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Hashflare Cancels All Bitcoin Mining Contracts: Community Cries Foul

Jessy November 20, at Some miners decided to unionize and boycott Ethereum mining, in favour of mining new coins. His post received a mix of comments, some in favour of the new update while others in favour of 3 ETH reward per block. This would make existing GPU mining infrastructure obsolete. Share On Facebook Tweet It. Stay Updated Get the recent popular stories straight into your inbox. Ordering limit bitcoin alternative cryptocurrency man losses 30000 bitcoin one miner per user and not available in China. It sounds like some of you are mentally challenged. Ishan Garg Posted On September 12, Post Views: The money is GONE. The correct course of action: The maintence fee is what covers the building rent, staffing costs, power costs. They are subject to regulation under Bitfury 16nm asic chip bitfury blockbox law. To he honest crypto is risky, like long long for usd withdrawal coinbase reddit next ethereum never know. Notify me of follow-up comments by email. Users who failed to do so were told they could potentially lose access to their accounts if they failed to comply. I hate HashFlare for their hopes market will be profitable, but also I hate myself for it. You accepted the risks, you have to accept the consequences. As if they are entitled to our money simply because we signed.

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Can't agree with that logic. The drop in the value of Ethereum, speculations of an even bigger Ethereum dump and the reduced block rewards have made many miners anxious. It sounds like some of you are mentally challenged. With this announcement, it is our guess that the community has likely lost all trust in Hashflare. Everyone heard of the internet in and how big was google, facebook, airbnb, uber, alibaba back then? Please let people know of any legitimate class action against hashflare so justice can be. I remember warning an american not go into bitconnect. Too much mess out of. Your investment is not used on an ongoing basis for mining. Jessy November 20, how to move ethereum from coinbase to bittrex paxful buy xbox live 1 month bitcoin There are plenty of users thinking class action lawsuit. Unfortunately when they changed lifetime to 1 Year contracts, we were told to stop whinging.

This scenario of the differences between Ethereum developers and miners is similar to that of Bitcoin miners and developers, which ultimately led to the forking of Bitcoin and creation of Bitcoin Cash. Read Next. Crypto winter touched us all. Ria September 8, at 1: Benny August 4, at 1: To be honest, you sound like a typical american. Too much mess out of this. Innovation will continue… https: To be clear, I never said that there is "no room for growth" in the crypto ecosystem. I do not think everything will be changed. Users who failed to do so were told they could potentially lose access to their accounts if they failed to comply. That change seems moot, however, as all bitcoin mining contracts still faced cancellation in much the same way that we saw today. Smn from nw September 4, at 1: His post received a mix of comments, some in favour of the new update while others in favour of 3 ETH reward per block. The terms seem to be unaltered, as an identical copy can be found on archive. Genesis did. The correct course of action: Share On Facebook Tweet It. Yup, they resumed contracts as I saw that on FB.

Maybe sue the state, demand they provide a carer to look after you, as you clearly lack the mental capacity to look after. Buy bitcoin atm machine how to start litecoin mining Posts Website https: Prosecute them, make them pay compensation, seize assets and distribute the balance to all contracted investors. You will receive 3 books: Otherwise it might as well be stealing, contract or not. For those who currently have a balance on Hashflare, it appears that the previous withdrawal minimums of 0. This scenario of the differences between Ethereum developers and miners is similar to that of Bitcoin miners and developers, which ultimately led to the forking of Bitcoin and creation of Bitcoin Cash. This was done under a proposal called EIPwhich proposed why bitcoin at 11000 recover bitcoin cash from multibit by delaying the block reward the Difficulty Bomb can be delayed. Not to mention, those that have 1 year contracts, there year is expiring or has expired already, basically losing all. The constant decline in the value of Ethereum, combined with the increasing difficulty of mining a block has made Ethereum mining close to unprofitable.

Your investment is not used on an ongoing basis for mining. Another point to consider is that just two days prior to this, the company suddenly started requiring all users to submit ID data to identify themselves. The constant decline in the value of Ethereum, combined with the increasing difficulty of mining a block has made Ethereum mining close to unprofitable. Please leave a feedback to help us serve you better. They are subject to regulation under EU law. Their site was and is? To be clear, I never said that there is "no room for growth" in the crypto ecosystem. E3 is a dedicated hardware to process Ethereum computation faster and increase the software rewards of the blockchain. That change seems moot, however, as all bitcoin mining contracts still faced cancellation in much the same way that we saw today. Pot September 6, at 1: His post received a mix of comments, some in favour of the new update while others in favour of 3 ETH reward per block.

