HashFlare Review – In this post we will provide you HashFlare Review, is HashFlare Profitable, HashFlare Payout, How does HashFlare Work? and many more on HashFlare Review with detailed Guide. HashFlare is a department of HashCoins, a company that develops software for cloud mining and maintains equipment in data centers.
HashFlare takes great pride in providing simple, yet highly efficient cloud mining to its users. It is based in Tallinn, Estonia and gives you access to the mining hardware arsenal of their parent company. so Below is full details on HashFlare Review.
HashFlare Review : Can you Trust it ?
HashFlare is a cloud mining service provided by HashCoins, a reputable crypto team that has been involved in blockchain since the inception of Bitcoin and has over 3 years of experience in cryptocurrency mining operations.
Click here to Make Account in HashFlare
HashFlare makes cryptocurrency mining accessible to anyone for an extremely low entrance point, meaning that anyone can try out a contract on a small scale to test the system. Furthermore, Mining is not the only way you can earn with HashFlare, you can also profit from an affiliate agreement.
HashFlare Review – What is HashFlare
HashFlare was founded in 2015 by a member of the HashCoins cloud mining expert team, Sergei Potapenko. Mr. Potapenko, who is also the acting CEO of the company, has surrounded himself with a team of professionals who have been working with Bitcoin since it’s been introduced to the public and have more than 3 years of crypto mining experience.
HashFlare is a division of HashCoins, an Estonian company well-known for manufacturing high-quality cryptocurrency mining equipment. Thanks to top-notch hardware from HashCoins, HashFlare can provide exceptional service to its many users around the globe. here’s list of Best cryptocurrency to invest in 2018
Regarding how much profit you can make depends upon 3 major factors:
- Your Hashrate plan, SHA-256 ( Higher the Hashrate more will be the profit)
- Bitcoin value/price ( Higher the Bitcoin price, more will be your profit)
- Bitcoin mining difficulty ( Less difficulty more profit)
The above three factors are very crucial in deciding your profit. Nonetheless, cloud mining is still profitable and bitcoin price will surge even more in 2018. So if you’re beginner, I would advise you to sign up and purchase some hashrate as the price of hasrate is also increasing constantly and the stock is also limited.
How Does HashFlare Work
HashFlare is among the fastest and most efficient cryptocurrency mining services currently available. It enables you to start mining as soon as your hashrate purchase is processed. HashFlare provides cloud mining on the following algorithms:
- SHA-256, which is used to mine Bitcoins;
- Scrypt, which is used to mine Litecoins*;
- ETHASH, which is used to mine Ethereum;
- X11, which is used to mine DASH.
FIND A CLOUD THAT’S RIGHT FOR YOU
Cloud mining offers a unique option for mining with a low cost of entry as well as minimal risk and expense, which is opposite to traditional models of mining that involve procurement, maintenance and configuration of highly specialized hardware. Below are the 3 Things in Hashflare.
1. Hardware : Miner is a highly efficient piece of mining equipment specially designed for cryptocurrency mining. Our datacenters house hundreds of miners.
2. Pools: Miners are connected to pools. There are many pools so HashFlare allows you to connect to ones you choose. This allows you to find the most profitable combination.
Pool allocation is very flexible with HashFlare. You can select a certain percentage of your available hashpower and allocate it to the mining pool of your choice. Your earnings are calculated at the end of each mining day in accordance with the hashpower invested. Once your payout is in, you can switch the pool.
3. Payout: Next, all mined cryptocurrency is distributed among all customers of HashFlare depending on their share of hashrate in the whole system.
Select the desired plan from below list and start earning in less than 24 hours!
1. SCRYPT CLOUD MINING
- SCRYPT ALGORITHM MINER
- Minimum Hashrate: 1 MH/s
- Maintenance fee: 0.005 $ / 1 MH/s / 24h
- Hardware: HashCoins SCRYPT
- Automatic payout in BTC
- In Stock
- 1 year contract
- $7.50
per 1 MH/s
2. SHA-256 CLOUD MINING
- SHA-256 ALGORITHM MINER
- Minimum Hashrate: 10 GH/s
- Maintenance fee: 0.0035 $ / 10 GH/s / 24h
- Hardware: HashCoins SHA-256
- Automatic payout in BTC
- Limited stock
- 1 year contract
- $2.20
per 10 GH/s
3. ETHEREUM CLOUD MINING
- ETHASH ALGORITHM MINER
- Minimum Hashrate: 100 KH/s
- Maintenance fee: NONE
- Hardware: GPU Rigs
- Automatic payout in ETH
- In Stock
- 1 year contract
- $2.20
per 100 KH/s
4. ZCASH CLOUD MINING
- EQUIHASH ALGORITHM MINER
- Minimum Hashrate: 1 H/s
- Maintenance fee: NONE
- Hardware: GPU Rigs
- Automatic payout in ZEC
- In Stock
- 1 year contract
- $2.00
per 1 H/s
5. DASH CLOUD MINING
- X11 ALGORITHM MINER
- Minimum Hashrate: 1 MH/s
- Maintenance fee: NONE
- Hardware: Multi-Factor
- Automatic payout in DASH
- Out of stock
- 1 year contract
- $3.20
per 1 MH/s
Features of HashFlare
- 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.
