What is this Genisis Mining?

in #mining7 years ago

I'm new to Cryptos and walking my way through.
But how to get some Cryptos?
Besides Steemit there is not much around isn't it?
You can buy it or mine it and that's it for the moment right?

So i looked up some Miningsites
And i have to say most of them are rubbish or scam ^^

Then i found Genisis Mining

Would like to know who has experiences with them?
Is it worth time and money?
I would say it looks legit... no?

How about Partner Programs on Mining Sites?
Are there any? Want me as a Ref? Let me know

Sort:  

Genesis screwed up in July and is still lagging behind. The worst part: don't believe a word they say. Totally unaccountable.

i dont trust any of this...

In the past simply buying crypto (esp. Bitcoin) - and maybe trading it, the high volatility can give you nice gains if you time it right - has always been the more lucrative option, compared to the same amount invested in some 'mining contract'. Even IF they pay out and are not a scam.

Mining Bitcoin has become a very tough business - I would not waste any time with it, no matter if you mine yourself or use one of the cloud mining scams, errrrr, 'services'.

For various alt-coins, esp. Ether, mining is still a viable option, but it is worth it to read up a little and mine yourself (one or several good ATI graphic cards, mining on one of the respected mining pools). If you live somewhere where electricity is cheap, you can earn quite a bit that way.

I would always advise AGAINST using ANY of those questionable mining sites, 90% of which don't even mine... (Genesis does mine, but if you really calculate any of their contracts, you will find that actual profits are symbolic or zero, and always worse than the options mentioned above).

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you can also claim free crypto everyday and get some free for referring people please check my post if you like it feel free to use my link to sign up.

https://steemit.com/swiftdemand/@isteemithard/swift-demand-how-to-earn-100-free-coins-a-day-without-mining

Upvoted thanks fir sharing this ..😊