1000$ in mining , is it worth ? | Bitcointalksearch.org

Newcoins2020

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Quote from: frodoe7 on May 30, 2016, 05:16:18 PM

Hello
we are going to invest 1000$ with https://www.genesis-mining.com
because it's the most trust one
but can anyone estimate our daily profits from investing 1000$ with that ??

This could probably be the worst thing you could do with your money. I rather advice you to donate it if you want to have a good feeling about your money.

The current situation is that it's better to buy and hold bitcoins, if mining is not possible for you.

amacar2

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You better learn more about bitcoin trading and altcoin trading and invest that amount to do trading. I am sure you will earn more than investing and risking in cloud mining. Never invest in this type of cloud mining sites.

crazyivan

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There s no way u will get your money back with Genesis Mining. They re simply not profitable at all so dont be stupid.

mrsalve

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No point to put your money in BTC mining right now. Need to wait halving and see what markets and machine builders is doing after that.

European Central Bank

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I think anyone considering going into any type of mining just before the halving needs to stop and think. Even the biggest miners don't know what's gonna happen. There's a strong chance cloud miners are gonna quit and take your investment with it. Plenty have even without the reward being cut in half.

Bitinity

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Are you serious you own the $1000 and want to invest it on cloud mining service? If I have those $1000, I will prefer to buy a hardware mining instead because it has less risk than cloud mining.

GregH37

legendary

Activity: 1302

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Investing 1000$ in mining is just none-sense. what is the proof of their legitimate? If they are legit and paying then still 1000$ not worth to invest there. because mining sites can turn in scam at any time.. 1000$ is too much, don't wast them in cloudmining. even I think with 1000$ you can setup your own mining system..

Baby Rage

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rather take that 1000$ and invest it in btc or even better get some hardware. but that all depends on your regions electricity cost. if you pay less than 0.07$/KWH you will be making profit. do some research into the nbew miners being released, and take some time.

BitcoinSupremo

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Quote from: frodoe7 on May 30, 2016, 05:16:18 PM

Hello
we are going to invest 1000$ with https://www.genesis-mining.com
because it's the most trust one
but can anyone estimate our daily profits from investing 1000$ with that ??

First is good that you asked before doing it for real. Please refrain yourself from making the biggest error of your life, Genesis mining maybe legit, but here is how they function, you buy a lifetime contract with them, you get your winning in 2-3 months then they shut down your miner telling you its not profitable anymore, boom you lost your investment. Be safe, cloud mining is not good at all during these days, its not profitable at all, wait for S9 when they come on July or September and invest in Hashnest then, S9 is supposed to be profitable for at least 6 months since they will be based on 14-16nm chips.
Anyway Genesis mining is the biggest scam of mining history, their marketing is to say the least deceiving so stay away.

frodoe7

member

Activity: 132

Merit: 11

Hello
we are going to invest 1000$ with https://www.genesis-mining.com
because it's the most trust one
but can anyone estimate our daily profits from investing 1000$ with that ??

Topic: 1000$ in mining , is it worth ? (Read 540 times)