Bitcoin Forum

Hey guys,



In order to help popularizing crypto economy and to make some additional money, I have decided to share some of my investments with the community. I will be sharing information, including actual results, remarks and recommendations about stuff I have invested into. There have been a lot of new guys entering crypto and I believe this kind of information can be a win-win situation for everyone involved. Remember, even though I share only projects which I have personally tested, this DOES NOT mean these projects are risk free. Never invest anything you cannot afford to lose and always do your own research! Please have in mind my reviews and threads are not about get rick quick schemes!!! I will not write about 3 months ROI, crypto doubles and similar junk cause these things simply do not work. So, let us start with HASHFLARE cloud mining.


1. What is it and what to select?


Hashflare is a cloud mining project located in Europe, in Talinn, Estonia. Currently they offer 3 different cloud mining products: SHA-256 (Bitcoin), scrypt (Litecoin) and Ether mining. Although all 3 algos can be potentially interesting, I have selected investing into scrypt contracts. The main reason behind this is Litecoin mining difficulty. Differently from Bitcoin hashrate, Litecoin global hashrate has been almost constant since the beginning of the year. In April 2016, LTC hashrate was 1,484 GH/s compared to 1,520 GH/s in August 2016. So, there has been only small Litecoin mining difficulty increase which keeps Litecoin mining profitability high.

As you can see on the next graph, Litecoin hashrate has been bouncing up and down during the last year which makes it more attractive for mining.



2. Live Actual Results


I have invested in Hashflare in December 2015 and my results show that it takes about 11 months to reach ROI. Currently. 500 MH/s scrypt hashrate costs 8.45 BTC (at August 8, 2016 BTC price) and it generates about 0.022-0.025 daily NET payouts, after paying maintenance fee. This means ROI can be reached in just above 11 months, depending on Litecoin price. I know some people are going to say 11 months is a long time to break even. I DISAGREE BIG TIME. In my personal experience, any crypto projects which tells you it can generate 4-5 months ROI on your investment or even less, has got big time SCAM written all over it. Do not fall for these promises, if it is too good to be true, it is probably a scam. Please have in mind that in investment banking 2-3% ROI per year is considered as a quite good investment which brings ROI to 33 years or more. Compared to that, I think 11 months currently offered by Hashflare is an excellent results.

Here is what I have been getting from Hashflare per day after purchasing 500 MH/s scrypt cloud hash.




The difference between last scrypt daily payout and my balance is the maintenance fee. The amount from balance is my NET payout, after maintenance fee gets deducted. These payouts do vary a bit, mostly depending on Litecoin price, since Litecoins mined on the basis of your scrypt cloud mining contract get exchanged for BTC on a daily basis. However, it all comes down to about 11 months ROI at current Litecoin hashrate and price.

I do recommend setting your account to reinvest 20% of your payouts in order to increase your cloud hash and hedge yourself from potential future hashrate changes. Also, it is important to mention that scrypt and SHA-256 cloud mining contracts offered by Hashflare last indefinitely (as long as they are profitable) while Ether contracts last 1 year.


3. Legit or Not?


Although I have had a very positive experience with Hashflare, anything into crypto can turn into a scam. So, only invest what you can afford to lose. There are a lot of photos of people behind Hashflare online as well as photos of their mining equipment. They do definitely mine but this does not mean they cannot run away or get hacked causing you to lose your investment. This is why I recommend to start with 0.5 - 1 BTC investment and then grow your portfolio if you like your results.

Here are a few photos of Hashflare gear:

                                      https://i.imgur.com/Zsl20ZO.jpg       https://i.imgur.com/Js1CTOi.jpg



                                      https://i.imgur.com/KuMyGYL.jpg      https://i.imgur.com/Kk6Ncgq.jpg


Also, there are a lot of photos of people working for and behind Hashflare  including their Linkedin profiles. These are real people you can interact with.


4. How to start?



That is all for the first time guys, during the following weeks/months, I will be sharing with you info about other projects I have decided to invest into. Stay safe, always protect your coins, keep them in a cold storage, always use 2FA if possible and do not be afraid to ask questions. I am always willing to help out.

Cheers,

Joe

nice overview of your account and mining ..but in last you just promotion hasflare referral link only ..so not good ..but still you have provide goo overview of hashflare

I don't use yet their services but we all know that paying it's not a basis for a cloudmining company to be considered as legit.

One good example of a long time cloudmining that really pays a decent one is the HashO**** but eventually turns to a nightmare. So all cloudmining has a possibility to turned to a fraud one.

