for that reason don't have to run.

People should blame themselves for this and not HashFlare. If you before investing know that the day will come where your contracts or shares won't be paying out anymore, then you have no right to complain or moan about the situation afterwards. If you are man enough to buy into cloud mining, then be man enough to accept the risks and each outcome associated with these risks. It makes no sense to complain about something from which you know it will happen with continuous difficulty increases.

Hell everbody

I want to report abuse in work and cheating  from company  HashFlare ( website: Hashflare.io ) too.
The way they cheated me, and i am believe that i am not only one, it is for police investigation.

I invested $ 3,000 into Bitcoin Cloud Mining on a one year.
But after 6 months, I get messages that their costs are higher than earnings and
that we can not earn more from mining. If it is correct, let the company declare bankruptcy.
Likewise, if company can not mince Bitcoin, let to switch to another crypt that is cost-effective.

If I bought a btc directly, I would have 0.3, but I did not even reach half with mining. And yet, they have been prevented from further mining, it is criminal.

In this moment I am lost $ 1700 in this company as well as many others.
They steal every day on existing clients and newcomers
who do not know they are scammers and what awaits them.

We was accept the risks of changing the value of crypts,
but that their negative business breaks on our back, is unacceptable and criminal.

We need to report this case police.

I don't see this as a tenable excuse for why they are refusing to do payout even after investing since 2017 which is going to 2 years counting but unfortunately the reasons they are giving is verifiable and there is nothing that can be done otherwise than to wait. But at the same time, it does not remove the fact that they should be held liable. Companies in the business world does not always have a good year sometimes they make less profit other times they make huge profit but rather not turning out dividend to their investors, they would reduce the profit and sometimes would still maintain their previous profit by ploughing back into the profits they have accumulated during the period of boom. What would have been ideal is to restrict the amount to be withdrawn depending on the classes of amount invested, find a way to cut down costs or plough back to the good times profit made when bitcoin price went all time high.

This is why I stop investing in cloud mining because instead of making a profit for your investment you end up losing your investment I hope that new comers can think deeply before they invest in cloud mining if you have that large amount of money why you still invest in cloud mining? You can build your own mining rig or you can buy an ASIC miner with this amount of money. The only solution that I know for now is to request a refund of your investment if they don't give all of your investment this is another scam just like what happened to scrypt.cc and other cloud mining site. I hope you learn right now and be smart when dealing online instead buy your own hardware to mine bitcoin or altcoin to make you profit without needs of any cloud mining.

They are using SHA-256 mining hardware which is not very effective in terms of power consumption.They pay so much on electricity unlike Other mining services (Genesis,Viabtc,hashing 24) using ASICS. It is sad indeed :(.I hope the price of bitcoin rises soon to compensate for the hashrate spike.

Also they set their minimum payout to be 0.05 btc.I own 2.5TH with them and my payout on the dashboard is less than 0.05 btc.They are saying I cannot mine more and I cannot withdraw what I already mined.Even when bitcoin transaction fee is at its lowest in recent times. Hashflare is  fraudulent.

How do you know that? Don't assume that because of certain variables work against them that miners are unprofitable. Miners can claim at any time of the day that their operational costs have increased, or that they are no longer able to continue as they were doing. It's impossible for anyone here to verify. It may very well be, which actually is the most likely scenario, that they just aren't interested in paying people. Cloud mining services have always an unverifiable advantage over the rest of the market. They know that and they know exactly when to abuse it, and people continue to use them....

This things happening because they are getting any investments and this makes them to pay lesser amount to people. It is just like daily percentage as long as they get investments they will pay. Once the investments gets stopped they will not pay to investors on daily basis and saying maintenance and this and that. I hope soon it is going to scam us.

So you can try to find better BTC mining company. As you can see all mining now is negative, so you can loose only, not make profit. But there are also a lot of scam mining companies, so you must take care to find real one.  ;)

Actually everyone already knows that cloud mining is a disadvantage. But I find it strange because they are still interested in cloud mining. This is why I am currently saying that people who invest in cloud mining are people who are prestigious and can not think well. They are desperate and ultimately choose a wrong thing.

