Cloud Mining Some Questions - page 2.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

oh man free electricity is the heaven for miners , you should take this opportunity to save some money and start mining yourself
mining with no electricity costs is really good , so you should go for it
I don't want to dissapoint you but you made a big mistake when you invested in GM

zend7

hero member

Activity: 658

Merit: 501

Hackers please hack me .... if you can :)

Mining can be done from you now and its not worthy to join any cloud mining. The best ones like Hashnest you will never ROI with them so its a loss on investment there. If you have cheap electricity you can buy a computer rig to mine altcoin or you can buy an expensive antminer to mine bitcoins. At least you are in charge there and you can turn them off when you want if you see that mining is not going well. But with free electricity or even with cheap one with an antminer s9 you can be very much profitable.

bapparabi

hero member

Activity: 826

Merit: 1000

best way will be buying antiminer as you have free electricity you get better return ..because genesis mining you never get roi before that you mining hardware will closed due to not profitable as per genesis .. you can search in this forum and you can see how much people are depressed by investing in genesis mining

rphk

full member

Activity: 210

Merit: 100

best is to buy rather than investing cloud mining , as everyone knows that cloud mining sites are very risky and so many cloud mining sites gone scam . best is to buy and hold it . or invest in some legit sites or trading . or running your own sites like gambling , facet sites etc. , always do research before investing on any sites as so many sites are not legit.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: LittleChange on August 25, 2016, 12:32:49 PM

Hi, i have free Electricity but by now i dont have enough money to invsest in a antminer so, i invest in Genesis Clouhd Mining

Here is a few questions.

1) How much The difficultity change?
1) i invest 25$ 4 m going to receive 34$ by month i think i wil get my roi

so?? i read some articles about the genesis, i will never get my roi back, so what you think?

and sorry for my bad english im from Venezuela, and i have Free Electricity what you recommend?
anyone outhere can help me? i know how to set up and everything about mining, pools, machines, easy, but any recommendation please help me

we have economic problems in my country,

There's a difference between Mining (actual with rigs) and cloud mining.
With actual mining you have to take into consideration the cost of electricity because the mining rigs that you will use eats up a lot of electricity, on top of that you also need to consider the ventilation, just like a normal computer, you need to keep those mining rigs cool so with out proper ventilation, your mining rigs will not last, with that in mind that will cost you more electricity.

With cloud mining, you don't need those mentioned above, all you need to do example is Genesis Mining, register, buy some hash power, wait for it to grow, that is if you will earn from them because I heard those cloud mining sites charges a lot on maintenance fees so I guess its not worth it.

If you can, stay away from cloud mining, there's a big risk there of not earning back your money as promised by the site. If you have enough money to invest, try actual mining but prepare for the operating costs.

senyorito123

hero member

Activity: 1764

Merit: 505

20BET - Premium Casino & Sportsbook

Quote from: LittleChange on August 25, 2016, 12:32:49 PM

Hi, i have free Electricity but by now i dont have enough money to invsest in a antminer so, i invest in Genesis Clouhd Mining

Here is a few questions.

1) How much The difficultity change?
1) i invest 25$ 4 m going to receive 34$ by month i think i wil get my roi

so?? i read some articles about the genesis, i will never get my roi back, so what you think?

and sorry for my bad english im from Venezuela, and i have Free Electricity what you recommend?
anyone outhere can help me? i know how to set up and everything about mining, pools, machines, easy, but any recommendation please help me

we have economic problems in my country,

Its better for you to keep away on genisis mining since their so many people now are shouting and claiming that they never reached and get proper roi for investing at them and if you are not still yet convinced with our words here well its better for you to do some little more reasearch about that company.

And since youve got a free electricity in your country well try to make way to set up your very own hardware maybe you can earn profit for that since you dont have any e-bills to pay and since you mentioned that yoy dont have by budget to buy some of those well, try to lend in some cooperatives near you maybe they can help you in financial aspects and try to barrow at them.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: LittleChange on August 25, 2016, 12:32:49 PM

Hi, i have free Electricity but by now i dont have enough money to invsest in a antminer so, i invest in Genesis Clouhd Mining

Here is a few questions.

