Can anyone shed some light on it and whether there is any hope for the contract not terminating after 21 days and potentially losing all of the seed.
It's almost guaranteed. And judging from the date that this was posted, I reckon that your contract was probably already terminated by now unfortunately. Do correct me if I'm wrong, in the slight chance that it wasn't.
All cloud mining services have recently collapsed. I think that the only solution to this problem is related with green crypto mining. It will be able to solve the diminishing returns issue related to more costs and less rewards.
There is really no solution to this.
Cloud mining itself is just purely set up for the benefit of the company running it. There is virtually no prospect for the users to make money in the long run unless you run a large affiliate network of some sort. They control everything regarding your investment once you deposit with them. As we've seen with Hashflare, they have done shady stuff such as reducing contract lengths from lifetime to 1 year and increase minimum withdrawal exponentially. All the while, you don't know if they're actually mining. Nor do they need to provide any proof of profits each day.
They can literally arbitrarily determine your payments each day, and terminate your contract if they want to. Cloud mining is essentially touted as a passive income scheme. It's the exact opposite of that.
They do actually have those miners and they do really actually do mining but the fact that once we do put our money then we do consider ourselves to be like prisoners which theres nothing we can do but to
agree on all terms or changes that they would made.On making money then theres no doubt and on all of the miners they do have even how the difficulty do rise up they do still end up to be profitable but only to the company itself and they would cut all the profits which will really be applied to investors.