Genesis-Mining Review - page 20. | Bitcointalksearch.org

Glucose

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Quote from: ?? on ??

Quote from: Zeta0S on February 01, 2016, 08:22:58 PM

For now only Ethereum mining is goining like crazy

If that because of the rise of Ethereum price.If you buy Ethereum directly, can you make more profits?

Yes you will. Don't listen to Ianfoxley and Zeta0S, they are either blind or paid by GM (or hoping for referal money?)

This is the link to my scam accusation thread against Genesis Mining. They have been selling non-ROI contracts for too long. Enough is enough.

Let's attack them where it hurts : their new potential customers and their reputation

https://bitcointalksearch.org/topic/m.12482453

Zeta0S

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Quote from: ?? on ??

Quote from: Zeta0S on February 01, 2016, 08:22:58 PM

For now only Ethereum mining is goining like crazy

If that because of the rise of Ethereum price.If you buy Ethereum directly, can you make more profits?

For now i thing mining Ether is the better deal. However Difficulty is going up.

Why not do both in your portfolio?

Invulner

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Invulner

Well today I logged into my genesis mining account all my hashpower is gone... Also there is no record of any payouts I've received, etc. I think it's gone scam guys Undecided

Glucose

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Quote from: kingaltcoins on February 02, 2016, 04:57:41 PM

The concept of cloud mining in general is going down day by day.
As soon as the reward goes down to 12.5 btc the miners will have negative profitability and all cloud mining services might go down.

So investing in Genesis mining is not an exception.

I fully agree with you. All cloudmining service will go bankrupt with the halving.

Follow my advice : Do not invest here. Just buy your coins.

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: Zeta0S on February 02, 2016, 12:52:14 PM

Quote from: crazyivan on February 02, 2016, 02:19:45 AM

Quote from: Zeta0S on February 02, 2016, 12:37:27 AM

Quote from: robelneo on February 01, 2016, 11:55:37 PM

I really want to invest here but the current price is quite high for me,this is the only cloud mining site that's worthy to invest your money.they are very transparent and many good testimonials coming from their investors for me they are the number cloud mining today..

What are you gonna mine? X11 Dash or Ethereum?

The problem with those contracts is they are 1 year only. Maybe smarter idea would be the buy desired coin in the first place.

I think you get more Ethereum for example for the same 100 bucks true mining.

Remember All Bosses mine!

You do know Ether mining diff goes up big time, day by day? So current calculations mean nothing, it s all one big gamble. Also, if u get Ether immediately, you can trade it, loan it, do lots of stuff. With cloud mining, you re stuck.

LiberOptions

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Why do they have such high prices? there are a dozen other cloud mining services that have much lower prices.

Tavos

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fastdice.com The Worlds Fastest Bitcoin Dice

Well written review, though things seem to have changed slightly as I have read some stories about them randomly suspending hash rate, e.t.c
Cloud mining is basically not profitable any more.

kingaltcoins

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The concept of cloud mining in general is going down day by day.
As soon as the reward goes down to 12.5 btc the miners will have negative profitability and all cloud mining services might go down.

So investing in Genesis mining is not an exception.

Zeta0S

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Activity: 1890

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Quote from: crazyivan on February 02, 2016, 02:19:45 AM

Quote from: Zeta0S on February 02, 2016, 12:37:27 AM

Quote from: robelneo on February 01, 2016, 11:55:37 PM

I really want to invest here but the current price is quite high for me,this is the only cloud mining site that's worthy to invest your money.they are very transparent and many good testimonials coming from their investors for me they are the number cloud mining today..

What are you gonna mine? X11 Dash or Ethereum?

The problem with those contracts is they are 1 year only. Maybe smarter idea would be the buy desired coin in the first place.

I think you get more Ethereum for example for the same 100 bucks true mining.

Remember All Bosses mine!

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: Zeta0S on February 02, 2016, 12:37:27 AM

Quote from: robelneo on February 01, 2016, 11:55:37 PM

I really want to invest here but the current price is quite high for me,this is the only cloud mining site that's worthy to invest your money.they are very transparent and many good testimonials coming from their investors for me they are the number cloud mining today..

What are you gonna mine? X11 Dash or Ethereum?

The problem with those contracts is they are 1 year only. Maybe smarter idea would be the buy desired coin in the first place.

Monnt

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Great review however the payouts recently have significantly lowered without any reason... From 0.00015 to 0.00008 each day for me.

It's going to be half of that when the blocks half Sad

Zeta0S

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Quote from: robelneo on February 01, 2016, 11:55:37 PM

I really want to invest here but the current price is quite high for me,this is the only cloud mining site that's worthy to invest your money.they are very transparent and many good testimonials coming from their investors for me they are the number cloud mining today..

What are you gonna mine? X11 Dash or Ethereum?

robelneo

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I really want to invest here but the current price is quite high for me,this is the only cloud mining site that's worthy to invest your money.they are very transparent and many good testimonials coming from their investors for me they are the number cloud mining today..

Zeta0S

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For now only Ethereum mining is goining like crazy

Glucose

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Quote from: miakama on January 19, 2016, 11:33:28 AM

Has anybody experience with their ethereum mining operation?

