Genesis Mining: The next failure of cloud mining?

MaritiJames3

sr. member

Activity: 448

Merit: 250

Quote from: CraigWrightBTC on July 25, 2016, 12:35:33 PM

Even if genesis mining be scam today you should be ready for it, because it is instrument of Investment always there are high risk on there. You just need skill for management of risk, it will not makes panic when you make Investment.

What you say makes little to 0 sense.
I suppose you want to say what everybody else is saying.
"Genesis Mining is a group of white hat thieves. They manipulate figures and equipment to steal money for their clients. Which is why so many are talking negative about them."

CraigWrightBTC

hero member

Activity: 518

Merit: 500

Even if genesis mining be scam today you should be ready for it, because it is instrument of Investment always there are high risk on there. You just need skill for management of risk, it will not makes panic when you make Investment.

mastica

hero member

Activity: 938

Merit: 500

Quote from: Straux on July 24, 2016, 05:29:22 PM

Contrary to popular belief, Genesis Mining is actually making a huge profit. They're most probably not going to scam very soon, they're getting new suckers every day, despite all the warnings on the forum.

I had invested at them on the old rates on the last year i were getting pennies from my investment, around 10 dollars i had achieves the 2 dollars and my payment just gone, soo this or any other cloud has no way to pay us to be able to roi and then share their profits.
I doubt big miners would open their capital soo why you believe in a possible roi at genesis or any other company?

Straux

sr. member

Activity: 412

Merit: 251

Contrary to popular belief, Genesis Mining is actually making a huge profit. They're most probably not going to scam very soon, they're getting new suckers every day, despite all the warnings on the forum.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Their advertise is very convincing, but it's a total waste of money and time. I think they are really mining crypto-currencies, so they aren't a Ponzi scheme, but the profit returns for investors is very low and become lowest each new day. As another people said here, I didn't see anyone who reached to ROI also. I suggest cloud mining investiments sites for nobody.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: BitMaxz on July 22, 2016, 04:42:57 PM

Quote from: HarryKPeters on July 22, 2016, 04:22:22 PM

I just can add to that that cloud mining is very dangerous for your money.
You put your money at risk:
- either you will lose money when they run
- or you won't get ROI.

Almost all cloud mining are scam.. better to stay away in their service they are always attracting people to invest they are also offering go promotion thats why they can still get members here even in organic traffic
Also if you think cloud mining or even solo mining right now is not profitable so is impossible that they can still alive they can get profit. but the truth the profit and their hardworking for their site they will still run.. and never comeback they can only say that their hack but the truth is not..

Where talking about genesis-mining here and how come you joined the other cloudmining wanna be, but really genesis mining is the big failure incoming since there is no investor yet reached their roi already for investing in that site and since they are struggling company i believe that they are now ponzi so better we keep off investing on that site so we will not be their victim when they are bloated and collapse,

We should think twice or even trice cloudmining investment is the most dangerous investment existing here (My Opinion) so keep out if you can to avoid losing your very hard earned pennies in your pocket.

Supercrypt

legendary

Activity: 1554

Merit: 1054

I would not be surprised if they were to shut down any day.

I am still surprised to the number of people still trusting cloud mining sites, but I respect their decisions. They just can not come crying to us if they were warned multiple times, but for those new to cloud mining sites, it would be a great lesson for them.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Once you purchase their contracts, all u do is to finance expansion of their farms. In all my time in crypto, I ve been unable to find a SINGLE person who s reached ROI with them. Big time failure.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

Quote from: HarryKPeters on July 22, 2016, 04:22:22 PM

I just can add to that that cloud mining is very dangerous for your money.
You put your money at risk:
- either you will lose money when they run
- or you won't get ROI.

Almost all cloud mining are scam.. better to stay away in their service they are always attracting people to invest they are also offering go promotion thats why they can still get members here even in organic traffic
Also if you think cloud mining or even solo mining right now is not profitable so is impossible that they can still alive they can get profit. but the truth the profit and their hardworking for their site they will still run.. and never comeback they can only say that their hack but the truth is not..

