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Author Topic: Scam alert : Do NOT INVEST in Genesis Mining  (Read 226383 times)
brobbel
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November 03, 2017, 02:51:46 PM
 #661

Most people are not talking about the genesis mining may be because they are getting paid from the company. Yes, every company has positive feedback and negative feedback but people should understand whether company has the possibility to pay the investors. Firstly research before investing into Genesis mining because Genesis mining is paying to the members from many years.

Hi

I am so glad someone finally wrote something neutral. I thnik you hit the point perfectly and 1 000 000 customers can't be wrong right?


Of course there are unhappy people and not everyone is receiving what they should but with such high number of customers I understand that is not easy at all.
Tickets are delayed even 3 months. This is all true but BTC open ended contracts are just great in my personal opinion and everyone could have different fillings about it.



Kind regards, Marcin

Excuse me? I have even tickets from February without solution!


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November 04, 2017, 12:50:52 AM
 #662

Especially as New Blood in the forum, talking with mindset sincere appreciation on Warnings against this Genesis Mining going under water with all ramification about their various and fantabulours flashing but carjolling gestures. But can"t total ban be placed on them to devoid innocent members entering their net any longer? Thanks. Huh

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November 04, 2017, 07:13:46 AM
 #663

Especially as New Blood in the forum, talking with mindset sincere appreciation on Warnings against this Genesis Mining going under water with all ramification about their various and fantabulours flashing but carjolling gestures. But can"t total ban be placed on them to devoid innocent members entering their net any longer? Thanks. Huh
The genesis mining can not be ban totally and what we have to do is spread the news. However, this is situation is not only about the genesis mining because every other cloud mining site out there are all scam.

Code:
NOTE : don't invest into any CLOUD MINING because they are all scammer site.
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November 04, 2017, 02:28:55 PM
 #664

i am a business owner, have been for the last 5 years. I had a few friends trying to convince me, respectable people, military personnel, nurses fellow business men all respectable....all getting duped into these silly ponzi scheme sites. I am of the opinion that most, if not all are merely scams, paying you with btc they receive from punters who've lucked out (via difficulty increases, contract price increases etc etc.)

Having looked at Genesis, seems to be a very nicely done investment "pretend" site. The fact that the Australians (who seem to love these types of marketing scams (you seen their "forex" cfd sites or Avon or even goddamn betting software?)) push it, tells me it's a scam...or t the very least a get rich quick scheme...Which, any real investor knows, that you have to play big (10k+) range, and that off of that 10g you will make (on a very very good year) 3g. And no its not sustainable...But any company worth it's salt knows the only real way, sustain-ably, in the world of crypto is to mine big, have an exchange, enforce usage of a token or new coin, collect negative returns( i.e be a negative geared company)in power or generate their own low cost power (Utilizing asset depreciation as another leverage point) pump and dump, then restructure....but THESE Mofo, they're big promises and big dreams. Here for the log run...big time scammers they would be in any other industry..

And half of the people here rallying to support the machines....are really just cogs in the system. It's naive to think that the systems immune response won't be initiated when you prod the bug....Good on ya OP, go hard!
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November 04, 2017, 02:58:18 PM
 #665

Check the villa on iceland. They have parked a trampolin for idiots ;-)

Small windows. Like a fort!. Would take a very little thief to get in. (Or a ghettoblaster).

Anyways. Genesis. You go my money and my love. At least some of it.

Not a word about.. A fucking trampolin for the idiots. Idiots ? Kids. I pressume. Now.

Me ? "Kids be nice!".

Music. (Sounds like shit. Pardon me.)

Feed Me Weird Things - Squarepusher (plus bonus Japanese tracks)
https://www.youtube.com/watch?v=SOEYaBxT29U

Shit can be converted to BTC! (Criminally minded of course..)

PS: Forgot. Iceland belongs to Denmark. Apropos idiots.  Boom boom dav! (Somebody needs a serious laser).

Official invitation goes here /Without looking :-)

Shit about zcash: No exchanges accepts private adresses. That is so fucked up!
 
