Hear me out. K? So, i brought for it 50eur and sold it for a 100eur. Not the best possibility, but i shouldn't be greedy. Now i'm out. Dumped.
BUT i learnt just this dawn, that i could buy a contract at https://www.genesis-mining.com/ and they would mine ETH for me, for a year.
I get 3Mhash/sec for 50eur and they promise to change it around to any altcoin if within the year ETH mining won't be possible anymore.
Notable info: as i heard China is not yet trading this ether.
So what do you think? Should i invest my surplus into this contract? Also, i have no clue what 3Mhash/s gets me in ETH.
börp
>>1072365
No.
1) All cryptocoin industries are full of scams. As a rule cash should always flow to you if you don't want to be ripped off.
2) If they can mine at profit they would double down on that and sell their coins not seek outsiders. They either can't make 50eur of coins or they think the price won't be as high later.
tl:dr its either an outright scam or they just think its too risky to do themselves.
Can anyone give me an isight on China's standing in ETh and a predistion please?
7.5mh/s. Is getting me about 0.4 -0.3 Eth per day.
Which is about $1 a day.
I paid about $130 for the year contract so I will be in profit in a few months
But it depends alot on the price of ETH.
>>1072378
You are a fucking idiot. Genesis is a trusted company.
>>1072415
>cryptos
>trusted companies
Wahahahaha. Ummm... You're the idiot here bro. I doubt anyone is saying you can't make money on speculating on this shit but as far as any of them being reputable companies? Fuck no. There has been rampant fraud in crypto mining companies, exchanges, gambling sites, etc. since the beginning. Everyone thought Butterfly Labs was straight up too and look what happened. You're an idiot for trusting any of these fly-by-night crypto shops.
>>1072410
>>1072427
So I'm trying to think what's in it for these mopes.
I guess they get short-term liquidity and hedge their risk against a collapsing price?
This wouldn't be for me. I'd probably just rather set up a mining operation unless the cost of energy is literally way lower over where these guys are at.
Also your "trusted company" doesn't stack up. They could be legit, but you would have said the same thing about MtGox, or Mintpal, or any of the other shill companies out there.
>>1072365
You can google what that will earn you in eth. You should probably research this a bit more champ
>>1072427
They are based in France dude.
if they rip me off i just catch a train and wait outside their office.
if they rip everyone off it's a class action lawsuit.
it's not some darkweb shit with just a website and throwaway email address
>>1072365
You can earn way more by just trading trash coin on margin and knowing how to read news about the altcoin and interpret a bar chart.
>>1072455
That's not how it works. If they rip everyone off they can just file for bankruptcy and start over. You won't see a dime. Also, you are pushing pretty hard for this. Are you sure you don't own that site?
>>1072365
ie. you could have made crazy money today if you would have just shorted after news broke about the coin having a "lack of funding". AKA you could have caught the dump.
>>1072487
there is no news for "lack of funding" just retarded fud spread around.
>>1072472
sure sure, I'm sure they would do that...
>>1072487
nah, i sold today, at 2.02
also, what about china?
>>1072733
What about china? China is still buying shitcoins. They still haven't heard that ETH already won crypto.
