link: Hashflare
What is Hashflare?
Hashflare, a department of Hashcoins, is a cloud mining website that sells and rents out hashes for mining. They are a company that develops software for cloud mining and they maintain equipment in data centres.
Is it a scam?
No, hashflare is one of the most notable cloud mining sites which competes with sites such as genesis mining. It's parent company, Hashcoins, has been in the cryptocurrency market for years producing and selling equipment for mining. They introduced Hashflare in 2015 and it has been paying since!
Pros:
cheaper hashes:
Compared to genesis, Hashflare sells its hashes at a much cheaper rate. Each 10 GH/s on Hashflare is $1.20 compared to Genesis' $1.50. Moreover, they allow you to buy 10 gh/s minimum which Is unlikely but still great for top-ups and experiments.
Choose your pools:
Unlike Genesis, Hashflare lets you choose which pools you would like to mine in. The pools they offer are:
>Slush
>ViaBitcoin
>Antpool
>BTCchina
>BTC Guild
>Discus Fish
>F2 pool
and a few more. Recently, I've found that slush and viaBTC are the most effective however this depends on your TH/s As I've only invested 1 TH/s. This is more effective than Genesis and pools can highly effect your income and a change of pools meant an extra $40 (estimately) per annum!
Re-invest option:
(
Unlike genesis, Hashflare offers an automated reinvest option. This means that you can set up an account with 1 TH/s, select the re-invest option, and a year later you should see your 1th/s upgrade to around 3 TH/s Without any effort but investing! However, I prefer to cash out 75% of my earning and choose to re-invest the rest manually.
Cons:
High maintainance fees:
Depsite the low costs of the initial purchase of hashes, this is eventually paid back due to the higher maintainance fees. Which compared to Genesis Mining are quite a bit higher. This may be due to the fact that Genesis runs on geothermal power, which is more sustainable and Eco friendly.
Can't sell your hash rates:
One downside is that you can't sell your hashrates; if you have bought them, they are yours forever until mining ceases to be profitable. This is a downside as if you put a large investment in and then need that money, it's inaccessible until a profit comes.
Conclusion:
In my opinion, Hashflare is better than Genesis. This is not a biased opinion as I have money invested in both. One advantadge I didn't include was the estimates, this is as they easily change. I think that Hashflare offers a better, easier service and user experience and I'm currently investing all of my online earnings into both Hashflare and bitconnect. I would recommend for you to invest in Hashflare however be catious as with any investment comes risk so be prepared for the worst case scenario and don't put all your eggs in one basket.
Link: Hashflare
