Genesis MINING (Problems with Payments)

[Slow death]

Genesis Mining has problems with payments




Source: http://bitcoincloudmining.center/mining

[coinsocieties]

I do not want to speak for them, but they seem to be a good outfit and I am sure they will fix it, but could mining is a joke.  With every program with genesis mining, you need to wait over a year to get the full investment returned.  The only program you can get with a faster return rate is the $1700 bitcoin mining program.  Good luck, but I always recommend staying away from cloud mining.

[bapparabi]

this may be temp problem and should be solve soon genesis has some reputation in market in cloud mining ..so just wait and it will be shorted out

[BitcoinSupremo]

That would be the last thing I would be worried from Genesis-Mining. They usually pay on time and every time so this must be a temporary problem. What I would be worried is that I will never get any ROI with them, first they give you daily payments for 2-3 or 4-5 months and best and then because of mining difficulty increases they shut down your miner and say its not profitable anymore. If you have bought a lifetime contract then you have lost money with Genesis-Mining. Now that halving is near lets see what happens to them , difficulty will increase a lot so maybe a lot of miners will be shut down. I would stay away from cloud mining these days.

[jack1111]

I think it is just a transient problem and every thing will become good , Genesis mining is the last site who have an intention to be a scam , look at their profit rates , very low rates , it proves that they are really mining bitcoin , even I didn't invest , but I heard a lot about this company , and I think it is legit .

[Slow death]

I've seen many bad comments about  genesis mining.

They lie!

I buy LIFETIME 1,5Th/s hashpower (2015.06.10)! By now it is gone (2016.06.15)!
Arbitrarily taken away, even though it is illegal and a breach of contract!

https://bitcointalk.org/index.php?topic=1185909.0

[SourThunder]

That would be the last thing I would be worried from Genesis-Mining. They usually pay on time and every time so this must be a temporary problem. What I would be worried is that I will never get any ROI with them, first they give you daily payments for 2-3 or 4-5 months and best and then because of mining difficulty increases they shut down your miner and say its not profitable anymore. If you have bought a lifetime contract then you have lost money with Genesis-Mining. Now that halving is near lets see what happens to them , difficulty will increase a lot so maybe a lot of miners will be shut down. I would stay away from cloud mining these days.

Genesis mining may prove a scam in the future. We don't know for sure. HashOcean had millions of Loyal fans who just got divorced after it scammed. I heard a lot about GM but it is a cloud mining service.

[amacar2]

Genesis mining is having lots of heavy promotion all over social media and i am quite suprised people are investing lots of money in this even though to get your money back you have to wait for years. I don't like cloud mining sites thats why i haven't invested yet and i also think eventually one day all these cloud mining sites will shut down just like how well established hashocean run away.

CLoud mining are just like hyip which can go down anytime, any day.

Its better to invest similar amount in buying bitcoin mining rig and run for yourself near you.

[crazyivan]

Genesis Mining is a 100% legit company and they do actually mine, differently from lots of other ponzi clouds. So, no issue regarding their legitimacy. However, they have one large, huge, mega issue. THEY re NOT profitable. It s simply NOT possible reach ROI with their contracts.

Which means all u can do is help them finance expansion of their farms. I m sure that why lots of u guys like to invest into cloud mining. Suggestion, stay away from them.

[xventure]

I particularly like the very genesis, invested $ 1,000.00 in them and am getting great results, they always pay on time. I honestly have no complaints. As for ROI, all my gains in Geneses are compatible with my calculations. I made some calculations using the hash moment the difficulty, the costs and the end result is always what I get in Geneses. I do not know what was by experience of you that Mineradora Cloud, just know that my being great. Let's hope it stays that way ...

[Altynbekova]

Genesis Mining is a 100% legit company and they do actually mine, differently from lots of other ponzi clouds. So, no issue regarding their legitimacy. However, they have one large, huge, mega issue. THEY re NOT profitable. It s simply NOT possible reach ROI with their contracts.

Which means all u can do is help them finance expansion of their farms. I m sure that why lots of u guys like to invest into cloud mining. Suggestion, stay away from them.

They are legit but don't provider their clients any thing close to ROI. They will pay out btw, don't worry. They will let let their cash cow go out like this.
Simply because they are making too much money out of it.

[Slow death]

Genesis Mining is a 100% legit company and they do actually mine, differently from lots of other ponzi clouds. So, no issue regarding their legitimacy. However, they have one large, huge, mega issue. THEY re NOT profitable. It s simply NOT possible reach ROI with their contracts.

Which means all u can do is help them finance expansion of their farms. I m sure that why lots of u guys like to invest into cloud mining. Suggestion, stay away from them.

They are legit but don't provider their clients any thing close to ROI. They will pay out btw, don't worry. They will let let their cash cow go out like this.
Simply because they are making too much money out of it.

To date this site not to pay, I see in many places people claim they are not receiving their payments.

The profits are very low and take a long time to get ROI.

I think people are being stolen, the owners of the genesis  mining station to be rich and investors are getting very poor.

I saw a guy in a forum that invested 10 btc and lost in genesis mining, he said the site every day changed the profit.

[Knackwurst]

Some cloud mining "services" stopped operations last weeks, so I wouldn't wonder Genesis Mining goes down before halving also

[GregH37]

Honestly I don't trust at any cloudmining sites now and ever. no matter if it have how big reputation on the market. the main structure of a cloudmining site is just stand to ponzi scheme.
people are saying that it is just a temp problem and they will fix it soon. they may fix this problem soon but there is not guarantee that they don't run any time in future..

[HarryKPeters]

Honestly I don't trust at any cloudmining sites now and ever. no matter if it have how big reputation on the market. the main structure of a cloudmining site is just stand to ponzi scheme.
people are saying that it is just a temp problem and they will fix it soon. they may fix this problem soon but there is not guarantee that they don't run any time in future..

That's a wise choice. Even a bi company like genesis minig has done some shady things in the past.
The only company that is left is hashnest, and ROI even said goodby to them too.

[bapparabi]

not sure what is happening but now ad days i am getting payment not in time i am getting payment after one ..like yesterday payment i suppose to receive today but i am not get it it and i am getting ti day afetr tomorrow ..not sure now what is gogin on

[SyGambler]

I don't know if the problem still exist , but I'm sure they will fix it and pay again
they are making a lot of money , why should they close when there are many people ready to put their money and never reach ROI