Hashflare.io Review
- Immediate payouts if hashpower is purchased from bitcoin
- Unlimited contract length
- Partner program
- Maintenance fees for litecoin and bitcoin
- In case of wire transfers they charge a commission fee
- Short FAQ section
Breaking News: Hashflare disables all Bitcoin Mining contracts due to inprofitability. Read more here.
Hashflare turns cryptocurrency mining accessible to everyone. There is no need to buy expensive and complex mining equipment, Hashflare wants to make mining accessible for all users around the globe no matter of age or background. The clients only need to select a desired hashpower and start generating revenue right away with the Hashflare cloud mining service. Earnings with cloud mining becomes more predictable with Hashflare than it used to be during traditional bitcoin hardware mining. The hashrates starts from as little as 10GH/s, so new clients does not need to invest a lot of funds to join the cloud mining business.
About Hashflare
The Estonian Hashflare is has been founded in 2014 in Tallinn and providing cloud mining services since the beginning of 2015. The technology behind is powered by the HashCoin team that is dealing with blockchain solutions and hardware since 2013. They have been producing ten thousands ASIC miner devices for mining bitcoin, litecoin and other digital currencies. Hashflare partnering with HashCoins ensures continuously developing new mining hardware that is up to date with the newest blockchain technology. The innovations are financed from the companys own share capital, but they also have special investors who provide additional funding to the startup.
The founders of the company are two Estonian digital entrepreneur. Ivan Turygin has a Business Administration degree and has several years experience in cryptocurrencies. Beside running Hashflare and HashCoins he is also the founder and CEO of Burfa Capital, an Estonia based consultation agency. The other founder of Hashflare is Sergei Potapenko also has a Bachelors degree in Business Administration from the Tallinna Technical College. Beside Hashflare he is owning a company with a much different profile: Siberian Timber, that is importing redwood pine for the UK market.
The Hashflare miners are located in a hi-tech, modern facility, where the room temperature and moisture is constantly monitored according to industry standards. This ensures maximum hashpower capacity without the danger of overheat.
Hashflare on Social Media
- Facebook: https://www.facebook.com/HashFlare
- Twitter: https://twitter.com/hashflare
- Instagram: https://instagram.com/hashcoins/
Coins:
bitcoin, litecoin, ethereum, zcash, dash
Address
Hashflare, Tartu mnt 43, Tallinn 10128, Estonia
Services Provided
Scrypt, SHA256, Ethash, Equihash and X11 algorithms are all running on the GPU equipment provided by Hashcoin. The contracts are all available from 24 hours contract time up until lifetime accesses, except for Ethereum and Zcash where the length of the contract is maximized in 1 year.
The cloud mining results at Hashflare show up on the client accounts immediately after payment confirmation and the client receives the first payout just 24 hours after the first block mined. Clients can choose the withdrawal methods from bitcoin, credit cards and wire transfers.
The Hashflare mining contracts can be signed from one day up to unlimited time. Clients may use Hashflare services as long as they wish to do, there is no time limit applied. Users allocate their hashpower directly to the mining pool they wish to serve in.
At Hashflare, users can join any mining pool they with to do, so the most profitable combination of cloud mining activity can be reached for any client. Then the mined cryptocurrencies are distributed among the Hashflare customers based on their share they bought at the company (PPS method).
At registration, Hashflare asks for the country of residence and for the date of birth as well beside the usual user name and password. This information is only used in case of security questions asked if they think the account has been compromised.
Hashflare also provides detailed, real-time statistics about the mining activity.
They are running a partner program, where the clients can earn up to 10% commission on each purchase of the recommended new user makes.
Fees and Pricing Schedule
As Hashflare provides cloud mining for 5 different algorithms, the pricing is tailored to each cryptocurrency individually. Users may start cloud mining as little investment as $1.20. You can save 3% on the mining fees by using this Hashflare Promo Code.
The fees are based on hashpower and also they apply certain maintenance fee also based on the supplied hashpower during a 24 hour window. Maintenance fees are only applicable for Scrypt and SHA256 mining, users mining Ethereum, Zcash or Dash cryptos does not pay any maintenance fee at all. Although on the other hand, these later three currency contracts are only avaliable for 1 year term. Zcash cloud mining has only limited supply at the moment as they only maintain the mining activity until it is profitable for the users.
