Bitcoin Cloud Mining with HashFlare

[JessicaG]

after a short period of time when Scrypt mining on Hashflare was "out of stock" the Scrypt mining is available again but with a new increased price :
From $ 8.20 / 1 MHS the price has been raised to $ 13.50 / 1 MHS
The so called restocking was to fast for a cloud mining  

Yup, moreover considering that SCRYPT hardware is very hard to come buy lately 

Would love to see some pictures of this "new hardware"   

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[brobbel]

after a short period of time when Scrypt mining on Hashflare was "out of stock" the Scrypt mining is available again but with a new increased price :
From $ 8.20 / 1 MHS the price has been raised to $ 13.50 / 1 MHS
The so called restocking was to fast for a cloud mining  
"out of stock" can be used as an excuse to modify prices 

It's even worse.

The most recent price for Scrypt mining at Hashflare was $ 6.20 (see for example http://webinserzionista.altervista.org/btc/en/2/hashflare-code-litecoin-mining-dash-coin-ethereum-fly.html), so it's more than doubled.

[cosmicblue]

after a short period of time when Scrypt mining on Hashflare was "out of stock" the Scrypt mining is available again but with a new increased price :
From $ 8.20 / 1 MHS the price has been raised to $ 13.50 / 1 MHS
The so called restocking was to fast for a cloud mining  
"out of stock" can be used as an excuse to modify prices 

It's even worse.

The most recent price for Scrypt mining at Hashflare was $ 6.20 (see for example http://webinserzionista.altervista.org/btc/en/2/hashflare-code-litecoin-mining-dash-coin-ethereum-fly.html), so it's more than doubled.

Say is buying eth hash on there more profitable?
How much should 20 TH/S be worth and what is the ROI for that amount in a the 12 month time they give you to rent it out for?

[brobbel]

Say is buying eth hash on there more profitable?
How much should 20 TH/S be worth and what is the ROI for that amount in a the 12 month time they give you to rent it out for?

1 MH/s costs $22 for 1 year only. For yesterday it gave you 0.0017708 ETH ($0.08). The day before yesterday this was 0.00177204 ETH ($0.08).

At Genesis Mining:
1 MH/s costs $29.99 for 2 years.  For yesterday the profit is not yet known, but the day before yesterday this was 0.00156047 ETH ($0.07).
At GM higher hashrates will give you a discount.

In both contracts there is no additional electricity/maintenance costs. Difficulty will rise, profits dropping down almost every single day, so reaching ROI with Hashnest is almost impossible. At GM you have a little chance but still very little profit.

[crazyivan]

Say is buying eth hash on there more profitable?
How much should 20 TH/S be worth and what is the ROI for that amount in a the 12 month time they give you to rent it out for?

1 MH/s costs $22 for 1 year only. For yesterday it gave you 0.0017708 ETH ($0.08). The day before yesterday this was 0.00177204 ETH ($0.08).

At Genesis Mining:
1 MH/s costs $29.99 for 2 years.  For yesterday the profit is not yet known, but the day before yesterday this was 0.00156047 ETH ($0.07).
At GM higher hashrates will give you a discount.

In both contracts there is no additional electricity/maintenance costs. Difficulty will rise, profits dropping down almost every single day, so reaching ROI with Hashnest is almost impossible. At GM you have a little chance but still very little profit.

The most profitable contract at Hashflare for me was scrypt. However, this was about a year ago, new ASIC machines have been introduced since that time, completely different story now.

[JessicaG]

Say is buying eth hash on there more profitable?
How much should 20 TH/S be worth and what is the ROI for that amount in a the 12 month time they give you to rent it out for?

1 MH/s costs $22 for 1 year only. For yesterday it gave you 0.0017708 ETH ($0.08). The day before yesterday this was 0.00177204 ETH ($0.08).

At Genesis Mining:
1 MH/s costs $29.99 for 2 years.  For yesterday the profit is not yet known, but the day before yesterday this was 0.00156047 ETH ($0.07).
At GM higher hashrates will give you a discount.

In both contracts there is no additional electricity/maintenance costs. Difficulty will rise, profits dropping down almost every single day, so reaching ROI with Hashnest is almost impossible. At GM you have a little chance but still very little profit.

Wasn't Ethereum supposed to switch to POS before the 1st of November this year?

[brobbel]

Say is buying eth hash on there more profitable?
How much should 20 TH/S be worth and what is the ROI for that amount in a the 12 month time they give you to rent it out for?

