Bitcoin Cloud Mining with HashFlare

[Steffoboy]

Do not believe cloud mining, you will regret it

regret what, i rather regret what i did than what i didn't do, what lose money, you lose money everywhere, all chances is that something will come out if you take chances, sitting in a dark room and waiting for the future, will not bring it. If i lose it all i don't care.

[Coins4Days]

Do not believe cloud mining, you will regret it

I've been playing with an SHA256 account from Hashflare for about 70 days. Started with 20GH/s for testing, then went to 1Th/s during the Thanksgiving sale. If you stay on top of your pool allocations, ROI can occur in 100 days. Figuring my purchases at full price, I will have my principal back next month, and everything else is gravy.    (If I use the actual purchase price, it's even better!)

I have been using Hashflare since 2015. I bought 350 gh/s and slowly crept my way up to 2.28 th/s while also withdrawing coins when I wanted to spend them or convert them to USD. Back in August or September, they slashed their contracts from an unlimited length to a year (which sucked), but yes, I agree with you that cloud mining is, in fact, worth it. But only if you are investing with a company that isn't a sham. HF has been around for a few years now and they provide proof of mining on their Facebook and YouTube page. It's worth it, get in while you can

[Steffoboy]

Chinese BCASH scammer miners is on the move, hashrate up 30% while bitcoin is 47% under all time high, now hashrate is as high almost at the all time high when profitability was at its peak. So now we can look forward to new increases in difficulty, thanks to them.

Hashrate      Bitcoin Price
      
14800              16276
15117   2.1%   17748
12977   -14.2%17872
12977      
15453   19.1%   19621
16486   6.7%     18771
15471   -6.2%   18726
12331   -20.3% 17000
12331   0.0%    15110
12804   3.8%    13722
13727   11.3%   14183
13562   5.9%     14056
14765   7.6 %   13,834
11942   -11.9%14,092
13497   -8.6%   16,294
      
14641   22.6%   15,346
14641   0.0%    14,867 this data for yesterday was not measured
15689   7.2%    13,279 30/12 - 2017

 and to add to the mix, i think they send small amounts of bitcoin for low fees to slow the system even more, transactions that is yet to be processed is rising with 3 per second, atm, this will be 10800 unconfirmed added per hour, so then they withdraw the hashrate when difficulty goes up, leaving the blockchain in wheelchairs on the highway.

https://blockchain.info/unconfirmed-transactions
https://chain.so/BTC?error=1

[ACKayaturk]

Do not believe cloud mining, you will regret it

did you?

[f4]

Do not believe cloud mining, you will regret it

It is less about believing, more about experience and calculation.
Even a traditional trader wouldnt recommend to invest into an asset that you dont understand.

[Steffoboy]

Do not believe cloud mining, you will regret it

It is less about believing, more about experience and calculation.
Even a traditional trader wouldnt recommend to invest into an asset that you dont understand.

I agree with you, however, what we need right now is the belief that Bitcoin will rise in price, if it dosent and even goes down to 3k again, there is no mathematics supporting mining, at 2.2 dollar a 10 Ghash... if price goes back at 19k and above all is fine, but thats a belief if none.

[Steffoboy]

Hashrate took a new staggering jump now when bitcoin dipped to its lowest, further cementing that high price is not the factor for added Hashrate to increase, instead my theory of Chinese manipulation seems to be more and more correct by the day.

Hashrate has now risen 43.6% in a few days while bitcoin lost 47% since all-time high.

Hashrate is now 17854 yesterday was 15689 +13,8%

[Steffoboy]

oh well, hashrate dropped -24% as the difficulty increased slightly, lets all hope they cant manage to rock the boat so much in the future, new Hashrate for today became 13476 as it dropped from 17854!

[holdx]

Is there information when hashflare will reduce the minimum payment amount? Queues in unconfirmed transactions will not decrease.

[Coins4Days]

Is there information when hashflare will reduce the minimum payment amount? Queues in unconfirmed transactions will not decrease.

The minimum payment amount will decrease when they find an alternative to their payment provider block.io and/or when the sheer amount of unconfirmed transactions decrease. Until then, there's nothing really we can do except for sitting tight.

