It was in the rider for all to see. I just think they pulled bullshit once again.. remember when suddenly lifelong contracts were diminished to a year......thats when things were going well. Now as the big btc on the verge of correction from this nonsene extended lull lol period hashflare decides to pull the rug and use its golden carrot o maintenance cost being more than the mining income. .....whatever.
This is the life. The cryptocurrency life.....
The letter hashflare sent:
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!
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Seriously a lifelong contract being diminished to a year should have offset quite a bit of maintenence cost. Then again voudou math is just that...
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This post has received a 9.85% upvote from @lovejuice thanks to @jazzresin. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
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What do you know. Hashflare back on line. Making corrections. Reinstalling ghs accounts. Nice.
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