What if i buy $30 worth of hash power from genesis-mining? What will be return?

[crazyivan]

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]

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.

[traderethereum]

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.

[ultrloa]

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.

[tiggytomb]

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.

[king2k5]

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

[ModGrip]

I've made a lot of money from Genesis.
ROI was about 5 months due to timing my hash purchase with some foresight into BTC price.

Bought before bull surge this year and now get about $80 every 3 days.

No point buying a plan unless you've done your analysis but Genesis can be a fun little earner and their customer relations are great 

[Mark-Krawed]

I've been with genesis mining for 15 months, and I'm doing pretty well. I just keep re investing and i'm looking forward to withdraw for the next 5 months. Goodluck risk taker.. 

[traderethereum]

What if i buy $30 worth of hash power from genesis-mining? how much i wil be earning (average/monthly) ...
i know that it depends on price of bitcoin but what would be the smallest or largest estimation (atleast this year)?
your help is greatly appreciated ..

it is about lifetime bitcoin mining ... not 2 years ...

you can reach your ROI for at least one year from now if you invest your money in genesis mining and we don't know if genesis mining will stay for more than 2 years again. but if you want to try and not going to regret if the company is finally scamming you, then you can go with them. I think, for now, genesis mining is only making a deal for mining with x11 which is monero but you can use it to mining bitcoin and as far as I know, the contract is 2 years only.

[traderethereum]

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.

yes, and if I have that $30, I will use it for trading and I will learn many lessons so I can make a profit. I think $30 it is enough to start trading and I think I can earn double from that money. besides that, if we really want to start mining, it is better to buy a hardware and we can start mining at our home. so I think he needs to think twice before he decides to invest his money in the cloud mining and I hope that he can find the right answer.

[PeZ]

I think, for now, genesis mining is only making a deal for mining with x11 which is monero but you can use it to mining bitcoin and as far as I know, the contract is 2 years only.

Can you even mine Monero with X11? You don't want to get stuck mining Monero - you wont make anywhere near ROI, even if it were a lifetime contract with no maintenance.