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RE: How I Earn $3500 Per Month Mining Cryptocurrency! (Bitcoin, Ethereum, Dash, Litecoin, Monero)

in #cryptocurrency • 7 years ago (edited)

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?

7 years ago in #cryptocurrency by
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     7 years ago 

    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

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    • Past Payouts $0.17, 0.00 TRX
    • - Author $0.14, 0.00 TRX
    • - Curators $0.03, 0.00 TRX
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     7 years ago 

    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.

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       7 years ago 

      Look at my post regarding mining you can see what I made over 4 months and how much I invested

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      • Past Payouts $0.11, 0.00 TRX
      • - Author $0.11, 0.00 TRX
      • - Curators $0.01, 0.00 TRX
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       7 years ago 

      Thanks, robbierush, will do.

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