So I have been mining with Genesis Mining from my mining beginings and I have to say here that I am satisfied how things are going.I get my paymants every day, and for now it is close to my calculations. A few times I had some difficulties with my paymants and I contacted their customer service. I have to say they were fast in responding and determined to solve my problem.
Topic: Genesis mining super bad payouts! (Read 438 times)
Dont use genesis mining and try setting up your own mining rig.
Ive experienced a lot of cloud minings and all of them doesn't pay good. If you're really mining they should atleast share the tokens mined and to be able to withdraw without any minimum payout and chose your own pool then be transparent to their costumer and actually show their mining rigs.
That's why i don't invest on cloud mining sites because it is a ponzi scheme waiting to explode the news that they run the investors money with it. I think genesis mining is preparing for exit scam sooner or later because of these kind of complaints that never had been solved. And if you still invest on this kind of ponzis well, be careful and take at your own risk.
Now through Genesis, many people are getting paid on the weekly basis, i don't know about the other but Bitcoin payment is taking quite long with the increasing price of the fee and we have to be very careful when dealing with the Genesis mining.
Despite having a large and qualified company but that does not guarantee that genesis can give us the assurance we get regular income from the mining obtained. As we know that the cloud mining system is a risky thing because most cloud mining only do math calculations only, they have no hardware and will usually end up with a scam. This is the risk we have to face, we know that this is one investment, but I strongly advise to be able to make investments that much better and more promising again.You can choose to trade and also invest in an ICO, it will be much more promising and the risk can be reduced.
LOL, they deleted my message from their so-called "self-moderated" post.
The message they sent you was:
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
Quote
As some people might remember, I filed to Hong Kong police.
They requested additional evidence. And they are getting it! Genesis! YOU ARE GOING DOWN!
Not only I will ago after IceLand, but when I get replies from all them, I will go after the owners!
Here is a part from Hong Kong police reply, VERY interesting:
...
The location of company involved was visited and revealed that it is a
secretarial firm and not a physical company. There is no actual business
operation in Hong Kong and the case was classified as business dispute.
For your information.
...
My note: it was classified business, but I will get them the evidence.
If you are not OK with the payouts: Contact me PM fast!
GENESIS I AM GIVING ALL THE EVIDENCE TO HONG KONG NOW!
The message they sent you was:
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
Quote
As some people might remember, I filed to Hong Kong police.
They requested additional evidence. And they are getting it! Genesis! YOU ARE GOING DOWN!
Not only I will ago after IceLand, but when I get replies from all them, I will go after the owners!
Here is a part from Hong Kong police reply, VERY interesting:
...
The location of company involved was visited and revealed that it is a
secretarial firm and not a physical company. There is no actual business
operation in Hong Kong and the case was classified as business dispute.
For your information.
...
My note: it was classified business, but I will get them the evidence.
If you are not OK with the payouts: Contact me PM fast!
GENESIS I AM GIVING ALL THE EVIDENCE TO HONG KONG NOW!
I got money in my first three months at Genesis, then nothing since. Its a scam!
As some people might remember, I filed to Hong Kong police.
They requested additional evidence. And they are getting it! Genesis! YOU ARE GOING DOWN!
Not only I will ago after IceLand, but when I get replies from all them, I will go after the owners!
Here is a part from Hong Kong police reply, VERY interesting:
...
The location of company involved was visited and revealed that it is a
secretarial firm and not a physical company. There is no actual business
operation in Hong Kong and the case was classified as business dispute.
For your information.
...
My note: it was classified business, but I will get them the evidence.
If you are not OK with the payouts: Contact me PM fast!
They requested additional evidence. And they are getting it! Genesis! YOU ARE GOING DOWN!
Not only I will ago after IceLand, but when I get replies from all them, I will go after the owners!
Here is a part from Hong Kong police reply, VERY interesting:
...
The location of company involved was visited and revealed that it is a
secretarial firm and not a physical company. There is no actual business
operation in Hong Kong and the case was classified as business dispute.
For your information.
...
My note: it was classified business, but I will get them the evidence.
If you are not OK with the payouts: Contact me PM fast!
Hello everybody, the Genesis Mining problem gets trickier day by day, thus involving more and people along with the mysterious payout scheme that they have conceived. One thing is certain: They are not honouring their contracts. Nobody knows for sure what are the issues that they have preventing them from paying out. Marco Streng is now totally absent. He is not conveying any message to the users community. The chief technology officer seems to be a shady person uninvolved and distant. No declaration whatsoever! The support seems to be non-existent. The tech team also is so inscrutable. I actually do not see any serious or strong argument that Genesis Mining may use to their benefit in a case.
