Check out the nice review on youtube: https://www.youtube.com/watch?v=ZQfOY6mSAIs

Thanks I did notice the change in the hash power but it seems a tedious task to go through all those mails (some unique and more duplicate) and verify the total hash power awarded. I trust GM and hope it was all added up correctly.

Genesis-Mining Could you explain why your customers are fully liable for hardware and software management when purchasing a fractional lifetime mining contract?

From your TOS: "The Customer will be solely liable for the maintenance of the relevant technical equipment (software/hardware) that is required to receive the above service."

What about customers who are not familiar with maintaining websites, miners, mining hardware, fractional mining software or calculators etc.?

Big enough to mention, Daniel. A lot of people expect things now, immediate, pronto, not a second to waste! So, any delay should be mentioned so people don't start worrying for no reason other then success

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miaviator, the TOS may not be clear, but whatever liability you have, no one will ask you to keep up the website literally or any such thing. I'm sure you can't even change a single character on their web pages, or enter any datacenter. And if you can, please notify GM asap
I think elrugrim is right and the fee covers any liability you may have. If you still worry, I've been with GM for like half a year now, and they've never requested me to reboot the webserver or flip the powerswitch of some miner. The only thing you have to do is buy hashrate, and in the case of SHA hashrate sit back and wait for returns, or in the case of Scrypt hashrate allocate the hashrate to the coin or coins of your choice and then sit back and wait for returns (oh, and enter a wallet where the mined coins must be send to)

Thank you Mike for pointing this out! We have added this passage explicitly to the terms to make clear that we will of course not charge the user in case the mined coins do not cover the fees anymore.

Users will mine as they always did and the contract ends in the most natural way - and that is, after there are no payouts coming anymore. Running the contract longer from then on obviously would not make any difference. Please don't get us wrong on this, but we only want the best for our clients and it's good to see that people know this.

Our legal team is working hard, but it is often not that easy to put everything in legally correct terms.

If you miss the payment contact support, they are cool, but that's probably not what happened 

Let me try to explain how it works, it was written somewhere, but never mind...

I get my payments every day on time since the day 1. On time means every day from 00-23:59 UTC for the previous day of mining.

Payments might come in short period of time, it actually happened to me as well couple of times, but it was: 22:00 UTC and 01:00 UTC, in my wallet it looked like it was the same day, but actually it was not, it was my timezone settings and LOT QT client.

So Genesis actually, sometimes, do a payout earlier during the day which I like, and sometimes later in the day.

If I go to my transactions I see all info for the single payouts, amount, time of processing and the transaction with online link to trx info.
There you can see everything, all payments are all within next 24 hours after 0 UTC for the previous day of mining.

The other day I was missing the info for the transactions, but my wallet was happy and that is what counts. Later on stats arrived and it was all correct.

When taking a contract it is better to take it earlier in a day, lets say 12:00 UTC, so 1MH will effectively produce 0.5MH till the rest of the day.
After that you will have full power every 24 hours. The same thing apply when reallocating hash power, better do it earlier in a day if you want full rate on that coin
the next day. Too small hashrate on coin can produce small amount that is not payable, but go to the transaction section and its all there.

Cheers and happy mining

hey guys,

At monday i transferred money to GM, enough to buy 3 MH/S scrypt, the guys at the bank said to me that i had to pay 25 euros as a fee (so expensive) but i put those 25 euros as GM fee cause they didn't say otherwise anywhere and i already i have to pay something like 7euros fee to buy those hashes.

Well, anyway i contacted support after the payment to see if there would be any problem and they said that it shouldn't be... Yesterday i got an email saying that they just received part of the amount and that they are waiting for the rest to upgrade for 3 hashes...

I'm kinda angry right now because my money that they have is there standing still, they didn't even gave me the hash power respectively for the money i paid and they take so much time to answer and i am here loosing coins... not very nice indeed

Nope, just requires patience. Genesis-Mining does not have fixed payout times, but you will receive a payment for every day. It can take a bit longer. Also, opposite that, don't be surprised if you receive two payments in a relative short period of time.

I discoverer not all my friend using the famous Voucher-code MOON got back in my account.
After i suggested the Genesis Mining support i got a similar load of friend added hashrate to my account.

:-)

Does it start with M and end in N? as someone as already posted that it was coming already.

I also think that Genesis should add more coins on their list and I hope Genesis will add only those coins which have high profitability level.

Great, having your coins is good! It is just a problem with their interface at the moment, always check your wallet if that happens again.

Last payment received at 13th....
What is wrong? My id is bMxlDH

Okay, I got a message from someone who couldn't post telling me (thank you!) the Terms have been changed a bit. An addition was made to make sure you don't dry up completely on an endless amount of fees:
"The Service Provider may terminate this Agreement with immediate effect if the Coins generated in the preceding 20 days do not suffice to pay the Fee under 2.b above."
If that makes you want to complain about Lifetime Contracts not being Lifetime, two things: 1, there's only thing in the entire universe that lasts a lifetime, and that's you. 2, Don't underestimate Genesis Mining, they have proven to be able to adapt to changing conditions, and they've proven to listen to their customers, so expect them to listen when things get rough