Genesis Mining is not a scam, they are legit company and actually provide cloud hash.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
Nice analogy there  A little addition to your post: My SHA-256 "life-long" contract, which I bought in November, only made a shocking ~15% revenue (-85% profit) before the income from that contract explosively decreased into nothing, due to difficulty rises. How SHIT is that.... Buying a SHA-256 contract from genesis-mining is basically suicide due to the high cost per hash, and your contract is mostly to live for only 2-4 months before it's not profitable and they cut you off. Their X-11 and Eth contracts at least have a chance of breaking even, maybe make some decent profit. But whatever you do, don't buy the SHA-256 contracts; you may as well give away your bitcoins to a stranger. Why risk your investment just to break even in ETH or X11 coins? Simply buy those coins now and wait for the price to go up to earn some profit. I can guaratee if you buy ETH or DASH now, both these coins will jump up at least once in these next 12 months for you to make some profit. Buying Genesis is suicide I fail to understand how they still manage to find noobs to finance their shit products. |
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I think I figured out why Factom's rising price channel appeared to break... it might'a been hyperbolic, in which case it would now look a little bit like this:  It goes sideways cause Factom market s been heavily influenced by ping pong bots. Once it breaks out and traps their funds, we might expect some progress. |
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Genesis Mining is not a scam, they are legit company and actually provide cloud hash.
HOWEVER, the main problem is that their products are SHIT. They are overpriced and limited in time so you simply cannot make money with them.
It s like if you want a Coke and somebody sells you a Coke at 5x higher price then it should be and at the same time the bottle s leaking. It is still a Coke but it s also piece of shit product.
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last 1 1/2 years $ value per DMD show me another high POS (25% or more) with a similar performace a clear sign that the coinrolloutplan of DMD with constant decreasing inflation is the best path to have a high value stability with upwards pricetrend  This is why DMD Diamond s so easy to promote. No need for anything else but to show past performance data and that is all. The proof s there. |
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Same problem, no payment and messed up stats.
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I dont like to see this constant volatility. It attracts only scammers and speculators. I would expect it to become less obvious during 2016, especially in case market cap increases significantly.
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Updated Diamond blockchain has been maintained at CryptoChainer.com. Download it, and get your wallet in almost instant sync. Check it out!. Nice, thx for adding DMD to the website. |
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DMD Diamond, a PoS coin with 25% annual interest which s been around for over 2.5 years. Not a single person has ever been scammed and it has brought me nothing but profits.
The link is under my avatar.
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Hello again,
good to see stable fct/dollar price, but we all know how big is this project.
Personally I think trip to China will double FCT price and community very soon, from that point FCT go up with real support,
not just Polo "manipulation". This is very early stage of FCT and Factoids distribution.
Mr Paul Snow, nice to see u on bct!
I would personally like to see Factom moving to another US/EU exchange which does not allow bot manipulation. I guess that ll come with time as well. |
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We ve been thinking to start another round of promotion, probably sponsored piece on cointelegraph.com
This would be funded partially from community contribution.
If any of you s got any alternative ideas regarding promotion, please do let us know.
As it seems now, DMD Diamond has been the only PoS coin I hold and know of which has not faced any price decline in the last couple of months, following Cryptsy crash. That speaks a lot about how great this community and DMD is.
Let us keep working together.
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compared to a year ago DMD has doubled in price, $ vise and in that time frame people enjoyed 50% POS so in fact they almost quadrupled the value of their investment 16.02.2015 100 DMD = 15$ 16.02.2016 they did become 150 DMD by POS = 48$ 15$ -> 48$ = 320% value gain in one year!  |
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compared to a year ago DMD has doubled in price, $ vise and in that time frame people enjoyed 50% POS so in fact they almost quadrupled the value of their investment 16.02.2015 100 DMD = 15$ 16.02.2016 they did become 150 DMD by POS = 48$ 15$ -> 48$ = 320% value gain in one year! |
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Stay away from any cloud mining, I lost over 2 bitcoins in the past. In my opinion, gambling away Bitcoin is better at least you have done fun.
If the difficulty does not rise, or just rise 2% every month, then the cloud mining is profitable for us. The diff does not rise 2% every month, it rises 20% every month. So how this can be profitable? |
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Why does not work the Factom WEB GUI wallet? I checking the balance through the Factom Explorer normally displays a balance, on Factom WEB GUI wallet all the zeros (zero balance). When normally be able to do this wallet? Developers respond normally when the fix the problem  !!! How now to send factoids on the exchange with a paper wallet You really need to learn to control your posts dude. Since you re one of the biggest Factom holders, creating FUD only hurts your own interests. DO you really think people desire to buy more Factoids after this post of yours? |
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The first line of the first post here says clearly - No New Spots!.
You people need to find some time to read.
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@crazyivan
Then they wouldn't make as much profit....they are a business you know they can't just offer products for user profit and not themselves.
@jadelfake
That's not the point of cloud mining. It's for people that can't run a mine of gpus themselves. Why are you still debating mining yourself vs cloud mining at this point? Obv it can be more profitable to do yourself if you have the resources.
They would make even more profit. Cause people would actually BUY Ether hash cause they would have an opportunity to make money, this way, I seriously doubt it. After 18 months, they get all these rigs for them to mine, sell, whatever. Better conditions generate more sales which in end results in more profits. Especially having in mind the fact they need to fight GM. |
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Yes, Eobot s useless, no ROI there. Fortunately, you ve spent only $11. There s no money in cloud mining anymore.
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I agree 100% with the OP. Storing achieves nothing. If we all store coins, there will be no crypto acceptance, there will be no innovations and new services.
Dont store, use them, INVEST them, trade them, anything but store. Only those who dare to act will be rewarded.
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I don't have big and long term plans, I just do my daily job and get some bitcoin as profit and also working on my blogging. I got a resolution of not spending any bitcoins. This may be considered as my plan of becoming rich with bitcoins.
Why dont you have a plan? Why dont you get involved more seriously? |
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Patience my friends. After 7 years, we re still in crypto infancy phase. Nothing s going to make you rich in 2 weeks time, unless you already own 1k BTC.
So gather as much crypto as possible, promote it and stop thinking about dates.
Crypto will outlive all of us, that s for sure.
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