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Author Topic: Scam alert : Do NOT INVEST in Genesis Mining  (Read 211134 times)
legendbtc
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October 06, 2017, 11:17:43 AM
 #601

I've been with Genesis starting January, the missing payouts have been made up and paid, from what I can tell they are up to date, my strategy has been to invest and take only a little payout and reinvest the rest.  I think some people on this site that complain invest just a little and then don't get payout everyday and i think that is a mistake Genesis makes when making contracts available for just a few hundred $, it takes tens of thousands to get started and then one must reinvest perhaps 80% to keep the income coming.

It is just a terrible investment, because you never get your money back, not even in 3 years. The better way is just to buy the coins you want to mine. If someone is serious about mining, he should build / buy an own mining rig. Like I said, I don't trust Genesis sending me ALL mined coins. The amount of coins I got, looked a little bit small for the mining power I own.

I think many people don't have any good opinion about Genesis mining but people who have hope are getting paid from Genesis Mining. I think it depends on them because they need to plan the investment wisely. It will take a lot of time to get returns on the investment.

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October 06, 2017, 11:23:25 AM
 #602

I've been with Genesis starting January, the missing payouts have been made up and paid, from what I can tell they are up to date, my strategy has been to invest and take only a little payout and reinvest the rest.  I think some people on this site that complain invest just a little and then don't get payout everyday and i think that is a mistake Genesis makes when making contracts available for just a few hundred $, it takes tens of thousands to get started and then one must reinvest perhaps 80% to keep the income coming.

It is just a terrible investment, because you never get your money back, not even in 3 years. The better way is just to buy the coins you want to mine. If someone is serious about mining, he should build / buy an own mining rig. Like I said, I don't trust Genesis sending me ALL mined coins. The amount of coins I got, looked a little bit small for the mining power I own.

I think many people don't have any good opinion about Genesis mining but people who have hope are getting paid from Genesis Mining. I think it depends on them because they need to plan the investment wisely. It will take a lot of time to get returns on the investment.

Like I said, I get paid. That is not the problem. But I feel I don't get ALL mined coins ... + I would be better off, when I would just buy the actual coins I wanted to mine. The point is ... people that want to be "part" of that ... should just buy the coins, instead of using cloud mining. People that are actually serious about mining, will buy the hardware anyways.
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October 06, 2017, 11:37:25 AM
 #603

If Mining were profitable then they would mine for their own benefit. That's why they don't.

Since new hardware is consistently making older hardware obsolete at a faster and faster rate and everyone is jumping on the mining band wagon increasing the coin's net hashrate thus increasing the difficulty thus decreasing the payout proffitability. This is why mining contracts are born.

Equihash is now the new victim of genesis mining. Zcash's net hash for instance used to average around 275-330 mh/s for the past 3 months or so, now in the last week it is closer to 475-550mh/s, almost doubling the nethash rate and effectively halving the profitability through increased difficulty, thanks to Nvidia pumping out sub par 1060 3gb mining cards to genesis mining.

Genesis mining would not be profitable mining at these hashrates as their ROI will probably be 1+ year with the current hardware/ hash rate/ and price of the coin, and as more people jump into mining that will most likely get worse if the price doesn't jump up, and the hype is dying down so it most likely will not. so what to do? Sell contracts. Make profit at someone else's risk.

Morons buy contracts. The world is full of morons.

Its far more profitable to just buy what coins you want when you want them with real cash. Even High Risk HYIP, pyramid scams are better than mining contracts. Especially when you start a Youtube channel promoting them with a link to your "team affiliate link".

proof of stake really looks like the future of coin feasibility and profitability.

Enter hate response below  Wink

I don't think is fair or polite to call people who invest in such contracts " morons " especially if they admit they know the risk they take same as i did.
I mostly did this as an experiment not only for me but also for the forum and for my friends and report the looses / winnings every month or so.

By the way , small update more than 36 hours passed now after i brought the 2 contracts and no payout yet !


