Can I Trust Hashflare.io ?

[ShadowBJ21]

... because profits wont really be felt unless if they still offer lifetime contract then it might be considered good.

Sorry, but this talk about lifetime contracts is crap! There are no lifetime contracts. There are only open ended contracts because sooner or later the maintenance cost will be higher than the outcome. That time your "lifetime" contract isn't worth anything.

So it's just a longer than one year limeted to an unknown time contract. Good luck calculating your ROI on that.

And for the guy claiming "net payout 0.00016867 BTC/T" ... everybody can use a calculator to find out this can't be true.
So if he isn't lying then his poor friend is the one to get scammed for his money!

[1715149852]

1715149852

[elkoxon]

Of course it can be true. Calculators online give you results based on 12.5 block reward but go on btc.com and see what are the current block rewards with this network congestion. You seem to forget that all the TX fees are added to the block reward

[ShadowBJ21]

Well, then blame the pool but not Hashflare. They can't pay you what they don't get.

For example that's what Antpool & BTCChina gives as a result today on their own website: 0.00013425 BTC

[elkoxon]

Stop this BS please Slushpool shares the TX fees with miners

https://www.youtube.com/watch?v=SY-qaVJrWdc

[ShadowBJ21]

Stop this BS please Slushpool shares the TX fees with miners

https://www.youtube.com/watch?v=SY-qaVJrWdc

So slushpool FAQ and the recommended calculator indicate something different:
https://slushpool.com/help/manual/payouts#coins

or do I read it wrong?

Only one I found so far that shows the added TX fee is btc.com ... which isn’t an option on Hashflare

[elkoxon]

The Slushpool FAQ is correct

 your reward = block value

Current block value: btc.com

Enjoy

All online calculators including the Slushpool one calculates on a basis of BTC block reward as current situation is not a standard situation. Anyway, go and school some kids that just started their journey with mining, i am in this for several years and i quite understand how it works, contrary to you apparently

You have a video that proves they just make arbitrary payments

[Doug E. Dee]

Yeah, I would have much preferred to buy a S9 but there was a 2 month wait. Probably would have been worth it.

[TekCoinz]

Like many others I had concerns about HashFlare being a scam, so I worked with some other HashFlare users and started collecting data on HashFlare and their service and aggregated it on the CryptoCron wiki.

http://www.cryptocron.org/wiki/HashFlare_Investing

I would recommend reading through the FAQ which should provide some insight into HF to decide if it's a worth while investment.

[TekCoinz]

Not that interested in the referrals. It's appreciated if people find the information helpful, but it's not critical. The bigger YouTube people putting out daily videos are going to make their profit from referrals. That is a full time job to keep chasing down new referrals. I believe I only mention my referral code twice where it was contextually appropriate.

I do have a few 10s of Ths with only a few from referral bonus income.

I put out information as I was learning about it because while for me it is meeting my goals, I don't think people will become rich without a large external investment or by pumping up via referrals. I have seen the people constantly spamming their referral codes, promising discounts, and refunds without truly explaining how the referral system doesn't really benefit the person signing up.

For me I looked at my options of buying BTC and holding, buying mining hardware, or buying a mining contract and for my needs this was the better option, but it may not be the best for everyone. 

[PeZ]

I would hate having multiple S9's anywhere in my house, so cloud mining would be the option for me.

I would expect cloud mining to have been unprofitable in the past and many people probably think it's a scam, but the price of bitcoin is now $13k+ and that changes everything. You just need a stable and reliable company to deal with.

[ShadowBJ21]

Like many others I had concerns about HashFlare being a scam, so I worked with some other HashFlare users and started collecting data on HashFlare and their service and aggregated it on the CryptoCron wiki.

http://www.cryptocron.org/wiki/HashFlare_Investing

I would recommend reading through the FAQ which should provide some insight into HF to decide if it's a worth while investment.

Well made. I suggest to add a chapter about minimum withdrawal!
With HF setting it at 0.05 at the moment my minimum timeframe (with 1TH/s) is at around 19 months.
I expect this to go down to 0.01 again later (hopefully) ... but anyway it‘s something to take into consideration.

