Hi all!
I have been looking into cloud mining, I know many are fake and never work however I have come across Genesis mining,
I stumbled across this video :
https://www.youtube.com/watch?v=cVxi2CQcXZo and seemed convinced, the company seems open and transparent, and looking online people seem to be making a profit with a average ROI of around 200 days.
Well I opened an account and brought 1TH Bitcoin mining, costing (0.039 BTC) and should roughly generate approx 0.8USD daily, its a low start but is something.
I know that the difficulty always increases and my computing power (1TH) will produce less and less bitcoins, however bitcoins should go up in BTC/USD Value thus compensating the increased difficulty ? And if I reinvest the BTC daily payouts into more mining power then I will have essentially exponential growth.
Please let me know any thing I a missing here.
P.S If you want to save 3% on any orders at genesis mining use my voucher code:
syhVPm