HashFlare Contracts

[Flexibit]

Well!!! I guess this is the start of the end for HF now with this announcement coming today...

HF = Slow Death for investors...

I laugh when I saw this notice on my hashflare account like WTF after they increased the minimum withdrawal amount and now its like this? They dont like people to withdraw their money from their pockets

[Litecoindigger]

Unfortunately Rahar02 it would seem that many open current contracts will in fact cease and be terminated in 11 days for some as Bitcoin continues to totally DUMP...

Whoever thinks it will re-cover to the December 2017 all time high is totally kidding themselves...

Crypto & Cloud Mining is a complete dud...even ALTCOINS have taken a massive dive of nearly 50% from when they were purchased. It would seem the best thing to do is recover whatever dividends that you can and run for the hills.

You would be better of having a share portfolio than investing in crypto that seems to be going very fast south.

I for one will now have to wait for HF to terminate my contract and not receive one single thing back....

BTC

Very unfortunate my dude. Just make this a lesson for you. If you want to profit from mining, then do the mining yourself with your own hardware (after doing extensive research of course). You could barely make money with cloud mining; you're probably lucky if you end up breaking even.

Hopefully you didn't invest a lot of money in it.

Actually this is only true if you live in 3rd world countries with energy costs of 0,08$ or less. The big mining companies are very profitable and established in a low cost sector of the world. The big scale is another factor they can do mining in a very profitable way. The days are up mining was profitable at yourself with your own hardware. The current business is made with big, centralized mining farms and everyone mining at his own will make losses when it comes to day of reckoning.
The second salesman of mining hardware are aware of this and try to cheat customer telling tales. The future are big mining farms and if you hold a share you can gain profits. But profitable mining at home is an ancient fact.

[Fatunad]

Well!!! I guess this is the start of the end for HF now with this announcement coming today...

HF = Slow Death for investors...

I laugh when I saw this notice on my hashflare account like WTF after they increased the minimum withdrawal amount and now its like this? They dont like people to withdraw their money from their pockets

You will just scratch your head in no time on seeing a new reason for this mining company among into its investors and its clearly obvious that they dont like for people to withdraw funds.

Unfortunately Rahar02 it would seem that many open current contracts will in fact cease and be terminated in 11 days for some as Bitcoin continues to totally DUMP...

Whoever thinks it will re-cover to the December 2017 all time high is totally kidding themselves...

Crypto & Cloud Mining is a complete dud...even ALTCOINS have taken a massive dive of nearly 50% from when they were purchased. It would seem the best thing to do is recover whatever dividends that you can and run for the hills.

You would be better of having a share portfolio than investing in crypto that seems to be going very fast south.

I for one will now have to wait for HF to terminate my contract and not receive one single thing back....

BTC

Very unfortunate my dude. Just make this a lesson for you. If you want to profit from mining, then do the mining yourself with your own hardware (after doing extensive research of course). You could barely make money with cloud mining; you're probably lucky if you end up breaking even.

Hopefully you didn't invest a lot of money in it.

Actually this is only true if you live in 3rd world countries with energy costs of 0,08$ or less. The big mining companies are very profitable and established in a low cost sector of the world. The big scale is another factor they can do mining in a very profitable way. The days are up mining was profitable at yourself with your own hardware. The current business is made with big, centralized mining farms and everyone mining at his own will make losses when it comes to day of reckoning.
The second salesman of mining hardware are aware of this and try to cheat customer telling tales. The future are big mining farms and if you hold a share you can gain profits. But profitable mining at home is an ancient fact.

Not always the situation because not all people do live on 3rd world do have the capability on buying expensive miners to do their own physical mining. No doubt the resource of electricity supply is cheap but also for those people who do live there thats why some business would migrate into these places because they do see the advantage.

[magneto]

Even if they allow you to add any more hash power to your contract in order to keep your contract for a little longer, why would you do it? I mean, your old contract isn't all of a sudden going to become profitable or anything like that. They'll still provide you zero profit and probably terminate sooner or later, while you've landed yourself another contract that you're stuck with for ages.

No, you'll not get any money back. This is how their business works. They market their lifetime contracts as something profitable, while in reality, they're neither lifetime nor profitable.

Unfortunately, your contract will be terminated. That's the sad part as well. Not just hashflare that does this, but they've just been notoriously unprofitable recently. Once you put in money, you don't even know if they're mining or not. I would avoid cloud mining altogether in the future if I were you.

[Marg56]

We must create a petition in change.org

- After 21 consecutive days many users have stopped making profits from their "cloud mining" - hashflare mining contracts, therefore, hashflare has no positive solution for the investors. Apparently the only beneficiary is the company

- hash flare does not reduce or stop the collection of the maintenance fee. for sha251 contracts

- The min Withdraw is very hight... in this point All this indicates to us that there is a high possibility that hashflare is a pyramid scheme. and in these moments is going through a difficult situation where many investors stopped investing in the company.

