Genesis Mining - Should I invest more?

[zediwon]

Hi, first poster here.

I deposited ~0.30BitCoins for 0.145TH/s. and since then, I have been getting ~0.00089187BTC everyday (some maintaince fees taken off).

Now my question is, should I invest more BTCs? Because it seems like it can pay off... at some point, dont you?

 

Btw, if you register to Genesis use coupon kWU6Hu to get 2.5% discount, and also, the obvious...

Thanks,

[1715596251]

1715596251

[1715596251]

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[1715596251]

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[sandy47bt]

It's risky, low bitcoin price with high difficult makes ROI is hard
So, i think it's best not to invest more

[Phildo]

It will take almost a year just to get back the coins you gave them at the current rate. What if the difficulty goes up ? what if the price of bitcoin goes down again so the it costs more btc to maintain the equipment? What if they run? A year is a long time to wait for your own money back.

[dr1980m]

i don't suggest you more invest..
because bit coin prize is not stbail
maybe it will be profitable in next mouths
but now is has high risk..

[EvilPanda]

The question you should ask yourself is:
Will the price of bitcoin go up in the future or not?

If you believe it will, why not buy bitcoin instead of any form of mining contract or hardware. At least if you're wrong in your predictions you will be able to quickly bail.
If you believe it will stay in the same price range, you can try mining, but there's still the risk of a mining company going bankrupt.
If you believe it won't, don't even consider an investment in mining, just set up buy orders on exchanges.

[mayax]

question, what it will happen if there will be NO miner or only few?