Ian, thanks for the answer. but I have another question. which of the cloud mining made you satisfied? genesis-mining or hashnest? In total with considering the ROI and overall profit and fee, which is most profitable?
Well I like both, they both have advantages.
Advantages for both
Both are legitimate, not fraud companies. So I feel safe that they are not going to just suddenly disappear.
Hashnest Advantages
You can buy and sell hashpower so if you want to leave, you can just sell up and do that.
Display panel is quite neat so you can follow mining results and blocks found on the interface
You can purchase miners though Bitmain and assign them to Hashnest as well.
Payouts get stored on site so you can reinvest quicker,
Hashnest Disadvantages
Only pays out in Bitcoin plus when you do, then you also have to pay a withdrawal fee.
Trading system is great but also if traders are dumping then your hashpower can become worthless if you are trying to sell it as well.
Doesnt accept Credit Cards
No affiliate scheme, even if it was just small rewards, like GM.
As your Bitcoin is stored onsite unless you move it could be a problem if your account gets hacked or the site gets hacked as you could lose your BTC.
Genesis Mining Advantages
Can get payouts in other coins without having to trade yourself. So you can get payouts in Doge, Litecoin Dash etc.
Get daily payouts without having to pay a withdrawal or transfer fee. Also as your coins are paid to you directly each day, then its not so easy for them to get stolen by hackers.
Can purchase with Credit Card if you want
Have an affiliate system with small discounts for users etc
Genesis Mining Disadvantages
You can not sell or trade your hashpower so once you have purchased it, then you have to stick with it.
Interface is basic compared to Hashnest so you just get payout info each day but you can not really monitor it like you can with Hashnest.
Thats what I can think of for now.
If you look at my payout history for Hashnest and GM you will get an idea of the daily payouts.
I think that Hashnest is more profitable at the moment with S5 hashpower being good, but will be interesting to see what happens now that GM has got new lower fee contracts out.
Ian
