Topic: Genesis-Mining Review - page 5. (Read 126928 times)

Wow! I am surprised. Instead of solely advising people to burn their hard earned cash on shitty cloud mining contracts, you did the right thing by recommending them to directly buy whatever coin.

Directly investing in any crypto coin has always turned out to be far more profitable than mining. On top of that, you'll be making decent profits in a relatively short time with crypto being extremely hot and volatile.

Wow! I am surprised. Instead of solely advising people to burn their hard earned cash on shitty cloud mining contracts, you did the right thing by recommending them to directly buy whatever coin.

Directly investing in any crypto coin has always turned out to be far more profitable than mining. On top of that, you'll be making decent profits in a relatively short time with crypto being extremely hot and volatile.

Also you can just buy coins and hold them. Ethereum seems to be cheap this week  

I have created account 2 days before in Genesis mining site. I am not aware of how cloud mining works good. It's asks me buy a hashpower to start mining bitcoin as well other altcoins. I can able to invest 0.04 btc on that. Will it be profitable to see the profit everyday?

poloniex stome all my mining from genesis 1.83 bitcoin, now im into trouble , have 21 months left to my contracts of 4040 mhz x11 , if anyone is interested i would let them go for 10 k usd , we would go through genesis for payment and transfer, send email to [email protected] if interested, write genesis as title please
thanks

Genesis Mining is legit and right now profitable.

Genesis Mining is legit and right now profitable. However be aware of the risks before you make any investment. Risks, Reviews and regularly calculations can be found at www.allcloudminers.com

You should actually do that so that you will not lose your money for unsure instance and since you are new here well i think its truly better that you will just read for the threads who you like the most whenever it is for investments,altcoins nor gambling so that you can familiarize all the flows of that areas but for now just erase the thoughs about the cloudmining scheme since i can really say that they are not worth to invest on.

I have not used genesis mining to do cloud mining. But I see a lot of reviews about the bad system in genesis.
Many of them do not benefit. I might think when I want to join in genesis. I do not want to spend my money in vain.

I don't really trust the cloud mining companies because of the high scam/ponzi rate, the low or no ROI, and the general approach of selling mining as a service. Unless the person has control over the miner and pool, it's not mining (in my opinion), your are investing in their infrastructure for a return. A lot of people who learn about bitcoin and then the fact you get get some as a reward for contributing to the network, is a strong attraction. An uninformed investor and his money are soon parted. With Bitcoin, the learning curve is a bit steep and mining just a little steeper, so newbies to cryptocurrency are ripe for the plucking and some companies take advantage of that through slick marketing and a failure to disclose real returns or lack thereof.  How many cloud mining companies put a ROI calculator next to the buy button?  Right now, there's nothing to force anyone to present a prospectus to a potential investment in cloud mining, so the ethics and responsibility to do so falls on the owner. 


Thanks, I've been mining for a few years in all different cryptos and have been lucky to get involved with a great community here. I've been in IT for 20 years and worked for NASA at one point, so I tend to leverage my background and experience where I can. My investments in crypto have been profitable and I like to pass that along to others here when and where I can. I've only fallen victim to one scam for 2BTC about a year ago and it was because I didn't do enough due diligence, after that I managed to escape all the others so far including Mt. Gox. So, I try to use any experience I have to educate people on either mining or bitcoin in general.

Overall, good luck with your business venture.

You're right, it would be more profitable in that case just to buy Ether and just sit on it.