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RE: Genesis Mining ( Cloud Mining ) Introduction and Is It Worth It?
Cloud mining is rubbish, sorry. The increase in difficulty makes it almost impossible to break even and IF you break even after a year or so you just have your money back. How much did you make if you just bought a coin a year ago and simply hodl it? ; )
Well, I do not think its a scam, but if its worth it compared to other investments, I doubt that. Some cloud mining companies were scams but Genesis is not one of them. The mining company benefit from the assets that they get and therefor they can make an income projection that is more real. This helps them to grow their facility and mining opperation and also give us the oppurtunity to get involved in mining.