If you have been into bitcoin for any amount of time, you have most likely heard of HashFlare.io. It is a cloud mining company that has been in the game for a few years now. It seems to be an overwhelming consensus in the bitcoin community that Hashflare is the second best cloud mining company in the world. Second only to Genisis mining. Now that is not fact, but it is what I seem to gather from the community.
So why am I writing about Hashflare instead of Genisis if it is second best? Well because Genisis Mining contracts are sold out and you would not be able to purchase them anyways for who knows how long. And even if you were lucky enough to purchase a contract when they were available, your contract wouldn't even take effect until March of 2018 or so. So you would be waiting on profits.
I am currently mining on HashFlare.io and have been for a couple weeks now. So far I am very happy with the platform and how easy it is to use. I have been wanting to write a review of the site but felt I needed to be on the platform a bit longer to have a base of experience to go off of. But with the recent news that has come out of Hashflare, I was forced to get the word out sooner rather than later.
I am not sure of the exact timing of it, but Hashflare has recently increased their prices on the SHA-256 mining contracts from $1.50/10GHs to $2.20/10GHs. SHA-256 is the algorithm that is used when mining for Bitcoin. It is by far the most profitable way to mine as of the time of this writing.
Well, the answer is simple. They are running out of contracts. The demand for their service has increased exponentially this past year and they simply don't have the hardware to keep up right now. Which is perfectly understandable. They didn't expect this type of growth, just like nobody expected Bitcoin to top out close to 20k this year.
So if you were on the fence about cloud mining, now is the time to get off the fence and make a decision. The contracts will be gone very soon. We don't know how long it will be but my guess is within the week. If you feel this is the right investment for you, then please feel free to use my referral link HashFlare.io and get some contracts while they are still here, because we honestly don't know when they are coming back. Even at the increased price of $2.20/10GHs, it is still a very good return. And the best part is, you get paid in Bitcoin.
I was fortunate enough to buy some contracts while they were at the cheaper price point. But it does stink to know that when the contracts run out, I won't be able to reinvest my earned BTC to get more hash rate. So my plan now is to reinvest every day until the contracts run out and then just ride the wave of mining BTC.
I also need to mention, this is not financial advice and I am just a hobby investor sharing what I am doing in the crypto space. I only invest money I am comfortable losing and suggest you do the same. Be smart with your money. Patience always comes out on top and always seek riches for the right reasons.
Proverbs 28:20
“A faithful man shall abound with blessings: but he that maketh haste to be rich shall not be innocent.”
King James Version (KJV)*
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