Hashflare and Genesis Mining are the world’s leading providers of Bitcoin cloud mining services. Which one is better? Let’s compare the two companies based on qualities such as legitimacy, transparency, customer service, contract prices, contract availability, contract profitability, maintenance fees, user experience, and affiliate program. I will assign 1 point to the winner in each category.
Legitimacy / HF 0, GM 1
Both companies are absolutely legitimate. Hashflare is based in Estonia, and Genesis Mining is based in Iceland. However, I’m inclined to believe that Genesis is more legitimate than Hashflare because it has been featured on CNN and Forbes.
Transparency / HF 0, GM 1
Hashflare is fairly transparent but Genesis Mining appears much more open. Both companies use social media to inform and apologize about temporary website or payout issues. Both businesses have shared images of their mining equipment, but Genesis has begun to produce video content too.
Customer Service / HF 0, GM 1
Genesis Mining is a lot more customer-oriented than Hashflare. Genesis is always interacting with users on Twitter and Facebook, whereas Hashflare rarely responds to comments and questions.
Contract Prices / HF 1, GM 1
Both companies offer the most affordable cloud mining contracts, currently priced at $150 per 1 TH/s. Hashflare is known to increase its prices based on the value of bitcoin or if Genesis contracts are out of stock.
Contract Availability / HF 1, GM 0
Genesis Mining frequently runs out of Bitcoin cloud mining contracts, whereas Hashflare has them in stock almost all the time.
Contract Profitability / HF 0, GM 1
Both companies offer profitable Bitcoin mining services but since Hashflare recently changed its lifetime contracts to 1 year, it’s more likely that Genesis’s lifetime contracts will be more profitable in the long run.
Maintenance Fees / HF 0, GM 1
Hashflare deducts 0.0035 USD per every 10 GH/s of SHA-256, whereas Genesis Mining deducts only 0.0028 USD per 10 GH/s. I think this is because the electricity in Iceland is cheaper.
User Experience / HF 1, GM 0
Genesis Mining’s interface design (dashboard and tabs after logging in) appears more modern and user-friendly than Hashflare’s. In regards to the payouts page, however, I’d say Hashflare’s is more informative than GM’s. Genesis Mining displays only your daily earnings and automatic payouts (excluding fees), whereas Hashflare displays your daily earnings along with the exact maintenance fee deducted each day. Genesis Mining’s dashboard shows an ascending graph of your total payouts up to date in dollars, whereas Hashflare’s dashboard shows candlebars (rectangular columns) of your daily earnings in BTC before fees, allowing you to compare them to one another. A section of Hashflare’s dashboard also shows your projected daily, weekly, monthly and yearly earnings in USD based on your hashpower and the price of bitcoin.
Affiliate Program / HF 1, GM 1
Both companies provide users with a 3% discount code, a unique referral link, and the opportunity to get rewarded for promoting cloud mining to others. As a Hashflare referer, you will receive 10% referral commission bonus for every purchase made by any of your referrals, excluding reinvest and balance purchases. As a Genesis Mining referrer, you will receive an upgrade of 2.5% hashpower. The more you refer, the higher tiers you’ll reach and the better rewards you’ll receive.
Conclusion
Hashflare 4 : Genesis Mining 7
Although Genesis Mining is the overall winner, there are few aspects in which Hashflare is better. What’s important for you and which one would you invest in?