HashFlare.io gone out of there mind

[bapparabi]

HashFlare.io has made something crazy today ..do this thing company preparing for something big or going out or something

Update 06.11.2017 16:45:00 UTC:
Withdrawals are enabled (except ZEC), however, the minimum withdrawal amounts have been temporarily increased for monitoring purposes. We estimate this to be reverted within 48 hours.
The temporary amounts are currently:
Bitcoin: 0.2 BTC
Ethereum: 5 ETH
Dash: 3 DASH

Thank you for choosing HashFlare!

[swogerino]

If those numbers are true, I guess a lot of people will take quite sometime to make their withdrawals. 5 Ethereum really ? A mining computer with 6 Rx 580 cards can make barely 1 Ethereum for month so how come you need to make 5 Ethereum with this service in order to withdraw ? If they don't revert back to old minimum withdrawals I am afraid they are near to closing down shop.

[Zocadas]

They simply keep the money of most of their customers. Looks, like they are just turning into full scam. Really bad news, after they turned lifetime contracts to one year period.

[felicita]

ok so for now on iam really good with my "open-end" contracts on genesis minng !
there is the current payout threshold 150 000 Satoshi but on start it was 50 000 they also incresed there ammount since satrting .....



regards

[leowonderful]

They’re likely not getting enough investors and enough profits from their “farm” to pay back people wishing to withdraw so putting up a high withdraw requirement is probably the last straw before they run for good. There’s little reason to put something like this up unless there’s issues with currency conversion, etc on their end. Wish they’d be more transparent about this. Remember that cloud mining is essentially gambling and to never invest more than you can afford to lose.

[Youghoor]

This is good for those who want to withdraw they earnings, but yes, it is a little bit strange because they are just enabling this when there has been a hack on ethereum, and of course, when there are only a few days left before the fork, it is strange, a lot of things happened today and we dont even know what is really happening, i am so confused about all this thing.
I have never trusted in hashflare because i dont like cloudminings, but that amount of money is huge, those who can withdraw are the lucky ones.

[blockman]

Looks like they are starting to trigger now, for those people that invested to hashflare better to pull out your funds as you can right now. Don't care about the increased minimum withdrawal, it's better to get it out now or it will hurt you to see them runaway with your money. I pity those investors that are still endorsing them to newbies here that keep on asking about cloud mining because they are trusting it and yet they are far from the minimum cash out. While it's still early and once you reached that minimum withdrawal or you can exit now, exit immediately many things can happen for less than 48 hours.

[terrific]

Quite suspicious, how can those investors that recently get in and still kicking themselves just to reach the minimum withdrawal. That's a big amount for a place to withdraw, exchange and gambling sites does even have lower threshold when someone wants to withdraw. It's the reason why I don't trust any of the cloud mining websites now, everything can happen at any moment and they can collapse. 5 ethereum for a minimum withdrawal? Oh that's totally nuts!

[npredtorch]

It might be a small sign for a bigger event on hashflare.  The "monitoring" reason is a bit off the road and considering how high is the increase on the minimum withdraw, makes it more skeptical on many ways.
Also, this move from them shows that they want to prolong the "holding" period for their customers bitcoins/altcoins. It sounds like they want to use these holded bitcoins into something that can benefit them.

[boyptc]

I don't buy on that monitoring coming from them, how many hours have gone? Let's see if they will revert the minimum withdrawal, I'm not an investor of them but if nothing happens with the given period of time you know what to do and what to expect.

[bapparabi]

yes they said this will be resume in 48 hours ..but not sure if that will solve or not .so just waiting for there update on this ..as the minimum amount they mention is which high right now

[crazyivan]

Very strange, hope they dont go AWOL, I know they re not not so profitable anymore, yet I dont want to completely lose faith into cryptoworld.

I know only 1 single cloudmining options which has been right on the spot, the rest is either not profitable or scam big time.

It seems going with your rigs is the best possible option.

[btcney]

They had just reduced the term of contract for all their lifetime contract holders from lifetime(aka until the contract runs out of profits) to 1 year. Which is extremely unfair in my opinion and completely unjustified on their part.

