Hashflare mining is not giving payouts anymore?

[evergreendog]

Hashflare was a scam from the start, any profit goes towards "maintence fees" which is just going straight into their pockets. It's similar to donating to a charity but the majority of the funds go to administrative costs.

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[Scarlett07]

but now I see still not generating any results for days. According to their rules contracts should be ended an balances should be paid.

I made a post right now asking myself why they stopped posting on twitter and now I understand the reason, these guys are having serious financial problems and probably will close their cloud mining, I say that because they have been doing a lot of promotions in the last months and increased the minimum value of withdrawals. it seemed that they were doing this to have new investors and at the same time prevented investors from being able to withdraw their money. doing this they wanted to accumulate enough balance to be able to make payments for a while, but the decline of the bitcoin price came to destroy his plans. This is my theory, I have no evidence.

sad to see that a legit company (and I still believe the were before the crash) turns into a scam because obviously they start to run out of money :-(

is very sad

They've posted a big article earlier today answering all questions. Basically they are saying that they have been operating on the same conditions without any changes to the contracts. But with the current BTC price and difficulty, mining still remains unprofitable. So cryptocurrency continues to be mined but in the conditions of mining unprofitability.

[ioang]

but now I see still not generating any results for days. According to their rules contracts should be ended an balances should be paid.

I made a post right now asking myself why they stopped posting on twitter and now I understand the reason, these guys are having serious financial problems and probably will close their cloud mining, I say that because they have been doing a lot of promotions in the last months and increased the minimum value of withdrawals. it seemed that they were doing this to have new investors and at the same time prevented investors from being able to withdraw their money. doing this they wanted to accumulate enough balance to be able to make payments for a while, but the decline of the bitcoin price came to destroy his plans. This is my theory, I have no evidence.

sad to see that a legit company (and I still believe the were before the crash) turns into a scam because obviously they start to run out of money :-(

is very sad

They've posted a big article earlier today answering all questions. Basically they are saying that they have been operating on the same conditions without any changes to the contracts. But with the current BTC price and difficulty, mining still remains unprofitable. So cryptocurrency continues to be mined but in the conditions of mining unprofitability.

Oh, thx for sharing this info, just checked their medium. Why always when you read reasonable arguments, so many of your initial worries go away They also told about withdrawals, at the moment the queue for second level verification is measured in tens of thousands...it explains why not everyone received a refund yet. Anyway, cloud mining isn't profitable now so no point to think about new investments. Just hope everyone can get a refund and wait for better market conditions to mine more...or forget and choose another source of income, not so risky and nervous one

[Abbie Hoffman]

but now I see still not generating any results for days. According to their rules contracts should be ended an balances should be paid.

I made a post right now asking myself why they stopped posting on twitter and now I understand the reason, these guys are having serious financial problems and probably will close their cloud mining, I say that because they have been doing a lot of promotions in the last months and increased the minimum value of withdrawals. it seemed that they were doing this to have new investors and at the same time prevented investors from being able to withdraw their money. doing this they wanted to accumulate enough balance to be able to make payments for a while, but the decline of the bitcoin price came to destroy his plans. This is my theory, I have no evidence.

sad to see that a legit company (and I still believe the were before the crash) turns into a scam because obviously they start to run out of money :-(

is very sad

They've posted a big article earlier today answering all questions. Basically they are saying that they have been operating on the same conditions without any changes to the contracts. But with the current BTC price and difficulty, mining still remains unprofitable. So cryptocurrency continues to be mined but in the conditions of mining unprofitability.

I think no one cares already, people mostly want to receive their refunds and forget about them. Cloud mining turned out to be pain in the ass. Hashflare, genesis, all of them. That's good though that they've showed up saying sth, hope we have a real chance to get our money. 

[pinoyden]

this is what im talking about . all cloud mining are really a scam and not to be trusted even if they are old enough or had been running for a long time . theres still a high chance that they could turn unto a scam because cloud mining is a shady business and it is a kind of pyramid scheme/hyip/ponzi , etc whatever you name it .

suggest to all , better you can just foccus on a real mining so that youll know that you are safe  or you can just buy a coin and start investing or trading because that is more better than mining .

[BitHodler]

suggest to all , better you can just foccus on a real mining so that youll know that you are safe  or you can just buy a coin and start investing or trading because that is more better than mining .

Investing directly in crypto has always been the best yielding option, by far. I no longer recommend people even to buy actual mining equipment because it's a waste of time and your hardware will become near worthless at some point.

The increasing difficulty is near impossible to combat unless you keep adding equipment to your mining operation and hope to bank on a pump to sell the coins you've been accumulating for a longer period of time.

People just need to let go of their passive income through mining fantasy. It's a damn hoax.

[bitcoinveda]

suggest to all , better you can just foccus on a real mining so that youll know that you are safe  or you can just buy a coin and start investing or trading because that is more better than mining .

Investing directly in crypto has always been the best yielding option, by far. I no longer recommend people even to buy actual mining equipment because it's a waste of time and your hardware will become near worthless at some point.

The increasing difficulty is near impossible to combat unless you keep adding equipment to your mining operation and hope to bank on a pump to sell the coins you've been accumulating for a longer period of time.

People just need to let go of their passive income through mining fantasy. It's a damn hoax.

I agree, cloud mining is no longer the option.

