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Topic: Scam alert : Do NOT INVEST in Genesis Mining - page 6. (Read 257756 times)

newbie
Activity: 8
Merit: 0
looks like here are at least 2 GM affilated posters trying to always have the last word - of course always positive for GM. Maybe the moderator should block them.

Fact is: charging money for performance X, but delivering ~ 30% less performance - is FRAUD !!!

hands off. unless you want to loose money.

the only one that wins in this game is GM
legendary
Activity: 1890
Merit: 1031
I'd go even a step further and say Genesis Mining is a fraud.

I recently ordered a 100MH/s 2 year contract, and their ETH ouput is very bad. Before I complained the ETH output, I got ~ 70MH/s (average over longer period), after complaining about the inefficiency of their miners, the output increased to about the capabilities of a 80MH/s rig (thats one I actually have at home, so I can compare that quite good), but this was only 2 days ago.
The etherscan.io mining calculator they are refering to alsoc calculates much higher output than Genesis actually does.
Additionally sometimes payouts or achieved ETH are missing a day (even though internally added to the ETH balance) and the initial payout (when paying via CC you get your first payout after ~ 30day) is never shown in the stats. So their stats is basically useless.

Was trying to quit my 2 years contract, but support always writes standard respones.

Should have come to this thread earlier.

DO NOT BUY ANYTHING FROM GENESIS MINING !!!!


Lohintegerha
Newbie
*Activity: 1
member
Activity: 142
Merit: 10
Why do we have a newbie here defending GM? The last few pages of this thread seem to be dominated by his exchsne of words with other users. Shilling I would guess...

Sorry that you are disappointed about my statuts(level).
I thought that it is way more important what we have to say instead of how long we are part of Bitcoin Forum.

Following that way of thinking maybe new people should stop posting at all if you think they should not defend their opinions?


Please add something important to the topic because it is about Genesis Mining not about user status(level).


BTW maybe I am newbie on this forum but I am definately not when it comes to Genesis Mining.
Moreover I have access to VIP assistance service. Do you think that everyone have it?

I just try to make equal chances for everyone but it seems some of you are not happy about it which is your right of course...



Kind regards, Marcin
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
Why do we have a newbie here defending GM? The last few pages of this thread seem to be dominated by his exchsne of words with other users. Shilling I would guess...
member
Activity: 142
Merit: 10
I'd go even a step further and say Genesis Mining is a fraud.

I recently ordered a 100MH/s 2 year contract, and their ETH ouput is very bad. Before I complained the ETH output, I got ~ 70MH/s (average over longer period), after complaining about the inefficiency of their miners, the output increased to about the capabilities of a 80MH/s rig (thats one I actually have at home, so I can compare that quite good), but this was only 2 days ago.
The etherscan.io mining calculator they are refering to alsoc calculates much higher output than Genesis actually does.
Additionally sometimes payouts or achieved ETH are missing a day (even though internally added to the ETH balance) and the initial payout (when paying via CC you get your first payout after ~ 30day) is never shown in the stats. So their stats is basically useless.

Was trying to quit my 2 years contract, but support always writes standard respones.

Should have come to this thread earlier.

DO NOT BUY ANYTHING FROM GENESIS MINING !!!!



Hi again

Please see the video for further info from VIP assistance service:

Payout problems again and more:
https://www.youtube.com/watch?v=5yDywjwXIrQ


Regards, Marcin


newbie
Activity: 8
Merit: 0
I'd go even a step further and say Genesis Mining is a fraud.

I recently ordered a 100MH/s 2 year contract, and their ETH ouput is very bad. Before I complained the ETH output, I got ~ 70MH/s (average over longer period), after complaining about the inefficiency of their miners, the output increased to about the capabilities of a 80MH/s rig (thats one I actually have at home, so I can compare that quite good), but this was only 2 days ago.
The etherscan.io mining calculator they are refering to alsoc calculates much higher output than Genesis actually does.
Additionally sometimes payouts or achieved ETH are missing a day (even though internally added to the ETH balance) and the initial payout (when paying via CC you get your first payout after ~ 30day) is never shown in the stats. So their stats is basically useless.

Was trying to quit my 2 years contract, but support always writes standard respones.

Should have come to this thread earlier.

