Hashflare and Genesis | Bitcointalksearch.org

michkima

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Quote from: lilares on August 26, 2017, 05:28:56 PM

Hi guys,

think this may actually be my first post, not sure, but something came to mind and I was curious if you guys noticed it as well.

I have contracts with Hashflare and Genesis (if you have any recommendations I would love to hear them) , I have pretty much have had the same amount of power mining since ummm say last year, I added to genesis about 2 months ago and plan to add a great deal to hashflare coming up here.

As I said I've had the same amount of mining power, earlier this year I noticed my hashflare leaped to like $8 a day, which helped me get my return a lot faster , since then these last few months I have not been able to break $7 , no matter what pool I'm mining in. My thing is I could be wrong , I'm sure I'm still a few steps back on how everything works, but If I was making lets say $6 a day 2 months ago and bitcoin has pretty much doubled since then, should I also be making double especially with the fee's being up?

Let me know what you think, look forward to hearing from you and also if you having any cloud mining recommendations , none of those microhash , bitlakes , thunderbit , i'm talking legit stuff..

This is definitely about the difficulty increase too. Since the prices jumped by a huge margin, a lot more people started mining.
Which also means that the mining pools also got a lot more miners into their system which resulted to more miners sharing
the profits of the mining pool.

coolcoinz

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Quote from: Proceed on August 29, 2017, 02:21:59 PM

Quote from: aoihs00 on August 28, 2017, 11:31:12 PM

When we speak about the cloud mining recommendation then there is only one thing that struck the mind, its ponzi and not worth investing into it. See if you have the big investment in your hands then just go for the hardware mining and start earning the profits almost within one year of investment. For cloud Ming your investment will stop paying you once they become obsolete and you are left with a site showing your stats but not paying you. You will never wanna stand in that kind of situation. Having hardware mining stuff is having real thing around us. Hope you will read more about cloud mining and it's not worth folks.!

All right, cloud mining is a ponzi scheme, it's a scam.
Why do the owners of cloud mining themselves not mining bitcoin and other cryptocurrencies? Because they do not have farms for mining!
Show me photos of their farms, they simply do not exist. Want to extract, buy gpu and asic Cheesy

Some of them have real farms. Their system of scamming is different than what you think.
It has been explained here many times in various threads. They are taking money from you and treating it like it was a loan. You're buying a "lifetime contract" with a projected 1-2 year ROI, thinking after that time you're going to start earning, but what happens is they are buying miners with your money and after that ROI time start paying you pennies or saying that your contract is no longer profitable. They are left with the miner you helped finance and can continue mining or sell it on ebay Wink

Maum

full member

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I think, cloud mining can be profitable. I have good earnings on hashflare, but its good to change the pools, when power goes down. I wouldn't recommend cloud miners besides the two because most are scam.

Proceed

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Quote from: aoihs00 on August 28, 2017, 11:31:12 PM

When we speak about the cloud mining recommendation then there is only one thing that struck the mind, its ponzi and not worth investing into it. See if you have the big investment in your hands then just go for the hardware mining and start earning the profits almost within one year of investment. For cloud Ming your investment will stop paying you once they become obsolete and you are left with a site showing your stats but not paying you. You will never wanna stand in that kind of situation. Having hardware mining stuff is having real thing around us. Hope you will read more about cloud mining and it's not worth folks.!

All right, cloud mining is a ponzi scheme, it's a scam.
Why do the owners of cloud mining themselves not mining bitcoin and other cryptocurrencies? Because they do not have farms for mining!
Show me photos of their farms, they simply do not exist. Want to extract, buy gpu and asic Cheesy

coolcoinz

legendary

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Quote from: lilares on August 26, 2017, 05:28:56 PM

I have contracts with Hashflare and Genesis (if you have any recommendations I would love to hear them)

I have one for you. If you gave them your money despite all the negative comments it's your decision (and IMO your mistake), but don't get greedy and don't put more money into this scam. If you want to invest buy the coins you like and hold. Look what happened to LTC. This year it pumped once in Spring and again this week. Your profit from investing will be much greater than from fake mining.

