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RE: How To Get Paid In Steem By Genesis Mining With BitCoin!
The economics of cloud mining do not make any sense. If they have all this equipment wouldn't it be more profitable if they just used it to mine? I smell a scam.
So how Genesis Mining works is they get the funds to buy the equipment then set it all up then rent it all out for the two years, then after the two years is up they have free equipment and then its paid for! This is my assumption!
so basically you are giving them unsecured loans that they don't have to pay back?
They pay back in Crypto over the term of the contracts! Never had any issues and been paid over 8k so far this year and have another year and half of payouts, so will easy get my ROI back!