Users on Estonian-based cloud mining service HashFlare were informed over the weekend that SHA-256 contracts are now out of stock. Subsequently, the company has temporarily suspended purchases of SHA-256 contracts until the next hardware delivery to its data centers.
The HashFlare team stated:
“At the end of this summer, the cryptocurrency mining market experienced many changes which resulted in some uncertainties. With booming interest towards cryptocurrency mining, our data centers were torn apart by mining enthusiasts, resulting in a shortage of available SHA-256 hashrate.”
“Lack of available hardware on the market also influenced the prices for such hardware, including HashFlare contracts. However, price changes did not mitigate the constantly increasing demand, thus resulting in SHA-256 going out of stock.”
All orders that were created prior to disabling of contract sale will become activated upon the payment confirmation. Further, SHA-256 reinvest will also be disabled until new hardware is installed.
SHA-256 CLOUD MINING SPECS:
SHA-256 Algorithmic Miner
Minimum Hashrate: 10 GH/s
Maintenance fee: 0.0035 $ / 10 GH/s / 24h
Hardware: HashCoins SHA-256
Automatic payout in BTC
In Stock
1-year contract
$2.40 per 10 GH/s
the genesis mining has undergone a period of changes, but it has nevertheless honored the life contracts … if there is no sha256 equipment that arrives for all is not sold! the hashflare dishonored its investors, putting an end to the lifetime contracts claiming not to have equipment … but continued to sell sha256 contracts for some
Companies are no longer able to keep up with the demand. That is a good problem to have. (scalability) the bad problem to have is your customers feeling screwed over, by changing their policies abruptly they did just that. nothing to say really 🙁