aoihs00

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When we speak about the cloud mining recommendation then there is only one thing that struck the mind, its ponzi and not worth investing into it. See if you have the big investment in your hands then just go for the hardware mining and start earning the profits almost within one year of investment. For cloud Ming your investment will stop paying you once they become obsolete and you are left with a site showing your stats but not paying you. You will never wanna stand in that kind of situation. Having hardware mining stuff is having real thing around us. Hope you will read more about cloud mining and it's not worth folks.!

ss890

sr. member

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By reading your post I have started thinking that hashflare is going down or what? How can your earning drop to that low and on top of that they have increased the fees also. I understand difficulty could be the reason but it's not changing over such short of period of time. I think they are adjusting their profits! Lols. Just rethink, they have dropped your per day earnings as well as increased the fees too which means only one thing that they don't want you to cash out your earnings so easily at this peak period. May be that's the way cloud mining works. It's furious and no one knows when they will turn to scam.

Btchunter3333

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Hello. I am using Hashflare and now i receive 0.00033 bitcoin in a day. I don't know if i will get Roi in bitcoin or not but i don't have enough money to buy a bitcoin miner yet.

lumeire

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Quote from: swogerino on August 27, 2017, 03:57:01 PM

Both these platforms will not make you any money but all the contrary , they will make you lose some money or all of your money you invest there. Genesis Mining has contract rules that 99.9% of people don't read and get fooled that they will make money with them. These contracts states that if mining difficulty increases they shut down your miner making you lose a lot of money if not all investment. Hashflare is not very different from Genesis.

Even HashNest is like that, they're all the same. Actually, by experience, you can profit from these services if you would trade GHs on their secondary markets. It's just like trading alts with dividends (your mining profits).

Skarner21

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Massive price drop coming...

Quote from: Rahar02 on August 27, 2017, 06:21:37 PM

Quote from: lilares on August 27, 2017, 05:53:21 PM

Well thank you all for your answers, I guess it is something I should of just asked support.

Completely understand they're all scams, but I'm currently in profit, guess I'm just a little greedy and wondering where's my bigger chunks at.

So, you've been invested on cloud mining since last year? And already get profits, right?
May I ask, how much did you invested? How long it takes for ROI?
Many people skeptical about cloud mining because it's not worth waiting so long instead of invest in some profitable projects and altcoins.

He is just totally newbie that i think they are just promoting those ponzi scam or cloud mining site that they don't know that they can get the good roi and recover fast their investment almost all are scam never heard that any cloud mining site that can gives you a good earnings..

BitHodler

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Quote from: lilares on August 27, 2017, 05:53:21 PM

Completely understand they're all scams, but I'm currently in profit, guess I'm just a little greedy and wondering where's my bigger chunks at.

If you know that something is a scam to begin with, why on earth do you choose to fill the pockets of a bunch of nasty con artists? Greed is not a reason to put money into a black hole that swallows everything you throw in it.

I seriously doubt that you managed to walk out with profits. Profit is that when you have your initial investment capital back in your pocket, everything you make after that is 100% profit.

Their regular mining payouts aren't profit at all, since they just pay you your money back slowly. Reinvesting payouts isn't profit either, since you gave the mining service back your money ~ very important differences.

Rahar02

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Quote from: lilares on August 27, 2017, 05:53:21 PM

Well thank you all for your answers, I guess it is something I should of just asked support.

Completely understand they're all scams, but I'm currently in profit, guess I'm just a little greedy and wondering where's my bigger chunks at.

So, you've been invested on cloud mining since last year? And already get profits, right?
May I ask, how much did you invested? How long it takes for ROI?
Many people skeptical about cloud mining because it's not worth waiting so long instead of invest in some profitable projects and trading altcoins.

lilares

newbie

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Well thank you all for your answers, I guess it is something I should of just asked support.

Completely understand they're all scams, but I'm currently in profit, guess I'm just a little greedy and wondering where's my bigger chunks at.

swogerino

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Both these platforms will not make you any money but all the contrary , they will make you lose some money or all of your money you invest there. Genesis Mining has contract rules that 99.9% of people don't read and get fooled that they will make money with them. These contracts states that if mining difficulty increases they shut down your miner making you lose a lot of money if not all investment. Hashflare is not very different from Genesis.

