Hashflare review

One of the projects emerging from many of its competitors and continue honestly and competently work on this complex market is Hashflare.

Information about company




Hashflare is a subsidiary of HashCoin. This company is at the origins of the cryptocurrency industry and produces equipment for mining, as well as creates and places on its spaces online services and provides technical support. HashCoin started in 2013 and developed in the chosen direction very actively. A powerful beginning was provided with the money of the founders, and the development — competent work with investors and partners. Today more than 450 000 private and corporate clients use various services of the company.
As a division of Hashflare experience developing software for cloud mining and ensure the quality of its mining equipment in data centers. The mission of the unit – ”to Provide everyone with the opportunity to participate in mining, even with limited financial, technical capabilities and/or a complete lack of experience.” with mining on Hashflare.
Registration and the start of a Process
After filling in the registration form, it is required to confirm the registration via e-mail and carefully examine all the conditions of future work. In short, the principle of the site is reduced to three parameters displayed in the infographics.
Now you need to have a digital wallet, which will receive charges from the purchased capacity.
There are a few options:

  • Online wallet supporting the currency which are paid by Hashflare;
  • Create an account in the multicurrency wallet, where each currency will generate its own address;
  • Register on the cryptocurrency exchange and substitute the address of the exchange account in your account.

All the proposed formats have the right to life and are actively used. What exactly is the format of the transfer of funds from Hashflare to choose, influenced by the objectives of the user receiving coins. After completing the preliminary procedures, it is time to choose the currency for the extraction and the capacity that you are going to purchase.

Reviews about cloud mining Hashflare




Suggest that the most popular customers enjoy the offer of SCRYPT algorithm.
The power that is running this algorithm allows you to mine Litecoin and some other coins. But, at the moment, the most favorable tariff, the most profitable with minimal risk is SHA256.
It is necessary to understand that the user performs the conclusion of the contract on lease of the chosen volume of power placed on the party of the company of the equipment for a period of 1 year. The terms of the contract specify the hashrate to be purchased, as well as the tariffication of equipment maintenance during the reporting period. Now go to the definition of capacity leased from Hashflare. After selecting all the options, there is a transfer to the payment page. Ordered capacity is allocated within an hour from the date of payment and after 24 hours the user sees the first profit.

The client has two options for actions with the received income:

  • Withdrawal of coins to the created wallet;
  • Reinvesting in the purchase of a larger hashrate to increase profits.

Among the clients of the project there are quite a few of those who, with the help of reinvest, brought their capacities to impressive levels, providing them with a full-flowing flow of coins.

Payment methods of Hashflare contracts

Because the project Hashflare is one of the areas large companies, all processes in it are transparent. This allowed us to connect as a system for payment of contracts all the key payment systems:

  • Web Money;
  • Bank transfer;
  • VISA / MasterCard;
  • Payoneer;
  • Cryptocurrency.

Payment for the selected package is displayed in your account, as well as the purchase status. The marks can be written in English and have the following definitions:

  1. Processed – payment under the contract is credited in full, the transaction is completed;
  2. Pending – purchase in the process of waiting for the completion of the transaction. This mark indicates that some part of the transaction has not been executed. If you cannot determine the cause yourself, contact support;
  3. Rejected – the abolition of the purchase procedure. The reason may be unrealized authentication in 3D Secure, cancellation of the process by the user or authorization not passed by the Issuer (when paying with cards);
  4. Canceled – not confirmation of payment from the client within 48 hours. In this situation, the funds are frozen for 5 days and returned to the account from which they were received, and the purchased package is deleted.

Hashflare profitability. Professional tuning of the HF pools

Hashflare offers bought to attach hashes to pools one of the types – BC, BW and SL. The choice is made on the basis of the current situation in the field of mining, as there have already been some trends. The assessment of pools, no one does on their own.
We were able to collect some statistics from the project participant, confirming the assurances of HF.
It is distributed by algorithms and averaged as follows:

  • SHA-256 — 120%;
  • Scrypt — 115%;
  • Eterhash — 90%;
  • X11 — 80%;
  • Equihash — 80%.

Analysis performed by users with serious power in the project shows that this ratio be maintained in the next period, but can vary slightly depending on the market situation with cryptocurrencies and technical base.

Withdrawal from Hashflare.