First of all without Bitcoin altcoins would struggle to survive. Recently if BTC goes down altcoins follow.

If you decided to pay with credit card you will wait about 30 days for the first payout which will be accumulated on your account. Also you need to reach minmum threshold(please see it below) and that is because of network fees to make your investment more profitable.


BTC 0.0015; DASH 0.001; ETH 0.05; LTC 0.001; XMR 0.4; ZEC 0.00005;

Another very important fact is that without mining(without proof of work) transcations cannot be confirmed so without mining your Bitcoin is useless.
So called "morons" are the ones responsible for sustaining the whole network.

Of course you can mine on your own but to do so you need knowledge, space, time and a lot of luck.

When it comes to ROI it is about 6 months on open ended BTC contracts which are the best option. That is why they are sold out.
They are sold out not only in Genesis Mining but different platforms like Hasflare or Hashing24 don't even offer open ended option anymore.

Last thing i want add to the topic is a little bit of inside info from Genesis Mining VIP assistance service.

"About BTC contracts...
BTC contracts are the hottest topic at the moment. The machines will start mining on the 31st of October, but only the ones purchased through the pre-sale at the beginning of September.
I expect the next BTC contracts to be sold around the end of November. This can very likely be another pre-sale. The demand is much higher than the capacities. The best I can offer you at the moment, is to inform you as soon as I have a confirmed date for another pre-sale. But from my last talks with the heads everything indicates some date in November - very likely the end of November.
Even that this might be another pre-sale we plan and will bring back the BTC contracts sometime and offer them on a daily basis, just like you are used to. But as I said, the demand is huge at the moment and we are still setting up (even building) new mining farms.

Best regards,

Raoul"

I almost forgot specially for the haters my affilitate link again: uQtLeP

Kind regards, ptaq
Razor33
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October 07, 2017, 02:48:37 PM
 #604

Ok guys coming back with a small update as i promised so you can make an idea about Genesis Mining offers.

So my contracts so far witch i brought with my Credit Card using ofc a 3 % reduction code and so what i will mine will be in " pending for next 32 days " are :

1) 2017-10-04 02:07:16   2017-10-04   2019-10-04   25 H/s   equihash   USD 46.55    Approved
2) 2017-10-04 02:07:16   2017-10-04   2019-10-04   2 MH/s   dagger-hashimoto   USD 58.20   Approved

So far in these two days and half i only received these payments in only one PayOut , and they are in pending visible at " My Orders " only :

equihash ZEC balance of 0.00021313 added to your account on 2017-10-05T12:00:00+00:00
equihash BTC balance of 0.00000535 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto STEEM balance of 0.01592125 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto ETH balance of 0.00016484 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto ETC balance of 0.00151673 added to your account on 2017-10-05T12:00:00+00:00

As you can see i mainly tried to mine ZCASH and ETH but also little of BTC / STEEM / ECT
In my opinion at this right moment seeing i only received 1 very small payout in last 3 days the ROI at the end of these 2 years will not happen unless the cryptocurrency i'm trying to mine will not raise a LOT and i'm saying this also considering the  increase of the difficulty.

Now since i saw some rude replies saying " morons , stupid , ect ect " , i will ask you politely to keep in mind that i did this more for experimental purposes than for making profit.
And thx to people like me (and by burning / gaining yourself) who tried and try to cloud mine on such sites you can actually know if is worth or not , if is a scam or not.
An experiment with can help the community to make a better idea if they should invest or not , and the final idea people can make will be probably at the end of these two years.
As you can see i'm posting here without linking my f****** promo code like some do numerous times so is obvious i do this 1) to introduce myself to this forum and cryptocurrency 2) to help the community sharing my experiences ! (and not tell you how good a site or another is then link my freaking codes / links / referals and make it obvious i only want personal gain and will tell you how good the sites are)
I don't mind if you think this site is a scam or absolutely unprofitable , i respect everyone opinion but by making rude comments and going above that you will only make people think how toxic some users are on bitcointalk and discourage people like me to contribute here on these forums in some way.


