Hashflare is one of the most popular names in the cloud mining industry. In case you unfamiliar with Hashflare, it is a cloud mining service by Hashcoins that has managed to make cryptocurrency mining possible for everyone. Anyone can associate themselves or do cryptocurrency mining with the help of Hashflare.
The company was launched in 2015 and ever since then it has taken the crypto world by storm. With its increasing popularity, people have been wanting to know more and more about the company. Keeping this in mind, we are going to dig deep into Hashflare today and see what makes it a remarkable name in the cryptocurrency mining industry.
We discussed the basic bits about the company above. Most of you may be wondering what is it that makes Hashflare stand out of the crowd of other mining services. Below are the major highlights of Hashflare and the reasons why it’s such a big name:
- Decentralization is one of the reasons why the company has been doing so well over the past few years. You get to select the mining pool of your choice and choose where you want to mine your Hashrate.
- Making withdrawals is easy and can be done instantly. In case you want to make a withdrawal from Hashflare, it will be quick and you won’t face any issues.
- Hashflare has done a remarkable job when it comes to user interface and navigation. The dashboard is very well organized and detailed. You would not miss out on any updates or information whatsoever.
- There are no hidden charges when it comes to using Hashflare. Every transaction is transparent and you can see what exactly has been done during a particular transaction. There are no hidden fees or commissions taken by Hashflare for your transactions.
- Once you have made payment in the name of Hashflare. You can start mining as soon as it is verified. If you make profit, you can receive your payout within the first 24 hours itself.
- Hashflare has been here for a while now. It is regarded as one of the most trustworthy names in the crypto industry.
- All types of mining are available on Hashflare including Genesis Mining, EOBOT, Mining Rig Rentals. This is one of the reasons why Hashflare would be perfect for you if you are getting into mining.
These were the major highlights of Hashflare. As you can see it is far superior than other services or companies in the cloud mining category. Anyway, let us now have a look at how Hashflare works.
The working procedure of Hashflare is not very complicated for you to understand. Let’s break it down and discuss how their service actually works:
Hardware is among the most important aspects of any cloud mining service. And in this aspect, Hashflare has done a tremendous job. Hashflare features different types of hardware for mining. Here are the major hardwares that Hashflare houses:
Hashcoin SCRYPT: This hardware is used to mine scrypts algorithms.
Hashcoins SHA-256: It is used for mining of SHA-256 algorithms.
GPU rigs: This hardware lets you mine Ethereum, Zcash and dash cryptocurrencies.
As we stated earlier, Hashflare consists of several different mining pools. You can choose to invest your Hashrate in whichever mining pool you think would turn out to be the most profitable.
Slush: One of the largest pools and very popular among miners.
ViaBTC: It has been around for well over a year now and mainly targets chinese miners.
BW: It mines 5% of all the available blockchains and is based in China.
BTCC: Another chinese based mining pool that mines around 7% of all mining blocks..
Antpool: Mines at least 25% of all blocks, is based in China and owned by Bitmain.
As you can see, Hashflare has a number of different mining pools. Anyway, after the final stage you will receive cryptocurrencies as per your share of hashrate in the platform. Payments are done on a daily basis. Once your payment is verified, you are all set to receive your payment in 24 hours.
Overall, Hashflare is without a doubt the top cloud mining service. If you have been into mining for a while or about to get into mining then opting for Hashflare will turn out to be a great decision for you.
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