Bitcoin Cloud Mining with HashFlare

[CyberKuro]

Having login issues since a week. 7 days after and 5 replies (without their answer) to my own support thread I am still "locked out" of my account. My login details don't get recognized for some kind of "error" on Hashflare side and even after resetting password multiple times.
A few days ago I would have said differently, but now: STAY AWAY FROM HASHFLARE AND FROM BUYING THEIR SERVICES!

Im having no issues and made a withdrawal this morning.

@thebitcoingirl - Take a deep breath, write a nice email to support, and take into consideration they are on holidays.

Never had problems wthdrawing from them (I use Hashflare since 2 years).
I wrote the first support email 7 days ago, it must be a long holiday....

Again, a few days ago I would have said differently, but now: STAY AWAY FROM HASHFLARE AND FROM BUYING THEIR SERVICES!

Any review from users is appreciated and worth to read as it's a part of research before invest.
So, you've been investing on hashflare cloud mining for 2 years and last week couldn't log in?
Would like to know, how is that possible and how about now, can you or still there is nothing from support team?

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[Crystal11]

the withdraw fee has been increased very high, from 40k satoshi now is 70k  
Another way to scam us and keeping the website online in the same time with a smile on the face.
And a way to make people to withdraw less and less and not often anymore.
And a way to make investors to "invest" high amounts of money. Previous update was about the SCRYPT contracts increasing price from $8.20 to $13.50.
I would prefer to pay a fee from the withdrew amount according to the real network and not paying a fixed fee of 70k.
Small investors (who invest with caution) specially on SHA256 has no chance for a ROI ever if such updates/excuses keeps coming..
The minimum withdraw is now 80k satoshi so basically 70k satoshi goes to Hashflare and we get only 10k in our wallet .
Screw your block.io , we would like to pay normal fees according to the network not according  to some faked reasons for Hasflare/block.io.

If i send 40k satoshi to someone i can prove it that i pay maximum 22k fee , so the real TX fees are not so high as Hashflare or block.io demands.
Basically to withdraw 10k satoshi from Hashflare ,members have to pay a 70k fee .
Hashflare approaches more to a highly risk website to invest .

Here is their update on the website:

Dear users,
Due to a heightened amount of transactions causing a congestion, Bitcoin mempool size has increased and average confirmation time is longer. Transactions with a higher transfer fee get included in the blocks sooner. This may cause BTC wallets to raise the transfer fee on transactions to send them through faster.

Consequences for purchases via BTC:
1. If the transfer fee on a transaction is too low, it causes the transaction to be confirmed later, sometimes after the order times out in HashFlare. (However, after the transaction gets enough confirmations in the blockchain and the amount is sufficient, the order will be automatically processed and the contract activated.)
2. Some wallet providers may take the transfer fee from the amount sent. As a result HashFlare may receive only a part of the payment and not process it automatically even if the amount sent was sufficient. Please, pay attention to your wallet provider's transfer fees when making a purchase to make sure the amount HashFlare will receive is sufficient.

Consequences for BTC withdrawals:
Due to the current situation in the Bitcoin network, our BTC withdrawal provider (block.io) has raised the transaction commission to ensure the transactions do not stay in the queue for too long. For this reason, HashFlare now has an increased BTC withdrawal fee to 0.0007 BTC to cover the block.io commission.

[the_olorin]

the withdraw fee has been increased very high, from 40k satoshi now is 70k  

It's 140k satoshi right now!!!

Previous update was about the SCRYPT contracts increasing price from $8.20 to $13.50.

It was $6.2 right before the sudden price increase to $13.5 

[bitcoinstress]

Does anyone ever make a profit by investing in hashflare?

[brobbel]

Does anyone ever make a profit by investing in hashflare?

It's going to be harder, but I know people who invested early in Hashflare who made ROI - and after that only profit.

When they lowered the maintenance fee, it was lowered for everybody, also old contracts.

[crazyivan]

Does anyone ever make a profit by investing in hashflare?

Yes, I made ROI and profit with scrypt contract but it was over a year ago. Never had any issues with them. Now you need to check difficulty and expected ROI for each particular coin. Heavy reinvesting is a must have tactics. So, please do your calculations and forecast before you invest.

[toanle098]

Is making an investment here better then pos coin investments ? Pos is interest right away but on miners you must first break even. I hear so many bad thongs about mining sites so I dont know.

[carlfebz2]

Does anyone ever make a profit by investing in hashflare?

Yes, I made ROI and profit with scrypt contract but it was over a year ago. Never had any issues with them. Now you need to check difficulty and expected ROI for each particular coin. Heavy reinvesting is a must have tactics. So, please do your calculations and forecast before you invest.

Seeing on the difficulty on past year is really different from now but considering on the price I think its still profitable but depending on how much you would invest and don't forget on the fees,its always been here and anytime you do make withdrawal request.Invest only the amount that you can afford to lose up since knowing cloudmining sites isn't really ideal for making investment.

[mikey5287]

this confirmation/transaction holdup is starting to get on my nerves. i tried to purchase more hashrate, but after a couple of days, the transaction still has not been confirmed. just to clarify, once the tx goes through, will i still receive the amount of hashrate I purchased at the time of the transaction?

