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What is Hashflare?

Hashflare is a cloudmining service

HashFlare is a department of HashCoins, a company that develops software for cloud mining and maintains equipment in datacenters.

Hashflare is a cloud mining company that is a part of Hashcoins. Hashcoin is an ASIC manufacturer. Hashflare started in April 2015 and operates with in EU, from Tallinn. Cloud mining means they sell mining hardware and also they run it for you. You pay maintenance and electricity. Hashflare is among the largest and most popular cloud mining companies.

HashFlare makes cryptocurrency mining accessible to anyone for an extremely low entrance point, meaning that anyone can try out a contract on a small scale to test the system says Milosz Digital Consultant from Chilli Fruit Web Consultant.

HashFlare makes cryptocurrency mining accessible to anyone for an extremely low entrance point, meaning that anyone can try out a contract on a small scale to test the system. Furthermore, Mining is not the only way you can earn with HashFlare, you can also profit from an affiliate agreement.

HashFlare’s mining equipment is stored in a hi-tech facility, design to house and host cryptocurrency mining equipment, which is kept within the best temperatures to ensure the longevity of the equipment and its performance. Furthermore, HashFlare contributes to decentralization by allowing you to choose between multiple mining pools.

Special thanks to Bogdan senior developer from Bluebird accountancy and Hal from Churchill Knight Umbrella for their great insights on this subject.

HashFlare

What is cloud-mining?

Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power

This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner. There are many cloud mining scams.

Source: Wikipedia

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