Bitcoin mining company Hashflare has claimed another cut in the cost of energy needed for its operations.
It announced to its users that the Maintenance and Electricity Fee (MEF) has been slashed by 25%. As was the case last month, Hashflare slashed its energy cost to enable its miners to earn more profit.
It says via email:
“As a result of our work, we have managed to reduce the MEF for SHA-256 contracts by additional 25%, from 0.006 USD per 10 GH/s to 0.0045 USD per 10 GH/s. We are sure that there are greater results to be achieved in the future.”
Dwindling lack of interest
Despite mining software companies reportedly working to reduce costs of Bitcoin mining to keep their businesses afloat and profitable for miners after last month’s block rewards halving, attention to their operations seems to have shifted of late.
Aside from the halving, recent reported cases of mining scams could also have contributed to the dwindling lack of interest. This could be why companies like Hashflare are seeking to incentivize their services to maintain their existing number of clients or attract new ones.
In addition to the energy cost cut, Hashflare also announced a discount for its SHA-256 mining contracts which go for $1.60/10 GH/s.
“Along with the MEF reduction, we are also offering a 10% discount on SHA-256 contract purchases starting from 1 TH/s. We would also like to remind you about the 20% discount on ETHASH contract purchases starting from 1 MH/s.”
ETHASH is for Ethereum cloud mining.
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