I've been using Genesis since 2015, mining Ether...always been a little suspicious about their fees. I'm still very skeptical after calculating what I've made over the years if I actually would have made more if I had just bought the amount of Ether I could've with the $500 I invested, instead of paying Genesis to mine it. I paid $500 to mine Ether with Genesis when Ether was at $10...when Ether hit $400, I had $12,000 USD. Had I bought Ether with the $400 I invested, I could've bought 40 Ether...when it his $400, I would've had $20,0000 USD. So how is mining with them profitable?
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Great point... it probably is very profitable when most of the money invested comes from referrals and not your own money.
Very good point.. Didn't think about it from that perspective. Thank you for that