Topic: Will genesis mining be profitable after halving? - page 3. (Read 3356 times)
It depends on the difficulty rise. If the difficulty rises 1% each 14 days, it is possible to make some profit. otherwise, not profitable.
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.I think i doubt that on what you said that mining aren't profitable anymore because you can see that the price is rising and helping the miners to make the mining still profitable even though the block reward will be half and the mining difficulty will increase.
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.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. 
It depends on the price for me because if the price will go higher and higher then even you mine half amount than what you can mine before it will be still profitable but if the price will not adjust to make the mining still profitable then you should not invest on mining because it's just a waste of time. If you ask me i suggest you to mine other coins if you like mining that much.
It's not that simple. If the price rises, then so will the difficulty, and then you will earn fewer bitcoins at the higher price. In theory, the price is not a factor.
it is already very hard to make any prediction about bitcoin and when it comes to mining this gets even harder, and worst of all is saying anything about cloudmining where you can't really tell because they are for one unprofitable and that is only if they are legit and not a ponzi scheme, and even legit ones with real hashpower turn into ponzi when they stop being profitable for the owners.
It depends on the price for me because if the price will go higher and higher then even you mine half amount than what you can mine before it will be still profitable but if the price will not adjust to make the mining still profitable then you should not invest on mining because it's just a waste of time. If you ask me i suggest you to mine other coins if you like mining that much.
I agree that it depends on the price of bitcoin after halving so I think it's better if you wait for it so you'll know if it will be profitable or not. Since halving is coming and no one knows what will really happen aside from bitcoin will be cut in half, I suggest you to not invest your bitcoins yet but rather save it. That's the safest way to do as of now because even if genesis mining seems to be legit now, we don't know if they will stay or turn to be scam sooner or later.
It depends on the price for me because if the price will go higher and higher then even you mine half amount than what you can mine before it will be still profitable but if the price will not adjust to make the mining still profitable then you should not invest on mining because it's just a waste of time. If you ask me i suggest you to mine other coins if you like mining that much.
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....
Yes youre right bitcoin halving makes mining sites turn into scam..so better to stay away never get involved with this mining sites,and the reason is some of them will collect some btc before going ofline in preparation of halving
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....
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?
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?
Do the math.
1. The number of bitcoins you earn will be cut in half.
2. The maintenance fee will not change.
3. The difficulty will drop perhaps 20%.
4. The price is unpredictable.
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
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
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?
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?
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