Those two reasons are enough to stand back from cloud mining or even mining by yourself.
Bitcoin difficulty keeps increasing due to many big companies join into this industry such as GMO in Japan has been developed and sell 7nm bitcoin mining chips which give 24 TH/s.
GMO miner B2 will be sold through the company’s subsidiary in Zug, Switzerland, according to Nikkei. They will be on sale starting Wednesday and orders will start shipping from the end of October, as news.Bitcoin.com previously reported.

The price for each unit is “announced monthly,” the publication added, revealing that the “sales price in June is $1,999.” Itmedia described:

The price for the June release is $1,999 (including power supply unit, excluding tax). The sales price is adjusted monthly according to demand etc. The number of shipments was kept private.₁
Imagine how much the difficulty will be over time, it would be a disaster for miners if bitcoin price doesn't catch up above $10K-$15K.

[1] https://news.bitcoin.com/japans-gmo-specs-price-7nm-bitcoin-mining-rigs/

When difficulty is high in number then why the people looking to invest on the cloud mining projects still. I see someone explained about the difficulty increased on recent time. That is actually true not only bitcoin even all top minable altcoins are seeing the mining efficiency reduced to mining difficulty increased bro.
I really looking to invest on the mining but GPU not a cloud mining since it is a ponzi scheme to do. These I also scripted many places that genesis and hashflare are good in cloud mining but here after I will not.

People are just generally ignorant (there are hundreds of posts daily about cloudmining being a horrible investment here) and still fall for
the gamble that is cloudmining, or they're new to crypto and aren't aware of the enormous risks associated with cloudmining. It's a shame cloudmining sites advertise themselves so damn much everywhere and draw in so many people- those ads do their job extremely well, and we'll likely continue to see people investing in cloudmining for quite some time as a result.

Mining's a huge gamble right now as a whole, and I really wouldn't suggest it to anyone even considering it at all unless your electrical rates happen to be extremely low- difficulty's still going up on all chains despite coin prices continuing to slip downwards.

yes we all know and most people know that cloud mining site are more prone to scam but hashflare is different among them because as what i know , hashflare is a popular and legit cloud mining site. i think that the op has a misunderstanding about their service or he had made a mistake on his side.

@op youd better read their rules more carefully and understand your mistakes before you try to complain about your problem on their suport.

HashFlare isn't different at all. Technically speaking, all cloud mining sites are quite similar because they made the game that you play, and they decide when it's game over for you. They beforehand know that the majority of the users will end up losing, and if it doesn't happen naturally, they will make you lose faster to cut you off. Party continues as long as there is new money coming in, but as soon as that isn't the case anymore, say bye bye to your "earnings".

If people think cloud mining sites will pay users from their actual mining earnings they are delusional.

Hashflare has been a reputable mining platform for long. For them to take such an action, really indicate seriousness on the effect of the low prices of the market.

Has Hashflare announced any steps to mitigate investors confidence yet?

Thing is they have no ability to try and 'fix the situation' the mining difficulty has increased and that's that. The only way this situation could be fixed is if the difficulty goes down a substantial amount, which I doubt is going to happen. This is the thing with cloud mining, the company is either going to stop paying you when its not profitable anymore for them to pay you (a legitimate company does this, as they're looking out for their bottom line) or a company scams you. Simple.

Well, they sent out a letter that they terminate contracts due to not generating profits longterm anymore.

In their FAQ they state that when your contract ends and the amount you have accumulated is still below the min payout you are allowed to withdraw anyway.
We will now see if they stand to their word.

So far they asked for a verification by ID and selfie. Did so and it's processed now. Let's see if they allow payout then.

Follow Up:

Just received an email that they say to implement an option for withdrawing amounts under the limit soon.

They restarted the SHA-256 contracts again.
Received some btc to the hashflare account for this but looks like they stopped scrypt payments because I did not get anything from the 42 mh/s I have. :-\

Yeah and the fee its still worse like before, i get about 12k satoshi and the fee is about 10k satoshi, more than 80% maintenance fee. Well... i don't expect something good from them.

I cringe when I read how easily people send a bunch of con artists their ID and selfie. I don't want to scare you, but your data will remain on their servers for ever without any guarantees that they will delete it if you request so.

Based on that I assume that the amount you plan to withdraw is large enough to for you justify sending them your precious data? I would have discarded my account if I was in your position, but everyone is different of course.

