Cloud cryptocurrency mining service HashFlare announced July 20, that it is stopping mining services and shutting down hardware on current SHA-256 contracts due to difficulty generating revenue.
HashFlare is a cloud cryptocurrency mining platform founded in 2013. Cloud mining is a system where a user purchases a portion of the mining power of hardware hosted and owned by a cloud mining service provider. The service provider configures the hardware, maintains uptime and selects the most efficient and reliable pools.
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