Genesis Mining: The next failure of cloud mining?

[St4yInTh3D4rk]

Just thought i would post here as Genesis Mining are dodging giving me my "Mining Reward".

They have blamed it on a bug but doesnt rub as others received their payouts.

I still have a contract for the next 5 months on Ethereum which STOPPED PAYING OUT 2 DAYS AGO.

Heres my ethereum address: 0x32ce1e303f62e992c012866585bac0301badfb16

Just a heads up. I will update if resolved. No apologies as yet though!

[1715427403]

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[1715427403]

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[1715427403]

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[senyorito123]

Just thought i would post here as Genesis Mining are dodging giving me my "Mining Reward".

They have blamed it on a bug but doesnt rub as others received their payouts.

I still have a contract for the next 5 months on Ethereum which STOPPED PAYING OUT 2 DAYS AGO.

Heres my ethereum address: 0x32ce1e303f62e992c012866585bac0301badfb16

Just a heads up. I will update if resolved. No apologies as yet though!

Theres no dount that genesis mining is the next failure since theyre company really is not getting the revenue they want and they know that they will collapsed if they dont want to make moves on how to sustain there business and so they join ponzi now wich is bad,

And also genisis mining have many claims to their investor that many of theme still didnt get the roi they want for the long time there money sleeping at their company and thats the main reason why its not advisable to go and invest to that site since its very risky for npw to trust them.

[JeffBrad12]

Just thought i would post here as Genesis Mining are dodging giving me my "Mining Reward".

They have blamed it on a bug but doesnt rub as others received their payouts.

I still have a contract for the next 5 months on Ethereum which STOPPED PAYING OUT 2 DAYS AGO.

Heres my ethereum address: 0x32ce1e303f62e992c012866585bac0301badfb16

Just a heads up. I will update if resolved. No apologies as yet though!

Just see from your title and content of this topic, All of the cloud mining is always having a chance become a failure. but waiting for a few days and looking at the situation of genesis. giving them a time before, but if happened bad things. let's taking the urgent action. So if they solved your problem and paid your payments. better to take all of your money from them. but I sure they will be the next failure cloud mining. I hope you will get all of your money from them and paid all of your payments until this time.

[BitcoinSupremo]

Just thought i would post here as Genesis Mining are dodging giving me my "Mining Reward".

They have blamed it on a bug but doesnt rub as others received their payouts.

I still have a contract for the next 5 months on Ethereum which STOPPED PAYING OUT 2 DAYS AGO.

Heres my ethereum address: 0x32ce1e303f62e992c012866585bac0301badfb16

Just a heads up. I will update if resolved. No apologies as yet though!

You had payout for what amount of time ? If you have had it for more than 4-5 months you are on a record there. Usually they pay you 2-3 months then blame the increased difficulty to shut down your miner and to not pay you anymore. Their simple explanation is if you had your miner at home you would have it shut down (how do they know that I would for example not keep it on even with loss cause maybe price of btc will skyrocket in future).  Hope your situation is resolved but in the long run you will lose money with them. They were already a failure before your post by the way. And since you are mining ETH now their X11 Scrypt should be better than normal btc miners. So this situation is weird to say the least.

[jhenfelipe]

You must be ready no matter what happen since you were aware of the risk before investing. Genesis mining is still a cloud mining site even though it seems to be paying at all unlike those who shut down already. Mining becomes more difficult as time goes on and that's the reason why cloud mining sites turned to scam. So the possibility of shutting down is also there for Genesis Mining. Anyway, I hope you can still get your pay out and good luck to you.

[TraderETH]

I think it is shoud not problem for you, because before you make Investment you know that mostly of cloud mining are scamed their users and you must make Investment with you can lost it. But if it becomes problem for you, for next time you must make Investment with carefully.

[St4yInTh3D4rk]

I dont mind as ive actually ROI'ed already but a contract held and still in force for another 4 months must be upheld.

Ive tweeted Marco anyway to get his insight as his staff dont seem to be dealing with this as had no replies back to my support requests.

Failing that they owe me 5 months. I reserve the right with contract and original invoice to sue them for the remainder. Thats easily done

[IanFoxley]

I dont mind as ive actually ROI'ed already but a contract held and still in force for another 4 months must be upheld.

Ive tweeted Marco anyway to get his insight as his staff dont seem to be dealing with this as had no replies back to my support requests.

