Should i Trust Genesis Mining - page 3.

ultrloa

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Quote from: JeffBrad12 on November 13, 2016, 08:38:54 PM

Quote from: jack1111 on November 12, 2016, 09:47:06 AM

Quote from: Bakerxab on November 12, 2016, 05:13:26 AM

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.

The people realize if they have joined in the cloud mining site and they have made some money with just sitting on his chairs.
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.

Rooster101

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You better invest your money in other profitable but trusted sites if you want faster investment returns. Genesis mining take your money and give you back part of it which is not profitable for you even in the long term.

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Quote from: jack1111 on November 12, 2016, 09:47:06 AM

Quote from: Bakerxab on November 12, 2016, 05:13:26 AM

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.

The people realize if they have joined in the cloud mining site and they have made some money with just sitting on his chairs.
It is becoming the wrong common thing for all.

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Quote from: raven7886 on November 13, 2016, 07:04:57 AM

Quote from: Bakerxab on November 12, 2016, 05:13:26 AM

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.

Quote from: Bakerxab on November 12, 2016, 05:13:26 AM

if i can trust them with my money or not

Genesis mining is a trusted could mining services still investing with them is not recommended by this time as it will not be profitable.

Feedback among them is really needed to look up for by people so they will not fall for the false hope of high earnings on genisis minings, that services should not really worth it to go true mining business is totally wreck at this time so thats why its truly in believable how they survive not unless there still yet many investors throwing some money on them or yet they found better alts to became alternative of their struggling business.

Mark02

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Quote from: serjent05 on November 13, 2016, 12:23:41 PM

I think the question should not be if you can trust or not Genesis Mining, your question should be whether invesing in Genesis Mining profitable. The fact that cloudmining investment had been not profitable for sometime now should at least give you a hint on not investing in a Cloudmining services because it is more possible that you will never get your ROI.

Yeah right. The ROI in genesis mining can be bought back to you in a year. Damn! How's that? Your capital is stuck at one year and nothing came to you. I was fool when I invested 0.1 BTC in that cloudmining and now I am regretting it. Well, I am just hoping they can return as much as they can in my capital and I am not hoping for a profit because of the small amount they are giving back each day and I just hope their site last for one more year. Just to cope my investment to them.

Again, just beware of investing in a cloud mining sites. Why not try investing in a Bitcoin Casino ? I think that was better than cloud mining.

chixka000

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Cloud mining platform realease took some new investors. They provide such a good promises, But if you obviously going to try it then you would surely see the result but after doing that you should also think that you have been warned

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I think the question should not be if you can trust or not Genesis Mining, your question should be whether invesing in Genesis Mining profitable. The fact that cloudmining investment had been not profitable for sometime now should at least give you a hint on not investing in a Cloudmining services because it is more possible that you will never get your ROI.

RussiaIsBest

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It is not profitable anymore i think I was in hashocean business and I was withdrawaled about 0.05 btc but invested only 0.01 btc and I am really happy that I didnt invest more money in that scam site.

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Quote from: Bakerxab on November 12, 2016, 02:18:02 PM

then where do you recommend me to invest?
except for trading and casinos, i don't think that there are any ways to invest in bitcoin
i am a beginner btw so if you have any tips then please... TEACH ME MASTER

I don't know any other investiment too. And nobody here told you a good one...
I'm always looking for oportunities of good investiment, but it's hard to find, too many scammers. If I would be able to find at least a investiment offering 10% monthly I would be satisfied. But it looks impossible.

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Quote from: Bakerxab on November 12, 2016, 05:13:26 AM

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 it should be your decision whether you want to earn with risk .
because in my opinion no one is trusted after hashocean but still some better mining plans are available , so you need to take decision through your own efford of risk .

raven7886

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Quote from: Bakerxab on November 12, 2016, 05:13:26 AM

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.

Quote from: Bakerxab on November 12, 2016, 05:13:26 AM

if i can trust them with my money or not

Genesis mining is a trusted could mining services still investing with them is not recommended by this time as it will not be profitable.

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Quote from: Bakerxab on November 12, 2016, 02:18:02 PM

then where do you recommend me to invest?
except for trading and casinos, i don't think that there are any ways to invest in bitcoin
i am a beginner btw so if you have any tips then please... TEACH ME MASTER

You just leaned that investing in cloud mining is not good option. I was like you in the past, I thought that cloud mining is amazing and it was created to help everyone earn money.
I was wrong as some companies I was fond of turned out to be lying about their projects, since that time I never trusted any service again.

