I was looking into Genesis, but I'm new to the idea of mining, so I wonder why they need us to invest in mining when they could do it themselves. (Can't they?) I'm just having a hard time seeing A. Why they need us and B. How or why it would be profitable for us. What are your thoughts on that?
You are viewing a single comment's thread from:
They are basically like a Mining Hardware Supplier. Like BitMain. They buy from their supplier and sell to you @ a margin, get all the money + profit instantly rather than over 6-12 months
So, are we (as miners) mining to hold, because the profit will take time to realize, or is there any upfront profit in doing this type of mining? I guess I'm trying to understand the risk / reward ratio.
Look at my post regarding mining you can see what I made over 4 months and how much I invested
Thanks, robbierush, will do.