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/biz/ - Business & Finance

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3336459 No.3336459 [Reply] [Original]

does anyone know anything about genesis mining?
>rent computer time, all set up for you
is it a scam? is there any way to determine profitability?
>sounds like the cliche of the guy who sells shovels in the gold rush

>> No.3336470

Yes it is a scam. Classic ponzi scheme. Hashocean did it first.

>> No.3336488

>>3336470
Why is it a ponzi?

>> No.3336511

>>3336488
I have mining hardware, why do I let you rent it for less than the value of the coins it will mine?

>> No.3336515
File: 117 KB, 562x775, 08cb0dbfe63347e8a7edb4a160549e50[1].jpg [View same] [iqdb] [saucenao] [google]
3336515

>>3336488

>> No.3336555

>>3336459
tl;dr
>used to be okay
>now scam

>> No.3336597

>>3336470
>>3336511
>>3336515
cool, thanks.
good to know, will avoid it