Can I Trust Hashflare.io ?

[justdimin]

I'm surprised that a post like this that was last replied a year ago has been dug up.
At that time, cloud mining sites were still profitable since the bigs are still paying around that time but now, it's obviously different since the bigs have shut down and eventually turned into scam.

[Ryan Dugan]

I'm surprised that a post like this that was last replied a year ago has been dug up.
At that time, cloud mining sites were still profitable since the bigs are still paying around that time but now, it's obviously different since the bigs have shut down and eventually turned into scam.

It is very interesting to see the change in times. How is then and now how not is. Not so nice that mostly its just scams. But maybe in the future it will be better who knows this ? Maybe more alt coin takes over ?

[SANALIU]

much cloud mining not real mining only use system scheme ponzy
so if you interest join , your must becareful and join in first in site launch
your late join maybe you can lost money

[mishra1994u]

I dont think you should trust any of the cloudmining sites that are being operated. I also started trusting some cloud mining sites when hashocean was running good and other also.But when i say hashocean gone after 2 years and then topmine and cludmine, so now i am pretty sure all of the cloudmining sites should scam one day for sure.

[shinratensei_]

I'm surprised that a post like this that was last replied a year ago has been dug up.
At that time, cloud mining sites were still profitable since the bigs are still paying around that time but now, it's obviously different since the bigs have shut down and eventually turned into scam.

It is very interesting to see the change in times. How is then and now how not is. Not so nice that mostly its just scams. But maybe in the future it will be better who knows this ? Maybe more alt coin takes over ?

I think there are another a new topic is discussing this because this is like just bump  the topic for reaching full post for sign participant. because maybe if wanna using their effort to getting a new information about this will always there.

[JessicaG]

Is Hashflare.io a trusted cloud mining site ? The site looks almost like a clone of http://genesis-mining.com (which is legit) !
They have an Instagram account > https://instagram.com/hashcoins/ proving they are really mining!

I'm Really Confused! Since there are a few "real" cloud mining sites on a huge pile of scam!  

https://bitcointalk.org/index.php?topic=878387.0

Read, and make your own judgement 

[bapparabi]

till now i am receiving bitcoin so i can say trust worthy ..also cloud ponzy site work like this so not sure if they say for long

[JessicaG]

till now i am receiving bitcoin so i can say trust worthy ..also cloud ponzy site work like this so not sure if they say for long

That a site is paying, doesn't mean the same as being trustworthy. Scrypt.cc or hashocean also paid... 

In my opinion, Hashflare is not legit; too many red flags:
https://bitcointalk.org/index.php?topic=1164418.msg15233440#msg15233440

Not to mention other ones, like when the latest halving occurred: On the actual date itself when the halving happened, they 'magically' had installed their "new energy efficient hardware" on which they had been "anticipating for months". Ain't that a bit weird to say at least, that they managed to change ALL their supposed SHA256 equipment in just a fraction and on the day itself, spot on? Especially, when there were (and are) only 2 known hardware manufacturers that actually were (and are) able to produce more energy efficient equipment; and Hashflare certainly wasn't (and ain't) one of them 

[crazyivan]

till now i am receiving bitcoin so i can say trust worthy ..also cloud ponzy site work like this so not sure if they say for long

That a site is paying, doesn't mean the same as being trustworthy. Scrypt.cc or hashocean also paid... 

In my opinion, Hashflare is not legit; too many red flags:
https://bitcointalk.org/index.php?topic=1164418.msg15233440#msg15233440

Not to mention other ones, like when the latest halving occurred: On the actual date itself when the halving happened, they 'magically' had installed their "new energy efficient hardware" on which they had been "anticipating for months". Ain't that a bit weird to say at least, that they managed to change ALL their supposed SHA256 equipment in just a fraction and on the day itself, spot on? Especially, when there were (and are) only 2 known hardware manufacturers that actually were (and are) able to produce more energy efficient equipment; and Hashflare certainly wasn't (and ain't) one of them 

I agree, this is something to consider. However, lots of photos of some kind of GPU installation around. Why would they try so hard to shit us with that?

[JessicaG]

I agree, this is something to consider. However, lots of photos of some kind of GPU installation around. Why would they try so hard to shit us with that?

You refer to the pictures on their Instagram account, correct? I do not know what to make of those, as they still raise some red flags. For instance, the fact that they haven't publicly made known how much hashrate they have for sell vs. what they have (provably) deployed, is something I find suspicious. What I can see on those pictures are some racks filled with GPU's, and only a limited amount, and some guys busy installing/working with it; what those pictures do not show, is prove of ownership (!).
The other thing I find suspicious, is the absence of a cap or anything else that shows the limitation on the hashes on their site (for instance, on Hashnest one can view the total market of available hashes on buy and sale orders). Hashflare is no ASIC vendor, so what looks like an open ended IPO is something I find at least a bit suspicious.

[ardentvolcanoes]

you can try investing your coins to them but i suggest you do not trust them or any cloud mining site too much , do not invest a huge amount if you don't want a big lost . every cloud mining has its bad side we don't even know when they will going to be scam .

