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RE: Bitcoin Mining and Genesis Mining BTC Contracts ARE BACK!!...............
I wouldn't agree that this is definitly a better investment than gold or some altcoins. Maybe, if you are extremely lucky, but I think it is unlikely.
It isn't a lifetime contract, as soon as the fees that are charged every day per GH/s exceed your return in BTC the contract gets canceled.
Check my blog @xwerk for detailed stats. Right now it takes about 400 days to ROI, but only if difficulty doesn't increase and/or the BTC price doesn't drop:
Genesis Bitcoin Mining Day 88
altcoins are speculation and only a few of them have case uses.
bitcoin mining is increasing everyday more, the price, and the security because of the network hash power.
even bitcoin with the fork debate and slow transactions cannot keep adaption and price from rising.
gold has little industrial use.
silver has more industrial use.
and bitcoin mining secures the network, and bitcoin is the oldest surviving crypto.
Sure, couldn't agree more. But doesn't change the fact that you are probably better off just buying and holding BTC than using cloud mining.