Bitcoin Forum

Me planning to invest 1k $ like getting rent of cloud mining of 5gh in hashflare.io website service does anyone has good experience with it ...

plz suggest can i trust them ? im planning for 1 year plan

or is there any best way to invest 1k $ worth btc anywhere without trading cause me dont know anything about trading so dont suggest it ...


waiting for best suggestion !

Just buy Bitcoin and hold it. No counterparty risk and you don't end up paying for the profits of somebody else. By the way, 5 GH is nothing when it comes to Bitcoin, a $2000 ASIC miner will get you 13000 GH.

i have one big offer .. on of a guy selling his hashflar account with 82 th for 1 btc can i buy it will it be profitable ?  im planning to buy it he is ready for escro

do not buy, you must hold your bitcoin in a few months you will have good returns than you buy this account and after months you will not have a return and still run the risk of not receiving your earnings... cloud mining are very risky, This is because you do not know if they can or not collapse at any time.

Be wiser, do not buy hashflare account, hold your bitcoin you will have more profit and more security


OP needs to do more research

Here is the best piece of financial advice that I could ever give anybody.

Do not trust anyone with your money. If you ask on this forum about how to use your money somebody will try to gain your trust and then scam you. Do your own research. If there are things that you can not find no matter how hard you search you can come and ask general questions. But don't ever show people that you don't know what you are doing and are trying to invest or spend money.

Trading is buying bitcoin in low price and selling it in high, that's all but it's another task who good you will be in it, it needs knowledge, skills and luck together, yes luck, it's one of the most important here too, analytics and math can take you in mistake.
You can invest in hashflare, they will give you it's permission lol 😃 But you may understand that they make better profit then you, I would choose cloud mining where you can sell hashrates anytime.

It's too risky to use any cloud mining site even it has a good reputation for now. Personally, I don't believe any cloud mining sites, because they all end up with scam at the end. I said all, but in reality it will be around 99% to do not twist the 1%. I had a very bad experience with them, so I don't advise anyone to put his money there, There is a lot of great fields that you allow you to make a great profit with a low risk, Maybe like trading, or investing (whether long term or short term)

hashflare is not a scam
the fact that it will not be profitable for much longer is a totally different thing
the difficulty is going up and if the bitcoin price keeps low then in won't be profitable to mine with them in a couple of months

Don't invest in Hashflare. If you do, expect:

1. Your contract be reduced in length without your consent
2. Your minimum withdrawal amount being increased by many times, without any notification or written consent from you
3. Pretty much less than 50% chance of you making a profit, even if BTC is going up while your cloud mining contract is active.

These are all things that hashflare has done in the past... So they can definitely do it again, and you're the one that's suffering from this.

Keep the $1k in BTC, if you're going to invest in cloud mining anyways just keep the BTC. You're speculating on BTC price both ways.

I once read a post on social media stating that people considering to invest in cloud mining, are better off just using that amount to open a leveraged position. If the price does what you expect it will do, you're booking far better results than cloud mining will ever be able to give you. If you lose, then in the worst case you'll lose your initial investment, where with cloud mining that isn't any different. It's obviously not a recommendation to get involved in leverage trading, but it just shows how bad cloud mining in reality is, and that for very poor potential gains. But looking at the past, people will ignore everything and still go for cloud mining.  :D

This is the truth, no one cares more about your money than you do, and it is simple to know why, no one knows exactly how much effort it took you to earn that money, giving that money to someone else and expect that not only they are going to give you your money back but even more of it is a mistake, if you want to make more money you will have to do it yourself.

Worst merited one for the random post. I do not know why you have written about the trading and all here. Please check the pinned messages on mining section done mprep you will understand how cloud mining are being scam to all their investors.
So you need to invest on GPU mining or ASIC mining make money. If you are looking to make money on the cloud mining platform you are perfect fool.

Quoted for future reference.  :D

Well buying hashpower on hashflare is good. All you have to do is buy hashpower and repurchase some of your earnings and it will give a passive income daily but trading is another thing its needs your skills on analyzing about tokens that you want to buy or invest and patient to hold that token, until it reaches to the moon or the other way around to the core of the earth. but if you lucky enough, trading will give you more return than mining on hashflare.

as me specified before me buyed hashflare account with 82 th/z hash rate ... one of guy sold me his account remaining for more 10 months contract now ... we done escrow and me paid him 0.20 btc total ... and he given me account id and password too and seller said to change hashflare email by contacting them ... now the problem is me dont has full control over account cause me dont has email access of account and hashflare support also not responding or changing my email :( stuck now ... did i got scammed ... me has seller all details like his address and mobile number ... can i get my money back by any legal way ? or should i wait until hashflare update my email its been 2 days passed me contacted hashflare ...the account seller is on this forum too ... thats seller profile so plz help guys https://bitcointalk.org/index.php?action=profile;u=1760645

it might take a week or more for hashflare to respond.
i sent you a pm with what you can do to temporary secure the account

plz check reply for ur pm ..

