HashFlare Turning Scam??

[burky156]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

[cuteman]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

yesterday they lowered limit to 0.01 btc, and promise to lower further this week.   Withdrawals are successful, thouth take much time for BTC - up to 12 hours.

[mobnepal]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

yesterday they lowered limit to 0.01 btc, and promise to lower further this week.   Withdrawals are successful, thouth take much time for BTC - up to 12 hours.

I think they have increased minimum withdrawal amount because either they have some problem with their mining farm or they are not getting enough new investments to pay to their old investors.

I really doubt on all this cloud mining services, they are working like hype these days. They might be selling more hashpower than they actually own.

[audaciousbeing]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

In addition to what others have said that could have been the reason why the are raising the bar for withdrawals, I also think the increase amount of transaction fees could also be a problem in my own opinion because I wonder how much one will have to pay as withdrawal fees if you are going for the earlier minimum fees.

Generally, I don't believe in cloud mining but Hashflare has been one to have proven to be an exception and I don't think that is enough for them to be labeled as scam. If they want to scam, they would just have shut down operations.

[swogerino]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

In addition to what others have said that could have been the reason why the are raising the bar for withdrawals, I also think the increase amount of transaction fees could also be a problem in my own opinion because I wonder how much one will have to pay as withdrawal fees if you are going for the earlier minimum fees.

Generally, I don't believe in cloud mining but Hashflare has been one to have proven to be an exception and I don't think that is enough for them to be labeled as scam. If they want to scam, they would just have shut down operations.

These kind of websites doesn't turn to scam from one day to another. They prepare very well their exit scam. It is enough for me for them to be labeled as scammers since they changed their mining contract that was lifetime to a year limit. If they have the miners why switching to one year limit ?

[BitHodler]

If they have the miners why switching to one year limit ?

It is done purely to lower the chances for people to earn back their own investment. Even with life time contracts it is nearly impossible to ROI, but now the odds are stacked against you even further with 1 year contracts.

These services know that the majority of the people investing in these schemes will never be able to ROI, which makes it almost a guaranteed profit machine for the people behind these services.

Mining is booming this year, and all the newbies that jump into cloud mining don't know anything about these services other than seeing their ads pop up everywhere ~ genesis mining has probably the best marketing team.

[Zocadas]

We would be lucky, if we would be paid until the shortened end of our lifetime cintracts. So I don't reincest and pay out as soon as minimum withdraw is reached. Every payout could be the last.

[Rahar02]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

yesterday they lowered limit to 0.01 btc, and promise to lower further this week.   Withdrawals are successful, thouth take much time for BTC - up to 12 hours.

I think they have increased minimum withdrawal amount because either they have some problem with their mining farm or they are not getting enough new investments to pay to their old investors.

I really doubt on all this cloud mining services, they are working like hype these days. They might be selling more hashpower than they actually own.

Indeed, cloud mining seems suspicious if they never show their mining farm or some people ever went to there.
In this case, hashflare have decided to call off lifetime contract and it turns into one year contract. And lately, they raised withdraw limit which is ridiculous high. At least if you already got ROI, don't expect for further profits as it seems they have problem to pay everyone.

[Youghoor]

0.10 bitcoins is impossible, i have a friend who was a lot of hashpower in that cloudmining and he never told me that the minimum withdrawal was upto $700 at less.
0.01 is a fair rate if we think about all the mining fees (about $6 - $7 per transaction) and this makes us think that it is fault of bitcoin tx's fees. If all the payments could be done by another altcoin, then it would be better for everybody and i am sure that the minimum withdrawal would be at 0.001, or maybe a little bit more of that.

[ultrloa]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

yesterday they lowered limit to 0.01 btc, and promise to lower further this week.   Withdrawals are successful, thouth take much time for BTC - up to 12 hours.

I think they have increased minimum withdrawal amount because either they have some problem with their mining farm or they are not getting enough new investments to pay to their old investors.

I really doubt on all this cloud mining services, they are working like hype these days. They might be selling more hashpower than they actually own.

Indeed, cloud mining seems suspicious if they never show their mining farm or some people ever went to there.
In this case, hashflare have decided to call off lifetime contract and it turns into one year contract. And lately, they raised withdraw limit which is ridiculous high. At least if you already got ROI, don't expect for further profits as it seems they have problem to pay everyone.

