Recently I heard alot of rumors saying that genesis mining is a scam and the only way of making money is to have referalls!
I don't believe that it's true because sure if the difficulty goes up we win less curencies but, when the curency is harder to get doesn't the price go up?? o.o
What do you guys think ? Is it profitable ?
It is very profitable if you invest well. I currently am very happy with my returns from genesis mining. They are not a scam.
The only people unhappy with their returns are people making minimum investments and hoping to get rich quick. It is a mining operation so you get returns based on the hashpower purchased.
Always check your profitability of your investment before purchasing so you know what you are getting into with a mining calculator site such as coinwarz.com
That will give you a good idea of your return on investment. My other advice is to compound your earnings towards upgrading your hashpower on your contracts. This ensures you profit the most and get your ROI the quickest.
I hope this helps a little bit. Feel free to message me with any questions you may have.
Check out my blog and if you like the content give me a follow!
My code is : mFyguR to get 3% off
Wow thanks for this information ! o.o That was super helpful :P
yeah i'm gonna start soon,https://www.cryptocompare.com/mining/calculator/eth?HashingPower=0.7&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0
you do the math of how much you want to invest, also if i'm starting i will upload the updates on youtube for you.
Nice ! :P
It's very profitable if you can refer people to it. Without that I'm not too sure.
ok thanks for the feedback ! :P