With the recent halving many cloud mining services have lost their profitability and have purely passed the loss onto their users. Hashflare have upgraded to more efficient devices to keep your ROI worth while.
This is the message to the clients: "Dear users,
We would like to remind you that on Saturday, July 7, Bitcoin mining reward was reduced by 50%. This process, namely halving, is a part of Bitcoin system script and occurs every 210 000 blocks. The previous halving was 4 years ago and the block reward went down to 25 BTC from 50 BTC.
The halving has occurred on Saturday, approximately at 20:30 (UTC+3). This means that the whole Bitcoin network started getting a reduced mining reward. This was also reflected in the payout you have received on Monday, July 11.
However, our team has been getting ready for this event for a couple of months already. We are happy to announce that we are currently preparing and installing new, more energy-efficient SHA-256 hardware.
We are putting a lot of effort from our side to keep BTC mining profitable. In the nearest future we will be able to reduce the cost of electricity, lowering the electricity fees in HashFlare as a result.
We work hard to make our service better and we hope that our efforts make your cooperation with us more profitable and enjoyable.
Sincerely,
HashFlare Team"
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