Hard to entrust such an untrustable service sensible data. Maybe there are users, who already provided their ID and report, whether they paid or not. There is a deadline,,I think around end of August, because they cut life time contracts to one year contracts a year ago. So they would have to pay out many contracts at this date, independent of the amount beeing under or over the payout minimum. Maybe they pay out a few customers to have proofs for new customers or they will shut down forever in within the next weeks.

who cares.  its a f*cking mining company, not some burglar planning to rob your house.  You give your ID every day to various government agencies, telephone companies, utility companies, etc without batting a wink. Hell some buildings don't allow you to enter without seeing your ID, but here you are afraid that it will remain on their servers for ever!!

don't be so dramatic mate.

He has a point though. It's not a regular business you're dealing with, but a scam that will at some point vanish and who knows what they will do with your personal data. By having your ID and some basic details I can take out loans on your name, etc. In other words, no one needs to rob your house when ill minded individuals can rob you digitally. ;)

Intead of taking everyting lightly, which is what average joes tend to do, try and be more paranoid. Your ID is a key, not just some worthless document.

A nice comparison and he do have some points which it is actually true that we are giving out our ID anytime we do need to pass thru an establishment, a job or service requirement but robbing you out wont really be that simple specially if it would be done physically which it is completely possible into digital aspect. This is why some people doesn't really like to expose yet even a single information can really be used up into something that you don't like to happen which means neglecting these simple things will cost you some trouble later on.

Point noted, and I agree that your ID is not a frivolous document to be thrown at every scammy airdrop. However, not everyone online that asks for KYC is a scam.   

With Hashflare, we have yet to see how it plays out.... They have resumed BTC mining since they claim they have adjusted their algo's to make fees less.

Why was this not done to begin with, and why did they need downward BTC price pressure to do this deserves some consideration.

Some, like preposter, still seem to having hope, that they will pay out. As I already stated, we will see latest on end of August around. At this time they will have to payout many contracts from last year (they cut lifetime contracts to one year). With their new KYC requirements they will eliminate many needed payments. Custumers like me wont provide them any data, because they are not trustable with their activitirs for the last 12 months (cutting contracts, 500$ minimums, ending dash contracts, taking money from new customers although mining results seem in their opinion not rentable ....).
I presume, that they will soon shut down their "mining services" or simply don't pay out and trap new customers.

Consideration would really be there not only to Hashflare but on most cloud mining sites which are mainly affected on this cryptomarket price decline but in the things or steps that they do have done specially holding up deposits and pausing up contracts due to unprofitability then it would really be a disadvantage for those people who had just recently invested and take note they do still accept contract investment even they are not profitable then it would be always shady if we do look at it deeply.

All cloud mining services have similar problems. Btc rate should be higher for us to gain, I didn't work with hashflare but heard some good stuff about them before, hope they'll resolve all issues, as far as I know hf is a big player in the field.

Hashflare has been a reputable mining platform for long, but hard times came. Cloud mining is risky stuff, maaan, we totally depend on btc rate now  ::)

There should be more payouts with higher btc rate. I don't think we can blame hashflare for harsh market conditions, cloud mining isn't sth stable :-[

All cloud mining services are quite similar, nothing surprising about hashflare difficulties right now. But these "payouts" make me sick to be honest. Probably you are right and we shouldn't blame 'em, I just want my profit back :-\

You mean refund?

Could you give us some details? Many users are requesting chargebacks from their banks now cause people don't receive any payouts or refunds.

it's not very common for sure, you are chosen one ;D

If there is still money in your account I would try to pay out everything. The condition of hashflare for mining must be very bad. I don't know the electricity prices but it must have been very bad over 10 cents...

There are much more better opportunities to earn from mining. Some companies offer mining ICOs where you buy tokens and receive the mining dividends in your wallet where you hold the coins. So these coins work like contracts and are also not limited to a year, it's lifetime and you can sell them later like normal coins. This better model is a big advantage compared to cloudminers.

Here I've made a list of ongoing projects: https://bitcointalk.org/index.php?topic=4907656.0

Sounds good, although, it's kinda strange that they pay back randomly.

