As a rule, you need to complete registration in order to get started with HashFlare. However, before you do that, it is recommended that you sign up for a personal BTC wallet to be able to withdraw your funds. This can be done later on, although its better to have the wallet ready to be on the safe side. Registration entails a standard form with email confirmation.
The process includes taking the following steps: choosing the package and defining the capacity to be purchased as well as the funds you need to complete a purchase.
There are different ways to pay for the capacity you need. You can pay with bitcoins or with your credit card (this option seems to be the most convenient).
After that, you need to provide the details of the wallet you will be using to store the cryptocurrency that you are about to mine.
To do so, create your personal wallet. Once these steps are done, you will only have to track the daily flow of incoming funds along with the subsequent withdrawal of these funds to your wallet.
A lot of people with vast mining experience believe an immediate withdrawal of cryptocurrency to be a mistake. However, it is quite difficult to resist this temptation, particularly so if this is the first money you have earned with the service. If you are not in the immediate need of the funds, consider investing your revenue in additional capacity which, in turn, can provide you with a decent income in the future. However, note that this is just a recommendation and you should make your own decision as to what your actions should be in each particular case.
Once you are done with the registration, you will be redirected to the admin panel with plenty of options. The first thing to be done is to buy power. To make a purchase, click on “Buy hashrate” button in the left-bar menu.
You will have to decide what kind of capacity you need to buy, for example, SCRYPT or SHA- 256. Once you have made up your mind, you will see a new page opening where you can use a slider to specify how much capacity you wish to buy.
Once you have selected the volume of capacity, click “Next”. You will be redirected to the page containing the details of your order. Click “Choose a payment method” at the bottom of the page and pick preferred payment method.
Payment methods are quite limited and most users prefer to pay with a credit card.
That done, capacities hit your account and start generating revenue right after you pay for your order. Usually, the first funds come through after 00:00 UTC, although sometimes money may come through a day later. As a rule, the timing is not so important.
Receiving and withdrawing funds
There are a lot of ways to add funds to your account within the system. When purchasing a new contract, you can pay for it with:
● cryptocurrency from your personal BTC wallet;
● funds from your HashFlare account;
● any credit card;
● bank/wire transfer directly in the bank office or using a debit card of any payment system;
Usually, the funds come through immediately, although a 2 to 3-hour delay may occur. The service only supports money withdrawal to the BTC wallets. It should be noted that the withdrawal of funds is done manually.
To receive money, enter your personal wallet address and proceed to the corresponding menu to specify the required amount.
Providing that there are sufficient funds required for a minimum possible withdrawal, you will get an email with an active link. Click the link to receive the payment. Typically, the money comes through in 15 minutes to 12 hours. The exact timing depends on the number of transactions Bitcoin (BTC) blockchain is processing at the time.
Withdrawing funds with HashFlare: things to know about
Due to the fact that automatic payments are not supported, you will have to confirm each application manually. When withdrawing the money through the Bitcoin blockchain, users are charged a 0.0002 BTC fee.
Should you decide to change your wallet number, withdrawal of funds will be temporarily frozen to protect you from unauthorized access to your account, typically for two weeks. Upon expiration of this period, a new account will be automatically available for the withdrawal of funds.
Withdrawal fees vary from 0.0002 BTC to 0.0006 BTC. The exact number depends solely on the workload of the BTC blockchain and has nothing to do with the amount of funds.
The money will hit the wallet without any amount restrictions in 24 hours but it usually comes through in 30 to 40 minutes. The frequency of withdrawal is limited to one withdrawal in 24 hours. Additionally, you will need to authorize withdrawal via email for security reasons (just like you do when changing your wallet).