HashFlare Detailed Review and How to Do Details
Below is more details on HashFlare review and how to make transactions, what is transaction fee in hashflare, how to make withdraw in Hashflare. 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”.
How to calculate estimated profit using hashrate?
Profit is calculated via the deduction of expenses from income.
The income consists of daily payouts which size depends on the hashrate. In order to calculate an estimated income using the hashrate you will need to include it in one of the calculators below (set all Power values to zero):
- 1. Bitcoin – for SHA-256
- 2. Litecoin – for Scrypt
- 3. Ethereum – for ETHASH (set all Power values to zero)
- 4. DASH – for X11 (set all Power values to zero)
- 5. Zcash – for EQUIHASH (set all Power values to zero)
Next, deduct the maintenance + electricity fee of 0.0035 USD per 10 GH/s of SHA-256 and 0.005 USD per 1 MH/s of Scrypt from the income. ETHASH, X11 and EQUIHASH contracts are not subject to any fees.
The sum you end up with is your estimated profit.
Withdrawals: currencies and commission fees in HashFlare
- Withdrawals for SHA-256 and Scrypt contracts are available in Bitcoin only.
- Minimum Bitcoin withdrawal amount is 0.0107 BTC (incl. commission fees).
- Withdrawals for ETHASH contracts are available in Ethereum only.
- Minimum Ethereum withdrawal amount is 0.1006 ETH (incl. commission fees).
- Withdrawals for X11 contracts are available in DASH only.
- Minimum X11 amount is 0.1003 DASH (incl. commission fees).
*you need to add an appropriate wallet to the system in order to make a withdrawal
How to make a withdrawal in HashFlare
In order to send/transfer funds from your account balance to your wallet, you need to make a withdrawal. You can create 1 withdrawal per currency every 24 hours. In order to do so, you will need to follow these steps:
- Go to your User Panel and select “Dashboard“;
- Find and click the “Withdraw” button in top right corner;
- Choose the amount to be transferred and click “Withdraw“;
- Go to your email inbox (the one connected to your HashFlare account) and click on a link in the withdrawal confirmation letter from the system.
Generally, you can withdraw any amount (up to your total balance) from your HashFlare account. However, there are several rules you need to keep in mind:
1. Each withdrawal is a subject to a transaction fee, which is paid to the blockchain for transaction processing and confirmation. Currently, the following withdrawal minimums are present:
- minimal BTC withdrawal is 0.0107 BTC, where 0.0007 BTC is paid to blockchain*;
- minimal ETH withdrawal is 0.1006 ETH, where 0.0006 ETH (in GAS equivalent) is paid to blockchain.
- minimal DASH withdrawal is 0.1003 DASH, where 0.0003 DASH is paid to blockchain;
- minimal ZEC withdrawal is 0.10003 ZEC, where 0.00003 ZEC is paid to blockchain;
2. Each withdrawal must be requested and confirmed by the user on an individual basis. Automatic withdrawal function without the direct involvement of the user is not provided by the system. In order to confirm a withdrawal, please find an email from alerts@hashflare.io in your email inbox.
Withdrawals are processed immediately after confirmation and the coins usually arrive within under an hour. If the funds are still not in your wallet after 24 hours, please submit a support request.
HashFlare payout Details
All payouts occur once per day. You will receive your first payout the following day after completing a purchase. Afterward, the payouts continue daily.
Usually, the payouts are made from 00:00 to 09:00 UTC. As the workload required to complete the payouts is significantly higher right now, the process now runs from 00:00 to 13:00 UTC.
Maintenance and electricity fees (MEF) in HashFlare
The mining process requires energy consumption and human resources for the maintenance. In order to cover these fees all users are issued with maintenance and electricity fees (MEF) accordingly to their contract type and hashrate.
The MEF is linear and equals 0.0035 USD per every 10 GH/s of SHA-256 and 0.005 USD per every 1 MH/s of Scrypt per day. Ethereum contracts are not subject to any fees.
Maintenance and electricity fees are not billed in an invoice. Instead the fees are deducted from the customer’s balance at the moment of daily payouts. Despite the fact that balance is accounted for in BTC and the fees – in USD, the fees are deducted in BTC according to the current USD/BTC exchange rate which is beneficial for the customer in case the exchange rate trend is positive – more BTC remains in the customer’s balance.
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