If you're talking about genesis mining will terminate 90% contracts before investors reach the break-even point, it's purely unrealistic speculation. You may say 10-30%, but 90%? I don't think so.
It may not be 90% exactly, could be more, could be less, but it definitely isn't anywhere near the figures you mentioned. Based on your figures, cloud mining would be somewhat worthwhile, but that's not how the reality is. The reality for
most people is that they don't even reach their break-even point as I have said before.
Like I said, 90% is just unrealistic speculation.
Most people? Like 90% you have mentioned? Lol
I always read over and over again on genesis twitter account where people complaint about their payment reduced or missing, but on the other hand, many people ask for new contract as well, genesis can't just open a new contact without new ASICs or GPUs, it's a positive sign that they provide the services it offers fairly. And most people who didn't reach ROI at all due to they have a low hashrate that can't even generate enough bitcoin as the difficulty keep increasing these days.
Honestly, I want to buy a contract but seems like it's too late now.
I have some friends who have bitcoin contract on genesis mining (over 20,000 GH/s) and they have reached ROI less than 6 months because of bitcoin price spike to $19,000 few months ago.
Look, it's not a speculation, it's a proof based on people who really involved.
Genesis mining has running for around 5 years since 2013, it is the most transparent cloud mining company compared to others, doesn't mean it's the most profitable but many people gaining profits till today, at least they still provide the services it offers.
Lol, you are a dreamer. Many people aren't gaining profits at all, but just suffering from their own idiotic investment in cloud mining.
Honestly, I want to buy a contract but seems like it's too late now, but I have some friends who have bitcoin contract on genesis mining (over 20,000 GH/s) and they can reach ROI less than 6 months because of bitcoin price spike to $19,000 few months ago.
Look, it's not a speculation, it's a proof based on people who really involved. Yes, my friends still gaining profits until today.
If you never invest on genesis or at least has a friend who did, than you don't know about it.
I don't talk about cloud mining in general, it just my point of view on genesis mining.
That service will remain operational as long as fools decide to invest in it, and that has been going on for years. As long as money flows in, they'll keep mining hot air. If they are as transparent as you say they are, please tell me where they mining addresses are.... People have been looking to know this for years, but no one found out yet.
have mentioned above, genesis can't just open a new contract without new ASICs or GPUs, and genesis have some rules about their mining contracts.
I don't think any miner want to reveal their mining addresses, I don't know either, but you can figure it out if you have a friend who get payment from genesis.
How about, they pay customers with their own invested money? There is no way we can prove it, but maybe it ever happen if mining business doesn't go so well and bitcoin price falls down but the difficulty keeps increasing.
Look up the definition of a Ponzi scheme.
I don't think genesis mining is a Ponzi scheme.
You can check their twitter, their youtube channel, some YouTubers who ever visited genesis mining farm on Iceland, and so on.
