Hashflare Reviews 283

was advertising openended btc contracts knowing they were going to cut the contract to one year and rate hike.

They advertised a "lifetime" contract only to change it to a one year contract within hours of contract execution.

Trustworthy cloud mining. Consistent payout.
Join with link and get discount on new purchase.
https:// hashflare.io /r/ 8802FA72

**Update 11-Sept**

OK, so now I've had a month to see how Hashflare actually works and I've downgraded from 4* to 1*

Why?
So first off is simply performance. If you compare the output of Genesis to Hashflare, Genesis provides about 80% of expected output if you were mining based on pure hash. That's not brilliant, but does provide the prospect for profit over c300 days (given a price >$3,500 and standard difficulty increases). Hashflare however, even with it's transparent pricing can be expected to product profit after about 700 days! That's incredibly poor, and presumably the non profit clause will kick in long before that.

Second and far more important and the reason to sniff a true Ponzi...
Pre Sept-2017 anyone signing up usually signed up for a lifetime BTC contract (until no longer profitable so not really lifetime) or a 2 yr ETH contract. My experiences are ETH contracts are simply not profitable, but put that aside, in last August Hashflare sent out a game changing notice with no warning:

"All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018."

I suspect this is not at all legal in the EU but having tested the market with a USD 35 contract I don't particularly care, but anyone else I would imagine should be reporting this company to trading standards quick sharpish.

Clearly YOU CANNOT TRUST HASHFLARE. YOU HAVE BEEN WARNED!!

Code for 10% Discount: B5A7C363

1) Hashflare is a genuine site with genuine mining so rest easy on that front
2) Be realistic. Mining crypto currencies is not going to make you rich. What will make you money is the value of the crypto going up, regardless of how you obtain it (simply buying is vs mining it)
3) Both options require significant outlay to make any real money (the days of 8000% returns pa on Bitcoin or ETH are gone)
4) Hashflare will sell you a "lifetime contract" which means they will mine BTC for you for as long as your contract is profitable
5) Hashflare will charge you a daily fee for the cost of electricity consumed to mine

The last two points are misunderstood by some. Think about it.
How else could you stand any chance of mining BTC yourself?
A) Buying a dedicated ANT S9 for $2k, setting it up in your spare room or cellar if you're luck enough to own one, and have it running (loudly) 24/7,

And here's the key, from my experiences if you did that you would generate little more for your money than cloud mining with Hashflare.

So honestly, accept this will not make you rich, but if you want to have a dabble, Hashflare is based on my experiences both reputable and profitable

(Breakeven in 9-12 months dependent on price)

Hashflare is a unique site from A-Z
Every question comes in an investor mind has been answered by FAQ page
Do the math and you will know how much you gonna make , do not expect to get fast ROI in lifetime contracts .

"Hashflare" charges higher Maintenance fees than it's Rivals and thats to keep the mining going smooth in the future and the profit stays higher than the fees .At the same time it has a lower pricing . Profit is "around" 60% for Hashflare and the rest is yours.

The revenue forecast does not take in to account that more than 50% (something like 62%) of your earnings go toward their electricity fee's for using their hardware. You are not made aware of this without reading through their help files, they also don't offer refunds and their customer service only responde with half answers which makes me question if they speak english at-all or just play stupid. Don't use their service unless you are willing to make $0.90/day with a $350 purchase and no guarentee you'll ever get a ROI.