Dissatisfaction and anger are becoming a standard when it comes to this company.
Check this out:
https://www.reddit.com/r/GenesisMining/comments/86yhj5/sue_genesis_mining_and_i_will_help_with_your/
Dissatisfaction and anger are becoming a standard when it comes to this company.
Check this out:
https://www.reddit.com/r/GenesisMining/comments/86yhj5/sue_genesis_mining_and_i_will_help_with_your/
Yes, we don't have any guarantee from this company whether they will pay the withdrawals on time and how long it is going to take nobody don't know. According to their wish, they are sending the withdrawals to the people who invested in the genesis mining.
You can choose to trade and also invest in an ICO, it will be much more promising and the risk can be reduced.
People going for cloud mining do so because it's easy and doesn't require them to use something (brain cells) they don't have. Trading is like gambling for people not knowing what to do, so it's a horrible recommendation, and investing in ICO's fits in the gambling category as well. Cloud mining, regardless of which of the popular services, at least results in short term payouts, which can't be said about trading or investing in ICO's. Some people should just accept that they aren't capable of getting wisely involved in anything related to investments. Most of the people here are only losing money, do you think that's coincidence? Stupidity only yields something based on luck, and luck isn't something that you can endlessly fall back on. Result? Long term losses.
Now through Genesis, many people are getting paid on the weekly basis, i don't know about the other but Bitcoin payment is taking quite long with the increasing price of the fee and we have to be very careful when dealing with the Genesis mining.
Despite having a large and qualified company but that does not guarantee that genesis can give us the assurance we get regular income from the mining obtained. As we know that the cloud mining system is a risky thing because most cloud mining only do math calculations only, they have no hardware and will usually end up with a scam. This is the risk we have to face, we know that this is one investment, but I strongly advise to be able to make investments that much better and more promising again.You can choose to trade and also invest in an ICO, it will be much more promising and the risk can be reduced.
Now through Genesis, many people are getting paid on the weekly basis, i don't know about the other but Bitcoin payment is taking quite long with the increasing price of the fee and we have to be very careful when dealing with the Genesis mining.
I filed to HongKong police.
Should I do the same for Iceland?
Should I do the same for Iceland?
they did not steal your money, they only delay payments, genenis mining will have strong arguments if you were going to file a lawsuit against them and genesis mining will win that cause easy.
my recommendation is that you withdraw all your profits and then forget about cloud mining, that's all you can do, because a lawsuit will only make you spend money and still lose the legal dispute.
the mining mining scheme of genesis mining and hashflare was so well orchestrated that it is difficult for someone to overthrow them
Did you make some research before putting your money in this shit ? I, and others, are warning people here for 2 years (yes, 2 years) to avoid this scam. Just say thanks to Marco Streng now, and cry, noobs.
They should share the coins that are being mined. If i were you. just stop investing in that shady cloud mining site cause you will lose more money than actually profit. Better do some trading invest in it then start trading currencies or buy lots of bitcoins then hodl this is better than getting stolen from.
I filed to HongKong police.
Should I do the same for Iceland?
Should I do the same for Iceland?
Do you really think police will able to do anything in this matter? Unless and until its not legal in your country they will be helpless. It could happen that they might just ignore you by saying you that you have made investment into the project which is ponzi scheme and you are responsible for it sir! Also, genesis like company is already facing lot of law suits, I dont think it will do nay bad to them if you do so. You need create great proofs, bring similar minded and suffered people together and then apply for the law suits to take the action. Thats why the democratic power is always great.
Also, I would like to advice OP on not to get involved with such schemes at all. Genesis is real? Yes off course they are real and they have shown us lot of videos about their rigs and presence. But how are the results are doing? Not good, so dont waste the time and money too.
--- GenesisMining has its terms set up in a way that they can't be held responsible under any circumstances. --
Agreed. This is by far the most used tactics by companies to evade liabilities to their customers.
Also, some of them uses confusing words on the terms to make it difficult to understand.
______________________________________
Just for fun, maybe GM is based on a location which have a higher power cost than hashflare that makes that astounding payout difference.
Thanks for sharing this OP but your words were said many times, people will still buy their contracts, these people never learn on their mistakes.
--- GenesisMining has its terms set up in a way that they can't be held responsible under any circumstances. --
Agreed. This is by far the most used tactics by companies to evade liabilities to their customers.
Also, some of them uses confusing words on the terms to make it difficult to understand.
______________________________________
Just for fun, maybe GM is based on a location which have a higher power cost than hashflare that makes that astounding payout difference.
I filed to HongKong police.
Should I do the same for Iceland?
Should I do the same for Iceland?
Jump to: