RE: Thinking of cloud mining with Genesis? Get your head out of the clouds and READ THIS FIRST!

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Thinking of cloud mining with Genesis? Get your head out of the clouds and READ THIS FIRST!

in cryptocurrency •  7 years ago  (edited)

Great post. Appreciate the brutal honesty.

I learned this lesson the hard way back in 2013 when the Bitcoin manufacturers talked a great game about Gen. 1/2 ASICs. They proceeded to then mostly delivered 'em all too late to their customers to do any good.

My advice to anyone thinking of a mining contract: "Don't. do. it."

cryptocurrency
7 years ago by

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      ·  7 years ago 

    Mining is profitable for a very short period of time when the equipment is cheap and the price is just right. I am still profiting on my mining rig, but the time decay is creeping in quickly

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