At best, cloud-mining gives you a low probability of making a profit. That is why the returns from hashflare and genesis mining are bad overall. The fact that Crypterra pays so much more is an indication that it is a scam. How can they pay so much when "legitimate" sites can't?
No its not, its s still good at Genesis,. i made 4x the investment, but Hashflare stole the lifetime contracts and made them 1 year only plus doubled the price like a suicidal maniac that wants to kill his own company before he dies himself.I will make profit at Hashflare, but only because i started invested in the beginning of the bitcoin rally, but all the people that came after they doubled the price, will not, if the BTC not goes above 20k again that to say. Not even Crypterra was profitable at the low point of BTC.
Its amazing how many people talk bad about mining and claim hodling is so superior, they simply dont understand there is no BTC without mining?
When you write, "i made 4x the investment" and "I will make profit at Hashflare", is that in terms of dollars or in terms of BTC? Typically, cloud-mining investors claim a profit when the BTC they receive is worth more than the BTC they invested, even though they now have less BTC than they started with. In that case, they would have done better by simply holding the bitcoins rather than investing in cloud-mining.
I agree that there are no bitcoins without mining, but that doesn't justify a person mining at a loss.
