Is Cloud Mining Profitable?

It depends what your goals are with cloud mining. If your goal is to obtain bitcoins, then there is really no reason to cloud mine or even mine at all.

You will get more bitcoins for your buck if you just buy bitcoins!

If you think mining is cool and want to try, then cloud mining still is not a good option. Grab a cheap USB miner and run it at home.

Overview of the profitability of the Crypto currency for the last month:

JUST WANT BITCOINS?

If you just want bitcoins, mining is NOT the best way to obtain coins.

Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins.

Get $10 worth of free bitcoins when you buy $100 or more at Coinbase.

But check back in to see if we find any new, legit cloud mining companies.

Which Companies Are Not Scams?

There are only three cloud mining companies we are willing to recommend on this site: HashFlare, Genesis Mining and Hashing24.

Just because they are not scams, however, does not mean that you will make a profit by buying contracts.

HashFlare

Hashflare.io offers a unique option for mining with a low cost of entry as well as minimal risk and expense, which is opposite to traditional models of bitcoin mining that involve procurement, maintenance and configuration of highly specialized hardware.

Why HashFlare.io?

The answer is simple: HashFlare is a division of HashCoins – a company founded in 2013, known for manufacturing and sale of cryptocurrency mining equipment. Extensive experience and good feedback from customers build trust and guarantee safety of investments.

Genesis Mining

Genesis Mining is a Hong Kong based company although its founders are from Germany and attend many Bitcoin conferences. You can read more about Genesis Mining on their about page.

Genesis Mining is one of the world’s leading and most transparent hosted hashpower provider.

They are heavily investing in the best available hardware to stay at the edge of technology. For you, it is the easiest way of mining: no need to assemble rigs or to have hot, loud miners in your home.

Genesis Mining offers you a smart and easy way to invest your money. Their solution is suitable for those who are new to the world of crypto currencies, as well as for cryptocurrency experts and large-scale investors. Genesis Mining is the World’s first large scale multi-algorithm cloud mining service offering an alternative to those who would like to engage in Bitcoin and altcoin mining.

They are a team of experts in the digital currency sector, and their core service is to provide the most efficient and reliable mining rigs for rent.

No matter which package you choose, you are renting the latest technology, which guarantees profitability for as long as possible. Also, the rigs you rent consume very cheap electricity and are cooled efficiently, thanks to the optimal locations of their farms. To top this, there is no waiting for delivery and no downtime, which means you are not wasting even a second of mining.

GENESIS MINING DISCOUNT CODE:  tqIH19

You will get an discount of 3 % on all Hashpower packages

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