Well, this review of HashFlare Cloud Mining was inspired by some HashFlare spam that I received a few days ago. I absolutely hate spammers. 🙂
While it’s highly unlikely that I will ever claim myself to be an expert in anything to do with cryptocurrency, it is certainly easy enough to take a look around the web and see if HashFlare users are satisfied with the service they are getting.
Feel free to share your knowledge of cloud mining in general or your specific experience with HashFlare in the comments.
First, the HashFlare partner spammer(s): One of the potential issues of offering a referral program is you will always end up with some people who believe spamming is okay. The subject line and content, including the referral link, were exactly the same and the messages seemed to be spammed almost simultaneously.
From: Reynalda Piszczek
From: Curtis Quivoz
Subject: HASHFLARE.IO CLOUD MINING – SIMPLE, RELIABLE, PROFITABLE…
Cloud mining is a new concept, in which the user receives profit without high risk of losing invested funds, namely: mining cryptocurrencies on remotely hosted equipment. Same as with usual mining, cloud mining connects mining power to pools for the purpose of receiving larger rewards due to common efforts of all hashrate connected to the pool, as opposed to solo-mining. However, cloud mining implies that the equipment is already connected to an array of pools, the user only needs to select which pools to connect the available hashrate to… hashflare.io/r/1B0D0EED
What is cloud mining?
In a nutshell, cloud mining allows you to mine cryptocurrency without using your own equipment. Instead, you are utilizing the equipment and resources of a remote datacenter usually located in countries where electricity costs are cheap, i.e. China and Iceland.
For those of use that aren’t cryptogeeks capable of building our own mining rigs in addition to the fact that we live where electricity doesn’t come cheap, cloud mining sounds like a great alternative.
If you’re somebody who really believes that cryptocurrencies are the future, cloud mining seems like an excellent long term strategy even if you earn very little ROI at first. Hell, if bitcoin goes as high as some predict, it’s perfectly okay to operate at a loss at this point.
Okay, so is HashFlare a scam?
As I mentioned earlier, I am not a crypto guy and a lot of the technical jargon zooms right over my head, so I have to rely on some others that seem to know more than I do.
One review I looked at feels that although HashFlare may have started out as a decent cloud mining option, HashFlare’s Reputation is Plummeting due to bad business decisions, accusations that they never really did any mining and were simply a ponzi scheme from the start, and growing complaints about the service overall.
With that said, one review still included HashFlare among the Best cloud mining providers of 2018 but did include a couple caveats you may want to read over.
In a nutshell, it’s hard to say that HashFlare is a scam. If it is, they weren’t nearly as blatant scams as other crypto related entities like BitConnect and USI-Tech. Although there is nothing inherently wrong with affiliate/referral programs, it seems like a larger than average share of companies in the crypto space that offer referral fees turn out to be scams in the end.
I would proceed with caution, monitor how things unfold with the current issues they are having, and if you do decide to use HashFlare, please don’t spam my contact form.
If you have any experiences related to HashFlare, please feel free to share them in the comments.