Just a heads up. Cloud mining has never been profitable. If you purchase cloud mining from genesis, you will lose about 30% compared to just buying bitcoins. The reason for this is because difficulty gets adjusted every 2016 blocks and it pretty much always increases. That means that a fixed amount of hashing power (1 TH/s for example) will receive an ever decreasing reward.
You wont make a profit, you wont even make your money back. So, if you want bitcoin just buy it instead and don't waste your money on cloud mining.
Agree. I looked at it a month ago and then did the homework. Even at inflated GPU prices it is FAR more efficient to set up your own rig for $2500. Hell, if they don't defuse the difficulty bomb(since PoS isn't coming, idk why it's still in place....) but anyway, you can switch to several different currencies to mine at any point with your own rig.
So long as you're looking at the long run and understand it's not a get rich quick scheme. I really don't like seeing those links to genesis for the "3% off" bullshit. It just makes me trust that person even less. Call me crazy.....
Have a good one man
The sad thing is that many newbies are going to look at trevon making all this money, see that promo and sign up to get ripped off.