Quidat

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Quote from: lilares on August 26, 2017, 05:28:56 PM

Hi guys,

think this may actually be my first post, not sure, but something came to mind and I was curious if you guys noticed it as well.

I have contracts with Hashflare and Genesis (if you have any recommendations I would love to hear them) , I have pretty much have had the same amount of power mining since ummm say last year, I added to genesis about 2 months ago and plan to add a great deal to hashflare coming up here.

As I said I've had the same amount of mining power, earlier this year I noticed my hashflare leaped to like $8 a day, which helped me get my return a lot faster , since then these last few months I have not been able to break $7 , no matter what pool I'm mining in. My thing is I could be wrong , I'm sure I'm still a few steps back on how everything works, but If I was making lets say $6 a day 2 months ago and bitcoin has pretty much doubled since then, should I also be making double especially with the fee's being up?

Let me know what you think, look forward to hearing from you and also if you having any cloud mining recommendations , none of those microhash , bitlakes , thunderbit , i'm talking legit stuff..

Assuming that the price bumps and you do see that the amount or profits isn't being affect too much at all then its really normal thinking off that mining difficulty does increase and this is why cloudmining wont really be profitable no matter what even if you reach roi then I'm sure it would really be a long time because as the days goes by profits would be more lesser and lesser.

EarnFreeCoin

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As many have suggested here, Please stay away from Cloud mining. It is impossible to make profits unless the value of bitcoin increases. In that case you are better off buying the bitcoin directly than paying to those cloud mining sites.

magneto

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Quote from: lilares on August 26, 2017, 05:28:56 PM

Hi guys,

think this may actually be my first post, not sure, but something came to mind and I was curious if you guys noticed it as well.

I have contracts with Hashflare and Genesis (if you have any recommendations I would love to hear them) , I have pretty much have had the same amount of power mining since ummm say last year, I added to genesis about 2 months ago and plan to add a great deal to hashflare coming up here.

As I said I've had the same amount of mining power, earlier this year I noticed my hashflare leaped to like $8 a day, which helped me get my return a lot faster , since then these last few months I have not been able to break $7 , no matter what pool I'm mining in. My thing is I could be wrong , I'm sure I'm still a few steps back on how everything works, but If I was making lets say $6 a day 2 months ago and bitcoin has pretty much doubled since then, should I also be making double especially with the fee's being up?

Let me know what you think, look forward to hearing from you and also if you having any cloud mining recommendations , none of those microhash , bitlakes , thunderbit , i'm talking legit stuff..

What exactly was your question? Is it regarding why you didn't get twice as much in mining payments as before, or is there another problem that you haven't made very clear in the OP?

It could be that the difficulty of mining has increased over the time period that bitcoin has increased in price. However i feel like this isn't the case. Why exactly are you not getting paid more in fiat terms now that bitcoin has gone up can only be answered by their support.

Cloud mining companies are absolute and utter rip-offs. Not only are you taking on a risk of the company being just a scam company, you are also taking on the risk that it is a long running ponzi. On top of that, there are no proof that they are actually mining, and on top of THAT, maintenance fees are high AF.

Yuuto

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Quote from: lilares on August 26, 2017, 05:28:56 PM

Hi guys,

think this may actually be my first post, not sure, but something came to mind and I was curious if you guys noticed it as well.

I have contracts with Hashflare and Genesis (if you have any recommendations I would love to hear them) , I have pretty much have had the same amount of power mining since ummm say last year, I added to genesis about 2 months ago and plan to add a great deal to hashflare coming up here.

As I said I've had the same amount of mining power, earlier this year I noticed my hashflare leaped to like $8 a day, which helped me get my return a lot faster , since then these last few months I have not been able to break $7 , no matter what pool I'm mining in. My thing is I could be wrong , I'm sure I'm still a few steps back on how everything works, but If I was making lets say $6 a day 2 months ago and bitcoin has pretty much doubled since then, should I also be making double especially with the fee's being up?

