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Trust Rating
HashFlare is the newest cloud mining company in the industry, and as mentioned above, they offer both SHA-256 and Scrypt mining services. Since they are so new, they don’t have a long track record for payouts, but after one month of using their service, I have not had any issues. They do provide a physical address for their company, and they list their team members – with photos – on their website, which is reassuring. Another nice feature they offer is the ability to switch mining pools, although as with most cloud mining services, there is no evidence that a contract is mining at a specific pool.
Although they have shared photos of their Scrypt mining operation, as well as their data center, to date they have not been able to provide photos of their Bitcoin mining operation. A representative explained that “racks with Apollo looked not so nice as racks with Ares,” but in my opinion, they should ask one of their techs to snap a few shots of the miners, no matter how bad they look. 1 PH/S represents over 900 Apollo V3s, which means they should have about 90 racks of 10. I’ll increase their trust rating once I have concrete evidence of their mining capacity. So please take this into account when viewing their overall review and score.
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