I ll repeat the question which I asked 2 weeks ago: IS THERE ANY SINGLE GENESIS MINING USER WHO HAS REACHED ROI? At least 1? Anyone? Anywhere?
I guess not. If this is the case, this whole thread about what they introduce or what you guys mine is pointless cause none of use is here to send them money unless you enjoy losing money. Go find something else more profitable cause using Genesis Mining benefits ONLY Genesis Mining.
Prove me wrong.
Ask again in Feb-March time which is when GM started selling contracts I believe. You can ask me in the middle of May. Dude, there is NO WAY you can reach ROI from purchased hash. I understand you give your best to promote that discount code they gave you but this is not what I was talking about, I was talking about hash purchased directly from Genesis Mining. If things are going so well for you, show me your calculation, what ROI have you received so far, when did you buy your hash and at what price? If I am wrong, I will apologize but there is simply NO WAY anyone can make money of Genesis Mining cloud hashing service ATM.
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At least double by the end of this year.
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So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.
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What is current daily payout per hashlet? In other words, what is expected ROI, is it profitable to get this?
Here are the current rates. Maintenance fee can be as much as 50% for pools other than ZenPool, so keep that in mind. I presume none of admins of these pools has ever identified these hashlets mining at their pools?
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What is current daily payout per hashlet? In other words, what is expected ROI, is it profitable to get this?
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I ll repeat the question which I asked 2 weeks ago: IS THERE ANY SINGLE GENESIS MINING USER WHO HAS REACHED ROI? At least 1? Anyone? Anywhere?
I guess not. If this is the case, this whole thread about what they introduce or what you guys mine is pointless cause none of use is here to send them money unless you enjoy losing money. Go find something else more profitable cause using Genesis Mining benefits ONLY Genesis Mining.
Prove me wrong.
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The price is more like $850. Great service though. Should be getting a bit more LTC then last week too. Difficulty has been in the 27500 area instead of 28500
Yup and this anniversary discount is till available.
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Next ltcgear payout should be tomorrow. They still offer 160mhs for just over $800 but I think this anniversary offer ends soon.
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You doom theorists really bore me big time. Every time I visit this forum I find the same people talking about the same things, over and over and OVER again. Grinder, first you say: They haven't actually set any limits, they just say they have. Then u say: What kind of real business would limit the amount of money they can get from their clients, and why? . You are constantly trying to invent some kind of reason why BT is going to fail, since you cant find a definitive proof, you get creative. Little bit consistency in your posts would be very nice. Anyway, I am done, I will not be posting about BT anymore, there are other things to discuss in this forum. Good luck.
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Thanks crazyivan, good to know they have thought about it and set limits. I haven't seen that on their site but if you notice it again could you post it here. Cheers.
They haven't actually set any limits, they just say they have. Of course, even if they give you a number they would make sure it's not possible to check if it has been reached. It's like this audit, the only thing that has verifiably happened so far is that they've avoided paying you for one day and managed to convince you it's a good thing. Ok, if is the case, why would they put $50 000 cap on each individual account. What possible explanation can you provide for this cap, what kind of ponzi would actually limit the amount of money they can get from their clients and why?
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Either we get results or none of us can log back into our accounts lol.... If the results are good though, I think I might invest much more into this. Technically, if BT really is legit, we could quit are day jobs if we bought enough shares. Whether its legit or not remains an elusive question, although those with infinite knowledge attest to the contrary. Im def leaning towards legit though. Only time will tell.
I'm, also, leaning toward legit. I have no proof either way, and perhaps it's simply wishful thinking, but I'm leaning toward legit. And ya, if the report comes back favourable, then there will be a lot of people investing and quitting their day-jobs. I think the current business model as it is is legitimate (through reading various things about the company). My problem lies in something bigger: they don't state that there is a cap of the money people -- as a whole -- can invest. Why is this a problem? Arbing isn't infinite. It's easier to boost $100 by 10% on an opportunity than it'd be $10m, simply because of volume. The more money people invest, the less the return is going to be and the less each person will earn as a result. Not true, several times they ve stated they would stop accepting deposits at a certain point. Last time I saw this info, they ve stated they ve received about 72% of their capacity. However, take into account the fact that some people do not reinvest but once their shares mature they simply withdraw and leave. Not sure about the current % but I am sure they ll tell you if you ask them.
