Glad you're having so much success with Genesis Mining! Don't be mad but I have to be the troll that says this: If they can make more money off of mining than they charge you for the resources, then why would they do it?
The only think I can think of is that they are betting on making more profits on renting the hardware since most users will bet on the wrong coins. It's a safer business plan for genesis mining to rent out the hardware instead of betting on coins basically.
Would you agree? Good video / podcast as always :)
I don't think deeply about what Genesis does, I do what I do to earn my profit :)
In my mind the only reason Genesis exists is for me to earn profit
Well I'm really tempted to try it out, but it also makes my pyramid scheme flag go off. I'll definitely share how it goes if I do try it. Keep up the good posts. Thank you!
better to buy and hold DASH, if you have any doubts, cloud mining is not a good idea, without self confidence you are guaranteed to lose
That pretty much sounds like church buddy. "you gotta have faith". I see a pyramid. Lowest plans go in debt. only if you invest more than the average will you earn anything. I'm not saying this isn't working for you, I believe your videos. But that can't work in the long term without exploiting low level and new investors. Your contract will cost you more than it earns because otherwise Genesis would just mine for themselves without you.
Beware! There be dragons here!
if you are right, then it's a good thing I earn 90% of my hashpower
Sure. But I think Genesis is promoting a scheme that only works for the high investors. Your videos make it look pretty good but it only works in your advantage if you're not actually paying for most of your hashpower. I would love it if you shared some videos on some good mining hardware and ways to save electricity while mining.