How To Invest in cloud mining Hashflare.io

About Hashflare

The Estonian Hashflare is has been founded in 2014 in Tallinn and providing cloud mining services since the beginning of 2015. The technology behind is powered by the HashCoin team that is dealing with blockchain solutions and hardware since 2013. They have been producing ten thousand ASIC miner devices for mining bitcoin, litecoin, and other digital currencies. Hashflare partnering with HashCoins ensures continuously developing new mining hardware that is up to date with the newest blockchain technology. The innovations are financed from the company’s own share capital, but they also have special investors who provide additional funding to the startup.

The founders of the company are two Estonian digital entrepreneurs. Ivan Turygin has a Business Administration degree and has several years experience in cryptocurrencies. Beside running Hashflare and HashCoins he is also the founder and CEO of Burfa Capital, an Estonia based consultation agency. The other founder of Hashflare is Sergei Potapenko also has a Bachelor’s degree in Business Administration from the Tallinna Technical College. Beside Hashflare he is owning a company with a much different profile: Siberian Timber, that is importing redwood pine for the UK market.

The Hashflare miners are located in a hi-tech, modern facility, where the room temperature and moisture are constantly monitored according to industry standards. This ensures maximum hash power capacity without the danger of overheat.

How to Buy a Mining Contract

Part 1 - Create an account

We are going to show you how to buy a Hash power for Bitcoin mining but HashFlare also provides contracts for Bitcoin, Ether, Litecoin and Dash.

Step 1: Click here to register an account with Hashflare


Step 2: Enter your account information and click "Register"

You will be taken to your Dashboard. This is where you will perform all Mining related operations and where you'll be shown all relevant announcements. We can see in the announcements that we need to confirm our account and to provide a withdrawal address, so let's get to it.

Step 3: In order to be able to withdraw funds, confirm your email address

Step 4: Now we need to add a Bitcoin address to receive payments. Click "Settings"

Step 5: Enter your Bitcoin address in the correct field (1) and click "Save" (2)

Part 2 - Buy hashing power

Step 1: Now it's time to buy our Mining Contract. Click "Buy Hashrate"

Step 2: Select your algorithm. Bitcoin uses SHA256 so we'll choose that. (Litecoin uses Scrypt, Ethereum uses Ethash, and Dash uses X11)

Step 3: Drag the bar to select your hashrate like so:

Hashflare allows users to enter the world of mining for as low as $1.20, so we'll try that out. We can move to a higher hashrate later on, the price always stays the same.

Step 4: (Optional) If you have a preferred mining pool, you can scroll down and click the mining pool settings

Step 5: (Optional) Drag the bars to choose your preferred pool settings and click "Save"

Step 6: After you've chosen your desired mining power, click "Proceed"

Step 7: (Optional) If you have a promotional code click "Redeem code" to redeem it

Step 8: Now click "Select Payment Method"

Step 9: You will be shown many options like bank transfer, credit card and even Emercoin (EMC), but we're going to choose Bitcoin (BTC) as usual

Step 10: Agree to the Terms & Conditions (1) then click "Confirm" (2)

Step 11: You will now be taken to a Bitcoin payment processor, Cryptopay. Click "Pay With Bitcoin"

Step 12: Now send the correct ammount of Bitcoin (1) to the Bitcoin address displayed (2). You can also click the "Pay BTC" button if you're using a desktop wallet.

 You are an official cloud miner, now just sit back and watch the block rewards roll in.

sources:

https://www.cryptocompare.com