Post
Topic
Board Scam Accusations
Re: Scam alert : Do NOT INVEST in Genesis Mining
by
d@nte
on 23/01/2017, 14:43:41 UTC
Do you think that cloud mining at all is not worth it? I think Hashnest mining may be profitable, because you can mine, and you can sell your mining power at some point. It's like a stock market - getting dividends and trading your shares. But in mining your dividends may be higher than 100% annual.
If you look here https://www.cryptocompare.com/mining/#/contracts you will notice that most of the contracts never pay back. The best contract have almost three year payback time at current conditions. It will probably never pay back as well.
Better to buy some bitcoins or other tokens.

Yes, but I believe bitcoin mining at Hashnest will pay back, however. And, of course, better buy litecoins and other forks than mine them in cloud (or mine them at home).
The mining difficulty made a huge leap on the last day, so I would avoid any cloud mining service. Hashnest has an interesting mining system, since the user can buy hashpower and sell at any time in the market, not at the same price, of course.

I was considering this investment possibility, but then I realized that the maintenance fee is relatively high, and this will cause an even greater impact on the gains after the recent increase in the difficulty of mining.