Which Cloud mining payout is the best?

Genesis Vs Hashflare Vs Hashing24.

Hi all!

I am pretty much a beginner at cryptos, joined the whole wave on aug 2nd, and started making investments into mining and altcoins. After watching a bunch of videos on youtube, I decided I would mine with genesis most, hashing24 least. Only yesterday I got into hashflare.

I registered, and bought my contracts in all of them with BTC.

My mining portfolio breakdown goes as follows, as on today:

44.35 TH/s in Genesis mining
7.3 TH/s in hashing24
1.6 TH/s in hashflare.

Now, when investing, I used the calculators that are usual. Bitcoinwisdom calculator, coinwarz calculator and hashing24 calculator. To be sure, I calculated on all three, compared the results and invested only after I was satisfied with returns.

Now, when purchasing, my mind was on how much I was putting in for how much GH/s. And when looking at the initial prices, Genesis and Hashflare contracts were quite cheap compared to hashing24.com .

Here are my purchases on Genesis-mining.com so far.

Here are my purchases on hashing24.com so far.

Here are my purchases on hashflare.com so far.

HOW MUCH DOES EACH COST IN BTC?

The cost of purchase is given in BTC in genesis and hashing24, but is shown as USD in hashflare. So, lets convert that into BTC, shall we?
In genesis-mining.com, I bought 20 TH/s for 0.58 BTC. So, if we divide 0.58 with 20, i.e., 0.58/20 = 0.02900 BTC per TH/s
In hashflare.com, I bought 1.6 TH/s for 192 USD, which comes down to about 0.04433 BTC as of the price now. Dividing it by 1.6, i.e., 0.04433/1.6 = 0.02770 BTC per TH/s
In hashing24.com, I bought 7 TH/s for 0.45164. So, dividing that by 7, i.e., 0.45164/7 = 0.06452 BTC per TH/s

So, per TH/s, I payed as follows in each of these websites :
Genesis-mining : 0.02900 BTC
Hashing24: 0.06452 BTC
Hashflare: 0.0277 BTC

BTC
**Note.. these prices change with change in BTC value, which is quite fluctuating.

Looking at that graph, we can clearly see that we can get more TH/s on Genesis-mining and hashflare than hashing24. Hence, when buying, it was a no-brainer. Put the largest percent of investment in genesis-mining or hashflare.

WHAT ABOUT THE MAINTENANCE FEE?

Then there is the issue of 'maintenance- fee'.
Here are maintenance fees of each website per TH/s per day :

Genesis-mining.com : 0.28 USD
Hashing-24.com : 0.33 USD
Hashflare.com : 0.35 USD

So, in terms of money spent on daily maintenance, genesis-mining wins.

Looking at these two pieces of data, the cost of buying Hashing power, and daily maintenance, we tend to decide on which one to invest in. And by the looks of it, Genesis mining wins with hashflare getting to a close second. And hashing24.com lags way behind.

Usually for most people getting into cloud mining, this is where the story ends.

HOWEVER, THATS NOT THE COMPLETE STORY!! Here is the kicker!

Really now. We do not invest just for the sake of investing right? We are interested in the returns, the pay outs. All three websites mine Bitcoin and payout their customers daily. (Although, at the moment of writing, genesis-mining.com is having issues and is paying out once every two days and for me, with a delay of 3 days.)
The pay outs are in Bitcoin (BTC) and are sent to the wallets we specify.

Now let us look at payouts shall we?

For me, this is how it is playing out.. completely not as I expected!
Check these pics out.

Genesis mining payout page :

In this pic, you can see how much I am getting payed out per day. The payout has been happening on alternate days, and the payout includes the mining returns of both days.
From that pic, for 44.35 TH/s of mining power, genesis-mining has made me 0.00877626 BTC (on 23rd August).
So, per TH/s, we need to divide 0.00877626 with 44.35 :
0.00877626/44.35 = 0.00020038015 BTC.

Hashing24 payout page :

You can see that on 23rd August, Hashing24.com payed me 0.00187529 BTC for a mining power of 7 TH/s.
So, per terahash it is,
0.00187529/7 = 0.000267895714 BTC.

My hashflare payout page :

You can see from this image, that for 1.6 TH/s power, hashflare.com is giving me 0.00032911 BTC. So, per TH/s,
0.00032911/1.6 = 0.00020569375 BTC

Lets chart this shall we?

From the chart, we can see, per day, per TH/s hashing24.com wins hands down. Now, when you put in multiple terahashes, say a 100, then the difference in BTC really shows. Add to that the fact that its not just daily payouts, but when you look at it over a month, the difference is substantial. Add on top of that the rising BTC prices, the difference can be huge, and potentially in 1000s of dollars.