[brobbel]

this confirmation/transaction holdup is starting to get on my nerves. i tried to purchase more hashrate, but after a couple of days, the transaction still has not been confirmed. just to clarify, once the tx goes through, will i still receive the amount of hashrate I purchased at the time of the transaction?

A few posts earlier:

Consequences for purchases via BTC:
1. If the transfer fee on a transaction is too low, it causes the transaction to be confirmed later, sometimes after the order times out in HashFlare. (However, after the transaction gets enough confirmations in the blockchain and the amount is sufficient, the order will be automatically processed and the contract activated.)
2. Some wallet providers may take the transfer fee from the amount sent. As a result HashFlare may receive only a part of the payment and not process it automatically even if the amount sent was sufficient. Please, pay attention to your wallet provider's transfer fees when making a purchase to make sure the amount HashFlare will receive is sufficient.

[kenesu]

As for now I'm still waiting and always monitoring my stats since I invested almost a month ago. For now no problem since btc price right now is too high. But as for newbies in investing at cloud mining, invest the amount that you can afford to lose since ROI without any referral under you may take more than a year, depending on btc steadiness and other fees. I hope withdrawal fee will be low after few months or so.

[arwin100]

this confirmation/transaction holdup is starting to get on my nerves. i tried to purchase more hashrate, but after a couple of days, the transaction still has not been confirmed. just to clarify, once the tx goes through, will i still receive the amount of hashrate I purchased at the time of the transaction?

Blockchain conformation is totally annoying this lately but i think it will credited as soon as the conformation will be done. But to get a proper words then message their support on ask about this issue so that you will not ending up pushing some bad allegations from them.

[afm007]

Yesterday (7 June 2017) I have purchased 0.5 TH/s Hashrate SHA-256.
On the first day I got 0.00017218 BTC after deduct the service charge my balance is 0.00010873 BTC.
But I think this is too low
Will it increase after someday? What did you experienced my friends?

[oportunis]

Yesterday (7 June 2017) I have purchased 0.5 TH/s Hashrate SHA-256.
On the first day I got 0.00017218 BTC after deduct the service charge my balance is 0.00010873 BTC.
But I think this is too low
Will it increase after someday? What did you experienced my friends?

I think it is the correct value. I put all data in the calculator, you can check here: https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=500.00&p=2600.00&pc=0&pf=35&d=678760110082.99000000&r=12.50000000&er=2887.29750000&hc=60

[brobbel]

Yesterday (7 June 2017) I have purchased 0.5 TH/s Hashrate SHA-256.
On the first day I got 0.00017218 BTC after deduct the service charge my balance is 0.00010873 BTC.
But I think this is too low
Will it increase after someday? What did you experienced my friends?

When price goes up > you earn more (less to pay for maintenance)
When difficulty goes up > you earn less (less bitcoins mined)

So I'm afraid it's only going to be less.

And yes, it's the correct value.

[ElHomer]

Yesterday (7 June 2017) I have purchased 0.5 TH/s Hashrate SHA-256.
On the first day I got 0.00017218 BTC after deduct the service charge my balance is 0.00010873 BTC.
But I think this is too low
Will it increase after someday? What did you experienced my friends?

You can change the Mining pools to get more or less BTC's
Click the Settings wheel on your Hash Rate to improve your Earnings

[brobbel]

You can change the Mining pools to get more or less BTC's
Click the Settings wheel on your Hash Rate to improve your Earnings

Ofcourse there will be small differences, but not big ones.

[Muzika]

Yesterday (7 June 2017) I have purchased 0.5 TH/s Hashrate SHA-256.
On the first day I got 0.00017218 BTC after deduct the service charge my balance is 0.00010873 BTC.
But I think this is too low
Will it increase after someday? What did you experienced my friends?

too bad you didn't do some research first before buying mining power, bitcoin mining isn't really profitable nowadays because of the difficulty rate, consider yourself lucky if you reach ROI after a year.

[k@suy]

Yesterday (7 June 2017) I have purchased 0.5 TH/s Hashrate SHA-256.
On the first day I got 0.00017218 BTC after deduct the service charge my balance is 0.00010873 BTC.
But I think this is too low
Will it increase after someday? What did you experienced my friends?

too bad you didn't do some research first before buying mining power, bitcoin mining isn't really profitable nowadays because of the difficulty rate, consider yourself lucky if you reach ROI after a year.

It is really very low, and ROI is not possible within months or within year as there are many happenings that may affect the return. Difficulty is already high, I think you can mine altcoins, can you configure your account with that?

[Dav7]

Yesterday (7 June 2017) I have purchased 0.5 TH/s Hashrate SHA-256.
On the first day I got 0.00017218 BTC after deduct the service charge my balance is 0.00010873 BTC.
But I think this is too low
Will it increase after someday? What did you experienced my friends?

You can change the Mining pools to get more or less BTC's
Click the Settings wheel on your Hash Rate to improve your Earnings

I never change mine, we already "waste time" waiting for ROI, why wasting more trying to guess the best pools?