So listen, I just looked at the "hot" section of Steemit, and saw 
Hive account@trevonjb do a really cool video about his experience at the Genesis mining farm. While this is a great video and seems like it was a really fun trip, and he's getting a ton of up votes on it...that doesn't mean his information is correct. My guess is he's promoting Genesis the way he is because of all the referrals he's been getting by giving his 3% discount code (which you can can get the exact same code if you just google "genesis mining discount code") but I'm quite certain he wouldn't be promoting Genesis had he actually been mining with them as long as I have been. I started mining with Genesis when BTC was trading at about $200. I invested thousands of dollars in mining bitcoin over a couple years and did ok...but that was only because the price was rising...had the price of bitcoin stayed the same, I would've absolutely lost money. As bitcoin rises, mining difficulty increases, and you mine less...but your account value goes up so it seems like you're doing good. Here's where I really figured out that Genesis is an absolute waste of money. When Genesis started offering mining contracts for Ether, I jumped in. Ether was trading at $10....follow me now on this. I invested $500 into mining with Genesis. Had I just bought Ether for coin value, I could've had 50 Ethereum. During the whole Ether run up, I was still mining. but as the value went up, so did difficulty, and my mining profitability went down. My Ether contracts ran out at about the same time Ether hit $400. When Ether hit $400, I had a $12,000 Ether account. Remember how many Ether I could've bought with my $500??? 50!! I would've had $20,000 dollars had I just done that. I would've made $8,000 more had I just bought Ether over mining with Genesis. Is Genesis a scam? No, absolutely not..they pay me out every day every time....is Genesis profitable whatsoever in any regard? NO...NO WAY. Their fee is too expensive, and you obviously want the coin value to go up, but the mining difficulty becomes too great so you're mining less and less, and eventually making $0 in mining. Genesis should be much more transparent in what they can actually do for you...which is basically nothing. They exist because the value of these coins has gone through the roof. If bitcoin and Ether were still at the same price they were at 2 years ago, there's a 100% chance Genesis would be out of business. I will never give them any of my money again, and you shouldn't either....not a scam, but it's a joke. If you really want a coin, just buy the coin with whatever money you were going to invest in mining..you'll be happy if the coin goes up as much as bitcoin and Ether have. I've talked to others who have had the same experiences I have had with Genesis....between myself and my other friends, we've sent tons of emails to them, and they always come back with some copy and paste answer about how we're responsible to use a mining profitability calculator. They know they're the only ones making money, but obviously with what you saw in Trevon's video, it looks really cool, which it is, but just because something is really cool, doesn't mean it's a good investment. Stay away from Genesis...biggest joke I've ever seen in the crypto mining world. I'd be really interested to know when Trevon started investing in Genesis...I'm really not a fan of people endorsing something they don't really know about, for the sole purpose of personal monetary gain. I don't think Trevon is doing this, but I do think he doesn't know enough about it. Just because he went into their farm and saw how amazing the setup is, doesn't mean it's a valuable investment for others. I bet Enron gave some tours as well, and people thought what they were doing was amazing from the outside...but look what happened to them. It's a little different, cause they were actually a scam, but never judge a book by it's cover is the point.....never judge a mining company by a video of it without knowing the inner workings of it. Let me give you an extreme example, but something that's very possible when you're mining with Genesis. Let's say you start mining with genesis today and invest $2700, and let's say BTC is at $2700. Now, let's say tomorrow, BTC goes up to $3200, and by the end of the month is at $5400. I don't know the exact calculation, but if you invested $500 in mining with Genesis today, in one month, you MIGHT have .2 BTC. So your $2700 would now be worth maybe $27,050 day 2, and around $3000 at the end of the month...had you mined. Now, had you just bought BTC when It was at $2700, you'd have $3200 the next day, and $5400 at the end of the month. So how is investing with Genesis a smart idea? It's absolutely not!
