Topic: Genesis Mining Review 2017 - Is This Bitcoin Cloud Mining Site Profitable? (Read 5428 times)

Genesis mining is not a SCAM mining site as many propose in this comment. I have been using them for a while now and have received payment several times.

Great after all the threads around the forum there is one more proof of the genesis being worst with their customers. The data you shared here is nothing but hypothetical calculation and the way to attract customers like you did yourself. If long run they will never pay you and will keep sending notice of upgrades or updating in their so called virtual system. But there is nothing like that going on behind the curtain and you should not trust the shadow on the curtain. That's the fact man, all the cloud miners are sinners and they will always take out the money you invest into them. It suck really to think about investing into any kinda cloud mining. No matter how loud they yell now onwards but they have no future now.

If you sell your soul spam referrals everywhere and get your whole family sign up with your code it will bring you some profit. Is it worth it though?
I've seen some people who claimed they made money with them, but they are rare gems. If you look at forum posts there will be one positive for every 10 negative ones. You decide.

No, NO and NO. How many thread re there about this topic and you still post shit like that.

No mate based on my experience all mining site is a scam you cannot trust them. i suggest to dont  easily fall  if there's a paying stuff before you can withdraw your earnings on it. cause if you pay for that stuff after that it shows pending withdrawal always and it will not be successful just a pending withdrawal..  like the other mining site which is promising that you will became profitable after.  But it is totally a bluff i suggest to invest or trade instead of mining in any site which is also promising that will you can earn more profite. .but it's not true.

Indeed. By the way nice review you have got there. You just made me more sure about genesis that they are scam. In fact it's not just about genesis but many of the old and new projects who rig people like this. Still I have seen stupid people investing in these kind of projects and hoping for earning one full bitcoin in a month. Lols. :-)

Anyway this should be taken really seriously as newbie are loosing the money into these projects and the owners are becoming fat day by day. After having such bad review also people keep asking about Genesis as well as hashflare too.

Mining other cryptocurrency with genesis mining will definitely give you better ROI than bitcoin.

With the rise in bitcoin and other cryptocurrency, does anyone still think cloud mining is not profitable? From my own view, I think the smallest of bitcoin will mean a lot in the long run. Don't you think so?

Yes, I don't think it's worth to invest on cloud mining even though it will be profitable, but in many cases cloud mining turn out as Ponzi scheme and many people lost their money, not genesis mining obviously as I know some people get profits after few months waiting for ROI. But, that's why I said it's not worth, waiting for months in order to get full return. I prefer to buy bitcoin, ethereum or other profitable altcoins whenever it dips and sell at higher prices, it may takes few days or few weeks instead of waiting for ROI from genesis mining which takes 4-6 months.

This is what are you looking for? https://themerkle.com/genesis-mining-customer-claims-the-company-is-now-a-ponzi-scheme/
Another cloud scam sites that already turned into the shady site as ponzi scheme, It will never be profitable, that was the easiest way to throw your money to the scammer such as the genesis mining owner.

With the rate at which bitcoin and cryptocurrency is going. Does any still think cloud mining is not profitable?

Do you live in some other planet maybe ? You are saying to us that Genesis and Hashflare are profitable which time and facts have proven they are not. I am not going into details regarding Hashflare as this thread is for Genesis and they play a game with their customers. They pay their customers for a short amount of time and then stop paying them with the excuse of the difficulty going up. There are a lot of threads regarding this.

There is still hopes from the cloud mining as long as it is genesis or hashflare,io


Currently I see they are having satisfied customer base and nobody is really complaining about them. They have good website with interactive staff also. Genesis is not like others where support with team is more than week or so many times they don't even reply us. Genesis is having project album publicly made available so it's a good proof again. I'm not pushing to much but be aware of this mine technique as they are scammers every time.

It is profitable but only if the mining service provider is working on the project for at least next decade. Why is that so? Because this much period will ensure that the project is not going to drop you and your investment in the middle of no where. This is important as the site will share a daily profit of x percentage which needs to be covered before the contract expires. So you need time and that's what will make you decide whether that project is worth investing if not.

After reading this review of Genesis Mining http://www.viral-alert.com/genesis-mining-com-review/  I did some of my own research into cloud mining. It may take a little while to get a point of breaking even with the investment cost, but I feel it's going in the right direction. Obviously you need be educated about mining difficulty and block reward rather than just the price on the bitcoin against your currency, as there are several factors to consider including timing. No get rich quick scheme here, just another investment opportunity that you take with the same care and diligence as any other investment.

I think it is still paying out to many users on this forum.  But personally saying dont go for it in 2017.  The netwrok difficulty is increasing a lot these days and prices of bitcoin are not stable yet. You may end up with scam as genesis may not bare the cost of maintenance anytime now.  Im not saying its completely bad,  it is paying but looking at the future you should put the steps with dexterous mind.   

Here is your answer : https://bitcointalksearch.org/topic/scam-alert-do-not-invest-in-genesis-mining-1185909

It's a SCAM

Thanks for your contribution. Well taken

You're trying to make this topic look like an invite to discussion but it's pure and simple advertising. Why don't you ask in one of the existing threads about GM?

We know they are mining, but they are mining for themselves, not for their clients. The clients are their milk cows, giving them 0% loans.

Is bitcoin mining really profitable? Honest comment appreciated

Genesis Mining is one among the oldest players once it involves cloud mining. They have displayed photos and videos of their installations proving they’re a true mining operation.

Prices & Payouts
The payouts are usually on time, of considerable amounts with a really low maintenance fee of $0.00079/GHs/day. The fact that payouts are done daily as well means miners fees are drawn from your payouts on each of them. A little amount of hashrate will thus be less fascinating than an enormous one.

The prices themselves are among all-time low with their lifetime supply provided you choose lots of hashrate. You can benefit from genesis mining using this promo code “EJPRUY“, you get 3% off any order.

Payments Methods
You can pay using any of the payment processor:

    Bitcoin (BTC)
    Credit card (USD)
    Wire transfer (USD)
    Wire transfer (EUR)
    Litecoin (LTC)
    Dogecoin (Doge)
    Darkcoin (DRK)

More Information
You can allot your sha256 hashrate via an easy interface to mine the subsequent cryptocurrencies:

    Bitcoin (BTC)
    Zetacoin (ZET)
    Dogecoin (Doge)
    Litecoin (LTC)
    Darkcoin (DASH)
    BitcoinDark (BTCD)
    Unobtanium (UNO)

They also provide to mine making use of  x11 either dash or automatically convert into another coin. X11 has no maintenance fee however the contracts are just okay for one year mining.

Finally you’ll be able to choose to mine Ether, also with no maintenance however with a 1 year contract.


Please share your opinion. Click here to learn more about Genesis Mining - http://samueleleyinte.com/genesis-mining-review-2017/