You are very likely scammed. It's a given rule that you don't buy something that can potentially be recovered by the original seller/owner.

Open a thread in the scam accusations board that can be found here (https://bitcointalk.org/index.php?board=83.0), with the following format given in this (https://bitcointalk.org/index.php?topic=260073.0) thread.




Not sure what you guys are discussing with each other via PM, but don't ever share your account details with someone else. I am not implying that he has any bad intentions, but this is how people usually get scammed, and lose funds as result. It's them abusing people's desperate need for a solution that makes people vulnerable.

opened scam accused thread already thanks for suggestion but i m founding a solution to get back my hardly earn money which is huge ... also offcource me not gonna share my account details which me has ... now just waiting for seller to respond any where or hashflare to change my email ...

and im so pissed me also offering anyone who can help me legal way to bring back my money will pay him 0.01 btc for free ...

crossing figure !

Safe and Trusted? Then don't expect such thing with these kind of investment and even on 1 year duration of contract wont really give you an assurance to make profits and as being suggested above it would be more wiser and profitable if you do just completely buy those amounts directly with bitcoin and hold it up for 1 year.I would presume on having a high chance on making money compared into those cloud mining contracts offer by those companies.

I don't really know why people are grinding on something that is beyond risky than buying bitcoin and hodl it through the year. Don't trust cloud mining dude. It's like giving your money away. Don't trust the cloud mining dude

I completely agree that the best way to book actual profits is to buy Bitcoin or whatever other coin directly. However, the main point of importance is that people buying themselves into cloud mining are out to generate/earn Bitcoin, which isn't something that buying and holding Bitcoin allows you to do. In other words, people expose themselves to insane risks just to increase the number of their coins effortlessly, which theoretically cloud mining allows them to do. It's the passive income potential that makes people go wild on cloud mining, especially with how paid shills on YouTube are out to trap people in. OP bought a cloud mining account from someone on the forum, which is even more stupid. Risk on top of even more risk, which seems to have cost him badly....

If you can't mine at home or mine with your gear hosted at a datacenter or another hosting location, don't mine. It's simple enough. You minimize risk by mining at home or at a trusted facility, and you also have full control of where and how you are mining by doing so. GPU mining is a good place to start if you don't like the noise of ASICs, particularly BTC ASICs. I particularly dislike cloud mining for the sole reason of the fact that you do absolutely nothing and learn nothing about actually configuring a miner and troubleshooting by buying into a cloud 'miner'.



I've operated deals with forum users regarding the trading of Hashflare subscriptions in the past, and they typically took a couple hours to respond. They're probably under more load now with the crypto boom, give them some time.

I dont like to recommend to invest in cloud mining much better to buy bitcoin and hold the possibility to earn good profit is there. Also the risk is very low in bitcoin but investing in cloud mining is not anymore safe because they will turn to be scam one day.
Much recommended is to do trading method you will be anonymous in your capital.

sorry it didn't work dude. i hope you get it back

thanks for all suggestions but the seller was giving 82 th account thats why me got greedy ... me its a lesson ... now me lost money and account too seller changed login details too ... too sad

I will advise you to buy bitcoin and other coins instead of investing in cloud mining. I read somewhere that 99% of the cloud mining did not paid there investors and many of them are scam venture. If you buy bitcoin some weeks ago you cloud have make almost 100% of your investment as profits if you sell them yesterday.

again sad news for me me got hacked my bitcoin account and someone stolen 0.08 btc from my account here is thread :(
https://bitcointalk.org/index.php?topic=2993610.0

Investing in Cloud mining will only make us lose. Today there are so many people who are still easily affected when we all know that cloud mining is not a profitable investment, lots and almost all cloud mining will experience a scam.

Imagine when we have money and we can not choose the right investment then we will lose. So please note again that cloud mining is a high risk action and also if choosing it then it is a stupid act !! There are many references that say it and I find it strange there are still people who believe and try to invest. The conclusion to me is that people who invest in cloud mining are frustrated and can not think well !!

