Will genesis mining be profitable after halving? - page 2.

sorryforthat

hero member

Activity: 994

Merit: 500

Quote from: JarBinks on July 02, 2016, 03:15:29 PM

Quote from: sorryforthat on July 02, 2016, 03:06:09 PM

Quote from: Bitcoinsummoner on July 02, 2016, 01:08:53 PM

Quote from: bapparabi on July 02, 2016, 12:37:49 PM

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

Yeah i think better to stay away in those cloud mining site it can end up to scam.. just hashocean if you remember many people are scammed by this company.. this is just like the same as old investment schemes before.. they are acting the same as old owner of scrypt.cc

I dont think you really understand the difference between Genesis Mining and the other two you mentioned. They are far from anything alike.

If you don't mind, What is the difference?

For starters, they have proved through pictures and video interviews that their equipment exists, not to mention publicly mentioning where their mining operations are held (even have live streams of their mines). They have taken part in numerous important bitcoin functions and conferences and made their appearance known by have a fully transparent team. I can go more in depth if needed but its terrible to compare them to sites that have brought nothing but problems from the start and have been ruled as scams before they really took off.

JarBinks

full member

Activity: 144

Merit: 100

Quote from: sorryforthat on July 02, 2016, 03:06:09 PM

Quote from: Bitcoinsummoner on July 02, 2016, 01:08:53 PM

Quote from: bapparabi on July 02, 2016, 12:37:49 PM

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

Yeah i think better to stay away in those cloud mining site it can end up to scam.. just hashocean if you remember many people are scammed by this company.. this is just like the same as old investment schemes before.. they are acting the same as old owner of scrypt.cc

I dont think you really understand the difference between Genesis Mining and the other two you mentioned. They are far from anything alike.

If you don't mind, What is the difference?

sorryforthat

hero member

Activity: 994

Merit: 500

Quote from: Bitcoinsummoner on July 02, 2016, 01:08:53 PM

Quote from: bapparabi on July 02, 2016, 12:37:49 PM

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

Yeah i think better to stay away in those cloud mining site it can end up to scam.. just hashocean if you remember many people are scammed by this company.. this is just like the same as old investment schemes before.. they are acting the same as old owner of scrypt.cc

I dont think you really understand the difference between Genesis Mining and the other two you mentioned. They are far from anything alike.

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: bapparabi on July 02, 2016, 12:37:49 PM

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

Yeah i think better to stay away in those cloud mining site it can end up to scam.. just hashocean if you remember many people are scammed by this company.. this is just like the same as old investment schemes before.. they are acting the same as old owner of scrypt.cc

bapparabi

hero member

Activity: 826

Merit: 1000

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

wikenpp

hero member

Activity: 672

Merit: 500

I doubt any cloud mining operation will be profitable... EVER. They haven't been from the start. The people who were lucky to get paid in ponzi's are just a small minority if you compare if with the people who got scammed.

If there is a cloud mining with a decent chance of profit it's by far not Genesis Mining, With Hashnest you could have a chance, but again it's very slim.

xventure

newbie

Activity: 56

Merit: 0

Using this calculator here: it shows the calculations alloscomp.com/bitcoin/calculator mining with increased difficulty of the blocks and halving. With it you will have a base about how you will win.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Posum578 on June 28, 2016, 08:17:37 AM

I think no one know about value dollar, if now you get $3/day after halving maybe you can get over it as bitcoin price increase or below it if bitcoin price decrease
But the exactly what you can know, if you get BTC0.1/day after halving you will only get BTC0.05/day Yes its true if bitcoin mining difficult not increase too

not recommended investing on mining in this time because in the short time the halving will come and this is can decrease your income from mining. as posum578 opinions, if you get $3/day after halving you will get $1,5 only and you will feel a big lost in them. avoid mining at this time, you need to think again about your intention to using mining service.

janggernaut

legendary

Activity: 2366

Merit: 1130

Quote from: coin_gambler on June 28, 2016, 08:05:56 AM

so i was thinking about putting some money into genesis mining though i had this one question:

when the halving happens will it still be profitable to mine with it? for example if i invest in it now and buy 2 TH/s mining power and get 3 dollars a day right now, will i get 1.5 dollars a day only after the halving?

my opinion , nope, because after halving i think btc price would be stable around $650-$700,with that price, i doubt if genesis minning would give you big profit, also, with that price , some of minning sites already become scam, just hope genesis minning dont turned into next scam site.

equator

legendary

Activity: 1190

Merit: 1002

I dont think that any cloud mining or mining sites are ever given any profit to the users , even before halving or after halving This all mining sites are scam as they never give any proof of their mining sites or hardware details, so how do you think that they will give you profit when they dont mine itself , they just shuffle the users bitcoins between them and when their target achieves they just vanish or start some bluffing like site got hacked etc etc bla bla.

bapparabi

hero member

Activity: 826

Merit: 1000

you can rich roi in any minign company other then ponzy mining scheme like hashocen ..other wise they are not profitable when you rich rio they wil say its no more profitable and clso your account this is all mining compnay issue .

Caladonian

hero member

Activity: 1302

Merit: 540

it is difficult to say if they are still profitable as no one can predict what will be the price after halving i guess it is much better for you to find other ways instead of investing in this kind of mining never heard anybody earned from bitcoin mining as i started knowing bitcoin since this year every thread that i have been read only says that mining is no longer profitable so why try, much better trying to investing in trading alts you can control and you don't need to pay any maintenance mate.

jack1111

hero member

Activity: 924

Merit: 500

I ask the same question , how they will work after the halving , if their rates now about 120% yearly , it may be 110% after the halving , but they depend on other crypto coin like ETH , whereas most of miners will turn to mining ETH as it is the most profitable coin after Bitcoin .

sorryforthat

hero member

Activity: 994

Merit: 500

Quote from: crazyivan on July 02, 2016, 02:57:06 AM

Genesis Mining has NEVER EVER been profitable. I have not been able to find a SINGLE person EVER reaching ROI with them.

