Would you invest in Mining Company IEO?

[milewilda]

Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

mining businesses not available in the market now many people holding the asic miners and graphic cards are not being used nowadays. I have invested around 5k USD in mining businesses and I lost the complete funds from it.

What did you do to lose all that money? Did you buy mining equipment, if you did you can sell it now, or you were a complete fool and you invested so much money in some cloud mining? If you did the second thing, then I don't feel for you, I can bet you learned your lesson. I learned a lesson from investing in cloud mining, but not even close to that amount you lost, mine was 50 dollars, believe it or not, that was 0.3 BTC in that time.

Cloud mining is profitable to those years of 2016 and 2017 but now? Its never been profitable even if you do have your own mining machines it would give out the same outcome.
Dont need for more Mining company would offer the same even they would switch up to IEO method because it will surely still fail up.I wont put up a single cent for this one.
There were lots of upcoming IEO which would be worthy to join and risk up some few dollars than on this one.Follow anytime on their launchpad when it comes to IEOs
https://launchpad.binance.com/

[Taskford]

Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

mining businesses not available in the market now many people holding the asic miners and graphic cards are not being used nowadays. I have invested around 5k USD in mining businesses and I lost the complete funds from it.

What did you do to lose all that money? Did you buy mining equipment, if you did you can sell it now, or you were a complete fool and you invested so much money in some cloud mining? If you did the second thing, then I don't feel for you, I can bet you learned your lesson. I learned a lesson from investing in cloud mining, but not even close to that amount you lost, mine was 50 dollars, believe it or not, that was 0.3 BTC in that time.

Cloud mining is profitable to those years of 2016 and 2017 but now? Its never been profitable even if you do have your own mining machines it would give out the same outcome.
Dont need for more Mining company would offer the same even they would switch up to IEO method because it will surely still fail up.I wont put up a single cent for this one.
There were lots of upcoming IEO which would be worthy to join and risk up some few dollars than on this one.Follow anytime on their launchpad when it comes to IEOs
https://launchpad.binance.com/

Have my own rig  way back on year 2016 - 2018 and I'm very happy at first since the profit is quitely good and can abpe to sustain my need but for this year it's more difficult and my rig is totally useless that's why I manage to sell it off on much cheaper price and for this it has a connection with existing cloud minings since for sure they are not profitable also and they survive to run since they are doing the ponzi scheme system which is totally bad.

[febriyana]

I will stay away from cloud mining also with IEO who promise mining.
Mining is not profitable in this year, price really drop, that is hard to maintenance income with outcome.
At 2013-2016 i still profit from cloud mining, but more than that year i think only small profit from mining process or maybe mining ponzi scheme appear again..

[Chrystora123]

I love investing in Mining companies because Mining is one of the promising projects and many have been successful, right now I am investing in BatMine.

Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

at a glance I don't see this project going to be successful, they must hold a campaign and more details so that later members in this forum can give an assessment to this project.

[JollyGood]

Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

At first glance I thought you were referring to mining as in digging for minerals and other commodities.

In short, no I would not invest in mining of any sort. All the power and statistics are consolidated in the hands of a few people behind the project and it is extremely untrustworthy to get in to unless there is 100% transparency. Which mining projects are there out there and how many had ICOs/IEOs/STOs ?

[DeathProxy]

To the best of my knowledge mining is not as profitable as it used to be before.  The price of the mining equipments has really gone high not to talk of the electricity bill which is another expenses worthy of note. By the time you calculate all this expenses from the profit generated you will discover that mining is not that profitable.  But concerning this new project if they can come with  new concept in terms of the equipment they use and how to cut down electricity expenses using alternative form of energy so as to gain more profit then i might consider investing in it

[JollyGood]

Would I be correct in saying the market is saturated and there is just too much competition out there?

People are using remote rigs to mine per hourly rates after all so maybe this is not the best business to invest in.

[wheelz1200]

Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

I dont think you understand mining if you just think it's extremely profitable.  You can lose a ton of money mining as prices of bitcoin goes up.  If bitcoin goes up 10% but mining difficulty has gone up 50% (in this case we will pretend you have the same amount of gear and its performing the same throughout), you will be on the losing side.  You would be making more money as price of bitcoin increases by just buying bitcoin and holding it.  Mining profits are more volatile than bitcoin itself.  Now on top of that you would have to trust this company to be fair and honest about their earnings....what I'm getting at is you will be way better off just buying bitcoin gradually

[JollyGood]

The thread was started in July 2019 and though the user last logged in during August 2019 he never made another post since starting this in July 2019

Time for me to unwatch this thread

[SamboNZ]

Tried it and it will gonna take you years before you get your ROI back and i think pretty much alot of people learned about it in the past because there were lots of these cloud mining scheme, wherein you buy a contract and they will mine bitcoin for you for a duration of time. It didn't end well because lots of people losing their initial investment because contract expired or the company closed before completing it.

