Published on July 20th, 2018 | by bitcoin0
Cloud Bitcoin Mining Company Hashflare Disables Hardware Mining Service
Hashflare, one of the largest bitcoin mining companies, said on Friday it is disabling its SHA-256 hardware and also discontinuing support for mining services on the active SHA-256 contracts.
The move comes as Hashflare continues to struggle with generating revenues, the company said, putting the blame on market fluctuations.
In an email to active customers, the company added: 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.
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.