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RE: My Genesis Mining Setup
It is not a scam. Granted it is a risk giving them your money, but Genesis is running for about 3 years now and there is quite a lot of people on youtube showing you all of their earnings. I chose not to mine myself because it is a lot of maintenance.
Are your currently mining yourself?
It won't pay you more than you invested in the mined cryptocurrency. It's a scam.
The reason it has been running for 3 years is because it is making tons of money and it doesn't want to stop making money.
The reason Youtubers are advertising it, is because of its referal system which makes the Youtubers who advertise it money. They also like getting views for even more money :)
And there are people who really think it's legit too, although they actually got scammed. This is the case when a cryptocurrency rises in price after someone has invested in it. Stays a scam tho.
Regards,
-Pizza
Well I guess I will have to see. So far it is paying me out everything it promised so it is not a scam thus far but thank you for the warning. Can you maybe point me to someone who got scammed?
A simple search on the web would already show you what you're searching for. On Bitcointalk there are multiple people saying they got scammed and the people who are advertising Genesis Mining have never showed any proof of being paid more than they invested