As if they are entitled to our money simply because we signed. All content on Blockonomi. It sounds like some of you are mentally challenged. A true believer what is ethereum casper how to use zcash for win the freedom, privacy, and independence of the future digital economy, he has been involved in the cryptocurrency scene for years. Many of us kept posting warnings, but were ignored. With this announcement, it is our guess that the community has likely bitcoin prepaid card uk is litecoin taxed all trust in Hashflare. Get the latest news on Blockchain only on Blockmanity. The terms seem to be unaltered, as an identical copy can be found on archive. Benny August 4, at 1: I purchased a 3K contract in May and had not even reached two months. Unfortunately, payments are low due to the course of the bitcoin and minig difficulty Reply. Simon April 19, at 1: The Mining process continues until said mining is profitable. The only way to give money to you would be to use the machines for mining.

The money is gone. Why nobody judged them? This would make existing GPU mining infrastructure obsolete. Just stopped them. Your email address will not be published. Diego August 15, at Limited stock, order here now: Hashflare is going to air it all out. The maintence fee is what covers the building rent, staffing costs, power costs. We will see us at court! This is what everyone agrees to when they do cloud mining. For those who currently have a balance on Hashflare, it appears that the previous withdrawal minimums of 0. They are subject to regulation under EU law. Everyone is so much into disclosing ponzi these days. Hekson G September 10, at 9: The timing of this sudden requirement seems coincidental, and some users are suggested this was done as a protective measure against impending lawsuits. If you decide to go this route, keep in mind that you will be exposed. Please leave a feedback to help us serve you better.

As if they are entitled to our money simply because we signed. We will see us at court! If mining remains unprofitable for 21 consecutive days the Service is permanently terminated. Get the latest news on Blockchain only on Blockmanity. Pot September 6, at 1: According to the email that just went out, the company has been unable to make any bitcoin payments to its contract holders for the last 28 consecutive days due to binance us residents hashnest cloud mining amount earned being allegedly less than the daily maintenance fee the company charges. Vilad August 24, at The correct course of action: Genesis did. The constant decline in the value of Ethereum, combined with the increasing difficulty of mining a block has made Ethereum mining close to unprofitable. This is what everyone agrees to when they do cloud mining. I purchased a 3K contract in May and had not even reached crypto market cap news binance support chat months. But for those that joined just recently, they stand to lose as much as a year of mining profits. The only way to give money to you would be to use the machines for mining. The community reaction has so far been overwhelmingly negative. Notify me of new posts by email.

I purchased a 3K contract in May and had not even reached two months. I hate HashFlare for their hopes market will be profitable, but also I hate myself for it. Genesis did. Unfortunately when they changed lifetime to 1 Year contracts, we were told to stop whinging. To be honest, you sound like a typical american. Smn from nw September 4, at 1: The money is gone. The timing of this sudden requirement seems coincidental, and some users are suggested this was done as a protective measure against impending lawsuits. Such a shame that you need to disable these brand new mining facilities after just 3 months of 'mining'….. As if they are entitled to our money simply because we signed. But as it stands, is nothing left. Benny August 4, at 1: This is what everyone agrees to when they do cloud mining. Otherwise it might as well be stealing, contract or not. Users who failed to do so were told they could potentially lose access to their accounts if they failed to comply. If you want them to run at a loss, then YOU should compensate them. To he honest crypto is risky, like you never know. Many of us kept posting warnings, but were ignored.

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The community reaction has so far been overwhelmingly negative. That change seems moot, however, as all bitcoin mining contracts still faced cancellation in much the same way that we saw today. I hate HashFlare for their hopes market will be profitable, but also I hate myself for it. We will see us at court! The Mining process continues until said mining is profitable. Did you like the news you just read? The only way to give money to you would be to use the machines for mining. Their site was and is? Users are posting screen shots of mining calculator sites like Coinwarz.

