In my quest to become the next CryptoNick, I've invested a lot in HashFlare (for the uninitiated, that's one of the main cloud mining websites that people use, besides Genesis Mining and Hashing24)-- mostly because of the low investment minimums. Typically, it costs $1.50 for 10 GH/s of SHA-256 (that's a one year contract), $7.50 per 1 MH/s for Scrypt, and the trend of low-ish prices continues. Granted, these don't include maintenance cost, which I normally wouldn't like to see in just a one year contract, but, I mean-- I'm sorta in a "beggars can't be choosers" mind frame for the time being. It's a buck fifty, maintenance fees are sorta understandable.
In the last few weeks I've gained almost 100 GH/s by simply reinvesting my mining profits. I'm hoping this strategy will prove profitable, but only future me will be able to tell if I can pull that off, hehe ;)
BUT! On to the main part of this post, HashFlare is having some pretty nice discounts right now! SHA-256 is down to $1.40, X11 is down from $3.20 per 1 MH/s to $0.80. That's a pretty significant drop, although I'm not super sure about a lot of HashFlare's altcoin mining contracts. Lots of them, including the Dash contract, appear to not be profitable at all, unless I'm missing something. Which I could see happening, unfortunately.
I digress! The point is, if you're not on HashFlare yet, I think now would be a good time to head over, invest 20 bucks and just set it to reinvest, and maybe in a few months you'll have some significant profits. Click here to use my referral link, I'd be happy to use your link next time I upgrade!
Till next time!