Thx for reading and will update you more as soon i have more time Smiley

Raz
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October 07, 2017, 03:03:31 PM
 #605

Ok guys coming back with a small update as i promised so you can make an idea about Genesis Mining offers.

So my contracts so far witch i brought with my Credit Card using ofc a 3 % reduction code and so what i will mine will be in " pending for next 32 days " are :

1) 2017-10-04 02:07:16   2017-10-04   2019-10-04   25 H/s   equihash   USD 46.55    Approved
2) 2017-10-04 02:07:16   2017-10-04   2019-10-04   2 MH/s   dagger-hashimoto   USD 58.20   Approved

So far in these two days and half i only received these payments in only one PayOut , and they are in pending visible at " My Orders " only :

equihash ZEC balance of 0.00021313 added to your account on 2017-10-05T12:00:00+00:00
equihash BTC balance of 0.00000535 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto STEEM balance of 0.01592125 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto ETH balance of 0.00016484 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto ETC balance of 0.00151673 added to your account on 2017-10-05T12:00:00+00:00

As you can see i mainly tried to mine ZCASH and ETH but also little of BTC / STEEM / ECT
In my opinion at this right moment seeing i only received 1 very small payout in last 3 days the ROI at the end of these 2 years will not happen unless the cryptocurrency i'm trying to mine will not raise a LOT and i'm saying this also considering the  increase of the difficulty.

Now since i saw some rude replies saying " morons , stupid , ect ect " , i will ask you politely to keep in mind that i did this more for experimental purposes than for making profit.
And thx to people like me (and by burning / gaining yourself) who tried and try to cloud mine on such sites you can actually know if is worth or not , if is a scam or not.
An experiment with can help the community to make a better idea if they should invest or not , and the final idea people can make will be probably at the end of these two years.
As you can see i'm posting here without linking my f****** promo code like some do numerous times so is obvious i do this 1) to introduce myself to this forum and cryptocurrency 2) to help the community sharing my experiences ! (and not tell you how good a site or another is then link my freaking code and make it obvious i only want personal gain and will tell you how freaking good the site is)
I don't mind if you think this site is a scam or absolutely unprofitable , i respect everyone opinion but by making rude comments and going above that you will only discourage people like me to contribute here on these forums in some way.


Thx for reading and will update you more as soon i have more time Smiley

Raz


First of all, I agree with you, that there is no need to use rude language :-)

But I think you shouldn't have done this experiment, because I think it was enough discussed here, that Genesis mining is just a bad investment (like you already said yourself basically). You won't get your money back, you invested. And IF the price of the coins you mine explode, you will make money ... but in the end also "loose" money in comparison if you just bought the coin directly. It doesn't matter from what angle you look at it ... it is just not a good investment. 
Razor33
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October 07, 2017, 03:12:20 PM
 #606

Ok guys coming back with a small update as i promised so you can make an idea about Genesis Mining offers.

So my contracts so far witch i brought with my Credit Card using ofc a 3 % reduction code and so what i will mine will be in " pending for next 32 days " are :

1) 2017-10-04 02:07:16   2017-10-04   2019-10-04   25 H/s   equihash   USD 46.55    Approved
2) 2017-10-04 02:07:16   2017-10-04   2019-10-04   2 MH/s   dagger-hashimoto   USD 58.20   Approved

So far in these two days and half i only received these payments in only one PayOut , and they are in pending visible at " My Orders " only :

equihash ZEC balance of 0.00021313 added to your account on 2017-10-05T12:00:00+00:00
equihash BTC balance of 0.00000535 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto STEEM balance of 0.01592125 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto ETH balance of 0.00016484 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto ETC balance of 0.00151673 added to your account on 2017-10-05T12:00:00+00:00

As you can see i mainly tried to mine ZCASH and ETH but also little of BTC / STEEM / ECT
In my opinion at this right moment seeing i only received 1 very small payout in last 3 days the ROI at the end of these 2 years will not happen unless the cryptocurrency i'm trying to mine will not raise a LOT and i'm saying this also considering the  increase of the difficulty.

