HashFlare – Profitable Cryptocurrency Bitcoin Cloud Mining Pool?

HashFlare is a bitcoin cloud mining platform that promises fixed fees, instant withdrawals, and multi-pool support. Read our HashFlare review to find out how it works.

What Is HashFlare?

HashFlare, found online at HashFlare.io, is a cloud mining platform that promises to offer low fees, unlimited term contracts, and good ROIs.

Like other cloud mining companies, HashFlare aims to make cloud mining accessible to all users – even those with limited cryptocurrency experience. With HashFlare, you pay to join, then receive a proportionate share of the company’s computing output.

Mining cryptocurrencies is complex. HashFlare wants to make it easy. The service has operated since November 2015. Today, they mine bitcoin, ZCash, Ethereum, and DASH.

The company, which goes by the name HashCoins, is based in Tallinn, Estonia.

How Does HashFlare Work?

HashFlare works similar to other cloud mining operations. You pay to join the company, then receive a proportionate share of the company’s computing power. The HashFlare datacenters, according to the official website, “house hundreds of miners”. Those computers constantly mine different cryptocurrencies. You earn a share of those cryptocurrencies based on the amount of money you contributed to the cloud mining operation.

Some of the key features of the HashFlare platform include:

  • Hardware: HashFlare doesn’t go into rich detail about its mining rigs. It describes each miner as “a highly efficient piece of mining equipment specially designed for cryptocurrency mining.” They also claim that their datacenters “house hundreds of miners”.
  • Pools: HashFlare’s miners are connected to different pools. The company encourages users to find the most profitable combination.
  • Payout: All mined cryptocurrency is distributed among all HashFlare customers according to their share of hashrate.

HashFlare Features

HashFlare promises to offer all of the following features:

  • Instant Mining and Payouts: HashFlare’s mining starts immediately after payment is confirmed. The first payouts occur within 24 hours.
  • Unlimited Term Contract: There is no time limit and no expiry date. You can use the HashFlare system for as long as you like. However, some of the altcoin contracts come with 1 year contracts. It’s also important to note that your contract is only valid for as long as the mining operation is profitable.
  • Instant Withdrawals: You can receive your money instantly after withdrawal.
  • Detailed Statistics: You can view all mining information in real-time, at any point from any location.
  • Pool Allocation: You can decide which pools to dedicate your hrashrate to. Users are encouraged to find the most profitable combination.
  • Fixed Fees: There are no hidden fees or commissions on HashFlare. Every single transaction is visible to you.

Overall, HashFlare has designed its platform to make mining accessible to anyone.

About HashCoins

HashFlare is operated by a company called HashCoins. HashCoins makes a variety of cryptotechnology products and services. They offer investment opportunities in the industry, for example, as well as mining equipment, blockchain-based product development, and more.

HashCoins was founded in 2013 in Tallinn, Estonia. However, the company claims that its team has been “involved with cryptocurrencies since the inception of bitcoin and has over 3 years of experience in the field of mining cryptocurrencies.”

The company created HashFlare in 2015 with the goal of making mining easy, affordable, and accessible to average users.

You can reach HashFlare by email at [email protected]

HashFlare Pricing

HashFlare is priced at the following rates:

Scrypt Cloud Mining (Scrypt Algorithm Miner)

  • $13.50 per 1 MH/s
  • Minimum hashrate of 1 MH/s
  • Maintenance fee of $0.01 / 1 MHs / 24h
  • Hardware: HashCoins SCRYPT
  • Automatic payout in BTC
  • Lifetime contract (for as long as mining remains profitable)

SHA-256 Cloud Mining

  • $1.20 per 10 GH/s
  • Minimum Hashrate: 10 GH/s
  • Maintenance fee of $0.0035 / 10 GH/s / 24h
  • Hardware: HashCoins SHA-256
  • Automatic Payout in BTC
  • Lifetime contract (for as long as mining remains profitable)

Ethereum Cloud Mining (ETHASH Algorithm Miner)

  • $2.20 per 100 KH/s
  • Minimum hashrate of 100 KH/s
  • No maintenance fee
  • “GPU rigs” for hardware
  • Automatic payout in ETH
  • 1 year contract

ZCash Cloud Mining (EQUIHASH Algorithm Miner)

  • $2.00 per 0.1 H/s
  • Minimum hashrate of 0.1 H/s
  • No maintenance fee
  • “GPU rigs” for hardware
  • Automatic payout in ZEC
  • 1 year contract

Dash Cloud Mining (X11 Algorithm Miner)

  • $5.80 per 1 MH/s
  • Minimum hashrate of 1 MH/s
  • No maintenance fee
  • Multi-factor hardware
  • Automatic payout in DASH
  • 1 year contract

How Much Money Can You Make With HashFlare?

As with other cloud mining services, you can’t expect to get rich using HashFlare. Our friends at CryptoCompare.com found that earnings were about $21 per year for a $22 Ethereum mining package (they made $21 in profit). You can purchase packages in 1.0 MH/s (i.e. 1.0 MH/s costs you about $22). Obviously, a return of 94% is very good – but this number is also influenced heavily by the price of Ethereum, which rose sharply in the beginning of 2017.

HashFlare also allows users to earn money by referring others to the platform.

HashFlare Conclusion

There are a lot of scammy cloud mining platforms on the internet today. HashFlare isn’t one of them. HashFlare has been offering cloud mining services since 2015. The company offers a variety of mining pools, and allows users to mine bitcoin, Ethereum, ZCash, and DASH. The Estonia-based cloud mining platform is operated by HashCoins, which has been offering cryptocurrency and blockchain technology services since 2013.

You can learn more about HashFlare, or sign up today, by visiting HashFlare.io.

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