No, NO, NO and NO.
Genesis Mining is nothing but an ordinary legal scam. There s no way u ll ever make money with them.
My suggestion is to try PoS coins, something like this:
https://bitcointalksearch.org/topic/how-to-make-serious-money-by-investing-into-proof-of-stake-pos-and-masternodes-1931773
Topic: Cloud Mining / Roi / Difficulty - page 2. (Read 1479 times)
I wouldn't suggest you to invest at cloud mining at all. I loved cloud mining at cex.io a few years ago and I've actually got a ROI without practically investing anything but now even they've stopped selling hashrates, they're just too unprofitable, and I've tried looking at cloud mining again and could't find the legit one or the one where you could actually profit from.
The calculator is all you can trust really. The difficulty is going to increase Day by day for sure because daily hundreds of miners jump into the mining industry and try their hard luck. Of course it has got so difficult now a days that the PPLNS share reward has dropped to four times what it was earlier in the start. This now is not possible to get unless and until your hash rate is bigger. To be honest try to mine with caution on any cloud sites. With 13,000 USD you can actually set up your own miners. To be honest that would give you lifetime opportunities to earn bitcoin.
With $13.000 in Cloud Mining you will never hit ROI. Just to let these $13.000 in BTCs in a cold wallet worth much more. After some months or years you will can earn much more than 100% profit over this amount while at Cloud Mining investment nobody knows! The only certain is that you won't be able to recover your investment (in fiat price possible, but you will never hit BTC ROI).
Or you can split the $13.000 in some amounts and invest it in few sites of the Crypto-Currency world, withdrawing the profit often to minimize the risks.
Or you can split the $13.000 in some amounts and invest it in few sites of the Crypto-Currency world, withdrawing the profit often to minimize the risks.
Stop investing in cloud mining, it will never work and worth of your time and money. Simply buy bitcoin and hold it for a longer time.
This is much better to put your investment, stay away from those scams.
This is much better to put your investment, stay away from those scams.
Let me warn you before,
do not ever put your money into Cloud Mining or something like that(buying contracts for a year or something like that).
Because you will never get it back,it's like you are giving away your money to them.
Reason :
1.Electricity Fee
2.Difficulty
3.Hidden Fee
They put a so called 'Calculator' to calculate your income if you buy their contracts,
but in reality you will never get what you see on it.
Especially Genesis Mining,go here for one of costumer GM who's complained about their contracts :
https://bitcointalksearch.org/topic/scam-alert-do-not-invest-in-genesis-mining-1185909
or type in google if you're looking for more.
do not ever put your money into Cloud Mining or something like that(buying contracts for a year or something like that).
Because you will never get it back,it's like you are giving away your money to them.
Reason :
1.Electricity Fee
2.Difficulty
3.Hidden Fee
They put a so called 'Calculator' to calculate your income if you buy their contracts,
but in reality you will never get what you see on it.
Especially Genesis Mining,go here for one of costumer GM who's complained about their contracts :
https://bitcointalksearch.org/topic/scam-alert-do-not-invest-in-genesis-mining-1185909
or type in google if you're looking for more.
For me much better to don't spend time in such a scam cloud mining site there are no cloud mining site that can gives you real profit..
Most of the cloud mining site are scam so better to stay away if you want to make a profit invest in bitcoin and hold it for a long time and sell it wait for the decrease of the price and buy again for cheap price just to taking the advantage of the price movement..
If you calculate your roi in cloud mining site the difficulty is always changing that i think until you will not making any profit .. and mostly base in my own experience you are just letting you invest more and scam in the end..
Most of the cloud mining site are scam so better to stay away if you want to make a profit invest in bitcoin and hold it for a long time and sell it wait for the decrease of the price and buy again for cheap price just to taking the advantage of the price movement..
If you calculate your roi in cloud mining site the difficulty is always changing that i think until you will not making any profit .. and mostly base in my own experience you are just letting you invest more and scam in the end..
you have to count the 28% maintenance fee and deducted from the total to know your profit...
the good thing is as bitcoin is going up you'll get your investment sooner.
I used this code gf3CTB for 3% less on my purchased and saved me few bucks too.
the good thing is as bitcoin is going up you'll get your investment sooner.
I used this code gf3CTB for 3% less on my purchased and saved me few bucks too.
Theoretically it might be profitable bit that is just considering the difficulty and price doesn't change. And matter of fact, both change constantly. So it's very hard to predict whether you will be in profit. But I highly advise you to NOT invest in Genesis mining. They probably legit but their business is getting more questionable by the day. They didn't pay put for 2 weeks. I invested 0.013 btc in this shit site and I wish I would have that money back.
i hold btc and many other coins.
I dont want to buy btc i think about to buy mining power at genesis or hashflare ( with btc not with fiat ) or anywhere else, to increase my BTC Amount. Thats why i asked if anybody know how much will decrease the final btc amount because of the difficulty. Or is it impossible to get a Approximate estimate?
I dont want to buy btc i think about to buy mining power at genesis or hashflare ( with btc not with fiat ) or anywhere else, to increase my BTC Amount. Thats why i asked if anybody know how much will decrease the final btc amount because of the difficulty. Or is it impossible to get a Approximate estimate?
Yes, thats the question how much will make the difficulty.
My main idea was why let Bitcoin in my wallet if i can let they mine more bitcoins.
My main idea was why let Bitcoin in my wallet if i can let they mine more bitcoins.
I agree with you. Also Bitcoin price goes higher when difficulty increases so you won't lose money.
Yes, thats the question how much will make the difficulty.
My main idea was why let Bitcoin in my wallet if i can let they mine more bitcoins.
My main idea was why let Bitcoin in my wallet if i can let they mine more bitcoins.
Theoretically you'll start to profit after 5 months.
But as you told, increasing difficulty is not considered.
But as you told, increasing difficulty is not considered.
Hello Guys,
i have a question and hope you can help me.
For Example if I buy for 13.000 $ 100 TH/s on genesis mining.
The Calculator from https://www.cryptocompare.com/mining/calculator/btc?HashingPower=100&HashingUnit=TH%2Fs&PowerConsumption=333&CostPerkWh=0.0 says it mine per Year
Ƀ 10.67.
I know it is not the final mining result because the increasing difficulty is not considered.
But how can I create a relatively accurate calculation how much Bitcoin really end up coming out? Also the fees of Genesis still have to be considered.
Do you think it is so at all possible to increase bitcoins with cloud mining?
Thank you
i have a question and hope you can help me.
For Example if I buy for 13.000 $ 100 TH/s on genesis mining.
The Calculator from https://www.cryptocompare.com/mining/calculator/btc?HashingPower=100&HashingUnit=TH%2Fs&PowerConsumption=333&CostPerkWh=0.0 says it mine per Year
Ƀ 10.67.
I know it is not the final mining result because the increasing difficulty is not considered.
But how can I create a relatively accurate calculation how much Bitcoin really end up coming out? Also the fees of Genesis still have to be considered.
Do you think it is so at all possible to increase bitcoins with cloud mining?
Thank you
Jump to: