Quote from: monim1 on May 28, 2014, 04:52:28 PM

Quote from: IanFoxley on May 28, 2014, 04:47:27 PM

Quote from: monim1 on May 27, 2014, 06:34:24 AM

I am a newcomer and i think trading is a risky option for newcomer like me. So, i think mining is the best way to earn Bitcion. .I have found a post in this forum on BTC mining, where www.genesis-mining.com is offering to start mining from 0.14 usd kh/s per year. How are they offering such a low price? Are they legit?
Here is the link of that thread: https://bitcointalk.org/index.php?topic=602022.0

That company you mention does not mine BTC, they mine Scrypt coins and then each day they convert those into BTC.

Just thought I would let you know about that.

Thanks for your information. But on their promotional thread they mentioned that i can mine BTC,LTC and DOGE directly.

https://bitcointalk.org/index.php?topic=602022.msg6811160#msg6811160

You have an option to receive BTC as payment, or you can mine LTC or doge. But they mine the most profitable scrypt coins each day and send you that payment as BTC. It is much more profitable to mine scrypt coins and then convert them to BTC than mining BTC directly.

If you choose to mine LTC or doge then you get a payment in Doge or LTC each day.

Please read through this thread as it contains lots of info.

https://bitcointalk.org/index.php?topic=602022.0