Genesis-mining.com || World's leading hashpower provider! - page 42.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: Makingsure on March 05, 2016, 12:26:56 PM

Quote from: Genesis-Mining on March 04, 2016, 08:34:52 PM

We provided a number of photos and videos from our farms. There are testimonials from several hardware manufacturers on our webpage. For some time we also provided some mining addresses to proof that we have a couple of PH/s (we posted the addresses here on bitcointalk). We post pictures from our team and are on all major conferences around the world. And we are in this business for more than two years and we will continue in doing so.

Your Genesis Mining Team

ok so str8 up, what pool do you use, and why not your own if "your a world leader" in this sector?
how much power do you own? its that simple, not "a couple ph, months ago" why can you not tell your customers? (fractional mining maybe?)
just be transparent OMG how hard is that are you familar with gethashing's platform? it's not a security issue to be transparent, grow up
why no way out or upgrade on contracts? 100,000 satisfied customers? take the poll again....
you say a hash market like other places is a legal issue, you are full of shit, do you think we are dumb? as long as there no fiat exchanged in that market (btc to ghs and vice versa) ITS NOT A LEGAL ISSUE STOP LYING, you just dont want us to have a way out, simple.
EVEN ZEUSHASH offeres a new old to new upgrade program, are you saying the chinese care more about our accounts than you?
i await your responses but you will prob just ignore the questions as usual

There is no way to proof that every contract is covered. If we show you 100 PH/s, you could claim that our clients have 101 PH/s. Fact is that we have honored each and every contract since more than two years and we will continue to do so. We are working on more videos to show that we run a huge mining operations around the world.

Recently, the SEC has called in one case mining contracts "securities". Our legal team has advised us to keep the contracts as machine leasing contracts and to not make them tradeable assets, which could be problematic. We are looking into ways, how we can change this going forward.

Your Genesis Mining Team

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: babs1975 on March 06, 2016, 05:59:16 AM

Quote from: IanFoxley on March 06, 2016, 04:23:19 AM

Quote from: babs1975 on March 06, 2016, 04:18:44 AM

I have also not received any payouts for the past 10 days or so. It will be important that Genesis issues statements to its investors so that they understand what is going on. Otherwise this might be construed as a scam.

@Babs, check your contracts as if you had older contracts with older fees then those payouts would have stopped paying out now.

If you had 0.0015 USD per GH/s fees, then they have stopped paying out since almost a month ago now.

But just contact their support and they can can help you out as support on these forums is limited I think.

Just some advice anyway.

Ian

Thanks so much for information. I will raise a support ticket on Genesis-Mining for more clarification.

Yes, best to do that I think.

babs1975

full member

Activity: 210

Merit: 100

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Quote from: IanFoxley on March 06, 2016, 04:23:19 AM

Quote from: babs1975 on March 06, 2016, 04:18:44 AM

I have also not received any payouts for the past 10 days or so. It will be important that Genesis issues statements to its investors so that they understand what is going on. Otherwise this might be construed as a scam.

@Babs, check your contracts as if you had older contracts with older fees then those payouts would have stopped paying out now.

If you had 0.0015 USD per GH/s fees, then they have stopped paying out since almost a month ago now.

But just contact their support and they can can help you out as support on these forums is limited I think.

Just some advice anyway.

Ian

Thanks so much for information. I will raise a support ticket on Genesis-Mining for more clarification.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: babs1975 on March 06, 2016, 04:18:44 AM

I have also not received any payouts for the past 10 days or so. It will be important that Genesis issues statements to its investors so that they understand what is going on. Otherwise this might be construed as a scam.

@Babs, check your contracts as if you had older contracts with older fees then those payouts would have stopped paying out now.

If you had 0.0015 USD per GH/s fees, then they have stopped paying out since almost a month ago now.

But just contact their support and they can can help you out as support on these forums is limited I think.

Just some advice anyway.

Ian

babs1975

full member

Activity: 210

Merit: 100

★777Coin.com★ Fun BTC Casino!

