Hi Steemit!
I have been mining with Hashflare for two weeks now and I wanted to post my review of this service so that anyone interested in signing up can have a few more facts in hand before spending their money!
The question you need to answer for yourself is this "is cloud mining a profitable addition to your investment portfolio"
Let's check out some facts.
Ethereum Mining
I spent $104.5 to buy 5 MH of power. Currently my payout is predicted at 139.9. So as you can see I would need a decent Ethereum price increase for this one to really get me ahead. The big bonus of the Eth plan though is that there are no fees.
Dash Mining
This plan has made me quite happy as it is offering a good return on investment despite the recent spike in Dash difficulty.
I invested $58 and as you can see it is returning $124 based on the current rates. However I am quite sure that this coin is going up after the recent news about Apple adopting it for online payments.
Bitcoin Mining
I am not mining Bitcoin on Hashflare, the plan does not offer enough profit to make sense and has high fees. However if we see a big spike in the price of BTC as many predict then yes this will pay off in the long run.
Litecoin (Scrypt) Mining
This is THE plan, it mines Litecoin but pays in Bitcoin. Due to the significantly lower fees, as compared to the Bitcoin mining, this contract is very profitable! I only have a small stake now, but I am going to up my hashpower quite soon since it is such an awesome plan! I have already invest $200 and the estimated return is about $470. Now we have to exclude the fee from this which is .01 per MH which is about $50 per year, so that brings me down to $420, pretty awesome, really awesome considering it is a lifetime contract. Can't recommend this enough. It will sell out, so get yours while you can!
Re-invest
Hashflare offers the reinvest option. This is cool, because you can just keep compounding your hashrate until you reach a level you are happy with. This is nice because it just automates the process.
Are you already mining with Hashflare?
If not then go and check it out! Please use my referral link if you are a new customer, it will really help me out!