Will genesis mining be profitable after halving?

[coin_gambler]

so i was thinking about putting some money into genesis mining though i had this one question:

when the halving happens will it still be profitable to mine with it? for example if i invest in it now and buy 2 TH/s mining power and get 3 dollars a day right now, will i get 1.5 dollars a day only after the halving?

[Posum578]

I think no one know about value dollar, if now you get $3/day after halving maybe you can get over it as bitcoin price increase or below it if bitcoin price decrease
But the exactly what you can know, if you get BTC0.1/day after halving you will only get BTC0.05/day Yes its true if bitcoin mining difficult not increase too

[odolvlobo]

so i was thinking about putting some money into genesis mining though i had this one question:

when the halving happens will it still be profitable to mine with it? for example if i invest in it now and buy 2 TH/s mining power and get 3 dollars a day right now, will i get 1.5 dollars a day only after the halving?

Do the math.

1. The number of bitcoins you earn will be cut in half.
2. The maintenance fee will not change.
3. The difficulty will drop perhaps 20%.
4. The price is unpredictable.

[JITENDERPAR]

I suggest you to stay away From Bitcoin mining sites, because the amount of Mining Bitcoins is half after halving. And now all the Bitcoin mining sites are Scamming people.... So Stay away from all Mining sites....

[yhansky]

I suggest you to stay away From Bitcoin mining sites, because the amount of Mining Bitcoins is half after halving. And now all the Bitcoin mining sites are Scamming people.... So Stay away from all Mining sites....

Yes youre right bitcoin halving makes mining sites turn into scam..so better to stay away never get involved with this mining sites,and the reason is some of them will collect some btc before going ofline in preparation of halving

[Sled]

It depends on the price for me because if the price will go higher and higher then even you mine half amount than what you can mine before it will be still profitable but if the price will not adjust to make the mining still profitable then you should not invest on mining because it's just a waste of time. If you ask me i suggest you to mine other coins if you like mining that much.

[jhenfelipe]

It depends on the price for me because if the price will go higher and higher then even you mine half amount than what you can mine before it will be still profitable but if the price will not adjust to make the mining still profitable then you should not invest on mining because it's just a waste of time. If you ask me i suggest you to mine other coins if you like mining that much.

I agree that it depends on the price of bitcoin after halving so I think it's better if you wait for it so you'll know if it will be profitable or not. Since halving is coming and no one knows what will really happen aside from bitcoin will be cut in half, I suggest you to not invest your bitcoins yet but rather save it. That's the safest way to do as of now because even if genesis mining seems to be legit now, we don't know if they will stay or turn to be scam sooner or later.

[Herbert2020]

it is already very hard to make any prediction about bitcoin and when it comes to mining this gets even harder, and worst of all is saying anything about cloudmining where you can't really tell because they are for one unprofitable and that is only if they are legit and not a ponzi scheme, and even legit ones with real hashpower turn into ponzi when they stop being profitable for the owners.

[odolvlobo]

It depends on the price for me because if the price will go higher and higher then even you mine half amount than what you can mine before it will be still profitable but if the price will not adjust to make the mining still profitable then you should not invest on mining because it's just a waste of time. If you ask me i suggest you to mine other coins if you like mining that much.

It's not that simple. If the price rises, then so will the difficulty, and then you will earn fewer bitcoins at the higher price. In theory, the price is not a factor.

[xht]

I suggest you to stay away From Bitcoin mining sites, because the amount of Mining Bitcoins is half after halving. And now all the Bitcoin mining sites are Scamming people.... So Stay away from all Mining sites....

No it will not happen if you know that the place you put the money to invest in the mining sites if they are actually running their businesses like genesis mining is one of the trustworthy sites.

[hasiramasenju]

I suggest you to stay away From Bitcoin mining sites, because the amount of Mining Bitcoins is half after halving. And now all the Bitcoin mining sites are Scamming people.... So Stay away from all Mining sites....

No it will not happen if you know that the place you put the money to invest in the mining sites if they are actually running their businesses like genesis mining is one of the trustworthy sites.

are you sure they will not scam us because last time people said hashocean are trustworthy cloud mining sites but in the fact they were gone now however for me currently mining aren't profitable any longer especially after halving i think may be they will cut out profit users became a half

[DoublerHunter]

I suggest you to stay away From Bitcoin mining sites, because the amount of Mining Bitcoins is half after halving. And now all the Bitcoin mining sites are Scamming people.... So Stay away from all Mining sites....

No it will not happen if you know that the place you put the money to invest in the mining sites if they are actually running their businesses like genesis mining is one of the trustworthy sites.

are you sure they will not scam us because last time people said hashocean are trustworthy cloud mining sites but in the fact they were gone now however for me currently mining aren't profitable any longer especially after halving i think may be they will cut out profit users became a half

Yeah that's right even the top cloud mining sites is still tempt to turn to scam and ran away the investors bitcoins.
I think i doubt that on what you said that mining aren't profitable anymore because you can see that the price is rising and helping the miners to make the mining still profitable even though the block reward will be half and the mining difficulty will increase.

