Hi guys,
I'm a newbie into bitcoin mining, but yesterday I thought that was a good idea to invest into cloud mining.
I bought 1 TH/s from HashFlare for 330$. Today I saw the payment history looking like this :
Entry Time Amount (BTC) Balance (BTC)
SHA-256 payout 31.01.16 00:14 0.0043489 0.0043489
SHA-256 maintenance fee 31.01.16 00:14 0.00262628 0.00172262
After 1 day of mining I receive 0.00172262 Bitcoins. ~ 0.65$ at 376.57$ priced today. In this condition I can recover my money in ~ 507 days . Considering that difficulty is growing fast I can't even recover my money unless BTC/USD will be better. I sent an email to HashFlare to cancel my order and return my money. I hope everything will be ok.
I will announce you how they treat people in this situation.
Well I think you should have known the risk that comes with this kind of investment. It is a pain, that with the increasing difficulty your income decreases. I bought into GigaHash about a year ago and my roi reached 48%. But with the increase of the difficulty my daily earnings went down from 0.0003 to 0.0001. So i'm getting 0.08% a day. My roi is now 1080 days. It's far into 2018. A wonder has to happen to achieve my roi. It's the sad truth, that you either have free electricity or you will hardly make any money. Referrals are always an option you may consider to achieve a faster roi.
But HashFlare is enrolling new Miners to reduce maintenance fees. So maybe your roi is getting better in the next days/months.
I you don't get a refund maybe you should consider selling your account in the trading section of this forum.