Hashflare and their Payouts

in #steemit8 years ago

Let's talk about what happened with Hashflare for these past weeks. Since the price of Bitcoin was low the Bitcoin Mining contracts were not Profitable and Hashflare recently Terminated our Contracts which led to huge rage in the Mining community as many people lost a lot of Money in their selfish Decision.

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Now after almost 3 Days after they Terminated our Contracts they came up with another Tweet saying that after careful deliberation they are again Resuming Mining Contracts which is obviously a good news for us but then again something is not feeling right. I am getting my Mining Payouts daily but there is something off.

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Now the credits to this finding goes to Sunnydecree who is a Youtuber I follow. He pointed out that in between the Days Hashflare apparently turned off their Miners there had been no significant change in the Network Hashrate, which would have gone a bit lower if Hashflare turned off their Miners.

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Now there are two possibilities here. Either Hashflare did not turn off their Miners and were keeping the Mining Bitcoins for themselves or Hashflare doesn't have a significant number of Miners to make a dent in the Network hashrate. Now I want to believe it is the Former which is the truth otherwise you need to question where are all the Miners Hashflare is claiming to have?

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Currently, they have only ETHHASH contracts available but I will not be buying any Contracts from them instead I would like to just make the Minimum threshold so that I can take all my Money out of Hashflare. Just to be safe.

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Any other good site that you have used?

I use Genesis Mining, Hashing24, CCGMining, and Minergate.

But right now I won't suggest you to invest in any of them.

@mydivathings I almost forgot to ask you. Did you get your Free Byteball Airdrop yet??

Vright btc mining in not more profital in this time

Nice post, It is really helpful.Keep up your good work.

This post has received a 5.52 % upvote from @boomerang.

They possibly gave that information about the miners and now they don't know how to answer all those contracts and what the users ask for

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