Genesis has had mixed reviews in my experience. Many feel that the amount you pay to set up the cloud mining is far too much for the return in investment you receive, usually you won't see a profit for at least a year. In fact, the gains we've been seeing in BTC and ETH lately, it would've been far more profitable to just buy the coins outright and hold them long term.
Others on the other hand see value in the long term investment (I believe Genesis offers a lifetime mining contract) and aren't bothered by the trickle profit.
Some call it a scam, others think it's a great thing.
I'm happy with my decision to just buy BTC and ETH and hold onto them for the long term. :)
I suggest looking further into it and see how you feel.
Genesis has had mixed reviews in my experience. Many feel that the amount you pay to set up the cloud mining is far too much for the return in investment you receive, usually you won't see a profit for at least a year. In fact, the gains we've been seeing in BTC and ETH lately, it would've been far more profitable to just buy the coins outright and hold them long term.
Others on the other hand see value in the long term investment (I believe Genesis offers a lifetime mining contract) and aren't bothered by the trickle profit.
Some call it a scam, others think it's a great thing.
I'm happy with my decision to just buy BTC and ETH and hold onto them for the long term. :)
I suggest looking further into it and see how you feel.
I appreciate your taking the time to explain it to me that way. Thanks!