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RE: My visit Inside Genesis Mining
Genesis mining is rubbish, you'll never recoup your initial investment in fiat, much less in crypto! These "geniuses" can't even send ETH to a wallet so it is actually received - no payment received for 11 days!
Their "story" about security compromise is a lie, and even if true, would only amount to a loss of a couple days in mining income.
They're are totally untransparent regarding what really occurred.
Cyptonick, Boxmining, CrytoRich and others are just paid pimps for Genesis & Hashflare, with almost none of their own funds actually invested.
Stay away from GM, Hashflare and BitConnect scams unless you want to lose your money!
I've looked into cloud mining profitability on so many occasions and I don't understand why anyone would ever purchase a contract. You're 1000% better off just buying the crypto straight up.
I've mined before and love the tech behind it, the process of setting up GPU's, etc, but cloud mining just seems like a way for these companies to charge a fat markup on hashing power.
it because of lifetime contract you winning in the long run