Suspicious for the fact of the continuously rising of the mining difficulty and how could they support there large number of there investors if they will really on there hardwares. So better we shouldn't look for cloudmining as ideal way for investing since we might gonna find ourselves empty if they cannot give us the profits that they promised before and also suddenly turned as scam.

[Potato Chips]

0.10 bitcoins is impossible, i have a friend who was a lot of hashpower in that cloudmining and he never told me that the minimum withdrawal was upto $700 at less.
0.01 is a fair rate if we think about all the mining fees (about $6 - $7 per transaction) and this makes us think that it is fault of bitcoin tx's fees. If all the payments could be done by another altcoin, then it would be better for everybody and i am sure that the minimum withdrawal would be at 0.001, or maybe a little bit more of that.

A huge number of cloud mining users do not own a huge hashpower  As a result it would take longer to actually get your payout for some people but then again it would surely be beneficial for hashflare though  . Anyways, in my opinion the minimum payout fee should be accessible to almost everyone but it shouldn't be dust.

You can actually get your payout on hashflare in altcoins as well as to pay less transaction fee but it depends on the mining algo you get but the thing is altcoins are much more volatile than bitcoin that is why most people wants to get their payouts in btc.
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I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

Cloud minings are always fishy. They did this most probably because they have run out of funds to payout everyone  . I don't know why people are still wasting their time on these even though you can actually get more profit if you just bought bitcoin directly and hold it.

[magneto]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

Never been a good deal to invest in any form of cloud minning.

But the whole hashflare thing is beyond just a simple ripoff or anything like that. Contracts that were previously lifetime now only carried 1 year worth of weight along with them, which violates the most basic law that involves a contract anywhere.

They also seemed to have turned up the min withdrawal to like 0.2 BTC for 3 days before turning it back down to normal. Turning scam? I think it's highly likely that they are.

[Pursuer]

I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..

Anyone using Hashflare? Any thoughts?

yesterday they lowered limit to 0.01 btc, and promise to lower further this week.   Withdrawals are successful, thouth take much time for BTC - up to 12 hours.

I think they have increased minimum withdrawal amount because either they have some problem with their mining farm or they are not getting enough new investments to pay to their old investors.

I really doubt on all this cloud mining services, they are working like hype these days. They might be selling more hashpower than they actually own.

true, they are mostly greedy and get more greedy with each user sign up. they see the demand for their services but see they are not capable of supplying this demand so they end up turning into a Ponzi scheme instead in order to make more profit.
they all go down this road sooner or later. there is no exceptions. which is why all of these cloudmining websites have had an expiration date. those honest ones or maybe scared ones close down properly without scamming anyone like GHASH, but the rest start Ponzi scheme and that is their doom.

[Slow death]

Any thoughts?

" Dear friends! You will have a chance to get any mining contract with a 10% discount. "

https://twitter.com/hashflare/status/923933502382452736

"  We are extending the Halloween promotion until November 10. "

https://twitter.com/hashflare/status/927476659493666816

two days later

" The minimum withdrawal amounts have been changed! "

https://twitter.com/hashflare/status/928254346956963847

seven days later

"  The withdrawals limits have been further reduced! "

https://twitter.com/hashflare/status/930395991492169728

probably they are not having new investors, that means they may be running ponzi scheme

[burky156]

Any thoughts?

" Dear friends! You will have a chance to get any mining contract with a 10% discount. "

https://twitter.com/hashflare/status/923933502382452736

"  We are extending the Halloween promotion until November 10. "

https://twitter.com/hashflare/status/927476659493666816

two days later

" The minimum withdrawal amounts have been changed! "

https://twitter.com/hashflare/status/928254346956963847

seven days later

"  The withdrawals limits have been further reduced! "

https://twitter.com/hashflare/status/930395991492169728

probably they are not having new investors, that means they may be running ponzi scheme

Typical act for the companies which is turning scam.. Anyway i earned more than i invest in 1 year. Hope they won't vanish before i get one more payment..

[Oilacris]

Any thoughts?

