20/02/19 07:28 UTC-4

Mining: Hashflare service failure

Mining: Hashflare service failure
Hashflare mining service failure

On the morning of February 20, the site of the Hashflare service stopped responding and resumed work only for the dinner of the same day. Reasons for missing access to the site are not yet known.

On the official website of the parent company there is no information about the closure of the subsidiary service, and the last published financial report dates to 2015-2016. Management of service has not yet made official statements.

Interesting in the section: HashFlare: overview of the Cloud-Mining Service


Hashflare cloud-mining

Recall that the Hashflare service is a system for cloud-mining of cryptocurrencies with a client base of about 450 thousand people (legal and physical) and support for several data centers. The service is a subsidiary of HashCoin (an Estonian manufacturer of asics). Hashflare was founded in 2015 and since then it has repeatedly yielded to criticism of depositors due to late payments.

Interesting in the section: NiceHash: overview of the Cloud-Mining Service

It is not known whether the Hashflare miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
service’s failure
is related to the company's problems. Hashflare worked with such cryptocurrencies as Bitcoin, Litecoin, Dash, Ethereum, Zcash, etc. The hashingHash
(hashing) – a cryptographic term that means changing the input data of different sizes into the original data of a clearly defined size, using a special mathematical algorithm.Details
powers offered by the service: SHA-256, Scrypt or Scrypt-N, starting at 10 GHz/s. Recall that in July 2018, the service was already closed for several days. Then the organizers explained the incident by updating the database.

Editor: Alyona Nabok

See also: "Difficult times for Bitmain: new loss information"

#mining #cloudmining #HashCoin #Estonia #Hashflare #failure



19/02/19 06:00 UTC-4

Difficult times for Bitmain: new loss information

​Representatives of the Bitmain cryptocurrency company reported that in the third quarter of 2018 they lost more than $ 500 million due to the fall in the crypto-market and active sales of digital assets, as reported by Coin Desk.

Hypes, funds, fiat money