Funny you should mention this today. I actually just started mining today on Hashflare. So far so good. I waited a day just to be sure about the domain also. But really figured it was not going to be an issue, as in many cases, the domain info is not updated immediately on the domain checking sites. Plus, Hashflare participated in Moontec 2017 on December 5th. So I figured they weren't going to participate in front of all these people and then disappear. I will probably be doing some videos/posts on my mining experience.
The two best cloud mining company's are Genesis Mining and Hashflare in my opionon. I'm sure others may have different views on this.
All these people saying it isn't profitable. Have done NO research or are crypto haters. Most generally one or the other and in some cases both. Crazy the amount of advice being given out with NO personal research or due diligence at all.
It is staggering to receive recommendations against cloud mining from people who have never tried it or know anyone who has, but they made sure to upvote their useless comments. Thanks for your useful comments. Take note newbies, this is how you get upvotes on your comments from others
I want to get a Genesis contract but they are all sold out except for mining Monero. Please keep me posted on how your project develops. Thanks for your help.
Yeah, I just ignore those recommendations, it is crazy! I will keep ya posted, just made another $400 purchase today on Hashflare. And thanks for the upvote. Wasn't even expecting that.
Also, I just received this Hashflare update...
Update: We are planning to restore BTC withdrawals during Monday, 18.12.2017.
Thanks for the update.
I am not sure what kind of research you are talking about. Most of the times, cloud mining is not profitable than buying and holding.
Say for example btc,
1 Btc was 1k at the beginning of 2017. With 1.5k investment, you would get 1.5 btc. If you have invested in cloudmining, you would have earned 12.5 T hash power which would have generated .33bTC(Website shows .45 btc) due to the mining difficulty.
At the end of 2017, BTC was $13,200. So through hashflare, you would have earned 13,200* .33btc = $4,300
Whereas, if you would have bought btc and sold it on Dec 2017, u would have got 13,200 *1.5BTC = $19,800.
Increasing difficulty level is a major concern in Cloud mining. If you look at the Hashflare site, their calculation wont include increasing mining diffulty. BTC, eth and monero difficulty increased 490%, 468% & 1500% respectively. Hence, less coins will be mined than mentioned in the cloud mining website.
Cloud mining websites and CryptoCompare wont have the difficulty increase in consideration as noone knows how much the difficulty is going to increase in future.