I think, for now, genesis mining is only making a deal for mining with x11 which is monero but you can use it to mining bitcoin and as far as I know, the contract is 2 years only.
Can you even mine Monero with X11? You don't want to get stuck mining Monero - you wont make anywhere near ROI, even if it were a lifetime contract with no maintenance. 
Topic: What if i buy $30 worth of hash power from genesis-mining? What will be return? (Read 4470 times)
December 27, 2017, 01:54:03 AM
December 27, 2017, 12:36:53 AM
for your info, your ROI will be at 6-8 month after you start to buy but its could be more than 8 month. before halving, i am trying to mining with genesis and i get my ROI in almost 10 month because i only have small hashrate so now i think i will think twice to buy hashrate but if the price is really down, maybe i will buy it directly. but for now, i don't know how long to get ROI if you are mining btc, my suggestion is better you mining beside bitcoin.
Your right and that long months of waiting to get the roi is not very worth to wait since we can find better oppurtunities rather than putting some money on this company, and GENISIS-MINING are yet on bit struggling situation so i don't really like to tell people to invest at them since they can be turn bad anytime if they want, and also cloudmining businesses is on the end era since the profit you can actually get from it is so low and cannot feed your needs.
yes, and if I have that $30, I will use it for trading and I will learn many lessons so I can make a profit. I think $30 it is enough to start trading and I think I can earn double from that money. besides that, if we really want to start mining, it is better to buy a hardware and we can start mining at our home. so I think he needs to think twice before he decides to invest his money in the cloud mining and I hope that he can find the right answer.
December 26, 2017, 11:27:21 PM
What if i buy $30 worth of hash power from genesis-mining? how much i wil be earning (average/monthly) ...
i know that it depends on price of bitcoin but what would be the smallest or largest estimation (atleast this year)?
your help is greatly appreciated ..
it is about lifetime bitcoin mining ... not 2 years ...
i know that it depends on price of bitcoin but what would be the smallest or largest estimation (atleast this year)?
your help is greatly appreciated ..
it is about lifetime bitcoin mining ... not 2 years ...
you can reach your ROI for at least one year from now if you invest your money in genesis mining and we don't know if genesis mining will stay for more than 2 years again. but if you want to try and not going to regret if the company is finally scamming you, then you can go with them. I think, for now, genesis mining is only making a deal for mining with x11 which is monero but you can use it to mining bitcoin and as far as I know, the contract is 2 years only.
December 26, 2017, 07:53:47 PM
I've been with genesis mining for 15 months, and I'm doing pretty well. I just keep re investing and i'm looking forward to withdraw for the next 5 months. Goodluck risk taker..
December 26, 2017, 02:50:55 AM
I've made a lot of money from Genesis.
ROI was about 5 months due to timing my hash purchase with some foresight into BTC price.
Bought before bull surge this year and now get about $80 every 3 days.
No point buying a plan unless you've done your analysis but Genesis can be a fun little earner and their customer relations are great
ROI was about 5 months due to timing my hash purchase with some foresight into BTC price.
Bought before bull surge this year and now get about $80 every 3 days.
No point buying a plan unless you've done your analysis but Genesis can be a fun little earner and their customer relations are great
November 15, 2016, 04:58:21 PM
got it !! thank you guys ... i appreciate you comments...
October 27, 2016, 04:48:33 AM
Probably take you at least a year for ROI, I was on the X11 contract for a year which is almost up and I have just about made a return and it is tiny so nowadays I wouldn't bother with these cloud mining sites even if they are legit, better off investing in a decent altcoin.
October 27, 2016, 04:32:34 AM
for your info, your ROI will be at 6-8 month after you start to buy but its could be more than 8 month. before halving, i am trying to mining with genesis and i get my ROI in almost 10 month because i only have small hashrate so now i think i will think twice to buy hashrate but if the price is really down, maybe i will buy it directly. but for now, i don't know how long to get ROI if you are mining btc, my suggestion is better you mining beside bitcoin.
Your right and that long months of waiting to get the roi is not very worth to wait since we can find better oppurtunities rather than putting some money on this company, and GENISIS-MINING are yet on bit struggling situation so i don't really like to tell people to invest at them since they can be turn bad anytime if they want, and also cloudmining businesses is on the end era since the profit you can actually get from it is so low and cannot feed your needs.
October 27, 2016, 04:12:21 AM
for your info, your ROI will be at 6-8 month after you start to buy but its could be more than 8 month. before halving, i am trying to mining with genesis and i get my ROI in almost 10 month because i only have small hashrate so now i think i will think twice to buy hashrate but if the price is really down, maybe i will buy it directly. but for now, i don't know how long to get ROI if you are mining btc, my suggestion is better you mining beside bitcoin.
October 27, 2016, 03:00:38 AM
it says probably legit ... i saw it on badbitcoin's safe list that is why i asked it here ...
Read this from badbitcoin's site and think again about trusting them
http://www.badbitcoin.org/gaw.htm
The question to ask yourself if what will get you more, giving genesis mining $30 dollars, or going to an exchange and buying $30 worth of bitcoins?
Whichever of those choices will give you more bitcoins will leave you in a better position no matter what the price of bitcoins is.
Just like what happen on hashocean, its been listed there on badbitcoin.org and trying to warn everyone regarding those ponzi scheme cloudmining but stil lthey decide to invest on it and now it turns scam and regretting in the end that they should not invest on the first place. We trying to warn them for now because we are experienced enough to these things and we dont want for anybody to fall for this crap thing.
