Hello!
I want to share my experience of mining. I used cloud platforms like Hashflare with small attachments of about $ 100. Now the payback is about 200%, but the problem of all cloud-based mining is to limit the withdrawal of funds. My investment is not enough to mine the required crypto currency for withdrawal. The currency that I'm heading is bitcoin. At the moment, due to the dynamics of the exchange rate and the increase in the complexity of mining, payments are falling. Do you think it makes sense to invest in the cloud mining of bitcoin now?
the word scam is being thrown around alot in this thread and its not justified at all. Im not saying you should be pouring all your money into hashflare, but i'd be pretty suprised if it was a ponzi. The payouts are frequent and reliable, and hashflare handle themselves well. Obviously with BTC at this price, cloud mining(mining in general) isnt that profitable.
Im sure you've used this before but just incase i will post a mining profitability calculator to asses how profitable your contact is and how long it would take to recoup your initial investment.
https://www.coinwarz.com/calculators/bitcoin-mining-calculator