Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider!

Genesis Mining is not one of the 'best performing products on the market'. I am getting about 3% per week using auto switching paying out in btc. There are other legitimate altcoin cloud mining sevices returning over 10% per week.

I am new member of this forum. I am thinking about mining. I have found that a lot of miner are mining with Genesis-mining. So i need to about their performance. What do all of you think? Can i start mining with them.

Well depends...

If you want mine some coins and holds maybe...
If you want to ROI...not a chance...Overpriced MH/s and 1 year contract...Monsters like Gawminer and KNC scrypt aren't even here...
Go buy some Miners or look around...you have plenty alternative.

Beside that, i never be disappoint on the support side of Genesis mining, very Pro...so sad MH/s are expensive and 1 year contract...oh... and no compensation for early buyers...

I totally agree with you. If you are looking for ROI than mining is not a good and useful option. But if you want to hold some coin than you will be profited by mining.

Heu im think the best best best option is directly buy coins Grin

I am a new miner. I am quite confuse. Some members are suggesting to start mining and hold it and some others are suggesting for buying BTC. Now what would be best for a new miner like me.

I am sharing my experience with GM to help you decide what is better for you:

I began in June 10th - pay 0.42910000 BTC for 2MH/s one year contract.
By today my total earning is 0.129611951 BTC (last payment as today Aug. 12th).
My setting is Auto BTC all the time and I received one 0.03MH/s as reward by end of June for reffering contract.
As difficulty is going up I see no chance to get back my investment.

If you like mining, then I would suggest to buy own miner and start to learn.
If you looking for good investment then I suggest to buy coins directly and keep them.

I am not against GM, I like support and activity here and good atitude. Take your investment seriously and do some math before you decide.

Good luck.

In two months you get 0.129611951 BTC. So everything is gone in this way you will make almost double of your investment. Isn't it good enough?

This will be very easy to do calculation like that Shocked

). I will be very happy if this will go this way. But, you need to look how payment was done in past and what amount you are receiving these days. We are dealing with increasing difficulty and therefore you need to understand that value is significantly lower now then in the June and will be even lower.

This is a trend:

I don't think it's a good sign for miners and for those are thinking about mining.