Hello my dear Steemit Friends!

So after many days of waiting for a change ... I come to write this article here on Steemit.

I have for a very long time now a mining contract on Hashflare of 316.06 TH/s of Bitcoin Cloud mining.
Now we all Know that there was a spike of 14% in mining difficulty ...but this wasn't the problem , the problem was that the maintenance fee tops all our rewards.

For this I give my example of 316.06 TH/s :

And so I wrote a message to Hashflare support:

Their reply:

Amely (HashFlare Support)
Jul 5, 10:57 EEST
Greetings,

On 05.06.18 the spike of mining difficulty exceeded 14% (https://bitcoinwisdom.com/bitcoin/difficulty), while the price of Bitcoin continues to decline. Because of this, the payouts are lower than the maintenance fee, which results in the balance not increasing and remaining the same. This means that your balance will neither decrease nor increase. Also, due to the fact that contract payouts are lower than maintenance fees, forecast revenue shows zeros.

According to our Terms of Service, the mining process continues while said mining is profitable. This means the Mining process will stop if the Maintenance and Electricity Fees become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated (Hashrate type specific). During the consecutive 21 day period, Payouts and Fees will also be temporarily stopped. If during the suspension period, the Contract-related mining factors (such as the exchange rate and mining difficulty) that are outside of HashFlare’s control will change favorably, making mining profitable again, the Service will be unsuspended and contracts reactivated.

Unfortunately, we cannot influence the global factors that form profitability, neither can we take responsibility for it. The main factor that influences mining profitability is mining difficulty, and you can find the publicly available growth chart here and here. Cryptocurrency mining, trading, handling and etc. are generally highly volatile and unpredictable.

All risks are stated in our Terms of Service.

We are considering all possible options, while taking into account the available resources, to optimize the mining process where it is possible.

Best regards,
Amely
HashFlare.io Support Team

And that was it...no solution...not an answer really... BUT If you my dear reader have a solution or an answer please post them in the comment section bellow. Cynetyc Out!

Is Hashflare Really Gone? Is this the End of Cloud Mining? So I contacted Support..Here is Their reply

Hello my dear Steemit Friends!

For this I give my example of 316.06 TH/s :

And so I wrote a message to Hashflare support:

Their reply:

And that was it...no solution...not an answer really... BUT If you my dear reader have a solution or an answer please post them in the comment section bellow. Cynetyc Out!