Yes guys) newbies can benefit a lot from cloud mining services) when price is good enough for profitable contracts) but why only newbies? everyone can)) I mean it's comfy and easy way... so I still believe I will be able to continue this story with HF.
imagine the following case:
Mr. X buys 1 BTC for $ 6400 and holds it for 1 year and the price of bitcoin goes up to $ 20,000
Mr Z buys 1 BTC for the price of $ 6400 and invests in Hashflare or Genesis Mining, and at the end of your contract, Mr Z do not know what your profit will be.
Note the following:
Mr. X has full control of his bitcoin
Mr Z has no control over his bitcoin
My question:
Between Mr. X and Mr. Z which one made the best choice?
answer is: Mr. X made the best choice
How much profit Mr. Z can generate using cloud mining if we take into account this price you offered: $ 20,000 ? I mean If he supposedly bought for $6400 and then invested when price was already much higher. I guess If you invest at the time of high price you still able to generate good profit. However, you can't be sure that price will not drop again, that's true. I think you should have this feeling...and invest smartly at good timing and withdraw in time as well. Which is hard obviously)