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They used to sell their fpgas over ebay so I am sure lots of people have their address, think they are located in Holland. Also, they used to have a program where people could trade in these fpga chips for cloud shares so people used to sent back these chips to them. Again, I am sure these people have their address too. The admin is quite active on litecointalk forum, not sure if he visits bitcointalk. Finally, they have been online for almost 13 months, this adds up to their credibility.
Thanks I checked out the thread on litecointalk, this cheared me up, he regularly gives updates and so on.. Seems to be a nice guy. Yup, he seems to be a great guy, responds to PMs and support questions, really good stuff.
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Bitvisitor s got ABSOLUTELY terrible client support. I tried to use them once, set up my ad and made a mistake, sent the wrong amount so the ad was not published. After that I tried to contact them 7 times, sent them 7 emails. No response at all. They just stole my BTC. Do not use these scammers.
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This looks really interesting but the website is very sparse and almost incomprehensible.. My thoughts exactly when I saw the website for the first time. However, they produce a great ROI, this things really works so I can live with the lack of their designing skills. Let me know if you have any questions or need help regarding ltcgear.
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I bought another anniversary discount package, good stuff, next payment in 4 days, Saturday, September 6th.
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There s no way to reach ROI with this KNC cloud mining offer. Real do not understand who buys this? Guess people who flunked math in elementary school.
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The latest info from their Facebook page:
"The process for the proof of solvency will be started tomorrow and the non-trading day will be on Thursday 4 September 2014. Results will be posted as soon as we receive them. Thank you all for your patience."
So the audit results should be available soon. Lets see what are they going to produce.
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If not, fine again, find something which is 100% safe and please do let me know so I can invest as well.
I don't want risk free, I just want a positive expected return. For ponzies the expected return is negative, particularly this late in the game. I respect you opinion. Whoever shares your opinion, please do not invest. HOWEVER, I do not share it, time will tell if I was wrong. That is my whole point.
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If you want anyone to believe you "just use them", and are not promoting them and recruiting victims for this ponzi, then remove the referral from your sig.
Sorry, after naming me "cancer" and "idiot", you ask me to do something just so you can believe me? I really do not care what you believe, you are an obvious asshole and a total moron and have no intention discussing anything with you. Touche.
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crazyivan, how do u explain they made that Panama company just 3 weeks ago after people started to ask questions ? does that mean they operated illegally ? i guess answer is yes ... ... and we all know a Panama company dosent really mean anything ... costs u a few hundred bucks to register one ...
Fully agree with you. Their registration was probably non existent before and they went through with it recently. On the other hand, do you really think dicebitco.in from your signature is registered somewhere? If dicebitco.in goes down with your money for example, who are you going to complain? Right, absolutely nobody. Mt.gox. was registered company and look what happened to people having money there. Nobody can help them now. Do not forget we are talking about BTC industry which is unregulated and decentralized per se. This all means people need to be very careful where they invest their money. In my numerous previous posts I have stated people who are risk averse should stay away from Bitcoin in general, including any kind of BTC related investments or businesses. It is simple as that. Asking some kind of solid assurance in an unregulated world is next to impossible. Another thing, I have noticed people considering me as being their representative or connected to them in some other way. Let me be crystal clear on this topic. I JUST use them, I have invested my own money in it and I have no connection to this website of any kind. They have a list of official representatives on their website and I am not one of them. At least 50 times in this thread I have stated this is a potentially risky investment. I have also stated 50 times I cannot be responsible for investment decision of other people. If you like it, fine, use it. If not, fine again, find something which is 100% safe and please do let me know so I can invest as well.
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