HashFlare is down for maintenance, yet again. In a post 2 weeks ago, I detailed how the company's website was down 31% of the days between Nov 1st and Dec 20th.
Then after two months of spotty service, they jacked their minimum withdrawal limit to 0.05 BTC. If you check HashFlare's twitter feed you'll notice the company has also failed to respond to 1,000's of angry tweets over the last month, asking if this increase will be lowered or if it's permanent.
Instead of reassuring their customers by giving an explanation or timetable, HashFlare's gone silent on the situation for over a month now. Apparently, they are hoping this goes away on it's own....but it won't.
Now, imagine that you purchased cloudmining with HashFlare around early December. At the time, you picked up 7 THS for $1,050 and the minimum withdrawal was 0.01 BTC
In the above scenario, the customer should have been eligible to withdraw approx every two weeks or so, but just as they would have reached their first 0.01 BTC, the minimum withdrawal was increased 500% - up to 0.05 BTC.
Instead of hitting the withdraw threshold every 2 weeks, it will be closer to 10 weeks.
And you've signed up a couple friends, but never got your referral commission...
Then you notice, you're actually being paid 1/3 less satoshi per day then when you started just a few weeks ago...
You gave the company over $1,000 thinking you'd be able to start making some of it back within the month, yet it's now going to be over 13 weeks, or 25% of the year before you will collect enough bitcoin to reach a minimum withdrawal. Is this what you signed up for?
Due to the numerous issues HashFlare's had over the last 6 months, along with their reluctance in paying their customers for the last month, I would strongly advise against investing with them until we get some answers, and more importantly, our bitcoin.
Instead, save you're money and wait on Genesis Mining to offer new contracts.