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RE: Genesis mining becomes unprofitable and demands extra payment
I like the BitClub Network model for cloud mining. They take a portion of the daily payouts for each member and use it to buy newer equipment.
https://bitclub.network/dibble1
I am bitclub member too however, their payouts for the investment is a little low. Yes it is for 1000 days however, they have not been delivering on their promises a lot lately. I think it is a legit business and they have been around for 4 years. I respect that but payouts used to be a lot better and the decline in payout for Bitclub Network is a lot higher than Genesis which makes me question that both companies are located in Iceland, why they pay different price for the electricity? Because BCN maintenance fees are higher than Genesis
They have a lot of hash power coming online very shortly so you can expect payouts to increase significantly.
Yes, I have been experiencing payout increase lately. It is just that mining profitability has gone down so much due to increased mining difficulty and decreased BTC price