HashFlare Are Breaking Contract and Doubling Prices By Tomorrow, People are now taking legal action
Hashflare, the Cloud Mining Company are now breaking their own promise of a lifetime contract in SHA-256 and Scrypt mining.
By tomorrow, September 1st, your already bought Lifetime contract in SHA-256 and/or Scrypt will be reset to a 1 year contract.
and all new things that you buy will also be limited to a 1 year contract. Not only that, but they are also doubling their prices from 1.2 USD per 10 GH/s to 2.4 USD per 10 GH/s (SHA-256).
Official Statement by Hashflare:
"
Dear users,
The cryptocurrency industry has always been susceptible to a high amount of volatility, and recent global changes have been some of the most significant. Due to an industry-wide hardware deficit, many market participants, especially mining hardware manufacturers, have to adjust their operations, procurements, terms, and prices of ASIC miners and their delivery.
Per Section 5 of Hashflare Terms of Service, SHA-256 and Scrypt contracts are now also subject to change. The changes, which mainly cover the terms and the prices of the contracts will become effective on September 1, 2017.
The new price for 10 GH/s of SHA-256 will be $2.40, while 1 MH/s of Scrypt will now cost $11.50. The maintenance & electricity fee will remain the same.
All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018.
Sincerely,
Hashflare.io team
"
Source: http://mailchi.mp/hashflare/mining-profitability-continues-to-grow-1182309?e=9a1b60b00c
(linked through Hashflares Dashboard)
People are now taking legal action against Hashflare for breaking the buyers contract such as this guy: http://imgur.com/a/rHZ8K. Because (according to him) It clearly stated in the contract that Mining will remain forever, or until no longer profitable. Which they are clearly breaking if this goes into affect.
Please tell me your thoughts on the matter in the comments below!
Anyhow if you are intrested in mining I would recommend you to buy now, since this is probably the last day we will be able to buy hashrates this low (at a legit company) I know it's only a 1 year contract but you will still profit quite good from it.
5% discount on Hashflare: https://hashflare.io/r/94D54052