I think it is time that I write about my investment failure here as well. Everything was in front of my eyes and I couldn't see the negative outcome.
I think it is time for another update.
https://blockchain.info/address/1hiJahLpuiD5ooMg9CQPwrYjXdDhJ3NP4Here you can see income I have received from genesis-mining. It is now 5.2 BTC total (5.61-0.41 - I have bought from a friend)
I think we will now settle at 6 BTC after maybe another year. Genesis mining web site now converts 5.2*current price of BTC which shows profit on USD.
Here is the dilemma:
If you think BTC value will not increase you will not be paid so there is no point in mining, if you think BTC value will increase in the future what is the point in mining, just keep the damn thing in a wallet. Either way do not invest in miningMining is profitable in China where there is cheap electricity and they are pretty much exporting coal in a profitable way. But still they are not increasing their assets in terms of BTC, they are getting USD.