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Showing 8 of 8 results by TradingMN
Post
Topic
Board Service Discussion
Re: Genisis mining and hashflare profitability?
by
TradingMN
on 02/05/2017, 05:18:24 UTC
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.
Post
Topic
Board Service Discussion
Re: Genisis mining and hashflare profitability?
by
TradingMN
on 02/05/2017, 02:33:32 UTC
I can only see these type of services to be profitable if you A). Buy the hash from them during a promotional price at a 20-35% discount from what they normally offer the same amount for alot more then what they are worth. B). You buy from someone their hash at aleast 50-65% off because they are just tired of it and waiting this long (200 days! Shocked) just to break even with what you paid for it and start to turn a profit after that time.
That is over half a year (120 days) for you to start to see anything being made back until your contract you bought is over. Roll Eyes

And you also have to consider the fees you will pay to even withdraw from the hash account to your own bitcoin wallet. That does calculate into your profits and does put a dent into the amount you paid for it from the very start.

You better work on your mathfs. 120 days is a 1/3 of a year.
Post
Topic
Board Service Discussion
Topic OP
Genisis mining and hashflare profitability?
by
TradingMN
on 30/04/2017, 01:45:09 UTC
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.
Post
Topic
Board Announcements (Altcoins)
Re: [IMX] IMPACT | NO PREMINE | POW/POS | X11 ALGO | FAIR LAUNCH IN 60 MINUTES|
by
TradingMN
on 27/04/2017, 22:22:01 UTC
Everyones tired of ICO / premine / presale scams... But what is the real purpose of your X11 non-asic resistant coin?

We are looking for fair distribution. No hype. (Don´t worry. We have a good purpose for coin)
More info comming after successful launch.

Can you please point out the purpose of this coin?

POW is over. Its pure POS. Read the first page or the website. Just like any other coin you could have answered your own questions.
Post
Topic
Board Announcements (Altcoins)
Re: [IMX] IMPACT | NO PREMINE/NO ICO | REAL LONGTERM CRYPTO | X11 ALGO | POS NOW|
by
TradingMN
on 26/04/2017, 04:10:37 UTC
A few days away from working seems pretty normal to me.

there is a team of three devs according the website.... all three with the same problem , or all three in the same car accident ?

no communication kills a coin faster then bad technics

I don't see where I said anything about a car accident. It also makes no sense to have multiple devs dealing with public relations. I haven't paid them for their services so they aren't my employees. How old is the coin now? 1 1/2 months? I think a fair amount of work has been done in the time since its release.

Guys, just chill..

peeps.. if you dont like something, just move on, there are many coins out there..
There is no point in doing saying posting things that causes -ve impact on the perception of the coin.
It's okay to have your view, post it once, dont go on and on about it.

This isn't about who is right and who is wrong, so just forget all of this please.
I think everyone involved who have even traded this coin once since it has launched and traded on exchanges would agree they made x btc on it, and are happy with what they made from it. People have reinvested in this coin since they believe it will payoff really well in the medium or long run.

I've invested heavily in this coin myself and keep a portion for trading, and the rest are always locked for a future big bull run - who doesn't want the big money!

Also, diff people have diff ways to work/communicate, we should respect that. Work whether happening or not will be communicated with its right to communicate. Forum and community will be engaged when they feel its right to engage them. So dont stress yourself with these things.

Hope there is no more discussion on the dev missing or car accidents and whatever else that you can think of.

I feel this is a genuine coin. May be I am wrong! But its not the end of the world. Run along to another coin if this doesn't suit you.
If it does, stick around, make some good money. If you believe in the coin, hold some cause I think this will be huge! Again my personal view only..

Have fun and make a lot of money either here or somewhere else, you have my best wishes.. :-)
Be happy..

Thanks..
Pushkar

guys chill? we had a little conversation and you wrote a book... I really doubt you even read another comment besides mine because your arguing on the same side...
Post
Topic
Board Announcements (Altcoins)
Re: [IMX] IMPACT | NO PREMINE/NO ICO | REAL LONGTERM CRYPTO | X11 ALGO | POS NOW|
by
TradingMN
on 26/04/2017, 03:02:59 UTC
A few days away from working seems pretty normal to me.

there is a team of three devs according the website.... all three with the same problem , or all three in the same car accident ?

no communication kills a coin faster then bad technics

I don't see where I said anything about a car accident. It also makes no sense to have multiple devs dealing with public relations. I haven't paid them for their services so they aren't my employees. How old is the coin now? 1 1/2 months? I think a fair amount of work has been done in the time since its release.
Post
Topic
Board Announcements (Altcoins)
Re: [IMX] IMPACT | NO PREMINE/NO ICO | REAL LONGTERM CRYPTO | X11 ALGO | POS NOW|
by
TradingMN
on 25/04/2017, 04:39:10 UTC
Don't forget to vote! 158 and counting.
https://poswallet.com/addcoin.php
Post
Topic
Board Announcements (Altcoins)
Re: [IMX] IMPACT | NO PREMINE/NO ICO | REAL LONGTERM CRYPTO | X11 ALGO | POS NOW|
by
TradingMN
on 25/04/2017, 03:05:51 UTC
A few days away from working seems pretty normal to me.