Would you invest in Mining Company IEO?

KTChampions

legendary

Activity: 2352

Merit: 1903

Leading Crypto Sports Betting & Casino Platform

Quote from: FanEagle on February 07, 2020, 04:12:25 PM

I would personally surely invest into a mining company startup only if they have some benefits which would minimize the mining costs and maximize the profits. [1] I would actually love investing into such companies because profits I would get from such companies would usually be good enough but also we should never forget the number of scam mining projects in the markets.

In terms of mining project, there have been a number of scam ICOs who offered huge benefits like renewable source energy for mining, cheaper hashrates, etc but ended up being a scam which also teaches us a lesson to never to be greedy and look for higher profits with lower security.[2]

It seems to me, or is there a big contradiction in these two points? Wink

In addition, if we assume that an innovative company will enter the market that will have a great advantage over other players, then the interest in it will be so great that you will not be able to invest in it because of great competition. Well, or the investment conditions will be such that you do not even want to do this.

FanEagle

legendary

Activity: 2884

Merit: 1117

Leading Crypto Sports Betting & Casino Platform

I would personally surely invest into a mining company startup only if they have some benefits which would minimize the mining costs and maximize the profits. I would actually love investing into such companies because profits I would get from such companies would usually be good enough but also we should never forget the number of scam mining projects in the markets.

In terms of mining project, there have been a number of scam ICOs who offered huge benefits like renewable source energy for mining, cheaper hashrates, etc but ended up being a scam which also teaches us a lesson to never to be greedy and look for higher profits with lower security.

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: RealMalatesta on February 07, 2020, 01:06:12 PM

Yes, there really is huge competition in terms of mining projects and most of the people including investors have lost faith from mining projects like cloud mining, genesis mining, etc because there were a number of such scam projects into the markets which initially gave some profits but at the last eat all of the profits and ran away without leaving any footprints.

That is why most of the investors have stopped showing interest towards mining project but yet a genuine mining project with some profitable strategy might again attract those investors and might even hit the markets if it really gets that potential. But, a huge development would be needed behind such project.

I remember that back in the day when icos were really popular there were many icos related to mining and as far as I can remember none of those coins were successful and it is not difficult to understand why, once the developers of those coins sold them there was nothing to do except to wait and hope the mining operation was profitable.

But as we know the price of bitcoin from time to time goes below the mining costs and only the biggest miners can endure to keep mining for a loss for a long period of time, so when the bear market of 2018 appeared that wiped out most of those coins during the next months.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: KTChampions on February 05, 2020, 05:03:02 PM

Besides all this, this topic is far from new. I remember a lot of ICOs that were held on the topic of mining. And judging by the number of players in this market (mining hotels, cloud mining, mining contracts in a couple of clicks from your computer, etc.), this is a highly competitive sphere and there is no reason to expect big profits (and therefore investor interest) here.

Yes, there really is huge competition in terms of mining projects and most of the people including investors have lost faith from mining projects like cloud mining, genesis mining, etc because there were a number of such scam projects into the markets which initially gave some profits but at the last eat all of the profits and ran away without leaving any footprints.

That is why most of the investors have stopped showing interest towards mining project but yet a genuine mining project with some profitable strategy might again attract those investors and might even hit the markets if it really gets that potential. But, a huge development would be needed behind such project.

KTChampions

legendary

Activity: 2352

Merit: 1903

Leading Crypto Sports Betting & Casino Platform

Quote from: Williams_Leo on February 05, 2020, 10:09:02 AM

Quote from: KTChampions on February 03, 2020, 05:25:36 PM

Of course, I understand that at the time the topic was created, the question was interesting, but now the IEO is actually dead. Everyone understands that this is a short-term hype and it has already passed. As for mining, it is very risky to make any investments in it three months before halving.

IEO has only really debuted to the community in recent months and now, it still has a stable life but with a simple operation mechanism and lack of interesting points, it has really lost a lot of charisma from the community but it is not dead. Speaking of mining, it's an area that people rarely mention when it seems too difficult with the device conditions, and for a company that has an idea of combining mining with IEO, it probably won't get too many good votes when both of these are already exhausted and weakened.

