Topic: i want invest money in cloud mining (Read 1977 times)
someone here has already been summed up before -- all cloud mining are scams.
You should only opt for mining if you are fully aware of the technologies involved of both mining and the cloud technology. If you are not smart enough with both, there is chance you will fall in trap of the cloud mining scams.
And most of them will turn into scam proposal in the time coming. The reason, cloud miners are themselves unprofitable after sometime as the difficulty of network increases and there has rates drops or is not sufficient to cop up with the network nodes. Better not to invest into such stuff which risky and is said hundred times by everyone here. :-/
Thats big stake to put on genesis. It is profitable currently with one year of ROI rates. But who knows what will happen with genesis in one year of time bro. You can try something else, may be put the money into your own ICO development with the help of other sponsors and get shares of the company. Just saying!
I think that is a good idea of developing an ICO and because you have received support from the sponsors. But I don't see it will stay strong as it is for the coming years due to the situation of the bitcoin economy which sometimes an unpredicatable currency. Although you saying it's profitable, but let's just accept the fact that mining is not that progressive compared from recent years past, due to it's impact to the electric consumption and how efficient it is to mine bitcoin with regards to the supply.
Thats big stake to put on genesis. It is profitable currently with one year of ROI rates. But who knows what will happen with genesis in one year of time bro. You can try something else, may be put the money into your own ICO development with the help of other sponsors and get shares of the company. Just saying!
Of course with large-scale mining will also gain greater profits, and in my opinion mining does not have the risk of losses such as trading.However for now china is largest mining possible in the next few years of course bitcoin miners will increase in various countries along with Bitcoin development of course.
This is a better method than cloud mining =D
[im g]https://i.imgur.com/kKom3df.png[/img]
Mining is not liked by many people, they think it is a trap and very easy way to lose your money. But there are hundreds of bitcoin miners who are making money day by day. Normally to get profits it is good to do bitcoin mining on big scales. Small scale mining systems are not appreciated that much because they more power compared to the profits they provide. So to start on a large scale would be a great idea to get handful of money out of you bitcoin mining. [im g]https://i.imgur.com/kKom3df.png[/img]
This is a better method than cloud mining =D
BTC will soak up the world's debt like a sponge. Governments will need it when their fiat ponzi turns on them. Alt-coins will be useful if they remain numerous, and too many to keep track of.
ok thnx :
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I would suggest that be cautious investing in any cloud mining because majorly many are the ponzi schemes where they will initially give you returns but after sometime the excuses will start and at the need will shutdown taking you money . So instead invest in btc or other altcoins if you feel which will have a good future so that atleast your money will be safe than investing in such ponzi schemes.
Why would you risk such a big amount, cloud mining has a bad reputation you should find better ways to invest maybe in shares I think it would be better.
im targeting genesis mining, what do you advice me ?
i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
Do not invest into any cloud service. Today, you can't really get ROI with cloud mining. You could get it a few years back as I did with cex.io, but with the todays difficulty, I'd suggest you not to invest that money in cloud mining.
You'd probably have a better luck and profit with investing into some dice website prize pool.
Exactly! Dice MIGHT pay out something, minings are all scams if they promise returns, the honest miners already claim you will not recover your returns at low level entries.
You are better off using that money to build your own mining rig to mine alto coins. You will make your ROI if you mine smart.
im targeting genesis mining, what do you advice me ?
i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
Do not invest into any cloud service. Today, you can't really get ROI with cloud mining. You could get it a few years back as I did with cex.io, but with the todays difficulty, I'd suggest you not to invest that money in cloud mining.
You'd probably have a better luck and profit with investing into some dice website prize pool.
Thread started two years ago and still active : Scam Alert : Do Not Invest In Genesis Mining https://bitcointalk.org/index.php?topic=1185909.460
I wouldn`t recommend cloud mining to anyone, reaching ROI is very hard and where is the profit? All that waiting is not a problem, but we all know that cloud mining services can disappear in any moment. With so many good altcoins there, and price rise I would put my money in some of them not in cloud mining, or some casino bankroll, everything is better then cloud.
But in the end you are the king of your money, so invest them in what ever you wish.
I wouldn`t recommend cloud mining to anyone, reaching ROI is very hard and where is the profit? All that waiting is not a problem, but we all know that cloud mining services can disappear in any moment. With so many good altcoins there, and price rise I would put my money in some of them not in cloud mining, or some casino bankroll, everything is better then cloud.
But in the end you are the king of your money, so invest them in what ever you wish.
DO NOT INVEST IN CLOUDMINING ... definitely not worth it.
If you still want to cloudmine then your only options are Hashnest, Bixin or BW.
But be aware you can't profit just on the mining itself. You have to be active trader (buy/sell GHs all the time). Mining revenues are only kind of bonus.
If you still want to cloudmine then your only options are Hashnest, Bixin or BW.
But be aware you can't profit just on the mining itself. You have to be active trader (buy/sell GHs all the time). Mining revenues are only kind of bonus.
True. It's exactly just like buying stocks. You buy Gh/s and you get mining revenues like dividends, but the real profit comes from trading, and not from holding these GHs.
im targeting genesis mining, what do you advice me ?
i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
Why don't you just invest it in bitcoin instead of investing to a certain cloud mining services you have a huge amount money and it will be just like a bubble once you have been scammed and although genesis mining has operated since 2013 you can't be sure still if it can be profitable . It's still your choice anyway if you really want to put your money on genesis mining or the others but before dealing with you should the risks and what you could possibly lost .
im targeting genesis mining, what do you advice me ?
i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
If you have 3000USD of money then buying hardware mining rig is the right choice. You can mine etherum coin and earn money around 500USD within a month. By buying 6 pieces of VGA RX470. You can earn more profit. Investing in cloud mining like genesis is easy, you will not be bothered with various settings, but you will get pressure because we do not know how long cloud mining will survive. Buying hardware mining rig will give you greater comfort, security and profit. Besides that you will gain more knowledge as you design your own mining system.i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
That actually not profitable if you want to gain a good profit investing and buying your own miner can gives you a chance to gain profit depends if you are paying low electricity cost or there are some alternative power source which solar panel its not costly too much and i think it can help to gain more profit..
If you really want to invest in cloudmining then try to invest that is okey for you to loose I mean the amount that is nothing for you when gone.
Investing in cloudmining is like you are trying to put your money at risk of course which is nothing for you.
If I were you I will study about trading different types of coins then learn and apply, that's safe because you manage your own stocks and anytime you can deposit and withdraw it. For me trading is the best that is if you have learned its strategy. Good luck!
Investing in cloudmining is like you are trying to put your money at risk of course which is nothing for you.
If I were you I will study about trading different types of coins then learn and apply, that's safe because you manage your own stocks and anytime you can deposit and withdraw it. For me trading is the best that is if you have learned its strategy. Good luck!
im targeting genesis mining, what do you advice me ?
i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
If you have 3000USD of money then buying hardware mining rig is the right choice. You can mine etherum coin and earn money around 500USD within a month. By buying 6 pieces of VGA RX470. You can earn more profit. Investing in cloud mining like genesis is easy, you will not be bothered with various settings, but you will get pressure because we do not know how long cloud mining will survive. Buying hardware mining rig will give you greater comfort, security and profit. Besides that you will gain more knowledge as you design your own mining system. i think invest 3000$ in genesis mining, is big risk?
i know, that there is trading system and maybe i will lost my 3000$ ;
what is risk ? and what can you advice me ?
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