Hello Steemit,
I am so furious right now
I have just read a notice on the top of hashflare panel page that says:
Attention!
Starting from September 1, 2017, SHA-256 and Scrypt contract terms will be changed. More information available here
And what i found when i read the more information was shocking
So basically the contracts on sha-256 and scrypt has became limited for one year.
But that's okay, this is a service that they own and they can sell it in any terms they like to.
But the actual issue here is that they changed the terms of old contracts prior to the announcement from lifetime to one year.
Now if that was not a sacm, What is it then?
I am so disappointed with this company, i have invested a lot of money in to potentially make some good income within 2 to 3 years, i even referred a lot of my friends in, who I don't know how to explain what happened to them
I wanted to make sure that I understood the announcement correctly, so I looked into my old contracts which had no expiration date and this is what i found
From this list only ETHASH should have an expiry date, the other contracts used to be blank on the expiry date column
Now i know that the hashflare investors community is pretty angry about this, but obviously there is nothing we can do about it
I don't understand why they had to do this, it's huge negative action that will result a lot of negative feedback about them and their potential crypto banking project
Please upvote and resteem in order to get the maximum wide spread of this news, to protect new commers of losing money
Come on!!! Are they kidding or what?
Upvoted and resteemed. I'm really angry with them as well.
Unfortunately there is no kidding here,
I have 100% full reinvestment plan, now it's 0
Bastards
Nice post like it!
I hope you are not investing there
consider buying bitcon instead of mining
mining feels safer and win win investment, no matter bitcoin stayed on the same range, increased or decreased..
At best, they should have made the old contracts 2 years. Not only did they increase the cost but to just make the old contracts one year is adding insult to the BS.
I do understand the business logic of making more room for purchasing the computing power...but the worst part of this whole thing is that they basically gave no warning in a decent amount of time. We basically has 24-48 hours to deal with it...