I think you didnt read it correctly. I am not describing a new scenario. i am pointing out the massive calculation mistakes in ur post. You mentioned "You have researched and found out it is still profitable" whereas, it is almost 50% loss if someone invests in Cloud Mining when the price stays where it is now.

Anyways, anyone who includes all the possibilities in calculation knows Cloud mining is a stupid investment.
Reason: If bitcoin goes 100k in 12 months, 8k investment today(buying 1btc) will give 100k return.
Whereas a 86thz hashflare will generate less than 1 btc. Meaning, buying and holding will give you a lot more profit than hashflare. If btc is only 20k by end of year, you might hardly break even because of maintenance fees.

All this calculations are under the assumption mining difficulty will be as same as last year. If it increases more than last year, it may end up in far lesser profits.