i want invest money in cloud mining - page 3.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: sfgdsgdfgh on June 27, 2017, 04:50:31 AM

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 ? Lips sealed

A lot of newbie ranks are coming out asking and telling, "I want to invest in cloud mining", "Is cloud mining safe?" Well think about it, many says that genesis mining is one of the "legit" cloud mining. But I say, just don't invest to any cloud mining type of investment and you have a good amount to invest. Why not try to explore and invest in real mining with alt coins? Buy your own rig.

sweetdesirez

sr. member

Activity: 308

Merit: 250

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.

sfgdsgdfgh

member

Activity: 156

Merit: 10

ok thnx :

darthmaul

sr. member

Activity: 714

Merit: 252

The $ 3000 is a lot for cloud mining in one shot. Also genesis mining I'm not pretty sure because I have not used it so far. I will tell you my experience with hash flare which is also good cloud mining company and it is paying me currently. I have invested around $500 in it but that too in the dividend, meaning I invested in 3-4 parts after buying the hashing rates. When I received my first payment I got confident with the site so invested my rest amounts in 2 more parts and that way I hold hashing rate worth $ 500. This is giving me around 4.2 TH/s of speed with which I am able to earn $3-$5 per day with different mining pools. This is not much but something is better than nothing. More important is that has flare is being genuine at this point.

Red-Apple

hero member

Activity: 1470

Merit: 655

when it comes to cloud mining the first thing that should concern you is their legitimacy, and for that you should check to see if they really have any mining equipment or is it a hoax.

the second thing which people always forget is the ROI. when you invest in a cloud mining they are the ones making profit not you. with all the fees they take for many different reasons and the percentages you will have a hard time reaching the ROI and all this time your money will be tied up.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: sfgdsgdfgh on June 27, 2017, 04:50:31 AM

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 ? Lips sealed

The choices are all your but don't select btc to mine if you want to invest at them, And 3000$ is quitely huge amount and i think its very best for that money to invest on your own hardwares so that you could feel and secured your profits by doing that. And by doing an hardware mining you may update it if the your hardware hold is been outdated unlike upon investing on cloudmining site where you can earn for the share you buy untill the end of contract.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: sfgdsgdfgh on June 27, 2017, 04:50:31 AM

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 ? Lips sealed

Genesis mining has many mining options like btc, ethereum and etc (they are out of stock currently). It's not risky because you already know you are loosing money if you invest, risk is when there are 50% chanses of win or lose (profit or no profit). So don't invest or choose for example hashnest because you can sel hashrates anytime. Just hold like others do or trade or buy antminers yourself, you don't have better choise.

BitHodler

legendary

Activity: 1526

Merit: 1179

I am telling you, avoid genesis mining, and cloud mining in general. Genesis mining is nothing more than a scheme that swallows all your money. Just do some effort, and start browsing the web.

If we look at legitimate services that offer cloud mining, and with this I basically mean that they have actual gear running, even they are simply not worth putting any money in.

The problem is that every share/contract you'll purchase, will at some point get terminated due to it not being profitable anymore. And let this in 95% of the cases be well before you even get your initial investment back.

If you want to proceed with capital destruction, then go ahead and "invest" in cloud mining. You'll be doing far better if you just invest those 3000 bucks directly into Bitcoin.

sfgdsgdfgh

member

Activity: 156

Merit: 10

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 ? Lips sealed

Topic: i want invest money in cloud mining - page 3. (Read 2009 times)