This story is from https://bitcoinnews.com/, read the full article at https://bitcoinnews.com/hashflare-cloud-mining-service-terminates-all-bitcoin-mining-contracts/ HashFlare was one of the most popular services offering Bitcoin cloud mining until they abruptly terminated all Bitcoin mining contracts on 20 July 2018. Apparently, there is a clause in their terms of service that if maintenance and electricity fees become higher than mining revenue then they have the right to permanently terminate mining contracts. HashFlare claims that as of 18 July 2018, Bitcoin mining had been unprofitable for 28 consecutive days and they began disabling SHA-256 mining hardware on that day. And now, they are claiming that all of their mining equipment is shutoff and obsolete for the time being.
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