The crypto world went crazy! HF, Genesis, bitcoin...everything is going to hell >:(

It's really sad to see people's investments and their rightful claim to its dividends not being paid.

To sides of the coin:

First, so far I always got my payouts without problems as soon as they reached the withdrawl limit.

Second: After they ended the contracts they promised that we can withdraw below limit too. Then started the contracts again. Wasn't happy with that but well, ok so far. Didn't check for some time but now I see still not generating any results for days. According to their rules contracts should be ended an balances should be paid.

Sent them a letter again but I doubt they will react ... sad to see that a legit company (and I still believe the were before the crash) turns into a scam because obviously they start to run out of money :-(
Etherum contracts still generate (low) results. So I will see in a month when I reach payout limit there if the still at least pay out that.

I made a post right now asking myself why they stopped posting on twitter and now I understand the reason, these guys are having serious financial problems and probably will close their cloud mining, I say that because they have been doing a lot of promotions in the last months and increased the minimum value of withdrawals. it seemed that they were doing this to have new investors and at the same time prevented investors from being able to withdraw their money. doing this they wanted to accumulate enough balance to be able to make payments for a while, but the decline of the bitcoin price came to destroy his plans. This is my theory, I have no evidence.


is very sad

Hashflare is a scam site don't invest in there, in 2016 I invested about 0.8 btc (in April) and in August I was unable to access with the reason that the account was unknown, I lost 0.75 btc and until now I cannot access.

Hashflare and also all others. Also eobot doesn't continue mining and I also read some posts about Genesis with the same thing. These were the only ones, which paid a few years. Ok, I never reach the ROI with my investment, but they paid.
I have doubts, that they really mined.

I was wondering why they stopped posting on twitter, so I went to do a search, oh I found this:

https://twitter.com/hashflare/status/1022856142953824256

https://i.imgur.com/FErMgYe.png

https://i.imgur.com/9xwJYMQ.png

https://i.imgur.com/vmvn4Lq.png

https://i.imgur.com/mOcq3jA.png

https://i.imgur.com/7K5OZ0r.png

https://i.imgur.com/yfxZz9l.png

The situation is not good for cloud mining and people are losing money.

Hashflare was a scam from the start, any profit goes towards "maintence fees" which is just going straight into their pockets. It's similar to donating to a charity but the majority of the funds go to administrative costs.

They've posted a big article earlier today answering all questions. Basically they are saying that they have been operating on the same conditions without any changes to the contracts. But with the current BTC price and difficulty, mining still remains unprofitable. So cryptocurrency continues to be mined but in the conditions of mining unprofitability.

Oh, thx for sharing this info, just checked their medium. Why always when you read reasonable arguments, so many of your initial worries go away ;D They also told about withdrawals, at the moment the queue for second level verification is measured in tens of thousands...it explains why not everyone received a refund yet. Anyway, cloud mining isn't profitable now so no point to think about new investments. Just hope everyone can get a refund and wait for better market conditions to mine more...or forget and choose another source of income, not so risky and nervous one ::)

I think no one cares already, people mostly want to receive their refunds and forget about them. Cloud mining turned out to be pain in the ass. Hashflare, genesis, all of them. That's good though that they've showed up saying sth, hope we have a real chance to get our money. 

this is what im talking about . all cloud mining are really a scam and not to be trusted even if they are old enough or had been running for a long time . theres still a high chance that they could turn unto a scam because cloud mining is a shady business and it is a kind of pyramid scheme/hyip/ponzi , etc whatever you name it .

suggest to all , better you can just foccus on a real mining so that youll know that you are safe  or you can just buy a coin and start investing or trading because that is more better than mining .

Investing directly in crypto has always been the best yielding option, by far. I no longer recommend people even to buy actual mining equipment because it's a waste of time and your hardware will become near worthless at some point.

The increasing difficulty is near impossible to combat unless you keep adding equipment to your mining operation and hope to bank on a pump to sell the coins you've been accumulating for a longer period of time.

People just need to let go of their passive income through mining fantasy. It's a damn hoax.

Many people are fed up with this cloud mining websites and at one stage they are closing without paying to investors. Actually, they don't have any mining farms, they collect money and share to the investors as long as an investment is coming.

