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Author Topic: Scam alert : Do NOT INVEST in Genesis Mining  (Read 228539 times)
babsalt1975
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May 26, 2017, 08:53:33 AM
 #421

Is Genesis mining still operational?. These guys made me believe I have invested and will get profit only for them to scam me. I deposited 2 btc with them about 2 years ago. They started making payouts of 50k satoshi everyday and this amount reduced until they stopped. When i inquired why they stopped, they claimed that my contract was no longer profitable because of the transactional fees. I did some calculations and realized that i only got back about 10% of what I invested. I will be surprised if more people are investing in this scam.

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Rogerdale
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May 26, 2017, 10:18:25 AM
 #422

Is Genesis mining still operational?. These guys made me believe I have invested and will get profit only for them to scam me. I deposited 2 btc with them about 2 years ago. They started making payouts of 50k satoshi everyday and this amount reduced until they stopped. When i inquired why they stopped, they claimed that my contract was no longer profitable because of the transactional fees. I did some calculations and realized that i only got back about 10% of what I invested. I will be surprised if more people are investing in this scam.

What did you expect entering a contract with 4000 days to ROI? You should have calculated everything in advance.
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May 27, 2017, 08:34:55 AM
 #423

Is Genesis mining still operational?. These guys made me believe I have invested and will get profit only for them to scam me. I deposited 2 btc with them about 2 years ago. They started making payouts of 50k satoshi everyday and this amount reduced until they stopped. When i inquired why they stopped, they claimed that my contract was no longer profitable because of the transactional fees. I did some calculations and realized that i only got back about 10% of what I invested. I will be surprised if more people are investing in this scam.

What did you expect entering a contract with 4000 days to ROI? You should have calculated everything in advance.

I find it easy to blame the cutomers. The one you should blame is the provider of the contract. We should all blame Genesis Mining for selling shitty no-ROI contracts

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May 27, 2017, 08:39:07 AM
 #424

Since most people here are "bitching" alot about losing their money to this "scam" I'll tell you what... I will BUY your accounts with lifetime contracts that you no longer want. just PM me Smiley

yeah yeah noobie with 3 posts. One more puppet of GM ahah.

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May 27, 2017, 08:40:40 AM
 #425

Since most people here are "bitching" alot about losing their money to this "scam" I'll tell you what... I will BUY your accounts with lifetime contracts that you no longer want. just PM me Smiley

yeah yeah noobie with 3 posts. One more puppet of GM ahah.

nothing else. it's cheap advertising, which they pay with victim money anyways Cheesy

Raffle: Enter for a chance to win 100 OBITS + 100 OBITS to Charity Click Here to Enter
fistfullofbtc
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May 29, 2017, 03:28:53 PM
 #426

I bought a dash mining contract in march i think, cost 475 dollars. 100 m/hs

so far payouts total.

76 payouts totally 2.13 dash

at current dash rate $111, so far $251  which isn't bad really for 10 weeks mining. ( i sold  at 135 dollars so about $300 dollars)

Daily payout is about 0.02 i think this will drop and will mining rate make my stack back in another 10-12 weeks hopefully, so not as good investment as thought but seems to work for me.

my code for 3% off if anyone interested 8vp73D

(edit just checked cost me 0.39 btc so would have been better to keep as btc lol.)





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May 29, 2017, 03:48:59 PM
 #427


(edit just checked cost me 0.39 btc so would have been better to keep as btc lol.)


Thank you for the edit and your feedback. Good luck with your "investment". I hope you get most of your money back.

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May 31, 2017, 06:26:45 AM
 #428


(edit just checked cost me 0.39 btc so would have been better to keep as btc lol.)



Thank you for the edit and your feedback. Good luck with your "investment". I hope you get most of your money back.

Well that's the project you get a substantial portion back, however not 100, and ROI... well you can forget about that.
It's a shame there are still a lot of guys promoting this scam/business oppertunity.

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June 01, 2017, 03:46:52 PM
 #429

Since most people here are "bitching" alot about losing their money to this "scam" I'll tell you what... I will BUY your accounts with lifetime contracts that you no longer want. just PM me Smiley

yeah yeah noobie with 3 posts. One more puppet of GM ahah.

lol so now everyone who differs of the oppinion that genesis is a scam is associated with them? Well i wish i was to be fair!

While i see some of you here bitching about it. I get paid. In fact, its a shame they no longer sell lifetime contracts, hence why i offer to buy them up from people who dont want them Smiley

I made an offer and noone has contacted me yet wanting to sell their "aparently horrendous" investments into lifetime contracts. So guess everyone is happy after all heh?

I cannot vouch for their altcoin contracts... 2 years probably to low to get a decent ROI! but the lifetime BTC has been steady!

yeah yeah noobie with 3 posts. One more puppet of GM ahah.