Now since i saw some rude replies saying " morons , stupid , ect ect " , i will ask you politely to keep in mind that i did this more for experimental purposes than for making profit.
And thx to people like me (and by burning / gaining yourself) who tried and try to cloud mine on such sites you can actually know if is worth or not , if is a scam or not.
An experiment with can help the community to make a better idea if they should invest or not , and the final idea people can make will be probably at the end of these two years.
As you can see i'm posting here without linking my f****** promo code like some do numerous times so is obvious i do this 1) to introduce myself to this forum and cryptocurrency 2) to help the community sharing my experiences ! (and not tell you how good a site or another is then link my freaking code and make it obvious i only want personal gain and will tell you how freaking good the site is)
I don't mind if you think this site is a scam or absolutely unprofitable , i respect everyone opinion but by making rude comments and going above that you will only discourage people like me to contribute here on these forums in some way.


Thx for reading and will update you more as soon i have more time Smiley

Raz


First of all, I agree with you, that there is no need to use rude language :-)

But I think you shouldn't have done this experiment, because I think it was enough discussed here, that Genesis mining is just a bad investment (like you already said yourself basically). You won't get your money back, you invested. And IF the price of the coins you mine explode, you will make money ... but in the end also "loose" money in comparison if you just bought the coin directly. It doesn't matter from what angle you look at it ... it is just not a good investment.  

First of all thanks for sharing my thoughts about the rude people.

Second about the bad investment...now what is done is done and.. will prob find out on my own skin bro.
Atm trying with Eobot and GM just with small amounts of money witch i know i can afford to loose so at least if i burn myself will not burn to much Smiley !
You know how they say ! " The best lesson is the one you learn yourself ! "
But since i already made this step will keep doing updates ! After all this thread is to continuously prove how unprofitable or scam this site is ^^


Editing this with a small update since 6 Oct payouts just arrived and i said before what i only received 1 payout for 3 days.
For now seems i was wrong and the payments for previous days are send after / later .

equihash ZEC balance of 0.00021926 added to your account on 2017-10-06T12:00:00+00:00
equihash BTC balance of 0.00000449 added to your account on 2017-10-06T12:00:00+00:00
dagger-hashimoto STEEM balance of 0.01135766 added to your account on 2017-10-06T12:00:00+00:00
dagger-hashimoto ETH balance of 0.00019557 added to your account on 2017-10-06T12:00:00+00:00
dagger-hashimoto ETC balance of 0.00113086 added to your account on 2017-10-06T12:00:00+00:00
dagger-hashimoto BTC balance of 0.0000194 added to your account on 2017-10-06T12:00:00+00:00

equihash ZEC balance of 0.00021313 added to your account on 2017-10-05T12:00:00+00:00
equihash BTC balance of 0.00000535 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto STEEM balance of 0.01592125 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto ETH balance of 0.00016484 added to your account on 2017-10-05T12:00:00+00:00
dagger-hashimoto ETC balance of 0.00151673 added to your account on 2017-10-05T12:00:00+00:00

So far except 4 Oct payout , the day i made the contracts all payouts were received !
I'm not sure what to say however about the very first day when i made the contract.
Maybe the day the contract is made is not included and the contract itself starts the day after ?
If it is i can't see this small detail in the 2 contracts.... however i can clearly read in  " My Orders - End date " is 2019-10-04 (not sure if this day included as well)
mptak123
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October 07, 2017, 06:18:45 PM
 #607

When it comes to what you mine with Genesis Mining it is limited and not only to what kind of contract you have.

When you go to your allocation tab you can see many options but that is not what you can actually mine.
Most of the postitions have "AUTO" in the brackets and this is essential. Positions with "AUTO" in the brackets cannot be mined.
AUTO is just an option of choice you have as currency you will receive to your wallet once you reach minimum threshold or after 30 days with credit card payment.
If you choose to pay for your contract with any avaiable cryptocurrency like BTC, LTC, DASH or DOGECOIN then you will receive your payouts daily straight away.

