HashFlare Review – Scam or Legit?

HashFlare is a new cloud mining service that we’ve just discovered, apparently a part of the European company HashCoins that manufactures ASIC miners. There is a bit of controversy surrounding the ASIC maker, but it has been available for a while and apparently has shipped some miners already with more available for pre-order. We have not tested any of their hardware miners, but their cloud mining service is something that we are going to be testing. If you are interested in their mining hardware we suggest that you read a bit about the company and their products released so far, as their upcoming products do not seem very attractive price wise at the moment. Their cloud mining prices do seem a bit more interesting though, but don’t expect them to be the best out there.

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It is interesting to mention that the cloud mining service does offer Scrypt Cloud Mining at $9.95 per 1 MHS, something that is not worth investing at all at the moment in due to the very high price per megahash and very low ROI you can expect (less than 1 USD a month) due to the daily fee of $0.01 USD per megahash. The Bitcoin cloud mining hashrate prices do seem much better than he Scrypt ones, though we’ve seen better than $4.45 USD per 10 GHS with a daily fee of $0.01 USD per 10 GHS. Interestingly enough the service apparently also plans to offer Scrypt-N cloud mining powered by GPUs, even though that has not been profitable to mine for quite a while now and with the mother company having already announced upcoming Scrypt-N capable ASIC miners. So if you want to check the service out the only thing that is worth to go for is the SHA-256 cloud mining hashrate, and as usual we would not recommend to go with a large investment in a new service that has recently been launched.

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