To all those complaining low returns from Hashflare,
ROI being low is good.
Less ROI means less chances of being scam.
I remember seeing add of cloud mining promising ROI in 2-3 months.
ROI is still very better than traditional banks offer.
my first purchase was on july 2016 ,since then i kept buying small amounts and summing up the transaction fees minus what i got NET from withdrawals i have recovered so far
12.5% ..since july 2016 !
Indeed, the revenue forecast displayed is a lie because i can show you proofs that in almost 1 year in have recovered 12.5% roi.
Lets do some math, how many years are needed for a 100% roi (transaction fees for deposits included) from sha-256 ?
8 years !!I doubt hashflare will resist another 7 years with all the mining difficulty. They will shut down contracts with a perfect excuse "NOT PROFITABLE" = scamming people.
The 30k satoshi withdrawal fee is killing any chance to recover some money of the lower investors. The withdrawal fee should be a
percentage of the withdraw . Also all the contracts should be based and limited on 200% ROI (most of users have paid very high transaction fees to deposit to hashflare so this percentage should cover the network fees)
So it is not a matter if hashflare is scamming but when will this happen. It's a time bomb.
I strongly recommend hashflare owners to invest some money in real assets if they want to pay all the members' ROI, at least 100%.
I also recoomend to the future members to not buy sha-256 because this is a trap.
understand your frustration, but you can't blame HashFlare for the transaction fee, because bitcoin transfer fee is high in general. Too high in my opinion, but that's beyond HashFlare's control.
It is high for small investors, but why did you do so many withdrawals? You could have much better results just waiting and only withdraw once in a while. When I started, that's what I did.