Hashflare announces new contract for sha-256 and scrypt makes existing customers go crazy

I Just checked my fb page a while ago and found this post from hasflare stating.

Dear users,

The cryptocurrency industry has always been susceptible to a high amount of volatility, and recent global changes have been some of the most significant. Due to an industry-wide hardware deficit, many market participants, especially mining hardware manufacturers, have to adjust their operations, procurements, terms, and prices of ASIC miners and their delivery.

Per Section 5 of Hashflare Terms of Service (https://hashflare.io/terms), SHA-256 and Scrypt contracts are now also subject to change. The changes, which mainly cover the terms and the prices of the contracts will become effective on September 1, 2017.

The new price for 10 GH/s of SHA-256 will be $2.40, while 1 MH/s of Scrypt will now cost $11.50. The maintenance & electricity fee will remain the same.

All new SHA-256 and Scrypt contracts will be issued for a limited term of 1 year from the moment of activation. All SHA-256 and Scrypt contracts activated prior to 01.09.2017 will expire on 31.08.2018.

This is a really big blow for us customers because I think you cant get your investments back in just 1 year with all those mining difficulties and maintenance fees. I think this move from hashflare will define its future in cloud mining. Hope something good will happen.

For those who are planning to invest in cloud mining I hope this article helped you make a decision.