Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: rpg on May 13, 2017, 04:23:05 PM



Title: Genesis mining hasn't paid for 2 days
Post by: rpg on May 13, 2017, 04:23:05 PM
Has the scam imploded?


Title: Re: Genesis mining hasn't paid for 2 days
Post by: reflexmk on May 13, 2017, 05:07:24 PM
They take like a week or 10 days to pay me for the lifetime bitcoin mining deal, it used to be every day, then every two days and then once every three days and so on.. you get the point. I laughed hard when couple of days ago I got two payments in two days, and then got another promotion from them sign up for this or that the next day. And now 5 days have passed and no payments. I've given up on them, lucky I didnt invest much.


Title: Re: Genesis mining hasn't paid for 2 days
Post by: mitkala on May 13, 2017, 07:17:06 PM
They take like a week or 10 days to pay me for the lifetime bitcoin mining deal, it used to be every day, then every two days and then once every three days and so on.. you get the point. I laughed hard when couple of days ago I got two payments in two days, and then got another promotion from them sign up for this or that the next day. And now 5 days have passed and no payments. I've given up on them, lucky I didnt invest much.

Is that becasue of the rising difficulty?


Title: Re: Genesis mining hasn't paid for 2 days
Post by: rpg on May 13, 2017, 10:28:45 PM
They take like a week or 10 days to pay me for the lifetime bitcoin mining deal, it used to be every day, then every two days and then once every three days and so on.. you get the point. I laughed hard when couple of days ago I got two payments in two days, and then got another promotion from them sign up for this or that the next day. And now 5 days have passed and no payments. I've given up on them, lucky I didnt invest much.

Is that becasue of the rising difficulty?

because they are scammers. When I bought in early on for zcash the 20 h/s were the equivalent of a rx480. Now the rx480 does 330 h/s but they raised the hashes only to 120 h/s and made you feel like how good Samaritans they are. Now they stopped paying, they want to keep it all.

People never but never buy hashes on genesis-mining.com. You will be scammed.


Title: Re: Genesis mining hasn't paid for 2 days
Post by: Dr Charles on May 13, 2017, 11:33:35 PM
as mining difficulty increases the payout decreases... unless you are continuously adding hashing power to your holdings then eventually you will stop getting payments altogether. I assume since your payments are being spread out farther and farther, maybe GM has a minimum payment threshold and since you cannot meet it on a daily basis the payments are held.


Title: Re: Genesis mining hasn't paid for 2 days
Post by: TimeTeller on May 14, 2017, 12:03:32 AM
They take like a week or 10 days to pay me for the lifetime bitcoin mining deal, it used to be every day, then every two days and then once every three days and so on.. you get the point. I laughed hard when couple of days ago I got two payments in two days, and then got another promotion from them sign up for this or that the next day. And now 5 days have passed and no payments. I've given up on them, lucky I didnt invest much.

Lucky you that you didn't invest much. Cloud mining is really not a good investment at all.

because they are scammers. When I bought in early on for zcash the 20 h/s were the equivalent of a rx480. Now the rx480 does 330 h/s but they raised the hashes only to 120 h/s and made you feel like how good Samaritans they are. Now they stopped paying, they want to keep it all.

People never but never buy hashes on genesis-mining.com. You will be scammed.

I had investments also in GM way way back. At first they will pay you, then all of a sudden the payments became intermittent until it stopped.
So lesson learned, never trust any cloud mining businesses even if they are legit.
They almost have the same trend of paying the customers, and most of the time, you will never get your ROI. As in never.
Just buy your own hardware and do your own mining, if you know what you're doing, you have the funds & of course, you have cheap or free electricity.