Now they're trying to basically disable withdrawals since minimums are so high.

This is the beginning of the end of Hashflare in my opinion. Probably liquidity issues or something.

[mobnepal]

Those minimum amount to make withdrawal is just a sign how much they are in debt, don't know why people still trust all this cloud mining packages anyway. You can buy a full/real mining device with almost 2x power than what you could get from those cloud mining sites at the same price range.

Its always better to mine with real mining devices if you are really fond of mining but that will also become unprofitable if you don't have either free electricity or very cheap one.

[BillCoin]

Just LOL..

With my rig I won't be able to withdraw  even if I mine for the whole century, don't they think they have some customers that mine from home?

It is way too high, and I just can't see any reason for that, if it is hard for them to process withdrawals, they could have been charging a higher withdrawal fee, instead of just locking customers funds.

I am leaving HashFlare until they bring out any acceptable reason.

[bL4nkcode]

They made their move, And I visit my account since I have several ETH there, though I will not recommend to invest on this site anymore and to update the OP here's the new rates of the minimum withdraw of each available mining on hashflare

Code:

Update 08.11.2017 13:15:00 UTC: 
Withdrawals are enabled, however, the minimum withdrawal amounts have been temporarily increased for monitoring purposes. We estimate this to be reverted within the next few days. 
The temporary amounts are currently: 
Bitcoin: 0.1 BTC
Ethereum: 2.5 ETH
Dash: 1.5 DASH
ZEC: 1.5 ZEC

Quoted from Hashflare.io

However 2.5 ETH I still to high for the minimum withdraw lol

[swogerino]

Even with the update from their side 0.1 Bitcoin is 750 dollars almost with the actual exchange rate. I don't know for you guys but I have never seen such a high minimum withdrawal and for me this is really suspicious. I suggest you to withdraw your ethereums as I think this website is near the end of their days so better to be safe than sorry.

[RealSwissMiner]

They made their move, And I visit my account since I have several ETH there, though I will not recommend to invest on this site anymore and to update the OP here's the new rates of the minimum withdraw of each available mining on hashflare

Code:

Update 08.11.2017 13:15:00 UTC: 
Withdrawals are enabled, however, the minimum withdrawal amounts have been temporarily increased for monitoring purposes. We estimate this to be reverted within the next few days. 
The temporary amounts are currently: 
Bitcoin: 0.1 BTC
Ethereum: 2.5 ETH
Dash: 1.5 DASH
ZEC: 1.5 ZEC

Quoted from Hashflare.io

However 2.5 ETH I still to high for the minimum withdraw lol

Within the next few days. Somehow I think this will end badly. I only invested a low amount beginning of this year and wanted to make another withdraw these days.. guess I was late

[blockman]

They made their move, And I visit my account since I have several ETH there, though I will not recommend to invest on this site anymore and to update the OP here's the new rates of the minimum withdraw of each available mining on hashflare

Code:

Update 08.11.2017 13:15:00 UTC: 
Withdrawals are enabled, however, the minimum withdrawal amounts have been temporarily increased for monitoring purposes. We estimate this to be reverted within the next few days. 
The temporary amounts are currently: 
Bitcoin: 0.1 BTC
Ethereum: 2.5 ETH
Dash: 1.5 DASH
ZEC: 1.5 ZEC

Quoted from Hashflare.io

However 2.5 ETH I still to high for the minimum withdraw lol

That is still too much, $750 worth of withdrawal? So this is what happened with their for the next "48 hours" and they promised again to change it for next few "days". What are they trying to do with their investors, this is really going through into something. Did you ever withdraw your funds there already? If I were you I'm going to rush to quickly get out of their platform anyway. To those newbies out there just don't invest on them anymore.

[npredtorch]

I guess it's better to continue discussing these things on their main ANN thread - https://bitcointalk.org/index.php?topic=1164418.1360 . That will give them some knock to clarify more things about what's truly happening on their cloud mining service.

Well, you might see that it's also weird that only few people have posted so far about the withdrawal problem in that topic. There's 2 scenario I could see, 1. HF's users are sleeping 2. They accepted the minimum withdraw rate, it's O.K for them.