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RE: Is Hashflare Really Gone? Is this the End of Cloud Mining? So I contacted Support..Here is Their reply
I mine Ether with this company and make regular withdraws no problem. THe problem is with BTC - the hardware is getting stronger and stronger every quarter as more and more products are being cheaply released - this will result in a higher difficulty as more nodes enter the mining game making it not profitable to cloud mine - this is also true with mining. Best to trade BTC rather than mine it.
Exact... this is the same conclusion I arrived too....ether and other coins like monero are still profitable to mine or even to invest.
Bitcoin has grown to much in difficulty and ...if no serios upgrade in miner th/s like for example a miner with a capacity over 50 TH/s easy to use and low in power consumption...I do not see a future in mining btc right about now.