Quote from: magneto on April 20, 2018, 10:34:54 PM

My personal experience with Genesis Mining has been anything but positive. I put in around 0.05 BTC to mine in 2016, and I only made around 50% of my initial investment back. After that, my contract was terminated straightaway. There are plenty of other cases like this.

Trust is a big issue with cloud mining. You don't know if a company is actually mining, even if they show clips of their mining farm, it really means nothing. You don't have control over the hardware that is supposedly working for you. Even big names like Hashflare can completely screw you over, as they did.

There's a lot of people on Youtube and crypto related blogs saying that cloud mining is profitable, but inevitably they put in their own affiliate links at the end to prompt people to sign up and invest. The only way to make money off cloud mining in the long term, imho, is to get affiliates. Your profits in cloud mining really depend on whether the coin your contract is supposedly mining goes up or not. You could most likely hold that coin and make the same amount of profits, if not more profits in a bull market.

I don't see Bitforx as being different to Genesis or Hashflare. They all operate under the same business model, and the previous two have proven to be quite unsuccessful in making profits for the investor.

Trust me I read all these comments in every detail and it is important for me to know your opinion as well, because I am expressing my opinion and my experience. Before I started working with cloud mining companies I researched them, every single customer review and remarks are known for me and I know what people think of Cloud mining itself.

I don't know if you have read the previous comments or my answers to them, but anyway.. I will repeat. Yes - trust is a great issue and you can not just trust someone on internet. Because of this I spent days with Bitforx community team, they showed me their live video from their mining farm, I spoke with their community manager and customer service reps via skype, I met those people and they seemed legit! everything they do is legit! now i don't mean to say that other similar companies don't have mining farms or are lying about them, etc. I just want to say that Bitforx has shown utmost care for its' clients and in the end, that's one of the most important things that matters for me, because I understand the risks when getting involved in Cloud mining, but when the risks are getting actual and bad things start to happen - I need customer service and community management to be with me.

Once again, I'm saying! It is more comfortable for me to Cloud mine cryptocurrencies for so many reasons!!! I stated these reasons above. Now I don't mean to say that you are wrong, of course your advice is a form of care, but I will continue doing this and see how this company will develop.