Genesis Mining is one of the well known company of the Cloud mining market but it is also becoming a huge scam : No one can ROI with the fees they are taking on "lifetime" contracts.
By the way, they are calling it "lifetime contracts" even if it is really misleading for their customers : it will only pay during 2-3 months before they cancel it because the fee is higher than your payout (see below).
If you invest there you will lose your money for sure. Everyday we can see some people complaining on their thread, when Genesis Mining doesn't delete their posts (see below)
This company is scamming people on purpose. They are selling dream ; They are selling hashrate without proving they are mining ; They are selling contracts knowing their customers won't ROI.
This is unacceptable and we have to spread awareness about it. Unfortunately, newbies in the crypto world are investing every day in such a company because it spends a lot of money on advertisment and people aren't enough informed.
I specify : I personaly tested Genesis Mining a lot of time ago. I did ROI the first time (like 2-3 years ago) and didn't the second time (last year) but this scam accusation has another purpose than just complaining about "myself" : I think Genesis Mining is an organized scam and shouldn't be allowed to participate and sell their service on this forum
What about ROI with Genesis Mining ? :
These 2 posts just speak for themself :
