Will genesis mining be profitable after halving?

[jack1111]

I ask the same question , how they will work after the halving , if their rates now about 120% yearly , it may be 110% after the halving , but they depend on other crypto coin like ETH , whereas most of miners will turn to mining ETH as it is the most profitable coin after Bitcoin .

[Caladonian]

it is difficult to say if they are still profitable as no one can predict what will be the price after halving i guess it is much better for you to find other ways instead of investing in this kind of mining never heard anybody earned from bitcoin mining as i started knowing bitcoin since this year every thread that i have been read only says that mining is no longer profitable so why try, much better trying to investing in trading alts you can control and you don't need to pay any maintenance mate.

[bapparabi]

you can rich roi in any minign company other then ponzy mining scheme like hashocen ..other wise they are not profitable when you rich rio they wil say its no more profitable and clso your account this is all mining compnay issue .

[equator]

I dont think that any cloud mining or mining sites are ever given any profit to the users , even before halving or after halving This all mining sites are scam as they never give any proof of their mining sites or hardware details, so how do you think that they will give you profit when they dont mine itself , they just shuffle the users bitcoins between them and when their target achieves they just vanish or start some bluffing like site got hacked etc etc bla bla.

[janggernaut]

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?

my opinion , nope, because after halving i think btc price would be stable around $650-$700,with that price, i doubt if genesis minning would give you big profit, also, with that price , some of minning sites already become scam, just hope genesis minning dont turned into next scam site.

[shinratensei_]

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

not recommended investing on mining in this time because in the short time the halving will come and this is can decrease your income from mining. as posum578 opinions, if you get $3/day after halving you will get $1,5 only and you will feel a big lost in them. avoid mining at this time, you need to think again about your intention to using mining service.

[xventure]

Using this calculator here: it shows the calculations alloscomp.com/bitcoin/calculator mining with increased difficulty of the blocks and halving. With it you will have a base about how you will win.

[wikenpp]

I doubt any cloud mining operation will be profitable... EVER. They haven't been from the start. The people who were lucky to get paid in ponzi's are just a small minority if you compare if with the people who got scammed.

If there is a cloud mining with a decent chance of profit it's by far not Genesis Mining, With Hashnest you could have a chance, but again it's very slim.

[bapparabi]

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

[Bitcoinsummoner]

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

Yeah i think better to stay away in those cloud mining site it can end up to scam.. just hashocean if you remember many people are scammed by this company.. this is just like the same as old investment schemes before.. they are acting the same as old owner of scrypt.cc

[sorryforthat]

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

Yeah i think better to stay away in those cloud mining site it can end up to scam.. just hashocean if you remember many people are scammed by this company.. this is just like the same as old investment schemes before.. they are acting the same as old owner of scrypt.cc

I dont think you really understand the difference between Genesis Mining and the other two you mentioned. They are far from anything alike.

[JarBinks]

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

Yeah i think better to stay away in those cloud mining site it can end up to scam.. just hashocean if you remember many people are scammed by this company.. this is just like the same as old investment schemes before.. they are acting the same as old owner of scrypt.cc

I dont think you really understand the difference between Genesis Mining and the other two you mentioned. They are far from anything alike.

If you don't mind, What is the difference?

[sorryforthat]

after halving many cloud company will crash ..so not sure how this will work if price increase then may be it will stat otehr wise all will go down ..waiting for halving to see the situation

Yeah i think better to stay away in those cloud mining site it can end up to scam.. just hashocean if you remember many people are scammed by this company.. this is just like the same as old investment schemes before.. they are acting the same as old owner of scrypt.cc

I dont think you really understand the difference between Genesis Mining and the other two you mentioned. They are far from anything alike.

If you don't mind, What is the difference?

For starters, they have proved through pictures and video interviews that their equipment exists, not to mention publicly mentioning where their mining operations are held (even have live streams of their mines). They have taken part in numerous important bitcoin functions and conferences and made their appearance known by have a fully transparent team. I can go more in depth if needed but its terrible to compare them to sites that have brought nothing but problems from the start and have been ruled as scams before they really took off.

[Luzio]

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.

This. And yes I speak from experience. Even though it was a small amount to try them out, it was a loss after a year. Do not invest in Genesis Mining, it's for your own good.

[ultrloa]

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.

This. And yes I speak from experience. Even though it was a small amount to try them out, it was a loss after a year. Do not invest in Genesis Mining, it's for your own good.

They are giving so much low roi and not advisable to invest because we cannot really gaurantee that we can earn in their site, and  i see they have  many claims that their costumers are still didnt get their roi even if they are member im that site for a long time and some other says they are scam, but what i can say about them is they are wreck there mining are not profitable thats why they join Ponzi noe just to sustain their expenses.

[JeffBrad12]

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.

This. And yes I speak from experience. Even though it was a small amount to try them out, it was a loss after a year. Do not invest in Genesis Mining, it's for your own good.

hahaha... basically at the first time they make cloud mining is not to give a profit for their users, only to lure people to join with them. in my opinions, if they can using their cloud mining for themselves and can get big profit from them why they want to contract the cloud mining for another people? just thinking about this. maybe they only rotate their member's money.

[Sanguintan]

If the bitcoin price rises, you might get your money back in US dollars, but in terms of bitcoin, you will get less.

[wikenpp]

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.

This. And yes I speak from experience. Even though it was a small amount to try them out, it was a loss after a year. Do not invest in Genesis Mining, it's for your own good.

They are giving so much low roi and not advisable to invest because we cannot really gaurantee that we can earn in their site, and  i see they have  many claims that their costumers are still didnt get their roi even if they are member im that site for a long time and some other says they are scam, but what i can say about them is they are wreck there mining are not profitable thats why they join Ponzi noe just to sustain their expenses.

Where do you read/experience they offer less ROI?
The last time I check they don't offer ROI at all. They use the funds to prefinance their equipment and then pretend something happpen so users will get less payout.From there you will see your income decreasing and decreasing till there is no payout. This is what has happened to me.

[Sanguintan]

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.

This. And yes I speak from experience. Even though it was a small amount to try them out, it was a loss after a year. Do not invest in Genesis Mining, it's for your own good.

They are giving so much low roi and not advisable to invest because we cannot really gaurantee that we can earn in their site, and  i see they have  many claims that their costumers are still didnt get their roi even if they are member im that site for a long time and some other says they are scam, but what i can say about them is they are wreck there mining are not profitable thats why they join Ponzi noe just to sustain their expenses.

Where do you read/experience they offer less ROI?
The last time I check they don't offer ROI at all. They use the funds to prefinance their equipment and then pretend something happpen so users will get less payout.From there you will see your income decreasing and decreasing till there is no payout. This is what has happened to me.

I found their Ethereum mining contract was not profitable. That is mainly because the difficulty rises too fast.

[Soros Shorts]

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.

Most of my Genesis contracts became worthless after mining (in fiat) about 20-35% of their cost. In BTC the return was even worse. I'd like to know what period you purchased them. Mine were in early 2014.