Quote from: RyanX on February 02, 2016, 09:04:50 AM

Quote from: bit4money on February 01, 2016, 09:48:47 PM

Quote from: Kh30pS on January 31, 2016, 10:17:50 PM

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.

If you reinvest, you might even lose your money. The difficulty is growing too fast. The new investment will not be ROI.

Unless the price of BTC follows suit. But it is not happening at the moment. I am unsure if HF has a clause which terminates contract. I am currently at a zen mode when it comes to ROI. I'm happy each day as long as the contract is running (i.e: The return is higher than the daily fees)