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Author Topic: Scam alert : Do NOT INVEST in Genesis Mining  (Read 228336 times)
Rogerdale
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June 09, 2017, 06:06:46 PM
 #441

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

Did they terminate these contracts forever? I think now all contracts that were not profitable some time ago became profitable.
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June 09, 2017, 07:36:37 PM
 #442

This BTCDream dude is just tricking his twitter followers into using his promo codes, making numbers out of his arse
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June 10, 2017, 12:18:53 AM
 #443

This BTCDream dude is just tricking his twitter followers into using his promo codes, making numbers out of his arse


Agreed. A lot of youtubers seem to be promoting genesis-mining and showing off their incredible stats. Either that they are plain stupid or they are taking advantage of unsuspecting newcomers to bitcoin who uses their code to buy everything.

I've bought genesis mining before the halving, i bought the lowest available for bitcoin mining which was 50gh/s i think. It was sold to me for 0.05 BTC. When I got it it was paying ok, but the rates quickly diminished to 0.00005 btc every three days. After the halving it just stopped producing profit altogether.

Don't use anyone's promo codes. Don't even invest. It's not worth it.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
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June 10, 2017, 07:52:55 PM
 #444

why so many people talking like that about genesis ROI i calculated and found out that my ROI  would take up to 6 months (5 in the best cases) it depend on a lot of thing actualy it doesnt depend on genesis
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
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June 11, 2017, 02:18:50 PM
 #445

My 2 satoshis :

I bought a XMR contract a few months ago on Genesis. It's still doing "good". Nothing incredible, but the ROI is here (I transfer my earnings to exchange sites).
It's a 2 year contract, without maintenance fees (so they can't discard it). I paid $80 and earn about $15 a month.

(and I don't even post an affiliate link Cheesy )
Bitcollector
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June 11, 2017, 04:31:00 PM
 #446

My 2 satoshis :

I bought a XMR contract a few months ago on Genesis. It's still doing "good". Nothing incredible, but the ROI is here (I transfer my earnings to exchange sites).
It's a 2 year contract, without maintenance fees (so they can't discard it). I paid $80 and earn about $15 a month.

(and I don't even post an affiliate link Cheesy )


Their is a difference between lucky and smart, but you buying contracts at that time is luck. I'm not saying that your not smart too, but I think it was more luck. Wait 6 months and put all your earnings back in again. I would love to hear about this success in 365 days.
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June 11, 2017, 07:55:36 PM
 #447

My 2 satoshis :

I bought a XMR contract a few months ago on Genesis. It's still doing "good". Nothing incredible, but the ROI is here (I transfer my earnings to exchange sites).
It's a 2 year contract, without maintenance fees (so they can't discard it). I paid $80 and earn about $15 a month.

(and I don't even post an affiliate link Cheesy )

Are you counting your profits by the value of XMR or by the sole percentage of the price you paid for the contract?
Monero went up by $20 this month, so it's obvious your returns will be good, but had the price fallen I'm quite sure the contract would turn to shit pretty fast. GM are known for closing unprofitable contracts before their expiration dates. It's a gamble.

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June 16, 2017, 04:13:49 AM
 #448

To be honest I think Genesis Mining would be dead/bankrupt right now if it wasn't for those YouTube affiliate advertisers. They just show on video their profits and they give the watchers their affiliate codes. Basically making false promises to their inexperienced audience just for them to profit more.

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June 16, 2017, 03:24:20 PM
 #449

To be honest I think Genesis Mining would be dead/bankrupt right now if it wasn't for those YouTube affiliate advertisers. They just show on video their profits and they give the watchers their affiliate codes. Basically making false promises to their inexperienced audience just for them to profit more.

ok yes i have an affiliate code and have made 50 usd not a lot but it is a discount code so works for both the buyer and me.

my roi on dash contract is about 6 months est and that is a 2 year contract. Does gm give advice on investing not really, the youtube accounts make money, but that happens all over youtube in different areas of products.

i invest my money i get a payout, yes I would have made more by just hodling btc, but a scam takes your money, offers nothing in return and you lose your money, which i can only comment on my case, hasn't happened. When ive had issues there customer service have got back very quickly, and very good.

 the thing is some people make bad investments and scream scam, it is easy to blame other people for your failings.  i paid 3000 usd for my own rig which goes down and costs electricity, something i don't have to worry about with GM, as they guarantee no downtime.

