CompareComparing... review – the pioneers in cloud mining

Now Reading review – the pioneers in cloud mining

Hashflare is now one of the largest Cloud Mining providers on the market and has already existed for several years – which makes the provider much more trustworthy than at first sight. Because the site looks like created 10 years ago and never updated again. But we want to make an impression and test how it works

Photo: © Screenshot Hashflare

My experience with Hashflare: First impression and registration

hashflare registration

Photo: © Screenshot Hashflare

When you land on the registration page of the first impression is unfortunately not the best. The site looks old and neglected – once a bad sign for an innovative cloud mining provider. This, of course, does not put us off and we set up an account at This works perfectly and in a few minutes a new account has been created at Hashflare.

It is to be hoped that Hashflare has put its capital in excellent mining hardware instead of a designer and translator.


The first click always goes into the security settings. In addition to the default password, which should have at least 32 characters, Hashflare also provides 2 factor authentication(2FA). After activating the 2 factor authentication, each login not only asks for the e-mail address and password combination, but also for a token that is generated on the smartphone. This token is updated every minute, making hackers almost impossible to crack the token. This significantly increases the security of the account.

hashflare google authenticator

Photo: © “Screenshot – Google Authenticator”

All you need is a smartphone and the free app “Google Authenticator”. Note: When setting the 2-step verification, the 2FA code must be saved (this is next to the QR code). We recommend saving this offline – preferably on a piece of paper. With this code the 2FA with the Google Authenticator can be added again after a mobile phone loss or when new equipment is installed.

In addition, you can enter your own wallets (Bitcoin / Ethereum / Dash / ZEC Wallet). Another security factor is that as soon as a wallet address has been changed, the payout is blocked for 2 weeks. This makes it difficult for hackers to instantly lift the stolen coins to their accounts.

Buy Hashpower: Many payment methods and instant setup

hashflare power purchase

Photo: © Screenshot Hashflare

Hashpower at is intuitive and easy to use, even if you have to click through some forms. In the first step the desired algorithm is selected:

  • SHA-256 or Scrypt for Bitcoin Mining
  • ETHASH for Ethereum
  • X11 for Dash

With a slider you can select the desired hash performance or the appropriate investment.

hashflare payment

Photo: © Screenshot Hashflare

Depending on the type of payment I decided to pay by bitcoins, of course. The computing power is immediately available and the cloud hardware starts with the exploration. In our test, we opted for 3 MH / s ETHASH for 1 year Ethereum Mining. Our investment was 66 USD.

Under the Treaties, the exact conditions should be observed. Each contract has different requirements. While, for example, the Ethereum Miners do not have a maintenance fee, the “Maintenance Fee” for Bitcoin SHA-256 Mining is currently 0.0035 USD per 10 GH / s for 24 hours of operation. For this, the computing power at the ETH-Mining is rented for exactly one year, whereas the Bitcoin contracts represent a contract with an unlimited duration.

hashflare plans

Photo: © Screenshot Hashflare

But here, too, the small print is to be read: Unlimited running time means that the miners only work in the profitable area. If the maintenance fee is no longer covered by the operation of the Mining machines, they are automatically taken off the grid by Hashflare due to unprofitability. This is a common procedure with most cloud mining providers – but must be included in a return on investment calculation.

hashflare plans2

Photo: © Screenshot Hashflare

Adjustments and digital money


The corresponding mining pool, into which the Hashpower is to be incorporated, can be selected on the overview dashboard. Concerning Ethereum Mining there were adjusted to 50% and the other 50%  to

In addition, some statistics on the own hash values, as well as a sales forecast are provided. According to the forecast, the return on investment should have occurred exactly after 100 days and the invested 66 USD would have been repaid. After that, exactly 265 days remain to earn money with the Cloud computing performance.

[box type=”success” align=”” class=”” width=””]Sales forecast: Return on investment reached after 100 days[/box]

Payout: Is reputable?

In my estimation, is reputable. The company has existed for several years and places great emphasis on transparency in many areas. The fees, costs and revenues are presented well and clearly.

The payout at Hashflare has worked flawlessly and extremely fast. Within a minute, the Ethereum was transferred to the Coinbase Web Wallet. This is a great seriosity factor, because with other vendors, the payout period takes several days and is restrained by restrictions such as a maximum payout amount or horrendous network fees. With HashFlare your own coins can be paid out immediately and without problems.

I hope that you have enjoyed the article. If you have any questions, please feel free to leave a comment or send me an email.

[box type=”info” align=”” class=”” width=””]As always, I’ll pay you back 50% of my commission from your first deposit and also I’ll put your referral link into the “Registration”-button below through a A link rotator is a unique link that allows you to route visitors to different landing pages. When a visitor clicks the Registration button he will be redirected to one of the multiple URLs I have added to the rotator. so you’ll earn commissions automatically. You can apply for ReferralCashBack(RCB) and send me your referral link by clicking on the “Apply for RCB” button.[/box]

What's your reaction?
Love It
Like It
Want It
Had It
Hate It
About The Author
Profile photo of CashGeek
Hi, I'm CashGeek. I'm an successful investor since 4 years. My goal is that you become a successful investor, too. Start with my Getting Started Guide.