Cloud mining FRAUD and Genesis Mining contract fees
YVhXDJ = Genesis Mining 3% discount https://www.genesis-mining.com/a/224536
@tpos payment #1 : The pot accumulated a balance of 1147.974 STEEM and paid out an equal 49.9 STEEM to all 23 participants. The next pot has new rules.
- Send a tip of no less than 35 STEEM to The Pot of STEEM.
- Every 2 to 3 days the pot pays equal amounts of STEEM to every participant.
- Tips below 35 STEEM are treated as donations and senders won't get a payout.
- Lowest value tips will be refunded (lowest meaning the bottom 10% tip values).
- Payouts managed by @murh
I don't know if this is high fees since did't shop around. I had read more negative things about Genesis than positive things but i bought 0.400 TH anyways. I will upgrade once it makes enough for me to upgrade the minimum. That might take a long time as I am banking about '0.12' cents us (edited) per day at todays bitcoin rates.
If it doesn't make enough for me to upgrade by the time it becomes unprofitable I won't have much nice to say. So let the experiment begin.
you need about 3TH to reach profitable
I hope to upgrade. I don't yet feel genesis is robbing me.
And I like it gives me the bitcoins. Those could, probably will skyrocket, and what is banked today at 12 cents value in a year could be worth a dollar or more.
I might be longer term investment then people are banking on.