What GM does with affiliates is no difference to signature campaigns in my eyes..
 When my contract runs out i will buy again. If you don't want to use then don't, they wont make you rich overnight, but if you want a steady steam of coins then do, it is nice to see my dash wallet go up daily, something my investments don't always do. Not a massive amount but do your research, i used this
https://www.cryptocompare.com/mining/calculator/dash?HashingPower=100&HashingUnit=MH%2Fs&PowerConsumption=0&CostPerkWh=0

to work out potential return, factor in difficulty will rise, but no electricity costs.  
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June 18, 2017, 12:45:21 PM
 #450

They stole .5 ths on a lifetime contract from me. That was back when that was a lot of hash.
They said it wasn't profitable.  No warning. I just logged in and it was gone and the support people said I should have read their contract.

From where I sit, this is a big ponzi. I regret my investment in Genesis Mining hash.

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June 22, 2017, 11:04:02 AM
 #451

we shall not forget that genesis send you money daly so every day yu touch a part of yu roi its not as if yu would have to wait a long time to see yur money coming back
i think i'm going to reinvest severals K$ prety soon on bitcoin cause im pretty satisfayed i earn almost a K$ every month its not bad at all (and it actualy curently grow because these day i earn more bitcoin every day plus the valu of the bitcoin keep geting up)
i don't say that its imposible to loss money with genesis im aware of that ( espacialy with small amount invested their maybe more risk ) but i bielive genesis is going to grow and make their customer more and more lucky in the mining place
if genesis was a scamer then that would maen they are tampering the earning numbers of their customers for now 3-4 years and seems crazy that things like this wouldnt have leak in a big society/company like them 
thanks to some nice video learn a lot from the one who got the business , home minig good for the one who have fun having this at home but we'd better trust genesis yu go you rent for yur investement without having to care about the unhealthy computing. Mining with patient let you earn  #techrevolution lets make Genesis mining stronger and earn more together here my link ->> https://www.genesis-mining.com/a/859230 
her My Promo Code to get your 3% Off  LSfs3q
Lets make genesis bIGGER and earn more together 
love you
By the way i made some TUTO for those who whant to get started with coinbase and genesis mining

Wich yu all a good learning and a good earning

Invest https://www.genesis-mining.com/a/85923
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June 22, 2017, 04:47:31 PM
 #452

we shall not forget that genesis send you money daly so every day yu touch a part of yu roi its not as if yu would have to wait a long time to see yur money coming back
i think i'm going to reinvest severals K$ prety soon on bitcoin cause im pretty satisfayed i earn almost a K$ every month its not bad at all (and it actualy curently grow because these day i earn more bitcoin every day plus the valu of the bitcoin keep geting up)
i don't say that its imposible to loss money with genesis im aware of that ( espacialy with small amount invested their maybe more risk ) but i bielive genesis is going to grow and make their customer more and more lucky in the mining place
if genesis was a scamer then that would maen they are tampering the earning numbers of their customers for now 3-4 years and seems crazy that things like this wouldnt have leak in a big society/company like them 
thanks to some nice video learn a lot from the one who got the business , home minig good for the one who have fun having this at home but we'd better trust genesis yu go you rent for yur investement without having to care about the unhealthy computing. Mining with patient let you earn  #techrevolution lets make Genesis mining stronger and earn more together here my link ->> https://www.genesis-mining.com/a/859230 
her My Promo Code to get your 3% Off  LSfs3q
Lets make genesis bIGGER and earn more together 
love you
By the way i made some TUTO for those who whant to get started with coinbase and genesis mining

Wich yu all a good learning and a good earning


You are really bad at mathematics.
Difficulty is increasing faster than what you get back. You will lose at least 50% of what you invested.

