cloud mining


santosh asked 1 year 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 1 year 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 

Dummy-proof explainer videos enjoyed by over 100,000 students. 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.