October 26, 2016, 11:36:23 PM
Absolutely NEVER. Do not use Genesis Mining, there is not way you can make money with them. If you want to have even glimpse of ROI, there re other companies which can provide cheaper hash. All in all cloud mining is a risky business whoever you choose but with Genesis you lose money 100%.
I recently use only this:
https://bitcointalksearch.org/topic/1-how-to-make-money-in-crypto-with-minerjoe-hashflare-1579210
I recently use only this:
https://bitcointalksearch.org/topic/1-how-to-make-money-in-crypto-with-minerjoe-hashflare-1579210
October 26, 2016, 11:11:49 PM
In Genesis mining you might take very long time to restore your investment, it is legit site as far as I know but the profit rates are too low, may you try to mine other altcoins like Ethereum, however $30 is small amount to try with, but investing higher amount isn't recommended.
Long ROI up to 2 years and who are wanna waiting for 2 years just for reaching their first amount back without profit? in the cloud mining it's just you like buy a stuff from them and not investing in there. and never of using the cloud mining, you may trying for manual mining.2 years roi would be very a long time to wait and you wont still guarantee that cloudmining site would last that long hence most of them doesnt last long. Thats why cloudmining investment are just a waste of money and would not be an ideal thing to do as you suggested it better to do manual mining on yourself but you would really need huge money to put on it because asic miners are really expensive.
October 26, 2016, 07:34:38 PM
it says probably legit ... i saw it on badbitcoin's safe list that is why i asked it here ...
Read this from badbitcoin's site and think again about trusting them
http://www.badbitcoin.org/gaw.htm
The question to ask yourself if what will get you more, giving genesis mining $30 dollars, or going to an exchange and buying $30 worth of bitcoins?
Whichever of those choices will give you more bitcoins will leave you in a better position no matter what the price of bitcoins is.
October 26, 2016, 07:06:04 PM
First of all - if your investing budget is only $30 then I am sorry. You won't be earning much from cloud mining (legit or not) at all.
I guess you don't care about mining process but instead want some passive profits. If that is the case turn you head somewhere else.
What I like to recommend instead of cloud mining is casino bankroll investments in the best case you will gain up to 30%-40% profits in the worse case you will lose it all.
I guess you don't care about mining process but instead want some passive profits. If that is the case turn you head somewhere else.
What I like to recommend instead of cloud mining is casino bankroll investments in the best case you will gain up to 30%-40% profits in the worse case you will lose it all.
October 26, 2016, 07:00:50 PM
In Genesis mining you might take very long time to restore your investment, it is legit site as far as I know but the profit rates are too low, may you try to mine other altcoins like Ethereum, however $30 is small amount to try with, but investing higher amount isn't recommended.
Long ROI up to 2 years and who are wanna waiting for 2 years just for reaching their first amount back without profit? in the cloud mining it's just you like buy a stuff from them and not investing in there. and never of using the cloud mining, you may trying for manual mining. October 26, 2016, 04:49:40 PM
In Genesis mining you might take very long time to restore your investment, it is legit site as far as I know but the profit rates are too low, may you try to mine other altcoins like Ethereum, however $30 is small amount to try with, but investing higher amount isn't recommended.
October 25, 2016, 04:00:02 PM
What if i buy $30 worth of hash power from genesis-mining? how much i wil be earning (average/monthly) ...
i know that it depends on price of bitcoin but what would be the smallest or largest estimation (atleast this year)?
your help is greatly appreciated ..
it is about lifetime bitcoin mining ... not 2 years ...
i know that it depends on price of bitcoin but what would be the smallest or largest estimation (atleast this year)?
your help is greatly appreciated ..
it is about lifetime bitcoin mining ... not 2 years ...
You won't earn, cloud mining isn't profitable. Here is GM-review https://bitcointalksearch.org/topic/genesis-mining-review-768281 so read this topic. Tbh even if you could earn something with cloud mining, 30$ is nothing to invest.
October 22, 2016, 12:47:56 AM
better to make a bet with out knowledge on right score than invest in mining nowadays. In first case you have more chances to earn )
October 22, 2016, 12:43:38 AM
thank you for your valuable suggestion guys ....
October 21, 2016, 11:40:48 PM
What if i buy $30 worth of hash power from genesis-mining? how much i wil be earning (average/monthly) ...
i know that it depends on price of bitcoin but what would be the smallest or largest estimation (atleast this year)?
your help is greatly appreciated ..
it is about lifetime bitcoin mining ... not 2 years ...
Genesis mining is a long time running cloud mining company but with your 30$ I doubt you can even het close to getting a ROI in a year. If you want to participate in cloudmining such as this you may want to consider increasing the amount of ypur invetment because with your current budget you will loose your money instead of profiting. Tho I am not encouraging you to invest all your money , cloudmining still is not safe even if we say that it is already a reputable one.i know that it depends on price of bitcoin but what would be the smallest or largest estimation (atleast this year)?
your help is greatly appreciated ..
it is about lifetime bitcoin mining ... not 2 years ...
Very true, even genesis is already operating on longer months as of now but still its not advisable to invest so big on this scheme because i dont have trust anymore on this cloudmining things . Its better to invest on real hardware miners compare to this. $30 would just a like a dust and would even reach you roi on 1 year. Doesnt worth at all.
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