Bitcoin Forum
November 22, 2017, 02:27:14 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 »
  Print  
Author Topic: Scam alert : Do NOT INVEST in Genesis Mining  (Read 227021 times)
Zeta0S
Legendary
*
Offline Offline

Activity: 1372


View Profile
October 04, 2016, 04:53:55 PM
 #201

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

I did never said i will post screen shots of my personal contracts. I am also not required to do so.


Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
1511317634
Hero Member
*
Offline Offline

Posts: 1511317634

View Profile Personal Message (Offline)

Ignore
1511317634
Reply with quote  #2

1511317634
Report to moderator
1511317634
Hero Member
*
Offline Offline

Posts: 1511317634

View Profile Personal Message (Offline)

Ignore
1511317634
Reply with quote  #2

1511317634
Report to moderator
1511317634
Hero Member
*
Offline Offline

Posts: 1511317634

View Profile Personal Message (Offline)

Ignore
1511317634
Reply with quote  #2

1511317634
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511317634
Hero Member
*
Offline Offline

Posts: 1511317634

View Profile Personal Message (Offline)

Ignore
1511317634
Reply with quote  #2

1511317634
Report to moderator
deeneendo
Full Member
***
Offline Offline

Activity: 151



View Profile
October 05, 2016, 08:20:51 AM
 #202

you are also unable to. shame!
tmfp
Legendary
*
Offline Offline

Activity: 994


MLM: Many Layers of Misery


View Profile
October 05, 2016, 08:31:21 AM
 #203

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

I did never said i will post screen shots of my personal contracts. I am also not required to do so.



No, you're not required to shill either.
It seems fairly obvious that your only motivation for posting these "Genesis is great!" comments is to earn your grubby 3% referral commission.
Your credibility on this subject is zero.
And pls, no more "Why are you so angry?" pm's, thanks.

Ironically, on the other thread I have posted some rough calculations which indicate that Genesis's maintenance charges are at least logical.
Anyone want to check the math out and comment, feel free.
I stress that I in no way recommend any cloud mining "investment" period.

Extraordinary Claims require Extraordinary Evidence
bitcoiner422
Newbie
*
Offline Offline

Activity: 9


View Profile
October 06, 2016, 05:31:45 PM
 #204

Genesis mining doesn't let you sign up with a password longer than 16 characters  Angry

Bitcoin address: 1AVaLig5kgNnpT256dfRuakzH1ARwCELK
mrcash02
Hero Member
*****
Offline Offline

Activity: 700

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
October 07, 2016, 02:49:31 AM
 #205

Genesis mining doesn't let you sign up with a password longer than 16 characters  Angry

That is the smaller of the problems with Genesis Mining... This kind of investiment just give profit to the site owner and for the Ads networks. Who buys the Mining Power just lose money hoping to have some passive income profit. Hard to believe that there is people investing on this kind of Cloud Mining these days. Many other people lost lots of money with it. Some time ago I believed those sites, but never more!

tharani
Sr. Member
****
Offline Offline

Activity: 308


don't piss me off or else you will see the tigress


View Profile WWW
October 28, 2016, 10:13:01 AM
 #206

you guy's still trust genesis mining eh .??

send me a message if you want your signature to be posted
petricag
Full Member
***
Offline Offline

Activity: 210


View Profile
November 11, 2016, 02:17:08 PM
 #207

Genesis Mining site is down.
Preparing for the classic exit strategy "Oh we got DDOS attacked, and lost all information bla bla bla ... we are sorry, we'll be back soon " ?
baeby
Newbie
*
Offline Offline

Activity: 5


View Profile
November 11, 2016, 07:17:16 PM
 #208


Yes, me too.  Undecided
I was too late to read this thread, but at least I learned a lesson.
I am not invested with too much anyway.

For me the excuse was that since I paid with CC, they have to 'hold back' my BTC payments for a month, since they want to be 'safe' to receive the payment first.
This BTW reminds me that I have the option to ask my bank to cancel the transfer, since it's been only like a week since I signed up.   Wink
I guess I have to thank them that they went out so quickly before my actual month passed, at which point my bank would not be able to cancel the sum.