[Naoko]

you can try investing your coins to them but i suggest you do not trust them or any cloud mining site too much , do not invest a huge amount if you don't want a big lost . every cloud mining has its bad side we don't even know when they will going to be scam .

correct. as the saying goes "invest only what you can afford to lose"

some investors in cloud mining site use all of their money in investing and if they got scammed by the site operator it is already the end of the world for them but if you only invested what you can lose then it is worth it to try since hashflare is still in good status

[crazyivan]

I agree, this is something to consider. However, lots of photos of some kind of GPU installation around. Why would they try so hard to shit us with that?

You refer to the pictures on their Instagram account, correct? I do not know what to make of those, as they still raise some red flags. For instance, the fact that they haven't publicly made known how much hashrate they have for sell vs. what they have (provably) deployed, is something I find suspicious. What I can see on those pictures are some racks filled with GPU's, and only a limited amount, and some guys busy installing/working with it; what those pictures do not show, is prove of ownership (!).
The other thing I find suspicious, is the absence of a cap or anything else that shows the limitation on the hashes on their site (for instance, on Hashnest one can view the total market of available hashes on buy and sale orders). Hashflare is no ASIC vendor, so what looks like an open ended IPO is something I find at least a bit suspicious.

Yes, those photos. What I do not understand is why would they spend money on buying a couple hundred GPUs just to shit us. Also, the other question is photos. There are tons of photos of REAL people tied to Hashflare. Most of them have Linkedin and other social media accounts, activity there, interaction and everything. This all can be fake, that s true but this is a LOT of work for a simple ponzi. After all, why?

Other ponzies ve had none of these things and still managed to attract a lot of money and run. This is why I believe they have some kind of mining background.

[NielsB17]

Is Hashflare.io a trusted cloud mining site ? The site looks almost like a clone of http://genesis-mining.com (which is legit) !
They have an Instagram account > https://instagram.com/hashcoins/ proving they are really mining!

I'm Really Confused! Since there are a few "real" cloud mining sites on a huge pile of scam!  

I trust them, i have been having payments since june 2016, my payment took longer then 2 hours to confirm which usually its too long for them.
Because you have 2 hours to deposit i send email to support said what the problem was and they added it to my account
I do trust them because they have a instagram with alot of proof and shot themself so if they are scam we know who they are and can easily get sued also they work with a trusted company called hashcoins so i think they are really trustful.

[juanpastas]

I put $10 dollars and expected earnings for 1 year are about $20. That's 100% per year.

When compared to ViaBTC, which uses AntMiner s9 the most perfomant miner to date:

Price: 0.21 BTC Per SHARE
Minimal Amount: 1 SHARE
Estimated Daily Earnings: 0.00068045 BTC Per SHARE

Yearly earnings: 0.00068045 * 365 = 0.24836425 BTC

Which is about 18%.

ViaBTC seems to be a reputable pool.

There is something that does not fit here.

Source for ViaBTC cloud mining contract:

https://www.viabtc.com/contract/s9/

[crazyivan]

I put $10 dollars and expected earnings for 1 year are about $20. That's 100% per year.

When compared to ViaBTC, which uses AntMiner s9 the most perfomant miner to date:

Price: 0.21 BTC Per SHARE
Minimal Amount: 1 SHARE
Estimated Daily Earnings: 0.00068045 BTC Per SHARE

Yearly earnings: 0.00068045 * 365 = 0.24836425 BTC

Which is about 18%.

ViaBTC seems to be a reputable pool.

There is something that does not fit here.

Source for ViaBTC cloud mining contract:

https://www.viabtc.com/contract/s9/

There s no way you ll get 100% back without serious reinvesting and lots of luck. Mining difficulty keeps going up every 2 weeks and this eats up your profits. I used to have a huge scrypt hash, ROIed with it and was generally quite happy with Hashflare. Still, DO YOUR MATH AND READ EVERYTHING before you decide to invest into anything.

[Pursuer]

history suggests that no cloudminig is a good investment. there have been a handful of them that even generated some profit for their investors but even they went down in flames eventually and besides the profit that you can get from a cloudmining service is very small with all the difficulty rises, the maintenance fees and all the other things the deduct from your payment.

you take a huge risk for a tiny reward.

[blurrsequence]

Back when Bitcoinwas $280 i invested $450 in their cloud mining. over a year later it has paid out about .65 bitcoin. so even if it isnt a scam, its still not a good idea.
at the same time i invested 1 bitcoin into Hashnest's Pacmic program and i got 1.05 bitcoin back. so 5% return, also took about a year.

[NetFreak199]

Is Hashflare.io a trusted cloud mining site ? The site looks almost like a clone of http://genesis-mining.com (which is legit) !
They have an Instagram account > https://instagram.com/hashcoins/ proving they are really mining!

I'm Really Confused! Since there are a few "real" cloud mining sites on a huge pile of scam!  

Many people said cloudmining is not really profitable now and a Chance that you put your money scam cloudmining site is high.  Find other good investment than cloudmining if you can trade altcoin much better is much profitable there.

[carlisle1]

Is Hashflare.io a trusted cloud mining site ? The site looks almost like a clone of http://genesis-mining.com (which is legit) !
They have an Instagram account > https://instagram.com/hashcoins/ proving they are really mining!

I'm Really Confused! Since there are a few "real" cloud mining sites on a huge pile of scam!  

It is much better for you to not put too much trust on any cloud mining services you need to understand that there could be some websites which seems so legit but we are very sure if they are really do mining for you and i think it is not profitable to invest to any cloud mining services but if you are interested i'll advice you to just put an only amount of btc that you are not really afraid to lose .