Yep, this is true according to their official facebook page: https://www.facebook.com/hashflareb/

A dire situation to be in for sure as an investor. This is why I don't believe in cloud mining whatsoever. You don't know whether they are being honest, or using this as an excuse to not pay out anyone. All the statistics are on their side, and they can manufacture payout stats and all that once you invest.

Plus, you have no flexibility whatsoever as an investor. If you just invested in bitcoin itself, you can still hold until the bear market is over. But with this contract that they have, you're guarantede to lose money. Idk what you can do in this situation, honestly. Because they've got all the control over your funds.

Not to mention that Hashflare has been shady af with cutting down contracts from lifetime to 1 year, and this is just adding to their untrustworthiness. Don't invest with them at least, but I'd say cloud mining in general is a no-go.

There is always the risk involved with mining and yet cloud mining is no exception. I have never tried hashfire nor any other provider out there in the past but what seems to me is that it is hard for them to keep clients to be satisfied on one end and on another to make profit. Well if dificulty goes more and price don't increase much they might close at the end of the day if they don't succeed to pull this though.

Try to wait for the price of bitcoin to increase in value, currently the value of bitcoin is much lower and not only there but all of the miners are getting less income from their mining. If the price of bitcoin will increase then you will get some profit from there.

Many of the mining companies stop getting income from the mining at the time when the price of bitcoin decreases. Remember the time of 2013 when the price of bitcoin started to decline many of the cloud mining websites stop their work and shut down. After 2016 when the price increase some of them started their business again.

People are ignorant and too stupid to understand that it is nearly impossible to generate worthwhile passive income in this industry. Everything promising you high rewards is mostly a scam by default.

The only somewhat viable way is to get involved in certain lending platforms that in return for your coins you get a certain percentage interest, but the viable aspect makes it very low rewarding. Low risk equals low reward.

This isn't the stock market where you can park your capital in dividend stocks. The only dividend alternatives in this industry are POS coins, but these only tend to lose value, which makes your dividends worthless.

People are complaining about the hashflare payouts whether they are saying the problem is maintenance fee and this not the case to consider. The main reason is they are not getting more investments from the investors and this makes them fail to pay the payments. Soon another cloud mining going to become scam.

Mining as a whole at this moment in time is extremely risky as difficulty's going continually higher on all chains and coin prices keep going on a downward swing- I'm not even going to take a look at mining gear in the near future unless things change with pricing. GPU profitability's continuing to slip and the time to break even on most GPUs are near or over a year at $0.10/kWh, FPGAs and ASICs are being developed left and right for every profitable algo imaginable, and it's just a shitshow in general for mining with the incredibly high risk that's present right now. I love mining, but I'm likely going to switch to temporarily just buying coins instead of investing into new gear.

$100 isn't a very significant amount of money to lose (and I'm not taking the coins you managed to withdraw into consideration) if you learn a lesson here and stop gambling by putting your money into cloudmining. In the future, consider buying and holding coins or find ways to get gear hosted if you're unable to mine at home. In cloudmining, only the seller of hash wins and not you- in a situation where the hash seller actually mines, having people purchase cloudmining contracts offsets the risk of mining onto you, the purchaser, instead of the hash seller.

Passive income and with less work, No human would really refuse to that offer this is why fools would always exist if most of them already learned doesnt mean the cycle wouldnt continue. New people recruits other people would still continue the chain. They are being fed up thats why they do exist for scam cloud minings continously. We arent lacking for keeping advice and warnings but people are too hard headed they do only realize when they already lose up money.

Hell everbody

I want to report abuse in work and cheating  from company  HashFlare ( website: Hashflare.io ) too.
The way they cheated me, and i am believe that i am not only one, it is for police investigation.

I invested $ 3,000 into Bitcoin Cloud Mining on a one year.
But after 6 months, I get messages that their costs are higher than earnings and
that we can not earn more from mining. If it is correct, let the company declare bankruptcy.
Likewise, if company can not mince Bitcoin, let to switch to another crypt that is cost-effective.

If I bought a btc directly, I would have 0.3, but I did not even reach half with mining. And yet, they have been prevented from further mining, it is criminal.

In this moment I am lost $ 1700 in this company as well as many others.
They steal every day on existing clients and newcomers
who do not know they are scammers and what awaits them.

We was accept the risks of changing the value of crypts,
but that their negative business breaks on our back, is unacceptable and criminal.

We need to report this case police.

This is why I stop investing in cloud mining because instead of making a profit for your investment you end up losing your investment I hope that new comers can think deeply before they invest in cloud mining if you have that large amount of money why you still invest in cloud mining? You can build your own mining rig or you can buy an ASIC miner with this amount of money. The only solution that I know for now is to request a refund of your investment if they don't give all of your investment this is another scam just like what happened to scrypt.cc and other cloud mining site. I hope you learn right now and be smart when dealing online instead buy your own hardware to mine bitcoin or altcoin to make you profit without needs of any cloud mining.