Quote from: Cereberus on May 01, 2017, 07:11:28 PM

Quote from: TradingMN on April 30, 2017, 01:45:09 AM

Ive been mining for a while but recently had to start moving around the country so i handed off my antminers to a friend and sold my baikals. I decided to buy cloud mining with the baikal money. I was wondering what people thought of these 2 services.

www.genesis-mining.com was what I chose for x11. Its just about the same price as hashflare but genisis is 2 year and hashflare is 1. Also a google search gave me a discount of 3% with the code S18cZt. I used it twice so its a multiuse. I got 800Mh for about 3750$ USD. I figure ill ROI in about 200 days or less.

www.hashflare.io is what I chose for Sha-256. Its a lifetime contract and it seems like ROI might be a bit high like a year. I couldnt find a promo code for hashflare that worked so if you have one please share. I only bought 5Th on hashflare to see what the payouts are like after the maintenance fee. It was 600$ USD for the 5Th.

I was just wondering what other users of these services think. Im looking at buying more but I figured I would see what I get out of a month with current contracts. If anyone is interested I can post random payouts with hashpower rate. If your not a user of these services then I'm not looking for your opinion. Ive read all the posts about it being a scam but the majority are from 2-3 years ago and these 2 companies are still around. I just really want to know what people paid and what their ROI was if it even happened.

So you spent 3750 USD for buying hashpower from Genesis mining ? That is the dumbest decision anyone can make in my opinion. Why ? Because with that you can build 2 mining PC-s with 4-5 RX 480 GPU-s to mine with. I can say you can make a good 2 computers with each one having 4 RX 480 GPU-s.

Let's make some calculation now:
A RX 480 8GB can make you with stock settings (if you undervolt you make more) about 2.2 USD per day profit while 4 can make you 8.8 and 8 can make you 17.6 USD a day with the actual bitcoin price and considering you mine Equihash and Ethereum.

Within 200 days you will make 200x17.6 USD 3520 USD, yes I know it's a bit less but you have your equipment and you will be sure that no one will shut down your miners like Genesis Mining do and you will continue to mine for at least 2 years without a problem(actual life a video card if you keep it running 100% of the time 24/7 but maybe more). Guess what, ROI is super with 2 such PC-s set up for mining.

Next time do a bit more of research before investing in shit scam cloud mining websites.

You clearly didnt even read my post. I dont know where Im going to keep the machines? In my pickup? In a magical trailer? If you think thats the dumbest thing ever then you clearly didnt read it. Why would I build rigs when I have asics and had baikals? 4g isnt like some life killing mistake. If I loose it then i loose it and thats about as upset as ill get over that. Thats only 1 week of pay for an engineer, worth it.