Genesis Mining Honest Review by TheMerkle

[ultrloa]

Yes till now it is going fine and paying to people on time daily but for bitcoin mining may be they are paying very less amount to people, they are deducting more fee on withdrawals. But don't know how long this predictions will go far and how long they are going to pay. Even when days are passing it will face some difficulties in maturing the coins.

yeah there totally paying but do you think people are getting great profits in there? do you see there feedbacks in there social media pages? i dont think they are worthy right now, remember mate bitcoins mining for these days are quitely unprofitable thats why people should take some little basis from this situation so they will not regret for there money if the time that they realize that its truly bad to trust the cloudmining concept.

[shinratensei_]

http://themerkle.com/genesis-mining-review/

tl;dr

Genesis-Mining is a reputable company with legitimate datacenters, if you are interested in cloud mining it is definitely worth checking them out, however, before purchasing any contract make sure to do the math and do not underestimate bitcoin's or any other cryptocurrency difficulty jumps.

This an interesting sentence. At least run some of R4S in my apartment will be more profitable than it. They are legit because of, not a scam. but they're not legit for pay back your ROI.  

In conclusion, these contracts aren’t profitable enough to take the risk investing in them. You are better of simply purchasing $30 worth of bitcoin and holding it.

That is an interesting point, would buying your own hardware be cheaper than using a cloud mining service like Genesis-mining? I know Genesis offers 200ghs contracts for $30. You can grab an ant miner s5 for $100 from Amazon which can easily push atleast 1.1TH. Effectively a 200gh contract for less then $20.

So now you may say electricity costs. Well guess what it's December and my house gets cold I need to wrap myself in 5 blankets. This $100 space heater / money making machine seems a whole lot useful than some pixels on on my screen which might one day ROI.

That's right but thanks for this kind review.
I love it.

It looks like just exchanging our money with BTC. or BTC with the other btc but the decimal below than the previous amount.

So, I will be heating my room using $100 machine.  

[coolcoinz]

While the available contracts may not be the most profitable out there, the company is indeed legit.

By investing in genesis-mining all you do is provide them an interest free loan for them to expand their farms and that is all.

These two sentences contradict. If you're only giving them a loan to finance their operation, saying they are not the most profitable is a huge understatement. I'd say they are not profitable at all. Why should anyone even consider giving them money. You aren't buying a contract guys, you are crowdfunding their project and this is business not charity.