Bitcoin Forum

I am preparing to go cloud mining with Hashflare. I will use them for awhile and then get mining hardware myself. I am planning on renting 7.5 terahashes ($900) (BTC1.23076923) of mining power. It only makes since that the collateral is the Hashflare account itself. According to coinwarz mining calculator I will make enough back to pay off a loan. Please respond for more information so we can negotiate a deal. Thanks!http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=7500&p=0.00&pc=0.34&pf=0.00&d=281800917193.19600000&r=12.50000000&er=738.62990000&hc=900 (http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=7500&p=0.00&pc=0.34&pf=0.00&d=281800917193.19600000&r=12.50000000&er=738.62990000&hc=900)

So, whomever lends these funds gets control of the Hashflare account? Why would the lender not just invest there themselves and keep ALL profits?
I think your business plan needs a little work.

I agree on that, especially since we would make more than the interest/return he would provide.