Besides all this, this topic is far from new. I remember a lot of ICOs that were held on the topic of mining. And judging by the number of players in this market (mining hotels, cloud mining, mining contracts in a couple of clicks from your computer, etc.), this is a highly competitive sphere and there is no reason to expect big profits (and therefore investor interest) here.

Williams_Leo

member

Activity: 207

Merit: 11

Quote from: KTChampions on February 03, 2020, 05:25:36 PM

Of course, I understand that at the time the topic was created, the question was interesting, but now the IEO is actually dead. Everyone understands that this is a short-term hype and it has already passed. As for mining, it is very risky to make any investments in it three months before halving.

IEO has only really debuted to the community in recent months and now, it still has a stable life but with a simple operation mechanism and lack of interesting points, it has really lost a lot of charisma from the community but it is not dead. Speaking of mining, it's an area that people rarely mention when it seems too difficult with the device conditions, and for a company that has an idea of combining mining with IEO, it probably won't get too many good votes when both of these are already exhausted and weakened.

ntsdm1

member

Activity: 394

Merit: 14

Quote from: prasad87 on July 30, 2019, 09:43:24 AM

Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

It's actually a good idea to run an IEO.Mining is still a very profitable activity, so I am sure that there will be investors for such an IEO.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Decentralization would be the key point I agree to that. I mean if you can create a coin/token that basically has some sort of miners profits directly going towards the coin holders, that would be amazing. Think about it, the amount of voltage will be used is decided already, it is based on mh/w thing where even if the hash rates go up eventually the voltage will go up as well which means costs will go up as well, that way the rest of the profits could automatically distributed to people who hold the coins as dividends.

I am not a developer so I can't say if that is possible or not, but that is kinda sounds like the only way. Otherwise why would we trust our money with a miner who will "maybe" pay us the profits without any proof? Maybe they won't pay it? Look at Ripple, they are a financial company that makes millions of dollars of profit yet the XRP owners can't get dividends from it, that type won't work for me.

KTChampions

legendary

Activity: 2352

Merit: 1903

Leading Crypto Sports Betting & Casino Platform

Of course, I understand that at the time the topic was created, the question was interesting, but now the IEO is actually dead. Everyone understands that this is a short-term hype and it has already passed. As for mining, it is very risky to make any investments in it three months before halving.

redsun114

hero member

Activity: 2590

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Yeah, mining could be profitable if you mined back in the day and hold it or if you are mining now yourself at least, however paying someone else to mine on your behalf and get the money for it has never been profitable, never will be.

If a person has enough money to actually mine and profit, they won't share it with you, if that person wants your money to get the machines and start mining, you could do it yourself as well and profit even more getting the middle men out of the way.

There is no scenario where investing into a mining company will ever be more profitable than actually doing it yourself, you are also putting risk of getting scammed in between as well and there is no reason to risk such a thing when you can do it yourself without having to trust anyone else.

calenda99

jr. member

Activity: 129

Merit: 1

I will participate in ieo When investing, with the associated reputation risks, cryptocurrency exchanges are strongly encouraged to appraise potential projects. Therefore, traditional investors do not need to think much if they trust when participating in the exchange.
As for the exchanges, they have the ability to access new markets, exclusive of that IEO project depending on their negotiating capabilities. Therefore, it can be said that this will be the best advantage of IEO.
IEO participants only need to create an account on the trading platform where IEO is conducted.
Through this method, the project that takes advantage of the exchange's current user data and the exchange will have to conduct project research before proceeding with IEO, which will help eliminate phishing projects. giving users less effort to research and projects with more trust from investors.

