I was looking into Genesis, but I'm new to the idea of mining, so I wonder why they need us to invest in mining when they could do it themselves. (Can't they?) I'm just having a hard time seeing A. Why they need us and B. How or why it would be profitable for us. What are your thoughts on that?
They are basically like a Mining Hardware Supplier. Like BitMain. They buy from their supplier and sell to you @ a margin, get all the money + profit instantly rather than over 6-12 months
So, are we (as miners) mining to hold, because the profit will take time to realize, or is there any upfront profit in doing this type of mining? I guess I'm trying to understand the risk / reward ratio.
This post has been ranked within the top 80 most undervalued posts in the first half of Jul 05. We estimate that this post is undervalued by $19.54 as compared to a scenario in which every voter had an equal say.
"I know the guys behind the scenes at ecoinplus, its not going anywhere anytime soon" - cryptonick
When I was your age I still could figure out what to do with my life. Are you still going to college when you make this kind of money investing Nick?
Thanks for the breakdown of your mining portfolio. Would you consider talking about how much you have invested so far in upgrades?
But how much do you invest every month to have reached that point?
Not much lol
o ^_^
Damn! And you're only 16. Good for you , dude. Next upgrade, feel free to use my discount code, cnMFHS, lol
I was looking into Genesis, but I'm new to the idea of mining, so I wonder why they need us to invest in mining when they could do it themselves. (Can't they?) I'm just having a hard time seeing A. Why they need us and B. How or why it would be profitable for us. What are your thoughts on that?
They are basically like a Mining Hardware Supplier. Like BitMain. They buy from their supplier and sell to you @ a margin, get all the money + profit instantly rather than over 6-12 months
So, are we (as miners) mining to hold, because the profit will take time to realize, or is there any upfront profit in doing this type of mining? I guess I'm trying to understand the risk / reward ratio.
Look at my post regarding mining you can see what I made over 4 months and how much I invested
Thanks, robbierush, will do.
I have been interested in doing this so thank you for the info.
Good earnings! Keep it up!
Going to have to invest some time and start doing this.
How much in total have you spent on mining contracts?
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nice! I might need to do a huge upgrade to pass you up lol. Im getting $3k still pretty happy with that!