Tag: Genesis Mining

Genesis Mining Customer: Company Is Now Ponzi Scheme

Cryptocurrency cloud mining has always been problematic, both for companies and customers alike. Nearly every company in this industry is or turns into a major Ponzi scheme at some point. One of the few legitimate companies to date is Genesis Mining, but it looks like some of its customers are not too sure about the future of the platform. Genesis Mining’s recent payment issues and unfortunate hack have caused some delays, but the company …
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Genesis-Mining Review

There are a plethora of cloud mining companies available. Most are complete scams while others are ponzi schemes, rarely one can find a diamond in the rough where a cloud mining company isn’t going to exit scam or offer contracts which are impossible to make profit on. Genesis-Mining is an old player in the cloud mining game and in this review we will go over some of it’s features / …
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Is It Worth Buying Bitcoin Cloud Mining Prior To The Halving?

With the Bitcoin price continuing its upward trend, the question becomes how profitable it is to start mining again. With the Bitcoin halving nearly upon us, that question may have multiple answers, and comprise of both positive and negative aspects. Cloud mining could be well worth getting involved in, depending on how the mining landscape evolves in the next few months. Bitcoin Cloud Mining Has A Decent ROI For Now …
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Profitability of Cloud Mining After Ethereum Price Drop

With the very volatile Ethereum price right now, cloud mining contracts for this digital currency are a decision that needs to be weighed very carefully.  It will be all the more difficult to make an ROI right now, but the comparison over at CryptoCompare gives quite an interesting overview that is well worth taking into account. Also read: Ethereum Technical Analysis for 04/13/2016 – Major Battle Zone at 0.0215 Falling …
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