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RE: Genesis Mining- What is scam, what may or may not be scam.EDIT 26.07: They admit they have been hacked
Well mining itself is pretty hard to be profitable. Usually miners buy a rig, mine, difficulty goes up, have to buy another rig so they sell their old one. That's essentially the model genesis mining has minus the selling part. If people sat down and did the math they'd figure out that it isn't worth it unless they sign many people onto the platform and use their codes. But too many people just want to a quick way to get rich.