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Author Topic: Should i Trust Genesis Mining  (Read 2580 times)
arransiv
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November 13, 2016, 07:56:27 AM
 #21

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You

Even legit cloudmining isn't profitable anymore, just invest your money in others services, if you don't find anything trustful and good today, wait until tomorrow, there's a lot of altcoins where you can have a good profit(with a low risk), just have to read a little bit about.
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November 13, 2016, 12:02:45 PM
 #22

I don't even know why would anyone want to use genesis services. You will ROI basically NEVER as difficulty increases constantly . All their plans are based on per year stuff. It's better to invest in your own mining equipment
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November 13, 2016, 12:04:33 PM
 #23

then where do you recommend me to invest?
except for trading and casinos, i don't think that there are any ways to invest in bitcoin
i am a beginner btw so if you have any tips then please... TEACH ME MASTER
You just leaned that investing in cloud mining is not good option. I was like you in the past, I thought that cloud mining is amazing and it was created to help everyone earn money.
I was wrong as some companies I was fond of turned out to be lying about their projects, since that time I never trusted any service again.

And it was before halving. Today's reality is even harsher for mining BTC. There are altcoin projects where mining 'might' be still profitable like Zcash but personally I wouldn't touch it.


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November 13, 2016, 12:04:57 PM
 #24

I am thinking about joining genesis mining and buy some of their contracts
This is not the right time to join cloud mining as the bitcoin prices are still not meeting the mining costs to get you considerably quick profits. If you are ready to wait for almost 1 year to get back your investment, you may go for buying mining contracts with them.

if i can trust them with my money or not
Genesis mining is a trusted could mining services still investing with them is not recommended by this time as it will not be profitable.
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November 13, 2016, 12:11:11 PM
 #25

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
i think it should be your decision whether you want to earn with risk .
because in my opinion no one is trusted after hashocean but still some better mining plans are available , so you need to take decision through your own efford of risk .
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November 13, 2016, 03:58:32 PM
 #26

then where do you recommend me to invest?
except for trading and casinos, i don't think that there are any ways to invest in bitcoin
i am a beginner btw so if you have any tips then please... TEACH ME MASTER

I don't know any other investiment too. And nobody here told you a good one...
I'm always looking for oportunities of good investiment, but it's hard to find, too many scammers. If I would be able to find at least a investiment offering 10% monthly I would be satisfied. But it looks impossible.

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RussiaIsBest
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November 13, 2016, 04:01:57 PM
 #27

It is not profitable anymore i think I was in hashocean business and I was withdrawaled about 0.05 btc but invested only 0.01 btc and I am really happy that I didnt invest more money in that scam site.
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November 13, 2016, 05:23:41 PM
 #28

I think the question should not be if you can trust or not Genesis Mining,  your question should be whether invesing in Genesis Mining profitable.  The fact that cloudmining investment had been not profitable for sometime now should at least give you a hint on not investing in a Cloudmining services because it is more possible that you will never get your ROI.
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November 13, 2016, 05:56:30 PM
 #29

Cloud mining platform realease took some new investors. They provide such a good promises, But if you obviously going to try it then you would surely see the result but after doing that you should also think that you have been warned
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November 13, 2016, 07:41:06 PM
 #30

I think the question should not be if you can trust or not Genesis Mining,  your question should be whether invesing in Genesis Mining profitable.  The fact that cloudmining investment had been not profitable for sometime now should at least give you a hint on not investing in a Cloudmining services because it is more possible that you will never get your ROI.

Yeah right. The ROI in genesis mining can be bought back to you in a year. Damn! How's that? Your capital is stuck at one year and nothing came to you. I was fool when I invested 0.1 BTC in that cloudmining and now I am regretting it. Well, I am just hoping they can return as much as they can in my capital and I am not hoping for a profit because of the small amount they are giving back each day and I just hope their site last for one more year. Just to cope my investment to them.

Again, just beware of investing in a cloud mining sites. Why not try investing in a Bitcoin Casino ? I think that was better than cloud mining.
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November 13, 2016, 09:56:58 PM
 #31

I am thinking about joining genesis mining and buy some of their contracts
This is not the right time to join cloud mining as the bitcoin prices are still not meeting the mining costs to get you considerably quick profits. If you are ready to wait for almost 1 year to get back your investment, you may go for buying mining contracts with them.

if i can trust them with my money or not
Genesis mining is a trusted could mining services still investing with them is not recommended by this time as it will not be profitable.


Feedback among them is really needed to look up for by people so they will not fall for the false hope of high earnings on genisis minings, that services should not really worth it to go true mining business is totally wreck at this time so thats why its truly in believable how they survive not unless there still yet many investors throwing some money on them or yet they found better alts to became alternative of their struggling business.


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JeffBrad12
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November 14, 2016, 01:38:54 AM
 #32

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
This issue has been discussed many times in this section, Genesis mining is one of few companies which are still working after the halving, but it is not profitable any more, in my opinion, holding your bitcoin or investing in legit ICO are better than investing in any cloud mining service.
The people realize if they have joined in the cloud mining site and they have made some money with just sitting on his chairs.
It is becoming the wrong common thing for all.

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November 14, 2016, 05:24:06 AM
 #33

You better invest your money in other profitable but trusted sites if you want faster investment returns. Genesis mining take your money and give you back part of it which is not profitable for you even in the long term.
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November 14, 2016, 08:46:24 AM
 #34

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
This issue has been discussed many times in this section, Genesis mining is one of few companies which are still working after the halving, but it is not profitable any more, in my opinion, holding your bitcoin or investing in legit ICO are better than investing in any cloud mining service.
The people realize if they have joined in the cloud mining site and they have made some money with just sitting on his chairs.
It is becoming the wrong common thing for all.


Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.

R


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x4
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November 14, 2016, 01:34:54 PM
 #35

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
No, you don't have to trust this kind of sites. This sites are totally scam, there are lot of  people here complains about this sites. And why do people expect that they eill earn more by doing nothing in this sites? Investing what? You're just wasting your money there. Much better if you stay away with this kind of sites.
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November 14, 2016, 03:22:45 PM
 #36

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
I think Genesis mining is legit. Its still operating until now. But if i were you, im not going to invest my btc on a cloud mining because it takes a lot of time to take back the btc you invested on that site. Theres also a possibility that you finished the contract without any profit. Many investors have bad experience with Genesis some of them doesnt get any profit and even take back their half of investments.
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November 14, 2016, 03:53:23 PM
 #37

I almost paid for a zcash mining contract, before the launch. Luckily, I did not invest, and according to some reports, it was the right thing to do.

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November 14, 2016, 09:15:36 PM
 #38

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You
Do not try to invest money on that site. In investing online, 90% are scam. Maybe they would pay you at first, sooner they would not.
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November 14, 2016, 11:43:09 PM
 #39

No you shouldn't trust any cloud mining, no matter how famous and how many profit the site had paid, most of the time the owner is going to run away with your money, you better invest it into another investment, cloud mining ROI is quite long and the risk is too big so stay away from it


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November 15, 2016, 12:18:13 AM
 #40

I am thinking about joining genesis mining and buy some of their contracts
This is not the right time to join cloud mining as the bitcoin prices are still not meeting the mining costs to get you considerably quick profits. If you are ready to wait for almost 1 year to get back your investment, you may go for buying mining contracts with them.
ROI = Wolf in sheep's clothing.

Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.
Honestly, You can make more simple your essay. I may think if using the online investment place can become the easiest way for reaching some money. And it's same like the other people think. And this is wrong.

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