HashFlare Cloud Maining

 

                               Hashflare Review

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VISIT HASHFLARE

 

Hashflare Summary

• ROI (yearly): 15%
• Mining contract: Lifetime
• Payouts: Daily
• Payment methods: Bitcoin
• Cost: $1.60 for 10 GH/s, SHA-256
• Minimum investment:10 GH/s, SHA-256
• Allcloudminers rating: ★★★★✰
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1. Hashflare Review Company

Hashflare is a European bitcoin cloud mining company. The company started in July 2013 and the cloud mining operations in April 2015. Hashflare is a part of HashCoins that manufactures ASIC bitcoin miners. The company has their office in Tallinn, Estonia. Hashflare offers lifetime bitcoin mining contracts (as long as profitable). The cloud mining company has provided a lot of technical information about their mining facilities. They have also published photos from the mining farm. However, it´s hard to tell whether the pictures is Hashflare´s locals or not.

Read our blog post: Cloud Mining Calculator July 2016

 

2. Hashflare review - Platform

The platform is easy to navigate on but can be a bit slow. Hashflare offers two-factor authentication. Hashflare has a blog, but it´s only available in Russian.The Hashflare dashboard is informative with revenue forecasts. All transaction history is available which we think is a sign of transparency. Hashflare platform is translated into many different languages.

3. Hashflare Review - Statistics

Hashflare has 3 years of bitcoin mining experience. The cloud mining company has links to a Media archive with Hashflare related articles. Cointelegraph has published several articles about Hashflare.

 

4. Hashflare Review - Risks

Hashflare let their customers monitor their hashrate live and even choose the mining pool they wish to mine on. This would indicate that HashFlare is running a real cloud mining operation. Users can find the most profitable mining pool for their hashing power and use it. That means you can influence your bitcoin cloud mining a bit and if you are involved in the bitcoin mining you can reduce your risk.

5. Hashflare Review - Support

Telephone, email and ticket. We have been in contact with the support via the online ticket in the login area. We have received accurate and fast answers to our questions. Hashflare is also on Facebook, Twitter, Geektimes, Instagram and vk.

6. Hashflare - Our experience

We have used the service since May 2015 and we have received all the payments from the bitcoin mining as scheduled. We have good experience with the support so far.

7. Hashflare - Invest

You need a bitcoin wallet to receive payouts. If you dont have one you must get one. We recommend COINBASE where you can get $10 for free.

1. Go to hashflare.io
2. Sign up with an email
3. Confirm email
4. Login
5. Choose contract and buy with bitcoin
6. Enjoy payouts

 

 

8. Hashflare payouts and fees 2015-2016

The diagram illustrates our payouts and fees from our 40 GH/s contract at Hashflare from May 2015 to May 2016. We bought 30 GH/s in May 2015 and 10 extra GH/s in Aug 2016. The payout size has decreased significantly.

9. Hashflare total earnings 2015-2016

Out total earnings from our contracts of 40 GH/s. We have earned exactly 50 mBTC and the contracts have cost us 70 mBTC. The graph is for the first year, and we can clearly see that the return rate is much lower now than in the beginning. The question is if we ever break even.

Hashflare revenue forecast

Hashflare has revenue forecast for all their different contracts. However, they calculate these forecasts as the payouts would be stable over 1 year of time. We can clearly see that this is not the case in our graph. Also, 2016 there will be a halving in Bitcoin inflation. That means the mining reward will dramatically get lower.

10. Hashflare Bitcoin contract 2016

We bought 0.05 TH/s, SHA-256 hashrate on 7th Feb 2016 for 16.50 USD. In the revenue forecast, Hashflare predicts an ROI of 57 % of my invested funds. However, the bitcoin inflation rate will decrease and our other contracts have fallen in payout rate over time. We will update this contract. In the top graph, the payouts are displayed on the left side and on the right side is the total amount on the account.

11. Hashflare Ether 2016

We bought 0.1 MH/s, ETHASH hashrate on 11th May 2016 for 4.25 USD. According to the revenue forecast, we will receive an ROI of 5 %. However, if the Ether price rise we will probably see a higher ROI.

12. Hashflare Scrypt contract 2016

We bought 1 MH/s, Scrypt hashrate on 4th of June 2015 for 6.60 USD. We can see on the revenue forecast that we are supposed to get an ROI of 270 % which would be great. This is also dependant of the Scrypt coin prices.