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.
With your calculations, it will take nearly 17 months to reach ROI on your investment! This without any reinvestment! If you reinvest some of your payments, you will have a faster return!
I think it is a good investment!
I only have 0,91 TH/s and consistently withdraw every 7 days, last week for the first time it took about 6 hours to receive it, yesterday I got it after 1 hour.
No business in the world, would give back money, claiming that you made a mistake.
Actually, pretty any reputable business wil give you money back within one or couple of days.