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June 22, 2017, 06:22:56 PM
 #453

we shall not forget that genesis send you money daly so every day yu touch a part of yu roi its not as if yu would have to wait a long time to see yur money coming back
i think i'm going to reinvest severals K$ prety soon on bitcoin cause im pretty satisfayed i earn almost a K$ every month its not bad at all (and it actualy curently grow because these day i earn more bitcoin every day plus the valu of the bitcoin keep geting up)
i don't say that its imposible to loss money with genesis im aware of that ( espacialy with small amount invested their maybe more risk ) but i bielive genesis is going to grow and make their customer more and more lucky in the mining place
if genesis was a scamer then that would maen they are tampering the earning numbers of their customers for now 3-4 years and seems crazy that things like this wouldnt have leak in a big society/company like them 
thanks to some nice video learn a lot from the one who got the business , home minig good for the one who have fun having this at home but we'd better trust genesis yu go you rent for yur investement without having to care about the unhealthy computing. Mining with patient let you earn  #techrevolution lets make Genesis mining stronger and earn more together here my link ->> https://www.genesis-mining.com/a/859230 
her My Promo Code to get your 3% Off  LSfs3q
Lets make genesis bIGGER and earn more together 
love you
By the way i made some TUTO for those who whant to get started with coinbase and genesis mining

Wich yu all a good learning and a good earning


You are really bad at mathematics.
Difficulty is increasing faster than what you get back. You will lose at least 50% of what you invested.

please explain what you lose 50% of?
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June 23, 2017, 09:05:03 AM
 #454

Genesis mining Ethereum contract is not profitable at the current hash rate growth.
Cost of 100 M/Hs $2716 ~$2800
If the Hash rate continues to grow at the same rate you will get about 4.3 ETH coins (If you started in early June 2017). That is it!!!!
ETH must be $800 to break even and get a tiny profit.
Much more profitable is to buy the coins. At $330 You get about 8.3 coins.
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June 23, 2017, 03:32:23 PM
 #455

Genesis mining Ethereum contract is not profitable at the current hash rate growth.
Cost of 100 M/Hs $2716 ~$2800
If the Hash rate continues to grow at the same rate you will get about 4.3 ETH coins (If you started in early June 2017). That is it!!!!
ETH must be $800 to break even and get a tiny profit.
Much more profitable is to buy the coins. At $330 You get about 8.3 coins.


but that isn't gm's fault. that is because a shit load of miners are mining ethereum. this is cloud mining an alternative to buying a rig. my rig had a burn out only 3 months old, this doesn't happen with gm. you mine hoping the price goes up that is why a lot do it. this is where the shouty people start getting confused, gm offers a service, if the profitability decreases that is fall to do with GM. yes there is some  shit with btc contracts but 2 years mining ethereum, monereo seems straight forward. it is an investment and they go up as much as down, or just hold btc, no one knows the future, but if you want to mine without a rig cloud mining is the way.

if you want to trade trade but they are separate things.
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June 23, 2017, 04:17:12 PM
 #456

Genesis mining Ethereum contract is not profitable at the current hash rate growth.
Cost of 100 M/Hs $2716 ~$2800
If the Hash rate continues to grow at the same rate you will get about 4.3 ETH coins (If you started in early June 2017). That is it!!!!
ETH must be $800 to break even and get a tiny profit.
Much more profitable is to buy the coins. At $330 You get about 8.3 coins.


but that isn't gm's fault. that is because a shit load of miners are mining ethereum. this is cloud mining an alternative to buying a rig. my rig had a burn out only 3 months old, this doesn't happen with gm. you mine hoping the price goes up that is why a lot do it. this is where the shouty people start getting confused, gm offers a service, if the profitability decreases that is fall to do with GM. yes there is some  shit with btc contracts but 2 years mining ethereum, monereo seems straight forward. it is an investment and they go up as much as down, or just hold btc, no one knows the future, but if you want to mine without a rig cloud mining is the way.

if you want to trade trade but they are separate things.

Oh FFS, will you tone down your shilling. Most people here aren't total idiots.

$2800 is about 3 times as much as my 100-110 MH/s GPU rigs cost me, not to mention I can resell or repurpose them if needed. And yes, I can host them elsewhere (i.e. use a service offered by someone else) if I choose to, so spare me the cloud mining bullshit.