What will be my return monthly if I invest 1 BTC and try to mine only Scrypt. I have done a check to the website but I didn't find any calculator there. If its 20% per month it means I will get ROI over 5 months a timeframe I am willing to gamble if the website will be alive for such time or not.

Very good to see that there are legit sources. Pictures of the miners and everything. See it is not hard yet ponzi's still pop up with not a single picture or whiff of evidence they even exist.  You can see you guys know what you doing and talking about and this will be fun to follow up on. Good luck.

I m just a user like the next guy and this is not an official Hashflare thread. Still thx for your comment.

Do u want a portuguese translation?

Call me if u need this!

Cya

your share commision referal 50% is only investment 0,5 bitcoin
i think 0,5 bitcoin is enough high bitcoin
if you can guaranted investment iam interest and i will join with you

There re no guarantees in crypto business and even if he does guarantee it, it means nothing. You should know that by now.

Still, I use Hashflare as well, cant say I dont have my doubts but I have been their satisfied user for about a year and have even increased my investment there.

first impartant thing is trust proof, your strategy and photo proof shows like legit one. what about small investors less than 0.1 btc , and also long run strategy also needs to be considered . business in crypto currency always not guaranteed. Hope you will doing profitable for the investors.   

Another very successful month with Hashflare. In about a week, X11 cloud mining starts.

I still have a bit of a doubt about them but I m ready to take that risk and this has paid off big time for me.

Hi Minerjoe, if you need a portuguese translation Just pm me.

I think you need some marketing

this flare will end up in the ocean
if you catch my drift

We re at the end of a very successful week for scrypt mining, LTC price was quite high and I used most of my payouts for reinvesting. If there re any questions, please let me know.

Hashflare is registrated company in Estonia. It's not like business registration in some tax haven island country's. They pay me over a year and is most profitable investments for cryptocurrency I have ever made so far and it's even to count in hashnest.

There re a couple of new photos of their farm on their social media accounts. When I have time, I ll update the thread. There s another one showing that GPU rack, cant tell if it s the same rack as on my photos or not.

Another maintenance reduction for SHA 256 contracts. Still, I prefer scrypt and Ether contracts, not so much difficulty jumps, means higher profitability. I do recommend certain level of reinvesting.

LTC price s going up big time and scrypt hash price went down recently.

Has anyone had any luck with Dash or Ether mining?

I am thinking of investing a few dollars in Hashflare, do you think it is still looking to be profitable if I buy today? What are your thoughts about it turning into a scam in the near future (probably within 1 year from today)? I wish I also bought when this started, I was really skeptical about this because of what happened to hashocean.

But it is noticed when submitting payment by wire transfer or by credit card you are sending a payment to an office in Scotland, UK. So they have multiple offices?
When you are contacting them via support which office are you contacting with?
Just curious due to the timezone change and wouldn't want to be left hanging with an issue reported on a Friday morning and not get a response until 72 hours later because their offices are closed over the weekend.

Due to their second Birthday, Hashflare offers 10% discount on all of their contacts. If you do plan to add a bit more hash, try to do it during these discount periods, it shortens ROI period.

Also, take into account the fact Litecoin mining difficulty has been going down since February while price went a bit up and I still choose LTC as my preferable mining coin. As always, make sure you understand all the risks first.

I have bought 22 MH/s  ETHASH on hashflare, just to test the waters for now, I am getting about $17/week USD in return. At giving rate If all stays the same (of course it won't) . I will start seeing a ROI after 7 months. Cheers

Hashflare offers 5% discount on all of its contracts. Use the code HF17MAYDISC5 when making a purchase. The code will last until the 15th of May.

Hi would appreciate any updates (now 7th June 2017) from any of the users/investors, particularly the OP. Profit detail would be great?

Currently, you get about 0.0004 BTC per 1 TH/s

Hmm, they offer ETH for 1 year, but don't know if this is good if we expect ETH to go to PoS? I added some small amount to check and with hashflare you get about 0.00068 ETH per 1 MH/s currently...

Well you can't really expect the difficulty to be still that stable in the weeks to come. There's a still lot going on the altcoin space. Anyway, I've been interested in HashFlare for a while now and still couldn't find a suitable case study on ROIs and stuff. Why not start one?  :)
 

Wow I liked reading your post. The information is provided pretty well by you. Is that a real team of hash flare? It makes it more genuine when people come infront of the world to promote their business. Looks like 11 months is good period to get back ROI. I think you have made me positive about hash flare a lot and I might start investing in it. But tell me is it profitable with current difficulty as well? What happens in the future if difficulty rises more? Do they have plans to cop up with that charges? Please reply. Thanks. :-)