DO NOT BUY ANYTHING FROM GENESIS MINING !!!!

hero member
Activity: 1092
Merit: 502
Leading Crypto Sports Betting & Casino Platform
Hi again

Once again you are giving just empty words.

You did not mention what kind of contract you used to have(did they broke contract rules?), what was your upkeep rate, what was the price of contract.

What you did say is that you did not buy a lot which makes it less profitable in the frist place because of higher price per gh/s on small contracts.

When it comes to unhappy customers I do understand people who are waiting for their tickets to be solved very long.
From the other hand wrong investment in such unpredictable business like mining is investors foult.


It is impossible to predict price and difficulty changes and of course there is risk involved.
Remember that every 4 years block reward halving take place in BTC mining: http://www.bitcoinblockhalf.com/
Moreover there could be better coin showing up at any time or new mining hardware like it was with Bitmain --> Dash contracts.
Also there could be theft(hack) involved like it was with Mt.Gox.
This resulted in big BTC price dip because back in the days Mt.Gox was taking care of 70% BTC transactions. I suspect this was a reason why your contract came to an end.

Take notice that now BTC exchanging is way more decentralized so the risk that the hack will have significant impact is much lower.

There are also projects like omnisego or kyber network which are big prospects when it comes to even better way of exchanging our cryptos.


You call happy people who made profit puppets. Maybe they just thought their investment through better then you?

I gave you videos, pictures, calculations, dates, payout proofs but still you say that I did not prove anything.

This is ridicoulous or maybe you didn't even bother to look through what I posted?

It is not a rocket science to calculate that that I made a big profit if I still receive over 50 USD a day after more then 18 months (to make it easier 1 USD=3,6 PLN).
In the video you can also see how much I spend on my contracts and when it was.

Regards, Marcin


Blablablabla. I don't care little puppet.

If you believe it's profitable, get the fuck away from here and invest what you want. Go back to your Genesis Mining youtube videos getting your referees.
I'm not forcing you not to do so. Feel free to lose your money with them.
I'm just warning others.


Hi again

Looks like someone is losing it...

I am not surprised you lost your money if you are showing such level of EQ.

Don't have any arguments become offensive. Typical behaviour and so sad as well.

Too bad for you that I also have few minutes to share facts in this topic and I will do it with big pleasure.

BTW remember to buy in the dip :-)


Best regards, Marcin

Every one is sharing their opinions about genesis mining but people are getting paid are not giving any positive feedback to the company because only negative noise will make more sound when compared to positive.
member
Activity: 142
Merit: 10
Hi again

Once again you are giving just empty words.

You did not mention what kind of contract you used to have(did they broke contract rules?), what was your upkeep rate, what was the price of contract.

What you did say is that you did not buy a lot which makes it less profitable in the frist place because of higher price per gh/s on small contracts.

When it comes to unhappy customers I do understand people who are waiting for their tickets to be solved very long.
From the other hand wrong investment in such unpredictable business like mining is investors foult.


It is impossible to predict price and difficulty changes and of course there is risk involved.
Remember that every 4 years block reward halving take place in BTC mining: http://www.bitcoinblockhalf.com/
Moreover there could be better coin showing up at any time or new mining hardware like it was with Bitmain --> Dash contracts.
Also there could be theft(hack) involved like it was with Mt.Gox.
This resulted in big BTC price dip because back in the days Mt.Gox was taking care of 70% BTC transactions. I suspect this was a reason why your contract came to an end.

Take notice that now BTC exchanging is way more decentralized so the risk that the hack will have significant impact is much lower.

There are also projects like omnisego or kyber network which are big prospects when it comes to even better way of exchanging our cryptos.


You call happy people who made profit puppets. Maybe they just thought their investment through better then you?

I gave you videos, pictures, calculations, dates, payout proofs but still you say that I did not prove anything.

This is ridicoulous or maybe you didn't even bother to look through what I posted?

It is not a rocket science to calculate that that I made a big profit if I still receive over 50 USD a day after more then 18 months (to make it easier 1 USD=3,6 PLN).
In the video you can also see how much I spend on my contracts and when it was.

Regards, Marcin


Blablablabla. I don't care little puppet.

If you believe it's profitable, get the fuck away from here and invest what you want. Go back to your Genesis Mining youtube videos getting your referees.
I'm not forcing you not to do so. Feel free to lose your money with them.
I'm just warning others.


Hi again

Looks like someone is losing it...

