Topic: Is genesis-mining.com good?! (Read 1621 times)
After reading this review of Genesis Mining http://www.viral-alert.com/genesis-mining-com-review/ I did some of my own research into cloud mining. It may take a little while to get a point of breaking even with the investment cost, but I feel it's going in the right direction. Obviously you need be educated about mining difficulty and block reward rather than just the price on the bitcoin against your currency, as there are several factors to consider including timing. No get rich quick scheme here, just another investment opportunity that you take with the same care and diligence as any other investment.
Yes.. I knew that cloud mining contracts not profitable at all...
Thanks for interesting...
Thanks for interesting...
Really? Do we still have to answer this again and again? They are legit, selling you hash, but after 2-3 months they shut down your miner as its not anymore profitable. Problem is you bought a lifetime contract, so you lost big money. So NO they are not good. They are trying to make profit from Ethereum but I am not knowledgable enough how they are doing but don't get your hopes high yet.
Really? Do we still have to answer this again and again? They are legit, selling you hash, but after 2-3 months they shut down your miner as its not anymore profitable. Problem is you bought a lifetime contract, so you lost big money. So NO they are not good. They are trying to make profit from Ethereum but I am not knowledgable enough how they are doing but don't get your hopes high yet.
Yes.. I decided to trade with crypto market instead of buying contracts on cloudmining websites...
As you said now ETH = $10.8 and Dash = $7.3
Thanks for interesting...
As you said now ETH = $10.8 and Dash = $7.3
Thanks for interesting...
Why risk your investment just to break even in ETH or X11 coins? Simply buy those coins now and wait for the price to go up to earn some profit. I can guaratee if you buy ETH or DASH now, both these coins will jump up at least once in these next 12 months for you to make some profit.
Buying Genesis is suicide I fail to understand how they still manage to find noobs to finance their shit products.
Buying Genesis is suicide I fail to understand how they still manage to find noobs to finance their shit products.
Right.. After researching the SHA-256 contract not good profitable at all...
Thanks for interesting...
Thanks for interesting...
My SHA-256 "life-long" contract, which I bought in November, only made a shocking ~15% revenue (-85% profit) before the income from that contract explosively decreased into nothing, due to difficulty rises. How SHIT is that....
Buying a SHA-256 contract from genesis-mining is basically suicide due to the high cost per hash, and your contract is mostly to live for only 2-4 months before it's not profitable and they cut you off.
Their X-11 and Eth contracts at least have a chance of breaking even, maybe make some decent profit. But whatever you do, don't buy the SHA-256 contracts; you may as well give away your bitcoins to a stranger.
Buying a SHA-256 contract from genesis-mining is basically suicide due to the high cost per hash, and your contract is mostly to live for only 2-4 months before it's not profitable and they cut you off.
Their X-11 and Eth contracts at least have a chance of breaking even, maybe make some decent profit. But whatever you do, don't buy the SHA-256 contracts; you may as well give away your bitcoins to a stranger.
You are right.. I read it...
Thanks for interesting...
Thanks for interesting...
I suggest to don't buy hash in genesis mining they don't pay for your mine.. Actually there's no trusted cloud mining now a days.
They are all scam and i think its better to stay away from them..
If you want to make profit with your bitcoin i suggest to try trading but you must study it first before you start trading.. You can make lots of profit if you great in prediction..
They are all scam and i think its better to stay away from them..
If you want to make profit with your bitcoin i suggest to try trading but you must study it first before you start trading.. You can make lots of profit if you great in prediction..
Yes.. I researched again and most of people didn't earn much because the difficulty increasing...
Thanks for interesting...
Thanks for interesting...
No, clound mining isn't profitable. You must wait a long time to earn your investiment back (if you will receive it...). Don't waste your money with it.
Hey,
I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...
I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...
No, it is not a good investment. It'll take you around 2-3 years to get your ROI back, not worth it.
Well if you buy hash there prepare for a big loss.
It's way better to donate your money to some charity before investing with them. They will take your money and will give your nothing in return.
It's way better to donate your money to some charity before investing with them. They will take your money and will give your nothing in return.
Yeah i've bought a contract there a year ago and it did not give me any profit whatsoever.
In fact they screwed me and many other scrypt clients over by cheating with elecricity prices.
Well if you buy hash there prepare for a big loss.
It's way better to donate your money to some charity before investing with them. They will take your money and will give your nothing in return.
It's way better to donate your money to some charity before investing with them. They will take your money and will give your nothing in return.
i agree that buying Genesis is suicide, simply because they made excuse about providing the legitimate evidence of mining hardware, and not the exit strategy. you know, if you go inside the ponzi, you won't be able to get back.
