Quote from: CodyAlfaridzi on October 30, 2017, 04:55:29 PM

Quote from: Bitcoincy on October 29, 2017, 04:42:11 PM

I saw a YouTube video of someone using this site - https://www.genesis-mining.com

Then I thought it looked easy and fun. But I have never heard of this Cloud Mining, thing.
I know of big supercomputers to thousands and thousands of dollars, for mining cryptocurrency.
Or a very slow and "useless" process on your own laptop computer.

Is this legit? Is it worth it? Anyone here with a Genesis or any other similiar provider experience?

Pros and cons, etc... ?

Easy and fun? It isn't. Believe me. Genesis mining has been here since 2014 IIRC and they always paid, but that's not the problem. The problem is it's not worth it. Cloud mining is risky and it may be not profitable. Better hold your Bitcoin and wait for (hopefully) another steep rise. Holding Bitcoin in 2017 is probably the easiest money making experience that I had so far. Isn't it more easy and fun?

If you really want some thrill, go invest in some alts or do day trading on Bitcoin/top crypto like ETH.

If they would always pay there wouldn't be so many people reviewing their services in a bad way. Haven't you read statements from people whose contracts were terminated due to unprofitability? Just use the search function and you'll find plenty.

They are doing good only because Bitcoin is doing good so they have enough to keep paying people.