cloud mining

santosh asked 12 months ago

Ant miner s9 cost around USD2500 which provides around 13TH/s,But for the nearly same price of USD2600 Genesis-mining is providing 20TH/s.So is it profitable to invest in genesis or to buy antminer..??

1 Answers
Zsofia Elek answered 12 months ago

Hi Santosh,
Generally speaking, we do not recommend cloud mining as in most of the cases they turn out to be either ponzi scheme or not being profitable, here you can read more. We have already written a review about Genesis, why we think it is not profitable on the long run. On the other hand, Antminer is your hardware, directly producing bitcoins to your account, so you are less dependent on external factors.

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.