I am not surprised you lost your money if you are showing such level of EQ.

Don't have any arguments become offensive. Typical behaviour and so sad as well.

Too bad for you that I also have few minutes to share facts in this topic and I will do it with big pleasure.

BTW remember to buy in the dip :-)


Best regards, Marcin
hero member
Activity: 861
Merit: 1001
Hi again

Once again you are giving just empty words.

You did not mention what kind of contract you used to have(did they broke contract rules?), what was your upkeep rate, what was the price of contract.

What you did say is that you did not buy a lot which makes it less profitable in the frist place because of higher price per gh/s on small contracts.

When it comes to unhappy customers I do understand people who are waiting for their tickets to be solved very long.
From the other hand wrong investment in such unpredictable business like mining is investors foult.


It is impossible to predict price and difficulty changes and of course there is risk involved.
Remember that every 4 years block reward halving take place in BTC mining: http://www.bitcoinblockhalf.com/
Moreover there could be better coin showing up at any time or new mining hardware like it was with Bitmain --> Dash contracts.
Also there could be theft(hack) involved like it was with Mt.Gox.
This resulted in big BTC price dip because back in the days Mt.Gox was taking care of 70% BTC transactions. I suspect this was a reason why your contract came to an end.

Take notice that now BTC exchanging is way more decentralized so the risk that the hack will have significant impact is much lower.

There are also projects like omnisego or kyber network which are big prospects when it comes to even better way of exchanging our cryptos.


You call happy people who made profit puppets. Maybe they just thought their investment through better then you?

I gave you videos, pictures, calculations, dates, payout proofs but still you say that I did not prove anything.

This is ridicoulous or maybe you didn't even bother to look through what I posted?

It is not a rocket science to calculate that that I made a big profit if I still receive over 50 USD a day after more then 18 months (to make it easier 1 USD=3,6 PLN).
In the video you can also see how much I spend on my contracts and when it was.

Regards, Marcin


Blablablabla. I don't care little puppet.

If you believe it's profitable, get the fuck away from here and invest what you want. Go back to your Genesis Mining youtube videos getting your referees.
I'm not forcing you not to do so. Feel free to lose your money with them.
I'm just warning others.
sr. member
Activity: 294
Merit: 250
ALl mining investments are ponzi scam!
member
Activity: 142
Merit: 10
When is Genesis coming back with more BTC contracts?
Are all scam accusations fixed and everyone is happy that he has invested in Genesis Mining?

In this case the thread should leave the scam accusations section, shouldn't it?

Maybe someone who is still invested can tell me where their mining hardware is located?

No. They didn't fix anything. They are still scamming people. Btw they never refound anyone who has been scammed by their contracts.

We don't even know where they mine (I'm not talking from a "Geographic" point of view : which pool are they using ? which blocks did they mine ?) Nothing is public.

Hi

Good to see you again.
I must say you are very active hater of Genesis Mining.

Throwing such serious accusations must be backed by some facts right?

Please show us some proofs if this is true.

Btw are you at least client of this company?

Recently in this topic I was providing a lot of evidence after you were asking for it so please do the same.


Regards, Marcin

I was a customer. So yes I know what I'm talking about. I lost money there. And I didn't get any refund. It was like 2-3 years ago. I warned them I would create a thread and keep it updated. It takes me just a few minutes per week so I'm ok saving other naive people some money by doing so.

If you need prove just read first post / their facebook / posts along this thread / other threads about them / the "trust" feedbacks on their profile. It should be enough.
Why would I lie ? And are all these guys also lying ? : https://imgur.com/7wsvlDo + https://imgur.com/Ot0aYOc

+ a lot of people are complaining of monthes without answer form support and missing payouts.

And btw you didn't prove anything. You just proved you bought hashing power and that you get some payment.
It doesn't prove you make any profit. I'm talking of $ but also of a profit in bitcoin.

Hi again

Once again you are giving just empty words.

You did not mention what kind of contract you used to have(did they broke contract rules?), what was your upkeep rate, what was the price of contract.

What you did say is that you did not buy a lot which makes it less profitable in the frist place because of higher price per gh/s on small contracts.

When it comes to unhappy customers I do understand people who are waiting for their tickets to be solved very long.
From the other hand wrong investment in such unpredictable business like mining is investors foult.


