Hashflare

still seems to be doing ok

is the withdrawal fee still 0.05BTC ?

i thought i saw 0.0007 somewhere as well...
 
makes much more sense , when i signed up, i had thought that the withdrawal fee was 0.005BTC...
 
bar1 said:
i have been on the site for exactly 2 weeks now....all good.
i am mining at 3 /TH and my balance is: 0.00474052 not bad for 2 weeks....they seemed to be legit although i still didn't try to
cash out.

please consider using my referral if you are going to sign up!
https://hashflare.io/r/EE3FB533
Click to expand...

10% discount till the 18th with code:
HF18SVALDAY

they also decrease the Scrypt contract price by over 40%.

Edit:
i dont think Scypt mining though hashflare is worth it.....
 
Last edited:
bar1 said:
10% discount till the 18th with code:
HF18SVALDAY

they also decrease the Scrypt contract price by over 40%.

Edit:
i dont think Scypt mining though hashflare is worth it.....
Click to expand...

My quick & dirty calc was around $9.70 a day for $2100 spend (after fee). I expect LTC to get stronger this year too.
 
Eh... deja vu with the Nicehash incident last year.... unable to log into Hashflare today. Support says they are aware of an issue and are looking into it :/
 
is it the end of hashflare?
wanted to check how my hashflare is going and i got this:

Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible.
 
bar1 said:
is it the end of hashflare?
wanted to check how my hashflare is going and i got this:

Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible.
Click to expand...

It's been there for some weeks now. If the BTC price goes back up it may change things but time is running out on the contracts to make money. I've written my small HF investment off.
 
bar1 said:
is it the end of hashflare?
wanted to check how my hashflare is going and i got this:

Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible.
Click to expand...

As per the contract, if the maintenance fees exceeds the payout for a period of 21 consecutive days, the contract will automatically terminate.

I've tried to get answers out of them on twitter to no avail. One thing I have a gripe with is that the gpu contracts don't have any maintenance fees but one would think that they also draw power unless they've received some amazing tech from an out of world visitor leading me to believe that scrypt and sha contracts are subsidizing these accounts.

I've done the same at Jet and written off my contract already. Right now all I'm concerned with is them lowering the min withdrawal so I can get my balance out.
 
The difficulty keeps going up, and that is why almost all cloud mining is not worth it. You generally earn less bitcoin than you put in, or if you paid with fiat, you end up with less bitcoin than you could have had if you had just used your capital to buy bitcoin.
 
R40000 in, and sad to say that I have no choice but to write it off.

My Genesis is still paying though, even if it's not much. I'm done with cloud mining.
 
pyrokinetix said:
R40000 in, and sad to say that I have no choice but to write it off.

My Genesis is still paying though, even if it's not much. I'm done with cloud mining.
Click to expand...

Ouch! Sorry to hear that.
At least Genesis had 2/3 years on the contract... still...
 
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