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Author Topic: Is genesis-mining.com good?!  (Read 1505 times)
yubsep
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February 25, 2016, 04:45:34 PM
 #1

Hey,
I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...

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February 25, 2016, 05:08:46 PM
 #2

Hey,
I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...


I  believe so they have a huge advertising on facebook and always seeing them on my feeds,all their data base and investors feedback they are very transparent and investing on them is very profitable but of course always invest at your own risk

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February 25, 2016, 06:14:00 PM
 #3

Hey,
I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...


I  believe so they have a huge advertising on facebook and always seeing them on my feeds,all their data base and investors feedback they are very transparent and investing on them is very profitable but of course always invest at your own risk

They´re not transparent enough to disclose mining addresses, verify that the hash sold matches that mining so buyer beware - I guess.

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February 25, 2016, 08:19:40 PM
 #4

No, clound mining isn't profitable. You must wait a long time to earn your investiment back (if you will receive it...). Don't waste your money with it.

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February 25, 2016, 08:44:31 PM
 #5

Whatever they are they are all a HYIP  if they dont show up proof that they are mining.At the moment Hashnet is legit service provided by bitmain family.

Also founded out something for you.Please do read before investing :- http://www.cloudminingreviews.com/genesis-mining/

Read up the comments .All of them are common and stick to the point that they do pay but whatever they pay are not up to mark to get ROI in short time which will eventually make you feel like being scammed in middle of it.

Choice is yours. Smiley

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February 26, 2016, 02:53:19 AM
 #6

Hey,
I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...

I suggest to don't buy hash in genesis mining they don't pay for your mine.. Actually there's no trusted cloud mining now a days.
They are all scam and i think its better to stay away from them..
If you want to make profit with your bitcoin i suggest to try trading but you must study it first before you start trading.. You can make lots of profit if you great in prediction..

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February 26, 2016, 03:10:17 AM
 #7

I too want to invest in genesis mining. but have lack of funds. Thanks all your feedback i might just dont invest there.

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February 26, 2016, 08:58:27 AM
 #8

I think it is very good because they have know leader and known places and registered company

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February 26, 2016, 11:14:30 AM
 #9

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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February 26, 2016, 12:08:13 PM
 #10

Even genesis mining is not a scam of can't still make a profit i consider it as scam.. Why they offer it to investors if we can't make a profit?.
So it mean's All of this service are scheme they plan it first. before they held.. So another piece of scammers...

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February 26, 2016, 12:14:55 PM
 #11

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  Cheesy

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.
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February 26, 2016, 01:54:11 PM
 #12

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  Cheesy

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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February 27, 2016, 08:09:58 AM
 #13

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  Cheesy

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.

i agree that buying Genesis is suicide, simply because they made excuse about providing the legitimate evidence of mining hardware, and not the exit strategy. you know, if you go inside the ponzi, you won't be able to get back.

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February 27, 2016, 11:02:31 AM
 #14

i agree that buying Genesis is suicide, simply because they made excuse about providing the legitimate evidence of mining hardware, and not the exit strategy. you know, if you go inside the ponzi, you won't be able to get back.

Genesis mining is most likely not ponzi however they are selling non profitable mining contract for sure. I wouldnt say it is not profittable because after many years you are definitely going to get your ROI under the term that they are not cutting off your contract by using lame excuses however waiting for years just to get ROI is definitely not a good investment


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February 27, 2016, 06:44:34 PM
 #15

Well if you buy hash there prepare for a big loss.
It's way better to donate your money to some charity before investing with them. They will take your money and will give your nothing in return.
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February 27, 2016, 08:25:14 PM
 #16

Well if you buy hash there prepare for a big loss.
It's way better to donate your money to some charity before investing with them. They will take your money and will give your nothing in return.

Yeah i've bought a contract there a year ago and it did not give me any profit whatsoever.
In fact they screwed me and many other scrypt clients over by cheating with elecricity prices.
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February 27, 2016, 08:25:59 PM
 #17

Hey,
I need to know.. Is genesis-mining.com good for mining bitcoin?
and How can i calculate my daily profit if i want to mine 1TH with genesis-mining?
Regards...


No, it is not a good investment. It'll take you around 2-3 years to get your ROI back, not worth it.
yubsep
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April 02, 2016, 04:12:25 AM
 #18

Yes.. I researched again and most of people didn't earn much because the difficulty increasing...
Thanks for interesting...

No, clound mining isn't profitable. You must wait a long time to earn your investiment back (if you will receive it...). Don't waste your money with it.

yubsep
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April 02, 2016, 04:16:06 AM
 #19

You are right.. I read it...
Thanks for interesting...

I suggest to don't buy hash in genesis mining they don't pay for your mine.. Actually there's no trusted cloud mining now a days.
They are all scam and i think its better to stay away from them..
If you want to make profit with your bitcoin i suggest to try trading but you must study it first before you start trading.. You can make lots of profit if you great in prediction..

yubsep
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April 02, 2016, 04:30:58 AM
 #20

Right.. After researching the SHA-256 contract not good profitable at all...
Thanks for interesting...

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.

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