It is impossible to predict price and difficulty changes and of course there is risk involved.
Remember that every 4 years block reward halving take place in BTC mining: http://www.bitcoinblockhalf.com/
Moreover there could be better coin showing up at any time or new mining hardware like it was with Bitmain --> Dash contracts.
Also there could be theft(hack) involved like it was with Mt.Gox.
This resulted in big BTC price dip because back in the days Mt.Gox was taking care of 70% BTC transactions. I suspect this was a reason why your contract came to an end.

Take notice that now BTC exchanging is way more decentralized so the risk that the hack will have significant impact is much lower.

There are also projects like omnisego or kyber network which are big prospects when it comes to even better way of exchanging our cryptos.


You call happy people who made profit puppets. Maybe they just thought their investment through better then you?

I gave you videos, pictures, calculations, dates, payout proofs but still you say that I did not prove anything.

This is ridicoulous or maybe you didn't even bother to look through what I posted?

It is not a rocket science to calculate that that I made a big profit if I still receive over 50 USD a day after more then 18 months (to make it easier 1 USD=3,6 PLN).
In the video you can also see how much I spend on my contracts and when it was.

Regards, Marcin
hero member
Activity: 861
Merit: 1001
When is Genesis coming back with more BTC contracts?
Are all scam accusations fixed and everyone is happy that he has invested in Genesis Mining?

In this case the thread should leave the scam accusations section, shouldn't it?

Maybe someone who is still invested can tell me where their mining hardware is located?

No. They didn't fix anything. They are still scamming people. Btw they never refound anyone who has been scammed by their contracts.

We don't even know where they mine (I'm not talking from a "Geographic" point of view : which pool are they using ? which blocks did they mine ?) Nothing is public.

Hi

Good to see you again.
I must say you are very active hater of Genesis Mining.

Throwing such serious accusations must be backed by some facts right?

Please show us some proofs if this is true.

Btw are you at least client of this company?

Recently in this topic I was providing a lot of evidence after you were asking for it so please do the same.


Regards, Marcin

I was a customer. So yes I know what I'm talking about. I lost money there. And I didn't get any refund. It was like 2-3 years ago. I warned them I would create a thread and keep it updated. It takes me just a few minutes per week so I'm ok saving other naive people some money by doing so.

If you need prove just read first post / their facebook / posts along this thread / other threads about them / the "trust" feedbacks on their profile. It should be enough.
Why would I lie ? And are all these guys also lying ? : https://imgur.com/7wsvlDo + https://imgur.com/Ot0aYOc

+ a lot of people are complaining of monthes without answer form support and missing payouts.

And btw you didn't prove anything. You just proved you bought hashing power and that you get some payment.
It doesn't prove you make any profit. I'm talking of $ but also of a profit in bitcoin.
member
Activity: 142
Merit: 10
When is Genesis coming back with more BTC contracts?
Are all scam accusations fixed and everyone is happy that he has invested in Genesis Mining?

In this case the thread should leave the scam accusations section, shouldn't it?

Maybe someone who is still invested can tell me where their mining hardware is located?

No. They didn't fix anything. They are still scamming people. Btw they never refound anyone who has been scammed by their contracts.

We don't even know where they mine (I'm not talking from a "Geographic" point of view : which pool are they using ? which blocks did they mine ?) Nothing is public.

Hi

Good to see you again.
I must say you are very active hater of Genesis Mining.

Throwing such serious accusations must be backed by some facts right?

Please show us some proofs if this is true.

Btw are you at least client of this company?

Recently in this topic I was providing a lot of evidence after you were asking for it so please do the same.


Regards, Marcin

One more proof that Genesis Mining is legit and profitable company:


https://www.youtube.com/watch?v=1WbwYbysDjE


Regards, Marcin
member
Activity: 142
Merit: 10
When is Genesis coming back with more BTC contracts?
Are all scam accusations fixed and everyone is happy that he has invested in Genesis Mining?

In this case the thread should leave the scam accusations section, shouldn't it?

Maybe someone who is still invested can tell me where their mining hardware is located?

No. They didn't fix anything. They are still scamming people. Btw they never refound anyone who has been scammed by their contracts.

We don't even know where they mine (I'm not talking from a "Geographic" point of view : which pool are they using ? which blocks did they mine ?) Nothing is public.

Hi

Good to see you again.
I must say you are very active hater of Genesis Mining.

Throwing such serious accusations must be backed by some facts right?

