For those of you who are unfamiliar with cloud mining, it’s basically “renting out” computing power from a company with a mining farm so you can participate in the latest gold rush of Bitcoin mining.
It appears Bitcoin mining has a decent ROI right now. That is partially thanks to the higher Bitcoin price, which is offering miners increased rewards from their efforts. Cloud mining contracts, on the other hand, remain at virtually the same price and the best time to buy some is during a Discount Sale
Payout is set in BTC or desired Cryptocurrency(Ethereum,Zcash or Dash) and excludes the maintenance fee
2nd January 2017, my payout was exactly 0.00084621 per 1 TH/s
On 2nd January 2017, my Daily Payout was 0.00175947 BTC at 2 TH/s. Yearly payout is at 0.61773695 BTC
I would personally get the SHA-256 Cloud Mining Contract, as it is a much a better deal at the moment at 1$ for 10 GH/s Hashrate. Hashflare is a reputable Cloud Mining service, you can check out countless of Cloud Mining Reviews and notice that Hashflare is usually ranked 2nd top cloud mining service right behind Genesis Mining!
The reason behind this rating is because Genesis Mining has been in business longer, as long as the cloud mining service makes consisting payouts it is considered to be still operational. Why so many Cloud Mining Services are labelled as Ponzi Scam's is due to the fact that more than half the Cloud Mining Service tend to usually not last longer than 2 operational years before going bust!
Even though Genesis Mining is a more reputable company, with Hashflare you can expect lower contract prices and lower maintenance fees. With Automatic Payouts you can withdraw all your Bitcoins at any given moment or choose to reinvest it back in mining contracts
Price comparison
Genesis Mining
1 TH/s at 150$
1 TH/s at 100$ Special Discount Rate (Normal 120$)
Please Note that this Bitcoin Contract is a life-time contract under one condition that mining is profitable with occured maintenance fee. The Difficulty and Price of Bitcoin changes everyday, this is a reminder that i'm not responsible for your investment as you're accepting the risk associate to speculating the market in hopes for making a gain.
Before you buy contracts, you must educate yourself about Cryptocurrency Mining, especially Bitcoin Mining! Understand the terms behind ''Network Difficulty'', ''Block Reward'' and ''Hashing Power"
Once you familiarize yourself with these Terms, you can check out online Mining Calculator! Without it you won't understand how Cryptocurrency mining is profitable in the first place!
At this very moment, Bitcoin price is skyrocketing and it's expected to rise much higher in 2017. At current prices and difficulty Bitcoin Mining has become really profitable, I'm expecting to receive back my return on investment of 2TH/s back in 4-5 Months and set to earn Double(x2) the amount invested within a Year Period!
So Follow @steemitguide if you want to keep track of my mining cloud mining progress! Support my Affiliate Link or use this Code: BC604E96
Do not trust any cloud mining website with your money. Most turn out to be ponzi scams. If you want to speculate in bitcoin, buy some and hold it.
This is the second time you have to warn people on my post! And you upvote your own comment expecting either people to downflag your comment for some apparent reason or for more personal gains! I have already warned people, if you think specualating a currency is safer than better minting the currency then thats your risk appetite, there no need to preach on my post!
Twice you said that all Cloud Mining scams are a ponzi! I showed you results! and you also only advice to specuale the Market by buying and holding!
You want us to only Hold & Sell Currency, that's very narrow-minded of you!
I feel responsible to say this because I've recommended many people to follow this account because of its informative and user-friendly Steem(it) related posts. I think cloud mining does not grant a reasonable extra reward for the large extra risk someone takes on by getting involved. Buy&hold is a much less risky and much more simple strategy.
If that's reason then i understand the motive ! I will try to make a Bold Disclaimer whenever i promote any Cloud Mining Services, i'm not planning to do so much anymore. I like to point that i also buy and hold Cryptocurrency like Bitcoin! Speculating the market for gains! Hope that 2017 is a good year for Cryptocurrency ! Cheers @pfunk
You too :)
NICE :)
Thanks for sharing! I had bad experience with cloud mining ☁️ I just lost my money 💰
How does this compare to TopHash?