Over the past year and so we have seen many cloud mining services come with big promises and then go either turning out to be scams or failing due to some bad business planning etc. We’ve tested quite a few of these and lost some money on some, on some we’ve won even though they are no longer available, but there are still a few services that are still here, work fine and pay regularly to their users though we actually had some doubts about some of these.

One of the earliest large scale cloud mining operations, namely Cex has transitioned to an crypto currency exchange only and while it was operating as a cloud mining service the chance to actually perform well was to not only cloud mine, but trade your hashrate all of the time. This was true for many cloud mining operations that came with a built in market where users can sell hashrate, though this allows you to exit at any time by selling your hashrate. We did not like this concept that much as it takes a lot of your time to actually make profit and one of the goals of going the cloud mining way is exactly to save you the trouble of needing to spend a lot of time on the mining-related things.

Some Chinese ASIC manufacturers started promising cloud mining operations, but failed miserably or are going that road pretty fast. A recent example is the AMHash operation that had various issues pretty much from the start and is pretty much dead now. ZeusHash was another promising start with Litecoin cloud mining from a Scrypt ASIC manufacturer that has transitioned to a Bitcoin only and not very profitable at that cloud mining operation. Then there is Hashnest operated by BitMain that also had a fair share of issues and has been constantly changing what they are offering, making it harder for users.

We are not going to even mention various services that looked promising or not, but ended up being scams or services that were betting on the price of Bitcoin only going up or down for that matter and ended up disappearing because of that. So where are we currently cloud mining at and what is left as services that have been here long enough to be considered safer?

– Genesis Mining is one of the most serious entrants into the cloud mining world that we’ve been using for about 10 months already. The company is trying to be very open and transparent regarding its mining operations including hardware manufacturers partnerships to counter the mistrust caused by a lot of anonymous scams. Daily payouts, transparency, multiple ways to purchasing cloud mining hashrate.

– Bitcoin Cloud Services is a more anonymous cloud mining operation that we started using about the same time as Genesis Mining, though it is apparently a year old now and currently running an extended price promotion to celebrate their birthday. Have changed their initial offer, but are still here and pay out mined earnings on a daily basis, offer attractive pricing and anonymity is a plus for some people.

– ScryptCC left us with mixed feelings once we started using it back in February last year, looked promising and worked fine unless you had an issue and needed to deal with support. Well, they are still here and we are still mining with not that much hashrate, but the service is still paying out. There are some people complaining from issues with it apparently, so support could still be an issue, but unless you have to deal with it seems to be Ok. Still we would not advice to go with larger investment there.

• Do Not Buy Scrypt Cloud Mining Hashrate at ZeusHash
• Problems with Low Hashrate at Hashnest Still Present
• Genesis Mining is Back With Bitcoin Cloud Mining Offers
• Zcash (ZEC) Cloud Mining Hashrate Upgrade from Genesis Mining
• Scrypt Cloud Hashrate Available Again at Genesis Mining
• MiningSweden and the Expected Extra Payment for VIP Shares
• Trying Out the Genesis Mining Scrypt Cloud Mining Service
• Another Zcash (ZEC) Cloud Mining Hashrate Upgrade from Genesis Mining
• The AMHash Mining Operation Robbed of Mining Hardware
• Checking Out Bitcoin Cloud Services
• Hashie Selling AMHash Bitcoin Cloud Mining Hashrate Again
• CEX.IO Cloud Hashing Currently Down For Maintenance
• Cloud Mining Services Increase Prices Instead of Lowering Them
• Our Conclusion About the Scryptcc Scrypt Cloud Mining Service
• Ethereum Cloud Mining Hashrate Available from Genesis Mining Again
• Genesis Mining With New Lower Prices for Scrypt Cloud Mining Contracts
• Checking Out Genesis Mining’s Bitcoin Cloud Mining Service
• Scryptcc Exchange Rate per KHS Starting to Go Up
• More Reasonable Bitcoin Cloud Mining Prices from KNCMiner
• Genesis Mining Offering Ethereum Cloud Mining Again
• KNCMiner Starting to Offer Bitcoin Cloud Mining Contracts
• CEXIO Clould Mining GHS Exchange Rate Going Down
• X11 Cloud Mining Hashrate Sold Out at Genesis Mining
• Ethereum Ether Cloud Mining Contracts from Genesis Mining
• Transfer Your Hashie Cloud Hashrate to AMHash