[2015-11-26] Bitcoin Cloud Mining Provider Genesis Mining Reaches 100,000 ...

rammy2k2

legendary

Activity: 1974

Merit: 1003

im always having second thoughts when its about cloud mining, i cant remember even one example who lasted more then 1 year.

odolvlobo

legendary

Activity: 4522

Merit: 3426

~~I sure hope this isn't a huge ponzi scheme.~~

I did some analysis. Because the $1.20 per TH/s per day maintenance fee seems to be more than enough to pay for operating costs, I am less suspicious of Genesis Mining.

However, my analysis also shows that if the difficulty increases 2% per period, then the 1000 GH/s contract lasts for 535 days and never recoups the initial cost.

loki0505

hero member

Activity: 494

Merit: 500

thanks for this. i just signed up and upgraded to 1THS

tyz

legendary

Activity: 3360

Merit: 1533

Bitcoin Cloud Mining Provider Genesis Mining Reaches 100,000 Customers, Announces Black Friday Discount

Genesis Mining, the world’s leading bitcoin cloud mining provider, announced their most important milestone but right now: the acquisition of their 100,000th client.

http://www.cryptocoinupdates.com/bitcoin-cloud-mining-provider-genesis-mining-reaches-100000-customers-announces-black-friday-discount/

Topic: [2015-11-26] Bitcoin Cloud Mining Provider Genesis Mining Reaches 100,000 ... (Read 464 times)