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RE: Cloud Bitcoin Mining: Is It Worth The Investment?
I have various mining contracts with Genesis Mining, and all but one of them have been unprofitable. I would have been better off simply buying and holding from an exchange like Poloniex. Also many so-called cloud mining companies are scams (Genesis Mining is one of the few reputable ones).
Lesson learned: stay away from cloud mining.
I've heard of some companies scamming their customers.. that's a risk in it's own right.