Dont purchase hashflare mining contracts

[poizonbhai]

I just purchased my first cloud mining contract from hashflare..I purchased 1.3 th/s for 1 year which is $108(got 30% discount) I thought I will make double btc after a year and if price increases maybe make some more..but I just knew that I will make only $45 in a year(if difficulty dont rise)and I must say hashflare is using a trick..they hide the electricity fees which is 80% of ur total income when you calculate profit....Please dont make mistake like me anyone this is tricky scam

[1715102951]

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[1715102951]

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[bovineplane]

Not reading the terms and conditions of your contract =/= scam. Last time I looked at buying at hashflare all the costs were included in small print for the reading.

Just be more careful before entering to a contract. They are a business to make money and dont sell to lose money. If it were more profitable to mine they would not be selling. Same business model at Bitmain. Mine with their product until profitability drops then dump the product on consumers. They count on a stream of people who think they will get rich mining to pour money into the product.

[jillscarbrough]

A few things that you need to know.

Mining operation needs electricity. Even for some miners, this is the most issue (depends on their electricity cost).

Like a comment above me "They are a business to make money" besides electricity bill they need some profit.

Coin price always up and down, so you don't have any guarantee for making a profit on cloud mining.

The last, you need to read their TOS in front, before you decide to purchase their services.