Bitcoin Cash, Bitcoin, B2X, & Ethereum: The Race To The Moon
https://www.youtube.com/watch?v=Wae1Djysim4

Zcash is not on the list. Ergo is it a winner!
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November 05, 2017, 12:16:34 AM
 #666

This mofo /\ /\ /\ /\ These the c0cks who scam, listen top that rambling bullsh!t he's harping on about.....sounds like a dark-web scammer...amirite ScrambledEgg?
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November 05, 2017, 05:29:50 AM
 #667

Check the villa on iceland. They have parked a trampolin for idiots ;-)

Small windows. Like a fort!. Would take a very little thief to get in. (Or a ghettoblaster).

Anyways. Genesis. You go my money and my love. At least some of it.

Not a word about.. A fucking trampolin for the idiots. Idiots ? Kids. I pressume. Now.

Me ? "Kids be nice!".

Music. (Sounds like shit. Pardon me.)

Feed Me Weird Things - Squarepusher (plus bonus Japanese tracks)
https://www.youtube.com/watch?v=SOEYaBxT29U

Shit can be converted to BTC! (Criminally minded of course..)

PS: Forgot. Iceland belongs to Denmark. Apropos idiots.  Boom boom dav! (Somebody needs a serious laser).

Official invitation goes here /Without looking :-)

Shit about zcash: No exchanges accepts private adresses. That is so fucked up!
 
Bitcoin Cash, Bitcoin, B2X, & Ethereum: The Race To The Moon
https://www.youtube.com/watch?v=Wae1Djysim4

Zcash is not on the list. Ergo is it a winner!

ʕ ಠ_ಠʔ 
umwat

No idea whatsoever what nonsense this paraschizo is vomiting, but I'm glad I found this thread. With the massive amounts of cloud mining services and ponzis popping up everywhere, shutting down, reiterating, I'd started to think that any site that's been in operation for multiple years must be legit...

c'est la vie...

http://cpmlink.net/4Z0hAA  http://cpmlink.net/8p0h
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November 06, 2017, 09:48:36 PM
 #668

Still. Genesis did not break there contract or did wierd calculations. I have 3 contracts now. First one was more then a year ago. Because of network increase BTC did recieve lower BTC payouts, but BTC price increase, did give me higher FIAT payout  Cool first it was a dollar per day, now 2 dollars of that same contract (life time).

I also joined presale BTC contract in september. Now i recieve the payouts as promised in november. Me so happy.

Txs Genesis.

Sorry for all ponzi trolls here from other cloudmining  Tongue
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November 07, 2017, 12:59:28 PM
 #669

Still. Genesis did not break there contract or did wierd calculations. I have 3 contracts now. First one was more then a year ago. Because of network increase BTC did recieve lower BTC payouts, but BTC price increase, did give me higher FIAT payout  Cool first it was a dollar per day, now 2 dollars of that same contract (life time).

I also joined presale BTC contract in september. Now i recieve the payouts as promised in november. Me so happy.

Txs Genesis.

Sorry for all ponzi trolls here from other cloudmining  Tongue

That's not too bad if you get a lifetime membership! It would be alright then...But now, their prices are riddiculous....i could build a miner for half of what they charge in alts.

How much were the original contracts?
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November 07, 2017, 03:09:44 PM
 #670

(Edited november 2017)

Genesis Mining is one of the well known company of the Cloud mining market but it is a huge scam. No one can make a return on investment with the fees they are taking on "lifetime" contracts. By the way, they are calling it "lifetime contracts" but it will only pay during 2-3 months and will be cancelled when the fees are higher than your payout.

This company is scamming people on purpose : they are selling contracts knowing their customers won't get any return on their investment : That's fraud.

Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=247140

We have to spread awareness about it : Newbies in the crypto world are naive and keep investing every day in such a company

I specify : I personaly tested Genesis Mining a lot of time ago. I did ROI the first time (like 3 years ago, probably in 2013-2014) and didn't the second time (2015) but this scam accusation has another purpose than just complaining about "myself" (I didn't invest much). I think Genesis Mining is an organized fraud system and shouldn't be allowed to sell any contracts through this forum


Through this thread, we have collected several testimonies against Genesis Mining :


A lot of people are complaining directly on their facebook official page :
http://imgur.com/7wsvlDo
http://imgur.com/Ot0aYOc

Others are complaining on the forum :
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.