I don't live off forums, those times are long gone for me, i actually have a life lol perhaps unlike you?
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June 01, 2017, 07:13:03 PM
 #430

1800$ invested in 2 year LTC contract of 140MH,

I'm happy as $#!+ with it.

Even given the profitability has gone down and maybe I could have done better buying and holding or day trading but that takes time.

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June 01, 2017, 10:05:15 PM
 #431

I am still happy with them. I made 89$ out of around 380$ investment since 2 months on the day today!
i started with 30mh/s x11 and 7.5 scrypt. I did reinvest into sha-256 0.5th and 2mh/s etherhash in that time Smiley
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June 03, 2017, 11:20:57 PM
 #432

I invested aproximate 2.5k in ether and bitcoin $ and currently make Aproximate more than 20 $ a day

Having a number of mining farms with unknown precise locations in Europe, America and Asia, Genesis Mining started around 2013. Exact whereabouts are privately hidden for safety and security reasons.

Genesis mining is deniably the most famous as well as substantially huge cloud mining company for coins like Ethereum, Bitcoins and others. Enlisted with the SEC for a Bitcoin mining fund, it is considered crystal-clear with it comes to transparency and legitimacy, therefore concluding not a scam.

But we cannot conclude that Genesis Mining is profitable, we are only implying that it is legit since it gives us the true service they promised us.

We are safe to say that the until the moment the contracts gains profit, you’ll still be able to mine and take in payouts, since these mining contracts last a lifetime bearing no maturity date.

I think yu can earn with genesis a lot of people do , the more people come to genesis and invest the more it get stronger aginst concurencie and the more all the genesis mining customer earn together Smiley
if yu want a try genesis yu can do with small amount and see what happen but don't listen what people say when they just hating for whatever the reason
Invest a bet and just watch lol Smiley
By the way to get yur 3% off on Genesis contracts here my promo code  LSfs3q

Invest https://www.genesis-mining.com/a/85923
aTriz
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June 04, 2017, 08:26:33 AM
 #433

Genesis mining has a large group of investors. Most of them trying to make a living off it.

The company itself seems legitimate , or at least more legit than most other obvious ponzi schemes/scams in the cryptoworld that pose as some sort of legitimate cloud mining website. It has a youtube channel with thousands of subscribers and constantly updating with content of their mining rigs etc.

However you never know what coin your contract is actually mining. Fro example the owner may think that an altcoin with the same algorithm may be more profitable to mine ,you buy the contract thinking that they're mining one coin but they're actually making more mining another.

With the price increases it seems like everyone's doing decent, but just watch out when the price decreases.

-snip-

don't advertise your ref link here.


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BTCDream
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June 07, 2017, 05:40:00 AM
 #434

Review and Update.

Latest payouts.  

Payouts   Date               Amount  
111        5/16/2017        0.51544566
112        5/17/2017        0.52049778
113        5/18/2017        0.52497492
114        5/19/2017        0.53666007
115        5/20/2017        0.54104101
116        5/21/2017       0.54570552

Total Mined BTC to date = 51.92250387

At this point. I just want to express my appreciation to the many people on here that made fun of me. You inspired me in so many ways. I wanted to help all of those that got scammed by buying up all the rest of the GM contracts. So I did and now they are gone. Or at least they were for a few days.  Oh well I tried.

I bought an additional 4000 Th/s and got a 10% bonus. Which puts me at a total of 5920 Th/s.

This at least sold out GM for a couple of weeks I hope I saved a lot of people from getting scammed.

But seriously.  I will continue to post results and trolls are going to troll.

For those of you investing in any form of crypto I wish you well. You will be rich someday soon.

As for you haters. You can watch me count my money.


117        5/22/2017        2.13939590
118        5/23/2017        2.00310607
119        5/24/2017        2.06680662
120        5/25/2017        2.09814201
121        5/26/2017        2.05129196
122        5/27/2017        1.95518482
123        5/28/2017        2.0006869
124        5/29/2017        2.02275207



Total Invested.

   Investments   Hashpower (Th) Total Hashpower = 5920Th  Total $$$ = $711,672.00

1   $25,250.00                  200
2   $25,250.00                  200
3   $12,610.00                  100
4   $2,522.00                    20
5   $25,220.00                  200
6   $25,220.00                  200
7   $25,220.00                  200
8   $25,220.00                  200
9   $25,220.00                  200
10 $520,000.00                 4000 (+400 Bonus)




Any Questions please PM me or find me on twitter. @BTCDream.

Thank you

Will continue posting results
https://imageshack.com/i/pnuaPWAIjhttps://imageshack.com/i/pokVY6B1j

manshed
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June 07, 2017, 07:24:30 AM
 #435

Yeah it's bs I got scammed by them as well.
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June 07, 2017, 10:41:48 AM
 #436

I bought an additional 4000 Th/s and got a 10% bonus. Which puts me at a total of 5920 Th/s.

