Topic: Should i Trust Genesis Mining - page 2. (Read 2589 times)
I suggest you order your own hardware miner - an antminer S9 and ship it to a reputable hosting place. In that case, you will own the hardware instead of some abstract cloudmining contracts which often fizzle away like contracts.
I suggest to purchase the etherium package has a 1 year contract, my experience has not been to 8 months turnover, but for an sha256 need more than 1 year are not yet behind the RoI.
as much as I've researched on legit mining services, genesis mining is the legit one as hashnest I believe. IMO you're safe to invest into genesis.
I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
I would not trust them with a substantial investment but maybe small ones. I think they will be ready to run soon as some people habe not been paid and after enough complaints when they realize people habe had enough then they will run.
Hashnest does not sell hosted S9 mining yet only the less profitable S7. If you are looking for lower fees than Genesis Mining see BW.com charges $0.26 per TH per day for B16 mining contracts and ViaBTC only charges $0.16.
A pool I am using is paying out 0.00090755 Per TH/s a day or $0.66. Genesis Mining is not transparent at all and makes it hard to find out what their fees are, but a close look at the contract reveals the daily fees for bitcoin are $0.35 per TH/s. That means over half the daily mining income is eaten up by the high fees Genesis Mining charges. When you buy hashpower at Genesis Mining you can not sell it and are just putting money in the corporate till. You paid for their miners and power supplies but are getting less than half of the mining payouts. You are subsidizing their mining operation so it is a win win for Genesis Mining. They have the gall to claim their customers are getting a good deal.
Some people were saying GenesisMining was legit and totally wrong. In my early guesses, he tries for snatching our money through the "Scam fees". According to from your sentences, I had realized if totally buy his Hashpower was very unprofitable. I had said if they use the smooth cloak.
I saw on another thread, they "eat" more than half profit investors make as tax. Reading the investors opinion, that is the worse cloud mining site investment. I don't see any reason for people invest there. There are more two options of cloud minings: HashNest and HaoBTC, these two sites looks better than Genesis Mining, but I don't think they worth anyway. Better to don't invest.
A pool I am using is paying out 0.00090755 Per TH/s a day or $0.66. Genesis Mining is not transparent at all and makes it hard to find out what their fees are, but a close look at the contract reveals the daily fees for bitcoin are $0.35 per TH/s. That means over half the daily mining income is eaten up by the high fees Genesis Mining charges. When you buy hashpower at Genesis Mining you can not sell it and are just putting money in the corporate till. You paid for their miners and power supplies but are getting less than half of the mining payouts. You are subsidizing their mining operation so it is a win win for Genesis Mining. They have the gall to claim their customers are getting a good deal.
Some people were saying GenesisMining was legit and totally wrong. In my early guesses, he tries for snatching our money through the "Scam fees". According to from your sentences, I had realized if totally buy his Hashpower was very unprofitable. I had said if they use the smooth cloak.
A pool I am using is paying out 0.00090755 Per TH/s a day or $0.66. Genesis Mining is not transparent at all and makes it hard to find out what their fees are, but a close look at the contract reveals the daily fees for bitcoin are $0.35 per TH/s. That means over half the daily mining income is eaten up by the high fees Genesis Mining charges. When you buy hashpower at Genesis Mining you can not sell it and are just putting money in the corporate till. You paid for their miners and power supplies but are getting less than half of the mining payouts. You are subsidizing their mining operation so it is a win win for Genesis Mining. They have the gall to claim their customers are getting a good deal.
Interesting, it's not easy to see this information on the official website. Under these conditions, the investor does not have great chances, if the mining difficulty increases too much in the long run.I checked the genesis mining thread, here on bitcointalk, and I have not seen many happy miners. On the contrary, there is a lot of people complaining about zcash cloudmining contracts.