" Dear friends! You will have a chance to get any mining contract with a 10% discount. "

https://twitter.com/hashflare/status/923933502382452736

"  We are extending the Halloween promotion until November 10. "

https://twitter.com/hashflare/status/927476659493666816

two days later

" The minimum withdrawal amounts have been changed! "

https://twitter.com/hashflare/status/928254346956963847

seven days later

"  The withdrawals limits have been further reduced! "

https://twitter.com/hashflare/status/930395991492169728

probably they are not having new investors, that means they may be running ponzi scheme

Typical act for the companies which is turning scam.. Anyway i earned more than i invest in 1 year. Hope they won't vanish before i get one more payment..

Good for you that you did able to reach your ROI knowing that hashflare is already putting duration on their new contracts which is only 1 year. Being worried wont really be felt since you do know that you have earned already from the site but from those new investors who did just got it on recent months will really have the risk on not reaching out their roi once hashflare would decide an exit scam.

[ultrloa]

Any thoughts?

" Dear friends! You will have a chance to get any mining contract with a 10% discount. "

https://twitter.com/hashflare/status/923933502382452736

"  We are extending the Halloween promotion until November 10. "

https://twitter.com/hashflare/status/927476659493666816

two days later

" The minimum withdrawal amounts have been changed! "

https://twitter.com/hashflare/status/928254346956963847

seven days later

"  The withdrawals limits have been further reduced! "

https://twitter.com/hashflare/status/930395991492169728

probably they are not having new investors, that means they may be running ponzi scheme

Typical act for the companies which is turning scam.. Anyway i earned more than i invest in 1 year. Hope they won't vanish before i get one more payment..

Good for you that you did able to reach your ROI knowing that hashflare is already putting duration on their new contracts which is only 1 year. Being worried wont really be felt since you do know that you have earned already from the site but from those new investors who did just got it on recent months will really have the risk on not reaching out their roi once hashflare would decide an exit scam.

If this is a sign of their escape then investors should be worried or even try their very best to get back their initial deposit on that site so that they will not be a victim of huge cloudmining site scam that will be happen on future. People should need to be aware that cloudmining sites are totally broke and not a very good choice for a good investment scheme for their sides.

[sydazfar]

Thanks guys, this thread was really helpful. I have to rethink about making an investment into hashflare.io now.

[carlfebz2]

Any thoughts?

" Dear friends! You will have a chance to get any mining contract with a 10% discount. "

https://twitter.com/hashflare/status/923933502382452736

"  We are extending the Halloween promotion until November 10. "

https://twitter.com/hashflare/status/927476659493666816

two days later

" The minimum withdrawal amounts have been changed! "

https://twitter.com/hashflare/status/928254346956963847

seven days later

"  The withdrawals limits have been further reduced! "

https://twitter.com/hashflare/status/930395991492169728

probably they are not having new investors, that means they may be running ponzi scheme

Typical act for the companies which is turning scam.. Anyway i earned more than i invest in 1 year. Hope they won't vanish before i get one more payment..

Good for you that you did able to reach your ROI knowing that hashflare is already putting duration on their new contracts which is only 1 year. Being worried wont really be felt since you do know that you have earned already from the site but from those new investors who did just got it on recent months will really have the risk on not reaching out their roi once hashflare would decide an exit scam.

If this is a sign of their escape then investors should be worried or even try their very best to get back their initial deposit on that site so that they will not be a victim of huge cloudmining site scam that will be happen on future. People should need to be aware that cloudmining sites are totally broke and not a very good choice for a good investment scheme for their sides.

Indeed. Those kind of sudden changes or rules regarding on their minimum payout do signifies shady stuff behind because if hashflare is still profitable they would really still remain on usual ranges.Investors should really pull out funds ASAP because they are already showing off signals that they would really become scam really soon.It might not be now but soon it will become this is why cloud mining isn't really suggested.

[aoihs00]

Im not sure if you guys really trust these cloud miners! I mean you are getting money but come on think of your ROI period and calculate your contract terms, they never fit in and you will never reach to that point. Im happy to know if someone has already reached the ROI point because I have never seen anyone speaking about that. You just get what you spent over their website and nothing else.


Also note that hash flare have limited one year SHA 256 contracts which means you will never catch up the ROI  in such short time. Im happy to discuss with anyone who got actual ROI plus profits on top of it. :-)