Hi! Guys has anyone worked with this site https://www.genesis-mining.com ?
I want to try to buy trial 100 GH/s. Is it worth to invest? I never catch a break, get on some suspicious websites and no money and no income. Many write that it was not worth it to invest in cloud mining because so many cool sites have closed/blocked the jump in bitcoin. Now the course does not jump so dramatically, everything seems normal. What do you think about this?
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They are said to be trustworthy but the contracts are not so interesting. Limited time contracts like X11 and ether are not really worth it. The lifetime bitcoin is better than the two others but with the bitcoin halving i'm not sure if it will be worth it in some time. You can improve your earnings with affiliates but then it becomes a ponzi scheme strategy (which is not nice).
My (0.21 th/s) 210GH/s of sha256 earns me 0.00012286 BTC daily (lifetime but the earning will go down as difficulty/hashrate increase)
My 1.56MH/s of X11 earns me 0.00341768 DASH per day (2 year)
My 1.12MH/s ethash earns me 0.00556791 ETH per day (1 year)
Half of what I have came from affiliates and even like that it will take some time to get my money back.
You can probably make more money from trading but it's risky if you're not sure about what you're doing.
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Genesis mining is legit and I have used them for over two years. I highly recommend that you stay away from cloudmining!! I invested several bitcoins into genesis and due to the constant rising bitcoin difficulty I will never come close to earning my investment back. Buy and hold is a much better alternative if you are not a trader.
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I would suggest wait for X11 to become available again....hot favorite sold out twice in few weeks. They payout daily and it is not crazy numbers so it will take awhile for ROI but sofar (2months)they have paid out everyday in ETH LTc and BTC
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Genesis Mining is a trustworthy site, they have proof of hash power unlike all these numerous ponzi's hashocean etc, i have used them for years and they haven't missed a payout and they are 100% transparent. a 3% discount code is ERzaAp
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I wrote a post about my experience with one of their sha256 contracts, my learnings might help you too: https://steemit.com/mining/@thisischris225/making-money-with-cloud-mining-examining-genesis-mining-s-sha256-contract
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Genesis-mining is one of the most stable and honest sites, although with delays in payments!
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