This at least sold out GM for a couple of weeks I hope I saved a lot of people from getting scammed.

But seriously.  I will continue to post results and trolls are going to troll.

For those of you investing in any form of crypto I wish you well. You will be rich someday soon.

As for you haters. You can watch me count my money.

You never answered a simple question - how much BTC did you "invest" in Genesis?

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SyGambler
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June 07, 2017, 10:56:29 AM
 #437

I bought an additional 4000 Th/s and got a 10% bonus. Which puts me at a total of 5920 Th/s.

This at least sold out GM for a couple of weeks I hope I saved a lot of people from getting scammed.

But seriously.  I will continue to post results and trolls are going to troll.

For those of you investing in any form of crypto I wish you well. You will be rich someday soon.

As for you haters. You can watch me count my money.

You never answered a simple question - how much BTC did you "invest" in Genesis?

if he did invest his own money I'm sure he would be disappointed at the moment
most likely he is an affiliate , cause the only way to be happy with Genesis Mining is to promote your discount code and sell people false dreams
you can check some youtube scammers like Trevon James , he is making a lot simply because he is scamming his subscribers money
he even turned off the like/dislike cause a lot of people are disliking his videos

Zeta0S
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June 08, 2017, 01:47:28 AM
 #438

Review and Update.

Latest payouts.  

Payouts   Date               Amount  
111        5/16/2017        0.51544566
112        5/17/2017        0.52049778
113        5/18/2017        0.52497492
114        5/19/2017        0.53666007
115        5/20/2017        0.54104101
116        5/21/2017       0.54570552

Total Mined BTC to date = 51.92250387

At this point. I just want to express my appreciation to the many people on here that made fun of me. You inspired me in so many ways. I wanted to help all of those that got scammed by buying up all the rest of the GM contracts. So I did and now they are gone. Or at least they were for a few days.  Oh well I tried.

I bought an additional 4000 Th/s and got a 10% bonus. Which puts me at a total of 5920 Th/s.

This at least sold out GM for a couple of weeks I hope I saved a lot of people from getting scammed.

But seriously.  I will continue to post results and trolls are going to troll.

For those of you investing in any form of crypto I wish you well. You will be rich someday soon.

As for you haters. You can watch me count my money.


117        5/22/2017        2.13939590
118        5/23/2017        2.00310607
119        5/24/2017        2.06680662
120        5/25/2017        2.09814201
121        5/26/2017        2.05129196
122        5/27/2017        1.95518482
123        5/28/2017        2.0006869
124        5/29/2017        2.02275207



Total Invested.

   Investments   Hashpower (Th) Total Hashpower = 5920Th  Total $$$ = $711,672.00

1   $25,250.00                  200
2   $25,250.00                  200
3   $12,610.00                  100
4   $2,522.00                    20
5   $25,220.00                  200
6   $25,220.00                  200
7   $25,220.00                  200
8   $25,220.00                  200
9   $25,220.00                  200
10 $520,000.00                 4000 (+400 Bonus)




Any Questions please PM me or find me on twitter. @BTCDream.

Thank you

Will continue posting results




Thanks for this cool update, it inspires me al lot to keep mining those coins.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Rogerdale
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June 09, 2017, 10:13:07 AM
 #439

I bought an additional 4000 Th/s and got a 10% bonus. Which puts me at a total of 5920 Th/s.

Oh, man... Did you really spend half a million on another 4400 TH/s?

That's much better than buying that hashrate in January (instead of investing in alts - people made x5 in 4 months while BTC mining didn't even get to ROI), but anyway that's a madness. I'm wondering what is your total investment in crypto. And you must have a fortune in other assets if you can afford investing in crypto that much.

How did you get 10% bonus?
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June 09, 2017, 05:40:12 PM
 #440

I bought an additional 4000 Th/s and got a 10% bonus. Which puts me at a total of 5920 Th/s.

Oh, man... Did you really spend half a million on another 4400 TH/s?

That's much better than buying that hashrate in January (instead of investing in alts - people made x5 in 4 months while BTC mining didn't even get to ROI), but anyway that's a madness. I'm wondering what is your total investment in crypto. And you must have a fortune in other assets if you can afford investing in crypto that much.

How did you get 10% bonus?
Do you believe it ?
SS your contracts.
#@$# off GM puppet,doll or whatever.
Spending a lot of money in GM and satisfied ?
As far as i know,if you 'invest' in GM you wont get your ROI.
What you get is only 'maintenence fee,electricity fee,bla bla bla'.
If i was you i would buy a lot of altcoin and get 200% ROI.

A lot of complain happened in facebook (example) and they replied :
Because the diff's high your contracts no loonger profitable,the hell with that

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