Is Investing in Cloud Mining Still Profitable ?? - page 4.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitcoin_BOy$ on December 31, 2016, 10:17:16 AM

I just want to know my Monthly payment and Have no interest of how much I'm paying at start because its a lifetime contract

You can use this calculator that will give you an estimate of your earnings per day.

http://www.genesisminingpromocode.com/genesis-mining-calculator/

Quote from: Pursuer on January 01, 2017, 03:07:38 AM

that 1% else which at least seem to be legit, are either turning into a scam when they decide to run away some day and leave you without your money or they are giving you a very small amount in return for your investment that makes the investment a waste of time where you are getting paid small and paying big amounts for maintenance,.....

We are talking about a lifetime contract, obviously that after a certain period of time you will have a profit and that profit will be while the miner exists. Have you seen the returns that banks offer each year? If you saw, make a comparison and draw your own conclusions.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

cloud mining has never been a good investment and this has not yet changed.
99% of the sites that are offering cloudmining service are scams that are running a fake operation called a Ponzi scheme. and you will end up losing all your money if you invest in them.

that 1% else which at least seem to be legit, are either turning into a scam when they decide to run away some day and leave you without your money or they are giving you a very small amount in return for your investment that makes the investment a waste of time where you are getting paid small and paying big amounts for maintenance,.....

olubams

hero member

Activity: 798

Merit: 503

To me personally, I will not take my time to find out whether its still profitable or not I have made up my mind not to invest anything in cloud mining in the sense that the ones that will pay, you will take forever to ROI, other that are springing up always have one thing in common which is to Scam... My opinion though...

shinratensei_

legendary

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Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitcoin_BOy$ on December 31, 2016, 10:01:11 AM

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?

Regards,

Bitcoin Boy.

At least you "MUST" read this, the honest review by the merkle.

http://themerkle.com/genesis-mining-review/

That already tells a lot for us. You can underline the conclusion has made by him at the contract correction. It doesn't matter legit or not, but the shady contract has made it looks like silly site.

Xanidas

hero member

Activity: 686

Merit: 500

Quote from: Bitcoin_BOy$ on December 31, 2016, 10:17:16 AM

I just want to know my Monthly payment and Have no interest of how much I'm paying at start because its a lifetime contract

I doubt about the lifetime contract, most cloudmining that have good name and kinda trusted such as genesis mining will only run your power if the maintenance and electricity cost are still lower than how much share you can get and will stop eventually because of the rising difficulty

pinkflower

sr. member

Activity: 868

Merit: 259

To answer the question in your title, NO. Stay away from any BTC cloud mining site. They are operating like a ponzi scheme. They need your money to pay off their existing customers. It is a known fact that BTC mining are a slightly losing or break even venture. Maybe only a small portion of the whole BTC mining industry is make a little profit.

Bitcoin_BOy$

hero member

Activity: 854

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|| Web developer ||

I just want to know my Monthly payment and Have no interest of how much I'm paying at start because its a lifetime contract

UGMZ

newbie

Activity: 14

Merit: 0

https://alloscomp.com/bitcoin/calculator
http://www.bitcoinx.com/profit/

I doubt you will make much profit. What price are you paying for the 15TH? That might help do some calculations.

Bitcoin_BOy$

hero member

Activity: 854

Merit: 503

|| Web developer ||

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?

Regards,

Bitcoin Boy.

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