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Author Topic: What if i buy $30 worth of hash power from genesis-mining? What will be return?  (Read 4267 times)
crazyivan
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October 27, 2016, 04:36:23 AM
 #21

Absolutely NEVER. Do not use Genesis Mining, there is not way you can make money with them. If you want to have even glimpse of ROI, there re other companies which can provide cheaper hash. All in all cloud mining is a risky business whoever you choose but with Genesis you lose money 100%.

I recently use only this:

https://bitcointalk.org/index.php?topic=1579210.0

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Zadicar
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October 27, 2016, 08:00:38 AM
 #22

it says probably legit ... i saw it on badbitcoin's safe list that is why i asked it here ...


Read this from badbitcoin's site and think again about trusting them

http://www.badbitcoin.org/gaw.htm



The question to ask yourself if what will get you more, giving genesis mining $30 dollars, or going to an exchange and buying $30 worth of bitcoins?

Whichever of those choices will give you more bitcoins will leave you in a better position no matter what the price of bitcoins is.

Just  like what happen on hashocean, its been  listed  there  on  badbitcoin.org and  trying   to warn everyone  regarding those  ponzi scheme  cloudmining  but   stil lthey  decide to invest  on it and  now  it  turns  scam and regretting  in the end that they  should  not  invest  on  the first place. We  trying to warn  them   for now  because we are experienced  enough  to these things and  we dont want  for anybody to fall  for this crap thing.

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October 27, 2016, 09:12:21 AM
 #23

for your info, your ROI will be at 6-8 month after you start to buy but its could be more than 8 month. before halving, i am trying to mining with genesis and i get my ROI in almost 10 month because i only have small hashrate so now i think i will think twice to buy hashrate but if the price is really down, maybe i will buy it directly. but for now, i don't know how long to get ROI if you are mining btc, my suggestion is better you mining beside bitcoin.

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October 27, 2016, 09:32:34 AM
 #24

for your info, your ROI will be at 6-8 month after you start to buy but its could be more than 8 month. before halving, i am trying to mining with genesis and i get my ROI in almost 10 month because i only have small hashrate so now i think i will think twice to buy hashrate but if the price is really down, maybe i will buy it directly. but for now, i don't know how long to get ROI if you are mining btc, my suggestion is better you mining beside bitcoin.


Your right and that long months of waiting to get the roi is not very worth to wait since we can find better oppurtunities rather than putting some money on this company, and GENISIS-MINING are yet on bit struggling situation so i don't really like to tell people to invest at them since they can be turn bad anytime if they want, and also cloudmining businesses is on the end era since the profit you can actually get from it is so low and cannot feed your needs.



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tiggytomb
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October 27, 2016, 09:48:33 AM
 #25

Probably take you at least a year for ROI, I was on the X11 contract for a year which is almost up and I have just about made a return and it is tiny so nowadays I wouldn't bother with these cloud mining sites even if they are legit, better off investing in a decent altcoin.

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November 15, 2016, 09:58:21 PM
 #26

got it !! thank you guys ... i appreciate you comments...
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