Dear Steemians today i want to share some updates on what's been going on with the cloud mining service call hashflare,
the cloud mining company is saying they are changing their terms of service, this is mainly price and contract changes to compensate the changes on the bitcoin network they claim, so now users will have to pay 2.40 per GH/s up from 1.20$ also they are changing contract terms for SHA-256 and Scrypt from lifetime to one year, in my opinion if the price of bitcoin continues to go up, then this one year contract might still be profitable depending on your hashrate, bellow is the notification they sent to my account
I will keep you all updated as soon as i get more info and please leave your feedback are experience with the service in the comments
i hope this info was helpful to someone out there, and once again one love to all my steemians friends have a successful day
Knowing that GM is currently out of Bitcoin mining and the recent fork, they are taking advantage of their locked in customers to change the terms. You can change the terms for new contracts but old contracts were bought based on old terms and conditions. So to unilaterally change the terms is just scamming its customers.
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I believe so too, old contacts should have remain with the same terms, and change the new ones as you said, when you buy cloud mining u should own it without expiration , they should use the term rent instead of purchase went it comes to Gh/s, i agree that its just away to scam us,, i rather get my own miner for the price as 2500 is the new price for their 10 TH/s contract
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This comment has received a 1.38 % upvote from @booster thanks to: @youngjerv.
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I sae that too will it effect the payour roo muxh i just inveated 2.1 th in hashflare because geniss didnthave any contracts for bit coin
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you will receive you regular payout but you will pay twice the amount per ten gh/s after 1 September
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Thank you
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@youngjerv got you a $1.45 @minnowbooster upgoat, nice! (Image: pixabay.com)
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