Yeah nowadays everyone knows about cloud mining contracts and to be honest, you will never earn profits from your investments using any cloud mining platforms. I don't mean to say that hashflare is a scam website but i can advice on the basis of my experience that if you buy hash power worth $1000, you get paid no more than $800 after waiting months of time, more better to invest in bitcoin
I started with Hashflare about a month ago and have received 38% payback so far. That suggests I will break even after 3-4 months. I got in when BTC's price was peaking and before Hashflare raised their prices, so that made a difference.