Cloud mining prices are expressed in the form of minimum hashpower provided:
- Bitcoin with SHA256 algorithm costs $1.20 per 10 GH/s,
- Litecoin with Scrypt algorithm costs $8.20 per 1 MH/s,
- Ethereum with Ethash algorithm costs $2.20 per 100 KH/s,
- Zcash with equihash algorithm costs $2.00 per 0.1H/s,
- Dash with X11 algorithm costs $3.20 per 1MH/s.
Hashflare charges a maintenances fee of $0.01 for 1MH/s litecoin hashpower and $0.004 for 10 GH/s bitcoin hashpower daily, after each 24 hour long mining period. These maintenance fees are not billed to the customers, but deducted directly from the mining results at daily payouts. The fees are deducted in bitcoin based on the daily BTC/USD exchange rate provided by Hashflare.
The cloud mining company accepts wire transfers in USD and EUR, although they charge an extra 10 EUR commission fee on all purchases below 50 EUR. VISA and Mastercard are also accepted payment methods but they apply a 3000 USD limit per daily purchases for these. Due to customer protection, on the accounts where the hashpower is purchased with credit cards, there is a 14 day holding period, when the accumulated mined currencies cannot be withdrawn from the account. The immediate payouts are appearing on those accounts where the hashpowers are purchased from bitcoin.
Hashflare only allows withdrawals beyond the minimum set for bitcoin at 0.0004BTC and for ethereum at 0.0007ETH. At withdrawals they only charge the transfer fee to the blockchain that is 0.0003 BTC and 0.0006 ETH respectively paid to blockchain.
Hashflare.io User Experience
Hashflare.io has a space themed website where it is easy to navigate. The landing page provides all the necessary information for the cloud mining service they offer.
Clients like the user friendly interface and the low initial cost of the cloud mining that Hashflare provides. Although sometime issues arise, according to the user feedback the support team handles all problems quickly and diligently. The Helpdesk is operated through Zendesk platform, so they make sure all issues are taken care of. The FAQ section does not have too many prewritten questions, but includes the most frequent ones and also has a search functionality so users can find solutions quicker.
Hashflare care about security. For DDOS protection they are using CloudFlare services and they also recommend for users to use two factor authentication. The website is available in 11 different languages, beside English, Russian, German and Portuguese, the Greek, Turkish, Japanese, Chinese customers can read the pages on their mother tongue.
Overall Conclusion
Hashflare has a very strong hardware background with the cloudminers supplied by HashCoin. They offer cloud mining for five different cryptocurrencies. The contracts last as long as the mining activity – after the maintenances fees charged – is profitable for both bitcoin and litecoin. Hashflare is a good cloud mining choice for those who want to try crypotcurrency mining but doesn’t want to invest too much money upfront as their minimum plan is starting from $1.20. Due to their fee structure however cloud mining on a big scale at Hashflare can become very expensive.
Pros
- immediate payouts if hashpower is purchased from bitcoin
- unlimited contract length
- partner program
Cons
- maintenance fees for litecoin and bitcoin
- in case of wire transfers they charge a commission fee
- short FAQ section
Go to hashflare.io
SIR I WANT TO TAKE YOUR SERVICES FOR MINING OF ETN ELECTRONEUM IS THERE AVAILABLE
I have 0.00443109 BTC to withdrawall
Theirs said minimun to withdrawall is 0.0115
When click on withdrawall Read: No enough funds
Ridiculus. The amount to withdrawall is much more that the minimun
This is a SCAM. Theirs not answer the Tickets and no give a solution
Have written a guide to cloud mining on Hashflare, my first one after friend kept asking me how to do it, if you want a copy just message me. I’ve been mining all year with reinvestment and after Xmas will start to take profit in BTC. Was thinking of buying Antminers but the equivalent cost, hassle and setup and security just didn’t compare. mick cottam at gmail dot com.