Coins which can be mined are only the ones without AUTO.

Please see below below few exampels:

With pure Bitcoin mining contract you can mine only BTC and ZET but you can have payouts also in UNO(AUTO), BTCD(AUTO), DASH(AUTO), LTC(AUTO), DOGE(AUTO), ZEC(AUTO). Genesis Mining is just helping users out by giving them bigger choice so they don't have to exchange their coins on exchange.

With pure Zcash mining you can mine only Zcash but you can choose to receive your payout in BTC(AUTO) OR ETH(AUTO)

With pure Ether mining you can mine ETH or ETC but you cn have payouts in BTC(AUTO), ZEC(AUTO), REP(AUTO), STEEM(AUTO)

Also it is much more profitable to rent bigger hash power simply because it is cheaper per GH/S then lower amounts.

Last not least my advice is to wait once BTC contracts will be avaiable again becuase they pay out the best.

Kind regards, ptaq
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October 08, 2017, 03:17:18 AM
 #608

This is why we need to choose wisely on where or what we invest in. Especially now, that bitcoins are becoming very popular world wide, and many people are discovering it’s worth. We don’t want to waste the time, effort and money.

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October 10, 2017, 12:59:47 AM
 #609

Here is my review. Think what ever you want, http://matospereira.com/en/corporative-funds-partners/273-genesis-mining-scam-or-not-review-after-two-years-2015-2017
mptak123
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October 10, 2017, 10:09:12 AM
 #610


We all respect looks like your memory is tricking you ;-)

The reason behind sudden payout drop was probably bitcoin reward halving which is taking place every 4 years.
But the dates you are giving must be wrong. Halving took place 9th of July 2016.

https://www.coindesk.com/live-blog-bitcoin-halving/


Moreover difficulty is adjusted every two weeks:

https://bitcoinwisdom.com/bitcoin/difficulty

Right now upkeep fees on open ended conract not lifetime as you said are ~25% lower then 18 months ago.
Also it is not 20 days but 30 continuous days to stop your contract if upkeep is higher then your mining earnings.
This is crucial because mining diffulty take place every two weeks so in 30 days it is twice in 20 it was just once.

Why this is important? If price drops significantly less people mine and it is taking longer to solve the blocks which are generated on avarage every 10 minutes.
More time let BTC code adjust and lower difficulty to the level on which mining become profitable again.

Please see below helpful sites to understand the trend:
https://blockchain.info/pl/charts/hash-rate
https://coin.dance/nodes

As you see nowdays BTC mining i far more sustainable and is backed up by huge investments into mining farms.

Do you think it is coincidence that contracts are sold out and more and more huge mining farms are growing around the world?

Kind regards, ptaq




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October 11, 2017, 09:43:22 AM
 #611

Yes Marcin. You are right " Halving took place 9th of July 2016". But remember after my last buy of hashpower the bitcoin raise 10 times. I bought hashpower, how can you explain that my hashpower was reduced to 0.

In comparison at the same time I bought exatly the same on hashflare and after two years they keep paying. I could not be an expert in some issues, but I don't like sand in my eyes.

And you are saying that genesis mining is not made for small investors.
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October 11, 2017, 09:51:32 AM
 #612

Genesis has been a joke since day one.

Solitude dissolves division.
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October 11, 2017, 11:11:49 AM
 #613

Yes Marcin. You are right " Halving took place 9th of July 2016". But remember after my last buy of hashpower the bitcoin raise 10 times. I bought hashpower, how can you explain that my hashpower was reduced to 0.

In comparison at the same time I bought exatly the same on hashflare and after two years they keep paying. I could not be an expert in some issues, but I don't like sand in my eyes.

And you are saying that genesis mining is not made for small investors.

Dear Mr Strobs

You need to make up your mind because your information differ a lot.
In the first message you wrote that they stopped paying at the end of 2016 when BTC was around 1000 usd tops.
In the second message you wrote that Bitcoin went up ten times.