And it was before halving. Today's reality is even harsher for mining BTC. There are altcoin projects where mining 'might' be still profitable like Zcash but personally I wouldn't touch it.

eckmar

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I don't even know why would anyone want to use genesis services. You will ROI basically NEVER as difficulty increases constantly . All their plans are based on per year stuff. It's better to invest in your own mining equipment

arransiv

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Quote from: Bakerxab on November 12, 2016, 05:13:26 AM

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

Even legit cloudmining isn't profitable anymore, just invest your money in others services, if you don't find anything trustful and good today, wait until tomorrow, there's a lot of altcoins where you can have a good profit(with a low risk), just have to read a little bit about.

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Quote from: Bakerxab on November 12, 2016, 02:18:02 PM

Quote from: franky1 on November 12, 2016, 05:37:30 AM

meandering away from the logical answer of cloudmining is very shady.
there is another point that should be raised.

imagine you did find a legit cloudmining business. (requires alot of imagination Cheesy

)

mining bitcoin
based on the last 6 months some maths has been done
based on a 13thash asic over 6 months, it returned 0.47btc mined over 6 months
converting it to fiat, thats about $340 for 6 months mining bitcoin

so easy maths. 0.47btc / 13thash = 0.03615385 per Thash return after 6 months ($26/Thash)
as for the next 6 months. unless you are getting a contracts for far less than $26/Thash dont expect to break even in 6 months

altcoin mining
however if you are altcoin mining.. well throw a dart at any number and treat that as expected returns.(meaning no guarantees/no predictions).

though cloudmining alone is very shady, even if you found a legit company.. the returns wont be as expected
your better off just buying bitcoin and holding.

then where do you recommend me to invest?
except for trading and casinos, i don't think that there are any ways to invest in bitcoin
i am a beginner btw so if you have any tips then please... TEACH ME MASTER

Hah, if making money in crypto would be that easy, we d all be next Donal Trump.

Nobody here s going to give you free of charge advice to the ways of making money. Cause if we do, we re just creating direct competition and potentially causing saturation of our investments. Good luck bud.

ivanst776

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Quote from: Bakerxab on November 12, 2016, 02:18:02 PM

snip
then where do you recommend me to invest?
except for trading and casinos, i don't think that there are any ways to invest in bitcoin
i am a beginner btw so if you have any tips then please... TEACH ME MASTER

I'm not sure who suggested you to invest in casino but he/they don't want to see you succeed because investing in these places is very shady.

I don't prefer to invest in casino or gambling or betting website because these are mostly based on luck and mostly the bosses of these get rich not you.

I would prefer you to not use any cloud mining because it is not profitable or the ROI takes ages which I think doesn't worth, so try maybe trading bitcoin or altcoins.

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Quote from: oxygen88 on November 12, 2016, 12:44:37 PM

I don't think you should put in a lot of your money into cloud mining site, most of the cloud mining sites are scam nowadays.

They are considered a trusted cloud mining company. Already provided evidences they are really mining BTCs. But you shouldn't invest on this company, because the profit is low or inexistent.

The lifetime contracts don't work. You won't receive income for the rest of your life from this. I heared all cloud mining "legit" sites stopped working after halving, only Genesis Mining continued, but I don't know for how long... People are complaining a lot about this kind of deal.

Bakerxab

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Quote from: franky1 on November 12, 2016, 05:37:30 AM

meandering away from the logical answer of cloudmining is very shady.
there is another point that should be raised.

imagine you did find a legit cloudmining business. (requires alot of imagination Cheesy

)

mining bitcoin
based on the last 6 months some maths has been done
based on a 13thash asic over 6 months, it returned 0.47btc mined over 6 months
converting it to fiat, thats about $340 for 6 months mining bitcoin

so easy maths. 0.47btc / 13thash = 0.03615385 per Thash return after 6 months ($26/Thash)
as for the next 6 months. unless you are getting a contracts for far less than $26/Thash dont expect to break even in 6 months

altcoin mining
however if you are altcoin mining.. well throw a dart at any number and treat that as expected returns.(meaning no guarantees/no predictions).

though cloudmining alone is very shady, even if you found a legit company.. the returns wont be as expected
your better off just buying bitcoin and holding.

then where do you recommend me to invest?
except for trading and casinos, i don't think that there are any ways to invest in bitcoin
i am a beginner btw so if you have any tips then please... TEACH ME MASTER

oxygen88

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I don't think you should put in a lot of your money into cloud mining site, most of the cloud mining sites are scam nowadays.

ged00u

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No, you should not. Every cloud mining can turn into a scammer in a blink of an eye no matter how long they have been running and how trustful they are. Stay away from them or you will lose your money. If you have capital, you should learn how to manage your own mining system. It is more profitable and more trustful

Topic: Should i Trust Genesis Mining - page 3. (Read 2650 times)