Bitcoin Forum
September 23, 2018, 05:52:14 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why Won't Hashflare Publicly Explain Withdrawals?  (Read 35 times)
Kruddler
Jr. Member
*
Offline Offline

Activity: 42
Merit: 8


View Profile
March 20, 2018, 10:58:02 PM
 #1

This is a specific question. It's not a question of whether HashFlare is a scam. It is not a question of the general profitability of cloud mining. It is not a question about other cloud mining sites.

Facts:

This is what I received from HashFlare on the topic:

Me
Quote
Why doesn't the hashflare website clearly explain how people can get their money back if they never reach 0.05?

HashFlare Support (Via Email)
Quote
Currently, we are looking for a solution for those, whose total balance is smaller than the minimum withdrawal at the end of their contracts. At the moment, users are able to request a withdrawal in the case their balance is lower than the minimum withdrawal amount by the time their contracts have expired.

According to dozens of Reddit users, this is the same response that Hashflare issues again, and again while they never explain why this is not made clear on their website. They will not make clear the mechanism available for getting your money back at the end of the contract.

Question:
Why does HashFlare not explain publicly what happens at the end of the contract when their is a leftover balance in the account?

Note: please refrain from complaining about HashFlare or cloud mining in general. There is only one question in this post. The only purpose of this thread is to make an attempt at answering that question.
1537681934
Hero Member
*
Offline Offline

Posts: 1537681934

View Profile Personal Message (Offline)

Ignore
1537681934
Reply with quote  #2

1537681934
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537681934
Hero Member
*
Offline Offline

Posts: 1537681934

View Profile Personal Message (Offline)

Ignore
1537681934
Reply with quote  #2

1537681934
Report to moderator
timerland
Hero Member
*****
Offline Offline

Activity: 896
Merit: 536


View Profile
March 21, 2018, 01:36:00 AM
 #2

I have no idea, and it makes no sense at all for them to not publicly announce the fact that people can actually withdraw their money when their contract expires. It may be because of them trying to get people to buy bigger contracts to begin with or encourage people to reinvest or not withdraw the funds they have in their account when a contract ends, due to the belief of the minimum withdrawal being at 0.05 BTC without any room for negotiation.

Judging by their response they are trying to make something work, perhaps automating the system of withdrawal in case the balance one has is less than the minimum withdrawal by the time their contract ends. Perhaps that's why they haven't announced anything to the public yet.

It's really up to speculation until they themselves come out and clarify why this is the case.

Kruddler
Jr. Member
*
Offline Offline

Activity: 42
Merit: 8


View Profile
March 21, 2018, 05:35:27 AM
 #3

It may well be a ploy to get people to go hard or go home.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!