Post
Topic
Board Service Discussion
Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
by
cryptojumper
on 29/05/2015, 15:13:15 UTC
Fb started feeding me ads from this site.. anyone care to share their opinion about this site?

https://www.genesis-mining.com/

AFAIK it's legit. but ROI is over a year.

They have a risk of fractional reserve mining. That means that they might be reselling the same hardware to many different people not only one or selling more hashpower than they have to say in other words.
And they are terribly unprofitable. Why bother - buy from hashnest and have no worries Smiley