- better trade your money atleast you have the chance to get a bigger profit than investing in these mining companies.

[cryptoknightt]

I will not invest in a platform that has the concept of establishing a cryptocurrency mining company because in my opinion when you invest there the benefits you get will not be forever, different if you memining yourself then you can get its own benefits and you can control it forever.

[arifteguhr]

I will not invest in a platform that has the concept of establishing a cryptocurrency mining company because in my opinion when you invest there the benefits you get will not be forever, different if you memining yourself then you can get its own benefits and you can control it forever.

actually not all bad when we invest but indeed because of the many problematic projects that make the trust of people to be down on a project that is really making trust like you decrease. so prefer other instruments to take advantage

[19Nov16]

I will not invest in a platform that has the concept of establishing a cryptocurrency mining company because in my opinion when you invest there the benefits you get will not be forever, different if you memining yourself then you can get its own benefits and you can control it forever.

Good idea, it has been proven that many mining companies are scams, I lost a lot of money in 2016 and never invested again, with the conditions now it takes more than 2 years for RoI.

[KennyR]

I will not invest in a platform that has the concept of establishing a cryptocurrency mining company because in my opinion when you invest there the benefits you get will not be forever, different if you memining yourself then you can get its own benefits and you can control it forever.

Good idea, it has been proven that many mining companies are scams, I lost a lot of money in 2016 and never invested again, with the conditions now it takes more than 2 years for RoI.

Yes, more mining hosting based ico's got launched during the year 2016-2017. By that time it too gained big revenue, and few was successful at the beginning. The same didn't continue for a longer time period. One such ICO that was more popular by that time was icerock mining. Going through the scam accusations can find a lot about it ICE ROCK MINING - SCAM

[TelolettOm]

I have never tried an investment in IEO mining. Whether to produce a good profit or not?
Maybe if it gives profit and their project is long I'm interested.

If we think about Mining itself many people feel the disadvantages. then there are projects that have a concept and want to run in that field, we should have understood that this is not possible to be able to run and not invest in the project. but there are still many people who continue to invest there

[ongkok87]

I have never tried an investment in IEO mining. Whether to produce a good profit or not?
Maybe if it gives profit and their project is long I'm interested.

If we think about Mining itself many people feel the disadvantages. then there are projects that have a concept and want to run in that field, we should have understood that this is not possible to be able to run and not invest in the project. but there are still many people who continue to invest there

Agree that indeed we should be able to see according to the facts that exist today but think about the benefits of whether it is logical to look at current market conditions and compare with the actual Minning conditions that have not run the business then why should we invest

[mdzahed134]

I have no experience with mining IEO projects because i don’t seen any legitimacy projects IEO going to big and reliable exchanges. How can i believe such a mining project. But very recently i analysis regarding Pi Network project, still token sell running i think. You will get details here https://www.publish0x.com/pi-network/introducing-pi-network-xvwdmp it will be list very soon. It’s ICO price is 0.15$ but i hope price will be hits 1$ according to the total supply and project liquidity.              

[Kang TB]

Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

i heard mining now is not profitable anymore, and if the main source income just from mining
i think its not good my friend
and maybe i will double think before invest in the IEO from thus project buddy

[calenda99]

I will participate in ieo When investing, with the associated reputation risks, cryptocurrency exchanges are strongly encouraged to appraise potential projects. Therefore, traditional investors do not need to think much if they trust when participating in the exchange.
As for the exchanges, they have the ability to access new markets, exclusive of that IEO project depending on their negotiating capabilities. Therefore, it can be said that this will be the best advantage of IEO.
IEO participants only need to create an account on the trading platform where IEO is conducted.
Through this method, the project that takes advantage of the exchange's current user data and the exchange will have to conduct project research before proceeding with IEO, which will help eliminate phishing projects. giving users less effort to research and projects with more trust from investors.

[redsun114]

Yeah, mining could be profitable if you mined back in the day and hold it or if you are mining now yourself at least, however paying someone else to mine on your behalf and get the money for it has never been profitable, never will be.

If a person has enough money to actually mine and profit, they won't share it with you, if that person wants your money to get the machines and start mining, you could do it yourself as well and profit even more getting the middle men out of the way.

There is no scenario where investing into a mining company will ever be more profitable than actually doing it yourself, you are also putting risk of getting scammed in between as well and there is no reason to risk such a thing when you can do it yourself without having to trust anyone else.