That's why many experienced people suggesting not to invest in cloud mining websites, where we cannot able to make on the investment we made. So always try to check before investing in cloud mining but from my experience, most of the cloud mining websites are scamming the investors.

I couldn't have said it better, this is also my point of view. The Hashflares and ROI promising cloudmining scams have damaged crypto in a bad way. But I also think mining is Bitcoins root and if you do it right and trust a knwoledged team you can make this happen. More accidentally I came about Scavo.Farm, a project from Argentina which offers you a share of their operations. So, this is no cloudmining, it's a sharing company, they have to be profitable to get their own profits, which is a must-have to be successful and not a contract mining scam like Hashflare, finishing this after one year or being intransparent in matter of costs.
I had a look to their website and it's very transparent, the team is fully public and their LinkedIn profiles visible. I will give this a try to be a better investment compared to all the cloudmining scams.  :)

That's sad anyway cause back in the day cloud mining was profitable, but easy money has a tendency to vanish.

Ideally cloud mining services should be regulated or controlled somehow. I mean we really don't know how much truth they give us. But at the same time it's only our choice to believe them, invest and take risks in order to gain more.

BTCjam was also a SCAM, then BTC-e and CEX.io also destroyed the mining contracts that it had with its users and now also Hashflare, is there any way we could protect us of being scammed, is there any law that could help us ?

That sounds like cheating. You are trying to cheat and refer to the fact that bitcoin has fallen in price. That's not true. They just do not produce. I am inclined to think that Hashflare is Scam.

yeah, we took these risks ourselves(

That's true, but it's just another bearish wave, temporary difficulties anyway. When btc goes up enough, contracts will be profitable again. I firmly believe it's not the end.

I'm not sure as hashflare still resumed all kind of operations, but since mining is not profitable it has no point and about paybacks. Well, now that's a forever process, cos' the amount of people trying to get it is a colossal

Hello, everyone!

In case you have any questions that you would like to ask about the service, then, please join the discussion in the following topic: https://bitcointalk.org/index.php?topic=5032656.0

I will be there to answer any relevant general questions that you might still have.

There are many feedback by the pioneer members who are more knowledge in crypto world that we need to avoid cloud mining because most of them has no real mining site to support their investors. About hadflare it was good that there still support that collecting some concern about their company and ready to answer. And to all investors again be careful you need to know what is the history of cloud mining.

with  this: " This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. "

why did you do that? Do you want to delete comments from people who were different from your position?



yes they are very ready to respond, see this:


think, when will we see more than $9200? nobody knows and this can take months or years.

If that isn't a clear sign that people should stay away from that site, then I don't know what is. HashFlare just admitted that the price needs to increase with 50% just to start earning again.

And even in that case, what people will be earning it is likely just a couple of Satoshi's, which is an utter waste of time. Can you imagine how long people have to wait till they reach the minimum withdrawal amount?

You know the sad part? The people joining from platforms such as YouTube won't get to read this. The only thing these people know is that cloud mining is profitable due to all the paid shills there.

about this: " You know the sad part? ", besides agreeing with you, I think the saddest part is what I did not see, I had not seen this post done by him:



he basically just told people to sit because they will not get profits so soon and it's all bitcoin's fault. this is my interpretation of the post made by them. The stranger in all this, is that on their twitter account is full of people complaining and accusing them of being scam, and in this thread of them I did not see anyone complaining about them. which leads me to think that it is delete  the posts of the people who complain. But of course, I have no evidence for it and is just a guess and I may be wrong.

That's straight bullshit.

HashFlare tries to trick people into thinking that if Bitcoin reaches a higher level that their payouts will be positive again, but that's completely false. If the price increases up to the $10,000 level, the difficulty will increase significantly as well, which basically means that people will still NOT be able to generate ANY income. Newbies on social media might fall for that nonsense, but you have to try harder if you don't want to get trashed here.

Strange thing. When I checked Twitter, there were only tweets about withdrawals and a lot of off topic talks

I've seen some negative reviews w/ hashflare hashtag on it, but verbiage was all the same, so it seems like bots twits

That was done in order to delete potential comments consisting of nothing than swearing or questions that should be addressed to tech support, although so far only one such comment was posted and deleted.

