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3.6 out of 5 based on 8 reviews.Overall rating:
|Hash Algorithm||SHA-256, Scrypt, ETHASH, EQUIHASH, X11|
|Coins||Bitcoin (BTC) Ethereum (ETH) LiteCoin (LTC)|
- Instant connection
- Suitable calculator
- Hashflare Pool Configuring
- No hidden commissions
- Maintenance fee for litecoin and bitcoin
- Bank transfers fee
- Short FAQ section
- There are negative users' reviews
Online services for cloud mining appeared a couple of years ago. Today, these platforms are extremely popular among users because they allow to mine cryptocurrencies remotely. This is a winning option that relieves you from a necessity to monitor the equipment’s operation, power supply and other configurations.
One of the most popular services of that kind is HashFlare. This is a pretty old project that has been on the cryptocurrencies market since the emergence of Bitcoin. They provide cloud mining services to users from all corners of the world for more than three years.
In this review we are going to find out whether HashFlare offers profitable cooperation conditions.
The main feature of HashFlare’s work is the provision of remote cloud mining equipment. There are five service plans different in the rent cost, productivity, and duration of the contracts. The standard agreement lasts one year, but there are tariffs with longer and even indefinite period of validity.
There are two service plans designed for Bitcoin and three for Ethereum, DASH and ZEC. The cooperation terms are different for each of them so you should use a specialized online calculator to determine which one is the most profitable for you individual plan.
With the help of HashFlare, you will be able to mine four types of cryptocurrencies (Bitcoin, Ethertum, ZEC and DASH) and manage the available pools.
The pricing terms at HashFlare are relatively profitable. On average, 10 MH/s will cost you $ 1.6 (without using any of possible discounts). It is enough to invest $1.2 to get started. You can pay for equipment rent with your bank card, cryptocurrency or Webmoney. Also, there is a referral program that provides 10% of the amount of commission received by the administration of the service to users who invite their friends.
Pros and cons
HashFlare might be a beneficial option for the following reasons:
- Low barriers to entry
- Acceptable prices
- Automatic reinvestment of funds (only for Bitcoin)
- Various payment methods
The shortcomings of this service are:
- You won’t be able to pull your funds during two weeks after changing a password
- It is impossible to withdraw funds during two weeks after adding other wallets
- Referral program doesn’t always work correctly
Make sure to look through the tariff plans offered by HashFlare and decide which one suits you best. Cooperating with this service might bring you positive experience if you allow for all possibilities before you start.