Can anyone please explain to me what is the appeal of cloud mining contracts? I constantly receive requests asking us sell contracts, so I would like to hear what advantages the contract model has over fixed interest rate and flexible withdrawal model that we currently deploys.
Hello Eric,
To start, some people want to mine coins even when profits are negligible, for fun or other reasons, keep that in mind
For example Start Mining at home in some country is to expensive due to huge power cost (like here it cost like 26 collars cent a kilowatt).
His is what i think,
Mining btc at this moment at current difficulty and currency BTC rate is maybe not the right choice.
However i highly believe in Dash and Ethereum, so mining that and anticipate on grow in time, i think i benefit well by cloudmining (remember increasingly mining at home is not a real option for me)
That`s why i choice (beside of buying the coins directly) for Genesis Mining. Its a nice replenishment on my current portfolio
For you (Haobtc) as a mining company advantages can be release funds form you capital.
Combining that whit your wallet you will have a lot more wallet users as well.
Downside is managing the whole crowd of customers. Managing the miners on a divert way, i think http://genesis-hive.com/ can help other mining farms whit that.
Eric what are you guys planning to do?