HarryKPeters

hero member

Activity: 896

Merit: 1000

Live Stars - Adult Streaming Platform

I just can add to that that cloud mining is very dangerous for your money.
You put your money at risk:
- either you will lose money when they run
- or you won't get ROI.

Newcoins2020

sr. member

Activity: 406

Merit: 250

Quote from: gentlemand on July 22, 2016, 09:41:31 AM

Aren't they all going to fail in time? I'm surprised there are any attempting to continue after the halving. It's going to become even more centralised and elite than it ever was before and the real professionals aren't going to bother selling magic beans to nobodies.

Genesis Mining has been one of the oldest ones, but like all others they are not offering profit.
As a matter of fact the did screw their customers over many times and were able to get away with it.

Finally people are see the true Genesis Mining

Ryan Dugan

hero member

Activity: 924

Merit: 501

Quote from: St4yInTh3D4rk on July 18, 2016, 06:51:41 PM

Just thought i would post here as Genesis Mining are dodging giving me my "Mining Reward".

They have blamed it on a bug but doesnt rub as others received their payouts.

I still have a contract for the next 5 months on Ethereum which STOPPED PAYING OUT 2 DAYS AGO.

Heres my ethereum address: 0x32ce1e303f62e992c012866585bac0301badfb16

Just a heads up. I will update if resolved. No apologies as yet though!

It is too tempting and easy for them to make one big pay and 2 years work in just seconds by taking off the site to never be seen ever again even on twitter or Facebook. They have made much already so they can stop with a nice bonus payout. That is how scams are. Sad

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Aren't they all going to fail in time? I'm surprised there are any attempting to continue after the halving. It's going to become even more centralised and elite than it ever was before and the real professionals aren't going to bother selling magic beans to nobodies.

robelneo

legendary

Activity: 3416

Merit: 1225

With all the big name in the cloud mining industry going down one by one,people should realize that cloud mining is also a risky business,if they look at the roi of your investment you will realize that it is not really worth it ,as one guy on reddit says,cloud mining are created for people who are bad in Math..

social crypto coin

member

Activity: 112

Merit: 10

i think your must contac customer service help genesis mining
your must ask why your account not paying what is problem
and wait solution answers customer service help genesis mining

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

This is a common problem of any cloud mining site almost all are starting to weird thing after that wait for many people are saying they are also didnt receive any withdraw or pending.. and declare that they are scam.. someone say that they giving back the amount of what you invest.. but the truth are not..

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

But again one begs the questions how can:

1. There be no maintenance fee's attributed to 2 year contracts on X11 and 1 Year contracts on ethereum.

The idea of being in business is to make money not sponge it away.

Luckily i no longer mine bitcoin due to volatility and have put all my gpu's to ethereum which pays out what im happy with per day.

I wont be going cloud mining again. Its more likely ill buy more hardware.

BlockEye

legendary

Activity: 1148

Merit: 1097

Bounty Mngr & Article Writer https://goo.gl/p4Agsh

Genesis Mining just opened X11 contracts meaning more money coming in as it was sold out before and in the past those cloud mining sites who suddenly offers something to the investors runs away after a few weeks. Example is Cloudminr.io

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Yes got 1 payout but now missing 2 according to the date ranges.

Im gonna re-evaluate my payouts by date and post an update. I wouldn't be surprised if there was any other missing.

I would advise all other Genesis customers to also check their payouts also. With the launch of more X11 i find it doubtful they are mining at all... I only have 100MH there and 100MH at home however I mine 0.11eth per day more at home than i get from genesis!

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Quote from: ImHash on July 19, 2016, 08:37:00 AM

people should know that genesis mining is nothing but a huge waste of money, they will take your money and give you back shit
no refund no responsibility nothing, believe me when I tell you that you get more just by holding your coins.

People are obsessed and make more attractive like this sites a ponzi sites which they want to earn instantly just trusting in those and giving coins to this untrusted guy and expect that there money will grow. Well this I guess genesis mining is the second biggest cloudmining sites next to hashocean and they willbecome scam sooner or later.

Topic: Genesis Mining: The next failure of cloud mining? (Read 1679 times)