[SomeOzDude]

Has it been considered to change the maintenance system to only withdraw once a minimum amount is reached, similar to how the user withdrawal system works? I would imagine that that would have at least 2 effects, 1) less transactions fee's due to fewer payments equalling the same amount over time, and 2) would that reduce the number of overall transactions and thus help everyone with payment times?

Some Oz Dude

[Steffoboy]

Has it been considered to change the maintenance system to only withdraw once a minimum amount is reached, similar to how the user withdrawal system works? I would imagine that that would have at least 2 effects, 1) less transactions fee's due to fewer payments equalling the same amount over time, and 2) would that reduce the number of overall transactions and thus help everyone with payment times?

Some Oz Dude

Answer is no, sending bitcoin is 12 usd, go on and tell them that you want a payout at 10 usd, they can then retract hashrate for the remainder of the balance. Do you see the problem here?

Bitcoin is clogged up, so low fee transaction is no longer possible, period. confirmation time for a low fee transaction is 5 to 7 days, and if transactions go up higher during that time, the fee will rise even more making the transaction to not happen at all, this is the problem.

Higher fees has priority in the blockchain, if you ask me, i think thats stupid, but greed runs the planet anyway. so no solution in sight, i mean, bitcoin can even go extinct before the people that has responsibility in these matters, can get their thumbs out of the ass and fix it.

This problem persist due to all disagreements in the community, it might be the death of bitcoin, i still dont have heard to many of the developers realize this. The ones i heard just goes about that bitcoin is best and it will be fixed etc, im not so sure, i dont think the market is so sure either, most money coming into the market is piling in to just everything else than Bitcoin right now, Bitcooin dominance keeps falling, when its no longer dominant, it can drop like a stone.

Outsiders have been predicting this for at lest 8 months as i know it.

Hashflare has no say in how the blockchain perform, and its not possible to pay small transactions.

[RealSwissMiner]

Still waiting for the minimum withdrawal amount the reduce - 0.05 BTC is quite a lot and would forces you to buy more Hashpower which is not really a great option.

[xYakult]

I wonder what will happen to those account with only little hash power where even mining for 1 year (contract) won't be able to reach the minimum withdrawal. not lowering the minimum withdrawal amount seems really sketchy

[Dav7]

I wonder what will happen to those account with only little hash power where even mining for 1 year (contract) won't be able to reach the minimum withdrawal. not lowering the minimum withdrawal amount seems really sketchy

No one gets stuck with balance, those people may request payment via support.

Now let me share an interview I found on YouTube with Edgar Bers from Hashflare:

https://www.youtube.com/watch?v=iY--W8i3LD4

[RealSwissMiner]

I wonder what will happen to those account with only little hash power where even mining for 1 year (contract) won't be able to reach the minimum withdrawal. not lowering the minimum withdrawal amount seems really sketchy

No one gets stuck with balance, those people may request payment via support.

Now let me share an interview I found on YouTube with Edgar Bers from Hashflare:

https://www.youtube.com/watch?v=iY--W8i3LD4

That would be the only fair solution. People still need to wait 1 year to receive their reward but at least they will get it. Otherwise HF got the payment for the hashpower plus the amount that was mined - not acceptable at all.

[f4]

Current daily mining profit for 1 TH is 13021 satoshis, my last five payouts on hashflare were around 14500 satoshis per TH.
Are the pools just lucky atm or is there another reason for that?

I doubt they finally pay the fees additionally to the block reward.

[muzuca]

Current daily mining profit for 1 TH is 13021 satoshis, my last five payouts on hashflare were around 14500 satoshis per TH.
Are the pools just lucky atm or is there another reason for that?

I doubt they finally pay the fees additionally to the block reward.

I noticed this, I'm receiving more too... probabily they are paying some part of the fees.

A lot of people complaint about this, and it's fair pay all the block reward anyway.

[xYakult]

Current daily mining profit for 1 TH is 13021 satoshis, my last five payouts on hashflare were around 14500 satoshis per TH.
Are the pools just lucky atm or is there another reason for that?

I doubt they finally pay the fees additionally to the block reward.

Probably the additional amount is just from the fees from every transaction confirmed by the pool you are pointing plus the luck of the pool. The 13021 satoshis you are saying is just the estimated earnings per ths having just 100% luck

[ACKayaturk]

Hello,

Does anyone register for hashflare discount thing?

They say they gave your %10 if you didn't register from referral?

https://www.hashflare.discount/

What do you think?