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Author Topic: Hashflare Bitcoin Mining Out of Stock  (Read 564 times)
SophiaLovesBitcoin (OP)
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September 11, 2017, 11:31:13 AM
 #1

Does anyone know when Hashflare will get the SH-256 mining back online as they are currently out of stock?
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September 12, 2017, 06:52:50 AM
 #2

how about nobody will know about it ?
except the staff of the hashflare itself,because they will know it will be availiable again or not based on their stock and hardware.
out of stock which mean the contracts already bought and no more space availiabe for new costumer at the moment.
usually people will rent for a year or more than that,
unless they buy a new hardware to do the mining.
how about contacting the support of the hashflare itself? have you try that ?

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September 12, 2017, 03:39:43 PM
 #3

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First off, sorry for my bad English, I am not a native English speaker.
As you've probably noticed by now, Hashflare has cancelled all lifetime contracts so that they all expire in 1 year!
Some people might say there's a line in their contracts which holds them the right to change their contracts. But we're customers not lawyers! Even if we suppose they cheated their customers with some tricky contracts, it just confirms their fraud! Here's a few points why they "legally" scammed all their customers:

1. If they weren't sure about the term of contracts, they should have warned customers about the possible change in term of contracts. Instead, they were claiming that their contracts are "fixed contracts" and there will be no change in their contracts!

2. They misled us purchasing their "fake" lifetime contracts while we had the chance to buy real lifetime contracts from other companies. Even if we were going to choose loosing money with them, then "1 year ETH" could have been better choice than "1 year SHA" which is provided in lifetime contracts anywhere else!

3. They are also still charging the regular fees despite changing their fake "lifetime" contracts to "1 year" rental contracts! That said, rental contracts should not be subjected to any fees.

4. They don't provide anything more than other companies do, except that their service is more expensive and less profitable!

5. They have broken their contract, without justification. Once they sold all lifetime contracts, they thought they could make more money by re-selling their contracts to new customers! What greedy kids!!

6. And there's more...

I really hope to see this company bankrupt! Please spread this post to the world, nobody should pay one penny for this fraud company.

Hashflare: unfair commercial practices, unfair contract terms
http://europa.eu/youreurope/citizens/consumers/unfair-treatment/?

https://www.change.org/p/don-t-let-hashflare-io-change-lifetime-contracts-to-year-contracts-hashflare?recruiter=777085939&utm_source=share_petition&utm_medium=copylink&utm_campaign=share_petition&utm_term=share_petition?

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September 12, 2017, 04:25:38 PM
 #4

Does anyone know when Hashflare will get the SH-256 mining back online as they are currently out of stock?
As been mentioned above if they do say that their out of stock then you cant do anything about it and you would really need to wait instead.As suggested why not trying to contact them regarding on your queries?If i were you i wont bother to put investment on this cloud mining schemes because i dont see that this thing is profitable anymore specially on longer runs.

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September 12, 2017, 04:29:21 PM
 #5

Well, to me it looks like they planned this from the start... the following is an exerpt from my complaint after the ToS change...

Quote
(HashFlare Support)

Sep 12, 10:13 EEST
Hi,

Thank you for the letter!

We are a market player, not a market maker. We are forced to move with the trends and available resources. In this case, availability of hardware is lowering to a mark where we are not able to remain profitable in long-term. Equipment is not infinite nor does it work indefinitely.

HashFlare initially guaranteed and continues to guarantee one thing: the hashrate the user has rented will continue in full until the contract expires.

Equipment periodically suffers malfunctions and has to be replaced, this is included in the price. However, if there is a deficit of equipment, we would reach a point when we become unable to offer new contracts, due to available equipment’s hashrate being sold out. In the current situation, if contracts would have remained lifetime, this point would be reached a lot sooner.

The compensation, in this case, is the price they purchased the initial contracts with since it is considerably lower.

The calculations and projections have shown we have to move quickly.

All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018.


Best regards,
######
HashFlare.io Support Team


I stopped talking to them and will take a lawyer...
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September 12, 2017, 04:32:03 PM
 #6

Does anyone know when Hashflare will get the SH-256 mining back online as they are currently out of stock?
No one can say anything on this except hashflare representatives, ask to their support. Might be they will soon start pre-booking like genesis mining is doing which will be delivered after October.

But why you are interested to invest with them, they have recently changed their mining terms without prior notice which  shows their intention is to get all of the mining devices bought with investors money under their control.

 
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September 12, 2017, 04:54:14 PM
 #7

I hve never used hashflare and never will. I dislike cloudmining in general and I highly advise you to stay away! It's only really profitable if you can attract an army of affiliates like some cheap YouTubers spamming their referral link.
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September 13, 2017, 04:28:21 AM
 #8

I hve never used hashflare and never will. I dislike cloudmining in general and I highly advise you to stay away! It's only really profitable if you can attract an army of affiliates like some cheap YouTubers spamming their referral link.

It is easy to have an opinion over something you don't know about.

