FIRST OF ALL I DONT SPEAK ENGLISH VERY WELL AND IF YOU WANT TO KNOW SOMETHING THAT I DIDNT MENTION PLEASE POST IN COMMENTS !
Do you think hashflare are scammers about new update where they limited contracts to 1 year (SHA-256 and Scrypt)
Think that out loggically again
BITCOIN is exploding past year and Cloud mining went from extremelly unpofitable to EXTREMELLY profitable and they are some leader companies in Cloud mining like : Genesis Mining , Hashflare , Hashing24.
Do you really think that sites that offer you LIFETIME CONTRACTS will last long time ?
As i said think logically.
Genesis and Hashing24 (ones that offer you lifetime conracts) will start filling up theyre storages with ASICs and one day they will run out of potential space for new ASICs and they will eventually close. (I didnt explain it well so think this yourself)
This is why Hashflare switched to 1 years bitcoin contracts.
They will rent theyre ASICs every year and expand bussines while Genesis will start dying ...
They thought about future...
Lets check Hashflare potential profitability
For 100GH/s (24$) you will get
Break even in 241 Days: Pretty bad huh ?
I also think so but i think they will lower contract price in near future
So keep in mind Hashflare isnt dead its just going trough some hard time right now and i think it will recover very soon...
Im really sorry for my bad English and i didnt explain it very well ...
If you got any questions please let me know in the comments ill give my best to help
Ill probably do update vlogs on Hashflare
Bye ! ;)