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RE: Genesis Mining : Delayed Payment Due to Hacked Hot Wallet. All funds to be reimbursed.

in #genesismining8 years ago (edited)

Thanks for the update, it's always appreciated!

I am still considering buying a gift of a mining contract on Genesis for my dad. He is not tech savy enough to mine on his own so this seems perfect for him. Any recommendations? My budget is $2.5k

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Mining profits are down at the moment. Difficulty is up and coin prices are down. I would instead take that $2,500 and split it equally between BTC, LTC, EOS, and DCR.(XMR too, if you can find a easy way to store it for him.) In 2-3 years I think he will be happy with his gains.

Yeah that's the alternative I have been thinking about too. I helped him build up his portfolio so far and maybe I'll just add to it as a gift. But no thanks on EOS (not a fan personally) 😉

Thanks for your opinion.