Have You Heard That ? Hashflare has been in the clouding mining business for a while. While the Army Of Bitcoin has never been keen on cloud mining sites, we have heard good feedback from people about specifically Hashflare and Minerfarm. Now that we have heard that they are suspending contracts we have taken down their banners. Most importantly, the Army Of Bitcoin prides itself on working with reputable companies. Furthermore, we try to help people with our reviews find good companies to deal with. Make sure you check out the article on the Antminer T9 Bitcoin Miner over here. If you are going to start mining cryptocurrency, we feel you are best using the Antminer T9 or another qualify miner.
On July 24, 2018, all Hasflare users received an email with the title “[IMPORTANT] The operation of SHA-256 contracts has been suspended at this time”. Above all, the email starts off by saying that HashFlare LP has been suffering losses related to maintenance of equipment and electricity fees. That seems hard to believe based on the fact that they ask for money up front, doesn’t it? The email goes on to say “We had to make the difficult decision of stopping the mining service of SHA-256 contracts”. Furthermore, this is a strange time as the price of bitcoin and other cryptos have risen over the past few weeks. In the last paragraph, they say that the decision was a necessary measure. Also, they say they would be forced to charge our users additional maintenance fees. We feel that this is a scam!
Like we said, the price of Bitcoin or the BTC/USD exchange rate has increased over the past few weeks. , However, Hashflare says that the situation on the market has not improved significantly during the month of unprofitable mining. That seems hard to believe, doesn’t it? Above all, they go onto to say their hardware suppliers are not able to meet halfway and lower the prices for equipment and/or its rent. Also, they say without a radical change in the location of equipment, it is not currently feasible to reduce the electricity fees. Moreover, we feel this is BS!
So, When Will Hashflare Restart The Operation Of SHA-256 Contracts? Are The Ethereum and other cryptocurrency contracts still valid? Above all, we don’t know if Hashflare will restart the operation of the SHA-256 Contracts. Also, we feel it may be best to take as much money out as possible because if they shut down the Operation Of SHA-256 Contracts, they may shut down the operation of any and all clouding mining contracts. Furthermore, Hashflares says that since they shut down the contracts they have to re-commission a large quantity of equipment to different locations, which is expensive for them but even more expensive for the folks that made an investment! Furthermore, they end the email by saying that they anticipate news of a change in the current mining difficulty trend.
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