Now a days cloud mining services are more popular in cryptocurrency market than coins. We all have some cloud mining contracts but do you really know that they are making more profit than us? Let me explain
If you look at hashflare contracts, they selling their hash power for Btc contract at $2.2/10ghs and there is a maintenance fee. If you calculate that you can see when btc price going down they deducted maintenance fee with pair of dollar and the amount is huge form of btc and if you see at the pool chart you can see the mining amount is total fees + 12 btc or above as mining reward where the extra amount goes? There so much problem with hashflare the withdrawal amount is soo big you can not withdraw if you investment amout is small. second thing you can not trust these companies because if there anything happen your all amount is gone with your mining rewards and your investment. Its always a clever idea to buy some good coins like steem,ether,btc,bch,verge,xmr and zec hold it for at least you get 50% of your gain and if you want to sell then you can but holding these coins gives you more profit than mining these days.so be wise calculate your profit, look what is thier mining fees and minimum withdrawl amount and investment packages it will give you an rough idea how much you have and can i make some profit and out of the contracts with profit.
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