Post
Topic
Board Service Discussion
Re: Marco Streng CEO Genesis Mining: Please Save Cloud Miners & the Mining Contracts
by
Slow death
on 04/10/2018, 17:25:00 UTC
It is kind of a bet that the coin price will rise.


a bet that does not bring any benefit

The only way to profit on a cloud contract is to have a steady price rise that outpaces difficulty adjustments for the life of the contract.

I read a comment that only if the price is $ 10,000 that will be profitable, the current price is $ 6500 and may take years to reach $ 10,000

What exactly do you mean by fair and transparent?

I remember reading many comments from people who had bought contracts when the price was $ 14000 and even then these people had no profits. But genesis mining made promotions.