Is Genesis Mining Trying To Captilize On HashFlares Flaw?

in #bitcoin6 years ago

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If any of you have Hashflare contracts you will know that right now your mining contracts are not paying out anything. This is because Hashflares fees are higher then the amount of bitcoin that is being mined by your bought hashing power. This also means that after 21 days of this happening that Hashflare will cancel the contracts and stop mining. (This is going to be a decent amount of hash power coming offline so we should see a dip in the mining chart here - https://bitcoinwisdom.com/bitcoin/difficulty If we dont however that means Hashflare has been up to some serious shady shit and simply capitalizing on your money.

With that being said it has been months if not what feels like a year since Genesis opened up mining contracts. However as of just a few days ago Genesis is now opening mining contracts just a week after Hashflare closed any new contract buys out.

The one cool thing about Genesis over Hashflare is that you can pick which coins you want to mine instead of it being just bitcoin and that's all. It allows you to adjust so you can maximize your earnings based on what coin has a better profit margin.

Do you cloud mine?

If so what are your feelings lately on this and how cloudmining contracts are treating their customers?


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How to mine sir

genesis mining IS BEST

To the question in your title, my Magic 8-Ball says:

Without a doubt

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

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