Is cloud mining still profitable?

Lending platforms is a big feature of the cryptoverse nowadays but is cloud mining still profitable?

As we all know there are a few big icons in cloudmining, from genesis mining to hashflare but many of them seem to be increasing either their fees or their price per GH, today we will be going over a review of the top 3 cloudmining sites and whether or not to invest in them.

First of we have the biggest cloud mining site out there (based on number of users): Genesis Mining

Now genesis mining was founded back in 2014 and is still going strong, but at the moment the only have one contract available, ether mining contacts that last for 2 years, now the minimum you can purchase with these contracts is 40 MH/s ($1520.00) which would make you around $4 a day, seems decent doesn't it, but lets check out the other 2 sites first and see on average how much better they are compared to genesis.

Hashflare.io:

hashflare was founded back in 2013 1 year before Genesis Mining, and has been a top dog in the cloud mining world! but what we are here for is to find out the profitability of each site. Say we invested the same amount of money we did into genesis how much would we be making?: $1540 ($20 Extra) would be making us around $6.95 per day! That's $2.95 more per day! Sounds great, lets move on to our final site!

ccgmining:

CCG Mining is a new-ish cloud mining site founded in 2016, compared to the others beasts of cloud mining will it be more profitable that the others? so using their profit calculator on their site i can see that putting in $1520.00 Would be giving us around 4TH of power, generating us around $4 a day from mining with them, about the same as genesis, but as we know it may not be as reliable as the others (being founded in 2016)

Conclusion:

So now its time to take your pick, what would you invest in? Would it be genesis the site with the most users, or would it be hashflare founded first out of the lot of them, you might even want to try something new with CCG mining and pick them. Altogether my choice would be hashflare, as i know they are reputable and have decent prices with the best ROI out of all of these sites!

Links:

If you are looking to give a fellow Steemian a helping hand and want to start investing with any of these sites feel free to use my referral link and join my team (gives me a small commission)

Hashflare: https://hashflare.io/r/A8A31484
Genesis Mining: https://www.genesis-mining.com/a/yte8wT
CCG Mining: https://www.ccgmining.com/aff.php?aff=14746

Have a good morning guys!