Quote from: richardsNY on February 22, 2018, 11:09:33 PM

Quote from: timerland on February 22, 2018, 10:39:24 PM

The thing is, your cloud mining contract will always start off well and over time, as difficulty increases and mining rewards essentially lessen, you're going to be making out most likely a loss at the end of the day.

Pssst, don't crush people's dreams to become rich with cloud mining. Oh wait, it's impossible to do that with how dumb the majority of the people here are. If the past has taught us one important thing, then it's the fact that cloud mining could have only survived this long, due to how mentally incapable people are when it comes to calculating basic risk and reward ratios. Seriously, if you look at the insane amount of risk you expose yourself to with cloud mining contracts, and realize that the return (if ever) is just a fraction of your initial investment due to the likelihood of your contract getting terminated at some point, you'll instantly ask yourself how on earth you wasted so much time on this nonsense....

Seems people can't learn on their mistakes. Hashocean - this website was running for months, people invested and invested as much as they can and boom, one day they dissapeared and people still believed that their server had problems and they weren't scammers and etc.
Now what I think is that talking about how bad cloud mining is don't has any idea, just look how many thread is created here everyday about cloud mining.
Now somehow someone opened thread against genesis, that's progress. Hope people will realize that cloud minings aren't a group of silly people who works for you. they get a lot of profit with your money and in reality they hang on you and show it with the result of saying: difficulty increased and we can't cover money.