Bitcoin Forum

Genesis ETH cloud 1 year is 25MH/s for 925$ but year profit 717$ ? Whats the point to even bother? Thats a loss

https://www.genesis-mining.com/pricing

https://www.cryptocompare.com/mining/calculator/eth

thier 100MH/S = 3700$ and gives you annual income of

$ 2,869.68


Looks like deal u cant miss :D

Looks like it hasn't been updated since Eth started falling in price, didn't check your numbers, but if what you are saying is true, it sure isn't a good deal.  Not sure why we needed a thread just to be told that...

not told that, but i acctually ask what im missing here

im looking on clouds as i wanted get one, that is not expensive and not scam

and went across genesis and they says they legit, so did simple calculations

Genesis has always been a very unprofitable service so no real surprise there. By investing there, all u do is finance expansion of their farms.

There is no point in buying both eth and bitcoin mining contract from genesis mining as price is not updated even after bitcoin halving and eth price get dumped. That 700$ can be 1400$ if eth price go again to 20$ which i think take more than year. So better to buy eth at current price to hold till price get doubled if you are strong believer of eth. But this is unlikely to happen as many traders have now lost trust in eth dur to dao bug.

I think that does not limit to genesis alone because most of the cloudmining companies will only keep your money for you and be paying you back bit by bit.