Cloud mining gives everyone an opportunity to earn cryptocurrency (Bitcoin, Litecoin and other altcoins) without special technical knowledge and serious investments in special equipment and its services.
Hashflare cloud mining service is a part of HashCoins company, which specializes in manufacturing equipment and software development for cryptocurrency mining.
To date, Hashflare is implementing cloud mining of 5 cryptocurrencies: Litecoin, Bitcoin, Ethereum, Zcash and Dash. Initially, the mining was carried out using two algorithms — SHA-256 for Bitcoin and Scrypt for Litecoin, but over time, the service added capacities and expanded the infrastructure for the mining of other cryptocurrencies.
Hashflare capacities are located in a data center that meets security requirements and is serviced by professional personnel. In the room of the data center, the temperature and humidity of the air are maintained on the level necessary for the operation of the equipment. The equipment that uses this service is produced specifically for the mining of cryptocurrency, which allows customers to get the maximum profit.
To start earning on Hashflare cloud mining, you need to select a tariff and purchase a hashrate. A day after payment of the contract, the client receives the first payment of rewards. To gain more profit and extend the contract, part of the received payments can be reinvested using the reinvest tool. To reduce risks of profit loss at fluctuations of cryptocurrencies courses it is possible to buy various capacities for mining of different currencies. Also, the miner can manage the profitability by distributing capacity across different pools.
Using the calculator tool the user can see the current hashflare forecast for the day, week, month or year for chosen capacity. The profitability of cloud mining for each contract depends on the complexity of mining, as well as the cryptocurrency rate.
In 2018 Hashflare profitability and payback of cloud mining under the contracts are as follows:
It should be said that Hashflare is one of the best services for cloud mining, which is recommended for use by all comers. Customers can appreciate the low prices for capacity, stable remuneration payments, wide functionality and convenient personal office. The average profitability of Hashflare services is predicted about 120% per year and reviews of users say that the figure is approximately truthful. However, it should be noted that the situation on the market may change, depending on the cryptocurrencies rates and complexity of mining.