Message to Genesis mining :

To be fair with your customers you have to re-activate the contracts you cancelled last month.

BTC price has increased of 42% at the time of speaking. You can't say the fees are covering the profit anymore.

Try to show us you care about your customers and are not mining only for yourself.

Our authorities decided not to regulate it at the moment. But our banks doesn't accept bitcoin directly. We have exchange plateform, like everywhere else and you are free to use bitcoin. But bitcoins earning are subject to federal taxation (like every fiat earning..).

But it's true we have several BTC business coming here (Xapo for exemple...)

Well, we all have to admit : it's well known a few early adopters control an important part of the bitcoins. But what you say is really an important fact to remember.

One can't just consider 1 address = 1 individual. It would be really absurd.

But you also have to remember that the bitcoin network is still young. Wealth will have a better repartition in a few years...

Just want to say good luck.

I love your Color Swarm project by the way. Looks like a really funny idea :-)

If I have to answer 1 of your question : yes you should organize a pre-sale of your book. A crowdfunding project could be good to offer a preview of what we are paying for.

I agree with him. Let's focus on the developpment. Yes price is going low. But it will just increase the possibility for new users to buy clams. That's not so bad. You can't change the rules just because one man is digging a lot. That's part of what clams distribution was.

You better try to focus on developping the clams environment, which is quite poor in my opinion.

Let's check tomorrow then. Because today even with the fees, we are supposed to be in profit.

Yes, but I changed it to 245 and was in profit too ;-)

If I use the numbers you give, I'm supposed to be in profit (according to coinwarz). Are you sure about the "power used" number ?

Let's wait and see if GM send something..

Has anyone made some calculation... Should 2$ / TH get a payout with the increase of BTC price or is it not enough?

Thank you for your answer. You are probably right. I'll do it for fun anyway. It probably could be useful for someone, someday
 I'll let you know if/when it's done.

The major announcement was that all their old contracts are useless ? And still no goodwill measure for their oldest customers.

They will get what they probably deserve : no more investment here and a bad publicity.

I'm not paid with my older contracts. So there is a problem somewhere ^^

Unless you don't have 0.02$ /ghs contract but 0.015 ?

Yeah. That's true. I should have been more suspicious about the fees. But, Genesis Mining is also very shady.

As I say, they are hiding a lot of informations for no reason (for exemple the blocks they resolve with our hash, the total hashrate).

I believe they are "half ponzi" "half mining" and shouldn't be trusted.

Maybe because all your old customers lost their money ?


If you want to attract new customers, you better find a solution for us and an other answer. Because we will keep complaining here.

Damn, they erased my post one more time ^^

You should answer your customers tickets instead of erasing my posts here. If you take more than 4 days to answer my e-mail, it means you have some work to do right ?

I love your communication skills GM


Yeah. This is no proove. It's just a good excuse for them. So they can keep the informations we are asking for (total hash, blocks found, etc..).

Hey Dooglus.

Would you be interested in a french translation of the FAQ ?

I could do it for free (or a free tip of your choice). Just let me know and I can do it in a few days.

If you had an "old" contract (0.002 fee / ghs) he is worthless now. Your profit is 0 with the fee GM is taking and the actual BTC price / difficulty.

If you have a "new" contract (0.0015 or 0.0012) you still have a payout but you have to hope BTC price will rise & difficulty won't rise too much..

Maybe you have both of it, so you still get paid a little something..


I agree.

Perhaps asking for 0.0012 is too much. But I think they could do a gest of goodwill. We "old" customers were the first to trust them, to give them capital, etc..

You mean this guy Galdur ?

If I was him I would hunt them to try to get my money back..

Thank you. This archive is quite an epic one

Dear Marco

Instead of deleting my posts, why don't you show to the world how much I paid your company and how much I "mined" ?
Why can't you prove I'm wrong when I'm saying no body will ROI with you ? Face my posts instead of deleting it.


My post has been deleted 3 times. I'm saying you have to find a solution for your old customers and, yes, I have opened a scam accusation thread against GM because I think the risk is way too high and no body should invest in it.

Your own exemple shows it Marco : what if BTC doesn't go to 300 but goes to 170 instead ? You don't even say that difficulty will keep rising (which means your new customers will be f**** in a few months anyway). You're are the one taking the money right now, buying asics, taking fees, you are even able to resell the asics after that.

You don't provide any valuable informations (total hash, pools, blocks found).

No one is gonna make a nice profit here. Only you will. People have to know it before investing.

GM has to be more transparent (blocks found with our hash for exemple), they also have to give a solution to the majority of customers having 0.002 BTC fee/ ghs in their contracts (= 0 profit and no ROI).

(and you can't blame us for posting here : your support doesn't answer very quickly..)