Quote from: PWMJ on February 08, 2017, 04:05:11 PM

Quote from: suchmoon on February 08, 2017, 03:46:49 PM

Quote from: PWMJ on February 08, 2017, 03:26:39 PM

IT will be interesting to watch this progression also as i have a good bit of capacity at GM.
however i am in the 4%+ affiliate range and work with a group of affiliates to always get the maximum discount.

if you buy in quantity (5Th/s+) and get a good referral you can get as low as $130 per TH/s buys.....

the S9s on the market run $150-$170 per Th/s before PSU+ Electricity and man hours.

SO the only scenario i can see losing here is if GM goes under....especially if you have a means to invest from a corporate expense situation.

So i will be following this. (just my 2cents)

Dear Newbie, you're forgetting to mention that the "maintenance fee" is ~$0.12 per kWh and if you plug it into any Bitcoin calculator you have 400+ days to "ROI" if diff stays constant, and you would barely get half of your "investment" back if diff goes up at 2% on average. SO... you may want to visit an eye doctor if you can't see that "scenario".

Real hardware at least has a resale value.

Of course...I see S3's selling for $30 all over the place...so lets equal out the "maintenance fee" with electricity. for someone new to BTC who wants to understand the working and movement etc....while not getting entangled in hardware that's a pain in the ass to use and keep mining.

I think this is a great entry level investment. again, outside of them disappearing the risk is pretty much the same in all of crypto......people can think for themselves....but disgruntled users who invested $30 and expect a return just to bash on a forum seems a bit unfair. of course i will now go in search of people who have lost a SUBSTANTIAL amount of BTC and are not paid trolls.

Never heared so much bullshit. I don't know if you are one of the Genesis Mining "minions" trying to ruin this thread lol, but it looks like it and it's not convincing. Or you are really noob and a very bad mathematician. There is no "risk" investing with them : you are just losing your money from the start.

And btw : You're not learning anything through Genesis mining. Except the fact you will learn how to receive dust in your wallet and how to lose your initial investment ; and you will probably learn never to do it again. That's all you are learning.