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1  Economy / Service Discussion / Hashflare vs Genesis vs Bitforx - My experience on: April 12, 2018, 09:18:11 AM
A lot of my friends have been asking me if Cloud Mining is worth it, since iíve been mining Bitcoin this way for a long time now. Some think that it is too late to invest in Bitcoin, but itís still here, itís still strong and we still get profit. So.. first of all, I want to say that all the Beginners go through this problem and it is hard to choose whether you want to use cloud services or physical Mining. Let me tell you something that Iím really comfortable withÖ  I want to compare three main cloud mining service providers in this article: Hashflare, Genesis Mining and BitForx. Each has their own benefits but in my experience BitForx is the best - here is why!

Let me tell you why i decided to work with cloud services providers the first time. Cloud Mining for me has been a method to invest in Bitcoin, or just get a Bitcoin without knowing anything about Mining Equipment and care that it needs. Ever since the Bitcoin became a serious thread and a source of investment, Iíve been thinking in getting involved in it. However, I never had time, nor the knowledge for building up a Miner and taking care of it. Now I know this sounds cheesy but thatís where Cloud Mining came in my life. It was scary at first, because of all the scams and dishonest companies that would just collect the money and skedaddle.

I started small and I started carefully. I have been working with several cloud mining companies through these ears and came across different versions of scammers and professionals. Have been working with the company that started out as a good paying one, but after 2-3 payouts, I stopped receiving money and thatís when I knew I had to end my contract with them. I came across the companies that would constantly change their Price Policy or Contract duration, details, agreement conditions and other important information about Customer Company relationship. Hashflare for me was a good and comfortable choice, at first I would get 8.1 USD daily for a 500 USD investment but since then theyíve changed some of the agreements and it all confused me, besides this they had a lot of withdrawal confusions and fees. Genesis Mining is probably the most well-known company in Cloud mining field and of course my curious self tried to work with them as well - it didnít went well. I has problems with payouts, they would always be late answering my questions and emails, it would frustrate me and I thought i would be more than lucky to get at least 20% of my investment back.  I was profiting from all of them of course, in a way,  but it still seemed a little sketchy and suspicious. Third and the most outstanding one is BitForx. So far theyíve served me well and iím pretty much satisfied with everything Iíve got from them.

It gets easier to not trust anyone on Internet when youíve encountered so many scammers and money hungry people, and it gets harder and harder to find a good fit for you. This last few months I came across a company named BitForx. At first I wanted to use their wallet to see how I would benefit from using a Cold wallet (at this moment I was also working with other cloud mining service providers), but then, after communicating with their Customer Relations representative, I wondered what it would be like to start cloud mining Bitcoin with them. Itís been 7 months and Iíve already seen this company develop in so many angles. What I like the most about them is stableness. Stable contracts make me happy and easy to let my guard down. There are absolutely no price changes with BitForx like it was with Hashflare through all these years. I did not start with a big amount of investment, just to try out I just invested 30 USD, after that I would just add some contracts from time to time.

Now, if you compare these companies:

Hashflare offers Customers a 1 year contract. The pricing is quite debatable because they tend to change it quite often, but as for today it is $120 for 1000 GH/s.
Genesis Mining offers $179 for a variable contract time and currently is out of stock of every Bitcoin mining contracts.  After some research I found that Genesis Mining mines coins with pretty old Miners, their equipment is outdated and needs updating.
BitForx, however offers a 2 year contract for $180, this price has been stable and the contracts are most suited for Customers than the company itself. They own a mining farm which contains 10 000 miners and let me tell you that they are equipped with actual modern technologies, latest models of Miners and a full transparency of their process. Their staff seems nice and overall they seem to be a strong competitors for other Cloud Mining providers.

I know there are lot of you who would like to Mine Bitcoin and do not know the trustful source, are afraid of making a mistakes and so on. There can be many doubts about such serious decision, but my aim is to ease this process for you and recommend this Company. BitForx has an excellent Customer Service, their community activity is all over the social media and crypto forums, it is more than easy to contact them, and even the team memberís LinkedIn profiles are available. I donít want this to be hard for anyone, because through some years Iíve been struggling and making mistakes trying to find a proper cloud mining services. Through some scammers and liars, I found some honest companies. The thing that makes BitForx perfect for me is that, itís a small company and every single customer is precious for them, and believe me, Iím not just saying this, the answer ratio for them was maximum 2 hours and all the answers included detailed information on how to handle some problem, or how to start doing something, etc. And Iím not talking about pre-prepared templates or step-by-step instructions, mindless emails Ė Iím talking about real human communication and care for Customers. Their prices and contract durations are reasonable and they offer us a great service. So if my advice has any value, then I am more than happy to advise you this Company. Every single company needs some time to establish themselves in the market, especially when the market is hard to master, is crawling with scammers and has a lot of competitors all over the world. We just have to give them time to grow as big and strong as their long-time competitors. It is important to find an honest and trustful company like BitForx, to grow with it and profit from your investments.
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