A pool I am using is paying out 0.00090755 Per TH/s a day or $0.66. Genesis Mining is not transparent at all and makes it hard to find out what their fees are, but a close look at the contract reveals the daily fees for bitcoin are $0.35 per TH/s. That means over half the daily mining income is eaten up by the high fees Genesis Mining charges. When you buy hashpower at Genesis Mining you can not sell it and are just putting money in the corporate till. You paid for their miners and power supplies but are getting less than half of the mining payouts. You are subsidizing their mining operation so it is a win win for Genesis Mining. They have the gall to claim their customers are getting a good deal.
Do not trust any investment programs on the internet because there are full of scammers there. You have to be very wise when you decide to join some Cloud mining project or some kind of HYIP. All of them are trying to steal people money as much as they can and then they will run away without any notice. If you want to make a real investment, buy some hardware, learn about computer and start to make your own mining system at home. Even that Genesis-mining has run over a year, who can ensure for you that they won't turn into a scam ?
I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
This issue has been discussed many times in this section, Genesis mining is one of few companies which are still working after the halving, but it is not profitable any more, in my opinion, holding your bitcoin or investing in legit ICO are better than investing in any cloud mining service.and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
It is becoming the wrong common thing for all.
Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.
Genesis Mining s 100% legit, no doubt about that, however, there s another issue there, PROFITABILITY. I have been unable to find a single person who has reached ROI with them. In other words, NOBODY MAKES MONEY WITH GENSIS MINING. Do I need to add anything to that?
I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
well it's up to you if you are going to trust them or not maybe after asking some opinion from people here in forum you should ask yourself as well because they are not the one who will make a decision , if you really want to know the answer you can try genesis-mining by yourself but if ever you have doubt better to change the your plan because as all of people always saying here you should not trust any kind of investment online like cloud mining .
I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
This issue has been discussed many times in this section, Genesis mining is one of few companies which are still working after the halving, but it is not profitable any more, in my opinion, holding your bitcoin or investing in legit ICO are better than investing in any cloud mining service.and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
It is becoming the wrong common thing for all.
Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.
Genesis Mining s 100% legit, no doubt about that, however, there s another issue there, PROFITABILITY. I have been unable to find a single person who has reached ROI with them. In other words, NOBODY MAKES MONEY WITH GENSIS MINING. Do I need to add anything to that?
I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
This issue has been discussed many times in this section, Genesis mining is one of few companies which are still working after the halving, but it is not profitable any more, in my opinion, holding your bitcoin or investing in legit ICO are better than investing in any cloud mining service.and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
It is becoming the wrong common thing for all.
Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.
I am thinking about joining genesis mining and buy some of their contracts
This is not the right time to join cloud mining as the bitcoin prices are still not meeting the mining costs to get you considerably quick profits. If you are ready to wait for almost 1 year to get back your investment, you may go for buying mining contracts with them. Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.
Honestly, You can make more simple your essay. I may think if using the online investment place can become the easiest way for reaching some money. And it's same like the other people think. And this is wrong. 
No you shouldn't trust any cloud mining, no matter how famous and how many profit the site had paid, most of the time the owner is going to run away with your money, you better invest it into another investment, cloud mining ROI is quite long and the risk is too big so stay away from it
I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
Do not try to invest money on that site. In investing online, 90% are scam. Maybe they would pay you at first, sooner they would not.and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
I almost paid for a zcash mining contract, before the launch. Luckily, I did not invest, and according to some reports, it was the right thing to do.
I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
I think Genesis mining is legit. Its still operating until now. But if i were you, im not going to invest my btc on a cloud mining because it takes a lot of time to take back the btc you invested on that site. Theres also a possibility that you finished the contract without any profit. Many investors have bad experience with Genesis some of them doesnt get any profit and even take back their half of investments. and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
No, you don't have to trust this kind of sites. This sites are totally scam, there are lot of people here complains about this sites. And why do people expect that they eill earn more by doing nothing in this sites? Investing what? You're just wasting your money there. Much better if you stay away with this kind of sites. and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
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