Hi guys
Like a lot of people here I am still new to the scene, I would like to know whats the most  preferred site to take out cloud mining contracts on? From what i can see the ROI seems to be around 6-8 months and then you start making profit.

There is a daily equipment maintenance fee on most of them, does that scale up ? Would that eventually become more than what I earn ?

Also how do payouts work on most of them? I have been looking at minergate, would it payout what i mined on a daily basis or does it need to reach a certain value like 0.001 BTC or something ?

I want to get into that, it seems like it could be profitable if you keep increasing the hashing power with some of your profit. I would only be able to spare $100 or less  for now.

Thanks for taking the time to help this noob.
--------------------
Sorry mods, I saw this is the wrong thread after i Posted, you are welcome to delete this and ill post in the correct thread.
Still new here