Have written a guide to cloud mining on Hashflare, my first one after friend kept asking me how to do it, if you want a copy just private message me. I’ve been mining all year with reinvestment and after Xmas will start to take profit in BTC. Was thinking of buying Antminers but the equivalent cost, hassle and setup and security just didn’t compare.
ETH Miner point of view: I went to HF looking for another option to Gen… There were stable and platform looked good. Now with the whole BTC crazy, they keep raising and lowering the withdraw limits and I am only mining ETH. Payment was received and fees are ok, but, the raising and lowering of min payment amounts is getting out of control.
There are always messages:
“Dear users,
Creating new Bitcoin withdrawal requests is temporarily disabled due to a very large number of not broadcasted and/or unconfirmed transactions still pending on the side our provider, block.io. Read more from our newsletter here.”
OR
“Dear users,
As the workload required to complete the payouts is significantly higher right now, the process now runs from 00:00 to 13:00 UTC.”
Some places like Nano pool min withdraw is 0.05 ETH, HF used to have withdraw at 0.001 ETH now jumped to 0.1 ETH. Yes still small for all the players that are coming in and area already in the market. For for someone that was is learning this up and down, lack of consistency on the withdraw, and slow support. Makes me start to looking back into Genesys or for a third option.
You are robbing me, since you do not respond and will not resolve, I will go to all the sites and tell you what is happening. Company of crooks.
I agree with below they keep posting, as of this morning the min amount for ETH cash out is 0.1
As in the past I was able to regularly 0.001, I know we are small fries compared to the big whales, but its our money…we paid for the server. Compared to others their interface is good. But why should I invest in bigger mining contracts? as far as I now…if they raised the minimum to 0.1 ETH they can soon raise again to 5 ETH and so on…watch out…
“s the workload required to complete the payouts is significantly higher right now, the process now runs from 00:00 to 13:00 UTC.”
“Alberto Y Acuna, 9. December 2017
I have 0.00443109 BTC to withdrawall
Theirs said minimun to withdrawall is 0.0115
When click on withdrawall Read: No enough funds
Ridiculus. The amount to withdrawall is much more that the minimun
This is a SCAM. Theirs not answer the Tickets and no give a solution”
Scam
No lifetime contracts
Minimum payout increase all 2 weeks. Now its at 0.2 btc what is like 3500 usd
Hi, the contracts are for one year only, not unlimited contract lenght
People who say it’s a scam don’t know enough about mining and enter into mining with low amounts of money thereby getting low return which they can’t compound and thus due to increases in difficulty they hardly get break even on their investment. Check the website below it breaks it down for you how you should invest to make good ROI on your investment.
https://medium.com/@yeong.crypto/cloud-mining-a-scam-or-not-eadccaa301bc
It’s SCAM !!!
They have turned all lifetime contracts to the 1 year contracts. They have limited a withdrawal, the minimum withdrawal amount is 0.05 BTC now. It was limitless in 2017!
They have taken our money!!! Beware HashFlare!
Hi guys. Cryptocurrencies is the FUTURE of money. If you invest correctly today, you will make huge amounts as time goes by. Since trading cryptocurrencies is very risky due to human beings’ emotions, a good alternative is to buy Bitcoin mining contracts and start earning passive income today. Starting small is okay.
For example, if you invest $5k in a Biocoin mining contract with Hashflare today, you will recoup your investment in a bit over three months. The estimated total amount you earn during one year is about $16k to $17k based on conservative calculation. The more you invest, the more you earn, 24 hours per day, 365 days per year.
Not to mention that you can always reinvest your earning and make more due to compounding effect. Considering Biocoin price will go up, this investment can only get better.
The S9 antminer is the best equipment for doing mining , but i suggest you to use the mining calculator in order to calculate the power consumption because it’s very important.
after using this for several months, i concluded that the cloud mining is the better solution.the best service which i used for mining the Bitcoin, Ethereum , Zcach is hashflare.
Hashflare is hands down the best clound mining sties. My payouts are amazing, and the auto reinvest option is just outstanding.
Good experience with this company. I tried few cloud mining and HashFlare is bringing me the most profit. I have now 14 TH/s and I’m using the reinvesting feature which maximize the profit.
