Hashflare is a European bitcoin cloud mining company. The company started in July 2013 and the cloud mining operations in April 2015. Hashflare is a part of HashCoins that manufactures ASIC bitcoin miners. The company has their office in Tallinn, Estonia. Hashflare offers lifetime bitcoin mining contracts (as long as profitable). A lot of technical informaton is provided about the mining facilities they run.  However, it´s hard to tell whether the pictures is Hashflare´s locals or not.

Key Facts

• Hashflare Cloud Mining ROI(yearly): 5-20 % Estimated
• Mining contract: Lifetime, 1 year
• Payouts: Daily
• Payment methods: Bitcoin, Credit card, Wire transfer, Webmoney, Payeer
• Hashflare Cloud Mining contracts: Bitcoin, X11, Zcash, Scrypt, Ethereum

Hashflare has revenue forecast for all their different contracts. However, they calculate these forecasts as the payouts would be stable over 1 year of time. We can clearly see that this is not the case in our graph. Also, 2016 there will be a halving in Bitcoin inflation. That means the mining reward will dramatically get lower.

 

Calculate your Outcomes

Most important of all. Just have a quick look at your estimated ROI. Just go for there page to get the numbers.

Estimated Turnover

 

Why mining at all?

One of the big challenges for any cryptocurrency is how to generate new coins or tokens. Even Bitcoin had to start small, with people mining the earliest bitcoins. The problem with that is a lot of the cryptocurrencies still use proof-of-work mining as a basis for creating new coins, even though they are dedicated to decentralization. This system progressively gets harder and harder. The end result is that mining efforts become concentrated with the people who have high-grade mining rigs.

The power requirements for running a crypto mining operation can be prohibitive. This is because mining coins requires people to solve difficult calculations. The more difficult the calculations, the more demanding it becomes for computers. Power consumption and temperature will cut into any profits created by mining, especially if the miner operates on their own. This is where cloud mining comes in.

Cloud mining is done by having dedicated data centers doing the mining, with people buying time on the hardware to do the mining for them. This enables people to earn cryptocurrencies without thinking about mining hardware, mining software, electricity, Internet bandwidth or other offline issues. All the buyer gets is the final result.

Having a discount on cloud mining services can mean that the buyer gains a profit from the coins that are generated. HashFlare is one of many cloud mining services out there, but it happens to be one of the best.

Why not just try yourself and find it out!

 

Get Hashflare Contract