Genesis Mining vs Hashflare Review - Which is better?

[cashkits]

Honest Review on Genesis Mining vs Hashflare Review

Genesis Mining

Genesis Mining is one among the oldest players once it involves cloud mining. They have displayed photos and videos of their installations proving they’re a true mining operation.

Hashflare

This mining company was formed by the team behind Hashcoins.com, the cloud mining service is relatively new however quite promising. The site is easy to navigate and gives easy to read inputs on your earnings.

Well, in my review I will be using the base hashrate of Genesis Mining which is 200 GH/s as a case study of my review while on the other hand Hashflare has lower base hashrate of 10 GH/s.

Below is a quick comparison between Genesis Mining vs Hashflare.

Hashflare
Mining Period – Based on hashrate
Genesis Mining
Mining Period – Lifetime

Hashflare
Price @ 200 GHs – $24 ($0.12/GHs)
Genesis Mining
Price @ 200 GHs – $30 ($0.15/GHs)

Hashflare
Maintenance Fee/Day – $0.08 ($0.0004/GHs/day)
Genesis Mining
Maintenance Fee/Day – $0.07 ($0.00035/GHs/day)

Hashflare
Estimated Revenue/Day – ฿0.00006252
Estimated Revenue/Month – ฿0.00190153
Estimated Revenue/Year – ฿0.02281842
Genesis Mining
Estimated Revenue/Day – ฿0.00007337
Estimated Revenue/Month – ฿0.00223180
Estimated Revenue/Year – ฿0.02678155

Hashflare
Break Even Period – 417 days
Genesis Mining
Break Even Period – 444 days

Hashflare
Contract During – Infinity
Genesis Mining
Contract During – Infinity

Hashflare
Promo Code – 9AEE5A6E (10% off any order)
Geneis Mining
Promo Code – EJPRUY (3% off any order)

Based on my Genesis Mining vs Hashflare review, am sure by now you will be able to decide on the best cloud mining site for you that fit into your budget.

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[examplens]

You are Newbie there. Maybe first to read here about cloud mining.but a lot of times written. it would be easier for you to decide. Unless this is not an advertisement for these two companies
Anyway, cloud mining -> go away from there. Most of all are scams. If I good understand your analysis, you need more than one year to return invested $24. This amount can you earn over claiming faucet
again: Cloud Mining it's a SCAM!

[digaran]

Those promo codes though , cloud mining or in general mining bitcoin is about a tight competition an arms race, they need to constantly add mining hash power in order to sustain a profitable operation, so unless you are going to invest $2000 daily and even go higher than that? there is no point investing in cloud mining, honest or no honest before doing so be prepared to lose everything.

[thebatletbet]

youre thread not review about duration contract
how long in duration contrac in genesis mining and hashflare ?
or life time contract, can get reveneu profit is forever

[crazyivan]

I ve personally made money with Hashflare. Genesis, no way you can make money with them. Still, all cloudmining services re dubious in terms or ROI cause mining difficulty s been skyrocketing recently so I d probably pass on this.

[JeffBrad12]

My thought if just trade or keep your btc is better rather than try to get some profit from the cloud mining site. Or at least buy btc through the exchange site is reliable rather than try to buy some hash.

You will never ever make any profits.

[carlfebz2]

I cant really say about these two cloud mining sites because i dont want to put my money on this kind of schemes on which i already saw that this sites wont generate me profits in the long run and its really better to run off your own mining farm rather than entrusting your money on to this dudes.

[cashkits]

Hi folks, thanks for your honest review about these cloud mining sites. I have put these two Genesis Mining and Hashflare against each to know your opinion about them. Personally, cloud mining is meant to be a passive income. We should all see it in that manner. If you want to make daily earnings through it, I think you should think otherwise or better still look elsewhere.

But I will like to ask What about the free cloud mining sites. What is your opinion on them. Thanks

[jacaf01]

Cloud Mining contract is always scam/fraud. If you really want to mine, get some mining equipment and mine yourself. Those people that bought Ethereum mining contract this time last year didn't make profit on their investment.

[bravehearth0319]

You don't need to compare on which two is better. Because they are both actually not good as an investment. The Return of Investment(ROI) will take 1year almost before it become break even. Within that period of time in 1 year you can possibly earn more than you invest in the coin. especially if you are doing trade or participating in the campaign, compare to that things.

[eckmar]

Is there anyone in their right mind that would go for 400+ days ROI when you can build rig yourself cheaper and have ROI time that is about half of what they are offering. I mean I get it that cloud mining was popular at one point but now definitely not.

[Teraboy]

Both are good for exchanging your btc into the other btc, it will never give you a profit. Just try to use the other way rather than bitcoin cloudmining. you just give a free loan for them. If you can do other better than it and why not?
It seems like your capital is just for paying the maintenance fees. 

[deadsilent]

These are legit cloudmining investment sites. Hes comparing these two cloudmining. If you ask me if which one is the best. I will say. Theres none. Theres no profitable cloudmining these days. Im telling you that. Have you heard any investor became successful on cloudmining? Even if its legit. I dont think it worth the money i invest them.

[mobnepal]

Hashflare
Break Even Period – 417 days
Genesis Mining
Break Even Period – 444 days

Above estimation can't be correct because break even period will keep on increasing with increase in mining difficulty. Within this 400 days difficulty may rise significantly which may push this time to more than 2 year.

Also lifetime contract is just a pseudo term because if your contract couldn't earn enough maintenance fee those contract will stop within few years.

[lionheart78]

I ve personally made money with Hashflare. Genesis, no way you can make money with them. Still, all cloudmining services re dubious in terms or ROI cause mining difficulty s been skyrocketing recently so I d probably pass on this.

I agree that cloudmining is not profitable now. Anyway,  according to the review it is the Hashflare that give more "profit"  though I doubt if any of us if we start investing to this cloudmining  can ever get ROI.  I have invested in cloudmining but I never had my RoI since those company had closed even before I got half  of my investment lol.

[coolcoinz]

I'd like you to focus on this one simple point:
Hashflare
Mining Period – Based on hashrate
Genesis Mining
Mining Period – Lifetime

Just this small thing should make a red light start flashing.
Based on hashrate means that the period can be extended, but we don't know to what point. It can be a year to ROI, it can be 3 years. You can't argue with them if it becomes extended to 4 or 5 years, because the company does not guarantee anything.

Lifetime is a joke. Whose life are we talking about? The client's or maybe the CEO's? Some of us may live for another 60 years, I'd like to bet the owner that he won't be paying his clients for that long, even if it were to be just a dollar a month. If you believe their company will still exist in the year 2057, be my guest.

[ranlo]

So your data shows that the payoff time (ROI) is around 1.5 years. This assumes NO increase in global hash rate. It also assumes the current price of BTC remains. If you actually run the data with assumed increases (based on history), you will come up with a ROI payback time of infinity (meaning it won't happen).

[mrcash02]

No one is the best, because none of them are good. Investing on it you are losing money. If you hold your BTCs, after 1.5 years you will have more profit than after 1.5 years of mineration with this "infinity" contract. Makes no sense to invest on it hoping to earn money as you know you won't be able to recover the same amount of Bitcoins you invested or to take too much time to ahieve it.

As a hobby investment if you have much money it can be acceptable, but as a method to earn money no.

[cashkits]

I'm getting a lot of insight here. Please keep your contribution coming in.

[cashkits]

Okay, from all that is contributed about cloud mining, is there a profitable cloud mining investment that one can venture into and will give a good ROI. Please contribute. Thanks