[Esdanit]

It depends on the difficulty rise. If the difficulty rises 1% each 14 days, it is possible to make some profit. otherwise, not profitable.

[xht]

I suggest you to stay away From Bitcoin mining sites, because the amount of Mining Bitcoins is half after halving. And now all the Bitcoin mining sites are Scamming people.... So Stay away from all Mining sites....

No it will not happen if you know that the place you put the money to invest in the mining sites if they are actually running their businesses like genesis mining is one of the trustworthy sites.

are you sure they will not scam us because last time people said hashocean are trustworthy cloud mining sites but in the fact they were gone now however for me currently mining aren't profitable any longer especially after halving i think may be they will cut out profit users became a half

Not too sure but if we invest in the genesis it's much safer because they can provide evidence of their mining. it's different if you invest in hashocean they only say you can get fast ROI when you invest your money on them.

[Digitalbitcoin]

Friends,

If we think very positively about bitcoin mining and conditions already happened, mining is completely different thing but price of bitcoins in current exchange market is highly important.

As we already seen two halvings as of 2008 to 2012 with 50 BTC reward for block then 2012 to 2016 with 25 BTC reward for block and after then 2016 to 2020 price for each mined block will be 12.5BTC but think if price of Bitcoins rise up there will net profit can be count in local currency with ROI.

And as predictions price of bitcoin will bump upto $10000 till 2020.

Think for mining at that level.

[BitcoinSupremo]

Friends,

If we think very positively about bitcoin mining and conditions already happened, mining is completely different thing but price of bitcoins in current exchange market is highly important.

As we already seen two halvings as of 2008 to 2012 with 50 BTC reward for block then 2012 to 2016 with 25 BTC reward for block and after then 2016 to 2020 price for each mined block will be 12.5BTC but think if price of Bitcoins rise up there will net profit can be count in local currency with ROI.

And as predictions price of bitcoin will bump upto $10000 till 2020.

Think for mining at that level.

A very optimistic prediction indeed for the mining at bitcoin price of 10.000 USD per coin till 2020. That would be extremely wonderful to achieve the price of 10.000 USD per bitcoin as people holding more than 5 bitcoin will be with a nice decent amount of money for any country like 50.000 USD. But this is unlikely to happen until 2020 I am afraid but no one stops us from hoping this prediction to come true. Mining would be great back then.

Now back on topic, I have warned several times against Genesis-Mining. No one has made ROI with them and they don't mention to you any ROI in the contract they are selling. They turned off X11 scrypt mining when it was heavily profitable a few months ago. They will shut down your miner if difficulty increase. If you had bought a lifetime contract, you have lost money, if not then you would have not made ROI still. Do I need to add more that Genesis-Mining was not profitable before halving and it will be not after the halving.

[ultrloa]

Friends,

If we think very positively about bitcoin mining and conditions already happened, mining is completely different thing but price of bitcoins in current exchange market is highly important.

As we already seen two halvings as of 2008 to 2012 with 50 BTC reward for block then 2012 to 2016 with 25 BTC reward for block and after then 2016 to 2020 price for each mined block will be 12.5BTC but think if price of Bitcoins rise up there will net profit can be count in local currency with ROI.

And as predictions price of bitcoin will bump upto $10000 till 2020.

Think for mining at that level.

A very optimistic prediction indeed for the mining at bitcoin price of 10.000 USD per coin till 2020. That would be extremely wonderful to achieve the price of 10.000 USD per bitcoin as people holding more than 5 bitcoin will be with a nice decent amount of money for any country like 50.000 USD. But this is unlikely to happen until 2020 I am afraid but no one stops us from hoping this prediction to come true. Mining would be great back then.

Now back on topic, I have warned several times against Genesis-Mining. No one has made ROI with them and they don't mention to you any ROI in the contract they are selling. They turned off X11 scrypt mining when it was heavily profitable a few months ago. They will shut down your miner if difficulty increase. If you had bought a lifetime contract, you have lost money, if not then you would have not made ROI still. Do I need to add more that Genesis-Mining was not profitable before halving and it will be not after the halving.

Genisis mining had many issue and when you post your problem to their fb suddenly they will delete it and doesnt answer problems inquiry to their costumer, thats why we should not invest in mining because for the fact that difficulty of blocks is even more higher and that says it not more profitable for them to opperate for more years thats the main reason they join ponzi scheme now.

So by that genisis-mining well be dead anytime soon.

[crazyivan]

Genesis Mining has NEVER EVER been profitable. I have not been able to find a SINGLE person EVER reaching ROI with them.

So pls, do your calculations the right way and stay away from financing their farms.

[TastyChillySauce00]

even without halving you'll get super low profit unless you're such as early investor which already got ROI after waiting few months,for newcomer there's no chance just wasting your money,time and effort,better allocate it on other potential thing

[sorryforthat]

Genesis Mining has NEVER EVER been profitable. I have not been able to find a SINGLE person EVER reaching ROI with them.

So pls, do your calculations the right way and stay away from financing their farms.

Never every huh? Well consider me the first single person to tell you that I have been able to reach ROI and have looked at about a 120% yearly return at the highest with them. My ETH year contract has been a pretty nice success for me.