Is Investing in Cloud Mining Still Profitable ??

[Bitcoin_BOy$]

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?


Regards,

Bitcoin Boy.

[1715058852]

1715058852

[1715058852]

1715058852

[UGMZ]

https://alloscomp.com/bitcoin/calculator
http://www.bitcoinx.com/profit/

I doubt you will make much profit. What price are you paying for the 15TH?  That might help do some calculations.

[Bitcoin_BOy$]

I just want to know my Monthly payment and Have no interest of how much I'm paying at start because its a lifetime contract

[pinkflower]

To answer the question in your title, NO. Stay away from any BTC cloud mining site. They are operating like a ponzi scheme. They need your money to pay off their existing customers. It is a known fact that BTC mining are a slightly losing or break even venture. Maybe only a small portion of the whole BTC mining industry is make a little profit.

[Xanidas]

I just want to know my Monthly payment and Have no interest of how much I'm paying at start because its a lifetime contract

I doubt about the lifetime contract, most cloudmining that have good name and kinda trusted such as genesis mining will only run your power if the maintenance and electricity cost are still lower than how much share you can get and will stop eventually because of the rising difficulty

[shinratensei_]

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?


Regards,

Bitcoin Boy.

At least you "MUST" read this, the honest review by the merkle.

http://themerkle.com/genesis-mining-review/

That already tells a lot for us. You can underline the conclusion has made by him at the contract correction. It doesn't matter legit or not, but the shady contract has made it looks like silly site.

[olubams]

To me personally, I will not take my time to find out whether its still profitable or not I have made up my mind not to invest anything in cloud mining in the sense that the ones that will pay, you will take forever to ROI, other that are springing up always have one thing in common which is to Scam... My opinion though...

[Pursuer]

cloud mining has never been a good investment and this has not yet changed.
99% of the sites that are offering cloudmining service are scams that are running a fake operation called a Ponzi scheme. and you will end up losing all your money if you invest in them.

that 1% else which at least seem to be legit, are either turning into a scam when they decide to run away some day and leave you without your money or they are giving you a very small amount in return for your investment that makes the investment a waste of time where you are getting paid small and paying big amounts for maintenance,.....

[Slow death]

I just want to know my Monthly payment and Have no interest of how much I'm paying at start because its a lifetime contract

You can use this calculator that will give you an estimate of your earnings per day.

http://www.genesisminingpromocode.com/genesis-mining-calculator/

that 1% else which at least seem to be legit, are either turning into a scam when they decide to run away some day and leave you without your money or they are giving you a very small amount in return for your investment that makes the investment a waste of time where you are getting paid small and paying big amounts for maintenance,.....

We are talking about a lifetime contract, obviously that after a certain period of time you will have a profit and that profit will be while the miner exists. Have you seen the returns that banks offer each year? If you saw, make a comparison and draw your own conclusions.

[SvenBomvolen]

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?


Regards,

Bitcoin Boy.

At least you "MUST" read this, the honest review by the merkle.

http://themerkle.com/genesis-mining-review/

That already tells a lot for us. You can underline the conclusion has made by him at the contract correction. It doesn't matter legit or not, but the shady contract has made it looks like silly site.

"crazyivan from bitcointalk described genesis-mining best:

    Its not a scam in a classic way where they will run away with your money, no, they re 100% legit and they will provide everything they state. The only problem is one cannot make money, their products re simply that bad. By investing in genesis-mining all you do is provide them an interest free loan for them to expand their farms and that is all."

   CrazyIvan from bitcointalk gave us good explanation what is going on in genesis mining company. I never tried investing in online mining sites, after I saw here what kind of experience people from here have on this sites, I said to myself that I will not try that ever.
   More I read about them, more sure I`m in my decision about them. I will not give them my hard earned money just like that, and to wait all my life them to return that same money too me. CrazyIvan described them, they cannot make money, they are just collecting money from everyone. I dont understand how they survived so much, who are the people that invest in this sites and wait for ROI that will never come.
   