To be honest, I have an investment in Hashflare. But I am really worried about it. They are not trusted at all and it is going to worse. Minimum withdraw limit is 0.05 BTC which is stable right now. The referral program is a mess. They do not pay your bonus payment. Probably, they keep all bonuses themselves. I think they are going to exit and working on that right now. I hope they wont. I do not recommend to invest Hashflare right now.
Trusted?
Hashflare is a great investment for passive income in this cryptospace, very happy with my returns!
I have 20TH/s running 🙂
I transfer daily bitcoins from HashFlare to my personal BTC wallet. Transfers can take 1-10 hours, but I have always got my bitcoins. I don’t regret at all of having mining contract with them, I’m really satisfied!
Honest review: Hashflare has been doing pretty well lately, their payouts have been quite amazing tbh, I am topping at $240 a day, it should be like $190
I is the best cloud mining company on the internet. Thet are paying every day.
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.
Good experience with this company. I tried few cloud mining and HashFlare is bringing me the most profit. I have now 14 TH/s and I’m using the reinvesting feature which maximize the profit.
I have used Hashflare for more than 1.5 months and so far the payouts are following my initial forecast. ROI on one year is 400%, could lower to 300% according to the difficulty of hashrate.
But this cloud mining is legit, no doubt about it.
Overall i am quite satisfied with HashFlare. Their interface is easy to use and visualize. The ability to auto-reinvest is a nice feature that makes day to day management easier. The increments that you can buy hash rate in is of an appealing amount.
hashflare is a scammer, hashflare changed lifetime contract into one year contract, increasing withdrawal limit from 0.0007 BTC into 0.03 BTC, and decreasing my payouts
they are not scammers, its temporary, they are going to lower the minimum payment, just give them some time
oh and your payments are a little bit lower because of current btc rate, dont worry, bitcoin price is going to increase and so are your payments
is this site safe?? im about to invest money, but some people say its legit some people say its shady. so???
yup, its safe. ive been using them for a loong time, never had issues or problems!
For the people saying bad things about hashflare, ive spent over 5k on hashflare, and I used the signed up link
and I’ve already made my investment back in only 3 months because the link I used gave me 10% extra to my bitcoin payouts.
No problems so far with HashFlare.
If you want to get a Christmas bonus, you can use this link when registering, hurry up, cuz its limited:
I did another deposit of $3000, so excited!! Never had a problem with HashFlare, they pay on time and it takes 2-3 months to make a ROI (Return On Investment), then it’s all profit!!.
Its not a scam they are legit, no problems so far. If you still planning to register, sign up here, it help you out by increasing your payouts every time you get paid out.
Hi guys! Really don’t trust new mining website. Sadly they’re pretty sure scam with ponzi scheme.
Hashflare operates since 2014 so we can trust him.
Finally, I suggest to pay with BTC instead of credit card in order to avoid delay on your withdraw. In fact if you buy with credit cart you’ll be able to withdraw only after 14 day, this because Hashflare has to receive the confirm of your payment.
Happy mining! 🙂
The mining fees alone have kept my account from growing. I’ve spent about 132 dollars for the year to test out and honestly. There doesn’t seem to be a bit of profit. If I run my rigs at home. I can at least keep my basement warm in sub temps outside. It’s cheaper than running my heaters. Cloud mining is just too expensive. I am sure they are making a killing though. The problem is, unless you drop major cash down you won’t see much of a return. Then heaven forbid you actually want to receive the funds into your wallet. That’s another huge fee. Just buy a rig, mine yourself. Had high hopes for the cloud.
SCAM / or at least horrific service. I used Bank Transfer on 22.12.2017 to transfer money to their account, after weeks still not credited, support does not reply to any emails. Now the transfer status was changed from pending to timed out – money is gone and no hash rate received!!! SCAM!
the contracts are now valid for 1 year
They are scam , I bought cloud mining from them to test about 2 THs , issue is minimum withdraw is very high usd about 0.05btc around 500 plus . almost finish my contract i can’t able to withdraw . Be careful everyone. A lot of their staff write fake review here and there . i hope my review can help someone not cheating by them .