Genesis mining is most likely not ponzi however they are selling non profitable mining contract for sure. I wouldnt say it is not profittable because after many years you are definitely going to get your ROI under the term that they are not cutting off your contract by using lame excuses however waiting for years just to get ROI is definitely not a good investment
Genesis Mining is not a scam, they are legit company and actually provide cloud hash.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
Nice analogy there
A little addition to your post: My SHA-256 "life-long" contract, which I bought in November, only made a shocking ~15% revenue (-85% profit) before the income from that contract explosively decreased into nothing, due to difficulty rises. How SHIT is that....
Buying a SHA-256 contract from genesis-mining is basically suicide due to the high cost per hash, and your contract is mostly to live for only 2-4 months before it's not profitable and they cut you off.
Their X-11 and Eth contracts at least have a chance of breaking even, maybe make some decent profit. But whatever you do, don't buy the SHA-256 contracts; you may as well give away your bitcoins to a stranger.
Why risk your investment just to break even in ETH or X11 coins? Simply buy those coins now and wait for the price to go up to earn some profit. I can guaratee if you buy ETH or DASH now, both these coins will jump up at least once in these next 12 months for you to make some profit.
Buying Genesis is suicide I fail to understand how they still manage to find noobs to finance their shit products.
i agree that buying Genesis is suicide, simply because they made excuse about providing the legitimate evidence of mining hardware, and not the exit strategy. you know, if you go inside the ponzi, you won't be able to get back.
Genesis Mining is not a scam, they are legit company and actually provide cloud hash.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
Nice analogy there
A little addition to your post: My SHA-256 "life-long" contract, which I bought in November, only made a shocking ~15% revenue (-85% profit) before the income from that contract explosively decreased into nothing, due to difficulty rises. How SHIT is that....
Buying a SHA-256 contract from genesis-mining is basically suicide due to the high cost per hash, and your contract is mostly to live for only 2-4 months before it's not profitable and they cut you off.
Their X-11 and Eth contracts at least have a chance of breaking even, maybe make some decent profit. But whatever you do, don't buy the SHA-256 contracts; you may as well give away your bitcoins to a stranger.
Why risk your investment just to break even in ETH or X11 coins? Simply buy those coins now and wait for the price to go up to earn some profit. I can guaratee if you buy ETH or DASH now, both these coins will jump up at least once in these next 12 months for you to make some profit.
Buying Genesis is suicide I fail to understand how they still manage to find noobs to finance their shit products.
Genesis Mining is not a scam, they are legit company and actually provide cloud hash.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
Nice analogy there
A little addition to your post: My SHA-256 "life-long" contract, which I bought in November, only made a shocking ~15% revenue (-85% profit) before the income from that contract explosively decreased into nothing, due to difficulty rises. How SHIT is that....
Buying a SHA-256 contract from genesis-mining is basically suicide due to the high cost per hash, and your contract is mostly to live for only 2-4 months before it's not profitable and they cut you off.
Their X-11 and Eth contracts at least have a chance of breaking even, maybe make some decent profit. But whatever you do, don't buy the SHA-256 contracts; you may as well give away your bitcoins to a stranger.
Even genesis mining is not a scam of can't still make a profit i consider it as scam.. Why they offer it to investors if we can't make a profit?.
So it mean's All of this service are scheme they plan it first. before they held.. So another piece of scammers...
So it mean's All of this service are scheme they plan it first. before they held.. So another piece of scammers...
Genesis Mining is not a scam, they are legit company and actually provide cloud hash.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
I think it is very good because they have know leader and known places and registered company
I too want to invest in genesis mining. but have lack of funds. Thanks all your feedback i might just dont invest there.
Hey,
I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...
I suggest to don't buy hash in genesis mining they don't pay for your mine.. Actually there's no trusted cloud mining now a days. I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...
They are all scam and i think its better to stay away from them..
If you want to make profit with your bitcoin i suggest to try trading but you must study it first before you start trading.. You can make lots of profit if you great in prediction..
Whatever they are they are all a HYIP if they dont show up proof that they are mining.At the moment Hashnet is legit service provided by bitmain family.
Also founded out something for you.Please do read before investing :- http://www.cloudminingreviews.com/genesis-mining/
Read up the comments .All of them are common and stick to the point that they do pay but whatever they pay are not up to mark to get ROI in short time which will eventually make you feel like being scammed in middle of it.
Choice is yours.
Also founded out something for you.Please do read before investing :- http://www.cloudminingreviews.com/genesis-mining/
Read up the comments .All of them are common and stick to the point that they do pay but whatever they pay are not up to mark to get ROI in short time which will eventually make you feel like being scammed in middle of it.
Choice is yours.
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