Would you invest in Mining Company IEO? - page 5.

mammuth28

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Quote from: mrkavasaki on August 12, 2019, 06:14:02 AM

I don't think a mining company will succeed with the IEO, and the first thing is that they have to convince the exchange to agree to sell their tokens. Because many scams have happened to ICOs about mining projects in 2017 and 2018, none of them have been successful with this idea.

Stil remember most scams ICO (like icerocketmining) where all was so cool and promiscuous... I don`t trust that kind of companies, specially "cloud mining" one... when from one day to another all things could disappear.

Om.monata

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investing in an IEO mining company might be one of the good things, I think if there might be an IEO mining company doing promotions and seeing the concept is very good maybe I would invest there.

Questat

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Quote from: coin_1122 on August 13, 2019, 02:43:17 AM

Not it is not best idea to invest in IEO for mining company because previously we lost very huge amount in Envion company. Which they get into the scam and even they are not returning the money to the investors. Really they collected a very huge amount of money during their crowd sales.

Have to consider that mining isn't promising by now and most cases more people lose their money and so the confident may lessen already.
The scam issues happen before are sticking into the mind of mining investors and create massive declining in numbers who put risk with this.
Of course, I'll never be risking my money for nothing and mining may not be worthy at this time.

eaLiTy

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Quote from: TanakabZX on August 12, 2019, 02:30:00 AM

Another one ive heard about is pieta network that actually introduce a new algorithm called x20 which they claimed to be cool on GPUs and very profitable as well but i havent tried out any mining projects with IEO before,you can proceed if you find any prove that what the project is all about makes sense

The people who start the project will always claim that it is the best product out there and it will solve all the issues in the present market and if you go by their words without verifying what is going on, you will end up spending some mining power and electricity and you will not get any benefit rather than some shit coins in your wallet which are useless. Investing in mining companies and making a profit is a myth unless you have other resources to get the maximum benefit from the company you are investing.

Fredomago

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Quote from: pungopete468 on August 12, 2019, 03:52:39 AM

Quote from: xenomorphe1 on August 12, 2019, 02:46:35 AM

Yes, it is profitable for the company doing the IEO. But not for investors in the long term, as most of them are scams. Look at Envion or Swiss Alps Mining for example. But it can be profitable at the start of trading with a little chance. Like others IEO.

Minning itself currently has a lot to lose and why are we actually interested in buying investment products that move in the minning sector. this is definitely not a good step when minning is not profitable and we invest

Precisely, there's no assurance with the business itself so how the team can manage to attract investors to invest with their project, it's hard for people who already experienced some loses way back, if the team needs to get attention from the investors they needed to convince that there's real potentials.

sana54210

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Quote from: sehoon on August 12, 2019, 05:09:05 AM

I never tried joining in a mining company before. I looked at it but it has some bad reviews and they recommend me to stick on investing in bitcoin or good altcoins.

The perception I have always had about these mining is that it is too expensive to established, and the ones I tried getting involved with one time was that of siacoin when they were still being able to mine it with pc but mining it with pc is just too annoying because it generates a very slow and small hash rate because of the low system capacity, so you will have no choice than to buy the mining machine which is expensive.

I have heard of some third party mining companies too with their series if offers, but I am quite a little bit skeptical in joining them because I don’t want to believe all those offers they are giving that sounds too good to be true, because in these industry, one really has to be very careful In some of the activities we do because of scam projects.

Kasabus

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I would not invest in anything like mining, unless I'm the one operating it or our group.
There are a lot of online mining investments in the past that turns out scam and I was one of the victims so that makes me get rid of this kind of investment.

nira09

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Quote from: MonaLeeTracy on August 12, 2019, 10:57:26 AM

Quote from: nira09 on August 12, 2019, 08:40:14 AM

so far, Most mining projects fail, whether because bearish market or fraud. all ended badly, if you want to invest in a project, avoid the mining project. you better join the IEO that takes place on the Binance or OKEx exchanges it is more profitable.