I have also not received any payouts for the past 10 days or so. It will be important that Genesis issues statements to its investors so that they understand what is going on. Otherwise this might be construed as a scam.

Makingsure

member

Activity: 140

Merit: 10

Judge a Man not by his postcount,but by activity

Quote from: Genesis-Mining on March 04, 2016, 08:34:52 PM

Quote from: Makingsure on March 04, 2016, 06:59:49 PM

Quote from: ?? on ??

Well, every operation that has been unable to disclose a mining address and proof of mining has suddenly disappeared and there has been no reason to believe that this would be any exception.

sadly i would agree ;\

We provided a number of photos and videos from our farms. There are testimonials from several hardware manufacturers on our webpage. For some time we also provided some mining addresses to proof that we have a couple of PH/s (we posted the addresses here on bitcointalk). We post pictures from our team and are on all major conferences around the world. And we are in this business for more than two years and we will continue in doing so.

Your Genesis Mining Team

ok so str8 up, what pool do you use, and why not your own if "your a world leader" in this sector?
how much power do you own? its that simple, not "a couple ph, months ago" why can you not tell your customers? (fractional mining maybe?)
just be transparent OMG how hard is that are you familar with gethashing's platform? it's not a security issue to be transparent, grow up
why no way out or upgrade on contracts? 100,000 satisfied customers? take the poll again....
you say a hash market like other places is a legal issue, you are full of shit, do you think we are dumb? as long as there no fiat exchanged in that market (btc to ghs and vice versa) ITS NOT A LEGAL ISSUE STOP LYING, you just dont want us to have a way out, simple.
EVEN ZEUSHASH offeres a new old to new upgrade program, are you saying the chinese care more about our accounts than you?
i await your responses but you will prob just ignore the questions as usual

Borgminer

hero member

Activity: 758

Merit: 500

agreed contracts a way overpriced . impossible to break even on sha256 contracts

bitcoinpete

sr. member

Activity: 325

Merit: 250

Quote from: Wintermute on March 01, 2016, 08:31:13 AM

Quote from: bitcoinpete on February 29, 2016, 05:22:30 AM

Havent received any payours for sha256 for a couple weeks now looks like a huge scam!

The sha contracts produce a number of Bitcoin per day and some of it is used to pay for electricity. Due to the huge increase of difficulty in the last couple of months the Bitcoin payouts are not enough to pay for the electricity.

https://bitcoinwisdom.com/bitcoin/difficulty

I assume your contract is not paying anymore because payouts are lower than electricity cost ("maintenance fee").

Looks like Genesis mining is making some nice profits for themselves, shitty PR job with the bad contracts they sold. I lost quite a bit with my sha256 and my referrals did as well, sent quite a few emails trying to get a refund or bettter deal for a new contract with no luck. Genesis mining is a joke I hope they all go bust soon.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: Makingsure on March 04, 2016, 06:59:49 PM

Quote from: ?? on ??

Well, every operation that has been unable to disclose a mining address and proof of mining has suddenly disappeared and there has been no reason to believe that this would be any exception.

sadly i would agree ;\

We provided a number of photos and videos from our farms. There are testimonials from several hardware manufacturers on our webpage. For some time we also provided some mining addresses to proof that we have a couple of PH/s (we posted the addresses here on bitcointalk). We post pictures from our team and are on all major conferences around the world. And we are in this business for more than two years and we will continue in doing so.

Your Genesis Mining Team

Makingsure

member

Activity: 140

Merit: 10

Judge a Man not by his postcount,but by activity

Quote from: ?? on ??

Well, every operation that has been unable to disclose a mining address and proof of mining has suddenly disappeared and there has been no reason to believe that this would be any exception.

sadly i would agree ;\
would be nice to have statement instead of nukes....

