Is Cloud Mining Profitable?

[needFREElunch]

so it would take about a year to roi currently assuming difficulty does not go up. That is not bad at all. Can you sell mining contracts as they are lifetime on genesis?

you can only sell them to other people not over genesis

but look at mining like this I do only use money you are able to loose no one knows exactly what is going to happen with the btc price their is a point even gensis has to shut down and for them it is when it falls under 150 per btc

Like selling the account they are tied to. That is a good point being there is no reason for them to honor life time contracts when they just lose money.

yes but they are upfront about it so its a liftime contract in the lifespan of btc but I actually belive this will be a good your for btc mainstream etc

Ok that makes it less sketchy because they are up front about it. I can see that it would be good if btc blows up. Does genesis take a fee to cover power and such or is it just upfront cost and nothing else.

[bachel]

as said 0,02 cents per 10 ghs but they deduct that from mining what you see in the payout picture is maintainence fee allready deducted but if you write them a email they can tell you in more detail

also hear https://bitcointalk.org/index.php?topic=768931.0

and I belive that it was lowerd to 0,015 per 10ghs but not 100% sure about that

[needFREElunch]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

[funtotry]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

Yes check this site
http://www.coinwarz.com/calculators/bitcoin-mining-calculator
And input your data before doing it. You want to know roughly when you will ROI and how much your making per day/hour/week, whatever you want to do. Fees take up quite a bit.

[bachel]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

[needFREElunch]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

Yes check this site
http://www.coinwarz.com/calculators/bitcoin-mining-calculator
And input your data before doing it. You want to know roughly when you will ROI and how much your making per day/hour/week, whatever you want to do. Fees take up quite a bit.

Thanks checked it out.

[needFREElunch]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

[funtotry]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Sorry to rain on your parade but I think posting REF codes is not allowed here. Or is it just ref links? Idk but I would refrain from it, your post might be edited or flagged by mods.
I think there's a cloud mining comparison website but as with any investment do some background checks on each sites and see which one looks best. Asking the forums might not be a bad idea either.

[bachel]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

you get a 2.5% discount and I get the same mining power you purchase for 1 year

[needFREElunch]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

you get a 2.5% discount and I get the same mining power you purchase for 1 year

Wow that is actually really good. I will definatly make sure to help you out if it go with them

[bachel]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Sorry to rain on your parade but I think posting REF codes is not allowed here. Or is it just ref links? Idk but I would refrain from it, your post might be edited or flagged by mods.
I think there's a cloud mining comparison website but as with any investment do some background checks on each sites and see which one looks best. Asking the forums might not be a bad idea either.

dont know if its allowed but whats the diffrence between what i said and you said

[funtotry]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

you get a 2.5% discount and I get the same mining power you purchase for 1 year

Be very careful with mining sites allowing for a good ref system. Ponzis work with new investors as that is there only profit, new investors. So therefore offering a nice ref scheme will allow new investors to look at this ref scheme and be happy about there 2.5 discount, and the referrer gets nice bonuses for bringing his friend.

[bachel]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

you get a 2.5% discount and I get the same mining power you purchase for 1 year

Wow that is actually really good. I will definatly make sure to help you out if it go with them

thx

[needFREElunch]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

you get a 2.5% discount and I get the same mining power you purchase for 1 year

Wow that is actually really good. I will definatly make sure to help you out if it go with them

thx

np I should be thanking you for the info

[bachel]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

you get a 2.5% discount and I get the same mining power you purchase for 1 year

Be very careful with mining sites allowing for a good ref system. Ponzis work with new investors as that is there only profit, new investors. So therefore offering a nice ref scheme will allow new investors to look at this ref scheme and be happy about there 2.5 discount, and the referrer gets nice bonuses for bringing his friend.

Only because a Ponzi popps up every 5 sek not everything is a ponzi not even if someone gives out a ref code

Do actual resarche about companies before posting the Ponzi scam bullshit I am very sorry for your probabel lose in one of the quadropel your btc in 100h but not everything in crypto is a ponzi and as said they will shutdown if price drops under 150 and for actuall mining power just wright spoondolies an email why their sp35s are out of stock

[Bananana]

Cloud Mining can be profitable but there are too many scamming cloud mining company around. Suggest buying cloud mining only from Hashnest as it is the most reliable and is pretty cheap.

