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Anonymous
Has anyone tryied this cloud minning site? 2017-05-27 11:42:49 Post No. 2212407
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Has anyone tryied this cloud minning site? 2017-05-27 11:42:49 Post No. 2212407
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It seems highly profitable to mine ethereum with them, but not monero.
If you invest in monero at the end of the year you get more or less the same moneros than the amount you paid, of course if the price of monero soars, then you will earn a lot, but I don't like that option.
In the other hand if you buy Ethereum mining power, for 1 MH/s you get 0.0277092113058939 ETH each month which leads us to 0.33251053567 eths per year. This option costs 29.90 usd and you get TWO YEARS of Ethereum mining for that price. Ethereum difficulty grows at a steady rate, so I assume at the end of the two years, you won't get 0.66 but more like 0.40 ETH, which even at today's prices means that you would be earning money.
>The price includes the equipment
>The price includes electricity
What do you think lads? Is it a good investment?
This is the website: https://www.genesis-mining.com/a/891245
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>>2212407
>cloud mining
Goy.
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>>2212417
What do you mean? Enter here and check everything
>https://www.genesis-mining.com/a/891245
It looks like a nice biz
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>>2212407
I'm doing the maths here:
https://etherscan.io/ether-mining-calculator
and it looks like it IS profitable... with the Break-even in 8 months, and you have other 16 months to get profits in return.
What do you think?
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>>2212432
99% of them are pyramid schemes. Why don't you get your own rig instead?
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>>2212464
Because it is reviewed as honest:
https://bitcoinworldwide.com/mining/genesis-mining-review/
And electricity is expensive here.
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Cloud mining doesn't make sense to me, I see literally no reason why the whole thing is not a dud.
If someone owns mining facilities, why would he share them with someone else? If he does, there must be something fishy here.
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>>2212508
because we're paying the equipment they will inherate when the contract expires.
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>>2212529
If cloud mining is profitable, why wouldn't they mine alone and take all profit for themselves? If it is not profitable and you hardly break even, then, well, there's no point in cloud mining
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>>2212508
This. The only reason for this is to grab moni, shut it down, and keep using rigs for yourself. The difference is that if you will grab right away you won't be trustworthy. And if you will pay what you promised - goyim will say that you're a trustworthy partner, and after that you'll be bathing in goy moni, and then you grab it all and stop paying back. First gives less profit, but works in a short term, second one gives more money in the long run.
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>>2212487
Besides you should be aware that people may write reviews for moni, or even these guys can do it themselves.
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>>2212598
or not
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