Quote from: letsbehonest on January 22, 2017, 12:28:42 PM

Your, Glucose´s, Suchmoon´s and dhampir-D´s advise, and further research, have convinced me of NOT INVESTING any buck IN GENESIS-MINING.COM.. Though im really a newbie, also common sense has told, that they certainly dont care about their reputation, but do care a lot about throwing out their fu cked up "live-lasting" - contracts, that are only profitabel for themselves, as they clame on their website.: "Why mining with us is profitabel?" They´ve forgot about to add the:"...is profitabel for us?", in that sentence.

So, im really thankful towards yours, that this warning thread exists, and that youre keeping it alive! It eally isnt easy, to chose a proper cloud-mining company, finding your way, through them well positioned paid google-listings, to some honest and objective reviews.. Lots of thanks!

If you think, it´ll be better for this forum and this thread, to delete my posts pro GM, id do so? Or, its better for the context, to keep them, so everyone can see my 180 degrees mind change? Whatever.

Until yet, i havent signed any cloud-mining contract with any company at all. Thats why i was pro GM at first glance, just out of ignorance, believing a "western" company couldnt be scamm, and the asian ones, would be scamm straight through. But now i guess, its completely vice versa;) But now ive got some general questions about them. Can i put them in here, or just into another thread? Some like, is Hashnest a part of, or integerated into Antpool? Sorry, to ask them right here.

I want to invest $ 5.000 for my mother, and im busy reading for the last 4 or 5 days. Is cloud-mining bitcoins, with automatically repurchase (like e.g. hashnest offers it), supposing a steady or rising bitcoin exchange-rate, the better choice for a time horizon of 3 - 10 years, instead of just buying and holding bitcoins?
The answer almost everyone gives is of course, just hold bitcoins. Its lets risky, and so on. But, for me it doesnt matter, if its lets risky. For me its just important to know, is bitcoin mining with a serious company, with the factors i mentioned above, more profitabel on a long timeframe, than holding bitcoins? Or, are $ 5.000 not worth mining at all?

If your not going to answer this whole lot of issues. No problem. And, once more, sorry for that then;) Im going to ask it in another thread.

Hi Letsbehonest. Glad to see you made further research and changed your mind. You don't need to delete your posts :-)

I'm not a bitcoin mining specialist but I think Antpool is just the name of the mining pool used by Hashnest. So the company name is Hashnest and the mining pool name is Antpool (don't ask me why, I don't know!). It means you can verify how many blocks they are mining etc.

People give you the answer "buy and hold" because the only risk you are taking is to see the bitcoin price going down or crashing, and a lot of people believe bitcoin will be priced much more in a few years than it is today). If you invest in Hashnest, you will probably inscrease the number of bitcoins you have (5 BTC ==> 5.05 BTC ==> 5.1 BTC, etc...) but it takes a lot of time and you are also taking the risk of seeing your bitcoins disappear (1) if the network difficulty goes too high and if there is no more profitability your hashnest contract will be suspended, (2)if Hahsnest goes bankrupt.

What is quite sure from my point of view : I will NEVER invest 100% of what I have in bitcoin mining. I guess the wiser choice is to invest part of it (what you can lose), and buy and hold the rest of it (what you don't want to lose)