Faqs

Frequently Questions

How long does the contract last? SHA-256 and SCRYPT contracts last 1 year(365 days) and are subject to maintenance and electricity fees (MEF). ETHASH, EQUIHASH and DASH contracts last for 1 year (365 days) and are not subject to any fees. Submit a request
To start mining cryptocurrency using HashFlare cloud mining service, you will need to create an account by registering on the website. Registration is fast and simple: enter your email address to be used in the system (you'll see a message asking you to verify your account in your email inbox), your country, password and date of birth. After filling in all the necessary fields, click the “Register” button to go to your account’s Dashboard where you can find the latest news and tips on how to start using the service and an overview of your mining statistics. You can perform all essential operations from your account’s Dashboard. There are also additional tabs on the left-hand panel. Please read more about these tabs below. Buy Hashrate Tab This shortcut allows you to immediately start buying hashrate necessary for mining the cryptocurrency of your choice. HashFlare offers the following types of mining contracts: SHA-256, Scrypt, ETHASH and Equihash, which are used to mine Bitcoin, Litecoin, Ethereum, и Zcash respectively. In order to buy hashrate, choose the required amount of hashrate (1) using the scrollbar. When moving the scrollbar, you will see the price for your purchase calculated in USD or BTC in a special box below the scale (2). RIS6.jpg After selecting the desired amount of hashrate and clicking the Proceed button (3), you will be forwarded to the payment page, where you can adjust the amount of hashrate that you wish to purchase, redeem a discount code, view your final purchase price, cancel or make a payment. Screenshot-at-Apr-04-16-42-06.jpg To create a purchase, click “Select payment method”. HashFlare service allows you to choose from several available payment methods: BTC transfer paying an invoice in USD via bank transfer Credit Card Payeer Pools & Revenue You can allocate the purchased hashrate between a range of available Pools by adjusting the ratio according to your personal preference. A pool is a server used by miners to share their processing power over one network where the block reward is split in accordance with the amount of work each participant has contributed to the process. Different combinations of pools result in different amounts of income. You can select up to three pools at a time, but hashrate can only be distributed once every 24 hours. To select the desired pools, click the gearwheel icon (1). In the opened pop-up menu you can distribute the hashrate between available pools using scrollbars (2). On the right, you can see the percentage of hashrate allocated to each pool. Here you can also remove pools (3) or add new ones from the list of available options (4). To activate the selected settings, click Save, or click Cancel (5) to discard all changes. Screenshot-at-Apr-04-16-43-14.jpg You can see your estimated revenue next to the pools. The system records the allocation of pools, which is taken into account when calculating your payouts. These statistics are updated daily. Revenue per 1 TH/s shows an approximate amount of your daily payout, depending on the selected distribution of hashrate between pools. This value is updated daily. Revenue forecast shows your revenue in BTC, ETH, ZEC (depending on the type of cryptocurrency you mine) and in USD per day, per week, per month, per six months and year. The values are approximate, as the calculations depend on the cryptocurrency rate and the difficulty of mining, which are volatile. Please note that these values do not include maintenance and electricity fees. Withdrawals & Wallets To withdraw your earned funds, click Withdraw in the Balance menu. Please note that you may perform a withdrawal only if you have the minimum withdrawal amount of cryptocurrency available on your balance, as well as the corresponding wallet address registered to your account. You can add the desired wallet address via your account’s Settings. The following links will provide more information on how to: Create a Bitcoin wallet Create an Ethereum wallet Create a Zcash wallet Screenshot-at-Apr-04-16-43-42.jpg Reinvest In addition to withdrawal, the Reinvest function is available for Scrypt and SHA-256 contracts, which allows you to automatically reinvest BTC. Upon activation of this function, all your available balance in BTC will be used to purchase hashrate. After every payout, the system will check if your Balance is sufficient to purchase at least a minimum amount of hashrate (10 GH/s for SHA-256 or 1 MH/s for Scrypt). If it is, then the purchase will be created and confirmed automatically. To enable the Reinvest function, select the type of hashrate that you wish to reinvest in and click Save. To disable the Reinvest function, select the Do not reinvest option from