Are they legit? - page 2. | Bitcointalksearch.org

Omikifuse

legendary

Activity: 1862

Merit: 1009

Quote from: monim1 on May 27, 2014, 01:34:24 AM

I am a newcomer and i think trading is a risky option for newcomer like me. So, i think mining is the best way to earn Bitcion. .I have found a post in this forum on BTC mining, where www.genesis-mining.com is offering to start mining from 0.14 usd kh/s per year. How are they offering such a low price? Are they legit?
Here is the link of that thread: https://bitcointalksearch.org/topic/genesis-miningcom-worlds-leading-hashpower-provider-602022

They are legit but it might not be profitable even you think its such a low price. Many people predict that the difficulty would stop at one point (which did not) and thats the only way you can be profitable.

Etanllah

sr. member

Activity: 426

Merit: 250

The difficulty on bitcoin is so high now that mining is very very hard. Even with MH/s you're not going to get enough Bitcoin to even notice. So I don't think the price is as low as you're thinking.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: monim1 on May 27, 2014, 01:34:24 AM

I am a newcomer and i think trading is a risky option for newcomer like me. So, i think mining is the best way to earn Bitcion. .I have found a post in this forum on BTC mining, where www.genesis-mining.com is offering to start mining from 0.14 usd kh/s per year. How are they offering such a low price? Are they legit?
Here is the link of that thread: https://bitcointalksearch.org/topic/genesis-miningcom-worlds-leading-hashpower-provider-602022

What exactly do you mean "earn". The people earning Bitcoins are the ones selling their goods and services in exchange for Bitcoin. In the case of miners, they are being paid a processing fee for processing transactions, and they also get the subsidized block reward.

The cheapest way to acquire coins is to just buy them. Mining and virtual mining are all losing proposition currently (you will guaranteed end up with less coins than had you bought coins directly). Mining is good if you want to support the network or just find mining fun.

monim1

full member

Activity: 155

Merit: 100

I am a newcomer and i think trading is a risky option for newcomer like me. So, i think mining is the best way to earn Bitcion. .I have found a post in this forum on BTC mining, where www.genesis-mining.com is offering to start mining from 0.14 usd kh/s per year. How are they offering such a low price? Are they legit?
Here is the link of that thread: https://bitcointalksearch.org/topic/genesis-miningcom-worlds-leading-hashpower-provider-602022

Topic: Are they legit? - page 2. (Read 1797 times)