Genesis Mining: The next failure of cloud mining?

MaritiJames3

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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"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

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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

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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

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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.

Daybreaker

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Yeah this is just like the same as other cloud mining business.. the old way investment site they are converting into cloud mining same schemes.. so better to dont invest your bitcoin in those business all of them are the same and waste of time..

Xmaseven

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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.

Quote from: Xmaseven on July 19, 2016, 08:33:00 AM

cloud mining most of times (99%) means scams.
they can show you a IP of mining equipment?
some photo about it? any block mined? any pool?
If the answer is no yes they are next to failure!

if they are in this condition yes they are a scam as 99,99% of cloud mining.
if they can earn more why they offer such great ROI?!

ImHash

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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.

Xmaseven

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cloud mining most of times (99%) means scams.
they can show you a IP of mining equipment?
some photo about it? any block mined? any pool?
If the answer is no yes they are next to failure!

BitcoinHodler

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HODLing is an art, not just a word...

all these cloudmining sites are a bad news for people using bitcoin, and they all have some kind of an expiration date on them, and genesis mining expiration date will come sooner than you might expect. and until that day they will continue doing things like this to OP to keep their business running without losing too much money.

janggernaut

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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!

Don't invest in cloud minning again, check this thread https://bitcointalksearch.org/topic/scam-alert-do-not-invest-in-genesis-mining-1185909 and wd all your money in there now

mobnepal

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Quote from: IanFoxley on July 19, 2016, 03:51:21 AM

Quote from: St4yInTh3D4rk on July 19, 2016, 03:47:23 AM

I dont mind as ive actually ROI'ed already but a contract held and still in force for another 4 months must be upheld.

Ive tweeted Marco anyway to get his insight as his staff dont seem to be dealing with this as had no replies back to my support requests.

Failing that they owe me 5 months. I reserve the right with contract and original invoice to sue them for the remainder. Thats easily done

Did you look at your wallet address?

You had a payout from GM 9 hours ago.

Yes, It seem solved as eth address OP mentioned is getting eth everyday around 0.5 eth every day. https://etherscan.io/address/0x32ce1e303f62e992c012866585bac0301badfb16

IanFoxley

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Quote from: St4yInTh3D4rk on July 19, 2016, 03:47:23 AM

I dont mind as ive actually ROI'ed already but a contract held and still in force for another 4 months must be upheld.

Ive tweeted Marco anyway to get his insight as his staff dont seem to be dealing with this as had no replies back to my support requests.

Failing that they owe me 5 months. I reserve the right with contract and original invoice to sue them for the remainder. Thats easily done

Did you look at your wallet address?

You had a payout from GM 9 hours ago.

St4yInTh3D4rk

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I dont mind as ive actually ROI'ed already but a contract held and still in force for another 4 months must be upheld.

Ive tweeted Marco anyway to get his insight as his staff dont seem to be dealing with this as had no replies back to my support requests.

Failing that they owe me 5 months. I reserve the right with contract and original invoice to sue them for the remainder. Thats easily done

TraderETH

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I think it is shoud not problem for you, because before you make Investment you know that mostly of cloud mining are scamed their users and you must make Investment with you can lost it. But if it becomes problem for you, for next time you must make Investment with carefully.

jhenfelipe

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You must be ready no matter what happen since you were aware of the risk before investing. Genesis mining is still a cloud mining site even though it seems to be paying at all unlike those who shut down already. Mining becomes more difficult as time goes on and that's the reason why cloud mining sites turned to scam. So the possibility of shutting down is also there for Genesis Mining. Anyway, I hope you can still get your pay out and good luck to you.

BitcoinSupremo

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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!

You had payout for what amount of time ? If you have had it for more than 4-5 months you are on a record there. Usually they pay you 2-3 months then blame the increased difficulty to shut down your miner and to not pay you anymore. Their simple explanation is if you had your miner at home you would have it shut down (how do they know that I would for example not keep it on even with loss cause maybe price of btc will skyrocket in future). Hope your situation is resolved but in the long run you will lose money with them. They were already a failure before your post by the way. And since you are mining ETH now their X11 Scrypt should be better than normal btc miners. So this situation is weird to say the least.

JeffBrad12

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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!

Just see from your title and content of this topic, All of the cloud mining is always having a chance become a failure. but waiting for a few days and looking at the situation of genesis. giving them a time before, but if happened bad things. let's taking the urgent action. So if they solved your problem and paid your payments. better to take all of your money from them. but I sure they will be the next failure cloud mining. I hope you will get all of your money from them and paid all of your payments until this time.

senyorito123

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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!

Theres no dount that genesis mining is the next failure since theyre company really is not getting the revenue they want and they know that they will collapsed if they dont want to make moves on how to sustain there business and so they join ponzi now wich is bad,

And also genisis mining have many claims to their investor that many of theme still didnt get the roi they want for the long time there money sleeping at their company and thats the main reason why its not advisable to go and invest to that site since its very risky for npw to trust them.

St4yInTh3D4rk

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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!

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