the drop-down menu and click Save. Screenshot-at-Apr-04-16-44-07.jpg History Tab Your complete payments history, as well as your contracts, purchases, withdrawals, logs of all balance activities (payouts, maintenance fees, etc.) and the full history of changes in hashrate allocation, are stored here. You can change the number of records visible on one page, sort them or search for specific ones. Settings Tab In this tab, you can add addresses of your BTC, ETH and ZEC wallets that you wish to use for future withdrawals. Here you can also set your avatar, change your personal and contact information, email address or password, and enable two-factor authentication. Activated two-factor authentication along with complete personal and contact information enhance the security of your account. Please note that changing such data as your password or wallet address will automatically put your account on Hold for the next two weeks. During this period you will be unable to withdraw funds from your balance, as this is a necessary preventive measure against possible account theft; however, your mining will not be affected in any way. Help Tab In this tab, you can send a request to our Help Desk or go to the FAQ page. Submit a request
It’s easier to pull down than to build, and to spend than to save up. If bitcoins are not a long-term investment for you, but rather a fast way to earn money, then it’s highly likely that you have already asked yourself: “How and where can I spend the cryptocurrency I mined?” To answer that - the easiest way to spend your cryptocoins is not to spend the coins themselves, but to exchange your virtual assets to fiat currency, e.g. using good old ATM machines (you can find the nearest ones using this link), or by ordering a special card which will convert your funds. Currently, there is a number of debit cards that you can easily top up by transferring funds from your bitcoin wallet, and this method of spending your bitcoins can rightly be called the most convenient one. The main advantage of these cards is that they give their owners a real opportunity to make purchases anywhere where the more traditional VISA and MasterCard are accepted. For example, Cryptopay is already offering their own cards, and is also planning to launch an updated and more convenient credit and debit card system by the end of the second quarter of 2018. The advantages of Cryptopay’s new cards include high processing speed when purchasing bitcoins and full protection of one’s cryptoassets (Cryptopay uses highly secure wallets and keeps your bitcoins in cold storage until you decide to spend them). The short time it takes to transfer BTC to your personal bank account, with a minimum transfer fee of just 0.09 EUR, is also a big plus. In case you are an advocate for spending bitcoins in their natural state, we can offer you a list of services, goods, places and companies that accept cryptocurrency as a method of payment, at the time of writing this article (June 2018). Amazon.com, or more specifically, indirect purchases on the website, e.g. via Purse.io service, by means of which you can purchase any product on Amazon using Bitcoins. The principle of work is simple: the service brings together people that wish to purchase something using bitcoins with people that wish to buy bitcoins themselves and are willing to make a purchase in the website’s store. Such services allow one to receive a significant discount, but can only be used at a limited number of stores, and making a purchase could take significantly longer when compared to making a direct order. However, it is quite possible that Amazon will start accepting bitcoin directly in the future, as talks on the subject have been ongoing since the beginning of the year. Gift cards - Gyft and eGifter services will allow you to purchase gift cards using bitcoins, which could later be spent at one of the retailers that cooperatу with these services. Online auction purchases, e.g. on eBay. Travel opportunities and airline tickets via Expedia, CheapAir, Surf Air and airBaltic. Apps, movies and music at Microsoft Store. Albums from selected artists, such as Björk and Imogen Heep. Charity - cryptocurrency donations could be made directly to Heifer International and Autism Speaks, or via websites such as BitHope, BitGive or Fidelity Charitable. Various offline-stores - you can find the closest ones on websites such as SpendBitcoins and CoinMap. Beauty treatment - Manhattan based plastic surgery clinic bodySCULP will happily accept your cryptocurrency. Food - fast food chains like KFC, Domino’s Pizza and SubWay; Burger King in the Netherlands. Anything your heart desired in the Land of the Rising Sun - Japan became the first country in the world that recognized bitcoin as an official means of payment. Special offers for bitcoin Millionaires: An island via Private Island Inc. Space travel with Virgin Galactic. Gold ingots via Sharps Pixley, APMEX and JM Bullion. Submit a request