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Hashflare officially shuts BTC Cloud mining of SHA_256


Hi,

Sad news for cryptocurrency moguls. As one of the most recognized and trusted company for cloud mining contracts HashFlare was considered one of the top companies in the game.

But suddenly a couple of weeks ago they had without notice closed there profitability divisors as the price of bit coin kept on decreasing.

Today it was officially announced and contract buyers including us were informed by following email.

Quote,"Dear users!

As you know, the last few months have been a difficult time for the cryptocurrency market, which has also affected the operation of our service.

We have made every possible effort in order to resolve the problem that has arisen – for instance, we have considered a variety of technical solutions, which would have allowed us to lower expenses related to maintenance and electricity. However, due to the general instability of the market, the actions we have taken could not significantly influence the current situation.
 
For over a month our users encountered a situation when the payouts were lower than the maintenance fees, resulting in zero accruals to the balance. As of 18.07.2018, the payouts were lower than maintenance for 28 consecutive days.

BTC mining continues being unprofitable, in light of which we would like to inform you that on 18.07.2018 we were forced to start disabling SHA hardware and today, on 20.07.2018, stop the mining service of active SHA-256 contracts in accordance with clause 5.5 of our Terms of Service, which are required to be accepted when creating a purchase and are the basis of concluding the contract.

We expect that the cryptocurrency market situation will stabilize in the nearest future and we will be able to offer our users new advantageous solutions.

We will continue to inform you about any changes. Stay tuned for updates!
 
 
Respectfully,
HashFlare team"

Now here is the question will they ever come back.  Well the obvious answer is yes. Because Hashflare is a large company have many altcoin contracts available aside from bitcoin is this won't change the manifesto of the company.  Regarding btc specific SHA 256 logrithim may be non profitable but there are various other BTC logrithim which can be used for mining. So the comeback is more the obvious right now. 

Thanks for reading us and coming to us. 
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