Let me know what you think, look forward to hearing from you and also if you having any cloud mining recommendations , none of those microhash , bitlakes , thunderbit , i'm talking legit stuff..

The amount that you get in cloud mining sites depends solely on what the admin is feeling like today, and probably has very little to do with the actual profitability of mining. I mean it could be that you're just unlucky, and the pool you've chosen has been unlucky, but i always get the feeling that cloud mining sites are just putting in whatever arbitrary number in as the profit pot for the day. And ultimately, that is the risk of cloud mining. You do not know whether they are legitimately mining, or not. Even the big names. They could be ponzis.

Talk to support about it if you are really skeptical. I'm actually interested in seeing how they respond as well. But my advice to you would be never invest in cloud mining. You are probably better off investing in casino bankroll, or even p2p lending. You're guaranteed to never make your initial investment back in cloud mining.

hello_good_sir

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Quote from: lilares on August 26, 2017, 05:28:56 PM

Hi guys,

think this may actually be my first post, not sure, but something came to mind and I was curious if you guys noticed it as well.

I have contracts with Hashflare and Genesis (if you have any recommendations I would love to hear them) , I have pretty much have had the same amount of power mining since ummm say last year, I added to genesis about 2 months ago and plan to add a great deal to hashflare coming up here.

As I said I've had the same amount of mining power, earlier this year I noticed my hashflare leaped to like $8 a day, which helped me get my return a lot faster , since then these last few months I have not been able to break $7 , no matter what pool I'm mining in. My thing is I could be wrong , I'm sure I'm still a few steps back on how everything works, but If I was making lets say $6 a day 2 months ago and bitcoin has pretty much doubled since then, should I also be making double especially with the fee's being up?

Let me know what you think, look forward to hearing from you and also if you having any cloud mining recommendations , none of those microhash , bitlakes , thunderbit , i'm talking legit stuff..

Well yes, you should be getting a lot more now since the price of bitcoin has risen drastically, the fees are up, and some hashrate has been diverted to bitcoin cash. How much does hashflare charge in fees? Maybe that is why you are not able to break the $7 margin.

Also i would just like to remind you that even genesis and hashflare could be scams. Even if they are not i have not heard one single person that have benefited in the long run from investing in genesis or hashflare, so really the bottom line is that they are a rip-off either way.

Don't bother with cloud mining, it's a waste of money and time.

Yudhisthir

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Cloud mining is not one good investment. You are just lending money to them to do every setup for you and give you the profit.
The cost would be bigger than doing it itself (minus their industrial setup) could give you only a little profit.

crairezx20

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That was not a godo idea that you are investing in hashflare or genesis mining that actually not profitable anymore and more not profitable right now ..
If you seen they are just promoting and giving you a good for every contract expect that difficulty of mining is increasing daily that i think it can be lose in the end ..and i can say almost all cloud mining site are scam there is no cloud mining site can be profitable and almost all for me are scam.. what is the purposes to them of giving paid hash power where they can earn it and mined it with their own?
This deeply before you decide..

gbBit

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Check to see how difficulty has changed and it should all be clear. My recommendation is to stay away from almost all cloud mining. You'll be better off just buying coins.

lilares

newbie

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Hi guys,

think this may actually be my first post, not sure, but something came to mind and I was curious if you guys noticed it as well.

I have contracts with Hashflare and Genesis (if you have any recommendations I would love to hear them) , I have pretty much have had the same amount of power mining since ummm say last year, I added to genesis about 2 months ago and plan to add a great deal to hashflare coming up here.

As I said I've had the same amount of mining power, earlier this year I noticed my hashflare leaped to like $8 a day, which helped me get my return a lot faster , since then these last few months I have not been able to break $7 , no matter what pool I'm mining in. My thing is I could be wrong , I'm sure I'm still a few steps back on how everything works, but If I was making lets say $6 a day 2 months ago and bitcoin has pretty much doubled since then, should I also be making double especially with the fee's being up?

Let me know what you think, look forward to hearing from you and also if you having any cloud mining recommendations , none of those microhash , bitlakes , thunderbit , i'm talking legit stuff..

Topic: Hashflare and Genesis (Read 1141 times)