Dear Steemians,
I am contemplating on investing with Genesis Mining but I am wondering if it is worth the investment?
I understand that Genesis Mining is website where users can purchase cloud computing power and start mining Bitcoin, Ethereum, Litecoin, and more daily.
In my research, Genesis Mining seems to be a legit way to start earning crypto currency daily.
It seems very cool that you can make money like this and I know there are a lot of people into cloud mining.
I also came across this video that gave a very good review on Genesis Mining:
However, there are some other forum posts and videos stating that Genesis mining is a scam. They claim that Genesis Mining is not a real company and that they knowingly sell contracts which won't make a return on investment.
What are your thoughts?
Is Genesis Mining legit?
Do you have experience with cloud mining?
I would love to hear from you!
Cheers
Yes, it is definitely a legit pool mining site....I have been using it from last 2 months and haven't had any issue with payouts so far.
Cool! I appreciate your advice :)
Genesis Mining Is as Legit as it gets for cloud mining. If you were to invest in any cloud mining site. Do Genesis Mining. I'm only a week in, but I'm very satisfied so far. I follow a couple people who have been mining for over a year and they're still getting the sweet reliable everyday pay outs. Use my code IX7VRg for 3% off and then when you get a code send it to me. I'll use yours too. : )
got it! thanks! :))
Historically cloud mining has proved are just ponzi schemes, the most famous one was the GAW Miners, that piramid crashed at the end of the second bubble. Unless they can give you a tour to their bitcoin farm and even then is not worth risking your money
Interesting viewpoint, thanks argih! :)
Upvoted and followed. I saw a recent video of someone recording inside Genesis' operation, so they do allow tours, but they aren't giving the location away. Haven't used them myself, but seems more legit than, say, ethertrade dot org (not linking to them).
Thanks libertyteeth :) i would love to go for the planned tours if possible