So as you most likely know Hashflare has made a drastic move virtually over night. They doubled their mining costs and adding insult to injury, they will not be honoring the lifetime contracts that people already purchased. While it is in their terms of service that they can change your contract, it is not acceptable. I consider those parts of terms of service should be used for extreme circumstances. People made those purchases counting on getting a service the company was selling at the time. Neither the cost of miners nor electricity have doubled.
Now nobody is forcing us to purchase contracts form Hashflare and I'm thinking that will not be a problem anyhow if they do not reconsider their recent changes. However at the very least they should honor existing contracts regardless of terms of service.
As far as new contracts go if they want to limit them to a year then get rid of the maintenance fees.
I would totally understand a percentage increase 10% or 20% sure but double is absolutely insane.
I wouldn't be writing this if there weren't redeemable qualities of Hashflare like the easy reinvest option, ability to withdraw when I'm ready, and reliability.
What do you guys think?
Do you think we can communicate with them and get their heads out of the clouds?
Maybe as a group we could influence them.