Bitcoin Forum

I am looking to sell my Genesis Cloud Mining 26.5200 TH/s Bitcoin Mining Contract. This contract costs $11,000 to purchase. Every month my contract nets me roughly $500 in bitcoins! This is a Lifetime contract so every month for the rest of the existence of bitcoin, you will net $500/month! Asking $8,000, only accepting bitcoin. Willing to negotiate.. no low balls please :) Call or text me @ 516-472-4405 or PM me

Proof:

http://tinypic.com/r/uvkuh/9

If your going to advertise to sell something, at least don't lie.  You will not net $500 a month for the existence of bitcoin.  It will eventually stop being profitable once difficulty gets too high or the price gets too low.

If your going to advertise to sell something, at least don't lie.  You will not net $500 a month for the existence of bitcoin.  It will diminish as the difficulty goes up over time.  In fact, 26.5 TH/s is barely worth half of his asking price.
[/quote]

That is true, as long as there is mining this contract will be making bitcoins, but it is $11,000 to purchase a contract of this size on Genesis Mining. So yes it have a face value of $11,000. Obviously your reasons are why i'm selling it at a discounted price. Thanks for the input

it's not truly lifetime! if the daily maintenance fee exceeds the daily reward (steady difficulty increase) the mining contracts will be suspended somewhere in the future.

tell the whole story, bro!

Man, I can't even find on their website where they say what their cost for electricity is?  How are you supposed to find out how profitable the equipment is if you can't even do a proper evaluation.  I think it said to login to find the current maintenance fee, but I made an account and still can't find it.

Looks like it was not really mentioned but it is going to be covered in the maintenance

"2. Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of (the "Fee"):  
a. 0.449 USD per GH/s upfront
b. USD 0.00079 per GH/s and day, deducted on a daily basis* from the generated Coins"

This is found in the terms of agreement when you upgrade for hash power.

EDIT: I don't think there's no need to high light or mention "Lifetime Contract" since contracts of Genesis Mining are now lifetime.

And i already wanted to ask if they have an offer that automatically upgrades in order to remain the $500 per month stable. Guess that would not be possble anyway.

To interested buyers. The seller indeed lies. He claims $500 will be earned for life but in reality, if you earn $500 the first month then you will only earn, lets say $350 the next month and this will drop very fast. The reason is the difficulty that will rise.

Obviously the seller tries to scam. Except there is some other explaination for his claims.

Payout is less than 5 dollars a day so lifetime means 3 years to the next halving let's say 1000 days
Is 5000.00usd to make it profitable I'll give you 1200 for it

Why are we resurrecting threads from over 6 months ago.  Let it die, if you would have read above, we all called him out on it anyway and it is clearly a dead thread.