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1  Economy / Exchanges / Re: Bitfinex HACKED - funds stolen ! on: August 16, 2016, 09:51:42 PM
Nope no new update, just the 36% haircut.
2  Economy / Exchanges / Re: Bitfinex HACKED - funds stolen ! on: August 16, 2016, 08:01:30 PM
"I believe they are actually trying to resolve them right now, it may just be PR.
Although I have seen some people actually receiving their coins back from bitfinex."

Is this true? Is BFX actually returning coins seized in "socialized loss?" Do you have a source?
3  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: January 24, 2016, 07:11:43 AM
Biggbox,

GM's 5 day money back guarantee is worded at the top of this page. I don't think you'll be refunded if you've had a contract beyond 5 days. However if you are a US citizen and feel that you are a victim of fraud by GM, I encourage you to contact:

US COMMODITY FUTURES TRADING COMMISSION

Office of international Affairs

(202)418-5645
4  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: January 23, 2016, 11:13:42 AM
Babs, You shill.
5  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: January 23, 2016, 06:46:01 AM
I finally received a refund on my Genesis contacts (10 days after requesting a cancellation and 11 days after my initial purchase.) Genesis refunded all 21.545 btc.

 It was not easy dealing with support or IT, but they eventually coughed up the coin. All in all I think I'd have to give GM a generous" C- ". Customer support is mostly awful: waiting on replies for 2 or 3 days. I understand that GM has "100,000 customers" ( probably unhappy ones) but with a  substantial investment, I expect a higher level of service then that of my cable provider.

After failing to reach support for 3 days trying to confirm the cancellation/refund, I sent a message to GM on their Facebook page. They responded with this: " You need to show more patience." Seriously GM!? Go flog yourselves. GM you need to show more fiduciary responsibility to folks who have given you their $$$. 

I'm sure I could have been persuaded to keep some of my investment in GM had things gone smoothly, but that's a big nope for me now.

Best of luck to all who have active contracts I hope you all get your ROI. I don't think that GM is a scam; just an org with a lousy business plan, zero transparency and poor implementation.
 
6  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: January 11, 2016, 06:57:58 AM
Time to share my experience

The only reason i joined was because i didn't take the daily maintenance fee into account properly, otherwise i would never have joined.. Why? Because if you purchase sha256 mining, nearly 45% of your daily profit at (93,448,670,796 difficulty) goes into the maintenance
So i decided to ask for a refund since they claimed to offer a 5 day moneyback guarantee...At first i got an e-mail saying that the contracts are non cancelable blah blah, however after insisting they agreed to refund me

So i should have got refunded what i invested minus what i have earned so far, however i got ripped of by about 0.03 Btc ~ 15$..

For those still wondering if they should or not invest in cloud mining, here is the stats to help you make a decision

1TH's purchased for 0.975 Btc ~ $419 at 93,448,670,796 Difficulty will generate after fees 0.0031 Btc ~ $1.33 daily
So even without any difficulty increase you will still need nearly 1 year to just break even... And in about 20 hours the difficulty will increase by about 12% so the same contract will only generate $1.187 instead of $1.33 in Btc profit daily


Is this true? Has Genesis honored a 5 day money back guarantee? I signed up less than 48 hrs ago (paid in bitcoin), and I've just requested a full refund. If Genesis is legit I have nothing to worry about but... Any help would be much appreciated.
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