- hashflare wants to deactivate contracts.. so investors are the losers, hashflare does not want to seder or lose. the only losers are the users

[1Referee]

We must create a petition in change.org

- After 21 consecutive days many users have stopped making profits from their "cloud mining" - hashflare mining contracts, therefore, hashflare has no positive solution for the investors. Apparently the only beneficiary is the company

- hash flare does not reduce or stop the collection of the maintenance fee. for sha251 contracts

- The min Withdraw is very hight... in this point All this indicates to us that there is a high possibility that hashflare is a pyramid scheme. and in these moments is going through a difficult situation where many investors stopped investing in the company.

- hashflare wants to deactivate contracts.. so investors are the losers, hashflare does not want to seder or lose. the only losers are the users

You guys don't need to create petitions, but just stop investing in this rubbish.

Everyone with common sense and a tiny bit of understanding could figure out before investing in these contracts, that all points you listed are guaranteed outcomes.

The main business model of cloud mining services is that the majority of the people investing in them lose, which is a guaranteed outcome as well. If you don't lose naturally, they will make you lose. Only a small number of people manage to actually ROI, and then still it's not because cloud mining is profitable, but because of the fact that they allowed you to make profit. Accept that there is no way to beat the house.

[timerland]

Will HF return anything to me or will I have forfeited my $$$ under their T&C's...

No. If your contract is terminated then pretty much you've got nothing to do with them, and if you do have a long period of zero or negative profits, your contract will get terminated automatically. Genesis Mining does the same.

It's not just that people's contracts are getting terminated, though. The minimum withdrawal is so high, and certain wallets are even in maintenance meaning that people left with a balance after their contract becomes unprofitable can't even withdraw what they have.

Again, we've said this plenty of times since Hashflare lowered all life-time contracts to 1 year deals without any input from users. Hashflare is shady and unprofitable at best. And unfortunately, there seems to be a ton of victims right now.


BTW, a change.org petition does absolutely nothing if people don't realize that cloud mining sites aren't some sort of guaranteed passive income source.

[Slow death]

Well!!! I guess this is the start of the end for HF now with this announcement coming today...

HF = Slow Death for investors...

I laugh when I saw this notice on my hashflare account like WTF after they increased the minimum withdrawal amount and now its like this? They dont like people to withdraw their money from their pockets

Well, now they've brought another bomb:

Starting from 19.07.18, all HashFlare users must undergo the process of identity verification

source: https://twitter.com/hashflare/status/1019945860313083904

with this we can say that they are doing everything to not pay their customers

[Mahanton]

Well!!! I guess this is the start of the end for HF now with this announcement coming today...

HF = Slow Death for investors...

I laugh when I saw this notice on my hashflare account like WTF after they increased the minimum withdrawal amount and now its like this? They dont like people to withdraw their money from their pockets

Well, now they've brought another bomb:

Starting from 19.07.18, all HashFlare users must undergo the process of identity verification

source: https://twitter.com/hashflare/status/1019945860313083904

with this we can say that they are doing everything to not pay their customers

Dang! They do already have KYC requirements now and the situation got more worse because as an investor you would need up to comply those things and ive been wondering why such thing is need for to invest with cloud mining sites?
If you don't like the hassle just like this one then its much better not to opt-in yourself on investing to these cloud mining sites which will definitely give you out headaches.

[Slow death]

Well!!! I guess this is the start of the end for HF now with this announcement coming today...

HF = Slow Death for investors...

I laugh when I saw this notice on my hashflare account like WTF after they increased the minimum withdrawal amount and now its like this? They dont like people to withdraw their money from their pockets

Well, now they've brought another bomb:

Starting from 19.07.18, all HashFlare users must undergo the process of identity verification

source: https://twitter.com/hashflare/status/1019945860313083904

with this we can say that they are doing everything to not pay their customers

Dang! They do already have KYC requirements now and the situation got more worse because as an investor you would need up to comply those things and ive been wondering why such thing is need for to invest with cloud mining sites?
If you don't like the hassle just like this one then its much better not to opt-in yourself on investing to these cloud mining sites which will definitely give you out headaches.

My theory is that hashflare is probably not willing to pay its customers, they know that many people will not make KYC and many people will not pass in KYC, so this is a play for them not to make payments, I knew they did not make payments in the day of today and knowing that the minimum withdrawal value is very high, they are managing to deplete people psychologically. This will be a great classic scam, I hope people report to the police and hire lawyers to file a lawsuit against Hashflare.io