1 MH/s costs $22 for 1 year only. For yesterday it gave you 0.0017708 ETH ($0.08). The day before yesterday this was 0.00177204 ETH ($0.08).

At Genesis Mining:
1 MH/s costs $29.99 for 2 years.  For yesterday the profit is not yet known, but the day before yesterday this was 0.00156047 ETH ($0.07).
At GM higher hashrates will give you a discount.

In both contracts there is no additional electricity/maintenance costs. Difficulty will rise, profits dropping down almost every single day, so reaching ROI with Hashnest is almost impossible. At GM you have a little chance but still very little profit.

Wasn't Ethereum supposed to switch to POS before the 1st of November this year?

Yes it is. But I don't know how this will effect these contracts, because it's quite a change.

[crazyivan]

Say is buying eth hash on there more profitable?
How much should 20 TH/S be worth and what is the ROI for that amount in a the 12 month time they give you to rent it out for?

1 MH/s costs $22 for 1 year only. For yesterday it gave you 0.0017708 ETH ($0.08). The day before yesterday this was 0.00177204 ETH ($0.08).

At Genesis Mining:
1 MH/s costs $29.99 for 2 years.  For yesterday the profit is not yet known, but the day before yesterday this was 0.00156047 ETH ($0.07).
At GM higher hashrates will give you a discount.

In both contracts there is no additional electricity/maintenance costs. Difficulty will rise, profits dropping down almost every single day, so reaching ROI with Hashnest is almost impossible. At GM you have a little chance but still very little profit.

Wasn't Ethereum supposed to switch to POS before the 1st of November this year?

Yes it is. But I don't know how this will effect these contracts, because it's quite a change.

They ll probably switch to the next most profitable GPU mineable option. However, there s no proof ETH will switch to PoS this year. There were lots of rumours of it switching last year and nothing happened. I guess it ll take place once Vitalik s got a big enough stash.

[betlord90]

Say is buying eth hash on there more profitable?
How much should 20 TH/S be worth and what is the ROI for that amount in a the 12 month time they give you to rent it out for?

1 MH/s costs $22 for 1 year only. For yesterday it gave you 0.0017708 ETH ($0.08). The day before yesterday this was 0.00177204 ETH ($0.08).

At Genesis Mining:
1 MH/s costs $29.99 for 2 years.  For yesterday the profit is not yet known, but the day before yesterday this was 0.00156047 ETH ($0.07).
At GM higher hashrates will give you a discount.

In both contracts there is no additional electricity/maintenance costs. Difficulty will rise, profits dropping down almost every single day, so reaching ROI with Hashnest is almost impossible. At GM you have a little chance but still very little profit.

Wasn't Ethereum supposed to switch to POS before the 1st of November this year?

Yes it is. But I don't know how this will effect these contracts, because it's quite a change.

They ll probably switch to the next most profitable GPU mineable option. However, there s no proof ETH will switch to PoS this year. There were lots of rumours of it switching last year and nothing happened. I guess it ll take place once Vitalik s got a big enough stash.

Well if thats the case i think peoppe can generate more if this GPU you said will be bought by them and do you have any ideas on when does this matter happens?

And for ETH Pos switching i don't also think that will be implemented soon and as i see its only a fud and just care to look on price of ETH for now its rising more than we expect before and switching to POS maybe can affect them bad or maybe not or shall we say its gamble that maybe good to miners.

[brobbel]

I am so surprised by the negativity view of cloud mining on this forum, usually by the same people that push dice/casino's etc.

I tried to buy some banner advertising for my cloud mining review website, was turned down by a VERY popular Bitcoin Faucet because its 'risky' yet they will happily allow advertising of sites that 'promise to double your Bitcoin in 24 hours' or some dodgy Bitcoin Farm site where you buy chickens that lay 'eggs' containing a few sats?

FFS.

Are you surprised, when 99.99999% of the "cloud mining" sites are in fact ponzi/scam?
Are you surprised, when you see a ROI which is hard to reach, if reached at all, at the legit cloud mining sites?
Are you surprised, when you see how the legit cloud mining sites reacted to their customers in the past?

Because this is about HashFlare, did you read about how the current owners of HashFlare started with selling hardware they weren't able to deliver at all? Yes, AFAIK they tried to correct this through starting with cloudmining with the same hardware, but still it isn't a good start.

