Post
Topic
Board Service Discussion
Re: Hashflare vs Genesis vs Bitforx - My experience
by
Ruby Anderson
on 20/04/2018, 13:13:37 UTC
I don't think cloud mining has any meaning.
why? According to my observation, cloud mining companies often pay a small percentage of customers. In the bull market last year, your investment in cloud mining was only a slight surplus. When the market turns into a bear market, the cloud mining is almost a loss.
So, if you are interested in mining, then you can buy your own mining machine to mine. If you think mining is a hard task, you might as well buy the crypto currency directly from the money you plan to invest in the cloud. Direct buying is always higher than buying a cloud mining contract.

Thank you for your remarks. I really appreciate guys here helping out and giving advices, but I have been making profit from cloud mining since I started working with Genesis mining, the thing is that they are just worsening their job and services and I had to turn to another cloud mining service provider. Maybe the history will repeat itself with this company as well, but I have some time to find out. Now, I'm really satisfied and can see profit in Cloud mining.

btw, I already explained why i chose cloud mining in the previous replies, you can check them out. and as always, cloud mining is not for everyone