I'm amazed about the amount of negativity by some people here. The last year has seen most cloudmining operations to be utter scams. Genesis is one of the few that isn't. It seems logical to me that because they are a legit, viable operation, they cannot pay out the profits that the ponzi schemes did - or at least, what they paid out before they ran off with their user's money. That said, I find the rewards just fine. They are much better then e.g. with Zeushash. They are also MUCH better then you would get with a bank or other investment vessels.
But more importantly, if you believe there are better investments, by all means invest in those but spare us the bitching and moaning please. It's simply annoying to read and adds nothing.
Other issues that are mentioned above have been discussed, just click back a page.
Edit: looking at the banner and the post history of crazyivan, could this negative post be inspired by the wish to direct people to another ponzi scam?
But more importantly, if you believe there are better investments, by all means invest in those but spare us the bitching and moaning please. It's simply annoying to read and adds nothing.
Other issues that are mentioned above have been discussed, just click back a page.
Edit: looking at the banner and the post history of crazyivan, could this negative post be inspired by the wish to direct people to another ponzi scam?
This negative post is inspired by the fact I ve been trying hard for the last year to find A SINGLE PERSON on this forum who has reached ROI with Genesis Mining.
Again, A SINGLE PERSON. Have you reached ROI and can you provide evidence of that? Anyone else?
If there s no single person who has reached ROI with them, this means this service takes money from their clients and provides next to nothing. True, they are not ponzi, but they are a nice cloud which takes advantage of newbies to take their money and give them very little back.
What is the purpose of Genesis Mining if you cannot make money on their cloud? To take money from other people? Ha?
As long this is the case, I will post wherever I want and whenever I want, simply to warn people about the level of service they provide.
About my banner, I ll show you 200 people who reached ROI with DMD Diamond, especially since the price went up 100% about a week ago and everyone else who s been holding this coin automatically reached ROI. So pls, do share any proof about services I endorse being scam or unprofitable, pls do.
Services you endorse, on the other hand, are not scam but they are obviously EXTREMELY unprofitable. I m sure they have at least 20k clients and NOT A SINGLE person reached ROI. Brilliant service, let s all give them our money.
Hey Ivan, I think Julian was mainly writing about the posts here recently in general, not just yours.
---Julian, If Crazyivan wants to help promote the advantages of having POS (point of stake coins) and it's benefits then what is the issue? This is what I see mainly in his post history.
I think POS is good in many ways and if Ivan wants to let everyone know this, i do not really know what the issue is.
Regarding ROI I did write recently that if anyone has been mining Litecoin over time especially with Scrypt 1 year contracts then they might have reached ROI mining Litecoin especially if they sold a few days ago when Litecoin was reaching 7-8 USD each. Even now it is still at 4. If they purchased their contracts in August for example, they could still be mining a nice amount of Litecoin each day all due to the fact that the mining difficulty of Litecoin started dropping quite alot in January and February. Not every GM customer will come here and read this post but I am pretty sure there must be some people out there who must have made ROI. Perhaps they might let you know sometime Ivan.
I have reached ROI a long time ago but as I told you, this was with the help of referral hashpower too.
But if you are interested, I did do some comparison videos as you will no doubt know from September with 10GH/s SHA 256 and 1 MH/s Scrypt. The Scrypt got converted to 1GH/s hashpower in February which really reduced the amount I get back each day but even so, my original contracts cost 0.056 BTC in total and right now I have 0.04189957 BTC back. This is over 75 percent back since September so yes it has taken a long time but I still think it will be less than 600 days as we are not even up to a year yet.
The wallet address that I use for my Youtube videos is 18zUcPAXgPPSiU8r6m7mQqfkrcKRcAEEdi so feel free to take a look as every payout mentioned on the videos and also up to today are there for all to see.
Here is the address used when I paid for the contracts https://blockchain.info/address/1N8egacjonfZoXxJfHptYAc5V4JPk95X4g
As you can see 0.056 BTC was sent.
If the Lifetime Scrypt contracts and Scrypt mining in general had not gone the way it had, it is pretty possible that i would have made ROI by now on these contracts.
Ian
He did mention my nick in his post so he was writing about my posts as well.
I do respect your work and tons of data about cloud mining companies you have provided so I ll stay away this time but I still believe Genesis Mining clients are wasting their money.
