I wanna invest on genesis-mining. Is it a good idea ?

[taoinfrared]

Hi

After I got a little profit form hashocean (before it's gone).
I wanna invest on cloud mining again.
https://www.genesis-mining.com/

What are your guy thinking about this site.

Ty for all comment.

[helloeverybody]

Ok,  answer me this.  All these mining companies have hardware which they either rent or own.  If you can make profit by renting the miners from them then why don't they just mine the coins themselves?

I wouldn't put any money into any of these,  im not sure how anyone makes a profit from them.  I doubt they do.

[partysaurus]

Hi

After I got a little profit form hashocean (before it's gone).
I wanna invest on cloud mining again.
https://www.genesis-mining.com/

What are your guy thinking about this site.

Ty for all comment.

but what if this time you wont make any profit before its gone? cloud mining is a risky buisness

[Herbert2020]

you know what happened to hashocean right? so you still want to take this huge risk of losing money?! that sounds a little strange to me.
but if you want to gamble, then why  are you asking us here about it, just take the risk and lost money.

[Raimonn]

Investing on cloud mining isn't a good idea. If you want to invest, its a better idea buying bitcoins directly not buying shares or miners to receive bitcoins that you didn't know if you will receive them or how much you will receive.

[ardentvolcanoes]

Hi

After I got a little profit form hashocean (before it's gone).
I wanna invest on cloud mining again.
https://www.genesis-mining.com/

What are your guy thinking about this site.

Ty for all comment.

If you really want to invest your money on genesis-mining even you already know what happened to hashocean before well i would like to say goodluck to you . But if you have a doubt you can change your decision because we all know that these cloud mining are also have too much risk not only hyips . Genesis-Mining has its name sounds good but i don't know how many years would they be operating .

[davis196]

Hi

After I got a little profit form hashocean (before it's gone).
I wanna invest on cloud mining again.
https://www.genesis-mining.com/

What are your guy thinking about this site.

Ty for all comment.

You made profit from hashocean?Lol.You are the only one  

Never heard of this genesis-mining thing.If it`s new, then it`s 99% posibility to be scam.

I stay away from cloud mining,don`t know about you...

[Carlsen]

Cloud mining is always a very bad idea!
All those cloud miners are scam. Sooner or later they will close their site and run off with all the coins they have.
You would be better advised to just keep your bitcoins.
Or, if you are a gambling type, invest them into a little bit more volatile currency, like ether is at the moment.

[Doamader]

Look with the halving all clouds has reduced their income from the hash you own, what you should roi in 6 months has become a roi into 4 years already soo, no dont use any cloud, better try luck exchange it then invest into cloud.

[BitcoinNewsMagazine]

Genesis Mining has no way for you to sell your hashing power. Once you buy you own it. At least Hashnest and BW.com have their own exchanges where you can sell if you want.

[raphma]

You made profit from hashocean?Lol.You are the only one  

Never heard of this genesis-mining thing.If it`s new, then it`s 99% posibility to be scam.

I stay away from cloud mining,don`t know about you...

no, he is not... i've made a good profit with hashocean too.

Ok,  answer me this.  All these mining companies have hardware which they either rent or own.  If you can make profit by renting the miners from them then why don't they just mine the coins themselves?

I wouldn't put any money into any of these,  im not sure how anyone makes a profit from them.  I doubt they do.

simple, the hardware is yours, not theirs(assuming a true mining). Which makes the ROI yours, not theirs. why is that good? because they dont have any risks, if anything happens you are the one losing.
and if any problem happens, YOUR hardware is there and they probably will sell it and run away.

Hi

After I got a little profit form hashocean (before it's gone).
I wanna invest on cloud mining again.
https://www.genesis-mining.com/

What are your guy thinking about this site.

Ty for all comment.

i wouldnt do that, at least not now.
bitcoins is "underpriced", we might see a new bubble at any time so if you are willing to buy a hardware with bitcoins, it better to do it when bitcoin is overpriced. after the halving, everyone is complaining about genesis payiments.

[Nahl]

last time people has disappointed with hashocean because they could not get their money back and i think those cloud mining will be scam soon so save your money don't ever tempted with their offers because they will be dissapear in the end with your money into their pocket

[wintermeasures]

I suggest to leave all cloud mining sites because now a days mining Is not profitable because of halving and all cloud mining sites are turning into scam. So I will suggest you to Stay away from genisis-mining....

[mobnepal]

I suggest you not to trust any of the cloud mining sites including this genesis mining as usually these type of mining site offer larger amount of mining capacity compared to what they actually own. And in most of the case they even don't own any real mining hardware under their company.

Talking about genesis mining, their price is quite high almost double than good price to buy these days because recently block reward has been halved. If you like to take risk than wait for few more months or weeks when they will lowered their contract price or just neglect them and other cloud mining sites all of them are not profitable and very risky.

[Bitcoin_Mafia_Me]

I purchased some hashing power from Genesis (350 GHs SHA and 5 MHs X11) to see if / how well they deliver.
So far my earnings have been accruing daily - albeit each day is a few satoshi less than the day before. I have
not yet made a withdrawal, however.

One thing to note - depending on how you purchased your hashing power (I used my credit card) - they may
hold your earnings for 30 days before you can withdraw it.

[x4]

I suggest that go in trading is much better than investing in some cloud mining sites that most probably are ponzi schemes and get scam people soon as they got their quota.

[takingthis4]

Hi

After I got a little profit form hashocean (before it's gone).
I wanna invest on cloud mining again.
https://www.genesis-mining.com/

What are your guy thinking about this site.

Ty for all comment.

i would definitely not invest into it, especially the bitcoin halving happened and you would mine way less bitcoins right now, and it would take a lot of time to make roi

[Kprawn]

Ok,  answer me this.  All these mining companies have hardware which they either rent or own.  If you can make profit by renting the miners from them then why don't they just mine the coins themselves?

I wouldn't put any money into any of these,  im not sure how anyone makes a profit from them.  I doubt they do.

Well, in theory these companies use your money to buy hardware and they host it in their mining farms and then give you a percentage of the coins that are mined. Over time, you should get a ROI or

even some profit. The reality is, most of these companies take your investment and then pay other people. A typical Ponzi type funding scheme.. When enough money has been skimmed from the top,

these companies close down and run with the bulk of people's investments. 

[eternalgloom]

My earnings went down significantly after the halving, so I don't really think it's a good idea to invest, unless the price rapidly rises again.
That said, they're one of the most transparant cloud mining providers out there, so chances of them scamming you are pretty low.

[btcdiggingmaster]

Other than your pocket..every where you invest always their risk for your money..before investing try to think, wheather you will make profit or not. If you are interested just invest after halving.Otherwise you won't earn much money.