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RE: Cloud mining FRAUD and Genesis Mining contract fees
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.