One of the better ways to invest in cryptocurrencies when you lack crypto-trading skills is “Cloud mining.” This way, you can pay Crypto-trading specialists to trade for you, while you split your earnings with them as payment for services provided. Nonetheless, you shouldn’t ‘gamble’ into cloud mining without running checks on these “Specialists.” <\/p>\n\n\n\n
Cloud mining is like \u201crenting\u201d a miner and allowing someone to run it for you. Then, you split whatever profits the miner makes with the service provider. Users of platforms like Hashflare, etc need honest reviews of these mining pools so they do not become victims of scammers.<\/p>\n\n\n\n
Here’s my reality. I’ve been huge on reviews for as long as longevity exists. Unfortunately, I fell victim to a phone brand (FERO) the first time I failed to view other users’ opinions on the product. The phone was supposedly Android and the battery was said to be as durable as durability. <\/p>\n\n\n\n
However, in less than 1 year, I was changing the battery and charger round the clock. I was livid with rage! What nonsense product! Then I went online to complain. That’s when I stumbled on a plethora of fellow distressed users. <\/p>\n\n\n\n
I learned, learned bitterly that reviews are sometimes all an intending user requires to stay away from “toxic” products and the depression they tag along.<\/p>\n\n\n\n
Thus, in this post, I will review Hashflare, how it works and whether or not it is a scam and worth your investment. In the meantime, we will answer some specific questions you may have about the platform.<\/p>\n\n\n\n\n\n
Cloud (or remote) mining<\/a> is the method of remotely mining cryptocurrency (such as Bitcoin or Litecoin) utilizing hardware power. This mining model came into being due to the fact that it has been unprofitable for mining enthusiasts to mine Bitcoins at home due to the increasing difficulty of mining.<\/p>\n\n\n\n Cloud mining gives people a unique opportunity to start mining cryptocurrencies without the need for an initial large investment in hardware or technical knowledge.<\/p>\n\n\n\n This option offers a range of advantages: instant connection, (meaning no waiting times and delivery risks for hardware shipment), fixed maintenance and electricity charges, and no nuisances associated with mining at home, such as noise, heat, or space.<\/p>\n\n\n\n Another key point is that no technical experience is required for this model of cloud mining.<\/p>\n\n\n\n Obviously, it is very important for miners to understand the mining process, but the cloud does not require hardware expertise or significant configuration\/implementation costs.<\/p>\n\n\n\n Since clients can buy any amount of mining power they want, it is an indicator that only the ambition of the miners will depend on the level of investment. This further implies that, compared with the remotely hosted model, the cost of entry and subsequent risk is far lower.<\/p>\n\n\n\n A plethora of cloud mining companies is scams. Here’s why we think so; without any evidence of actually owning any hardware, a firm may claim to be a cloud mining company. Thus, this is why we believe scary 99.9% of companies claiming to be cloud mining companies are scams.<\/p>\n\n\n\n It is simply easier for such companies to claim cloud mining than have any actual hardware that qualifies them as one. <\/p>\n\n\n\n For 99Bitcoins<\/a>, their main criticism about cloud mining companies is that a majority of them are just Ponzi schemes in disguise; who your money but do not actually buy and run miners for you. They just keep on paying you from new users that come on board until all of a sudden, they disappear.<\/p>\n\n\n\n Here’s our advice to you on this; before you subscribe to any cloud mining company, kindly do a thorough check for independent users’ opinions, not necessarily on the company’s site, that can be faked. <\/p>\n\n\n\n Thus, it is intensely important that you check well before you leap.<\/p>\n\n\n\n HashFlare<\/a> is a cloud mining service created by specialists from HashCoins in 2015. In a short time, HashFlare became one of the largest providers of computational power for mining bitcoin, litecoin, ethereum, and other cryptocurrencies.<\/p>\n\n\n\n From 2016, HashFlare became an independent company. The team of HashFlare LP has always sort ways of making mining accessible not only for crypto-enthusiasts but also for common users.<\/p>\n\n\n\n Through tremendous work made by the engineers, developers and other specialists of the company as well as partner companies, the company successfully provided the service to over 2 500 000 users.<\/p>\n\n\n\n HashFlare is owned by HashCoins, another firm of crypto experts. While you could actually see who the team members were on the “About” tab in the past, since then the organization has eliminated all personal details on who runs the company.<\/p>\n\n\n\n Fortunately, the Internet did not miss that<\/a>. The current rough estimate is that each month, the site has around 1 million visitors.<\/p>\n\n\n\n Hashflare is SCAM! Users’ reviews have been very disturbing and totally disappointing of the platform. To think Hashflare company was not shut down even when the complaints were heightened<\/a> is further unexpected from the FBI. <\/p>\n\n\n\n Users complain severally of losing money<\/a> on the platform and having their monies locked in the system.<\/p>\n\n\n\n There’s any way I’m asking you to try these guys out, NEVER! Good enough for all of us, they’ve shut down the platform themselves, but not without users’ monies tied down and of course, lost. Very sad reality.<\/p>\n\n\n\n We strongly advise that you visit the Wealth Circle<\/a> for reviews of all types of cloud mining platforms. This way, you do not have to worry<\/p>\n\n\n\n SEE RELATED: Cashcrate Reviews 2022: Latest Make Money Online Scam?