Cloud mining = virtual mining /fake bitcoin mining for most of the time
Genesis mining shows real mining device and mining farms in some of their videos and pictures however i really doubt that they may be selling more than their real mining device power.
Topic: Should i Trust Genesis Mining - page 4. (Read 2650 times)
I think yes. Genesis mining evidently has the mining system in Iceland. You can find this information on the internet as well as some trust bitcoin-related news. However, nowadays, cloud mining is not as profitable as it used to, you need at lease 6 to 10 months to return your capital. So please considered about investing in cloud mining
cloud mining is ponzi scheme never been profitable at all.I seen all of the site come with nice offer and after couple of days or month they just ran away with investors money.my recommendation don't invest on cloud mining site there have must possibility to lose your all investment.
Changing price of mining package several times within a year or month is shady part they have, they keep selling packages at quite higher rate on starting days and lower price over time so the one who will invest on first will always struggle to get back their invested amount. If they don't run away just like hashocean, to get your investment amount may require more than a year period. Trusting cloud mining is out of option for me.
NO, NO and NO. There s no single individual who made money with them. You just pay them to expand their own farms. BS cloud mining. Better try some other company.
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
Yes. Everybody is awared about this truth now. I hope investors stop sending their money to genesis mining and another sites of the same kind.
To OP, I say: You shouldn't trust genesis mining, because cloud minings sites aren't profitable for investors, just for the owner who is getting all your money. Cloud mining consists of empty promises.
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
No you shouldn't, as you also shouldn't trust in every other cloudmining businesses out there.
They don't mine shit. They make money as long as you find new customers for their ponzi. If their mining business were making profits, why would they share it with you? Ask yourself this, would you do it?
They don't mine shit. They make money as long as you find new customers for their ponzi. If their mining business were making profits, why would they share it with you? Ask yourself this, would you do 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
Well... actually depend on your decission to make investing or not, in my opinion if you want make investing on genesis mining make sure you be ready for lost them and wait until you get return of investment, because there are people who make guarantee genesis mining will be survive forever, remember mostly of cloud mining service were ending with scam. 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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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
better you asked yourself. my advice is if you are really curious about cloud mining, then you can trying genesis because genesis is one of the oldest cloud mining that still online and i think you don't have to mining bitcoin because its really hard to mining, better you mining with other algorithm like x11, scrypt, equihash and i think you can get profit with that. but fyi, its need times to get ROI like almost 8 month until 1 years from your first deposit and its depend on how much you buy the hashrate.
They are not profitable right now and to many bad feedbacks posted on this furom, and surely you cannot take to get some problems if you will choose to invest at them, that site is no longer given such decent roi to their investor thats why its better to find another alternative profit earner since genisis mining is totally a shaddy business for now. Just try to dig some past pages on this section you can actually see thos bad feedbacks against them.
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
)
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.
there is another point that should be raised.
imagine you did find a legit cloudmining business. (requires alot of imagination
)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.
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
There has been several scam accusations against them over the years but I think It's nothing confirmed. Whether Its true or not , cloud mining is not longer profitable so It's not recommended to invest anymore.
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
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