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Author Topic: Genesis Mining vs Hashflare Review - Which is better?  (Read 14778 times)
cashkits
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September 08, 2017, 04:04:25 PM
 #41

With the rise in bitcoin and other cryptocurrency, does anyone still think cloud mining is not profitable? From my own view, I think the smallest of bitcoin will mean a lot in the long run. Don't you think so?

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October 04, 2017, 11:48:42 AM
 #42

Mining other cryptocurrency with genesis mining or hashflare will definitely give you better ROI than bitcoin.

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October 04, 2017, 03:15:38 PM
 #43

Obviously none of them and this question is getting way awkward for the cloud mining industry. Because they have made there publicity in that way and are not paying attention to what their customer really want from them. The problem is not with the cloud mining industry it's actually the people who are involved within the industry that operates all the mining operations. They see all the money flooding into their wallet which is the only thing they want and they will just disappear once they have got enough.

Now let's talk about the genesis and hasflare? Recently have you seen any bird talking about its legitimacy ? May be yes, one in hundred talks about them and I think that bird comes from the affiliation of these companies and nothing much. So don't bother investing in it.

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October 04, 2017, 03:17:43 PM
 #44

Not invest in cloudmining companys, you will have better earning by just purchasing bitcoins at low and selling them high.
The forum is plagued of why you shouldnt be investing in this kind of sites, in a long term while you cloud mine, using that money to purchase bitcoin directly will give you a better income.
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October 04, 2017, 03:25:00 PM
 #45

Mining other cryptocurrency with genesis mining or hashflare will definitely give you better ROI than bitcoin.

None of them I prefer to use, it's better to mine with hardware or real mining rig. Instead of investing to them, it's a good feeling if you can find it out that mining with your very own rig will give you a chill and you have an assurance that you are earning real bitcoin with the alt coins you mine. The contracts on those cloud mining aren't realistic, the life time contract on hashflare was gone so what do you expect? That's something untrustworthy.
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October 04, 2017, 05:49:44 PM
 #46

Honestly, i think that they both are going to be a huge scam in some time, hashflare had some many bugs and troubles in the last few days, and everybody is complaining about them, because the withdrawal section is a little bit bugged. They both are almost the same but with different name.. I dont understand those who are still mining bitcoin instead of ethereum or monero.

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October 19, 2017, 07:26:33 PM
 #47

I am mining on both of them and both are paying me as I expected. But I think some how I am getting more paid in hashflair. Still its my opinion, you dont have to take my word for it. With Bitcoin projecting at 25k in 10 years, I think everything is worthwhile. You can use beliw link if you want to check as well:
https://hashflare.io/r/34EFC727

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October 30, 2017, 08:27:32 PM
 #48

Hashflare seem to be people's favorite as to cloud mining. Why?

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November 06, 2017, 03:13:12 AM
 #49

Genesis mining is  more Better than hashflare. Because genesis is now the only global player and it is the oldest mining company in cloud mining.

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November 06, 2017, 07:19:30 AM
 #50

Genesis mining is  more Better than hashflare. Because genesis is now the only global player and it is the oldest mining company in cloud mining.
Have you experienced genesis mining or any other cloud mining personally ?  Cloud minings are not profitable anymore, you will have to wait months longer to get 30% of your base investment.
I don't understand why people still like to mine with cloud minings even they are not suggested to do so. People are now leaving these contracts mining.
It is most better to trade in bitcoin and some major altcoins for winsome results than to invest in cloud minings

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December 02, 2017, 12:17:17 AM
 #51

The most legit, if not the only legit cloud mining is offered by Hashnest.

Hashnest is a Bitmain company that throughout the years has been producing the most powerful and efficient ASIC miners. Currently they sell the AntS9 (SHA256 miner), AntL3+ (scrypt miner), and AntS3 (X11 miner). AntT9 coming soon.

The reasons they have been able to stay legit in cloud mining:

1) Hashnest produces their own famous Antmain ASICs. Do not buy mining rigs from "middlemen"
2) They are based in China where electricity is sooooooo cheap. Therefore low maintenance fees (I believe if you are located in an expensive energy country like I am right now, physical home mining would be less profitable than Hashnest.
3) Their mining pool has about 20% of the global BTC hashrate.
4) Unfortunately i think they are trying to centralize or control bcash, so no room for any scams or they will fail in centralizing it.
5) They also have hash market. Where people could trade their hashes for BTC
6) If an ASIC becomes unprofitable, they give you the option to have it shipped to you (since it belongs to you), but you would have to pay shipping and handling fees.
7) Recently they created some lottery system where u can buy tickets with Bitcoin to win a miner like S9
Cool They also have the PACMIC contracts which are very low risk, but low yield (currently not offered because of the stupid forks)
9) They keep trying to reduce electric cost and making making announcements about it. Right now I believe is about $0.07 per KWhr. I remember it used to be $0.09 like 2 years ago and at some point they announced it up to $0.11 temporarily due to some disagreement with their power supplier, until they changed it as brought it back to $0.09
10) There is no HashNest referral program! (Usually associated with scams, ponzis, pyramid schemes HYIPs, ... etc.)

NOTE: passive mining at Hashnest is only profitable if you buy a whole miner from them (at lower cost per GH than the markateplace). You could make extra profit by buying low and selling high, but you won't make any ROI if you just buy hash shares from the market.

That said, although I already made ROI on 2 S7 miners in about a year (S7 still profitable on hashnest), I have been desperately trying to by an S9 miner since March. I was too late to the party when they released S9 contracts and there hasn't been any announcements of any further S9 batches. They are in huge demand and tough to grab. My only advice is to try to check daily for announcements and the Hashnest store for when a new batch becomes available for cloudmining. They used to release like 3-4 batches a year, but the more time passes the less batches they are releasing, which makes some sense. Usually mining operations need capital in the beginning, the more they grow their mining operation, the less capital they need from investors to produce more ASICS for their personal use.

Now my turn to ask!  Tongue

Does anyone have any insight or experience with NiceHash? I've been trying to figure them out but there's too many variables. I'm finding it hard to believe that NiceHash is profitable since there are 2 middlemen: the hashrate renter and NiceHash. Also, if someone has a mining rig with cheap maintenance, Why on earth would he rent it out rather than making all the mining profit himself?

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January 20, 2018, 02:40:41 PM
 #52

I have used Hashflare for more than 1.5 months and so far the payouts are following my initial forecast. ROI on one year is 400%, could lower to 300% according to the difficulty of hashrate.
But this cloud mining is legit, no doubt about it.
I have a written blog with some advice, screenshot and explanation, check https://hashflare-review.com
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January 20, 2018, 02:41:51 PM
 #53

I think genesis mining better than it , ı have both accounts

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January 20, 2018, 11:24:06 PM
 #54

It is more simle, that you think. With Hasflare.io you can still buy new capacities while Genesis has nothing left in stock at all. And in the field of cloud mining it is worth working for the future, rather than a one-time payment.
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