TOTAL WASTE OF MONEY DO NOT INVEST ! WASTE MY $1480 PURCHASE AT ON FEB 2018 BY YEAR END OR CONTRACT THE MOST I CAN MAKE $200, I RATHER WORK AT MCD FOR ONE WEEK. OR BETTER BUY CRYPTO AT COINBASE/GDAX.
SPECIALLY SCRYPT I PUT $600 IN FORECAST REVENUE SHOW I WILL LOST 25% BY CONTRACT END.
WITH YOUR CONTRACT U WONT BE ABLE TO WITHDRAW TILL YOUR BALANCE .0115 WITH WILL TAKE 8 MONTH FROM INVESTMENT $440/ 2THs, BY THE CONTRACT END I WILL EARN +/-$ 100. IF I CAN WITHDRAWAL THE REST OF MY BALANCE. AND ALOT HASHFLARE EMPLOYEE OR AFFILIATE POSTING FAKE REVIEW ALL OVER THE NET!
They take over 60% of your revenue. It’s definitely a rip off.
Also since they’re taking about half your money in maintenance, they shutoff the service pretty rapidly, meaning you’ll almost never get back your initial investment. It’s a complete scam. They’re just getting you to pay to build up their mining business.
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 rediculous. 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. Your best bet is to either mine or do a few good trades.
when i purchase hashrate the more i purchase the less the paypout gets, WHY?
Please i did regester can you sen email aboutmy account
Was good and unlimited contract length, not worth it now that they jack up the price and retroactively made it 1 year contracts.
Hashflare maintenance fees are extremely high.
If you buy 1TH for $60, you will earn about $0.3849 daily and Hashflare will take 0.35 in maintenance fees.
A whopping 90.9% of your daily earnings!
DOUBLE CHECK WHEN U WITHDRAW AGE COIN. SO U ALL CAN NOW REAL MINING OR NOT… SIMPLE ANSWER. BUT IF COMPANY COLLAPSE THAT MINE COMPANY VERY SMART TAKE THE ADVANTAGE IN ERA CRYPTO …;-)
Stay away from BTC cloud mining. It’s not worth it. Maintenance fees has risen astronomically. On Feb 12th, they charged me 44% of my revenue from maintenance at .38GH. On June 7th, they charged me 97% maintenance from revenue at 15TH – it’s a rip-off. You will not make your money back. Also they have set new terms:
The Mining process continues until said mining is profitable. This means the Mining process will stop if the Maintenance and Electricity Fees will become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated (Hashrate type specific). During the consecutive 21 day period, Payouts and Fees will also be temporarily stopped. If during the suspension period, the Contract-related mining factors (such as the exchange rate and mining difficulty) that are outside of HashFlare’s control will change favorably, making mining profitable again, the Service will be unsuspended and contracts reactivated.
It’s not paying anything no. The maintenance fee reached 100% when the Bitcoin sell at 6000 US $ and the mining difficulty skyrocket to triple in only 6 month.
I purchase for 2200 us$ worth of 10 th/s and I reinvest 400 us$ for the first 2 weeks in 2017. I was able to withdraw 0.1 Bitcoin at the price of 10 000 us$. So, I get back 50% of my investment. But still shit. Better to invest in Bitcoin by buying It and wait. The future exchange of Bitcoin call ForeEx is the same scam. You never got you total investment and they making profit and won’t allow you to withdraw despite the regulation on Wall Street exchange.
IT’S A SCAM WHAT THEY DO IS USE THE MONEY PAID TO THEM FROM ONE CONTRACT OF A PERSON WHO SIGNS UP AND USE THEIR MONEY TO PAY THE NEXT FOOL SCAM!! THEY HAVEN’T BEEN INVESTING IN MORE MACHINES THEIR BUSINESS IS ALL SMOKE AND MIRRORS.
IT’S A SCAM WHAT THEY DO IS USE THE MONEY PAID TO THEM FROM ONE CONTRACT OF A PERSON WHO SIGNS UP AND USE THEIR MONEY TO PAY THE NEXT FOOL SCAM!! THEY HAVEN’T BEEN INVESTING IN MORE MACHINES THEIR BUSINESS IS ALL SMOKE AND MIRRORS.