WHY WOULD YOU NOT EXTEND THEM?! Please answer this question, During the not profitable months of mining did you have the miners still running? Shouldnt have been...So shouldnt of had much expenses then. Should of just suspended the contracts till mining can resume. So your just keeping investors BTC that they payed you and you didnt even have the miners running? Most if not all, expect 1yr of actual mining like the contract says, not oh well its not profitable now so were just not going to not mine now and we get to keep your BTC you invested. Lol, somethings wrong here and I see lawsuits coming if you dont make this right and extend the contracts.
Even if the equipment would have been turned off, it would have still needed to be maintained and rent would have had to be paid. According to our Terms of Service, all contracts were supposed to be terminated after 21 consecutive days of unprofitable mining when MEF exceeded daily payouts, but the service decided to keep the contracts active. With the price of BTC as low as it is, as well as mining difficulty hovering around the same value for a very long time, it is impossible to predict when mining might become profitable again.