Topic: Scam alert : Do NOT INVEST in Genesis Mining - page 22. (Read 257821 times)

He is throwing his money away. Let's wait 3 months : His investment will be dust.

Btw Zeta, you're full of shit. Supporting this scam here. You should be ashamed of yourself. If you think you are convincing anybody you are living in a dreamworld. It's over. The company you are supporting will be over too. It may takes a few years but it's over for them.

That are some great Payouts! Love it!
Please keep the post gowning!

That are some great Payouts! Love it!
Please keep the post gowning!

Review and Update.

Latest payouts.  

Payouts   Date               Amount  
13         2/7/2017       0.39619655
14         2/8/2017       0.39102786

At this point I realized that this was all a mistake and I'd like to apologize to  ....Just kidding.  I upgraded another 200 TH/s.

Total hashrate is at 1320 TH/s

15        2/9/2017        0.4592695
16        2/10/2017      0.43685938
17        2/11/2017      0.45184163
18        2/12/2017      0.44973625
19        2/13/2017      0.44659067
20        2/14/2017      0.44675886

Total Mined BTC to date = 6.395966719



Total Invested.

   Investments   Hashpower (Th) Total Hashpower = 1320Th  Total $$$ = $166,452.00

1   $25,250.00                  200
2   $25,250.00                  200
3   $12,610.00                  100
4   $2,522.00                    20
5   $25,250.00                  200
6   $25,250.00                  200
7   $25,250.00                  200
8   $25,250.00                  200

Will continue posting results

[imghttps://imageshack.com/i/pnOR5aCaj[/img]http://

I think this is a great entry level investment.

people can think for themselves....but disgruntled users who invested $30 and expect a return just to bash on a forum seems a bit unfair.  of course i will now go in search of people who have lost a SUBSTANTIAL amount of BTC and are not paid trolls.

I think it is time that I write about my investment failure here as well. Everything was in front of my eyes and I couldn't see the negative outcome.

I have spent close to 12,5 BTC into the service and it cost around 6400 USD at the time. I have spent the majority of my BTC into the service around August 2016. Before that I have made smaller investments to see the service in action. It has been 5 months and I think it is safe to say I won't make it back.

Payments have started from 0,025 and now have fallen to 0,01 BTC per day. The amount I have gotten back in terms of BTC is 3.4 as of today. It is displayed in USD in Dashboard so it says if I have converted everything into USD I'd have made back 3.000 USD. From here onwards until the end of time I'm expecting to make another 1.000 USD so there is a net loss of at least 2.5K USD. In terms of BTC I have lost close to 8 BTC including the remaining payment I will get.

Is Genesis-Mining a scam?
- They don't reveal much of anything about their daily operations, you get payments out everyday.
- They are saying they will give out according to your share in the ever increasing Hash rate world which was aroun 1.5M TH when I invested and it is now around 3.4 M. Obviously you are gonna get less everyday.
- They state how much per GH they will charge for electricity.

So if everything is in front of you and they are saying they will do the job under these terms and you cannot see the future clearly is this a scam? That is an ethical dilemma I'll leave you to ponder about. I can think about that I have supported the BTC community but that's not how I see it.

My lessons learned:
- Don't make an investment decision late Friday night.
- Do not go all in.
- FFS read the fucking forum (I've found this forum AFTER the investment.)

I can provide screenshots and more info if needed.

Edit: If anyone wants to buy 47.5 TH I'm selling it for 3.000 USD, much cheaper then they are selling on their web site

Did you not try to ruin the official Genesis Mining Thread yourselves?

donate your money to GM.

I don't see much hope of any profits from an S9 either.

Did you not try to ruin the official Genesis Mining Thread yourselves?

Why don't we stick to the subject of Genesis Mining.

http://genesismining.freshdesk.com/support/solutions/articles/1000128858-maintenance-fee


If you take an S9, which is approximately 13 TH/s @ 1.4 kWh, this maintenance fee translates into ~0.116 USD per kWh. Or you can use the maintenance fee itself in a calculator such as this:

https://bitcoinwisdom.com/bitcoin/calculator
(use Maintain Cost instead of Electricity Price)

Let us know what you get.

Never heared so much bullshit. I don't know if you are one of the Genesis Mining "minions" trying to ruin this thread lol,

Of course...I see S3's selling for $30 all over the place...so lets equal out the "maintenance fee" with electricity.  for someone new to BTC who wants to understand the working and movement etc....while not getting entangled in hardware that's a pain in the ass to use and keep mining.

I think this is a great entry level investment.  again, outside of them disappearing the risk is pretty much the same in all of crypto......people can think for themselves....but disgruntled users who invested $30 and expect a return just to bash on a forum seems a bit unfair.  of course i will now go in search of people who have lost a SUBSTANTIAL amount of BTC and are not paid trolls.

Of course...I see S3's selling for $30 all over the place...so lets equal out the "maintenance fee" with electricity.  for someone new to BTC who wants to understand the working and movement etc....while not getting entangled in hardware that's a pain in the ass to use and keep mining.

I think this is a great entry level investment.  again, outside of them disappearing the risk is pretty much the same in all of crypto......people can think for themselves....but disgruntled users who invested $30 and expect a return just to bash on a forum seems a bit unfair.  of course i will now go in search of people who have lost a SUBSTANTIAL amount of BTC and are not paid trolls.

Of course...I see S3's selling for $30 all over the place...so lets equal out the "maintenance fee" with electricity.  for someone new to BTC who wants to understand the working and movement etc....while not getting entangled in hardware that's a pain in the ass to use and keep mining.

I think this is a great entry level investment.  again, outside of them disappearing the risk is pretty much the same in all of crypto......people can think for themselves....but disgruntled users who invested $30 and expect a return just to bash on a forum seems a bit unfair.  of course i will now go in search of people who have lost a SUBSTANTIAL amount of BTC and are not paid trolls.

The maintenance fee is deducted from your daily mining output each day and is 0.0003 USD per 1 Gh/s for SHA 256 hashpower. These are the current fees for these contracts and was updated January 24 2017.