\u201cif mining remains unprofitable for 21 consecutive days the Service is permanently terminated<\/em>.\u201d<\/p>\nAt the time of writing this, Hashflare has yet to explain what will happen to their clients\u2019 funds, deposited before the suspension of their contracts, which has caused great annoyance among netizens, as well as the suspicion of a possible \u2018exit scam\u2019. The latter, taking into account that contracts were made even after the 21 consecutive days of lack of profitability established in its terms of service.<\/p>\n
Given the wave of comments and notable discontent, Hashflare announced that users must undergo the ID verification process, in order to comply Know-Your-Customer (KYC) and Anti-Money Laundering (AML) policies.<\/p>\n
It is worth noting, that cloud-mining services have had a somewhat limited success, especially when comparing them to common hardware mining groups, and even these raise some questions among users for the high concentration of hash power due to the nature of ASIC mining equipment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cloud-mining service Hashflare announced on July 20 the suspension of its mining services and the shutdown of current SHA-256 (Bitcoin) contracts, due to the difficulty of profiting from them.<\/p>\n","protected":false},"author":3,"featured_media":7470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,74,9157],"tags":[4602,4765],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/7468"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=7468"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/7468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/7470"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=7468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=7468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=7468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}