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RE: Hashflare Cloud Mining Renigs on Lifetime Sha256 and Script Contracts Today
I'm pissed. I was planning to get to 100TH/s (25+ ATM). A lifetime contract isn't he we feal like changing it to 1 yr. Where is the loyalty to the customers. The main reason I chose Hashflare was the lifetime contract. Wonder if I can get a refund because they are breaking my contract with them...
I am feeling exactly the same way. Its a pretty dirty scheme to break contract. I read the TOS though, sadly its in there that they can change considering the cost factors but their supposed cost factors are bull in the announcement they made. Its like this, HASHFLARE is owned by HASHCOINS who is a leading European manufacturer of ASIC Miners, so their announcement they are doubling the prices and removing the lifetime contracts due to costs of hardware is to me not valid. Because they have raised the price on their hardware long before this like most of them out there and they can easily produce their own mining hardware, plus crypto is on a fast track to rich city right now so calling times being tough and pulling the plug is pretty much a sign these guys are just trying to bank on users.
Its day 5 also for me, I bought 0.48 TH/s 5 days ago and they put my purchase in a TIMED OUT state even though they received my funds immediately. No response still nor my hashes showed up and I work in crypto so I know how to dig in a blockchain to pull proof out of it and keep records lol. My friend what we have here is just another cloud mining service in it for themselves. Luckily I been avoiding these things for years and just put in a little less than $100 on my account. FIgure just let it run and collect out in a year and hopefully BTC is way high and that will be worth the wait but I seriously feel for you guys that were planning high hashrate investments. I would suggest to just get the hardware for yourself. Antiminer has a wicked scrypt miner for a few grand that should rake in the coins with LTC about to drive up with the big boys. I run 4 GPUs right now, getting more and have 3 ASICS, 1 Scrypt and 2 Sha256 but the SHA256 are killers on the electricity costs and why I went cloud mining. I don't think Hashflare is a scam but I don't think they are doing right by the agreement made with the lifetime contracts, that is also the only reason I signed up as well. Their business should nose dive due to this though, year contract at such high prices as they pose is for the newbies out there, little math and most people won't touch it. Sorry to bare the bad news though, think we should all avoid cloud mining unless they can stick to an agreement, seems rare they do though
Nice reply, the thing that stopped me from buying the hardware myself is the Availability. Everywhere I look there is wait times in months. I'm guessing you mean the Antminer L3+, 500MH/s nice unit, but coming soon. I have a small 2 card (rx570s) rig, but the cards are expensive in Australia. $800 for 2 cards. If I wanna go up from there, I need a new MB ect... Its frustrating..