What GM offers is not a service, it's a ripoff with a very strong scammy smell. The fact that a lot of people fall for it doesn't make it right.

It's funny though how you completely failed to address the fact brought up in the post you quoted: to "mine hoping the price goes up" is pointless, compared to buying the coins "hoping the price goes up". It's not about trading or anything. Buy X coins now and retain full control, or spend X coins and maybe mine X/2 eventually...

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June 23, 2017, 07:27:27 PM
 #457

Ye I know
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June 23, 2017, 07:31:34 PM
 #458

why so many people talking like that about genesis ROI i calculated and found out that my ROI  would take up to 6 months (5 in the best cases) it depend on a lot of thing actualy it doesnt depend on genesis
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

Nasty referal link advertiser! The only reason you're advertising this referal link is because you want to earn money through referals and you don't care about it being a scam.
It's awful people like you advertising Genesis Mining Referal Links which leads to a lot of beginners getting scammed.

Please stop advertising, using and even going to Genesis Mining. It's all helping them and that is NOT good, as it's making others get scammed.

Regards,
Trump

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June 23, 2017, 08:28:47 PM
 #459

we shall not forget that genesis send you money daly so every day yu touch a part of yu roi its not as if yu would have to wait a long time to see yur money coming back
i think i'm going to reinvest severals K$ prety soon on bitcoin cause im pretty satisfayed i earn almost a K$ every month its not bad at all (and it actualy curently grow because these day i earn more bitcoin every day plus the valu of the bitcoin keep geting up)
i don't say that its imposible to loss money with genesis im aware of that ( espacialy with small amount invested their maybe more risk ) but i bielive genesis is going to grow and make their customer more and more lucky in the mining place
if genesis was a scamer then that would maen they are tampering the earning numbers of their customers for now 3-4 years and seems crazy that things like this wouldnt have leak in a big society/company like them 
thanks to some nice video learn a lot from the one who got the business , home minig good for the one who have fun having this at home but we'd better trust genesis yu go you rent for yur investement without having to care about the unhealthy computing. Mining with patient let you earn  #techrevolution lets make Genesis mining stronger and earn more together here my link ->> https://www.genesis-mining.com/a/859230 
her My Promo Code to get your 3% Off  [cover-your-shit-code]
Lets make genesis bIGGER and earn more together 
love you
By the way i made some TUTO for those who whant to get started with coinbase and genesis mining

Wich yu all a good learning and a good earning


you think it's hard to hide for 3-4 years? Do you know Bernard Madoff? Can you google how long had he played his game before getting caught? Tongue

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June 23, 2017, 08:57:07 PM
 #460

we shall not forget that genesis send you money daly so every day yu touch a part of yu roi its not as if yu would have to wait a long time to see yur money coming back
i think i'm going to reinvest severals K$ prety soon on bitcoin cause im pretty satisfayed i earn almost a K$ every month its not bad at all (and it actualy curently grow because these day i earn more bitcoin every day plus the valu of the bitcoin keep geting up)
i don't say that its imposible to loss money with genesis im aware of that ( espacialy with small amount invested their maybe more risk ) but i bielive genesis is going to grow and make their customer more and more lucky in the mining place
if genesis was a scamer then that would maen they are tampering the earning numbers of their customers for now 3-4 years and seems crazy that things like this wouldnt have leak in a big society/company like them 
thanks to some nice video learn a lot from the one who got the business , home minig good for the one who have fun having this at home but we'd better trust genesis yu go you rent for yur investement without having to care about the unhealthy computing. Mining with patient let you earn  #techrevolution lets make Genesis mining stronger and earn more together here my link ->> https://www.genesis-mining.com/a/859230 
her My Promo Code to get your 3% Off  [cover-your-shit-code]
Lets make genesis bIGGER and earn more together 
love you
By the way i made some TUTO for those who whant to get started with coinbase and genesis mining

Wich yu all a good learning and a good earning


you think it's hard to hide for 3-4 years? Do you know Bernard Madoff? Can you google how long had he played his game before getting caught? Tongue

Yup and Genesis Mining would've been recognised as obvious scam long ago by everyone already if the CryptoCurrencies didn't rise this much...

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