Many people are fed up with this cloud mining websites and at one stage they are closing without paying to investors. Actually, they don't have any mining farms, they collect money and share to the investors as long as an investment is coming.

[quality.crypto]

Hashflare is a scam site don't invest in there, in 2016 I invested about 0.8 btc (in April) and in August I was unable to access with the reason that the account was unknown, I lost 0.75 btc and until now I cannot access.

That's why many experienced people suggesting not to invest in cloud mining websites, where we cannot able to make on the investment we made. So always try to check before investing in cloud mining but from my experience, most of the cloud mining websites are scamming the investors.

[Cashi]

suggest to all , better you can just foccus on a real mining so that youll know that you are safe  or you can just buy a coin and start investing or trading because that is more better than mining .

Investing directly in crypto has always been the best yielding option, by far. I no longer recommend people even to buy actual mining equipment because it's a waste of time and your hardware will become near worthless at some point.

The increasing difficulty is near impossible to combat unless you keep adding equipment to your mining operation and hope to bank on a pump to sell the coins you've been accumulating for a longer period of time.

People just need to let go of their passive income through mining fantasy. It's a damn hoax.

I agree, cloud mining is no longer the option.

Many people are fed up with this cloud mining websites and at one stage they are closing without paying to investors. Actually, they don't have any mining farms, they collect money and share to the investors as long as an investment is coming.

I couldn't have said it better, this is also my point of view. The Hashflares and ROI promising cloudmining scams have damaged crypto in a bad way. But I also think mining is Bitcoins root and if you do it right and trust a knwoledged team you can make this happen. More accidentally I came about Scavo.Farm, a project from Argentina which offers you a share of their operations. So, this is no cloudmining, it's a sharing company, they have to be profitable to get their own profits, which is a must-have to be successful and not a contract mining scam like Hashflare, finishing this after one year or being intransparent in matter of costs.
I had a look to their website and it's very transparent, the team is fully public and their LinkedIn profiles visible. I will give this a try to be a better investment compared to all the cloudmining scams. 

[Scarlett07]

That's sad anyway cause back in the day cloud mining was profitable, but easy money has a tendency to vanish.

[akramali]

Ideally cloud mining services should be regulated or controlled somehow. I mean we really don't know how much truth they give us. But at the same time it's only our choice to believe them, invest and take risks in order to gain more.

[impresionesmline]

BTCjam was also a SCAM, then BTC-e and CEX.io also destroyed the mining contracts that it had with its users and now also Hashflare, is there any way we could protect us of being scammed, is there any law that could help us ?

[doolittle]

That sounds like cheating. You are trying to cheat and refer to the fact that bitcoin has fallen in price. That's not true. They just do not produce. I am inclined to think that Hashflare is Scam.

[Abbie Hoffman]

Ideally cloud mining services should be regulated or controlled somehow. I mean we really don't know how much truth they give us. But at the same time it's only our choice to believe them, invest and take risks in order to gain more.

yeah, we took these risks ourselves(

[Haven7]

Ideally cloud mining services should be regulated or controlled somehow. I mean we really don't know how much truth they give us. But at the same time it's only our choice to believe them, invest and take risks in order to gain more.

yeah, we took these risks ourselves(

That's true, but it's just another bearish wave, temporary difficulties anyway. When btc goes up enough, contracts will be profitable again. I firmly believe it's not the end.

[etherbert]

I'm not sure as hashflare still resumed all kind of operations, but since mining is not profitable it has no point and about paybacks. Well, now that's a forever process, cos' the amount of people trying to get it is a colossal

[HashFlare]

Hello, everyone!

In case you have any questions that you would like to ask about the service, then, please join the discussion in the following topic: https://bitcointalk.org/index.php?topic=5032656.0

I will be there to answer any relevant general questions that you might still have.

[Maricel2017]

There are many feedback by the pioneer members who are more knowledge in crypto world that we need to avoid cloud mining because most of them has no real mining site to support their investors. About hadflare it was good that there still support that collecting some concern about their company and ready to answer. And to all investors again be careful you need to know what is the history of cloud mining.

[Slow death]

Hello, everyone!

In case you have any questions that you would like to ask about the service, then, please join the discussion in the following topic: https://bitcointalk.org/index.php?topic=5032656.0

I will be there to answer any relevant general questions that you might still have.

with  this: " This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. "

why did you do that? Do you want to delete comments from people who were different from your position?

About hadflare it was good that there still support that collecting some concern about their company and ready to answer.

yes they are very ready to respond, see this:

Hello Hashflare Team,


When mining will become profitable again? What is the value that Bitcoin needs to reach in order to resume the mining process ?

Hi!

BTC would have to be over $9200 with the current mining difficulty in order for payouts to become greater than the maintenance fee.

think, when will we see more than $9200? nobody knows and this can take months or years.

[BitHodler]

BTC would have to be over $9200 with the current mining difficulty in order for payouts to become greater than the maintenance fee.

think, when will we see more than $9200? nobody knows and this can take months or years.

If that isn't a clear sign that people should stay away from that site, then I don't know what is. HashFlare just admitted that the price needs to increase with 50% just to start earning again.

And even in that case, what people will be earning it is likely just a couple of Satoshi's, which is an utter waste of time. Can you imagine how long people have to wait till they reach the minimum withdrawal amount?

You know the sad part? The people joining from platforms such as YouTube won't get to read this. The only thing these people know is that cloud mining is profitable due to all the paid shills there.