Topic: Genesis Mining? - page 3. (Read 3646 times)
i have Mining Contracts there for 2 years for x11 Miner. Seems so far They pay me every 10 days..
Most people will tell you Genesis and all cloud mining are scams.
I don't personally believe they are, but they're for people who don't understand all the factors that go into mining payout. I recommend you first use a mining calculator which takes into account difficulty increase. You'll find the only way to profit is if the cost of bitcoin increase. Then consider the difference between just purchasing the bitcoin and realizing the increase and you'll understand why people think it's a scam.
But again I wouldn't call it a scam, just a poor investment if you run the numbers.
I don't personally believe they are, but they're for people who don't understand all the factors that go into mining payout. I recommend you first use a mining calculator which takes into account difficulty increase. You'll find the only way to profit is if the cost of bitcoin increase. Then consider the difference between just purchasing the bitcoin and realizing the increase and you'll understand why people think it's a scam.
But again I wouldn't call it a scam, just a poor investment if you run the numbers.
Hello!
I'm thinking of getting into Bitcoin but I don't feel like buying the hardware of an S5 to get started. Has anyone had any luck with a cloud service like Genesis Mining?
What are your thoughts?
I'm thinking of getting into Bitcoin but I don't feel like buying the hardware of an S5 to get started. Has anyone had any luck with a cloud service like Genesis Mining?
What are your thoughts?
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