Topic: Hashflare vs Genesis vs Bitforx - My experience - page 2. (Read 406 times)
I have account at Genesis Mining for bitcoin and ethereum. The first one (Bitcoin) will be practically impossible to at least receive what I paid. In Ethereum, it will still be worse, because with the payments I am currently receiving, I think I will never be paid. In my opinion, do not invest in Genesis Mining.
I can not disagree with what you're saying because from your point of view it is true, but not everyone's the same. Not everyone prefers one single type of action towards Bitcoin and let me explain you my point of view.
So as I though about obtaining a BTC, i considered 3 types of action:
1) Trading - to buy btc or altcoin and sell it when it's on it's highest and buy it when it's on its' lowest! That is not for me, I do not have that much time, i do not have that much education and I can not predict the price changes of a financial instrument, so scratch that!
2) Hodl - of course this is the easiest way to obtain and keep a btc. it's a non risky way (i mean the whole risk is on your shoulders if the price goes down) so if I buy $1000 of BTC and i hold on it for a while, I can either just gain some income if the price goes up and, or either lose some money if the price goes down. I will still have that 0.13 BTC (with today's price) but that will be all - nothing more, I will just have 0.13 btc and it won't grow or something.
3) mining - now here you will say that if I have money i should buy my own mining equipment and mine btc myself, but my arguments stay - it is way easier and better for me to mine btc via cloud mining services, than to buy equipment i have no idea how to take care of, where to buy, what kind to buy, how much to pay for, what to do if it breaks, etc. I don't have a place to place a miner and i have heard sounds that it produces, i can not bare that! So.. i preferred cloud mining! Mining is the best choice for me, because if I buy a $1000 of hashrates (instead of buying a fixed 0.13 BTC) i will have income in btc. And if you'll say that my potential 0.13 btc will grow as well with the price growth, i will say that from mining my everyday income will also grow.
I don't know if I formulated my thoughts correctly or clearly, but all this is why I chose to cloud mine btc. Even though I had a lot of bad experience with different companies, i wouldn't say they were damaging or I had a big loss, i still prefer cloud mining even after these experience. I just found a company which suits me the most and at least takes care of me.
So as I though about obtaining a BTC, i considered 3 types of action:
1) Trading - to buy btc or altcoin and sell it when it's on it's highest and buy it when it's on its' lowest! That is not for me, I do not have that much time, i do not have that much education and I can not predict the price changes of a financial instrument, so scratch that!
2) Hodl - of course this is the easiest way to obtain and keep a btc. it's a non risky way (i mean the whole risk is on your shoulders if the price goes down) so if I buy $1000 of BTC and i hold on it for a while, I can either just gain some income if the price goes up and, or either lose some money if the price goes down. I will still have that 0.13 BTC (with today's price) but that will be all - nothing more, I will just have 0.13 btc and it won't grow or something.
3) mining - now here you will say that if I have money i should buy my own mining equipment and mine btc myself, but my arguments stay - it is way easier and better for me to mine btc via cloud mining services, than to buy equipment i have no idea how to take care of, where to buy, what kind to buy, how much to pay for, what to do if it breaks, etc. I don't have a place to place a miner and i have heard sounds that it produces, i can not bare that! So.. i preferred cloud mining! Mining is the best choice for me, because if I buy a $1000 of hashrates (instead of buying a fixed 0.13 BTC) i will have income in btc. And if you'll say that my potential 0.13 btc will grow as well with the price growth, i will say that from mining my everyday income will also grow.
I don't know if I formulated my thoughts correctly or clearly, but all this is why I chose to cloud mine btc. Even though I had a lot of bad experience with different companies, i wouldn't say they were damaging or I had a big loss, i still prefer cloud mining even after these experience. I just found a company which suits me the most and at least takes care of me.
humm... cloud mining companies are a very profitable business for the owners of the cloud mining company, investors do not get profits that are something considerable, most of the time is even better to buy bitcoin and hold for some time, you may think Bitforx is a different cloud mining, but they are all the same, Bitforx for being new needs to get more customers and with that will make customers feel safer and get some profits, but after many months they will do the same thing that genesis mining and hashflare. take your money and buy bitcoin and altcoins and hold, do not waste time on cloud mining
Every cloudmining or company will definitely make their introduction to be interesting which they would make new things which cant be seen into older sites which as a cloud mining fan you will find this interesting but i agree that as being said sooner or later it would really still act or be the same just like old sites profitability wise on investors side it is not effecient. 
humm... cloud mining companies are a very profitable business for the owners of the cloud mining company, investors do not get profits that are something considerable, most of the time is even better to buy bitcoin and hold for some time, you may think Bitforx is a different cloud mining, but they are all the same, Bitforx for being new needs to get more customers and with that will make customers feel safer and get some profits, but after many months they will do the same thing that genesis mining and hashflare. take your money and buy bitcoin and altcoins and hold, do not waste time on cloud mining
A lot of my friends have been asking me if Cloud Mining is worth it, since i’ve been mining Bitcoin this way for a long time now. Some think that it is too late to invest in Bitcoin, but it’s still here, it’s 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 I’m really comfortable with… 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, I’ve 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 that’s 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 that’s 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 they’ve 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 didn’t 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 they’ve served me well and i’m pretty much satisfied with everything I’ve got from them.
It gets easier to not trust anyone on Internet when you’ve 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. It’s been 7 months and I’ve 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 member’s LinkedIn profiles are available. I don’t want this to be hard for anyone, because through some years I’ve 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, it’s a small company and every single customer is precious for them, and believe me, I’m 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 I’m not talking about pre-prepared templates or step-by-step instructions, mindless emails – I’m 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.
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, I’ve 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 that’s 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 that’s 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 they’ve 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 didn’t 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 they’ve served me well and i’m pretty much satisfied with everything I’ve got from them.
It gets easier to not trust anyone on Internet when you’ve 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. It’s been 7 months and I’ve 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 member’s LinkedIn profiles are available. I don’t want this to be hard for anyone, because through some years I’ve 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, it’s a small company and every single customer is precious for them, and believe me, I’m 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 I’m not talking about pre-prepared templates or step-by-step instructions, mindless emails – I’m 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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