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Author Topic: Scam alert : Do NOT INVEST in Genesis Mining  (Read 228533 times)
Skatter
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July 20, 2016, 12:32:18 PM
 #181

If i spend $425 on a miner and its not profitable is who i bought it off a scammer or am i dickhead?
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Phildo
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July 20, 2016, 01:19:40 PM
 #182

If i spend $425 on a miner and its not profitable is who i bought it off a scammer or am i dickhead?

Depends on lots of factors.

did they lie to get you to make that purchase?

Did they actually mine coins or did they just move coins around and tell you they were mining?

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July 20, 2016, 01:38:30 PM
 #183

If i spend $425 on a miner and its not profitable is who i bought it off a scammer or am i dickhead?

Did you actually buy a miner or a PNG? With Genesis you'll never know. Their business model is not selling miners, it's taking money and giving some of it back over time. You can't redeem your "investment" for hardware or trade it or use it for heat in the winter.

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July 20, 2016, 06:24:56 PM
 #184

I think my picture of Josh and Marco is becoming more relevant everyday  Grin
What does GM and GAW have in common?

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July 20, 2016, 09:16:44 PM
 #185

Cloud mining, as usual a problem for many people
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July 20, 2016, 11:43:28 PM
 #186

Cloud mining, as usual a problem for many people

Only those who lack the common sense or math to realize how stupid it is.

People with functioning brains get a great comedy ROI by laughing at people that lose all their money.

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July 21, 2016, 04:31:20 PM
 #187

They don't actually lie at least from what ive seen on their site their just upfront about fucking you over.
For example one year Eth 100 MHz  3700 bucks lets say Eth pays 9 bucks a day for 100mhz  (its a little less but its easier.)
You will need a year with over 410 days in it to make money.(if the diff and price would remain static witch it wont.)
So their not really dishonest their just counting on their customers to be Idiots that cant do simple math.(but but but you can bet on Eth going up in price so you roi *then your better of buying ETH and holding for your 3700 bucks , And No the difficulty wont drop unless the price goes into the toilet so that no win either.)

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EpStROM
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July 27, 2016, 07:15:29 PM
 #188

Their support is the best, it doesn't reply, they close ticket's without any explanation, they are great...







I would check the payment page, maybe other people have also had missing payments too.
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July 29, 2016, 05:20:39 AM
 #189

Their support is the best, it doesn't reply, they close ticket's without any explanation, they are great...







I would check the payment page, maybe other people have also had missing payments too.

Such customer service is ridiculously unbearable. If they have already admitted to their own mistake, then they should pay out to the customer instead withholding the payout, not even to consider the time it took get things going.

I was thinking of investing in them just as of two weeks ago but then I held back. My instinct pulled me back from this shady game.

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August 13, 2016, 01:35:01 AM
 #190

All 3 payout daily whit out any problems so far  Smiley

Video whit my mining income: https://www.youtube.com/watch?v=CLack9PgNd0 (video is not edited)

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
olubams
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August 17, 2016, 08:33:31 AM
 #191

Thanks guys for this eye opener thread. A life has been saved now I know better than to commit my fund in a place where youre not allowed to make capital withdrawal  and pay few satoshis on your investments... Thanks guys



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Glucose
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August 20, 2016, 07:25:24 AM
 #192

Thanks guys for this eye opener thread. A life has been saved now I know better than to commit my fund in a place where youre not allowed to make capital withdrawal  and pay few satoshis on your investments... Thanks guys

You are welcome. Don't give them even 1 satoshi.

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morir es descansar


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August 21, 2016, 01:35:40 AM
 #193

I do not understand how people keep putting money into it.

Its simply happen because not every people are well knowledge enough about this. There are new bitcoin users each days let say and this kind of program most likely do is to get those people and let them think that investing with them is the right way to make profit. Which we all here knows that it is not. Ive seen most this in fb group.
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August 27, 2016, 08:16:40 AM
 #194

thank god i should have checked scrypt.cc or eobot here before investing

but i checked about genesis mining , thank god atleast i saved my money.

does anyone know a good site to invest and mine doges.??

i will be able to invest 100-150 doges daily.

thanks!!!

send me a message if you want your signature to be posted
Pro Gamers
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morir es descansar


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August 27, 2016, 11:49:16 PM
 #195

thank god i should have checked scrypt.cc or eobot here before investing

but i checked about genesis mining , thank god atleast i saved my money.

does anyone know a good site to invest and mine doges.??

i will be able to invest 100-150 doges daily.

thanks!!!


Dont blame yourself many people lose money on scrypt including me. And about doge the coin is almost dying so i dont think there is a good place to invest it, hashnest used to accept it but stopped a long time ago.
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September 14, 2016, 08:19:40 PM
 #196

thank god i should have checked scrypt.cc or eobot here before investing

but i checked about genesis mining , thank god atleast i saved my money.

does anyone know a good site to invest and mine doges.??

i will be able to invest 100-150 doges daily.

thanks!!!

You are welcome. I hope it will help way more people Smiley

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September 28, 2016, 06:48:46 AM
 #197

great one guys .. i'm currently searching for a good place to try cloud mining .. and so far it seems that hashnest is only option with lowest risk ..
gotta do more research it seems ..
pffff ..
i'm tired of scams .. no one wanna work like a business mans these days ?
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September 28, 2016, 02:46:41 PM
 #198

great one guys .. i'm currently searching for a good place to try cloud mining .. and so far it seems that hashnest is only option with lowest risk ..
gotta do more research it seems ..
pffff ..
i'm tired of scams .. no one wanna work like a business mans these days ?


then don't invest at all and hold bitcoin... that's a good approach in my opinion

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September 28, 2016, 03:11:47 PM
 #199

A certain time ago, I think maybe 10 months ago, I was pretty convinced that genesis mining had scammed me, but I had a close talk with few veterans and expert mining managers to help me with my thoughts. So I was wrong. The wrong act of my part was to did the investment in a time that difficult had reached high levels and the coin had a considerable devaluation. So, the maintenance costs were getting higher and higher and so I was desperate. But the profitable scenario wasn't present at that moment. I lost 2BTC but many people in these days had a much serious lost. I'm sorry for you guys but to me and to some expert people operating mining farms it was impossible to earn money with cloud mining. Today is the same thing. I just don't like the way Genesis Mining do advertising, because it induces people to bet in their system in a very much devasted moment for this kinda activity.

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October 03, 2016, 12:21:34 PM
 #200

Zeta0S, still waiting for those screenshots of your mining income to prove you achieved ROI. Stop shilling and present evidence!
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