Are genesis and hashflare trustable?

[BrickShares]

Are genesis and hashflare trustable?
How made it untill at least break even?
I have already bougth 1TH in both cloud mining websites! So far made arround 9 dollar after 10 days in each! So 18 in total!

[nydiacaskey01]

Are genesis and hashflare trustable?
How made it untill at least break even?
I have already bougth 1TH in both cloud mining websites! So far made arround 9 dollar after 10 days in each! So 18 in total!

The return of investment on both sites are 1 year or even more. You can earn more if you trade alt coins. Regarding Genesis-mining and Hashflare.io legitimacy, that one is questionable if you ask me. They haven't posted anything that will prove that there really is a mining operation going on in any of their sites.

[wantjokull]

Are genesis and hashflare trustable?
How made it untill at least break even?
I have already bougth 1TH in both cloud mining websites! So far made arround 9 dollar after 10 days in each! So 18 in total!

The return of investment on both sites are 1 year or even more. You can earn more if you trade alt coins. Regarding Genesis-mining and Hashflare.io legitimacy, that one is questionable if you ask me. They haven't posted anything that will prove that there really is a mining operation going on in any of their sites.

Hashflare seems to be paying genuinely. It's true that they don't have mentioned any details regarding mining. One could have posted their physical presence or shown some pictures too, but nothing like that seems to be shown up. I have tried hashflare but return of investment takes forever. More importantly they increased minimum cashout limit which is way ahead one could imagine. It takes longer to mine that much and you could barely cashout once or twice in the month.

[BrickShares]

Ok so could they both be ponzi's?

[bajing]

Are genesis and hashflare trustable?
How made it untill at least break even?
I have already bougth 1TH in both cloud mining websites! So far made arround 9 dollar after 10 days in each! So 18 in total!

Both sites have been running long time,I can say they can be trusted as a place to invest but I have one suggestion that is to use your money for trade rather than being used to invest in cloud mining because it is not profitable.

[arwin100]

Are genesis and hashflare trustable?
How made it untill at least break even?
I have already bougth 1TH in both cloud mining websites! So far made arround 9 dollar after 10 days in each! So 18 in total!

Preferably they are used to become a trusted site before and even now but for the fact that their ROI given to their investor is pretty much awfull right now I think Our trust is not worth for the time we spend on them since we cannot earn more money for investing at their company and might better if you shift on another ventures since you can even earn more on that, just try to learn tradings since it is better than investing on cloudminings.

[crazyivan]

I d say both re OK in terms of trust.

The problem is ROI. You need to be EXTREMELY careful and constantly reinvest large chunk of your profits in order to reach ROI. If I would have to choose between two, I d go with Hashflare.

[zend7]

Why lose money to these sites ? They maybe are trusted but you will never ROI with them. The only possibilities to make money with bitcoin are trading and holding bitcoin for a longer term. If you are not good a trading and you were looking for a passive income I think it is better for you to hold the bitcoins.

[cafucafucafu]

Are genesis and hashflare trustable?
How made it untill at least break even?
I have already bougth 1TH in both cloud mining websites! So far made arround 9 dollar after 10 days in each! So 18 in total!

Mate you should have really done your research before you invested anything into these sites. Right now it's too late asking any questions as it won't help with your existing deposits but i guess it could save you on future losses.

Genesis mining is well known, and probably the most legit cloud mining site out there. They have a youtube channel with thousands of subscribers(not sure real or partially bought), showcasing their mining rigs on a monthly basis. However, they are known to have ridiculous fees which can eat up your profits, and in the end most people don't ever get their ROI back.

Hashflare is questionable. Although it's been around for a long time as well you can tell from the design it looks like a scam site. I have no conclusive proof but it's gut feelings. Company is based in Estonia which means if they go scam there is no way you'll track them down realistically.

I suggest investing in a altcoins or a bankroll of a casino if you are looking to invest, not cloud mining.

[bL4nkcode]

As far as I know, these websites run for a long time, I know exactly the years/months is, and there are many users also who get in there but most of them I dunno if they get their ROI almost already it takes a year or even more than a year. So all I can say is its a waste of time and money if you want to invest there. I will prefer what above this post said, investing altcoins is much better than cloud minings.

[TrissMerigold]

been using genesis mining a month ago and it goes smoothly even withdrawal takes an ages yes the site say instant but actually no , yet its reliable i think but in some case now i heard they are turning into scam investment , just be careful fam , for hashflare didnt try it yet

[pinkflower]

Cloudmining is not profitable because BTC mining itself is a game of very small gains. There is a reason why the mining industry is now controlled by only a few mining farms.

So dont give them your money.

[BitHodler]

Why lose money to these sites ? They maybe are trusted but you will never ROI with them. The only possibilities to make money with bitcoin are trading and holding bitcoin for a longer term. If you are not good a trading and you were looking for a passive income I think it is better for you to hold the bitcoins.

Because people are simply said too dumb to spot potential dangers.