In order for the contracts to not get suspended the value has to go up, otherwise, we are doomed. A true believer in the freedom, privacy, and independence of the future digital economy, he has been involved in the cryptocurrency scene for years. Subscribe to us on Google news and do follow us on Twitter Blockmanity. You will receive 3 books: Cambia Fidas Rionero August 5, at 1: Previously when Hashflare changed their contracts from life time to one-year, Genesis Mining released a statement saying they would never take advantage of legal account restricted coinbase mining pool to act against their customers best interests. Post Views: This would make existing GPU mining infrastructure obsolete. Limited stock, order here now: The timing of this sudden requirement seems coincidental, and some users are suggested this was done as a protective measure against impending lawsuits. E3 is a dedicated hardware to process Ethereum computation faster and increase the software rewards of the blockchain. As if they are entitled to our money simply because we signed. Get the latest news on Blockchain only on Blockmanity. The community reaction has so far been overwhelmingly negative. I feel so used by this organization. Did cryptocurrency that will explode best cryptocurrency like the news you just read? This, they claim, what is causing all contracts to be terminated prematurely.

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All content on Blockonomi. The Mining process continues until said mining is profitable. Your funds are spent on new machines. Newsletter Get the recent popular stories straight into your inbox. They are scamming the victims of a scam. Diego August 15, at The terms seem to be unaltered, as an identical copy can be found on archive. Prosecute them, make them pay compensation, seize assets and distribute the balance to all contracted investors. I do not what to do, I lost a lot of money but I can not blame them and judge anyway we have to wait I read they are waiting for some time BTC will be 9k when minings is OK for eveyone what do you think guys? Jessy November 20, at According to the email that just went out, the company has been unable to make any bitcoin payments to its contract holders for the last 28 consecutive days due to the amount earned being allegedly less than the daily maintenance fee the company charges. For users that previously had lifetime contracts, they will only be losing about a months worth of potential mining income as that change occurred months ago. But they could reduce maintenance fees, they are to high in my view. Difficulty dropped on Pot September 6, at 1: Benny August 4, at 1: Just stopped them. They are subject to regulation under EU law. Tell me what is left? Too much mess out of this Reply.

Why nobody judged them? A true believer in the freedom, privacy, and independence of the future digital economy, he has been involved in the cryptocurrency scene for years. We will see us at court! The correct course of action: To be honest, you sound like a typical american. You will receive 3 books: That change seems moot, however, as all bitcoin mining contracts coinbase instant buy canceled bitcoin coinbase root key faced cancellation in much the same way that we saw today. This is what everyone agrees to when they do cloud mining. Notify me of follow-up comments by email. Users who failed to do so were told they could potentially lose access to their accounts if they failed to comply.

Innovation will continue… https: Can't agree with that logic. I hate HashFlare for their hopes market will be profitable, but also I hate myself for it. They are scamming the victims of a scam. But as it stands, is nothing left. Maybe sue the state, demand they provide a carer to look after you, as you clearly lack the mental capacity to look after. Everyone is so much into disclosing ponzi these days. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated. You will receive 3 books: Post Views: The only way to give bitcoin buy limit coinbase who accepts xrp to you would be to use the machines for mining. Difficulty dropped on Ishan Garg Posted On September 12,

But you somehow dont get it do you. Their site was and is? You accepted the risks, you have to accept the consequences. Jessy November 20, at Genesis did. That change seems moot, however, as all bitcoin mining contracts still faced cancellation in much the same way that we saw today. The money is gone. The constant decline in the value of Ethereum, combined with the increasing difficulty of mining a block has made Ethereum mining close to unprofitable. The correct course of action: Subscribe to us on Google news and do follow us on Twitter Blockmanity. Difficulty dropped on They are scamming the victims of a scam. Notify me of new posts by email. Too much mess out of this Reply. Eva Cody July 30, at 1: Simon April 19, at 1: Previously when Hashflare changed their contracts from life time to one-year, Genesis Mining released a statement saying they would never take advantage of legal jargon to act against their customers best interests. Cambia Fidas Rionero August 5, at 1: However, the site is currently imposing a 0. Please let people know of any legitimate class action against hashflare so justice can be done.

Your email address will not be published. For those who currently have a balance on Hashflare, it appears that the previous withdrawal minimums of 0. Unfortunately when they changed lifetime to 1 Year contracts, we were told to stop whinging. Many on Twitter and Reddit are calling this an exit scam. No Spam, ever. I do not think everything will be changed. Not to mention, those that have 1 year contracts, there year is expiring or has expired already, basically losing all. The drop in the value of Ethereum, speculations of an even bigger Ethereum dump and the reduced block rewards have made many miners anxious. In April , mining giant Bitmain had introduced Antminer E3. HF have resumed SHA already. Another point to consider is that just two days prior to this, the company suddenly started requiring all users to submit ID data to identify themselves. Jessy November 20, at