Hashflare Reviews 283

They used to pay me out and recently (a few weeks ago) they stopped paying ALL Sha256 & Scrypt payments since they claim it's more than 14% difficult to mine and the price dropped. So they are still mining under our investment contract yet giving us nothing in return. They stated if it goes 21 days in a row without profitable mining they cancel the contract. I've asked them if they reimburse for all the days left in the contract from original investment if they cancel the contract and waiting to hear back. This was a big waste. I thought I'd get even 10-20% more after a year but I'm losing way more. (and yes, this calculates market cap and bitcoin price dropping). I used to suggest them now I don't. I don't suggest any mining company any more. Just ICO's and trading. Other than that, stay away from anybody asking for money from you.

Even one star is too much for them as today on june 11TH they stoped paying at all, as they official announced on there website and telegramchannel.
They blame the drop of bitcoinprice, and last difficulty increasmen and blah blah blah.
In the meantime gennesis mining has paid me ........................

Just thought I would evaluate Hashflare.io with 1.2 THs SHA256 and this is what it works out to:

Per day:
Revenue - 0.00006148 BTC - 0.47 USD
Profit after fees - 0.00000692 BTC - 0.053 USD
So basically it cost me over $100 only to get back $19.35 in a year. That's over an 80 PERCENT LOSS
If that is not outright theft I don't know what is.

So I left a bad review on their haslflare webpage and the banned me from accessing hash-flare. Not sure what the state of mining is but essentially I have wasted 200 dollars. Don't make my mistake. This company charges mining fees as much 70 to 90% of what you mine. I calculated it to be about 70% when I first started but now its way up there. They essentially have created a way for you to pay for their mining servers. They take your cash and then rake you over the coals with maint mining fees.

They take what you are trying to make - BTC
They dont let you pay maintenance fees with fiat currency
It is only business for them
Do not make the same mistake as all of us who already did

High fees and too high minimun to withdraw. Search another mining Company to invest.

No difference with ponzi scheme in terms to its handling of clients money

It is SCAM!!!

I invested ~$15k beginning of this year and worked nicely for 2 months with healthy profits . As soon as I started withdrawing my payouts, the revenue reduced more than %70. Surprise, Surprise!!! If it continues like this, I will be making a loss more than %30 at the end of the contract. Beware and DO NOT invest your money in this company. It is a SCAM!!!

The worst company that I have ever dealt with. I am aware that BTC is not doing that well but Goddamn.....72% maintenance, that is fraud.....how are their expenses worth over 70% of my investment. I hope people sue the hell out of you. If anyone wants to get that going then let me know I will sign up for sure.....so basically FU hashflare and thanks for wasting $1600 of my money!!!!

It's a scam. I invested 10grand and it was supper profitable for a month or two, but now it's saying I'm breaking even and that doesn't include the everyday 20$ fee. They would adjust the fee if they cared.

I invested some bitcoin into hashflare a while ago and there always seems to be a problem. I have had several issues with them which I will list below. I told them that their page was unsecured a while ago as google was telling me this and they insisted it was fine and that google chrome was in error so I replied stating that I had tried using other browsers and that even if it was the case chrome is the most popular browser. She said the developers couldn't do anything about it. So being a developer myself I looked into the issue and found that they weren't getting their fonts from the secure side of their site so I told them this and after about a week it was fixed. They were very rude to me during this correspondence. The minimum amount of bitcoin you have to have to withdraw at this moment in time is 0.05002808 BTC which as of now is $477.24 which it was not when I invested. I emailed them about this and they said that if an account closes they are willing to pay the balance but otherwise the minimum withdrawal amount stands they also said they were working to lower the minimum fee. When I purchased the mining capacity it cost me $61.20 and for that I got 0.51 TH/s despite the difficulty going up to buy that now would cost $91.80 I don't know what they have done but the value for money is stupidly low now and not worth investing. Every day that I have logged on to their site I have found a message at the top stating some restriction or other on payments to their users. I put in a small amount because it seemed like the company was fairly dodgy but now I want nothing to do with them and I can't wait for my contract to end so I can.

