Is Genesis mining really profitable ?

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Recently I heard alot of rumors saying that genesis mining is a scam and the only way of making money is to have referalls!

I don't believe that it's true because sure if the difficulty goes up we win less curencies but, when the curency is harder to get doesn't the price go up?? o.o

What do you guys think ? Is it profitable ?

Is Genesis mining really profitable ? | Ecency