HashFlare is a new range of cloudmining services brought to you by the HashCoins team of cryptomining experts. The Hashflare team has been involved with cryptocurrencies since the inception of Bitcoin and has over 3 years of experience in the field of mining cryptocurrencies.
How the company presents itself
With Hashflare the mining is accessible to all users regardless of age, location, investment, technical nouse or experience. Hashflare give to customers an opportunity to try out cryptocurrency mining and earn Bitcoin as a reward. On a larger scale, thi Company hope to contribute to the development of mining services and subsequently to the development, establishment and adoption of Bitcoin both as a currency and as an economic system.
Cloud mining offers a unique option for mining with a low cost of entry as well as minimal risk and expense, which is opposite to traditional models of mining that involve procurement, maintenance and configuration of highly specialized hardware.
Due to the very complex nature of mining and its dependence on many external factors (mining difficulty, bitcoin exchange rate, utility costs etc), it is next to impossible to predict the size of an individual’s earnings. One thing that’s not difficult to predict is Bitcoin’s prominence as a major disruptive technology for decades to come.
Administrative and legal references
The company's head office is located in Tallin, Tartu mnt 43 Tallinn 10128, Estonia - Maps
The company provides a telephone number: +44 131 564 0074 and an email: firstname.lastname@example.org
Technical analysis of the cloud mining
HashFlare provides cloud mining on the following algorithms:
- SHA-256, which is used to mine Bitcoins;
- Scrypt, which is used to mine Litecoins*;
- ETHASH, which is used to mine Ethereum;
- X11, which is used to mine DASH.
Payouts are provided in BTC using the current exchange rate taken from Coinmarketcap.com.
SHA-256 and SCRYPT contracts last 1 year(365 days) and are subject to maintenance and electricity fees (MEF). ETHASH, EQUIHASH and DASH contracts last for 1 year (365 days) and are not subject to any fees.
Profit is calculated via the deduction of expenses from income. The income consists of daily payouts which size depends on the hashrate.
The mining process requires energy consumption and human resources for the maintenance. In order to cover these fees all users are issued with maintenance and electricity fees (MEF) accordingly to their contract type and hashrate.
The MEF is linear and equals 0.0035 USD per every 10 GH/s of SHA-256 and 0.005 USD per every 1 MH/s of Scrypt per day. Ethereum contracts are not subject to any fees.
Maintenance and electricity fees are not billed in an invoice. Instead the fees are deducted from the customer's balance at the moment of daily payouts. Despite the fact that balance is accounted for in BTC and the fees - in USD, the fees are deducted in BTC according to the current USD/BTC exchange rate which is beneficial for the customer in case the exchange rate trend is positive - more BTC remains in the customer's balance.
Withdrawals for SHA-256 and Scrypt contracts are available in Bitcoin only. Minimum Bitcoin withdrawal amount is 0.0109 BTC (incl. commission fees).
Withdrawals for ETHASH contracts are available in Ethereum only. Minimum Ethereum withdrawal amount is 0.1006 ETH (incl. commission fees).
Withdrawals for X11 contracts are available in DASH only. Minimum X11 amount is 0.1003 DASH (incl. commission fees).
You need to add an appropriate wallet to the system in order to make a withdrawal.
The investment plans
All withdrawals are processed instantly.
There is not the option to have your principal back (Piggy Bank approach)
Compounding is not available but you can re-invest from balance
You can invest via Bitcoin, Perfect Money, Payeer, Nix money and ADV Cash
Profit is accrued on all days (from Monday to Sunday)
Payment Days: all days
The deposit minimum amount is 10$ going up unilimited
There's not a minimum withdrawal amount
You will get of 5% from the deposit amount of any deposit which has been made by your personally invited partner.
- Positive and profitable cloud mining project
- Long lifespan of the project
- Unique and running perfectly script (Custom based)
- email, phone and support form
- The Administration Team has done a very professional job including professional web design
- Real business activities
- No “Phantom Riches” tactics
- No “Scarcity” tactics
- The minimal withdrawal amounts are too high
TYPE: Real Cloud Mining
LIFETIME: from 01/01/15
MIN. MAX DEPOSIT: 10$-unlimited
SAFETY: SSL and Antiddos Protections
Payment processor: Bitcoin, Bank Transfer
Languages: , , , , , , , , ,
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