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Title: Do i earn money from genesis mining? Post by: Xete on January 05, 2015, 10:53:29 PM Hello i wonder if i can earn money from genesis mining??? :D
Title: Re: Do i earn money from genesis mining? Post by: Jamphone on January 05, 2015, 11:44:04 PM No, it is a scam, just like the rest of cloud mining. The only people who make money are the company. You will receive back far less than you pay them.
Title: Re: Do i earn money from genesis mining? Post by: ensano on January 07, 2015, 04:02:41 AM No, it is a scam, just like the rest of cloud mining. The only people who make money are the company. You will receive back far less than you pay them. Cloud mining is actually a bet not a scam, take Hashnest (they're owned and ran by Bitmain) Currently .001278/gh and 57.41% of earning is fee. With .00001839 which gives you .0000104823 after fee's which means in 121 days you will roi (at current difficulty) The last two times difficulty has been decreased but we will probably see an increase soon. So if you buy into cloud mining you are betting that you will make more than current price over time, also the fee's go down when the price is up since electric is in fiat.Not a scam but a bet. a sucker's bet marketed as a breakthrough is the same as a scam Title: Re: Do i earn money from genesis mining? Post by: kpitti on January 08, 2015, 02:50:48 PM Stay away of Genesis Mining. I have a contract there, it's almost 6month old and it's clear that I did not get back what I pay for. Of course something can happen, but I am too old to believe in miracles.
Generaly all cloud mining business is a risk business - for you as investor. Title: Re: Do i earn money from genesis mining? Post by: testerman on January 09, 2015, 12:01:42 AM today, all cloud mining services become ponzi, and scam..
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