Need Help - Best Cloud Mining for Beginners

[ImThour]

Hey,

I want to buy cloud mining power and I was looking at Genesis Mining, they are providing 52 MH/s for 0.017 BTC for three months.
I have two questions in my mind.

- Will I get my initial investment amount back or just the profit or income of the mining?
- Is there any other company providing much better deal?

Thank you.

[favebook]

- Will I get my initial investment amount back or just the profit or income of the mining?

No, you won't. Why would they give you back your initial investment? What's the point of them existing then?
You will just get the profit from mining with that speed minus whatever fees they list (management and electricity fee are usually in play).


Anyway, you will probably not earn much or even earn at all from cloud mining. It's widely known that you should avoid using any cloud mining.

But if that is your only option, that someone will more experience will chime in, as I tested cloud mining for 3 months or so before I got into real mining, and never looked back.