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Hashflare Drops Bitcoin Mining Contracts As Profitability Dwindles

Hashflare, one of the most prominent cloud mining service, recently made an announcement that it would begin to turn off their SHA-256 miners starting on July 20th, as a result of rapidly declining profits. For those who are unaware, cloud mining is a mining system that allows third-party users to rent out or purchase hashing power from a mining firm, with the consumers thereby receiving the…
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