What evidence do you have to back up that claim? I'd honestly be interested in your evidence since I was thinking about investing more in hashflare than I already have. Please elaborate.
FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.
BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."
FYI, I'm not saying that they DO mine, I'm saying I don't really know. I'm very new to the scene and when I was getting informed about "legit" cloud mining services, Genesis Mining and Hashflare seemed to be the ones to choose. But I'm curious to hear how you can prove that hashflare doesn't mine.
BTW: I asked support about the whole pool distribution thing and they pretty much gave me the same information: "At the moment the best way to distribute your SHA-256 hashrate between pools is 50/50 between BTCchina and AntPool."
Simple:
Purchase some SHA256 hash. Point it 100% towards Antpool. Compare 'daily results' against https://www.antpool.com/poolStats.htm
I honestly don't know what to compare my daily results to on this website. I wasn't able to find a number on how many coins they were mining per TH/s per day. Could you get into more detail?
Let's assume you are correct, though, and hashflare isn't doing any mining of its own. Is there a legit mining service that you know of? What is your opinion on Genesis Mining? Are they legit or are all cloud mining services a ponzi scheme?
Thanks for your help!
Sure.
The amount of coins being mined is not relevant. It's the graph, which will provide the proof:
Hashflare is showing a daily graph, their "Revenue per 1 TH/s" right?
Now if you have pointed you hashes 100% to Antpool, one would see that the graph of Hasflare is inconsistent against Antpool's own graph (https://www.antpool.com/poolStats.htm)
So this could mean a couple of things:
On unlucky Antpool days, Hashflare somehow is not affected, and *magically* pops up with more revenues that day.
On lucky Antpool days, Hashflare somehow is again not affected, and alas misses the extra revenues that day.
Or, if Hashlfare's graphs are inconsistent with Antpool's, one of them two likely has a faulty database.
Or, Hasflare isn't that legit after all, at least when it comes down to SHA256.
Or, ...
^^^ Take your pick