You bought it for 250€ so it is way less then ten times to reach 1000 usd. Moreover Bitcoin was for 1000 usd just a week or so because in the middle of January 2017 it was back to 800 usd.

Another thing you did not write at all terms of your contract. We don't know cost per gh/s and upkeep per gh/s which is crucial to say anything.

You wrote that you were upgrading your hash power but each upgrade have separate contract and upkeep went down by 25% in Genesis Mining on their pre sale contracts which start on 31st of October.

My conclusion is that your information is too poor so we cannot give the right answer and you dont even stick to your own data.

Regards, Marcin
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October 11, 2017, 12:21:05 PM
 #614

Hi again

My recommendation is to save your contracts on your own drive.

Genesis Mining is not losing because they still have hardware. Investors don't lose either. I am living example.

I do not recommend to buy small amounts of hashpower because it is more expensive then bigger ones.
Best price level starts at 20 th/s. Anyway even for investors with small money it is still profitable.

Plese see below cost of new contract which will start at 31st of October based on 20 th/s open ended BTC option:

a. 0.129943 USD per GH/s upfront
b. USD 0.00028 per GH/s and day, deducted on a daily basis from the generated Coins

So for 20 th/s we pay 5,6 usd upkeep a day

https://www.cryptocompare.c...

Profit at current price and diffculty should be 21,56 - 5,6= 15,96 usd a day

Initial investment cost us: 0,129943 x 20 000= 2598,86 usd

We will ROI(return of investment) after: 2598,86 / 15,96= 163 days

Starting from 164th day we will start making profit so it is looking very good in my personal opinion.

It is not even half a year as you see. I am taking my risk and so far i am very happy with the results(already 18 months with GM).

If you have any further questions you can also contact me on mptak123@hotmail.com

Kind regards, Marcin
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October 13, 2017, 03:09:17 PM
 #615

Hi again

My recommendation is to save your contracts on your own drive.

Genesis Mining is not losing because they still have hardware. Investors don't lose either. I am living example.

I do not recommend to buy small amounts of hashpower because it is more expensive then bigger ones.
Best price level starts at 20 th/s. Anyway even for investors with small money it is still profitable.

Plese see below cost of new contract which will start at 31st of October based on 20 th/s open ended BTC option:

a. 0.129943 USD per GH/s upfront
b. USD 0.00028 per GH/s and day, deducted on a daily basis from the generated Coins

So for 20 th/s we pay 5,6 usd upkeep a day

https://www.cryptocompare.c...

Profit at current price and diffculty should be 21,56 - 5,6= 15,96 usd a day

Initial investment cost us: 0,129943 x 20 000= 2598,86 usd

We will ROI(return of investment) after: 2598,86 / 15,96= 163 days

Starting from 164th day we will start making profit so it is looking very good in my personal opinion.

It is not even half a year as you see. I am taking my risk and so far i am very happy with the results(already 18 months with GM).

If you have any further questions you can also contact me on mptak123@hotmail.com

Kind regards, Marcin


You are wrong. Because difficulty will increase, so your payout will decrease.

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October 13, 2017, 05:26:47 PM
 #616

Actually i wrote if difficulty and price stay the same.

Moreover price rise faster then difficulty so my payout is higher as well.

At the moment preditcion is the difficulty will drop by over 6% in less then 2 days.

https://bitcoinwisdom.com/bitcoin/difficulty

Since my last post payout went up a lot:

Right now it stands as:

25,63 - 5,6 = 20,03 today

21,56 - 5,6 = 15,96 two days ago

So income rose 20,03 - 15,96 = 4,07 USD

Currently to ROI you need:

2598,86 / 20,03 = ~130 days

Kind regards, Marcin



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October 14, 2017, 08:42:59 AM
 #617

Actually i wrote if difficulty and price stay the same.

Moreover price rise faster then difficulty so my payout is higher as well.

At the moment preditcion is the difficulty will drop by over 6% in less then 2 days.


