You are viewing a single comment's thread from:

RE: Genesis Mining Has Been Hacked! (All Missing Payouts Coming Soon)

in #bitcoin7 years ago

I invested in Genesis in 2014 (not very much) and it worked well for a few months until the power costs ate all the profits up. After that the contracts were killed. Wasn't so much of a loss, just experimenting and I received daily Litecoins until then, but cloud mining is always risky and a good way to lose your money. There might be more legit companies than others and obvious scammers, but I think this system is scam by nature. What good is a life-long contract for, if we all know life-long in cloud mining terms means until the power costs kill the profits? Just my opinion. But thanks for the video! I didn't know what happened to Genesis until now.