I am unaware of hashflare.io. Need to go through the reviews of the users already have experience in it. I always had a negative feedback on cloud mining from my friends. Their feed back is, the users are not paid on time or they are not paid back at all. Many have been cheated. This is my friends concern on cloud mining. I have set a rig with few graphics cards. Invested around $2K. Earning a steady income every month worth of around $300. so better look for options available before sticking with one.

How so? If you have free capital to invest, and there isn't anything to invest in at the moment, then you simply don't invest at all. It's pointless to force yourself to invest in something just because you want to make profit.

That's greed getting the better of you. The difference between profitable and not profitable investors is that they know when to stick with their capital as long as they feel it's needed.

If I look at all the investment options here, and that from the moment I entered the crypto world, there has never been one single investment option that I considered to be worthy of putting my hard earned money in.

Buying Bitcoin or other coins as mentioned before by others, is the best and only option you should consider.

Don't do it , it is a scam. Much better to buy pangolin asic only for 1022$ now.
Here is an official web:
https://pangolinminer.com/

The quality of the product isn't the best. Watch that video where they're showing how to set it up. At 0:50 when they're plugging in the cable you can see the whole board buckles under pressure like it wasn't attached inside. You can find better build quality in 10 USD routers and switches so you should certainly expect it from a 1K USD machine.

Going back to the topic, don't give your money to cloud mining scams. Buy hardware or coins directly.

If you do really have the money then better to buy your own miner. Save that $1k of yours then later on when you do save enough then better to buy graphics card that will really make you mine altcoins and potentially give you some real-time profits depending on what you are mining rather than on putting it into cloud mining which I do see it wont really be worth at all.If you are not tech savvy then mining alone will be a challenge for sure.

You said that guy sold his hashflare account for BTC1 but then you guys agreed just for BTC0.2?
Don't you feel it's strange, too good to be true from BTC1 to BTC0.2. But, if you do a research, it's overpriced as hashflare offer $1.8 for 10 GH/s but it was $1.4 in December which mean:
$1.4/10 GH/s * 8200 = $1,148 or BTC0.11 at current price, maybe less in last week as bitcoin reach over $11,000
Seems like a trap in the first place as he initially offer it for BTC2.1
https://bitcointalk.org/index.php?topic=2935707.msg30165739#msg30165739

No offense to your decision to bought it for BTC0.2
But a little bit fact about hashflare contract price and how someone deceives others.


Did you read this: https://m.imgur.com/VBoeW1c. ??
I'm not sure if it's a reply from hashflare support but it clearly mentioned not to sell the account.
Maybe because of this, hashflare don't want to change the email address or for other reasons.



Interesting, do you mind to share the way to get back your 'hardly earn money'? Really appreciate it.
Any update from hashflare support?

i know its my mistake believing him but now learned and big lesson from this ... well seller replied me after me filled police case against him and said will give refund on 1st march 2018 just waiting for payment will update here as soon as me receive my refund or if not received will move forward about case by sending more details to authorities which they replied via email ...

Aha, nice solution report it to the police :D
May I know, do you and the seller live in the same country/region? Such as in Europe or in USA, as it won't works if you live different side of the worlds.
Hopefully your funds refunded in 1st March, good luck.

This is like most idiotic idea to follow. I think you should be studious when you are in the crypto world. If this is your first time then get to know that cloud mining doesn't work with full efficiency now a days and it can get you loss only.

To be honest these mining sites are not scam or ponzi but what makes them look like that is, there end result! You never get your ROI before the finish line and the finish line here is contract terms of those website. If you dont get ROI within the completion of that period then you have to buy new contract (means more investment) and thus more time to get your ROI. This way the cycle keeps going on and yo never reach the end point.

Better study other methods by putting some extra bucks - like hardware mining if that interests you.

investing in cloud mining sites is very risky because the scam sites are spreading in internet we do not know which site is legit. many say that the hash flare site is legit but I know you will wait a while before you can recover your investment on that site. So I think what you'll get with the hash flare is your investment, is it a long time before you get your profit, do you get what I say? in other words investing in cloud mining sites is a waste of time, it is better to buy a bitcoin currency and keep or hold it I am sure you can get some  profits if the bitcoin price will pump again.

u always spam same promotional link on every hashflare post dude ... how much they paid u for that