Cloud mining is a new concept, in which the user receives profit without high risk of losing invested funds, namely: mining cryptocurrencies on remotely hosted equipment. Same as with usual mining, cloud mining connects mining power to pools for the purpose of receiving larger rewards due to common efforts of all hashrate connected to the pool, as opposed to solo-mining. However, cloud mining implies that the equipment is already connected to an array of pools, the user only needs to select which pools to connect the available hashrate to.

HashFlare was launched in the beginning of 2015. Essentially being an alternative to real mining, it allows the user to forget a number of troubles related to physically working with the equipment. This includes but is not limited to: high electricity costs, connection problems, proper cooling, high noise levels and shipping times.

High-quality equipment by HashCoins allows the mining process to achieve maximum efficiency and makes the contract prices become affordable. At the current time, forecasts show there is enough time to receive a decent return on investment (RoI).

HashFlare provides carefree mining on HashCoins' equipment. As with many other services, HashFlare offers special features. For example: hashrate allocation to pools - once in 24 hours the user is able to select up to 3 pools to connect to and what percentage of hashrate to use in the selected pools.

The service offers a beneficial partner (referral) program which allows the user to receive additional funds from inviting new users. The referral reward is 10% of any referred user's purchase.

The latest updates to the service include reinvest (mined funds are automatically used to purchase more hashrate) and 2-factor authentication - additional layer of security for user's funds and data.

Company objectives include making mining simple, accessible and affordable to both new and advanced users, all via HashFlare. Another important aim is promoting cryptocurrencies, their mining and the blockchain technology.

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