Up to 2/7/2016...I knew this day would come eventually!  I am 168 days into a lifetime 1.5THs contract and it's down to paying $0.02 per day.  It's not dead yet but it's gasping for air.  I paid 2.6310 BTC for this contract and I've collected 0.5438 in payouts from it and that's pretty much all I will ever see back.  I bought this contract as a test hoping to do more later on.  What a total waste of time and money.  If you are thinking of buying a cloud contract from Genesis because of their slick web site, do yourself a favor and just buy and hold BTC instead.

Feel also free to read this review if you are not convinced yet : http://kipicommunity.org/genesis-mining-review-is-it-profitable-to-mine-with-genesis-mining/ )

How do they answer to this problem ? How do they justify themself ? :

They don't. They just don't say anything and keep selling contracts knowing it won't give any return on investment. Instead of answering negatives posts they delete it from their thread.

P.S. GM, if you delete once again my post I promise to open a topic to ask people how much they lose/win with your SCAM. Of course, ZetaOS and IanFoxley, your evangelists will be forbidden to post.

I also suspect ZetaOS, Ianfoxley, mptak123 of being paid by Genesis Mining. They are always posting everywhere about the money they are making with Genesis Mining which is a blatant lie. As you will see through this thread, a lot of newbies suddenly appears to share "how much profit they are making".

To all of you who have been scammed, to all of you who think they shouldn't be allowed to keep selling contracts : Put a neutral or negative trust on their profile here : https://bitcointalk.org/index.php?action=profile;u=247140. We have to spread awareness about this.

I think no one of cloud mining site a good investment there

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November 07, 2017, 05:32:40 PM
 #671

Still. Genesis did not break there contract or did wierd calculations. I have 3 contracts now. First one was more then a year ago. Because of network increase BTC did recieve lower BTC payouts, but BTC price increase, did give me higher FIAT payout  Cool first it was a dollar per day, now 2 dollars of that same contract (life time).

I also joined presale BTC contract in september. Now i recieve the payouts as promised in november. Me so happy.

Txs Genesis.

Sorry for all ponzi trolls here from other cloudmining  Tongue

That's not too bad if you get a lifetime membership! It would be alright then...But now, their prices are riddiculous....i could build a miner for half of what they charge in alts.

How much were the original contracts?

You need indeed little insight about ROI. Alt coin contracts now are not the best (beside the first Dash and LTC contracts). But if i recalculate contract and fees, then its exactomento. BTC contract are the best i think. Last offer was better pricing then the old BTC contract i did, but also logic because hardware was cheaper to buy by Bitmain and they expanded facilities on iceland (cheap energy).
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November 07, 2017, 05:43:10 PM
 #672

(Edited november 2017)

Genesis Mining is one of the well known company of the Cloud mining market but it is a huge scam. No one can make a return on investment with the fees they are taking on "lifetime" contracts. By the way, they are calling it "lifetime contracts" but it will only pay during 2-3 months and will be cancelled when the fees are higher than your payout.

This company is scamming people on purpose : they are selling contracts knowing their customers won't get any return on their investment : That's fraud.

Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=247140

We have to spread awareness about it : Newbies in the crypto world are naive and keep investing every day in such a company

I specify : I personaly tested Genesis Mining a lot of time ago. I did ROI the first time (like 3 years ago, probably in 2013-2014) and didn't the second time (2015) but this scam accusation has another purpose than just complaining about "myself" (I didn't invest much). I think Genesis Mining is an organized fraud system and shouldn't be allowed to sell any contracts through this forum


Through this thread, we have collected several testimonies against Genesis Mining :


A lot of people are complaining directly on their facebook official page :
http://imgur.com/7wsvlDo
http://imgur.com/Ot0aYOc

Others are complaining on the forum :
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.

Up to 2/7/2016...I knew this day would come eventually!  I am 168 days into a lifetime 1.5THs contract and it's down to paying $0.02 per day.  It's not dead yet but it's gasping for air.  I paid 2.6310 BTC for this contract and I've collected 0.5438 in payouts from it and that's pretty much all I will ever see back.  I bought this contract as a test hoping to do more later on.  What a total waste of time and money.  If you are thinking of buying a cloud contract from Genesis because of their slick web site, do yourself a favor and just buy and hold BTC instead.