[funtotry]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

you get a 2.5% discount and I get the same mining power you purchase for 1 year

Be very careful with mining sites allowing for a good ref system. Ponzis work with new investors as that is there only profit, new investors. So therefore offering a nice ref scheme will allow new investors to look at this ref scheme and be happy about there 2.5 discount, and the referrer gets nice bonuses for bringing his friend.

Only because a Ponzi popps up every 5 sek not everything is a ponzi not even if someone gives out a ref code

Do actual resarche about companies before posting the Ponzi scam bullshit I am very sorry for your probabel lose in one of the quadropel your btc in 100h but not everything in crypto is a ponzi and as said they will shutdown if price drops under 150 and for actuall mining power just wright spoondolies an email why their sp35s are out of stock

This very very nice ref scheme is pretty big. Doubling mining power? Providing 2 mining power plans for the price of one for 1 referral is quite large. I doubt its even profitible to provide 2 plans for 1 person buying one on top of the 2.5% discount. No one knows its a ponzi before they run, or fail to provide accounting or proof of income. People don't just say their company is a ponzi.

[bachel]

Ok sorry missed the fee that you mentioned earlier. I am going to think some more before I commit to anything.

most important is make your resarche and make your own choise email them ask them about everything you want and go by your feeling you get from their answers and other user reports

that goes for every cloud mining provider and if you choose genesis pls use my code MGlCkE

Thanks for all the info I really do appreciate it. And if I go with them I will make sure to use the code. (how much commission do you make off of referrals?)

you get a 2.5% discount and I get the same mining power you purchase for 1 year

Be very careful with mining sites allowing for a good ref system. Ponzis work with new investors as that is there only profit, new investors. So therefore offering a nice ref scheme will allow new investors to look at this ref scheme and be happy about there 2.5 discount, and the referrer gets nice bonuses for bringing his friend.

Only because a Ponzi popps up every 5 sek not everything is a ponzi not even if someone gives out a ref code

Do actual resarche about companies before posting the Ponzi scam bullshit I am very sorry for your probabel lose in one of the quadropel your btc in 100h but not everything in crypto is a ponzi and as said they will shutdown if price drops under 150 and for actuall mining power just wright spoondolies an email why their sp35s are out of stock

This very very nice ref scheme is pretty big. Doubling mining power? Providing 2 mining power plans for the price of one for 1 referral is quite large. I doubt its even profitible to provide 2 plans for 1 person buying one on top of the 2.5% discount. No one knows its a ponzi before they run, or fail to provide accounting or proof of income. People don't just say their company is a ponzi.

ok your hopeless as said everyone has to make their own resarche and decide for them selfs I just gave back my experience with genesis and actually discoverd affiliat during the process of making the screenshots

but as you said with out resarche and because you are a forthen teller it has to be ponzi scam even do you dont even know what actuall ponzi sheme is

but because Ponzi is the crypto word 2015 parrots like you have to repet if they are to lazy to do their own resarche

ok last hting for tonight everyone has to do his own freaking reaserch do it well and informed and dont be a parrot make up your own mind

P.s. and just to clear it up thats why doing resarche before speaking is most important I dont get the same hashing power I also get 2.5% of the power the person purchases for 1 year I did read that wrong in the affiliat explination before

[calci]

Cloud Mining can be profitable but there are too many scamming cloud mining company around. Suggest buying cloud mining only from Hashnest as it is the most reliable and is pretty cheap.

How much return can you get on Hashnest . I mean in how many months are people able to ROI  on Hashnest ?
And also, is it giving the GH/S for an year or for lifetime ?

[clownius]

At least check my sig and use that to help assess Ponzi risk.

We had a Ponzi not even last a month (MinethatCloud from memory) recently and people still invested in it after being warned.

Lost the lot..

genesis-mining        1+4+7              => 3/7 = Probably legit (risk of fractional reserve mining)

Looks shady but not as bad as many cloud miners who are obvious ponzis and still people invest.

Seriously though the referral program sounds bad.  The are offering twice the hashing power you pay for basically.  I doubt they supply the rest out of the goodness of their hearts.  Im guessing fractional reserve