Personally, I advise against cloud mining, but if you’re looking for the most reputable ones (as much as reputation goes in this industry) here are 2 leading cloud mining sites are: In my opinion, Genesis Mining is legit but I doubt if it’s a good investment. For some reason, even the 4 and 5 star reviews talked about getting scammed. Genesis Mining Overview. Now let’s see how much money I’ll be able to generate from it. Join over 2.000.000 people with the world’s leading hashpower provider. If I continue this calculation for 18 month I’ll end up with a $476.83 profit. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audience is coming from. Indirectly of scamming people. According to its website, the company serves … Don’t wrestle with rig assembly and hot, noisy miners at home. Genesis mining was founded in 2013, making it one of the oldest Bitcoin companies around. You can even hardly get your capital at the end of the contract. Maintenance costs (storage, cooling, etc.

WTF? However, please remember the following – people complain when they’re mad, not when they’re happy. after this comment on twitter, they blocked me,so that people don’t know what kind of shameless company you are ?????? I first heard about this new underground internet money called “Bitcoin” while I was in university in 2012. In the opposite scenario of price going down, the USD amount of your earnings will decrease, however, difficulty will probably also lower since miners will drop off. What’s that you say? My 700 dollar investment only mines 2 months and then mines only 1200 satochi , and genesis co. Only say the price and defficallty is not proffitable for your plan . Genesis Mining是业内领先的云挖矿公司之一,也是我们的可靠合作伙伴。他们是一家诚实可信的云挖矿服务商,向公众开放展示他们的矿场。, Genesis Mining是我们最大的客户之一,也是我们的可靠合作伙伴。他们透明的挖矿场所和高效的软件基础设施配合上我们的高端挖矿硬件,为所有挖矿爱好者们创造了卓越、独特的产品和用户体验!, 作为世界上第一家28纳米的比特币和莱特币芯片厂商,Innosilicon选择了Genesis Mining作为云挖矿业务的合作伙伴,因为后者拥有优质的客户服务和卓越的用户界面。基于我们技术先进的挖矿硬件设备,Genesis Mining可以提供最好的挖矿服务。这一独特的协同方式为挖矿爱好者们提供了最好的体验,而且我们也期望能够保持长久繁荣的合作关系。, MinerEU非常高兴能有Genesis Mining这样可信的合作伙伴。我们已经将Genesis Mining推荐给上千位客户,他们都非常满意Genesis Mining的优质服务和产品。. Genesis mining is a froud company . I would advise against it. Nearly 50% of respondents answered either no (34%) and I don’t know (15%).
Chat working hours: 4:00 a.m. to 8:00 p.m. UTC, Monday to Friday Have you had any experience with Genesis Mining? You don’t know the first thing about what fractional-reserve banking is or how it works? Their transparent mining sites and high quality software infrastructure together with our high end mining hardware result in a great and unique product and experience for everybody interested in mining! Scammers company Genesis delivered exactly what they promised and I audited my account weekly. They sent me email asking me to make payments in order for me to be able to withdraw my profit. 2. You can mine any cryptocurrency available in our catalogue! As soon as you’ve set up your account, you can start to mine your first coins using our Bitcoin cloud mining service! It’s good to see that they are an honest cloudmining service which shows their farms openly to the public. The not so legit mining companies will probably show greater profits because they usually stop paying at some point and leave you empty handed. Genesis has a publicly known mining farm set up in Iceland, as shown in this video: The miners on the farm are able to mine Bitcoin, Ethereum, Dash, Monero, Litecoin, and Zcash. It’s been over a year, since they can’t fix their technical problems Genesis Mining farms are located in Iceland and Sweden. However, as BTC price rises, more miners come onboard, which in turn makes it more difficult to mine. But they sell the same plan at now. I can’t get my legal income for over a year So it’s quite common to find more negative than positive reviews online. It’s really hard to give a direct estimation here since each person will have different electricity costs, shipping costs (for the miner) and cooling conditions (miners need to be kept cool). This company is close to scam. Is it Profitable to Mine with Genesis Mining? The company headquarters is somewhere within the APAC region (although not clear exactly where). The contract lasts for 18 months and has a maintenance fee of 15 cents/ TH, per day. Because of my mathematics background, I was fascinated by the algorithms that made Bitcoin possible.

