(HashFlare Support)

Sep 12, 10:13 EEST
Hi,

Thank you for the letter!

We are a market player, not a market maker. We are forced to move with the trends and available resources. In this case, availability of hardware is lowering to a mark where we are not able to remain profitable in long-term. Equipment is not infinite nor does it work indefinitely.

HashFlare initially guaranteed and continues to guarantee one thing: the hashrate the user has rented will continue in full until the contract expires.

Equipment periodically suffers malfunctions and has to be replaced, this is included in the price. However, if there is a deficit of equipment, we would reach a point when we become unable to offer new contracts, due to available equipment’s hashrate being sold out. In the current situation, if contracts would have remained lifetime, this point would be reached a lot sooner.

The compensation, in this case, is the price they purchased the initial contracts with since it is considerably lower.

The calculations and projections have shown we have to move quickly.

All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018.


Best regards,
######
HashFlare.io Support Team

(HashFlare Support)

Sep 12, 10:13 EEST
Hi,

Thank you for the letter!

We are a market player, not a market maker. We are forced to move with the trends and available resources. In this case, availability of hardware is lowering to a mark where we are not able to remain profitable in long-term. Equipment is not infinite nor does it work indefinitely.

HashFlare initially guaranteed and continues to guarantee one thing: the hashrate the user has rented will continue in full until the contract expires.

Equipment periodically suffers malfunctions and has to be replaced, this is included in the price. However, if there is a deficit of equipment, we would reach a point when we become unable to offer new contracts, due to available equipment’s hashrate being sold out. In the current situation, if contracts would have remained lifetime, this point would be reached a lot sooner.

The compensation, in this case, is the price they purchased the initial contracts with since it is considerably lower.

The calculations and projections have shown we have to move quickly.

All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018.


Best regards,
######
HashFlare.io Support Team