Anyway, I do not really understand why they decided to shut down right now.
Zcash is just getting mainstream and they were offering 'pre bought' contracts to start to mine in December ...

Lucide
Newbie
*
Offline Offline

Activity: 24


View Profile
November 18, 2016, 11:45:43 AM
 #209

you guy's still trust genesis mining eh .??

The first thread on Scam accusations is a list of scam sites, how come Genesis mining isn't listed on there Huh
goldencookie
Newbie
*
Offline Offline

Activity: 13


View Profile
November 19, 2016, 01:20:33 AM
 #210

I feel it my duty to report here I purchased 3 contracts with Genesis Mining and that I believe they are selling worthless contracts and
know exactly that these contracts will be worthless***. I would advise anyone who has paid them to cancel your credit card asap and not
to think twice.

Do the math your self:

Term Hashpower Type    Price
"lifetime" 7.5 TH/s     sha256    USD 1,050.00
1 year 39 H/s     equihash    USD 1,120.01
2 years 50 MH/s     x11    USD 410.00

Anyone with an eyeball can see that the above cannot return profit and/or will cause loss of principal only. So
it is simply pay to play. Better to get some mining equipment that might give a return over 3-5 years...might!
Though it seems the mining equipment companies (different thread) are a former version of this con/scam, they
are getting a little better these days...but not much! Smiley

If you have miners in your basement you are most likely operating at a loss.
If you have a couple hundred miners in a data center you are most likely operating at a loss, unless
most of them were purchased a year or so ago, and still, after the doubling it is a fine line.
If you have a few thousand miners in various data centers that have very very low power costs and cheap
labor you MIGHT be able to make a profit!

That's it, my personal comments and opinions. Don't call me for "proof", do your own math!

***Just to spell it out I believe selling known worthless contracts is an application of the term "fraud" and should be
categorized as such. Some of you may prefer "hustle" or "scam" to use less legally defined terms, however, I believe
folk that do these things (and companies) should be heavily discouraged and called out, to protect the less informed,
which is another good reason we have forums like this!

goldencookie
Newbie
*
Offline Offline

Activity: 13


View Profile
November 19, 2016, 02:36:54 AM
 #211

ps my note to Genesis:

"Hello, After some research it is becoming clear to me that Genesis Mining Company knows that the contracts they sell are virtually worthless and that you must continue to sell these worthless contracts to fund operations as current operations are not covering expenses."

pre credit card cancellation note!
Bgjjj2016
Sr. Member
****
Offline Offline

Activity: 448

Ben2016


View Profile
November 20, 2016, 03:47:23 AM
 #212

ps my note to Genesis:

"Hello, After some research it is becoming clear to me that Genesis Mining Company knows that the contracts they sell are virtually worthless and that you must continue to sell these worthless contracts to fund operations as current operations are not covering expenses."

pre credit card cancellation note!
Genesis mining is a very very BIG SCAM ! I think I will have my ROI in about 100 years.

My " I want that Old Toyota Camry very bad" BTC Fund :1DQU4oqmZRcKSzg7MjPLMuHrMwnbDdjQRM
Join the Elastic revolution! Elastic Network: The Decentralized Supercomputer 
ELASTIC WEBSITE|ANNOUNCEMENT THREAD|JOIN THE SLACK
Bgjjj2016
Sr. Member
****
Offline Offline

Activity: 448

Ben2016


View Profile
November 20, 2016, 03:49:17 AM
 #213

you guy's still trust genesis mining eh .??

The first thread on Scam accusations is a list of scam sites, how come Genesis mining isn't listed on there Huh

that site must be on Genesis mining payroll. Genesis Mining is a scam. I got burned , watch out everyone.

My " I want that Old Toyota Camry very bad" BTC Fund :1DQU4oqmZRcKSzg7MjPLMuHrMwnbDdjQRM
Join the Elastic revolution! Elastic Network: The Decentralized Supercomputer 
ELASTIC WEBSITE|ANNOUNCEMENT THREAD|JOIN THE SLACK
defconone
Newbie
*
Offline Offline

Activity: 11


View Profile
November 20, 2016, 04:56:25 PM
 #214

ps my note to Genesis:

"Hello, After some research it is becoming clear to me that Genesis Mining Company knows that the contracts they sell are virtually worthless and that you must continue to sell these worthless contracts to fund operations as current operations are not covering expenses."

pre credit card cancellation note!
Genesis mining is a very very BIG SCAM ! I think I will have my ROI in about 100 years.
Did they promise you Return on Investment? Any have you any proof of that?