Hashflare's trustworthiness is very much debatable, but Genesis mining is a pure black hole that swallows practically anything people throw in it. I don't understand why people think otherwise ~ it's a pure scheme.

If people so badly want to earn at least something, then there are a few passive alternatives, but they are not entirely risk free, and they require people to have patience. Patience is something that most people here are lacking.

[BrickShares]

Why lose money to these sites ? They maybe are trusted but you will never ROI with them. The only possibilities to make money with bitcoin are trading and holding bitcoin for a longer term. If you are not good a trading and you were looking for a passive income I think it is better for you to hold the bitcoins.

Because people are simply said too dumb to spot potential dangers.

Hashflare's trustworthiness is very much debatable, but Genesis mining is a pure black hole that swallows practically anything people throw in it. I don't understand why people think otherwise ~ it's a pure scheme.

If people so badly want to earn at least something, then there are a few passive alternatives, but they are not entirely risk free, and they require people to have patience. Patience is something that most people here are lacking.

True but for cloud mining you actually need patience! Invested 0.055 btc in 1TH!
Now i'm making 0.0004 btc every day. But on avarage for this year i think to make at least 0.00025 a day! Thats 0.09125! Maybe and of this year bitcoin migth be worth 4000 dollar. Then i'll be happy with this investment! And afterward i'll keep the contract mining more maybe 0.03 next year! 
But i won't invest more after all the warning from you guys!

[mindrust]

Stay away from cloud mining.

None of them are legit. Most of them don't even mine. I don't know much about hashflare but genesis mining has many scam accusations all over the forum.

The only way to make money via coudmining is luring more people in (referrals) and that's not mining, it is ponzi.

[BitHodler]

@BrickShares ~ I assume you bought 1TH from Genesis mining?

Problem isn't the first period of your investment since everyone gets paid accordingly, but the real difficulties will start being visible after a few months.

You'll then realize that what might look decent right now, will be a waste of time after a few months. You'll directly also realize that the chances on actual ROI will be next to zero.

Thousands of people have gone through this before you. These people also tend to make the mistake of reinvesting what they earned into more mining power.

It means that you have to start from zero each time you reinvest your earnings into more mining. It's a solid waste of time, you'll soon realize ~ just make sure you don't reinvest.

[FlamingFingers]

There are no trusted cloud mining websites/platforms. You should never trust cloud mining – they can get away with your investment funds any time. Although both Genesis and Hashflare have been long in the business, still, I don't trust them.

[fireball4]

Are genesis and hashflare trustable?
How made it untill at least break even?
I have already bougth 1TH in both cloud mining websites! So far made arround 9 dollar after 10 days in each! So 18 in total!

I never trust the cloud mining services because most of them have failed in the past and it's almost impossible to make profit with it. However, the genesis mining have kinda proved their legitimacy by showing their mining farms and stuff, so they might be legit. Though it's one of really not many cases so all in all I wouldn't recommend you to invest in it as there's a possibility that you will lose money.

Are genesis and hashflare trustable?
How made it untill at least break even?
I have already bougth 1TH in both cloud mining websites! So far made arround 9 dollar after 10 days in each! So 18 in total!

The return of investment on both sites are 1 year or even more. You can earn more if you trade alt coins. Regarding Genesis-mining and Hashflare.io legitimacy, that one is questionable if you ask me. They haven't posted anything that will prove that there really is a mining operation going on in any of their sites.

For trading altcoins you actually need to spend tons of time on research, know how the psychology of traders usually work and have balls of steel. Thus, It's tough to make profit with it while investing into cloud mining it's way easier to make money if it actually doesn't turn to a scam.

Cloudmining is not profitable because BTC mining itself is a game of very small gains. There is a reason why the mining industry is now controlled by only a few mining farms.

So dont give them your money.

Well if we take into consideration that they use those money for buying the equipment and you have to pay the fees of electricity and maintenance, it is possible that you can end up in profit. Though it might take a really long time because the fact that the difficulty will also increase over time you could need to wait for a few years.

I think it's more of the way to freeze your funds so you don't do any stupid moves with it. When you deposit it to the cloud mining services you get small amount of money every day. It's kinda like a wage.

[giveen]

You really made the worst decision and reason is pretty simple :
First of all the idea of cloud mining is the best idea of scamming people and as genesis doesn't assure any sort of special return and says they mine so they can't decide it is really easy for them to scam you. What they do is pay youbin pennies for you 1 btc purchase and after 6 months when you get half investment back they will mostly suspend your contract saying your cost is more the reward or they will simply just block you from accessing their site. Just check on google there are thousands of scam accusations against it.

[raymond541]

All cloud mining sites are ponzi.I invest bitcoin many site but at the end I cant even get back my investment.I Just can tell you keep away from Cloud Mining.try to withdraw your investment soon otherwise you have big chance to lose your investment.if you want to do real mining try mine with AntMiner that would be best decision.you can buy new AntMiner S9 its now popular.the real mining is rig mining.