[TekCoinz]

Good Point Shadow.   I added a section on Withdrawal Limiting.   I think it's very important to try and scope the expectation there.  I took a stab at trying to calculate the days before you could withdraw based on your hashrate.

http://www.cryptocron.org/wiki/HashFlare_Investing#Withdrawal_Limiting

[ethereumhunter]

Good Point Shadow.   I added a section on Withdrawal Limiting.   I think it's very important to try and scope the expectation there.  I took a stab at trying to calculate the days before you could withdraw based on your hashrate.

http://www.cryptocron.org/wiki/HashFlare_Investing#Withdrawal_Limiting

you did a good work sir and I really appreciated and I hope many people would read this before they decide to invest in cloud mining especially in hashflare. I think they can decide to invest or not after reading the info from you but as far as I know, I don't have any problem with hashflare and I still have my account with them since 2 years ago and now it still run and make some profit for me because I already reach my ROI.

[Castlereagh]

Glad I found this thread before I dipped my toe in with cloud mining. Think I'll stick to investing.

[marto25]

[BEWARE HASHFLARE IS HAVING ISSUES WITH PAYMENT. I PURCHASED MINING CONTRACT FROM THEM JUST TO TRY IT OUT ON THE 6TH OF MARCH 2017 BUT THEY HAVE REFUSED TO ALLOW ME MINING. BELOW IS A COPY OF THE TRANSACTION

Operation date: 06 Mar 2017 03:20
Operation ID: 320193467
Operation type: transfer
Shop: hashflare.io
Status: success
Debited: 12.12 $
Credited: 12.12 $
Bill number in store: 679910

PAYMENT MADE VIA PAYEER. I CONTACTED THEIR SUPPORT VIA EMAIL AND THEY DID NOT REPLY TILL DATE. I CONTACTED THEM ON FACEBOOK AND THEY SAID I SHOULD CONTACT THEM VIA EMAIL THAT THEY HAVE ISSUES. I LOGIN TO MY ACCOUNT TODAY AND THEY SAID PAYMENT TIMED OUT. MEANWHILE, UPON PAYMENT THEY SENT ME AN INVOICE OF SUCCESSFUL PAYMENT RECEIVED.
THEY ARE SCAMMING ME, SO THEY ARE NOT TRUSTED. ALL POTENTIAL INVESTORS PLEASE BEWARE OF HASHFLARE.IO

Invoice #679910
HashCoins LP
44/46 Morningside road, Edinburgh
EH10 4BF Scotland, United Kingdom
06.03.2017
PR
Product Name Quantity Price Total
HashFlare.io SHA-256 hashrate 0.1 TH/s 120 $ 12 $
Subtotal
VAT (0%)
Total
12 $
0 $
12 $
Thank you for your business.
Sincerely yours,
HashCoins Team

SAME HERE..

Hashflare.io is MEGA SCAMMMM!!!!!!!! Never received any answer to all my tickes. Deposit stil pendig over a month!!!!


Hashflare.io will CLOSE SOON!!!

[Digital Drug Lord]

can someone recommend cloud mining thats not a scam?

[Experia]

Hashflare.io is MEGA SCAMMMM!!!!!!!! Never received any answer to all my tickes. Deposit stil pendig over a month!!!!


Hashflare.io will CLOSE SOON!!!

question is, is your transaction already confirmed or still unconfirmed until now? if its still not confirmed, do you seriously think you will get your hashrate without a confirmation in your transaction?

[mrBTCman]

What about discount websites like this http://hashflarecode.com/? Do they work in partnership with hashflare or what?

[ShadowBJ21]

What about discount websites like this http://hashflarecode.com/? Do they work in partnership with hashflare or what?

Well, if you follow the link it redirects to something containing:
"source=advendor&tracking_id=xxxxxxxxxxx"

So I assume it's somebody trying to get referrals.

[sencix]

I have sent $20 in BTC to try one of their contracts for ETH almost 2 months ago and I have never received anything.
Sent the email with transaction information and no reply at all.