What Is HashFlare?
Like other cloud mining companies, HashFlare aims to make cloud mining accessible to all users – even those with limited cryptocurrency experience. With HashFlare, you pay to join, then receive a proportionate share of the company’s computing output.
How Does HashFlare Work?
HashFlare works similar to other cloud mining operations. You pay to join the company, then receive a proportionate share of the company’s computing power. The HashFlare datacenters, according to the official website, “house hundreds of miners”. Those computers constantly mine different cryptocurrencies. You earn a share of those cryptocurrencies based on the amount of money you contributed to the cloud mining operation.
- Instant Mining and Payouts: HashFlare’s mining starts immediately after payment is confirmed. The first payouts occur within 24 hours.
- Unlimited Term Contract: There is no time limit and no expiry date. You can use the HashFlare system for as long as you like. However, some of the altcoin contracts come with 1-year contracts. It’s also important to note that your contract is only valid for as long as the mining operation is profitable.
- Instant Withdrawals: You can receive your money instantly after withdrawal.
- Detailed Statistics: You can view all mining information in real-time, at any point from any location.
- Pool Allocation: You can decide which pools to dedicate your hash rate too. Users are encouraged to find the most profitable combination.
- Fixed Fees: There are no hidden fees or commissions on HashFlare. Every single transaction is visible to you.
How Much Money Can You Make With HashFlare?
That depends upon 3 major factors:
- Your Hashrate plan, SHA-256 ( Higher the Hashrate more will be the profit)
- Bitcoin value/price ( Higher the Bitcoin price, more will be your profit)
- Bitcoin mining difficulty ( Less difficulty more profit)
So if you’re a beginner, I would advise you to sign up and purchase some hash rate as the price of hash rate is also increasing constantly and the stock is also limited.