[ArdiPrabowo]

if you choose real mining maybe still profit table , investment in cloud mining
the best cloud mining is now genesis-mining and hasflare but i don't two service i write real mining or not
so if you online investment, cloud mining or another you must ready lost your money
every time can scam

[coolcoinz]

I just want to know my Monthly payment and Have no interest of how much I'm paying at start because its a lifetime contract

You have a wrong understanding of "lifetime." It's not your life, it's the life of the company! They could be gone next year or in 2 years, but if you believe they are going to keep paying you until your death, you must be living in a dream. Also, don't forget that they can keep paying you 1c per month and you won't be able to sue them!

[BossMacko]

Investing in a cloud mining is not profitable but instead it will just run with your money. I tried it many times and i got scammed many times never got back any ROI from any of the cloudmining that i invested too. So bro do not try it because it will only waste your time and your money.

[densuj]

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?


Regards,

Bitcoin Boy.

Well actually i am doubt with genesis mining service because they are not transparent about the hardware miners and i don't know who is support the hardware miners,
It is different with hashnest, they are clear be supported by bitmain for the hardware miners.
But everything depend on you, will make investing on genesis mining or not. In my experience cloud mining service is not profitable.

[pinkflower]

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?


Regards,

Bitcoin Boy.

At least you "MUST" read this, the honest review by the merkle.

http://themerkle.com/genesis-mining-review/

That already tells a lot for us. You can underline the conclusion has made by him at the contract correction. It doesn't matter legit or not, but the shady contract has made it looks like silly site.

"crazyivan from bitcointalk described genesis-mining best:

    Its not a scam in a classic way where they will run away with your money, no, they re 100% legit and they will provide everything they state. The only problem is one cannot make money, their products re simply that bad. By investing in genesis-mining all you do is provide them an interest free loan for them to expand their farms and that is all."

   CrazyIvan from bitcointalk gave us good explanation what is going on in genesis mining company. I never tried investing in online mining sites, after I saw here what kind of experience people from here have on this sites, I said to myself that I will not try that ever.
   More I read about them, more sure I`m in my decision about them. I will not give them my hard earned money just like that, and to wait all my life them to return that same money too me. CrazyIvan described them, they cannot make money, they are just collecting money from everyone. I dont understand how they survived so much, who are the people that invest in this sites and wait for ROI that will never come.
   

It may not be a scam in a classic way but most of them sure are run like classic ponzi schemes. What kind of business that needs new money from new customers coming in to pay off the current ones?

So its good to advice everyone to stay clear from cloud mining contracts. Its better to invest directly in BTC.

[carlisle1]

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?


Regards,

Bitcoin Boy.

I haven't tried investing in any cloud mining services especially Genesis-Mining and I don't know how much would be the profit that you'll be able to gain from them but as what some people are saying investing in Genesis-Mining and other cloud mining services is not a profitable source right now and it is impossible to get your ROI even after several months .

[mobnepal]

Hello everyone,

I want to invest in Genesis-Mining, I want to buy 15 TH/s (power of Bitmain S9)
can anyone give me details of my profit from this ?

It will be profitable if you buy bitmain s9 miner and run it in your home rather than buying 15 TH/s from genesis mining.
Profit with cloud mining? I don't think you will be able to pull out what you have invested in buying those 15 TH/s power within a year or even more than that.

Bitcoin mining is not profitable right now if you can't have very cheap electricity and latest mining hardware.

Lifetime contract on genesis mining will stop if those contracts can't pull out enough bitcoin to pay maintenance fee which can happen within few year if mining difficulty keep on increasing in the same ratio it is pumping right now.

[Mozdalifa17]

Bitcoin mining is not profitable right now unless you have cheap or semi free electricity with a big farm of miners so i advise you not to go with any cloud mining service right now , if you have enough good asset buy more bitcoins and hold them safe. 

[casinobonusgiveaway]

Bitcoin mining is not profitable right now unless you have cheap or semi free electricity with a big farm of miners so i advise you not to go with any cloud mining service right now , if you have enough good asset buy more bitcoins and hold them safe. 

Exactly, those cloud minging companies are scams, usually a ponzi sites. We should avoid it, and we need to protect our money.

[newinbtc]

Web mining is not profitable now . 90% Companies are scam now days and rest 9 % don't pay money and 1% charge maintains fees..
I will Suggest to you do not waste your money in cloud mining better to buy solar powered mining farm to save Electricity bills..