Failing that they owe me 5 months. I reserve the right with contract and original invoice to sue them for the remainder. Thats easily done

Did you look at your wallet address?

You had a payout from GM 9 hours ago.

[mobnepal]

I dont mind as ive actually ROI'ed already but a contract held and still in force for another 4 months must be upheld.

Ive tweeted Marco anyway to get his insight as his staff dont seem to be dealing with this as had no replies back to my support requests.

Failing that they owe me 5 months. I reserve the right with contract and original invoice to sue them for the remainder. Thats easily done

Did you look at your wallet address?

You had a payout from GM 9 hours ago.

Yes, It seem solved as eth address OP mentioned is getting eth everyday around 0.5 eth every day. https://etherscan.io/address/0x32ce1e303f62e992c012866585bac0301badfb16

[janggernaut]

Just thought i would post here as Genesis Mining are dodging giving me my "Mining Reward".

They have blamed it on a bug but doesnt rub as others received their payouts.

I still have a contract for the next 5 months on Ethereum which STOPPED PAYING OUT 2 DAYS AGO.

Heres my ethereum address: 0x32ce1e303f62e992c012866585bac0301badfb16

Just a heads up. I will update if resolved. No apologies as yet though!

Don't invest in cloud minning again, check this thread https://bitcointalk.org/index.php?topic=1185909.0 and wd all your money in there now

[BitcoinHodler]

all these cloudmining sites are a bad news for people using bitcoin, and they all have some kind of an expiration date on them, and genesis mining expiration date will come sooner than you might expect. and until that day they will continue doing things like this to OP to keep their business running without losing too much money.

[Xmaseven]

cloud mining most of times (99%) means scams.
they can show you a IP of mining equipment?
some photo about it? any block mined? any pool?
If the answer is no yes they are next to failure!

[ImHash]

people should know that genesis mining is nothing but a huge waste of money, they will take your money and give you back shit
no refund no responsibility nothing, believe me when I tell you that you get more just by holding your coins.

[Xmaseven]

people should know that genesis mining is nothing but a huge waste of money, they will take your money and give you back shit
no refund no responsibility nothing, believe me when I tell you that you get more just by holding your coins.

cloud mining most of times (99%) means scams.
they can show you a IP of mining equipment?
some photo about it? any block mined? any pool?
If the answer is no yes they are next to failure!

if they are in this condition yes they are a scam as 99,99% of cloud mining.
if they can earn more why they offer such great ROI?!

[Daybreaker]

Yeah this is just like the same as other cloud mining business.. the old way investment site they are converting into cloud mining same schemes.. so better to dont invest your bitcoin in those business all of them are the same and waste of time..

[bL4nkcode]

people should know that genesis mining is nothing but a huge waste of money, they will take your money and give you back shit
no refund no responsibility nothing, believe me when I tell you that you get more just by holding your coins.

People are obsessed and make more attractive like this sites a ponzi  sites which they want to earn instantly just trusting in those and giving coins to this untrusted guy and expect that there money will grow. Well this I guess genesis mining is the second biggest cloudmining sites next to hashocean and they willbecome scam sooner or later.

[St4yInTh3D4rk]

Yes got 1 payout but now missing 2 according to the date ranges.

Im gonna re-evaluate my payouts by date and post an update. I wouldn't be surprised if there was any other missing.

I would advise all other Genesis customers to also check their payouts also. With the launch of more X11 i find it doubtful they are mining at all... I only have 100MH there and 100MH at home however I mine 0.11eth per day more at home than i get from genesis!

[BlockEye]

Genesis Mining just opened X11 contracts meaning more money coming in as it was sold out before and in the past those cloud mining sites who suddenly offers something to the investors runs away after a few weeks. Example is Cloudminr.io

[St4yInTh3D4rk]

But again one begs the questions how can:

1. There be no maintenance fee's attributed to 2 year contracts on X11 and 1 Year contracts on ethereum.

The idea of being in business is to make money not sponge it away.

Luckily i no longer mine bitcoin due to volatility and have put all my gpu's to ethereum which pays out what im happy with per day.

I wont be going cloud mining again. Its more likely ill buy more hardware.

[socks435]

 This is a common problem of any cloud mining site almost all are starting to weird thing after that wait for many people are saying they are also didnt receive any withdraw or pending.. and declare that they are scam.. someone say that they giving back the amount of what you invest.. but the truth are not..