Bitcoin Forum

 Hi guys, I wanted to know when I invest in genesis-mining, what is the benefit ? and what the difference between trading bitcoin " Forex" and Mining
Because want to make good  profit without risky .

Mining and trading are both risky. Holding bitcoin is the best way to make money in crypto long term. Nobody can beat the market day-trading and mining is expensive.

The benefit of investing to genesis mining? There's nothing I can you'll benefit there better to find some other place to invest your bitcoin.


Trading of bitcoin(crypto's) is different from forex, in forex you use real currencies from different countries. And if you mean trading of crypto's, you'll use alt coins. If you want to make good profit, all has risk.

Thanks I appreciate it, Do you have any information about DASH Contract ?

Genesis mining is investing of your crypto coins in exchange for their mining power in hashes(I really don't know if it's really true to what they are claiming) and they are running for how many years now, I think most of the genesis mining investor is really taking a profit with their referrals. If you want to know what is the benefit in investing in genesis mining then you must go to their website and know about it.

the difference of crypto currency trading and mining is that in trading you must be well knowledgable to avoid massive losses in your investment while in mining you are just waiting for your hardware to do the hardwork for you but long term return of investment nowadays.

At this time dude, I wouldn't be doing anything along these lines with your money. Everyone here says that Genesis is one of the companies that is trusted, and I'm not going to try to refute that notion but think about it for a second. Genesis is a company which has miners, we all know what they want to make as much money for themselves-- their a business with investors in the end and they're only going to cater to their investors. So you may think buying a lifetime plan or whatever bullshit from them is going to be able to make X amount of money, and it's just not going to do it, cloud mining is going to not be profitability or it's going to be a scam. Pick your poison I suppose.

Actually, there is nothing wrong with sharing the profit if you are mitigating risk.

As I see it, it works like the following:

You will make money if:

- All things remain the same, including difficulty.
- Difficulty increases and Bitcoin price rises to outset that.
- Difficulty decreases.

You will lose money if:

- Difficulty increases and the price does not rise sufficiently.
- Bitcoin price decreases.

In the 1st option, Genesis Mining is making money with your fees supposedly.

In the 2nd option, Genesis Mining is making money while they keep on Mining with the subsidy of your Hashpower.

This is a clever and necessary Hedge for a Mining Company in a High Volatile Market. Ourselves, we take most of the risk. We will increase our winnings relative to buying Bitcoin in the first option, and possibily increase losses in the second one.

I actually think a few opportunities open up. But it is very hard to be profitable here as a user.

Genesis mining is said to be legit but it is said that you have to wait for atleast six months to recover your investment itself.You have to select the plans as per the hash rate,higher the deposit,higher hash rate.If you want to make profits without risks,then you could start mining bitcoins but you need powerful ASICs and also you should have low electricity charges in your place to get profits.Trading is risky and doing it without experience may lead to loss.

You sound confusing bro.

Anyway, mine if you are willing to spend some significant amount of capital. That is your investment.

What do you mean bitcoin "Forex"? Forex is short for foreign exchange. That is quite far from trading cryptos. Forex involves countries' currency. You need to watch out which currency will likely rise. Economies, policies, current events of countries including the world in general will be kept within monitoring reach. In crypto, watch the situation of a certain alt/crypto, the supply, and so on.

Risk is everywhere in investment. If you want lesser risk, buy bitcoin and hold it. The value will rise.

Trading and mining are all risky, You can take a good profit by being wise on you shareshold. but agaiin all are risky!

You are senior member here and don't know difference between trading and mining?   ::)

Genesis-mining is just another cloud mining service and there is no way to verify that how much real mining power they have and how much they are selling out to their customers. You might have to wait for years to get back what you have invested and you can actually loss all of your investment if mining difficulty increased exponentially or bitcoin price get dumped hardly in future.

The only way you will make a profit with genesis mining is if bitcoin value rises, and even still you would be better off just buying and holding btc. Think about it, if they can make so much by mining, then why would they want to share their profits?

don't waste your time and money on cloud mining. they are never good. even in the old days of real cloud mining such as what cex.io offered, it still wasn't a good investment for mining. the rewards are too tiny.
sometimes making nothing is better than investing and having the stress of getting your money back and getting some profit on it.

There is no difference between that two,both of ways you have stated are risky but trading will give you less risk unlike investing on such company or cloud mining,trading is alot better type of investment to consider.It will also give you bigger profit

When you invest in Genesis Mining or any sort of crypto mining you're willing to risk your capital to contribute hashing power in a mining pool to 'harvest' crypto. People join together and gather their resources in hopes the crypto they capture is going to be worth more in value than the original investment. It's very competitive and yes it is a risk, just like any financial project.

My experience with Genesis-Mining is quite bad. I paid for one of their services and what I got back was quite sad.... Instead of making profit as I first intended to, I was saddened to see that all I got was a few hundred satoshi a day. I am still "mining away" in the cloud, but I have given up. I have not made my money back at all and I am still waiting for the profits to come in the future.

genesis-mining cloud mining, real mining or not iam not understand
but if  cloud mining join must fast and early

but if you have much money is good buy hardware , not join cloud mining
cloud mining BEP is very long time and majority only ponzi scheme

You want good profit but without the risk? Then you are not in luck. To make good profit you must also be willing to risk and lose some money.

If you invest in Genesis Mining you dont get much after getting your investment back. Cloud mining contracts are not that profitable. Thats a fact.

Trading. What can I say, you have to be better at trading than most and be a gambler in some sense to make good profit from it. But the road to be a good trader involves losing money. Sometimes a lot.

I have actually heard about Genesis mining for a while now and they have stand the test of time without lying but the issue is how long will it take for one to ROI as I have equally read quite a number of reviews concerning their services  which has been centred around the longetivity of reaping one's investment as for me, I am staying away from cloud mining no matter the reputation that has been garnered over the years.

https://bitcointalk.org/index.php?topic=1185909.0

Read this - cloud mining operations aren't worth the risk at all imho. No verification of hardware, no liability if your funds get stolen / site goes down and the long list of other factor

Bitcoin mining now a days is regularly displayed as an extremely gainful and simple approach to win bitcoins by advertisers however tragically they don't recount the full tale about it. To state it in a matter of seconds it isn't as productive and appealing as it appears. Beginning mining is clearly genuine yet it doesn't present to you the measure of benefit they guarantee. Then again exchanging and distributed credits are great things to ponder about and put your bitcoins into. These methods for contributing your bitcoins are certain to get you benefit and for the most part are sans trick.

Cloud mining is very risky. If i were you if you want to make a good profit without risk, you should join to a signature campaigns or invest in a ico, it is more safe rather than investing in cloud mining that are not trustworthy, because ico is known as classified investment site.