So pls, do your calculations the right way and stay away from financing their farms.

Never every huh? Well consider me the first single person to tell you that I have been able to reach ROI and have looked at about a 120% yearly return at the highest with them. My ETH year contract has been a pretty nice success for me.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

even without halving you'll get super low profit unless you're such as early investor which already got ROI after waiting few months,for newcomer there's no chance just wasting your money,time and effort,better allocate it on other potential thing

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Genesis Mining has NEVER EVER been profitable. I have not been able to find a SINGLE person EVER reaching ROI with them.

So pls, do your calculations the right way and stay away from financing their farms.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: BitcoinSupremo on July 02, 2016, 01:12:56 AM

Quote from: Digitalbitcoin on July 01, 2016, 10:33:24 AM

Friends,

If we think very positively about bitcoin mining and conditions already happened, mining is completely different thing but price of bitcoins in current exchange market is highly important.

As we already seen two halvings as of 2008 to 2012 with 50 BTC reward for block then 2012 to 2016 with 25 BTC reward for block and after then 2016 to 2020 price for each mined block will be 12.5BTC but think if price of Bitcoins rise up there will net profit can be count in local currency with ROI.

And as predictions price of bitcoin will bump upto $10000 till 2020.

Think for mining at that level.

A very optimistic prediction indeed for the mining at bitcoin price of 10.000 USD per coin till 2020. That would be extremely wonderful to achieve the price of 10.000 USD per bitcoin as people holding more than 5 bitcoin will be with a nice decent amount of money for any country like 50.000 USD. But this is unlikely to happen until 2020 I am afraid but no one stops us from hoping this prediction to come true. Mining would be great back then.

Now back on topic, I have warned several times against Genesis-Mining. No one has made ROI with them and they don't mention to you any ROI in the contract they are selling. They turned off X11 scrypt mining when it was heavily profitable a few months ago. They will shut down your miner if difficulty increase. If you had bought a lifetime contract, you have lost money, if not then you would have not made ROI still. Do I need to add more that Genesis-Mining was not profitable before halving and it will be not after the halving.

Genisis mining had many issue and when you post your problem to their fb suddenly they will delete it and doesnt answer problems inquiry to their costumer, thats why we should not invest in mining because for the fact that difficulty of blocks is even more higher and that says it not more profitable for them to opperate for more years thats the main reason they join ponzi scheme now.

So by that genisis-mining well be dead anytime soon.

BitcoinSupremo

copper member

Activity: 1442

Merit: 529

Quote from: Digitalbitcoin on July 01, 2016, 10:33:24 AM

Friends,

If we think very positively about bitcoin mining and conditions already happened, mining is completely different thing but price of bitcoins in current exchange market is highly important.

As we already seen two halvings as of 2008 to 2012 with 50 BTC reward for block then 2012 to 2016 with 25 BTC reward for block and after then 2016 to 2020 price for each mined block will be 12.5BTC but think if price of Bitcoins rise up there will net profit can be count in local currency with ROI.

And as predictions price of bitcoin will bump upto $10000 till 2020.

Think for mining at that level.

A very optimistic prediction indeed for the mining at bitcoin price of 10.000 USD per coin till 2020. That would be extremely wonderful to achieve the price of 10.000 USD per bitcoin as people holding more than 5 bitcoin will be with a nice decent amount of money for any country like 50.000 USD. But this is unlikely to happen until 2020 I am afraid but no one stops us from hoping this prediction to come true. Mining would be great back then.

Now back on topic, I have warned several times against Genesis-Mining. No one has made ROI with them and they don't mention to you any ROI in the contract they are selling. They turned off X11 scrypt mining when it was heavily profitable a few months ago. They will shut down your miner if difficulty increase. If you had bought a lifetime contract, you have lost money, if not then you would have not made ROI still. Do I need to add more that Genesis-Mining was not profitable before halving and it will be not after the halving.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Friends,

If we think very positively about bitcoin mining and conditions already happened, mining is completely different thing but price of bitcoins in current exchange market is highly important.

As we already seen two halvings as of 2008 to 2012 with 50 BTC reward for block then 2012 to 2016 with 25 BTC reward for block and after then 2016 to 2020 price for each mined block will be 12.5BTC but think if price of Bitcoins rise up there will net profit can be count in local currency with ROI.

And as predictions price of bitcoin will bump upto $10000 till 2020.

Think for mining at that level.

xht

sr. member

Activity: 462

Merit: 250

hey you, yeah you, fuck you!!!

Quote from: hasiramasenju on June 29, 2016, 03:57:22 PM

Quote from: xht on June 29, 2016, 03:44:03 PM

Quote from: JITENDERPAR on June 29, 2016, 02:02:00 AM

I suggest you to stay away From Bitcoin mining sites, because the amount of Mining Bitcoins is half after halving. And now all the Bitcoin mining sites are Scamming people.... So Stay away from all Mining sites....

No it will not happen if you know that the place you put the money to invest in the mining sites if they are actually running their businesses like genesis mining is one of the trustworthy sites.

are you sure they will not scam us because last time people said hashocean are trustworthy cloud mining sites but in the fact they were gone now however for me currently mining aren't profitable any longer especially after halving i think may be they will cut out profit users became a half

Not too sure but if we invest in the genesis it's much safer because they can provide evidence of their mining. it's different if you invest in hashocean they only say you can get fast ROI when you invest your money on them.

Topic: Will genesis mining be profitable after halving? - page 2. (Read 3336 times)