What happens to your investment if hashflare contracts expire?
I was checking my investment in Hashflare and there has been no revenue since the 9th of June. I really wasn’t concerned until I found out that after 21 days with no profit, Hashflare automatically expires your contract. I have only been invested a couple months and I have been reinvesting automatically. Since Bitcoin has been going down, I have actually accumulated another TH in 2 weeks. I was so excited 😆. But with the difficulty rate going up, and the price of bitcoin being under 8,000, the maintenance fees are eating up everyone’s profit. The Hashflare site says it is working on a solution, and I don’t think it’s an exit scheme. But I wonder if we will get a portion or all of our investment back because they have not completed their part of the contract, providing a year of service. I know that this a risk of investments, but what if a company doesn’t hold up their end of the deal?
Congratulations @mstila! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of comments received
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Russia vs Croatia
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Congratulations @mstila! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!