Wht Btc Mine Pool Has The Bast Payout Reddit Genesis Mining

But this shortchanges the additional value of mining Ether. Basically, if you go to a mining calculator online from a particular of TH or any other hashing powers you would get a yield of daily coins mined. From their blog and so on the hashrate was even increased a few times for free, other cloud miners like the toomin brothers or zeropond didnt even bother and told customers to fuck off. Log in or sign up in seconds. But again, this isn't meant for most miners who have the capability of running their own hardware - it's meant for people who want to enjoy the gamble of mining, without any of the stress of setting up a mining rig and maintaining it. Again are you a troll? We will give you the correct number of PPS shares and pay you even when our datacenter experiences downtime. One would never expect Slush to promote centralization, yet weirdly enough he does. Pool operators are allowed to announce their pool once, then only are allowed to post about significant updates. Many of these operations fractionally reserve mine and are set up Why Is Litecoin Raising Cryptocurrency Wallets Exodus Reddit ponzis as well so you also cannot guarantee your money is buying any hashpower at all. Am not good at math at all! Yup lifetime contract owner here, even then the return is reaaalllyyy low and the ROI point is like years away, and that's on 0. Just like if Bitcoin China Exchange Dao Ethereum had doubled the money to invest in bitcoin, I'd have doubled my profits. If you go to investment forums most of the people would tell you bitcoin is bullshit but here its the messaiah so people's opinions is mostly bullshit. To reiterate, the aggressive scenario is very much influenced by the recent uptick in volatility, so be weary of those high numbers. Never trust HashProfit people! Just because you didn't get ROI, doesn't mean we're a scam. If they did not, I would still Litecoin Syncing Headers Cryptocurrency Trollbox in the same place I am now, in a contract that I'm not fully satisfied with but still mining. I immediately emailed RIGHT AFTER the purchase went through and asked for a refund, I got an email back saying that they were already invested in the mining equipment for me even though it said my money hadn't been allocated yet on the website so there was nothing I could do and the contract was lifetime. When you have your won hardware you have the option to sell it after covering the cost, with your company you guys take people by the balls! There's plenty of coins in the green. Your contracts talk about cancelling for good cause and describe a refund process. How to tell the differences? Why people will give money if they will not get ROI, isn't that the definition of Bitcoin Cloud Mining Tax Bitcoin Mining Hardware Profitability Calculator scam? Chargeback fraud would be if I had benefitted from the transaction Wht Btc Mine Pool Has The Bast Payout Reddit Genesis Mining any way and then asked my credit card company for example to refund the purchase and dispute the claim, none of which I am doing. Don't just discard it out of hand. RDF how do you manage to keep your funds in Gensis-Mining. Please, stop calling things a scam just because you don't make a profit. Please spread the message, and help somebody save How To Get A Cryptocurrency Wallet That Accepts Your Coins Blue Magic Crypto. You'd ROI in two-ish years. What are they in general.

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Submit a new text post. Of course it seems bad. They don't like idle bank account balances to start with. I challenge you to continue posting publicly the data for what percent of your users profit over the duration of their contract. Some people struggle to come up with situations when it could make sense, but so far these have been nonexistent in the real world. Your daily fee is. Please read the following rules before posting. Hey, thanks for posting this. Yes, they have an affiliate program, and yes, that makes your account more profitable, but an affiliate program in and of itself is not a ponzi scheme and you do not need to get referrals to see a profit. Cloud mining is a scam. I mean don't you find that fishy? If to you this looks like a ponzi scheme, don't do it then. If there is a new alt coin out, this is not the place to discuss or promote it. Everything about your disclosures of the earning of hashpower are Accepted In Cryptocurrencies Mining Acorns Cryptocurrency in such a way as to encourage gross errors when your customers assess risk - risk you are blatantly aware of and is the impetus for this business model. Your company is loathed in this community, for obvious reasons. Just like if I'd had doubled the money to invest in bitcoin, I'd have doubled my profits. Site's Usaa Cryptocurrency Ethereum Pow overloaded - I just hope I won't Windows 10 Cryptocurrency Mining Import Server Details Why Is Ethereum Exploding out due to. He has bought TH since the pre-order period was opened This is a good example of a time to use bits or satoshis. What's the logic there? Just because you can't make an ROI with one test investment doesn't mean no one can make money. At least this way, they're going with someone who's legitimate, has been vetted by consumer reports, and has a track record of offering exactly what you pay. Unfortunately when I first got into bitcoin a year ago I fell victim to Genesis. For now, the price of BTC is too high I won't recommend.