HODL on! Having said that I haven’t taken into account the following: Mining at home is a pretty big hassle. It’s not a simple “plug-n-play” operation. anyone know about Hash-Miner, they also scamers. Now let’s subtract the expenses to calculate my profit: 4,056.96 (total revenue) – 2,835 (maintenance fees) – 1,544 (contract cost) = $ -322.04. Try our Bitcoin mining platform now! This unique synergy produces the best experience for those interested in mining and we look forward to having a long and prosperous relationship. Genesis Mining is one of the oldest Bitcoin companies around, and it’s is arguably the largest and most popular cloud mining provider for Bitcoin, Ethereum, and other coins, and it has even registered with the SEC for a Bitcoin mining fund.. So in total, I’m not sure it’s worth the effort. 非常简单——您的矿机已设置完毕并正在运行。 设置好账户后,您就可以使用我们的比特币云挖矿服务开始挖取您的第一枚加密货币了!. However, it’s your money and you should invest responsibly and do your own research. In fact, according to our own HodlCalc, this strategy has proven to be profitable over 97% of the time since Bitcoin was created. If Bitcoin’s price goes up – I would be making more money, and if it went down, I would be losing less. Most everybody has heard of the Federal Reserve, but you’re not alone if that’s about as far as your knowledge of the Fed extends. Very very worse website! You’re probably not alone. I’d love to hear about it in the comment section below.

This contract will cost $1,544 and will give me 35 TH/s of mining power which sounds pretty cool. Before I begin, I just want to mention that I did a previous write up on this matter over 4 years ago.
We recently conducted a study of 1,000 US consumers and when asked the question, do you know what the Federal Reserve does? MinerEU is very happy to have Genesis Mining as our trustworthy partner. Personally, I think this strategy is the best overall. You’re probably not alone. Avoid like the plague. If you want a more detailed review about the company and profit calculations keep on reading. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audience is coming from. Nearly 50% of respondents answered either no (34%) and I don’t know (15%). Genesis Mining是我们最大的客户之一,也是我们的可靠合作伙伴。他们透明的挖矿场所和高效的软件基础设施配合上我们的高端挖矿硬件,为所有挖矿爱好者们创造了卓越、独特的产品和用户体验! Genesis is not a scam, they just aren’t terribly profitable, if at all. We have already recommended Genesis-Mining to thousands of our existing customers who are happy and satisfied with their excellent services and products. Genesis Mining is one of them. This would actually lower your daily earnings in BTC. I took it in the shorts because I did not know any better. Genesis Mining is the best in class mining service that is supported by our technologically superior mining hardware. However, for the sake of argument, let’s assume that everything remains the same for the lifetime of the contract, which means I’ll be making $4,056.96 in total after 18 months (2,704.64 * 1.5). However, 0.01% of companies actually run mining hardware and mine Bitcoins for you. Contact us anytime via web form or your account. What’s that you say? Here’s what I get when I plug everything into the calculator: As you can see, if everything remains constant, after one year I’ll be losing money. You can unsubscribe with one click. It’s super simple - Your mining rigs are already set up and running. Here’s what I’ll cover: In short, cloud mining is a term describing companies that rent out mining hardware and mine for you.

The information on this website does not convey an offer of any type and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any securities, commodities, or other financial products. Don’t just look at the balance on their system like what I did. The roi of genesis mining is so small. In the last 6 years, Bitcoin has generated massive returns just through price appreciation. Learn everything you need to know about Bitcoin in just 7 days. Learn from my error . Dont waste your money!!! You’re not alone.