Hello Phil.

You can not really say that Genesis Mining has been shitty to me written in your own words as it was I that decided to purchase a contract with them. I was not forced or made. It was my own choice. I had no other option but to purchase with a Card and I had explained that in my post here if you look up and read it again.

If you read what I wrote originally, I did not have any means to purchase Bitcoin directly so could not then use that Bitcoin to purchase ETH, so purchasing a contracts through Genesis Mining with Credit Card, for me was the only way for me to get payouts in ETH coins or the other thing i was thinking about was to spend similar money on having to build a ETH mining rig.

After working out the costs of having to purchase an SLI system for 2 x  GPUs that would mine at around 20 MH/s each plus the cost of the motherboard, PSU, memory, hard drive etc it was getting close to the price I had to pay upfront anyway before any electrical bill costs had to be taken into consideration as well.

I felt this option of purchasing through Genesis Mining as the only company to offer ETH mining that I could find, for me was the better way to go. Of course I could have made more money purchasing ETH directly as you have said, but I could not, but I have already made a nice profit already. I purchased at the end of December so not sure if the price of BTC would have gone up or down since your estimate. Also ETH price might have changed too so it could have been possible that i would have ended up with less than you have written.

So yes, not being able to purchase ETH direct was Shitty for me, but I have still made a nice profit from it and as this thread is about GM being a Scam, to me they have not been, far from it and I am sorry if that some of you reading this can not accept that they are not a Scam from my point of view, but that is your own choice and I respect that just like you should respect my view and opinion. For ETH mining it has been ok and from reading on the forums I can see that SHA 256 mining has not been so good but that seems to affect everyone who mines with other companies too who offer SHA 256.

I do not agree and I feel you are bitter about your experiences but for me, not so.

I purchased with my Credit Card, 40 MH/s of ETH in December 2015 and already I have been paid almost 104 ETH coins.

My contract cost me 719 USD and already that ETH is worth at current prices, over 1000 USD, so Genesis Mining and their ETH contracts have been good to me.

A scam, I do not think so although I can understand if you are complaining about SHA 256 as what with the recent difficulty rises etc, then payouts would have gone down but for ETH contracts, GM have given me a chance to make some money.

Where I live i can not buy Bitcoin directly so Credit Card was the only option for me or else I could have bought ETH directly using Bitcoin, but I did not have that option.

Anyway good luck with your thread although personally I do not think they are a scam, just Bitcoin mining has led you to make this thread up because Bitcoin and SHA 256 mining went down the pan which I think is not really Genesis Minings fault.

If i look around at other providers doing SHA 256 I can see their payouts have also gone down too which tells me that this is not a GM problem.