Feel also free to read this review if you are not convinced yet : http://kipicommunity.org/genesis-mining-review-is-it-profitable-to-mine-with-genesis-mining/ )

How do they answer to this problem ? How do they justify themself ? :

They don't. They just don't say anything and keep selling contracts knowing it won't give any return on investment. Instead of answering negatives posts they delete it from their thread.

P.S. GM, if you delete once again my post I promise to open a topic to ask people how much they lose/win with your SCAM. Of course, ZetaOS and IanFoxley, your evangelists will be forbidden to post.

I also suspect ZetaOS, Ianfoxley, mptak123 of being paid by Genesis Mining. They are always posting everywhere about the money they are making with Genesis Mining which is a blatant lie. As you will see through this thread, a lot of newbies suddenly appears to share "how much profit they are making".

To all of you who have been scammed, to all of you who think they shouldn't be allowed to keep selling contracts : Put a neutral or negative trust on their profile here : https://bitcointalk.org/index.php?action=profile;u=247140. We have to spread awareness about this.

I think no one of cloud mining site a good investment there

Correct. Although your awful grammar and  lack of punctuation and sentence structuring make your post look like shit, I agree with you. Cloud mining sites are one of the worst investments you could possibly make. Genesis Mining is no exception to that. Not only is there the risk of Genesis Mining being a scam and taking all your money, there's also the fact that very few people actually profited from Genesis Mining, which mainly included their Team.

Now I wonder though, why did you put that message as a reply on the other guys' message? It was a truly irrelevant quote.
Besides, please work a bit on your English... It's horrible right now! And no "me chinese is" excuses please. If you're not good at speaking English, just talk in your own language at the local boards or use Google Translate!

Regards,
Trump

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November 07, 2017, 08:17:07 PM
 #673

it very hard to get roi for all cloud mining sites. I have some investment also but I will never get my btc back.

WWW.OAX.ORG - MARKET INTEGRATION PLATFORM
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November 07, 2017, 09:18:15 PM
 #674

This is it guys!!!

Genesis Mining BTC contracts are back tomorrow:

https://www.youtube.com/watch?v=x_BdQ0Fu_70


Remember they sold out in September in 72hrs. This time demand is even bigger!


Best regards, Marcin

Exclusive Genesis Mining 3% offer avaiable with this code uQtLeP
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November 07, 2017, 10:26:29 PM
 #675

This is it guys!!!

Genesis Mining BTC contracts are back tomorrow:

https://www.youtube.com/watch?v=x_BdQ0Fu_70


Remember they sold out in September in 72hrs. This time demand is even bigger!


Best regards, Marcin

If any newbee is googling for info about Genesis, this is the only realdeal for cloud mining (maybe bitclub also but less references). So if you want to join cloud mining this is the best option. Still some old school mininers say that cloud mining dont excisist.
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November 08, 2017, 06:30:53 AM
 #676

it very hard to get roi for all cloud mining sites. I have some investment also but I will never get my btc back.

Same situation with you there, bro. I'd invested more than few k USD into cloud mining sites (too lazy to list them out here...) Until now, I barely get back 30% of my previous investment...

As a result, I'm now very skeptical about Cloud mining sites.  Roll Eyes

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November 08, 2017, 07:01:37 AM
 #677

Still. Genesis did not break there contract or did wierd calculations. I have 3 contracts now. First one was more then a year ago. Because of network increase BTC did recieve lower BTC payouts, but BTC price increase, did give me higher FIAT payout  Cool first it was a dollar per day, now 2 dollars of that same contract (life time).

I also joined presale BTC contract in september. Now i recieve the payouts as promised in november. Me so happy.

Txs Genesis.

Sorry for all ponzi trolls here from other cloudmining  Tongue

That's not too bad if you get a lifetime membership! It would be alright then...But now, their prices are riddiculous....i could build a miner for half of what they charge in alts.

How much were the original contracts?

I think it is due to with the increase in price of the Bitcoin may be. Some money people are having lot of negativity about Genesis mining but why still, people are kept investing in genesis even though there returns are low. Very insane.