Pros:
1. It offers a reasonable return on your fiat investment;
2. It has been in the market for a few years.
Cons:
1. Your fiat investment goes into the crypto sector, which is unregulated.
2. Hashlare has been in the market for a few years but this does not mean that it can't dissappear at any moment.
3. Your investment is in an unregulated sector managed by an unregulated company with the tendency of changing rules as it feels fit.
4. Constant lowering of returns in crypto denomination and at the same time putting up the withdrawal barrier means that you can easily - as many people did - find yourself in a situation when you can see your earnings but you can't have them.
5. You will earn much more by investing in crypto directly and simply holding with regular profit taking. If crypto prices collapse, you will still have your holding hoping that at some point it will recover. If crypto prices collapse when you are invested in Hashflare, they will most likely just close down the shop citing market conditions and there will be nothing for you to do about it.

I went through positive reviews of Hashflare on this site and they are all from people who are earning on referrals. If there is a referral link at the end of a review offering you a discount, do have in mind that: 1. You can't trust that review, as it is clearly designed to lure you into buying through that referral link; 2. Offered discount is meaningless and just looks attractive but will be eaten up by changing rules over time.

My verdict: do not waste your funds on Hashflare. If you decided to invest in crypto, do your own research and invest directly into a selection of cryptocurrencies. Take profits on a regular basis - rebalance your portfolio. Good luck!

Total Wastage of money ,I spent around 220 usd and the return is like 0.027 btc in a year which is of no use as i cant withdraw them as per their new policies i need a balance of minimum 0.05 btc to withdraw. So I need to spend 220 usd again and after another year balance will be like 0.054 btc which is like total wastage of money . As on investment of 440 usd i will earn like 600 usd after 2 years and which is not even guaranteed.

Fake policy , and total waste of time and money.

I lost my investment on this scam site , their payout every day lower and lower until can't reach your investment amount . I don't want to other ppl cheat by them , they have set minimal withdraw to 0.05 which is very diffcult to reach if you not buy 100 THS above . Please be careful everyone

I purchased 50 T/hash of mining power at a cost of $11,000 in December. Initially, i was supposed to end up with 2.2 BTC after the 12 month period. 2 months later, i'm not only projecting to make 1.48 BTC. Every day my payout has gotten smaller and smaller. I understand that mining difficulties change, but this is highway robbery. On top of that, they end up taking about 40% (0.00177975 BTC to be exact) after you factor in their "maintenance fee" and then there's some other nonsense commision when you withdraw. You best bet is to either mine or do a few good trades.

I have used HF for about 2 months and i can say it's no longer profitable. I have purchased a few miners and started mining myself - a much better option if you have the funds to buy good miners .

Hashflare is a BIG BIG SCAM!!!!!!!
It is NOT PROFITABLE!!!!!
YOU NEVER GET YOUR INVESTMENT BACK!!!!!!
I HAVE REINVESTED MY EARNED MONEY BECAUSE OF THEY LIMITED THE WITHDRAWAL. NOW I HAVE LESS EARNINGS AND NEVER GET THE MINIMUM AMOUNT TO WITHDRAW. THEY STOLEN MY MONEY!!!!! These scammers should go to jail.

Horrible experience. HF still holding on to my money after I tried purchasing a mining package. €480, 5 emails, 2 support calls and over 2 weeks later they finally responded and told me they can't match my SEPA payment which I paid in the bank with all details provided and to claim back through bank. In my option Scammers. If you can't honour mining contracts don't take peoples money.

Still not possible payouts for less than 0.05 BTC.
And contracts are just for 1 year. All who says that this company is legit, they just wana u to bacame their referal.

I am using Hashflare since December 2017. At the beginning everything was going well. Then I have started to face some problems.
1. They have increased each day the maintenance fee. It was 13.52% then it has reached up to 25.8% which is too high.
2. Each time I have changes to get better hash rate efficiency, I have end up with lower Hach Rate %. Which is not understandable. I have analysied each pool performance to get better rate but it allways end up with worse.
3. I have made wire transfer at January 2nd. 2018. After waiting long time to get additional Hashrate, I did not get anything. I have written several e mails to get fixed the problem. Until today it is not solved. The wire transfer has been done. I did not get any hashrate and no money pay bach as well. And the worse thing I did not get any clear explanation what is going on too.
So, there are what I have faced with with Hashflare.
Under this experience, I would recomend to be far away from this mining facility.