It can be profitable (and in my personal experience is profitable!), but you have to take the right one (only few cloudminers are legit, 99.99% is not) and with the legit ones the profit is lower due to high maintenance and electricity costs. Due to bitcoin price rising the last year it really was profitable (so also in BTC you have profit), but when price is dropping it almost certainly will be not profitable.
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September 13, 2017, 07:54:16 AM
 #9

Does anyone know when Hashflare will get the SH-256 mining back online as they are currently out of stock?

Nobody knows mate. You have to ask Hashflare themselves about when they get their contracts available for investors again. Nothing we know in the community to help you or to help the process become faster.

But let me tell you - hashflare is one of the most scummy companies out there. They have recently cut down all contract lengths, whether existing or purchased in future down to 1 year, even though they were marketed as "lifetime contracts"

Is this a company that you would want to trust, even if they get back their stock? No.
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September 13, 2017, 10:40:24 AM
 #10

Some red flags from Hashflare are already in place, the fact that they lowered the lifetime contract to just one year shows they are not capable of offer reliable mining for a long period. Now they say that they are out of stock and that they have sold of the hashrate of their mining machines. I would not be surprised if the third step is closing down business without any prior notice.

Why people insist so much on cloud mining it's been a few years I am trying to understand but can't until now.

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September 13, 2017, 10:50:01 AM
 #11

Some red flags from Hashflare are already in place, the fact that they lowered the lifetime contract to just one year shows they are not capable of offer reliable mining for a long period. Now they say that they are out of stock and that they have sold of the hashrate of their mining machines. I would not be surprised if the third step is closing down business without any prior notice.

Why people insist so much on cloud mining it's been a few years I am trying to understand but can't until now.

Changing lifetime contract to just one year: bad move (probably illegal too)
Out of stock: every other cloudminer is out of stock - there is high demand for miners, so that's not strange. It should be strange if they were never out of stock
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September 13, 2017, 08:19:27 PM
 #12

Some red flags from Hashflare are already in place, the fact that they lowered the lifetime contract to just one year shows they are not capable of offer reliable mining for a long period. Now they say that they are out of stock and that they have sold of the hashrate of their mining machines. I would not be surprised if the third step is closing down business without any prior notice.

Why people insist so much on cloud mining it's been a few years I am trying to understand but can't until now.

Changing lifetime contract to just one year: bad move (probably illegal too)
Out of stock: every other cloudminer is out of stock - there is high demand for miners, so that's not strange. It should be strange if they were never out of stock


There is high demand for physical miners, if there is high demand for hashing cloud like Hashflares provides we will see another bubble of sad people just like we saw in Hashocean. I have started mining myself with few graphic cards , three RX 580 to be exact and although their profitability is down to ashes , I am happy that those little earnings it is sure that are mine and belongs to me.

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September 13, 2017, 11:59:13 PM
 #13

Sad Sad Sad Cry Cry Cry Angry Angry Angry
First off, sorry for my bad English, I am not a native English speaker.
As you've probably noticed by now, Hashflare has cancelled all lifetime contracts so that they all expire in 1 year!
Some people might say there's a line in their contracts which holds them the right to change their contracts. But we're customers not lawyers! Even if we suppose they cheated their customers with some tricky contracts, it just confirms their fraud! Here's a few points why they "legally" scammed all their customers:

1. If they weren't sure about the term of contracts, they should have warned customers about the possible change in term of contracts. Instead, they were claiming that their contracts are "fixed contracts" and there will be no change in their contracts!

2. They misled us purchasing their "fake" lifetime contracts while we had the chance to buy real lifetime contracts from other companies. Even if we were going to choose loosing money with them, then "1 year ETH" could have been better choice than "1 year SHA" which is provided in lifetime contracts anywhere else!

3. They are also still charging the regular fees despite changing their fake "lifetime" contracts to "1 year" rental contracts! That said, rental contracts should not be subjected to any fees.

4. They don't provide anything more than other companies do, except that their service is more expensive and less profitable!

5. They have broken their contract, without justification. Once they sold all lifetime contracts, they thought they could make more money by re-selling their contracts to new customers! What greedy kids!!

6. And there's more...

I really hope to see this company bankrupt! Please spread this post to the world, nobody should pay one penny for this fraud company.

Hashflare: unfair commercial practices, unfair contract terms
http://europa.eu/youreurope/citizens/consumers/unfair-treatment/?

https://www.change.org/p/don-t-let-hashflare-io-change-lifetime-contracts-to-year-contracts-hashflare?recruiter=777085939&utm_source=share_petition&utm_medium=copylink&utm_campaign=share_petition&utm_term=share_petition?



Do not invest on Hashflare anymore, they are on the verge of insolvency I guess, due to recent events.
This kind of activities to make sure they cut loss and be able to pay customers with all they have left in their wallet.
Yes, it feels like a deceptive act to change the contract only by their side without a warn for everyone.
Many people get mad and will take some lawyers against hashflare management.
xypos
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September 14, 2017, 01:22:07 AM
 #14

That's up to hashflare to decide and nobody has any clue when they are going to be able to refill their inventory.

I would NOT recommend doing anything on hashflare though especially if you are planning on investing. I don't even think that you should be investing in any cloud mining at all. Hashflare basically scammed thousands of users by reducing the contract terms to 1 year from lifetime.

Would not trust, would not ivest.
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