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November 08, 2017, 10:46:46 AM
 #678

Still. Genesis did not break there contract or did wierd calculations. I have 3 contracts now. First one was more then a year ago. Because of network increase BTC did recieve lower BTC payouts, but BTC price increase, did give me higher FIAT payout  Cool first it was a dollar per day, now 2 dollars of that same contract (life time).

I also joined presale BTC contract in september. Now i recieve the payouts as promised in november. Me so happy.

Txs Genesis.

Sorry for all ponzi trolls here from other cloudmining  Tongue

That's not too bad if you get a lifetime membership! It would be alright then...But now, their prices are riddiculous....i could build a miner for half of what they charge in alts.

How much were the original contracts?

I think it is due to with the increase in price of the Bitcoin may be. Some money people are having lot of negativity about Genesis mining but why still, people are kept investing in genesis even though there returns are low. Very insane.

I do agree it is insane how much money I already earned with Genesis Mining ;-)

Everyone have different opinions but the truth is that happy people don't share they opinions so often as unhappy do.

1 mln customers can't be wrong, right?


Best regards, Marcin

Exclusive Genesis Mining 3% offer avaiable with this code uQtLeP
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November 08, 2017, 12:25:22 PM
 #679

Still. Genesis did not break there contract or did wierd calculations. I have 3 contracts now. First one was more then a year ago. Because of network increase BTC did recieve lower BTC payouts, but BTC price increase, did give me higher FIAT payout  Cool first it was a dollar per day, now 2 dollars of that same contract (life time).

I also joined presale BTC contract in september. Now i recieve the payouts as promised in november. Me so happy.

Txs Genesis.

Sorry for all ponzi trolls here from other cloudmining  Tongue

That's not too bad if you get a lifetime membership! It would be alright then...But now, their prices are riddiculous....i could build a miner for half of what they charge in alts.

How much were the original contracts?

I think it is due to with the increase in price of the Bitcoin may be. Some money people are having lot of negativity about Genesis mining but why still, people are kept investing in genesis even though there returns are low. Very insane.

In my own analysis here people were still seeking an easy money that's why they kept having an involvement with genesis mining. Most of these people were lazy and being banned on the forums, and I've heard that most of them were spammers of the forum. That's why they don't work for signature campaigns or any bounty related forums because of their greedy attitude of interest to earn bitcoin in an easy ways, so thinking about an easy source that mining investments is their mindset. But certainly they're wrong about it because it's a ponzi or scam type of investments, which eventually make them regret in the future.

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November 09, 2017, 12:04:57 PM
 #680

Still. Genesis did not break there contract or did wierd calculations. I have 3 contracts now. First one was more then a year ago. Because of network increase BTC did recieve lower BTC payouts, but BTC price increase, did give me higher FIAT payout  Cool first it was a dollar per day, now 2 dollars of that same contract (life time).

I also joined presale BTC contract in september. Now i recieve the payouts as promised in november. Me so happy.

Txs Genesis.

Sorry for all ponzi trolls here from other cloudmining  Tongue

That's not too bad if you get a lifetime membership! It would be alright then...But now, their prices are riddiculous....i could build a miner for half of what they charge in alts.

How much were the original contracts?

You need indeed little insight about ROI. Alt coin contracts now are not the best (beside the first Dash and LTC contracts). But if i recalculate contract and fees, then its exactomento. BTC contract are the best i think. Last offer was better pricing then the old BTC contract i did, but also logic because hardware was cheaper to buy by Bitmain and they expanded facilities on iceland (cheap energy).

Not quite sure what you meant? Yes i need no info on ROI. i know how ROI and indeed, business in general works. And, in general, i can build an alt coin miner, for sub 500$. An antminer still costs less than $3k us with power for the year. will cost 2000usd for the same hashpower as a miner....not inclusive of fees of course...from genesis.Top that with the fact your stuck with the contract for two years... I know crypto, and i know business, i KNOW a good scam is 'renting hashpower' ala genesis. The only reason i see for cloud...is if you have spare xmr or zcash
 or eth you want washed into btc. My miners run ala sun! close to free power....they at least pay for their panels...we should be upto 3.5kw in another year (assuming price doesn't rise...in which case yay!
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