HashFlare announced on July 20 that it has dropped its mining service of active SHA-256 Bitcoin contracts
“The Mining process will stop if the Maintenance and Electricity Fees will become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated.”
Announcement link: https://cryptosrsly.com/hashflare-disabling-sha/
From their twitter page (https://twitter.com/hashflare/status/1021766587139940353)
"Due to the fact that since the beginning of last month HashFlare LP has been suffering losses related to maintenance of equipment and electricity fees, we had to make the difficult decision of stopping the mining service of SHA-256 contracts. FMI: http://fb.com/HashFlareGlobal "
Is the future of Cloud Mining bearish? or will mining continue at personal level?
What you say, please comment below.....
PS: I have HashFlare account, but every time I researched for buying a contract in last ten months, my research never resulted in a contract.
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