Kang TB

sr. member

Activity: 1050

Merit: 250

Revolutionizing Reward Points

Quote from: prasad87 on July 30, 2019, 09:43:24 AM

Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

i heard mining now is not profitable anymore, and if the main source income just from mining
i think its not good my friend
and maybe i will double think before invest in the IEO from thus project buddy

mdzahed134

sr. member

Activity: 2128

Merit: 259

SOL.BIOKRIPT.COM

I have no experience with mining IEO projects because i don’t seen any legitimacy projects IEO going to big and reliable exchanges. How can i believe such a mining project. But very recently i analysis regarding Pi Network project, still token sell running i think. You will get details here https://www.publish0x.com/pi-network/introducing-pi-network-xvwdmp it will be list very soon. It’s ICO price is 0.15$ but i hope price will be hits 1$ according to the total supply and project liquidity.

ongkok87

sr. member

Activity: 1120

Merit: 256

Quote from: TelolettOm on October 19, 2019, 03:54:40 AM

Quote from: huu78 on October 15, 2019, 10:28:51 AM

I have never tried an investment in IEO mining. Whether to produce a good profit or not?
Maybe if it gives profit and their project is long I'm interested.

If we think about Mining itself many people feel the disadvantages. then there are projects that have a concept and want to run in that field, we should have understood that this is not possible to be able to run and not invest in the project. but there are still many people who continue to invest there

Agree that indeed we should be able to see according to the facts that exist today but think about the benefits of whether it is logical to look at current market conditions and compare with the actual Minning conditions that have not run the business then why should we invest

TelolettOm

hero member

Activity: 2086

Merit: 553

Leading Crypto Sports Betting & Casino Platform

Quote from: huu78 on October 15, 2019, 10:28:51 AM

I have never tried an investment in IEO mining. Whether to produce a good profit or not?
Maybe if it gives profit and their project is long I'm interested.

If we think about Mining itself many people feel the disadvantages. then there are projects that have a concept and want to run in that field, we should have understood that this is not possible to be able to run and not invest in the project. but there are still many people who continue to invest there

KennyR

hero member

Activity: 2282

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: 19Nov16 on October 18, 2019, 09:11:12 PM

Quote from: cryptoknightt on October 18, 2019, 02:23:42 AM

I will not invest in a platform that has the concept of establishing a cryptocurrency mining company because in my opinion when you invest there the benefits you get will not be forever, different if you memining yourself then you can get its own benefits and you can control it forever.

Good idea, it has been proven that many mining companies are scams, I lost a lot of money in 2016 and never invested again, with the conditions now it takes more than 2 years for RoI.

Yes, more mining hosting based ico's got launched during the year 2016-2017. By that time it too gained big revenue, and few was successful at the beginning. The same didn't continue for a longer time period. One such ICO that was more popular by that time was icerock mining. Going through the scam accusations can find a lot about it ICE ROCK MINING - SCAM

19Nov16

sr. member

Activity: 1722

Merit: 252

Quote from: cryptoknightt on October 18, 2019, 02:23:42 AM

I will not invest in a platform that has the concept of establishing a cryptocurrency mining company because in my opinion when you invest there the benefits you get will not be forever, different if you memining yourself then you can get its own benefits and you can control it forever.

Good idea, it has been proven that many mining companies are scams, I lost a lot of money in 2016 and never invested again, with the conditions now it takes more than 2 years for RoI.

arifteguhr

sr. member

Activity: 1246

Merit: 252

Quote from: cryptoknightt on October 18, 2019, 02:23:42 AM

I will not invest in a platform that has the concept of establishing a cryptocurrency mining company because in my opinion when you invest there the benefits you get will not be forever, different if you memining yourself then you can get its own benefits and you can control it forever.

actually not all bad when we invest but indeed because of the many problematic projects that make the trust of people to be down on a project that is really making trust like you decrease. so prefer other instruments to take advantage

cryptoknightt

sr. member

Activity: 1189

Merit: 251

I will not invest in a platform that has the concept of establishing a cryptocurrency mining company because in my opinion when you invest there the benefits you get will not be forever, different if you memining yourself then you can get its own benefits and you can control it forever.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Tried it and it will gonna take you years before you get your ROI back and i think pretty much alot of people learned about it in the past because there were lots of these cloud mining scheme, wherein you buy a contract and they will mine bitcoin for you for a duration of time. It didn't end well because lots of people losing their initial investment because contract expired or the company closed before completing it.

- better trade your money atleast you have the chance to get a bigger profit than investing in these mining companies.

Topic: Would you invest in Mining Company IEO? (Read 1028 times)