The whole point of creating that topic was to have a constructive discussion and people are more than welcome to ask their questions and state their opinions, regardless of whether we agree with them or not.


What I did was just clarify what price BTC would have to reach in order for clients' balances to start growing again (with the current mining difficulty). It is no secret and can be easily checked by using any online mining calculator.


Once again, that is the price that would make payouts higher than MEF with the current mining difficulty. Yes, the increase in BTC price might lead to the increase in mining difficulty, but that is not 100% certain. Difficulty began steadily increasing starting in January 2018, but by that time the price was already on a downward spiral.

I do not see the problem that Any thread should be moderated or do you want the same mess here as in twitter? Pple just write there pointless posts with one word  >:(

self-moderated topic is a big problem because the OP can delete the posts he does not like and we will hardly know if there is any transparency and fear of trolls or something, I do not see this being a good argument since if the person provide good service then there will be no reason for people to complain, people complain when someone provide bad service.

Yep, most of the time, I only see self-moderated topics when there's scam posts going on in the Goods section of the Marketplace, or there's questionable services attempting to hide things in their ANN or discussion topics. It's not necessarily bad; one example of a good self-moderated topic I often see is philipma1957's altcoin threads (https://bitcointalk.org/index.php?topic=3843565.0), which aren't too censored at all and actually contain good discussion that I often read. The lack of transparency is indeed an issue, however, and I trust forum members with as much reputation as phil wouldn't censor out negative posts (there isn't much there, the thread is a mining thread after all) compared to a service.

That's why we need admins for HF page)) Twitter is more random, so it has no moderation and you'll see a lot of copied twits

People even complain if they got a million from hashflare like why didn't we get 2 million?))

Exactly! Thats human nature :)
If smth goes wrong-we complain, if everything is ok we silent

I would even say, if everytning is ok, we also complain. Look at Genesis - before its customers were like it's the best company, we're happy not to invest in hashflare. And now when genesis stopped payout - they're opposite

yes but you still need to control yourself! We can not blame someone if there is no evidence

True, but is it possible that those people are trying to get money in any possible ways?
Like in a grocery store ;D

We are in he same boat, crisis influenced everybody) Hate is not the answer here, patience is.

Tell it all the haters around ;D I agree with you, we need just to be patient, current situation is temporary.

Exactly! Its not the fisrt time bitcoin falls, so don't panic guys!

Actually within my recollection it's at least fifth time ;D ;D ;D

Hope so, it's been hard year for crypto; we all need better price.

Agree this year was hard for BTC and for Hashflare of course, we'll see what's next

Yes, for sure. But the problem is that the price should raise significantly and who knows how much time we'll need for that. Even though, I remain hopeful and stay positive.

Nothing left than just expecting the increase...but the more time passes, the more I think we should just forget about it :( But who knows, who knows...maybe the recovery is somewhere nearby.

True as that expectation just make me sick. Sad we can't simply frow it on our own

Only big institutional investors can.

true, if you have few billions and would like to invest them, so go ahead

Like the other people sad there're 2 options: have a higher AND stable bitcoin or get investments. That's all

True, as mining is not profitable in any way in terms of crisis. More than that simple increasing won't help, we need btc to stay at one level

The main thing for us now is to wait for higher rate anyway.

I thought to purchase my own equipment but it turned out to be not so easy and very costly. Cloud mining gives us good opportunity to earn by investing not so much. At least it gave before... So I keep waiting for industry to recover.

Cloud mining doesn't really give out good opportunity to earn with just less investments but rather it would put you into more negative investment.Purchasing your own miner or hardware
would be good rather than putting your money into a company which doesn't even guarantee to give you out some profits.Why would do such thing?

Yes, but private mining is not for everyone. And definitely not for beginners. For beginners cloud mining is better

Isn't mining called "private" for that reason? ;D
well HF has bonus for big investors, a mean private things are requared big money

imagine the following case:

Mr. X buys 1 BTC  for $ 6400 and holds it for 1 year and the price of bitcoin goes up to $ 20,000

Mr Z  buys 1 BTC for the price of $ 6400 and invests in Hashflare or Genesis Mining, and at the end of your contract,  Mr Z do not know what your profit will be.