In conclusion, I feel that although each TH/s is costing more than twice on hashing24.com as compared to genesis-mining.com and hashflare.com, when it comes to payouts, it makes up the cost quickly and produces far more. By the looks of it, for mining with 10s or 100s of TH/s, hashing24.com wins hands down as on today, August 27th 2017.

For instance, if you mine with 100 TH/s, at the end of the year, you will have 2 bit coins more, if you mine with hashing24, than with genesis-mining or hashflare. At todays' price, thats 9000 USD difference.
For 100 TH/s, mining for a year (ignoring difficulty increase for simplicity sake), the income will be:

Genesis-mining: 7.313875475 BTC

Hashing24: 9.778193561 BTC

Hashflare: 7.507821875 BTC

So, you will end up with most number of bitcoins at the end of the year using Hashing24. Shall we call them the winner??

NOT SO FAST!!

If we consider the initial costs, then we can estimate our profits properly. So, how much does it cost to buy 100 TH/s from each of these guys?

Buying cost of 100 TH/s from each of these sites is :

Genesis-mining : 2.9 BTC
Hashing24 : 6.452 BTC
Hashflare : 2.7 BTC

So, finally, at the end of the year, our profits are :

Genesis-mining : 7.313875475-2.9 = 4.413875475 BTC
Hashing24 : 9.778193561-6.452 = 3.326193561 BTC
Hashflare: 7.507821875-2.7 = 4.807821875 BTC

Seems like Hashflare is the winner in terms of pure BTC profits for mining 100 TH/s, without considering difficulty increases.

That said, if you are mining BTC to convert it into fiat currency, the whole game changes again. With Bitcoin's rising prices, having most number of BTCs to sell at the end is the real game. So, with what ever you buy, your investment costs are low if you go with genesis-mining or hashflare. However, at the end of the year, when you are cashing out, even 2 more bitcoins extra with you makes a whole lot of difference. The 2 extra coins you get from hashing24.com, at today's price, means 9000 USD extra than the other two!!

So, if you are mining just for BTC, go for either genesis-mining or hashflare. Low investments. Better final profit in terms of BTC. Better yet, mine half and half with each of them for what ever you are investing.

THAT IS, IF YOU ARE LOOKING FOR BEST PROFIT IN TERMS OF BTC, GENESIS-MINING AND HASHFLARE ARE NECK TO NECK, AND CLOSE WINNERS, PER TH/S.

However, if you are mining to cash out, hashing24 is your best bet. Although initial investment is almost twice as that of the others, the return over the years, when considering potential price of Bit coin then (which could be in tens of thousands, may be), you will make a lot more with hashing24 than others. Also, all these contracts are life time. So, you will hold that edge of extra profit right into year 2 and year 3 of mining if you go with hashing24.

IF YOU ARE GOING FOR FIAT RETURNS, IN USD THAT IS, HASHING24 IS HANDS DOWN WINNER, PER TH/S.

BUT WAIT!

Not all of starts with the idea that 'I am going to buy 100 TH/s'. Instead, we start with 'I am going to invest x amount of fiat money'. Now, you start with an X amount of Investment, and you want to maximize profits, the equation differs.
You end up getting far more TH/s with genesis-mining.com/hashflare.com than hashing24.com

For instance, if you start with 65000 USD investment (as in aug 2017), then, you will get these many TH/s from each of them.

genesis-mining.com : 520 TH/s
hashing24.com : 233 TH/s
hashflare.com : 546 TH/s

Which means, you are getting more bang for the buck! At the end of the year, you will end up (subject to mining difficulties, orphans, etc.), with the following amounts of BTC from each one. (the values ignore difficulty)

genesis-mining.com : 37 BTC (approx)
hashing24.com : 22 BTC (approx)
hashflare.com : 39 BTC (approx).

So, if you start with 65000 USD, you will be lot more profitable with hashflare.com, second place to genesis-mining and hashing24 lags far behind.

GIVEN AN INVESTMENT AMOUNT, HASHFLARE IS CLEAR WINNER WITH GENESIS-MINING IN CLOSE SECOND. HASHING24 LAGS BEHIND QUITE FAR.

SO, HASHFLARE AND GENESIS ARE WAY AHEAD IN TERMS OF PROFIT, PER UNIT OF INVESTMENT.

I know each has their diehard fans.. but facts are facts. And there they are. Hope this is helpful for those who invest.
Very interesting it was to analyze this. All of this is based on numbers I am getting, and might not be a 'general' rule for all. Also, I am not a financial adviser. So, make your own mind up and do your own calculations! Happy mining!

Cheers!
DJ