And looking at HashFlare: when you look into their "Revenue forecast" this is without the electricity/maintenance fee... not exactly a fair "revenue forecast", isn't it?

But I do believe that they try to deliver the real thing: cloud mining - and when lowering the fees it's for all customers (Genesis Mining fee is only for new contracts), so the lifetime for a HashFlare contract is probably longer. But looking at Ether/Dash mining, they ask more for a 1 year contract then Genesis Mining for a 2 year contract.

[kalpit]

To all those complaining low returns from Hashflare,
ROI being low is good.

Less ROI means less chances of being scam.

I remember seeing add of cloud mining promising ROI in 2-3 months.

ROI is still very better than traditional banks offer.

[brobbel]

To all those complaining low returns from Hashflare,
ROI being low is good.

Less ROI means less chances of being scam.

I remember seeing add of cloud mining promising ROI in 2-3 months.

ROI is still very better than traditional banks offer.

I don't think HashFlare is scam. I do think they are legit.

I do think there are ways to get a better ROI.
I also think that some contracts of HashFlare will never reach ROI.
And, as already mentioned, I think the way they show the "revenue forecast" is a bit misleading.

And still, I do have some hashpower at HashFlare. And I'm open to buy hashpower from users which are disappointent with the results of HashFlare.

[Crystal11]

To all those complaining low returns from Hashflare,
ROI being low is good.

Less ROI means less chances of being scam.

I remember seeing add of cloud mining promising ROI in 2-3 months.

ROI is still very better than traditional banks offer.

my first purchase was on july 2016 ,since then i kept buying small amounts and summing up the transaction fees minus what i got NET from withdrawals i have recovered so far 12.5% ..since july 2016 !
Indeed, the revenue forecast displayed is a lie because i can show you proofs that in almost 1 year in have recovered 12.5% roi.
Lets do some math, how many years are needed for a 100% roi (transaction fees for deposits included) from sha-256 ?

8 years !!
I doubt hashflare will resist another 7 years with all the mining difficulty. They will shut down contracts with a perfect excuse "NOT PROFITABLE" = scamming people.
The 30k satoshi withdrawal fee is killing any chance to recover some money of the lower investors. The withdrawal fee should be a percentage of the withdraw . Also all the contracts should be based and limited on 200% ROI (most of users have paid very high transaction fees to deposit to hashflare so this percentage should cover the network fees)
So it is not a matter if hashflare is scamming but when will this happen. It's a time bomb.

I strongly recommend hashflare owners to invest some money in real assets if they want to pay all the members' ROI, at least 100%.
I also recoomend to the future members to not buy sha-256 because this is a trap.

[brobbel]

To all those complaining low returns from Hashflare,
ROI being low is good.

Less ROI means less chances of being scam.

I remember seeing add of cloud mining promising ROI in 2-3 months.

ROI is still very better than traditional banks offer.

my first purchase was on july 2016 ,since then i kept buying small amounts and summing up the transaction fees minus what i got NET from withdrawals i have recovered so far 12.5% ..since july 2016 !
Indeed, the revenue forecast displayed is a lie because i can show you proofs that in almost 1 year in have recovered 12.5% roi.
Lets do some math, how many years are needed for a 100% roi (transaction fees for deposits included) from sha-256 ?

8 years !!
I doubt hashflare will resist another 7 years with all the mining difficulty. They will shut down contracts with a perfect excuse "NOT PROFITABLE" = scamming people.
The 30k satoshi withdrawal fee is killing any chance to recover some money of the lower investors. The withdrawal fee should be a percentage of the withdraw . Also all the contracts should be based and limited on 200% ROI (most of users have paid very high transaction fees to deposit to hashflare so this percentage should cover the network fees)
So it is not a matter if hashflare is scamming but when will this happen. It's a time bomb.

I strongly recommend hashflare owners to invest some money in real assets if they want to pay all the members' ROI, at least 100%.
I also recoomend to the future members to not buy sha-256 because this is a trap.

I do understand your frustration, but you can't blame HashFlare for the transaction fee, because bitcoin transfer fee is high in general. Too high in my opinion, but that's beyond HashFlare's control.

It is high for small investors, but why did you do so many withdrawals? You could have much better results just waiting and only withdraw once in a while. When I started, that's what I did.

[bussybuddy]

To all those complaining low returns from Hashflare,
ROI being low is good.

Less ROI means less chances of being scam.

I remember seeing add of cloud mining promising ROI in 2-3 months.

