Hashflare 87 days ROI! Profitable as of this date.

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Hashflare 87 days ROI! Profitable as of this date.

Sid

Got 70TH with the link. Will update this once ROI is met. cheers

soc

Thanks @CliffonCrypto - I bought a few TH/s to start (using your link ofcourse). I'm spread all over the place and time to consolidate. Will see how it tracks, and setup a re-invest strategy.

hish

Thanks @CliffonCrypto info, bought some hash through link. Will track progress and reinvest.

CobraCrypto

Thanks Cliff. Bought some hash using your link.

Skuzz

Hi Guys.. Been on hashflare for about 1 month now. doing well with SHA256 and ETH..

CliffonCrypto

Skuzz I added your referral into your bio.

Burrben

They suspended withdrawls today blaming the BTC blockchain. Cliff, what do you make of this? It feels a bit like a Ponzi scheme.

CliffonCrypto

Burrben Ya i got that email. I hope there reason are valid. But i guess its the risk we take. All these cloud mining programs have come with there issues. Genesis is another one. But its always being profitable for me ( BTC contracts )

Do i think they a Ponzi? not really. Could they be a bunch of scammers ? maybe!

Hash i personally felt had a good business model becasue of the 1 year contracts. Means it can sustain it-self if managed correctly. unlike open ended contracts.

But ppl can get greedy, There's nicehash for you! Was it a hack or inside job.

This space just keeps getting stranger.

My 5 cents always remains the same. Never invest what you cant afford to lose and remember its always a jungle out there.

I hope its all resolved, i just started with them a few days back too, and bought alots of TH's. Gonna be positive for now! lol

triplexmaniac

CliffonCrypto hey mate, been following you for a while, first time poster! I have had hashflare in my to do list for about a week now since I heard about it (from you) and was just about to do it this morning when I saw the withdrawals being suspended. Big red flag for me, I may wait a day or 2 and see how they fix the issue before putting a few $$ into it! Love your work

CliffonCrypto

triplexmaniac Ya, just wait until we know. Im only a week or so in with them and not a good first impression. Hopefully they can get there crap sorted.

Rule of thumb, dont trust any of these companies.

Sid

Paid with credit card for the 70 TH over 4 days rather than transferring BTC or wire transfer. If shit hits the fan the cc companies secure you for 6 months from the date of purchase (might not apply to everyone so check with your cc companies before purchase). Its happened to me before and i have always managed to get my money back, its a slow process but at least you are secure to an extent.

CliffonCrypto

Sid Well Played.

I should have thought of that!

Did some digging and behind the seems the company structure (HashCoins) LLC is pretty big. being around since 2013.

Main company: https://www.hashcoins.com/
Wiki https://en.bitcoin.it/wiki/HashCoins

These are some of the reason why i took the gamble. So im still positive to be honest .

lootmidget

I'm still quite annoyed with Hashflare, I bought a 'lifetime' BTC contract from them early this summer, which they then later changed to a limited contract. That runs out next August. The return has been ok so far, but I don't trust these guys, and no one here should either.

CliffonCrypto

lootmidget I heard that story. Genesis still has them but sold out.

I wish i could find more sha256 contracts from reputable Companies without buying more asics minners myself.

They so DAMN profitable!

JBB

Thanks for being the test guys for the rest of us. I almost bought some contracts after hearing about your endeavors. I sure am interesting though in obtaining my own S9!

hish

Is it only BTC that is on hold to withdraw or is it all coins on hashflare.

hish

I believe HF is paying out on other coins, so as cliff says give them time and lets see what happens.

CliffonCrypto

Ok so far good news it seems. They did renew the domain that i was concerned about and did all the maintenance. So looks like hashflare is here to stay for now.

https://www.whois.com/whois/hashflare.io

I can give them credit for at least keeping people in the loop with all the maintenance.

The minute they renable withdraws im gonna buy another 50tb and let you guys know on ROI. So far close to 3 months ( Dont buy until this is renabled )

BUT NOTE: Cloud mining will always be risky, risk what you can afford to lose. Also SHA256 is the only contracts worth buying guys!! BE SAFE

Jonny_Quest

I've seen a lot of Youtubers promote cloud mining and the first thing they do is run to Coinwarz and Cryptocompare, punch in the numbers and look at their annual gains.
These numbers are inaccurate.
For eg. on 50TH, it might tell you that you will earn 2.8btc a year, where in fact, it might (big "might" as difficulty is hard to predict) only be 1.2btc.
This is because of difficulty increase.
What I would personally do on Hashflare on a 50TH contract, is to compound until you get a daily gain of 0.01. Maybe start profiting then and as soon as, due to difficulty, your daily goes below 0.01, reinvest/compound your way up again.
Try and sustain that 0.01.
With my horrible math and spread sheeting, I managed to see an increase in annual gains and your contract stays active. I'm not sure what the math would be if you increase and sustain your daily payout to something like 0.02 or 0.04, could be better.

Note: please don't take what I say as fact, maybe Cliff or someone smarter than myself can do the maths more accurately.

CliffonCrypto

Jonny_Quest

I just started with Hashflare and spot on none of those calcs are accurate. ( For any mining ). But based on the actual payout on Hash, its looking good with current difficulty. Live day by day boys!

I will document my journey as i go.

Jonny_Quest

CliffonCrypto
I think the hourly, daily and even weekly might be accurate, but the monthly and yearly could be off.
I personally get way too emotional if I live daily, especially with trading.

Good job on the solid content, keep us posted.
Got to make the gains here in CPT so we can afford water in the future!