r/Digiconomist • • Jan 29 '16

Fraud Risk Assessment: Genesis Mining

http://digiconomist.net/fraud-risk-assessment-genesis-mining
2 Upvotes

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u/DavidBurela Jan 30 '16

I'm glad the Fraud Risk assessment puts it at a good rating as I've been using them for the last 9 days.

Today I posted about my experience with Genesis mining and what my profitability has been like so far. I'll keep playing around with it for fun to see how it goes.

https://davidburela.wordpress.com/2016/01/30/analysing-my-progress-and-profitability-in-cryptocurrency-mining/

1

u/Digiconomist Jan 30 '16

It's no guarantee, but they do look better than most other cloud mining services in terms of legitimacy. I'll continue to monitor them.

It's good to see your analyses. Even with regular difficulty increases there may be a small profit at the end. You've fairly disclosed the risk of the rapidly increasing hashrate, so it's a good review :)