Note the following:

Mr. X has full control of his bitcoin

Mr Z has no control over his bitcoin

My question:

Between Mr. X and Mr. Z which one made the best choice?

answer is: Mr. X made the best choice

Nice illustration and I don't know if they wont able to get this very basic thing between two investors and that's what I'm trying to say above. Cloud minings wont really be a profitable stuff.Even if its suitable for beginners or newbies specially for those who haven't any idea about mining but it doesn't mean that they would go into this option.There are lots of investment types that would really be more
worth of on our money.

yeah, you simply catch this lucky wave or not) it depends)

You are just basing on bitcoins price potential rise up.Try to look at on difficulty and you will see that cloud mining investments will not give you give good payout even on $10000 price/BTC.
Difficulty does matter not on the price most of the time unless if it would hit up ATH then we might see some good payouts but it doesnt mean it will reach you out Roi way more faster.
Smart investing is suggested but i dont see cloud mining will be included into that choice.

Already many experience people will suggest us not to invest any more in cloud mining website. Still, there are many people investing in cloud mining and losing their money. Not only Hashflare even Genesis mining is doing the same thing, delaying the payouts and there are many people complaining about the genesis mining.

If we are talking about 100% of profitable and smart investments, then it is better to put money in the bank and forget about them for 10 years.

ahha) actually yes; however, who knows do we have this 10 years or not) people want to live good here and now)

Then they should spend them all today :D

Bank can't give you 100% profit in 10 years, who told you that? If you don't have 10 years don't think about any investing, simply if you don't have time for waiting your investment to reach it's full potential, take that money you planed to invest and spent them. If you have kids you will think about them, if not spent it on drugs and prostitution. If anything banks can be compared with cloud mining, both will eat your money, in one way or another, I believe that just holding 1 BTC for years will generate more profit than banks and cloud mining together, and guess what it's much safer in my opinion, I have more trust in bitcoin than in banks and cloud mining devices.

Agree with previous author, btc can bring you good money in long-term perspective. As well as cloud mining providing that btc rate is cool enough for comfy payouts.

True, BTC is a long-term invest and can't give you millions in a sec

Banks do give out 1-2% max annually on your funds stored on your account and I don't see for someone to make it as a passive income or do even treat is as an investment.
Even on time-deposits accounts it cant really give you out that 100%.This is why most people do risk or rush things up on investing into more easier and bigger returns on a short
period of time and making cloud mining is included into their option which isn't really ideal at all.

You probably should have thought about haw crypto works and that it's a risky business
So now it's up to you

just to mention that am another user which got money lost on Hashflare

put around 500USD in April, it mined for two-three weeks, made 28usd, then it stopped and since then, no more payouts

Oh, yes, you were at the beginning of crypto crisis, BTC started falling in Feb

Next year should bring another money =) Or better say SOME money, ANY money  ;D ;D ;D

Any money is exact word ;D Current rate destroys all plans.

yes, current BTC rate makes mining completely useless, need it to be up soon

You're just telling my thoughts))) Hope it's the bottom, not like it was at the deepest crisis stage $2k. Need BTC to raise finally

Another fall would be dramatic. Hope to see it raising further.

You mean that a lot of newbies do panic selling or what? Yes, it is bad, but definitely not the main reason for this fall

Agree with you! I think bitcoin will hit 10,000 in april-may

Who knows! I would not make predictions...only time will show

Yes, but I think we can expect this based on history

Right! Crypto history is cyclical

I requested a withdrawal now that I reached the minimum withdraw threshold, lets see if the coins will to to my address. I will update my post once recieved.

EDIT: I actually recieved my withdrawal LOL

I invested very small amount two years ago and all I have been doing since then is reinvesting and every time I reinvest after some time profit goes down, and I finally gave up because it is zero sum game. And now they have this kyc for service which supposed to be anonymous. Bitcoin mining and kyc sometimes I really want to leave this industry.

I was invited by my friend last time about Hashflare, which was indeed a good opportunity back then. However, I choose to pass that time because I was skeptical about Bitcoin, Ethereum and the others.

For me, one of the factors that made them decide not to giving payouts anymore is due to the dominance of the bear market. The statement that they have is a bit reasonable, in which they cannot cope up with the maintenance fee. Correct me if I’m wrong, but the bull market would be the only way to bring back their relevance.