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Topic: How many BTC do you win/lose with Genesis Mining (Read 279 times)

member
Activity: 180
Merit: 10
This seems to be a rather old thread but I want to participate.

I purchased 7 contracts. All of them said that they were the "Lifetime Bitcoin - Gold" that were ended
https://i.ibb.co/ccTgjYd/happy-mining.png

https://i.ibb.co/hV9b7HB/cryptomining-blog-comwp-contentuploads201602genesis-mining-hashrate-prices-eb28215c6dcefbc576d7ad633dd95c60aa75e697.jpg

and when you purchase the hashpower with the slider it even says "Mine Forever"

https://i.ibb.co/VDZDqqF/IMG-20190619-113324.jpg


They even went as far as e-mailing me asking me to review my purchase of Lifetime Bitcoin Contract - Gold
https://i.ibb.co/gD5tPVM/20190619-082511.jpg
Here's the agreement: https://i.ibb.co/vYm4DTd/agreement.jpg

Now here's the funny part.
I explained on Twitter that they lured and attracted customers by saying that it's a "Lifetime" contract but in the agreement the terms say "open-ended" (not lifetime) which I believe to be a classic bait and switch scam. Then they ask me how old the image that I shared was claiming that I couldn't have purchased it because the details that I posted on Twitter so there was no "bait and switch." They stated that they went away from the term "Lifetime" in the later half of 2017 because it caused confusion. They somehow figure that I'm not entitled to the argument because I didn't purchase any that state "Lifetime." Obviously they're grossly mistaken.

https://i.ibb.co/30QJ3jn/Screenshot-20190619-090644-Twitter-Copy.jpg

So I'm not sure why nobody has considered taking them to court but if we can start a class action I believe that it would either give everyone what they want or force them to shut down completely. Either way, it's a win-win for most of those that have invested in the last few years.
Thoughts?
member
Activity: 119
Merit: 10
I am trying to evaluate how many people really win with this SCAM.

I invested about 0.8 BTC in october 2014 (scrypt) and they closed my contract in january 2015. I get back about 0.25 BTC, so I lost 0.55 BTC.
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