The current situation in cloud mining industry in Hashflare a few days ago we reached the point when maintenance fee is higher than the payout!
So now it doesn't matter how much Hashpower you have in bitcoin cloud mining contracts your maintenance fee will be more than 100% of your mining per day because Hashflare is counting fee in USD ($0.35 per TH/s) that result in the payout from day mining is less than the maintenance fee.
Check This Screen 😁
The funny moment is they were trying to sell us more hash power just a few days ago they decree price for bitcoin mining contract to sell more ''very profitable contracts''
Just a few angry comments from Twitter:
''The problem with Hasflare they never listen to their customers. Maintenance of 85% we might as well just give you our money.''
''new price is $60 USD per TH ... 100TH would be 6000$ .. so lets say your daily forecast is 45$ , hashflare will subtract around 35$ in fees.. and you get 10$ with current price and difficulty... just BUY BITCOIN everyone until they lower their fees''
''How about never invest there anymore 😁''
Twitter is full of mad comment when they invested more than $10k - 20k and now they are receiving nothing!
And This is the Message From Hashflare Team 😄
''Because of the current market situation, with the latest spike of mining difficulty exceeding 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline, the payout was lower than the maintenance fee, which resulted in the balance not increasing and remaining the same. We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible.''
That is a True Risk of Crypto Currency!
That is was my Experience of $700 in Hashflare Cloud Mining!