so iv been recent researching in to mining cryptocurrencies and am thinking of jumping into it. I looked into the costs and logistics of buying or building a mining rig and though I feel confident I could build one, I'm not sure I want to be tied to one location as I would need to be if I had a rig plugged in somewhere. The cost of power in the uni make mining here not profitable.
That's when I discovered cloud mining companies that offer mining contracts. The two main companies I looked into were Genesis and HashFlare. you can make a good profit off these sites. but if you compound you cash over few month you would easily make enough good enough amount to be happy with.
Genesis comes highly recommended .
but If you want to mine ETH looked into HashFlare and they have mining contracts for Bitcoin too.
Hashflare https://goo.gl/iu9Y7L
Genesis https://goo.gl/iCUUYe
Eobot https://goo.gl/Zpym9P - Daily free faucet!! Number One & Most Trusted
The only one that iv invested in so far is Eobot this is to get a feel of mining bitcoins this site should be more of a trading/mining apps mining when price is low and withdrawing when price is high. make sure to mine ghs 4.0 to build your mining speed. this is vital.
Hash flare dose let you invest small amounts like $2 that it dose not advertise on it mine site.
Pros of cloud mining
A quiet, cooler home – no constantly humming fans
No added electricity costs
No equipment to sell when mining ceases to be profitable
No ventilation problems with hot equipment
Reduced chance of being let down by mining equipment suppliers.
Cons of cloud mining
Risk of fraud
Opaque mining operations
Less fun (if you’re a geek who likes system building!)
Lower profits – the operators have to cover their costs after all
Contractual warnings that mining operations may cease depending on the price of bitcoin
Lack of control and flexibility.
Building Referrals Can be a give you that weekly boost that your cloud mining needs.
I recommend it if you find these site useful to help sign up friends but only when you feel it the best time to improve your portfolio.
Posting Things online dose not always go the best as A lot of site will ban you for spam but don't not let that get to you make sure to wright something useful for users and tell your experience helps.