This is not a post to get referrals...
...nor to bash this company...but just me humbly wondering why it's being held as the best cloud mining service out there.
Let's start by getting all of the minutia out of the way...
Why Cloud Mine?!
Well, if you're someone who knows computers very well and knows how to build them, like myself, then you really have no excuse beyond not wanting to deal with the day to day of maintaining your rig.
I know that's my main reason and I'll gladly pay a premium to not deal with it!
But if you don't know about computers, it's a good way to put your crypto to use.
Simple enough!
Enter Genesis Mining...
As soon as you look for cloud miners on search engines, youtube, or even on Steemit, you'll find people cheering on Genesis Mining...while throwing their discount affiliate code in your face.
Don't get me wrong, there's nothing wrong with Genesis Mining or affiliate marketing.
It's a fairly decent company (a verified real company thanks to 
My only issue is that...to me...it is not the best mining company out there.
So who is the best cloud miner out there?
Well, the answer lies in how Genesis Mining operates.
According to an email I've received myself and also from a few people who inquired as well, a good portion of their BTC equipment revolves around Antminers. Of course they have GPUs but let's stick to Bitcoin for now.
Great...now who makes antminers? BITMAIN.
BITMAIN has a cloud service called HASHNEST.
So why is HASHNEST better?
I think the most important aspect of an investment is not only the returns but liquidity.
- Genesis: Once you buy hashing power, that money is gone for good.
- Hashnest: You can buy in and out of hashing power at any time.
Now think about that...you can make what you want to make and exit at any time...amazing!
- Genesis: Uses antminers for some of the hashing power.
- Hashnest: Once again! You can buy in and out of hashing power at any time.
Worried about being scammed...I don't blame you.
- Genesis: Verified visits by users.
- Hashnest: Created by BITMAIN, cloud mining for twice as long as Genesis and ACTUALLY makes the hardware hardcore miners use (including Genesis)!
How about transparency?!
- Genesis: Transparency fairly is limited. Not sure how their miners are doing. Just results.
- Hashnest: You actually get to see every block they mine, fees and what equipment is being used.
How about payment?!
- Genesis: Once a day. Cool. (Quick Note: At the time of this article Genesis is having issues with payment for the past 5 days)
- Hashnest: As with real mining, your balance is updated and withdrawable once a block is recorded. (BTC: Roughly 15-75min; LTC: Roughly 10-45min)
Contracts are all valud until not profitable or until you sell your hashpower, and I think most people are smart enough to sell before it's not profitable...
I'm not even going to get into what PACMiC's are...but they are next level...read about it!
Ok, so what's the downside?!
The downside to Hashnest is that they only focus on mining for equipment BITMAIN creates. In this case, they only mine Bitcoin (BTC) and Litecoin (LTC). They did just release the Antminer D3 (as of the time of this post)...with ungodly hash power for Dash...which I assume will be available for Hashnest sometime soon.
But here's the real reason why no one promotes it!
NO AFFILIATE/REFERRAL CODES!
That's right, this business is straight up buy and hash...not a game of affiliate marketing schemes to get people to use it.
But to me...all of the pros outweigh the cons by far! It's the best BTC and LTC option available...without question!
If you enjoyed and learned something...you know what to do!
Feel free to give me a follow as well!