I am thinking of cloud mining to save me the hassle of the equipment and all. Is this a good choice? If it is what would you recommend and where should I start? I have seen many threads in here about it, but it is hard to tell which is good and which is a bad idea to listen to. The only mine I seen is .001 per Gh if you buy 20k GH. Now are these charges for the entire contract or just for the month? It is so confusing. Thank you in advance for the help.
First, you really should be thinking about trading hosted mining instead of just buying cloud mining, and never consider an outfit where you cannot sell your hash (like Genesis Mining.) Earlier this year it was not hard to make 15% per month trading hash at Hashnest. I blogged my experience at
how to profit with Bitmain Hashnest.
Right now and for next year I also expect the action to be at Hashnest. S7 hash is scheduled to start trading October 10 and you can bet I will be trading and blogging my results. It is all about buying hashrate when prices are in an uptrend and selling for profit with mining income as a bonus.