Please show us some proofs if this is true.

Btw are you at least client of this company?

Recently in this topic I was providing a lot of evidence after you were asking for it so please do the same.


Regards, Marcin
hero member
Activity: 861
Merit: 1001
When is Genesis coming back with more BTC contracts?
Are all scam accusations fixed and everyone is happy that he has invested in Genesis Mining?

In this case the thread should leave the scam accusations section, shouldn't it?

Maybe someone who is still invested can tell me where their mining hardware is located?

No. They didn't fix anything. They are still scamming people. Btw they never refound anyone who has been scammed by their contracts.

We don't even know where they mine (I'm not talking from a "Geographic" point of view : which pool are they using ? which blocks did they mine ?) Nothing is public.
member
Activity: 142
Merit: 10
When is Genesis coming back with more BTC contracts?
Are all scam accusations fixed and everyone is happy that he has invested in Genesis Mining?

In this case the thread should leave the scam accusations section, shouldn't it?

Maybe someone who is still invested can tell me where their mining hardware is located?

Hi

Some of the mining farms are located in Iceland, Sweden and China but there are more just not sure where they are because Genesis Mining is not really sharing this info.

Please see below link to one of the farms in Iceland:

https://www.youtube.com/watch?time_continue=1&v=Eqxu_fwrDZM


Regards, Marcin

News about Monero delayed tickets:

https://www.youtube.com/watch?v=uHqYm90L-eU&t

Please follow me on Youtube to have a head start info about upcoming SHA 256 open ended BTC Genesis Mining contracts.

https://www.youtube.com/watch?v=RKl0QfIXhu4&feature=youtu.be


Regards, Marcin

News about Monero delayed tickets:

https://www.youtube.com/watch?v=uHqYm90L-eU&t

Regards, Marcin
Long time ago I vised this topic.

Thanks for the video, seems they are really working on the problem :-)

Thanks for a kind words. At least I know someone appreciate it.

Have a good day!

Regards, Marcin
member
Activity: 142
Merit: 10
Has anyone else had an issue lately of the Pending Balance section zeroing out but no transactions occurring to send them to your wallets? I have sent them a ticket about it but of course I haven't heard anything yet.

I think I know what is your problem. I assume you paid with credit card and after 30+2 days your balance did zero but you did not receive payout, correct?



If this is the case then unfortunately there was no detail about it:

"Some of you are still missing past Monero, Ethereum and balanced credit card payouts and we want to assure you that our IT and Customer Service team is working hard to get them to you."

Please see recent update about delayed tickets:

http://blog.genesis-mining.com/return-daily-payouts

or

http://blog.genesis-mining.com/september-2017-service-update


Regards, Marcin

legendary
Activity: 1890
Merit: 1031
Has anyone else had an issue lately of the Pending Balance section zeroing out but no transactions occurring to send them to your wallets? I have sent them a ticket about it but of course I haven't heard anything yet.
Screenshot? So i can see what`s up.
newbie
Activity: 7
Merit: 0
Has anyone else had an issue lately of the Pending Balance section zeroing out but no transactions occurring to send them to your wallets? I have sent them a ticket about it but of course I haven't heard anything yet.
legendary
Activity: 1890
Merit: 1031
When is Genesis coming back with more BTC contracts?
Are all scam accusations fixed and everyone is happy that he has invested in Genesis Mining?

In this case the thread should leave the scam accusations section, shouldn't it?

Maybe someone who is still invested can tell me where their mining hardware is located?

Hi

Some of the mining farms are located in Iceland, Sweden and China but there are more just not sure where they are because Genesis Mining is not really sharing this info.

Please see below link to one of the farms in Iceland:

https://www.youtube.com/watch?time_continue=1&v=Eqxu_fwrDZM


Regards, Marcin

News about Monero delayed tickets:

https://www.youtube.com/watch?v=uHqYm90L-eU&t

Please follow me on Youtube to have a head start info about upcoming SHA 256 open ended BTC Genesis Mining contracts.

https://www.youtube.com/watch?v=RKl0QfIXhu4&feature=youtu.be


Regards, Marcin

News about Monero delayed tickets:

https://www.youtube.com/watch?v=uHqYm90L-eU&t

Regards, Marcin
Long time ago I vised this topic.

Thanks for the video, seems they are really working on the problem :-)
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