You are viewing a single comment's thread from:

RE: Cloud Bitcoin Mining: Is It Worth The Investment?

in #bitcoin5 years ago (edited)

I have various mining contracts with Genesis Mining, and all but one of them have been unprofitable. I would have been better off simply buying and holding from an exchange like Poloniex. Also many so-called cloud mining companies are scams (Genesis Mining is one of the few reputable ones).

Lesson learned: stay away from cloud mining.

Sort:  

I've heard of some companies scamming their customers.. that's a risk in it's own right.