I do not think is a scam at all. Also there is 0 proof of a scam.

.
LuanX3
Hero Member
*****
Offline Offline

Activity: 616



View Profile
November 21, 2016, 02:23:20 AM
 #215

Scam or not, people should be careful about cloud mining. Most of them are indeed scams. But looking into what people say in this thread, seems like one of the most popular cloud mining websites might be turning into a scam. However, I think mining might not be as profitable as it used to be. Unless someone develops a super miner that can improve mining capabilities and costs.

FORTUNEJACK.COM[
                             
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
           
]
alt213
Sr. Member
****
Offline Offline

Activity: 408


View Profile
November 21, 2016, 06:03:33 PM
 #216

totally agreed, G-M sell delusion to its customers , for example ZEC 1 years contract cost about 0.046BTC, daily earning approx 0.00015 zec , with current price of zec i need 10 years to recover my initial investment.



 
goldencookie
Newbie
*
Offline Offline

Activity: 13


View Profile
November 22, 2016, 02:32:45 AM
 #217


Did they promise you Return on Investment? Any have you any proof of that?

I do not think is a scam at all. Also there is 0 proof of a scam.

As previously stated. They know they are selling worthless contracts. They hide that fact behind obfuscated language. But
they know, and they know for sure. And their founder is sipping mint juleps on all the fraud proceeds!

You guys call that scam. I call it FRAUD!
It needs to be stopped.

Just my humble opinion, I am sure many legal authorities will agree with me.

iamTom123
Sr. Member
****
Online Online

Activity: 420

ChipMixer ChipMixer ChipMixer ChipMixer


View Profile
November 22, 2016, 03:34:25 AM
 #218

Genesis mining doesn't let you sign up with a password longer than 16 characters  Angry

That is the smaller of the problems with Genesis Mining... This kind of investiment just give profit to the site owner and for the Ads networks. Who buys the Mining Power just lose money hoping to have some passive income profit. Hard to believe that there is people investing on this kind of Cloud Mining these days. Many other people lost lots of money with it. Some time ago I believed those sites, but never more!

I have seen so many people promoting Genesis Mining but after the closure of HashOcean I do find shared mining companies to be doubtful. Honestly, I did take a look at Genesis especially since they have been in business for years and I assumed they are already stable. However, online opportunities can sometimes be shaky so we have to be careful...be very very careful.

favdesu
Legendary
*
Offline Offline

Activity: 1246



View Profile WWW
November 22, 2016, 04:08:43 PM
 #219


Did they promise you Return on Investment? Any have you any proof of that?

I do not think is a scam at all. Also there is 0 proof of a scam.

As previously stated. They know they are selling worthless contracts. They hide that fact behind obfuscated language. But
they know, and they know for sure. And their founder is sipping mint juleps on all the fraud proceeds!

You guys call that scam. I call it FRAUD!
It needs to be stopped.

Just my humble opinion, I am sure many legal authorities will agree with me.



it won't end quick though. next crypto bubble once btc is at 1000 will bring in new suckers for them to milk

Raffle: Enter for a chance to win 100 OBITS + 100 OBITS to Charity Click Here to Enter
Glucose
Hero Member
*****
Offline Offline

Activity: 849



View Profile
November 26, 2016, 01:25:08 PM
 #220


Did they promise you Return on Investment? Any have you any proof of that?

I do not think is a scam at all. Also there is 0 proof of a scam.

As previously stated. They know they are selling worthless contracts. They hide that fact behind obfuscated language. But
they know, and they know for sure. And their founder is sipping mint juleps on all the fraud proceeds!

You guys call that scam. I call it FRAUD!
It needs to be stopped.

Just my humble opinion, I am sure many legal authorities will agree with me.



it won't end quick though. next crypto bubble once btc is at 1000 will bring in new suckers for them to milk

I hope my thread, and all the testmonies collected, will avoid them to pay for nothing. We have to keep spreading awareness

Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!