Founded in Tallinn in 2014, Estonian Hashflare has been providing cloud mining services to people since early 2015. Hashcoin, which is the technology behind hashflare, has been dealing with blockchain hardware and solutions right from 2013. This technology has been producing up to ten thousand ASIC mining devices used for mining Litecoin, Bitcoin, and other cryptocurrencies.
The partnership between Hashcoins and Hashflare makes sure that there is constant development of new mining hardware that is equipped with the latest blockchain technology.
Coupled with financing from the company’s personal share capital, other special investors also contribute supplementary funding to the start-up.
The Hashflare founders, Ivan Turygin; a Business Administration degree holder with several years of experience in cryptocurrencies, and Sergei Potapenko; also a Business Administration degree holder from the Tallinna Technical College, both happen to be Estonian Digital Entrepreneurs.
Asides managing Hashcoin and Hashflare, Ivan Turygin is also the CEO and Founder of an Estonia based consultation agency known as Burfa Capital. And, Sergei Potapenko also runs a company, with a much more different profile than cryptocurrencies, which deals in the importation of redwood pine for the United Kingdom market.
To ensure maximum hashpower capacity without the threat of overheating, Hashflare miners are situated in a modern hi-tech facility, where they constantly monitor the room temperature to make sure they meet up to the industry standards.
How does Hashflare work?
With hashflare, cryptocurrency mining has never been more accessible. It doesn’t require you to buy complex and expensive mining tools. Its aim is to make cryptocurrency mining easy to access for all users all over the globe no matter your background or age. All you as a client need to do is, select a suitable hashpower and begin to generate your revenue immediately using the Hashflare cloud mining service.
Unlike the time of traditional hardware mining of Bitcoin, Hashflare brings predictability of earnings with cloud mining. Starting from a hashrate of as low as 10GH/s, new clients do not need to invest too much funds when they are joining the cloud mining business.
AltCoins and Services offered by Hashflare.io
With hashflare being a cloud mining platform, it supports cryptocurrencies like Litecoin, Bitcoin, Ethereum, Dash, and Zcash.
The GPU equipment that Hashflare provides have Scrypt, Ethash, X11, Equihash, and SHA256 algorithms all running on it. All mining contracts available on the platform run for 1 year.
Pricing and Fees Schedule
Providing cloud mining services for 5 different algorithms, the pricing fees on Hashflare are tailored for individual cryptocurrency. These prices start from as little as $1.20 to as much as $1000.
At the end of 2017 these clouding mining fees are based on hashpower as follows:
- Bitcoin with SHA256 algorithm goes for $2.20 per 10 GH/s
- Ethereum with Ethash algorithm goes for $2.20 per 100 KH/s
- Litecoin with Scrypt algorithm goes for $7.50 per 1 MH/s
- Dash with X11 algorithm goes for $3.20 per 1 MH/s
- Zcash with Equihash algorithm goes for $2.00 per 1.0 H/s
User Experience on Hashflare.io
With a start page that provides all the essential details on the cloud mining services offered by Hashflare on its spaced themed website, users can easily go through this friendly interface and get all the information they need.
The Hashflare website is designed with 11 different languages, asides English, which are; German, Russian, Portuguese, Customers, Japanese, Turkish, and the Greek. This way, customers can easily go through the website pages no matter the language they speak or understand.
With hashcoin, hashflare has a strong hardware background with cloud miners. They offer cloud mining for five different digital currencies, with contracts lasting up as long as the mining activity is profitable for both litecoin and bitcoin, after the maintenance fees have been settled.
Hashflare is a great cloud mining choice for users who want to try out digital currency mining but don’t want to go all out and invest a lot of money upfront as the minimum plan on Hashflare is $1.20. However, as a result of their pricing structure, cloud mining on a larger scale can be more expensive on Hashflare.