For a company that produce their own electricity - according to their website. Wy is there even a maintenance fee needed?
Can you please quote the contract investors are signing?
What is the name of the company who operates Genesis Mining?
Where are the terms and conditions stated?
They operate themselves I think, check their website.
The contract will be found under pricing→bitcoin and hen scroll down.
The mining difficulty made a huge leap on the last day, so I would avoid any cloud mining service.
Yes, and I've sold all my S7 hashpower today at Hashnest. That's the point of Hashnest and that's how you can make profit: buy hashpower -> let it work and earn 0.3-0.5% daily for you -> sell hashpower.
Hashnest is the only (or almost only) cloudmining company you can make profit with (by selling your hashpower). But it's not so easy, and you won't get rich using it so I don't say it's a safe bet investing here. I'm more a "buy and hold your bitcoins" guy.
It's much more profitable to use hashnest for that purpose yes, as long as you don't have enough to beclassed as manipulating the market.
Normally, there is a 24 hour fluctuation in the price that you can benefit from (though sinceI last stated this they put the price on buying to 0.2% - may have been my fault for saying it here).
Holding coins is not as profitible compared with other methods...