Hashflare is still holding our money!!
Dear Steemitians
almost one month ago i made this post https://steemit.com/cryptocurrency/@intellihandling/hashflare-is-making-shit
where i was making some complaint about Hashflare service.
Till 3 months ago, they was the best cloud mining company from all web crypto experts, but from one months they are holding our money without a real reason.
So few days ago i wrote them the following question by email:
Hi
now are already 10 days your Bitcoin mining has been stopped.
Last time i kindly asked to move the hash power from Bitcoin to Ethereum but your answer that it is impossible!
So, due to fact i always believed in you and i always reinvest all mining to hash power but you are stopped to giving the service for which i invest money, so i ask you to refund me the value of bitcoin hash power.
Thank You
And this was Hasflare answer:
Hi,
On 05.06.18 the spike of mining difficulty exceeded 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline. Because of this, the payouts are lower than the maintenance fee, which results in the balance not increasing and remaining the same. This means that your balance will neither decrease nor increase. Also, due to the fact that contract payouts are lower than maintenance fees, forecast revenue shows zeros.
According to our Terms of Service, the mining process continues while said mining is profitable. This means the Mining process will stop if the Maintenance and Electricity Fees will become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated (Hashrate type specific). During the consecutive 21 day period, Payouts and Fees will also be temporarily stopped. If during the suspension period, the Contract-related mining factors (such as the exchange rate and mining difficulty) that are outside of HashFlare’s control will change favourably, making mining profitable again, the Service will be unsuspended and contracts reactivated.
For the time being, mining has been suspended, but the contracts remain active. In light of this, manual withdrawal requests (if your balance does not meet the minimum withdrawal amount) cannot be fulfilled. A manual withdrawal when a user’s balance is lower than the minimum withdrawal amount can only be performed if the contracts have already expired.
Also, according to our Terms of Service which you have agreed to when registering within our system, all hashrate purchases are final and non-refundable. It is not possible to cancel a contract and request a refund for the remainder of the time that the contract would have still been active for.
Unfortunately, we cannot influence the global factors that form profitability, neither can we take responsibility for it. The main factor that influences mining profitability is mining difficulty, and you can find the publicly available growth chart here and here. Cryptocurrency mining, trading, handling and etc. are generally highly volatile and unpredictable.
All risks are stated in our Terms of Service.
We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible.
Thank you for your patience and for staying with us!
Kind regards,
Hasflare.io Support Team
I think this is not professional company behaviour, so i would like to ask the opinion of my friends of Steemit which is full of most expert and wise people than me....
Very unfortunate @intellihandling, that you were caught in the contract squeeze. I mentioned it in my last post about how the current market is affecting cloud contracts. HashFlare is a well known mining company, I hope they work things out for the best for you.
Dear my friend, with my post i just want warn people to use cloud mining, this is really too weak market to invest some money, is better do it by myself...
We have upvoted your post with 100% voting weight, and our bot will keep upvoting on in rounds until your bets are recovered. And Congrats for the games where you made SBDs! You can track your winnings/upvotes/bets here: https://goo.gl/wjkA8K
Voting Process is slow, please have patience. This is the disadvantage of Losing a bet. Please understand it takes time to recover the loss, don't expect upvotes every day as our SP is limited and user base is growing
Thank you for participating with BetGames!
To earn more SBD/Upvotes bet risk free with @betgames
If you win you get SBD, if you lose you will get back your investment via upvotes from @Betgames
Cheers and Happy betting!
They've added a clause into the contract meaning that no mining will happen where it's not profitable for them (they have to cover electricity costs, hardware degradation, etc.). There's not a lot you can do.
Dear @missioncontrol, i agree with you but i asked to move the hash power to Ethereum mining, but they answer me it is impossible, but in Eobot there are no problem to do it, why?
@intellihandling has set 0.500 SBD bounty on this post!
What is a bounty exactly?
A bounty is money sent to a post to be distributed to the users commenting on it. It provides a way to reward users directly and works in addition to the steem/sbd they receive from the blockchain. It works independently of SteemPower.
You create a bounty by sending any amount of sbd/steem to @steem-bounty together with a post-url in the memo.
How can I earn a bounty Users are then competing for the bounty by writing their answers to the post in comments that will achieve upvotes from the community and especially the bounty creator. The money of the bounty gets distributed to all top level comments of the post at the same time when the post is paid out (7 Days after it was written). How much everyone gets depends on the votes the comments received. The sender of the bounties votes are weighted higher so that she decideds where 80% of the bounty money goes and all other votes determine the rest.@steem-bounty does all of this for you automatically. You can use this service to automatically pay out a challenge, ask a hard question or simply to reward the people that interact with you.
Read more about how it works, even in different languages here.
Thank you for support my friends!!
Congratulations to the following winner(s) of the bounty!
What good information friend would like to see more information of this kind, greetings!
Dear my friend @mazasuarez, thank you for your comment, i am just upset about this crypto mining business and i am quite sure now that the only way to do it is to do by myself...
I do not know the Hasflare system, but with your post I am clear about several things, starting with mining. I hope you keep bringing more content of this type.
Dear @nahela, unfortunately cloud mining is a black hole, thats why i decided to find another solution...
Thanks for the warning
Congratulations @intellihandling! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Brazil vs Belgium
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
upvote for me please? https://steemit.com/news/@bible.com/2sysip
Hello, as a member of @steemdunk you have received a free courtesy boost! Steemdunk is an automated curation platform that is easy to use and built for the community. Join us at https://steemdunk.xyz
Upvote this comment to support the bot and increase your future rewards!
Hi @geradunlo, i don't know who you are and you downvote is not a problem for me, but could you let me know why you downvote my post? I think in i am giving true information for all Steemit member, so if you do not like it, please let me know why...