Cloud mining company Hashflare has been a staple for the could mining community, They offered Lifetime contracts for SHA-256 ans scrypt at as little as $1.40 per 10 gh/s.
Since I am a user of this service, I thought it strange and outraging that they have changed their contract policy.
Below is what is currency advertised on the main page of the website...
Now this looks like a good idea....atleast a first. Now they have announced a change in contracts....
Their twitter has exploded with negative comments and long term users are absolutely furious. To promise lifetime contracts...then limit it to 1 year for double to price, this reaction is understandable.
I for one, will not be reinvesting and will not sign for a new contract after the date.
And to give us 1 day notice is just another slap in the face.
I am also in hashflare , and just when I had it ticking along nicely, regular reinvests , good hashrate; they drop this on us.
I guess I will take my earnings off to genesis they have stated that they will never go back on a lifetime contract.
I didnt really trust cloud mining services to begin with. But, I thought they would atleast be different. I dont feel genesis is a good deal either, they are out of Bitcoin contracts and for the price, I may as well mine on my own. Only upside is the price of bitcoin atm!