If you look at the last 3 years, difficulty rise usually faster than price. But you are right for the next difficulty correction.

mptak123
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October 14, 2017, 09:52:21 AM
 #618

Actually i wrote if difficulty and price stay the same.

Moreover price rise faster then difficulty so my payout is higher as well.

At the moment preditcion is the difficulty will drop by over 6% in less then 2 days.


If you look at the last 3 years, difficulty rise usually faster than price. But you are right for the next difficulty correction.

I think talking about 3 years back is pointless.

Currently BTC is way more popular then 3 years ago.
Moreover main adoption started less then 3 years ago and price did skyrocket.

https://coinmarketcap.com/currencies/bitcoin/#charts

In just 1 last year alone BTC went up from around 600 USD to 5600 USD at this point.

As you see right now there is much more confidence in BTC around the world.

It is only hope for some people in countries like Venezuela, North Korea, Zimbabwe or Cuba.
Japan have BTC legalized and you can pay even for your utility bills.

Right now you have even payment cards you can use to spend your BTC which are not really great in my opinion BTW..

As you see 3 years ago and now it is completely different story and there is a lot of room for improvments which are just behind the corner.

I hope you will drop your sceptical speech because without mining there will be no BTC so you should encourage people instead of spreading the fear.
Glucose
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October 15, 2017, 12:31:07 AM
 #619

Actually i wrote if difficulty and price stay the same.

Moreover price rise faster then difficulty so my payout is higher as well.

At the moment preditcion is the difficulty will drop by over 6% in less then 2 days.


If you look at the last 3 years, difficulty rise usually faster than price. But you are right for the next difficulty correction.

I think talking about 3 years back is pointless.

Currently BTC is way more popular then 3 years ago.
Moreover main adoption started less then 3 years ago and price did skyrocket.

https://coinmarketcap.com/currencies/bitcoin/#charts

In just 1 last year alone BTC went up from around 600 USD to 5600 USD at this point.

As you see right now there is much more confidence in BTC around the world.

It is only hope for some people in countries like Venezuela, North Korea, Zimbabwe or Cuba.
Japan have BTC legalized and you can pay even for your utility bills.

Right now you have even payment cards you can use to spend your BTC which are not really great in my opinion BTW..

As you see 3 years ago and now it is completely different story and there is a lot of room for improvments which are just behind the corner.

I hope you will drop your sceptical speech because without mining there will be no BTC so you should encourage people instead of spreading the fear.


Ok. Show us what you paid and show us your returns then if you are so confident.

mptak123
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October 15, 2017, 01:05:09 AM
 #620

Actually i wrote if difficulty and price stay the same.

Moreover price rise faster then difficulty so my payout is higher as well.

At the moment preditcion is the difficulty will drop by over 6% in less then 2 days.


If you look at the last 3 years, difficulty rise usually faster than price. But you are right for the next difficulty correction.

I think talking about 3 years back is pointless.

Currently BTC is way more popular then 3 years ago.
Moreover main adoption started less then 3 years ago and price did skyrocket.

https://coinmarketcap.com/currencies/bitcoin/#charts

In just 1 last year alone BTC went up from around 600 USD to 5600 USD at this point.

As you see right now there is much more confidence in BTC around the world.

It is only hope for some people in countries like Venezuela, North Korea, Zimbabwe or Cuba.
Japan have BTC legalized and you can pay even for your utility bills.

Right now you have even payment cards you can use to spend your BTC which are not really great in my opinion BTW..

As you see 3 years ago and now it is completely different story and there is a lot of room for improvments which are just behind the corner.

I hope you will drop your sceptical speech because without mining there will be no BTC so you should encourage people instead of spreading the fear.


Ok. Show us what you paid and show us your returns then if you are so confident.

As you wish, please see below 5 pictures uploaded as a proof:

https://ibb.co/kpznmG
https://ibb.co/en6p0b
https://ibb.co/n2hjYw
https://ibb.co/kbsjYw
https://ibb.co/j7c7mG

Hope this will be enough because i showed a lot of decent infomation.

Regards, Marcin

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