I bought a contract for ETH (~35$) 2 for years on Genesis-mining.com (when the rate increases, it worsens).
ROI (at the current giant course) = -20%
This means that you will not only return invested funds, but lose 20% (in case of BTC mining on the ETH contract) and 30% (in case of ETH mining on the ETH contract).
In fact, you lend money to these crooks for two years and at the same time give them 20% of that money.
At least I thought so the first week, when I looked at the figures that appear on the account.
Many people know the forum fastmoney.ss - a forum for discussing crypto currency.
I bring to your attention that the administration of this HYIP forum in collusion with
www.genesis-mining.com staff.
When I reported there that on two-year contracts people will lose 20% of the investment and maybe will not be able to repay all 100% at all, by citing examples with screenshots of jnnnelf with figures and calculations, I was only insulted by the topic moderator.
I complained to the administrator of the forum, in return received a ban.
My nikname there: Suigintou
I quote video evidence of fraud of this office of scammers:
https://youtu.be/eK1ZWvqX0TsAs you can see on the video for the last 72 hours, I had 0 satosh on my account, but there were mysterious three withdraws, in the amount that is much less than the amount that disappeared from the account (BTC).
In addition, even the possibility of withdrawing less than 300,000 Satoshi is blocked by the system.
Also, nothing was sent to my wallet in these months.
Hi
You really must understand what you are using before posting something like that.
My pending balances are only for 30+2 days if you paid with credit card(for security reasons you will get your first payout after 30+2 days if minimum payout threshold is reached).
More pending balances are not possible to check except payout section by adding it yourself.
To get payout you must reach minimum payout threshold for your currency of choice. You can find it FAQ.
Moreover you cannot mine BTC with ETH contract. With this contract you can mine only ETH and ETC.
ETH contracts are not good choice because coin will switch into POS from POW.
In your allocation section you have BTC(AUTO) which is only choice to get your payouts in BTC but you don't mine it.
Difference in how high is your payout is defined by price and difficulty level.
If you want to mine BTC with Genesis Mining you must have BTC contract which are sold out.
If you buy small amounts you pay more per unit.
Example: if you buy at least 25TH/s BTC contract you pay 159 Usd per TH/s. If you buy less 169 usd and small amounts are 179 usd per TH/s
This example shows that if you buy less you will ROI longer.
You said that you will ROI faster when mining BTC with ETH contract.
Your payouts are same value because you mine ETH not BTC but price went up so BTC on your wallet was worth more.
Best Regards, Marcin