Cloud mining is great way for those who aren’t technically minded or just don’t want to run their own mining rigs to invest in cryptocurrency mining. Cloud Mining services are an easy and safe way to purchase hashpower without having to deal with a complex hardware and software setup. Users can utilize a remote data center with shared processing power to cash-in on crypto mining without the
hassle. Since this is a service there is generally some cost taken out of your profit, which can result in lower returns for the miner. If you would rather mine with your own rig, here is a link for that COLOMINER 9-GPUs Mining Starter Kit. As a user of hosted mining equipment you can either lease a physical mining server or virtual private server. Instead of leasing, some services offer hash power hosted in their data centers. Users select a desired amount of hash power and a time frame for the contract. There are some cloud mining scams out there. Ask for a photo of their data center. A legit cloud mining company should have no problem providing photos. Or maybe even go as far as asking for proof of electricity bills if you are still concerned.
FflakMining – I just purchased a Fflak Mining contract today. It was pre-order. Bitcoin mining starts January 19, 2018. I’ll update when I get my first payout. At the moment they are offering 100 GH/s of Bitcoin hashpower for $20. When I signed up the were also giving away 100 GH/s of Bitcoin to everyone who verifies their email. You are allowed to have 5 different accounts with them. They offer a money back guarantee if you are not satisfied. You can open a trial account free for 15 days. If you decide to upgrade after the 15 days, you will receive the free trial payouts. Minimum investment is $10. They require you to pay in Bitcoin. Buy Bitcoin on Coinbase.
Genesis Mining – This is by far my favorite cloud mining website so far. I will update soon with the details of my contracts and my payouts. I do receive payouts at the same time daily. I have my payouts sent to my CoinPayments account. One wallet that holds more than 45 different currencies. So, I can have all of my payouts sent to one place and when I click on my wallet and scroll down, it shows the estimated value at the time of all of my coins in USD. Which saves a lot of time. I don’t have to search for a bunch of different wallets and trying to add them all together while prices are changing every few minutes. CoinPayments is a life saver.