100MH/s ALTCOIN test account started on September 26th, 20014
100MH/s @ $17.99 per MH/s ($1,799 invested) = 0.0244363 BTC per day
Less than 90 days laters, down to 0.00304897 BTC per day
That is more than an 87% drop and does not map out to other competing services or home mining (even after costs).
Revenue = Only $268 to date, most of which was earned the first 45 days.
ROI = Years to never at this rate.
Overall, my loss in buying in to Genesis-Mining will likey stay above or close to $1500 at this rate of daily drop in payouts. With no option to convert to BTC mining or sell/exit, this service is quickly turning out to be a proven SCAM in the eyes of any reasonable miner.
Scott-
Topic: Genesis-Mining.com: after 3 months of testing 100MH/s (ALTCOIN) mining = SCAM (Read 719 times)
December 21, 2014, 01:34:52 PM
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