Hashflare has changed their contract terms !!
"Dear users,
The cryptocurrency industry has always been susceptible to a high amount of volatility, and recent global changes have been some of the most significant. Due to an industry-wide hardware deficit, many market participants, especially mining hardware manufacturers, have to adjust their operations, procurements, terms, and prices of ASIC miners and their delivery.
Per Section 5 of Hashflare Terms of Service, SHA-256 and Scrypt contracts are now also subject to change. The changes, which mainly cover the terms and the prices of the contracts will become effective on September 1, 2017.
The new price for 10 GH/s of SHA-256 will be $2.40, while 1 MH/s of Scrypt will now cost $11.50. The maintenance & electricity fee will remain the same.
All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018.
Sincerely,
Hashflare.io team
"
This royally sucks ! I have posted on their twitter feed that they need to compensate older contract holders for limiting them and they have to remove the maintenance fees on the newer contracts.
Until then, if you want to buy cheap hashpower before it doubles tomorrow, register here:
hashflare.cryptoflow.ninja
And tweet against the above !
This is pretty clearly illegal. Under EU law, unfair contract terms are void/unenforceable, and clauses providing for one-sided modification of a contract without expressly providing valid reasons for such modification are provided as a quintessential example of such terms (see http://europa.eu/youreurope/citizens/consumers/unfair-treatment/unfair-contract-terms/index_en.htm). Someone should start a class action against HashFlare.
Hi, this is really not something write on Twitter about or Facebook sites, but as we operate within EU region, you should directly open dispute with EU consumer center and start doing legal steps.
Maybe it will be good to make a group of users and open single dispute. Will require some kind of registry site, ets.