You definitely shouldn't invest with them.

You can't ROI with GM. So I would suggest you one thing : buy Ether directly if you are interested in Ether but don't give GM your money for half of what you could buy directly.

Quote from: ?? on ??

We have a review at http://cryptocoinzone.com/genesis-mining/. We also have a 5 % promo code for Genesis Mining´s lifetime contracts

I just read a few lines of your review and - sorry to say so - it's a non-sense :

"Genesis mining is a big and transparent actor"

Really ? 1) They don't tell their customers which pool they use 2) You can't verify what blocks they find 3) They also don't tell their customers their total hash power.

+ ROI isn't just "difficulte to predicte" : it is mathematicaly impossible to ROI. Just check the difficulty rising these day and do some mathematic :

Your payout will decrease every 2 week (next difficulty +17%) but the fee they are taking doesn't ==> Which means your payout will be lower and lower until you are unable to pay the fee and they will cancel your contract. You need a miracle to ROI.

I highly suggest to everybody who feel they have been scammed by GM to put a negative trust on them, as I did. We are the one who can warn others.

gollumist

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Quote from: HostSurf on December 24, 2015, 05:49:49 PM

Selling no ROi contracts to your clients is also called scamming.
In what way is Genesis Mining different?

Why are they sending millions of bogus mails now.. exactly because after they fuck*d us with the Scrypt Hashing.. everbody left them.
In no way will I ever re-invest with them or recommend them.

+111
I am fully agreed with the above!
Since nearly 20 days there are no any payout from genesis, after a nearly 1 year regular payments receiving - small amounts, but every day. Since December last year they payments start to decrease dramatically every day and last one was on 13th of January this year.
Yesterday, after a week waiting for reply to my ticket to genesis help-desk, I got the following reply:
-----------------------
BTC / USD rate: 380 Hashpower (GHs): 22
Maintenancefee USD: 0,044 0,002 per GHs
Maintenancefee BTC: 0,00011579
Coinwarz.com result BTC: 0,00009218
Maintenancefee BTC: 0,00011579
Result minus fee BTC: -0,00002361

so you had an negative payout since then, because the maintenance fee was higher than the mining result.
As it is stated in the terms of contract, your contract will be terminated in case there are more than consecutive 20 days no payouts.
-----------------------
I am fare away from ROI and wander if somebody will reach this ever???!!!
So - the choice is yours! For myself - I will never think about to invest in genesis mining again or recommend to somebody!!!

miakama

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Has anybody experience with their ethereum mining operation?

HostSurf

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Quote from: Borgminer on December 24, 2015, 05:20:15 AM

Quote from: CjMapope on October 17, 2015, 11:33:12 PM

Quote from: hendra147 on October 12, 2015, 08:17:26 AM

Quote from: knowhow on October 12, 2015, 08:12:57 AM

We will ROI in the day that bitcoin returns into the 500 dollars or above ,with the current value we wont get nothing ,the question is will genesis mining still alive on that time ,it can take years to we get the small payments we were getting.

if bitcoin cloud silver (which they are members bitcoin foundation) can scam
I believe genesis of mining also has great possibilities for scam

That foundation's "silver" status is a boughten one. Scrypt.Cc could have been a "silver member of the BTC foundation" if they paid the fee.
GM is REAL, but the BISNESS MODEL is set to suit only them most definitally. Sneaky sneaky sirs they are

scrypt.cc is a damn scam

Selling no ROi contracts to your clients is also called scamming.
In what way is Genesis Mining different?

Why are they sending millions of bogus mails now.. exactly because after they fuck*d us with the Scrypt Hashing.. everbody left them.
In no way will I ever re-invest with them or recommend them.

Borgminer

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Quote from: CjMapope on October 17, 2015, 11:33:12 PM

Quote from: hendra147 on October 12, 2015, 08:17:26 AM

Quote from: knowhow on October 12, 2015, 08:12:57 AM

We will ROI in the day that bitcoin returns into the 500 dollars or above ,with the current value we wont get nothing ,the question is will genesis mining still alive on that time ,it can take years to we get the small payments we were getting.

if bitcoin cloud silver (which they are members bitcoin foundation) can scam
I believe genesis of mining also has great possibilities for scam

That foundation's "silver" status is a boughten one. Scrypt.Cc could have been a "silver member of the BTC foundation" if they paid the fee.
GM is REAL, but the BISNESS MODEL is set to suit only them most definitally. Sneaky sneaky sirs they are

scrypt.cc is a damn scam

favdesu

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Quote from: IanFoxley on December 14, 2015, 01:21:40 PM

Quote from: ?? on ??

We have a review at http://cryptocoinzone.com/genesis-mining/. We also have a 5 % promo code for Genesis Mining´s lifetime contracts

Your code does not work. Is only 3% discount and not 5% so I believe you have made a mistake.

Ian.

the last "lifetime contracts" I bought from them have been cancelled by genesis mining (the end of cloudmining test for me). they lost every bit of credibility on my book

Topic: Genesis-Mining Review - page 20. (Read 126905 times)