<\/a><\/p>\n\n\n\n To start mining cryptocurrency using HashFlare, you will need to create an account by registering on the website. <\/p>\n\n\n\n Registration is fast and simple: enter your email address to be used in the system (you’ll see a message asking you to verify your account in your email inbox), your country, password, and date of birth. <\/p>\n\n\n\n After filling in all the necessary fields, click the \u201cRegister<\/strong><\/a>\u201d button to go to your account\u2019s Dashboard<\/strong> and find the latest news and tips on how to start using the service and an overview of your mining statistics. This shortcut allows you to immediately start buying hashrate necessary for mining the cryptocurrency of your choice. HashFlare offers the following types of mining contracts: SHA-256, Scrypt, ETHASH, and Equihash<\/strong>, which are used to mine Bitcoin<\/strong>, Litecoin<\/strong>, Ethereum<\/strong>, \u0438 Zcash<\/strong> respectively. After selecting the desired amount of hashrate and clicking the Proceed<\/strong> button (3), you will be forwarded to the payment page, where you can adjust the amount of hashrate that you wish to purchase, redeem a discount code, view your final purchase price, cancel or make a payment.<\/p>\n\n\n\n To create a purchase, click \u201cSelect payment method<\/strong>\u201d. HashFlare service allows you to choose from several available payment methods:<\/p>\n\n\n\n You can allocate the purchased hashrate between a range of available Pools<\/strong> by adjusting the ratio according to your personal preference. A pool is a server used by miners to share their processing power over one network where the block reward is split in accordance with the amount of work each participant has contributed to the process.<\/p>\n\n\n\n Different combinations of pools result in different amounts of income. You can select up to three pools at a time, but hashrate can only be distributed once every 24 hours. On the right, you can see the percentage of hashrate allocated to each pool. Here you can also remove pools (3) or add new ones from the list of available options (4). <\/p>\n\n\n\n To activate the selected settings, click Save, or click Cancel (5) to discard all changes.<\/p>\n\n\n\n You can see your estimated revenue next to the pools. The system records the allocation of pools, which is taken into account when calculating your payouts. These statistics are updated daily.<\/p>\n\n\n\n To withdraw your earned funds<\/a>, click Withdraw<\/strong> in the Balance<\/strong> menu. Please note that you may perform a withdrawal only if you have the minimum withdrawal amount of cryptocurrency available on your balance, as well as the corresponding wallet address registered to your account. You can add the desired wallet address via your account\u2019s Settings. The following links will provide more information on how to:<\/p>\n\n\n\n In addition to withdrawal, the Reinvest<\/strong> function is available for Scrypt and SHA-256 contracts, which allows you to automatically reinvest BTC. Upon activation of this function, all your available balance in BTC will be used to purchase hashrate. <\/p>\n\n\n\n After every payout, the system will check if your Balance is sufficient to purchase at least a minimum amount of hashrate (10 GH\/s for SHA-256 or 1 MH\/s for Scrypt). If it is, then the purchase will be created and confirmed automatically. Your complete payments history, as well as your contracts, purchases, withdrawals, logs of all balance activities (payouts, maintenance fees, etc.) and the full history of changes in hashrate allocation, are stored here. In this tab, you can add addresses of your BTC, ETH, and ZEC wallets that you wish to use for future withdrawals. Here you can also set your avatar, change your personal and contact information, email address, or password, and enable two-factor authentication. <\/p>\n\n\n\n Activated two-factor authentication along with complete personal and contact information enhance the security of your account. During this period you will be unable to withdraw funds from your balance, as this is a necessary preventive measure against possible account theft; however, your mining will not be affected in any way.<\/p>\n\n\n\nAre Cloud Mining Companies Legit or Scam?<\/mark><\/span><\/h2>\n\n\n\n
What is HashFlare?<\/mark><\/span><\/h2>\n\n\n\n
Hashflare Reviews<\/span><\/mark>;<\/span> Is HashFlare Legit or Scam?<\/span><\/span><\/h2>\n\n\n\n
Hashflare signup;<\/span> <\/a>How can I get started with HashFlare?<\/a><\/span><\/span><\/h2>\n\n\n\n
Also, You can perform all essential operations from your account\u2019s Dashboard. There are also additional tabs on the left-hand panel. Please read more about these tabs below.<\/p>\n\n\n\nBuy Hashrate Tab<\/span><\/strong><\/span><\/h2>\n\n\n\n
In order to buy hashrate, choose the required amount of hashrate (1) using the scrollbar. When moving the scrollbar, you will see the price for your purchase calculated in USD<\/strong> or BTC<\/strong> in a special box below the scale (2).<\/p>\n\n\n\nPools & Revenue<\/span><\/strong><\/span><\/h3>\n\n\n\n
To select the desired pools, click the gearwheel icon (1). In the opened pop-up menu you can distribute the hashrate between available pools using scrollbars (2). <\/p>\n\n\n\nWithdrawals & Wallets<\/span><\/strong><\/span><\/h3>\n\n\n\n
Reinvest<\/span><\/strong><\/span><\/h3>\n\n\n\n
To enable the Reinvest function, select the type of hashrate that you wish to reinvest in and click Save<\/strong>. To disable the Reinvest function, select the Do not reinvest<\/strong> option from the drop-down menu and click Save<\/strong>.<\/p>\n\n\n\nHistory Tab<\/span><\/strong><\/span><\/h3>\n\n\n\n
You can change the number of records visible on one page, sort them or search for specific ones.<\/p>\n\n\n\nSettings Tab<\/span><\/strong><\/span><\/h3>\n\n\n\n
Please note that changing such data as your password or wallet address will automatically put your account on hold for two weeks. <\/p>\n\n\n\nHelp Tab<\/span><\/strong><\/span><\/h3>\n\n\n\n