Less calculations are made of electricity costs and the results make most projects that move on minning fail when they are running. cooperating with large exchanges in the future is still not very good if there is no new system that can make electricity savings

even large exchanges will not want to hold an IEO in their exchange if the proposed project does not have good potential, because the exchange also does not want to disappoint the investors who will participate. their good reputation can be damaged because of that

john_nautica

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I currently invest in IEO and don't see what the company's concept is. the most important thing is to have a good and successful future. even if there is a mining company in IEO that is good and potentially I will not think long and will definitely invest there

[email protected]

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to invest I did not do it. but to participate in the prize campaign and keep the assets now I still do. because by holding coins from the bounty I can get ETH every day from mining on their website. to invest in a mining project, I haven't done it.

mrkavasaki

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I don't think a mining company will succeed with the IEO, and the first thing is that they have to convince the exchange to agree to sell their tokens. Because many scams have happened to ICOs about mining projects in 2017 and 2018, none of them have been successful with this idea.

MonaLeeTracy

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Quote from: nira09 on August 12, 2019, 08:40:14 AM

so far, Most mining projects fail, whether because bearish market or fraud. all ended badly, if you want to invest in a project, avoid the mining project. you better join the IEO that takes place on the Binance or OKEx exchanges it is more profitable.

Less calculations are made of electricity costs and the results make most projects that move on minning fail when they are running. cooperating with large exchanges in the future is still not very good if there is no new system that can make electricity savings

btc78

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The mining days are gone and they are not profitable these days,so I am a No No on this one.i would rather invest in unique ICO projects than mining companies
And upon looking posts above it’s clear that most are negatives than positive outlook on this one

Quote from: nira09 on August 12, 2019, 08:40:14 AM

so far, Most mining projects fail, whether because bearish market or fraud. all ended badly, if you want to invest in a project, avoid the mining project. you better join the IEO that takes place on the Binance or OKEx exchanges it is more profitable.

Absolutely!!binace is one good option to profit now,their IEO is gaining investors so I think this is a best alternative than mining

nira09

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so far, Most mining projects fail, whether because bearish market or fraud. all ended badly, if you want to invest in a project, avoid the mining project. you better join the IEO that takes place on the Binance or OKEx exchanges it is more profitable.

pungopete468

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Quote from: xenomorphe1 on August 12, 2019, 02:46:35 AM

Yes, it is profitable for the company doing the IEO. But not for investors in the long term, as most of them are scams. Look at Envion or Swiss Alps Mining for example. But it can be profitable at the start of trading with a little chance. Like others IEO.

Minning itself currently has a lot to lose and why are we actually interested in buying investment products that move in the minning sector. this is definitely not a good step when minning is not profitable and we invest

Jating

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At this point, mining is really questionable, I mean it was not profitable way back last year so I don't know how can it be profitable in 2019. And there was a lot of questionable mining services before and even majority of experience traders and investors blatantly calling them a scam.

And that is the main reason people are going to snub IEO that involved mining. I'm not saying everyone, but I guessing everyone would look the other way and go to other IEO that has the potential to give them a huge profit in the end.

HellDiverUK

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Quote from: Javi_Anibarro on August 12, 2019, 02:29:50 AM

Mining is not profitable anymore, and what is the point of investing in that kind of industry for now? unless the price surges up for at least %200. It is totally waste to invest all of our money into it. Let's see Genesis Mining for example. They have been here for years, and look at their investors.
almost all of their small investors were getting burned because of their contract giving them literally 0 value daily because of the fees and difficulty.

Why you say mining is not profitable anymore and you wearing signature that have mining token on exchange? Genesis mining will be on profit when bitcoin price more than $ 17K..

Red-Apple

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absolutely not.

it is simple, mining is either so profitable for the big farms or it is not. if it is profitable, then they wouldn't need to do a scam fund raising through a shitty token on some platform to make ends meet.
only those who can not make money and have no business plan have to do out of ordinary things such as begging for money through ICO/IEO. and none of them have ever been an actual business.

sehoon

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I never tried joining in a mining company before. I looked at it but it has some bad reviews and they recommend me to stick on investing in bitcoin or good altcoins.

xenomorphe1

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Yes, it is profitable for the company doing the IEO. But not for investors in the long term, as most of them are scams. Look at Envion or Swiss Alps Mining for example. But it can be profitable at the start of trading with a little chance. Like others IEO.

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