ROI is still very better than traditional banks offer.

my first purchase was on july 2016 ,since then i kept buying small amounts and summing up the transaction fees minus what i got NET from withdrawals i have recovered so far 12.5% ..since july 2016 !
Indeed, the revenue forecast displayed is a lie because i can show you proofs that in almost 1 year in have recovered 12.5% roi.
Lets do some math, how many years are needed for a 100% roi (transaction fees for deposits included) from sha-256 ?

8 years !!
I doubt hashflare will resist another 7 years with all the mining difficulty. They will shut down contracts with a perfect excuse "NOT PROFITABLE" = scamming people.
The 30k satoshi withdrawal fee is killing any chance to recover some money of the lower investors. The withdrawal fee should be a percentage of the withdraw . Also all the contracts should be based and limited on 200% ROI (most of users have paid very high transaction fees to deposit to hashflare so this percentage should cover the network fees)
So it is not a matter if hashflare is scamming but when will this happen. It's a time bomb.

I strongly recommend hashflare owners to invest some money in real assets if they want to pay all the members' ROI, at least 100%.
I also recoomend to the future members to not buy sha-256 because this is a trap.

I have sent you a pm!

[Crystal11]

It is high for small investors, but why did you do so many withdrawals? You could have much better results just waiting and only withdraw once in a while. When I started, that's what I did.

The answer is very simple, because i do not (can't) trust in hashflare's long life  

I have sent you a pm!

And i sent you the reply with thanks but no  .

[bussybuddy]

It is high for small investors, but why did you do so many withdrawals? You could have much better results just waiting and only withdraw once in a while. When I started, that's what I did.

The answer is very simple, because i do not (can't) trust in hashflare's long life  

I have sent you a pm!

And i sent you the reply with thanks but no  .

Thank you Sr!

[brobbel]

my first purchase was on july 2016 ,since then i kept buying small amounts and summing up the transaction fees minus what i got NET from withdrawals i have recovered so far 12.5% ..since july 2016 !
Indeed, the revenue forecast displayed is a lie because i can show you proofs that in almost 1 year in have recovered 12.5% roi.
Lets do some math, how many years are needed for a 100% roi (transaction fees for deposits included) from sha-256 ?

8 years !!
I doubt hashflare will resist another 7 years with all the mining difficulty. They will shut down contracts with a perfect excuse "NOT PROFITABLE" = scamming people.
The 30k satoshi withdrawal fee is killing any chance to recover some money of the lower investors. The withdrawal fee should be a percentage of the withdraw . Also all the contracts should be based and limited on 200% ROI (most of users have paid very high transaction fees to deposit to hashflare so this percentage should cover the network fees)
So it is not a matter if hashflare is scamming but when will this happen. It's a time bomb.

I strongly recommend hashflare owners to invest some money in real assets if they want to pay all the members' ROI, at least 100%.
I also recoomend to the future members to not buy sha-256 because this is a trap.

I've sent you a PM also.

[arwin100]

To all those complaining low returns from Hashflare,
ROI being low is good.

Less ROI means less chances of being scam.

I remember seeing add of cloud mining promising ROI in 2-3 months.

ROI is still very better than traditional banks offer.

I don't think HashFlare is scam. I do think they are legit.

I do think there are ways to get a better ROI.
I also think that some contracts of HashFlare will never reach ROI.
And, as already mentioned, I think the way they show the "revenue forecast" is a bit misleading.

And still, I do have some hashpower at HashFlare. And I'm open to buy hashpower from users which are disappointent
with the results of HashFlare.

We cannot truly call them scam sincr theirs no bad stolen claims against yet and the only one i see is those unprofitable issue who have been splash at them and also we can't call them legit yet since as far as i know that mining business is not truly profitable right now and its up to the people/investor if they will choose to invest on this kind of scheme and they must know the risk since and know on how investing on cloudmining will be worth to them.

[brobbel]

We cannot truly call them scam sincr theirs no bad stolen claims against yet and the only one i see is those unprofitable issue who have been splash at them and also we can't call them legit yet since as far as i know that mining business is not truly profitable right now and its up to the people/investor if they will choose to invest on this kind of scheme and they must know the risk since and know on how investing on cloudmining will be worth to them.

Maybe you can use interpunction in the future?

Legit? = they are truly mining. You can visit them to see the mining rigs. So, yes they are legit.

Profitable? = that's a different story. And with every investment it's good to look into it before investing. And there's enough information available about their contracts - also on this board.