Panning to Invest in Genesis Mining, What You Say?

[djank]

Hello friends,

Though I have decided to stay away from any investment in cloud mining, I came across the advertisement of hasheer cloud mining service.

I signed up for one week free trial (to understand how it works). I can see I my account is mining at 500 Mhz and mined 0.00011849 BTC so far since past 8 hours.

I have clicked on reinvest (because they want me to buy additional hashrate in order to withdraw mined coins) so my mining hash rate is 500.91 GHS at the moment.

They are claiming 164.06% yearly returns, is it worth purchasing '200 GHS @ 0.032 BTC' ?? in order to withdraw mined coins?  or I just enjoy my trial period and forget about it??

You can try free hasheer trial account here through my affiliate link - 500 GHS, One Week Free

Just forget about it, cloud mining is not profitable anymore and mostly they are scammer, read this transcript http://diyhpl.us/wiki/transcripts/2016-july-bitcoin-developers-miners-meeting/cali2016/

[beerlover]

Not sure about it, since they seem to have quite a reputation for having to answer everyone's question whenever you contact them. I've always seen their advertisement on facebook and I checked their page as well and they seem to be having some quite of a problem, judging from what I see in the comments.

[Anon_7716]

I think cloud mining would only be enough good things in a short time and will not be a good thing for the long term. because I see that cloud mining system wear ponzi or they do not have the means of mining and they only play the funds enter into their site

[Dudeperfect]

Actually I am not asking only through but also return of investment point of view.  As of now I have no knowledge of mining so I have couple of options, either I should acquire knowledge or focus on other business where I have some experience.

If I am getting good return on investment in other options then there is no point of burning funds in such kind of activity and especially when majority has not good opinion about it.

[shinratensei_]

Hello friends,

Though I have decided to stay away from any investment in cloud mining, I came across the advertisement of hasheer cloud mining service.

I signed up for one week free trial (to understand how it works). I can see I my account is mining at 500 Mhz and mined 0.00011849 BTC so far since past 8 hours.

I have clicked on reinvest (because they want me to buy additional hashrate in order to withdraw mined coins) so my mining hash rate is 500.91 GHS at the moment.

They are claiming 164.06% yearly returns, is it worth purchasing '200 GHS @ 0.032 BTC' ?? in order to withdraw mined coins?  or I just enjoy my trial period and forget about it??

You can try free hasheer trial account here through my affiliate link - 500 GHS, One Week Free

Just forget about it, cloud mining is not profitable anymore and mostly they are scammer, read this transcript http://diyhpl.us/wiki/transcripts/2016-july-bitcoin-developers-miners-meeting/cali2016/

Never worthed to purchasing more ghs in the cloud mining site caused by the chance for them is turning into the scam is very high and I think this condition is not giving good possibilities for mining. especially for the cloud mining site too many scammer using cloud mining method.

[Sharma]

Hi Guys,

I am complete noob in crypto mining and I realized that pc from my office is worthless for mining any coin. Now, I just did some research on cloud mining.

I saw positive as well as negative reviews about cloud mining, especially Genesis Mining. Though I would like to give a try.

What is your view? Should I go with Genesis Mining (if yes then which plans) or any other service? or stay away from it?


Thanks in Advance
Dudeperfect

Although I dont have any experience with genesis mining,I am skeptical about all cloud mining.Invest less and for short term if you want to invest in cloud mining.
I have lost 0.1 btc in one of the ponzi cloud mining

[darklus123]

Well i am really not a fan of any cloud mining site. Genesis is one of the biggest mining in this industry,  getting your ROI is really not that easy when you invest to them. They maybe a scam or not the only thing right now is that they didnt quit during halving not like other cloud mining sites.

[Kolder]

Hi Guys,

I am complete noob in crypto mining and I realized that pc from my office is worthless for mining any coin. Now, I just did some research on cloud mining.

I saw positive as well as negative reviews about cloud mining, especially Genesis Mining. Though I would like to give a try.

What is your view? Should I go with Genesis Mining (if yes then which plans) or any other service? or stay away from it?


Thanks in Advance
Dudeperfect

Although I dont have any experience with genesis mining,I am skeptical about all cloud mining.Invest less and for short term if you want to invest in cloud mining.
I have lost 0.1 btc in one of the ponzi cloud mining

It is true. Cloud mining is also a form of ponzi. If they are really have a mining company. Why they need many investor if they can afford to buy it using the profit of their miners. It is better to setup your mining rig than investing it to not safe cloud mining.

[Indrawan77]

Well i personally thinks dont do it because even though Genesis mining has a quite ok reputation in cloud mining, but eventually it will turn to scam, and the return of profit is quite long, i suggest you to just invest in other place, dont invest in cloud mining ponzi or hyip,  even though sometimes the profit is irresistible but most of it is a scam, so beware

[ultrloa]

Hi Guys,

I am complete noob in crypto mining and I realized that pc from my office is worthless for mining any coin. Now, I just did some research on cloud mining.

I saw positive as well as negative reviews about cloud mining, especially Genesis Mining. Though I would like to give a try.

What is your view? Should I go with Genesis Mining (if yes then which plans) or any other service? or stay away from it?


Thanks in Advance
Dudeperfect

Although I dont have any experience with genesis mining,I am skeptical about all cloud mining.Invest less and for short term if you want to invest in cloud mining.
I have lost 0.1 btc in one of the ponzi cloud mining

It is true. Cloud mining is also a form of ponzi. If they are really have a mining company. Why they need many investor if they can afford to buy it using the profit of their miners. It is better to setup your mining rig than investing it to not safe cloud mining.

Maybe the used to join on that scheme now since they already know that their equipments is not profitable as the years come and people should really think twice before investing on those because there so many people claiming that they didn't get  their roi, so a big possibilities also it will happen to people who really insist to invest a new one on genisis mining, so better be away on those sites its because cloudmining industry are down nowadays.

[Daffadile]

Honestly yo just should get involved in some altcoin projects and try get in soon and invest there. Or stake some altcoins on poswallet that way you don't have to worry if the mining is real or not or if they going to scam you or not.   Yes the altcoin price changes but so does the mining difficulty.

[praprata]

Honestly yo just should get involved in some altcoin projects and try get in soon and invest there. Or stake some altcoins on poswallet that way you don't have to worry if the mining is real or not or if they going to scam you or not.   Yes the altcoin price changes but so does the mining difficulty.

It may be good to invest in an altcoin rather the cloud mining. But 1 thing is clear investing in cloud mining, especially with genesis mining will not get you any income.
The company is just not reliable nor offer they attractive contracts.