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RE: Why Genesis Mining Payout is Decreasing

in #bitcoin8 years ago

Thanks a lot for this post
I was thinking few days ago to open an account with them but i saw many reviews saying that it is not profitable like in the past
good thing I was hesitating

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if you are going to signup for bitcoin mining, i suggest you take at least 10 TH/s.

yes ..if I want to see some money and not 10$ a month
10TH/s cost thousands ...and if i would spend this money i would prefer to get some more BTC or other crypto coins that would provide me bigger gain in shorter time

Well, if you're good in trading, that would be better than mining.

Mining with Genesis is for people who are looking for a defensive way of investing in cryptocurrencies.

I agree ...thank man :)

not at all.. to the moon!

I would not recommend Genesis mining. There is a lack of transparency from them. When you compare the payouts from mining calculators to what you receive. Genesis is under what other 3rd party mining calculators estimate. Note, that the mining calculators also have the most current information for difficulting and block reward and there is a significant difference between the calculators and the actual payouts from Genesis.

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