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Author Topic: Genesis Mining  (Read 138 times)
maeusi
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March 06, 2018, 10:05:59 PM
 #21

I wouldn't invest into Genesis. When buying contracts we agree, that they can shut down "lifetime" contracts at any time, when mining results do not cover certain costs.
When you google, you will find many complaints against Genesis mining like this one:
https://amp-reddit-com.cdn.ampproject.org/v/s/amp.reddit.com/r/Bitcoin/comments/5tz011/guys_please_read_this_before_investing_your_money/?amp_js_v=0.1&usqp=mq331AQECAEYAQ%3D%3D#
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richardsNY
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March 06, 2018, 11:16:50 PM
 #22

I wouldn't invest into Genesis. When buying contracts we agree, that they can shut down "lifetime" contracts at any time, when mining results do not cover certain costs.
When you google, you will find many complaints against Genesis mining like this one:
-snip-

That's basically how all cloud mining services work nowadays. It's yet another sign of how greedy they have become throughout the years. If your contracts don't become unprofitable out of themselves due to difficulty increases and such, the service in question will just increase the maintenance fees to make your contracts less profitable. In other words, your contracts will get terminated at some point for sure, and people indeed agree to these 'legal' forms of scams when signing up and proceed with an investment. There is literally no one other than yourself to blame for investing and losing money with these schemes. Even with everything we are talking about here, people don't care and will invest in cloud mining anyway, fools that they are....
tm2k
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March 07, 2018, 02:53:05 PM
 #23

After more than 155 days with Genesis Mining I can say it is hard to reach your ROI - check my latest yt vid https://www.youtube.com/watch?v=6nPlNkdO_Hc&t=8s - so the current pricing and increasing difficulty is the reason why I would recommend not to invest
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