Many customers, especially those who registered very recently, plagued by forum users and support questions – “Why withdrawal function is blocked in my account?”. This practice does take place, but it is not related to specific customers, but to some transactions with accounts. The coin withdrawal function is frozen for 14 calendar days in order to prevent fraud or theft of funds from the account during hacking.
Here is a list of situations leading to the activation of freezing:
Change password. Such a procedure can produce the criminals for the withdrawal of assets from a hacked account. Freezing gives the owner time to report the problem and regain access;
Payment of the selected contract by credit card. The freeze is activated in case the Bank card Issuer declares that the payment was made from a hacked card or by fraudulent actions of third parties;
Change the address for the withdrawal of coins. This point is important because it can be hacked with the substitution accounts purposes;
Referral purchases with credit cards. For some, blockchain projects were relevant schemes where fraudsters have created a “white” account, while referral accounts are filled up with broken debit and credit cards to get rewards. Freezing here is intended to prevent such schemes. This feature is introduced by the project management and prescribed as a mandatory condition of employment with cloud mining Hashflare . Support workers and program administrators do not have the authority to unlock or reschedule the lock.
Amounts to withdrawal:

  • Scrypt and SHA-256 output to Bitcoin (BTC) – 0.05 BTC;
  • ETHash paid in Ethereum (ETH) – ETH 0,1006;
  • X11 is paid to Dash – 0.1003 DASH;

note the small proportion of coins at the end of the sum is a Commission fee to the network for translation are already included in the minimum amount. Such lows to output created intentionally, as a key trading platform and currency exchange machines rarely accept smaller payments.
The withdrawal process takes place through Your personal Account and is a certain algorithm:
Press the Withdrawal button;
Enter the amount to be withdrawn;
Confirm the action in accordance with the instructions in the letter.

Cloud mining Hashflare does not support recurring automatic payments for security purposes. Other projects often received a lot of negative feedback when such payments stopped coming to customers, due to the fact that the scammers replaced the recipient’s address. Each withdrawal is accompanied by mandatory user participation and verification of all details. The set payout time is 1 hour from the moment of confirmation of withdrawal. Any delays are the cause for contacting customer support.
Advantages of Hashflare.io
Overview would be incomplete without defining the list of key advantages over other platforms:

    1. Speed. Activation of purchased capacities is made in the first hour after payment and in 24 hours the first profit is already visible;
    2. Availability. Can be purchased with a small hash rate that will allow you to start with small amounts and increase investments;
    3. Powerful pools. The connection to the TOP pools allows you to quickly receive compensation from the units and pay the minimum fee;
    4. Remote access. Beneficial because the client does not solve problems with the placement of equipment, payment of bills for power consumption, and has a high level of noise and ensure efficiency;
    5. Mobility. The client is free to choose pools for work and to transfer capacities in any format for achievement of the maximum profit;
    6. Referral program. For the involved parties to the referrer will be charged 10% of the power purchased by the partner;
    7. Protection. The service supports two-factor authorization;
    8. Reinvestment. Coins from the internal account can be invested in purchasing new power under any algorithm;
    9. Convenience. The interface is simple and not Intrusive, the work of the service is made as simple as possible;
    10. Statistics. All information on the work of contracts is collected in a convenient format and is available in real time;
    11. Mining of the most popular coins. Rate allow you to get the most popular coins – BTC, LTC, DASH, ETH, zcash;
    12. Simple conclusion. At a set of the minimum for a withdrawal of the sum, it is possible to create the Bunny on withdrawal every day;
    13. Competent and expeditious support. Operators work 24/7.

Disadvantages Hashflare.io

Call the following deficiencies in the full sense of the word not because of security threats means they are not, but that leaves about Hashflare reviews, noted his displeasure that way:
Manual payments. There are many complaints about the lack of automatic payments, as in other projects. Administration times and rather harshly spoke on this occasion and noted that to spend 2-5 minutes to compile the application for payment and its confirmation is safer than to complain about the hacking or the substitution of payment details;
The slowness. It is often noted that the site could work faster, but to ensure the full operation of the site, which has more than 400,000 customers, making it safe, and even fast is extremely difficult, without the introduction of additional fees from customers.

Conclusion

Financial and cryptocurrency analysts agree that the era of cryptocurrency is at a starting stage and its development will be even more effective. Since mining is used to ensure the safety and maintenance of cryptocurrency ecosystems, the active growth in the number of new networks supports the demand for high-quality mining equipment and reliable cloud mining.