1) How much The difficultity change?
1) i invest 25$ 4 m going to receive 34$ by month i think i wil get my roi

so?? i read some articles about the genesis, i will never get my roi back, so what you think?

and sorry for my bad english im from Venezuela, and i have Free Electricity what you recommend?
anyone outhere can help me? i know how to set up and everything about mining, pools, machines, easy, but any recommendation please help me

we have economic problems in my country,

getting ROI on genesis need 8 months and for your informations, i am mining with genesis too in one years ago and now i am get my ROI but unfortunately i only have small THS, its only 0.0535 and now it stop mining because genesis said that the profit is small than the fee so they decide to stop my mining unless i make new deposit to buy more THS.

if you mining bitcoin, then i think its high difficulty, i don't know how high until now. but for me, better mining with altcoins. you will get your ROI in at least 8 months after you make deposit and buying THS.

if you have money, then i suggest you buy real hardware to mining, i suggest you buy a2 terminator which have 28-30 MHS, or search other hardware, i heard that there are scrypt hardware that can run in 120 MHS but i am forgot what is the name. you can found on alibaba, aliexpress for cheap scrypt hardware with cheap shipping too.

GregH37

legendary

Activity: 1302

Merit: 1037

If you have free electricity then the best choice for you to do actual mining. but as you said you don't have enough money then I suggest to mine a good altcoin. you can use a POS(Proof Of Stake) altcoin and earn additional amount of coins.
because Altcoin mining is not so much costly you can easily setup that.

Edit; Cloudmining is not recommeneded at all.

Omegasun

hero member

Activity: 742

Merit: 500

Quote from: LittleChange on August 25, 2016, 12:32:49 PM

so?? i read some articles about the genesis, i will never get my roi back, so what you think?

and sorry for my bad english im from Venezuela, and i have Free Electricity what you recommend?
anyone outhere can help me? i know how to set up and everything about mining, pools, machines, easy, but any recommendation please help me

we have economic problems in my country,

you will get your ROI in due time. try to compute it for yourself. I read many articles about genesis mining. as of Genesis is the longest cloud mining running and still trsuted for now. Bur we can't guarantee that they will operate for more years because maintenance cost of their miners. I think if their miners is not profitable anymore, they will just runaway just like other cloud mining site. so always be attentive in investing. Cheesy

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: LittleChange on August 25, 2016, 12:32:49 PM

1) How much The difficultity change?
1) i invest 25$ 4 m going to receive 34$ by month i think i wil get my roi

about difficulty see this stat : http://nextdifficulty.com/
getting ROI from cloudmining will really took so damn long time because they will cut off your daily earning from mining with the maintenance fee and will leave you really low amount,so i think such a wasting time,although so many cloud mining out there just running a ponzi scheme,definitely not worth it

mobnepal

legendary

Activity: 1218

Merit: 1006

You better buy rather than mine bitcoin right now, and don't invest or buy any mining packages from cloud mining sites. Search about cldmine and hashocean scam story which took millions of $ from users in past and both of them were cloud mining sites. When you get enough money buy latest antminer and if electricity is free for you than all of those mined bitcoin will be free money for you.

sbtctalk

sr. member

Activity: 266

Merit: 250

G M? Don't bother. Do a search for Genesis Mining in this forums.

Buy Bitcoins directly from your local exchange, or through localbitcoins.com

LittleChange

newbie

Activity: 7

Merit: 0

Hi, i have free Electricity but by now i dont have enough money to invsest in a antminer so, i invest in Genesis Clouhd Mining

Here is a few questions.

1) How much The difficultity change?
1) i invest 25$ 4 m going to receive 34$ by month i think i wil get my roi

so?? i read some articles about the genesis, i will never get my roi back, so what you think?

and sorry for my bad english im from Venezuela, and i have Free Electricity what you recommend?
anyone outhere can help me? i know how to set up and everything about mining, pools, machines, easy, but any recommendation please help me

we have economic problems in my country,

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