Quote from: shield132 on June 12, 2018, 09:15:53 PM

Quote from: njmulhsn on June 12, 2018, 06:43:40 PM

I invested 100$ in hashflare mining at the end of 2017. Soon after the bitcoin price started declining and is declining at the moment. In this situation hashflare has stopped giving payouts and says that the mining fees are higher than the payouts. Can anyone suggest what to do next? the following is exactly what they say.

"Dear users,
Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible."

I read the same on their officiap facebook. You can do nothing, just wait what they'll decide to do and fix situation. Usually that's strategy of genesis mining to close your contract because of mining difficulty reason. To my mind they aren't scammers but if they won't be able to continue profitable mining for investors, then they have to return some invested money and give 100% back of investment - currently profited to new customers and them, who hasn't ROI-ed yet.

Didnt see a reason for them to make some refunds for those who invested. Its possible for new investors but not on the ones who didnt able to reach ROI midway.We cant really able to say they are scammers since they do had really the valid reason why they dont able to give you payout due to difficulty rise and of maintenance fee which is the cause that you dont even have the chance to gain if you had invested. Hundreds of times being said before that cloud mining arent really worth to invest at all.