"so genesis just sent out emails
they have started a crowdfund to try save their business by fundraising a company
"to invest in long term mining contracts"
guess where and who is the founder? you guessed it our most recent fav scumball, Marco streung, at genesis mining
what a joke! lol
good to know their getting broke tho, looking for new scam "legit" business models to scheme up "

damn even zeushash is offering a conversion of old hashpower on their new platform, and they WERE a way shitter service then genesis before the last 6 months here ;\
difficulty , we all understand, but they str8 up screwed us and gave us nothing but "Thumbs Up" advertising the whole way, and contunue too
its no way to run a bisness, not a legit one

Zeta0S

legendary

Activity: 1890

Merit: 1031

Genesis Mining thank you for the Ethereum contracts. From the first day i know you did not list Dash ($4.57) and Ethereum for nothing. Now i am earning all the Ether You mined in my behave.

Totday Ethereum reached 10 Dollars! 10 Dollars Wow! And Dash is skying to!

(source: http://www.bitcoinupdate.nl/ http://coinmarketcap.com/ )

Many thanks for your early vision,

Zeta

ZorroPai

full member

Activity: 233

Merit: 100

Quote from: bitcoinpete on February 29, 2016, 05:22:30 AM

Havent received any payours for sha256 for a couple weeks now looks like a huge scam!

Hello bitcoinpete,

I changed to BTCD and I get regular payments.

Kind regards,
ZorroPai

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: bapparabi on February 23, 2016, 11:09:57 AM

i am happy that three latest maintenance free is 0.0045 per 10 GH/s whci is great news ...now we can get better return

I am really noticed the difference, paymenst for BTC only are close to 9 dollars now.

Wintermute

full member

Activity: 178

Merit: 100

Quote from: bitcoinpete on February 29, 2016, 05:22:30 AM

Havent received any payours for sha256 for a couple weeks now looks like a huge scam!

The sha contracts produce a number of Bitcoin per day and some of it is used to pay for electricity. Due to the huge increase of difficulty in the last couple of months the Bitcoin payouts are not enough to pay for the electricity.

https://bitcoinwisdom.com/bitcoin/difficulty

I assume your contract is not paying anymore because payouts are lower than electricity cost ("maintenance fee").

bitcoinpete

sr. member

Activity: 325

Merit: 250

Havent received any payours for sha256 for a couple weeks now looks like a huge scam!

bapparabi

hero member

Activity: 826

Merit: 1000

i am happy that three latest maintenance free is 0.0045 per 10 GH/s whci is great news ...now we can get better return

minator99

newbie

Activity: 5

Merit: 0

Quote from: Madmach on February 20, 2016, 02:03:48 AM

Yea, "Lifetime Bitcoin Mining contract" Cheesy

Nice joke.

Genesis Mining operate under European Law (German). They are subject to strict laws. They cannot claim a lifetime contract if they are going to end it after a short time. Under European law, they cannot rely on an unfair clause in their contract. The courts strike these clauses out.

Genesis Mining should be careful how they handle their lifetime bitcoin mining contracts. They now have a substantial number of users and would likely face a class action if they try to terminate lifetime contracts after such a short time.

bubbaj

full member

Activity: 376

Merit: 101

If Etherem is the next big thing GPU mining will only last a few months, someone will work out how to have an ASIC chip mine it and it will go the same way as all of Crypto. It is the only industry that I have seen that kills itself. As for the 3x price hike by Genesis what do you expect, they are not in the game of losing money.

Madmach

full member

Activity: 121

Merit: 100

Yea, "Lifetime Bitcoin Mining contract" Cheesy

Nice joke.

IanFoxley

legendary

Activity: 910

Merit: 1000

Well if you all think GM charges too much for Eth contracts then do not buy them.

But what they are doing is no different to what others would do.

I bet if BTC price rockets then the prices of mining machines would do too or do you think people will still sell them off cheap on Ebay. Do you think Bitmain would lower the price. Course not. People would want them so demand means higher prices.

I also remember when GPU prices skyrocketed in late 2013 because people were buying them up to mine Scrypt with. Retailers knew this so prices of graphics cards went up. Perhaps the Gpus that GM need were in short supply so had to pay more for them. Only GM know what the costs were so if you think it's too much. Do not buy. Just buy eth direct. It's simple and you all have a choice.

Topic: Genesis-mining.com || World's leading hashpower provider! - page 42. (Read 400197 times)