Is it safe to join hashflare.io ?

[error08]

This cloud mining has been here for years, so the answer is yes it is safe. But there is no guarantee what will happen in the future of course, whether their business growing or go bankrupt. I recommend to not risk your bitcoin, it's better to hold it or sell at the peak and buy back after it fall instead of waiting for a really long time to get profits from cloud mining.

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[Tyrantt]

This cloud mining has been here for years, so the answer is yes it is safe. But there is no guarantee what will happen in the future of course, whether their business growing or go bankrupt. I recommend to not risk your bitcoin, it's better to hold it or sell at the peak and buy back after it fall instead of waiting for a really long time to get profits from cloud mining.

Is it safe?
most probably.
is it profitable to invest in it?
probably not.

Don't invest in cloud mining of bitcoin, cloud mining of alt-coins could be somewhat profitable but btc, no.

[zspectrum]

I have used Hashflare for more than 1.5 months and so far the payouts are following my initial forecast. ROI on one year is 400%, could lower to 300% according to the difficulty of hashrate.
But this cloud mining is legit, no doubt about it. I already got back 50% of my initial investment in 1.5 month. I will be breakeven in another 1.5 month.
I have a written a blog with some advice, screenshot and explanation, check https://hashflare-review.com

[Zadicar]

This cloud mining has been here for years, so the answer is yes it is safe. But there is no guarantee what will happen in the future of course, whether their business growing or go bankrupt. I recommend to not risk your bitcoin, it's better to hold it or sell at the peak and buy back after it fall instead of waiting for a really long time to get profits from cloud mining.

Is it safe?
most probably.
is it profitable to invest in it?
probably not.

Don't invest in cloud mining of bitcoin, cloud mining of alt-coins could be somewhat profitable but btc, no.

I would consider profitability on altcoin contracts except on btc indeed but talking about safety then theres no assurance on these cloud mining businesses. Profitability would really be the main issue and also instances that those cloud mining sites would become scam sooner or later that's why its not really worth to put up money on these kind of investments.If you insist then do it for your own risk.

[greeklogos]

Most cloud mining sites are scams, but scam or not, cloud mining is almost always a losing investment.

Regarding hashflare.io: even if it looks legitimate, it is still a money-loser.

For each 10 GH/s Bitcoin contract you buy, you will pay $1.20 plus $1.44 per year in maintenance fees. After one year 10 GH/s might mine 0.002 BTC, currently worth about $2.00. You might break even after two years, but it is more likely that you will never break even.

Yeah. It may be safe to join the site, especially if you have anti virus and use it from your home wi-fi, but cloud mining surly will not bring you that profit you are expecting for, the same way you may join to a faucet. Good luck!

[ShadowBJ21]

I like Hashflare in general but they have two problems at the moment: Their prices and the current Exchange Rate

They increased prices before christmas. It was $1,50 per 10 GH/s and is now $2,20 for BTC mining.
While this was still ok when the BTC was high it is more difficult now with the lower BTC. At the moment expect ROI within 4-5 months (was 2-3 before).
I addition their maintance fee is a fixed $-Amount but will be deducted in BTC (so the lower the BTC the higher the fee)

Same ist for ETH mining (also this is maintenance free). ROI was around 5 months, down to 3-4 months before the ETH followed the BTC down from his max. and is now closer to 6 months.

So if you expect that Cryptos will go up significantly again and you have no problem to hodl your mined coins some time than it might be still a good thing.
If you expect the Cryptos stay at the current level for a very long time (or even go down further) it might be not a worthwhile investment.

For me I currently re-invest mined BTC into more ETH mining power as I expect the ETH to have more potential to rise again. But this is just my opinion!

One more remark: The min. withdraw for BTC is quite high at over $500 (but should decrease again sometimes later). Ether min withdraw is around $95.

[energybill]

Just curious can anyone on this thread speak English? How can the investment comments be of any value when everyone commenting seems to be clueless-smh

[Mahanton]

Just curious can anyone on this thread speak English? How can the investment comments be of any value when everyone commenting seems to be clueless-smh

From what planet are you from? I guess you did able to read up those post above yours which is in pure english. Dont know which english you are seeking on and besides you are bumping again a 3 month old thread and you are just saying that everyones is clueless on what they say. Have you tried to read up?

Back on topic,  every investment do have risk specially on cloud minings profitability would still in big question.

[tabas]

Just curious can anyone on this thread speak English?

Everyone speaks English here, some are fluent, some are average.

How can the investment comments be of any value when everyone commenting seems to be clueless-smh

Clueless? If it's about cloud mining, everyone's comment here will tell you that you should stay away from this type of investment.