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RE: Genesis Mining Review - Is It A Scam?

in #bitcoin7 years ago

Thank you for the video, I also got a few contracts with Genesis I started just under 2 months, shame you don't talk much about the other contracts besides BTC, are they profitable?

So far with my calculations Ether & Dash doing well but that all depends on the value of the coin.

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@vcm11 I may cover those other coins in a different video as I have heard arguments on both sides as to they are netting a return or not as a lot of these contracts are new and do not have a track record like the BTC contracts yet. I have not looked too much into the other coins so I did not want to speak too much on the other coins.

No worries. following you so i'll keep an eye out. cheers

All managed mining pools are a scam. Because the actual owner of the hardware makes he makes money first.

I did the calculations.

Wit a 10k investment you would get 0.8 ETH per months.

With a 2 year contract that leaves you with 19.2 Ethereum after 2 years.

At the current price for 10k USD you can buy 30.12 Ethereum.

@bestcoin84 there are indeed a lot of people that agree with you and although I do not think that it is a scam I will not be putting my money into in mining contracts as there are far better ways to grow my money.

Share this high returns for us all

@newmarket65 I'm all for people making profits and if a person has all other bases covered and wants to invest I'm all for it.

To be honest, the word scam has been used far too much nowadays, people calling bitcoin a scam, bitcoin lovers calling altcoins a scam, the list goes on and on. As long as you don't put more money then what you are willing to lose you should be alright.

There is a few people out there which I been following who already broke even and are now in profit so if that is the case you can't really call it a scam.