Thank you for your response, I see what you mean, that makes sense. Unfortunately since the last fork, they are still in beta with Bitcoin Cash, so it seems to me like things are congested with their software development. No body lost BCH when fork happened, but I don't understand how people got it off there; I do not want to wait to redeem the new tokens because I want to be able to sell them as I see fit.

Yes I am just wondering what will likely happen to the difficulty in my situation and whether that might affect my volume payouts.

I know everyone and their mother is against cloud mining, but that's not the point of this thread. My break even point will be soon, I cannot back out or get my money back, so it is what it is. After crossing the break-even point, I fail to see how any part of the agreement is a ponzi. Once I cross this threshold in a couple months, the whole scam narrative falls apart, and I will be in the land of free BTC everyday for the unforeseen future. I have all the BTC going to cold storage where it will grow in value just as any other BTC will.

I know the difficulty will keep going up and the contract will not last forever, and I understand that it is not "real" mining. If I had the space and capital to start a mining operation at my home, trust me I would love to.

For the record, Genesis payouts did not reflect the last fork in August and Bitcoin Cash had little to no affect on my mining results. It seems like it might be different this time, and that is the purpose of my posting this thread.    

Thanks for your responses, these replies make sense to me so far.

As for cloud mining being a ponzi, I'm not sure, I made the decision to buy when I was new to Bitcoin and there's no backing out of the contract. My goal was to just double my money in a years time. Anything more than that would be a bonus, but in retrospect, I would have just spent the cash on some extra BTC to hold. Seems like cloud mining is a fair weather only operation.

I had a small concern about the BTC I have on my KeepKey wallet and how I can retain the new tokens that are generated from this fork in the chain. KeepKey developers have told me that during the last fork, all KeepKey customers retained their BCH. Does anyone have experience with this process and perhaps would like to share some tips?

I was thinking about just transferring my BTC to Bittrex to be sure I get the new tokens, but I'm not sure if this is the best method.

Any help is much appreciated, thanks!

Hello mining community,

I am a crypto-noob, only being involved in this space for less than 6 months, and I have a few questions about a contract I have with Genesis Mining.

One of the scenarios I have heard about after this fork business, will be that much of the hashrate will migrate to the new 2x chain. My question is, will this make the difficulty for my contracted hash power go down, thus yielding me more BTC for a short duration, or until the market decides which bitcoin is the true king?

Also, recently I have gotten a lesser decimal amount per day from Genesis, interestingly since around the same time that BTC has been on its rally. Is this because of a change in difficulty or is it compensating for the increase in BTC price? I was under the impression that I should be mining consistent amounts of BTC regardless of price. I have had fluctuations in the volume that my contract mines, but just wondering if anyone has had the same experience?

Thank you all for your time to read.