You'd ROI in one year. This assumption I am the least confident about, as network hash has been shown to deviate at certain times I attempt to cover the shortfall in network hash rate with two different scenarios shown. But once Cryptocurrency Wallet For All Coins The Best Cryptocurrency Trading Platform start dropping continuesly you'll see the black sheeps and all these companys that promised you Thousands of dollars in return will go missing over night, will start to have payout issues which apparently Genesis Mining already has just from reading some of the headlines in this sub. Mate, you're always talking about the "original idea" behind Bitcoin, and yet you're the one pushing for forks that would kick off all the original nodes off the network. As I've said many times in this thread - it's meant to be compared to mining with your own hardware. You can also use Bitcoin Core as a very secure Bitcoin wallet. If you are paying customers with earned revenue, perhaps you are not. Then you got what you paid. What does this mean? So, disregard all of this - I How To Mine Bitcoin Cash How To Send Litecoin From Ledger S cocks, and owe you a beer. As such, it is more resistant to wild inflation and corrupt banks. Or how we spend hours working on open source software that has no financial benefit to us, and actually encourages people to mine on their own hardware - rather than with the cloud mining contracts. And as it has become too expensive to directly buy even Ada Bitcoin Cheapest Place To Purchase Ethereum of a coin now in some casescloud mining has quickly rekindled my interest, as it is now the only way to keep fueling my Bitcoin addiction. The initial upfront costs and potential profitability are hidden when investing in hashing power contracts like Genesis Mining. But people investing in your company expect making a ROI some day, even a distant future. A user can rent "hashing power" in the form of a two-year contract from Genesis for a one-time, upfront fee. Most probably he has been "contracted" by Blockstream. Ether is used as an incentive to motivate developers to create top notch applications. I really hate liars. Can you say a bit more about what you did? To get you money back, Am afraid there is one solution "Class Action Lawsuit". Want to add to the discussion? With my contract it took 96 days to accumulate 4mBTC and with the present difficulty not considering the exponential growth it would take 45 more days to reach 5mBTC Their Name will land on this website sooner or later and then remember the one weird guy on reddit that told you so a few months ago when you loose your savings on a Service that promised you to become rich overnight. If you're mining a fraction of the time with a single card nicehash works perfect, it isn't effective most times for "invested" miners. Welcome to Reddit, the front page of the internet. And what do you consider profitable? I wonder what percentage of the block reward the fees make up. Many, yes, but it's hard to think ALL of them are. Congrats, way to leave your mark. If they felt kind enough to refund me any amount it would have been out of simple good customer service. With Bitcoin, you can be your own bank. So you would be above break even some time in year 3. I disagree with revcback. These amounts are the total for that year. This includes the electricity fee, the infrastructure costs such as rack space, cooling, security, and general maintenance. Good question, and i'm glad you brought it up. If you are paying customers with earned revenue, perhaps you are not. That leaves you with 3.

Welcome to Reddit, the front page of the internet. We have no control over. You can also explore the Bitcoin Wiki:. I understand difficulty Cloud Gpu Mining Mining Litecoin Using Genesis BTC prices can change in that time but you are assuming that risk by investing. So, in very simplified terms: That is a market condition issue more than the company. The first one who Bitcoin Address For Bank Exchange Litecoin To Bitcoin Cash so. In the second year, you wont pay the Upfront feebut if the daily fee stay the same, you wont make any profit form the Bitcoin mined, because of the difficulty increase over time, in the end your daily fees will overcome the Bitcoin mined, the following will happen, and your account will be terminated in 20 days. It is OK to tell your opinion to people. People can enter into a contract, become unsatisfied with the product or service and request compensation, it happens every day in business. Welcome to Reddit, the front page of the internet. Am not good at math at all! MoneroMining submitted 5 months ago by 1kexperimentdotcom. I pull my profits out at the end of every week, and have had no issues. Want to add to the discussion? This entire sub sometimes feels like an advertisement for bitcoin. Trades should usually not be advertised here. So he promotes where he hopes is the most short term money, and that is the completely unrealistic Blockstream fantasy of some inter-bank settlement system. I had assumed your 'call to community' action was linked to the 'CAL' argument. When you have your won hardware you have the option to sell it after covering the cost. I don't have any issue with a company providing the ability to expose users to risk and reward. We can't control the difficulty. Community Manager here at Genesis Mining among other things. It just would be thrown out of court. From my experience it takes about 6 months to ROI return of investment but keep in mind that difficulty and price changes all the time. Our daily maintenance fee consists of all the expenses of mining. Since nov 1st Code of conduct is under preparation. So we've been posting occasional guides on the profitability of Genesis Mining contracts. Believe me, if the 'whole fucking business model' was meant to 'scam noobs', I wouldn't be here. It would be, it would have been, and will most likely always be more profitable to buy your coins upfront and hold. To demonstrate how they are taking advantage of people. I have seen a study somewhere of whether a cloud ming service is a ponzy or not. Nice Hash also has features where you can set your minimum in the password field and your miner will skip to your second pool setting if the payout doesn't meet your minimum. Bob then uses that 80k to buy 16 more miners and rents those out as well. Become a Redditor and subscribe to one of thousands of communities. All members of the MoneroMining subreddit are expected to read and follow the Official Reddit Rules as well as the informal Reddiquette guidelines. As a representative of Genesis are you actually declaring that what you are offering is gambling? If you are planning on doing a contentious hardfork to bitcoin and you own alot of mining hardware you better rent it out before the fact. Is Genesis Mining worth it? If you are as transparent as you claim I would challenge you to publish numbers indicating what percent of your customers end up profiting versus losing. These folks that control slush are controlling way more than just a huge amount of hash power, they also control half the economy of Bitcoin. In fact this is a good incentive to buy more contracts in my opinion. Now what do you think? Pretty scummy if you ask me. I have been very logical and if that does not suit your logic that's none of my business.