Should i Trust Genesis Mining

[Zadicar]

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You

This issue has been discussed many times in this section, Genesis mining is one of few companies which are still working after the halving, but it is not profitable any more, in my opinion, holding your bitcoin or investing in legit ICO are better than investing in any cloud mining service.

The people realize if they have joined in the cloud mining site and they have made some money with just sitting on his chairs.
It is becoming the wrong common thing for all.

Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.

I agree hence this is actually part  of  nature  on  human  being  which  they  really dont  like  to do hard work  on earning  money  and they  just  like to sit  around and do  nothing and  they are earning, you are  right  some  people  would really use this  advantage against people  and they sees  that  its  an  opportunity to make money thats  why  there are  sites would surely go to scam. Abount genesis mining they are actually operating for  years already  but   for  OP,  invest only the amount you can afford to loss.

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[crazyivan]

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You

This issue has been discussed many times in this section, Genesis mining is one of few companies which are still working after the halving, but it is not profitable any more, in my opinion, holding your bitcoin or investing in legit ICO are better than investing in any cloud mining service.

The people realize if they have joined in the cloud mining site and they have made some money with just sitting on his chairs.
It is becoming the wrong common thing for all.

Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.

I agree hence this is actually part  of  nature  on  human  being  which  they  really dont  like  to do hard work  on earning  money  and they  just  like to sit  around and do  nothing and  they are earning, you are  right  some  people  would really use this  advantage against people  and they sees  that  its  an  opportunity to make money thats  why  there are  sites would surely go to scam. Abount genesis mining they are actually operating for  years already  but   for  OP,  invest only the amount you can afford to loss.

Genesis Mining s 100% legit, no doubt about that, however, there s another issue there, PROFITABILITY. I have been unable to find a single person who has reached ROI with them. In other words, NOBODY MAKES MONEY WITH GENSIS MINING. Do I need to add anything to that?

[carlisle1]

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You

well it's up to you if you are going to trust them or not maybe after asking some opinion from people here in forum you should ask yourself as well because they are not the one who will make a decision , if you really want to know the answer you can try genesis-mining by yourself but if ever you have doubt better to change the your plan because as all of people always saying here you should not trust any kind of investment online like cloud mining .

[Zadicar]

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You

This issue has been discussed many times in this section, Genesis mining is one of few companies which are still working after the halving, but it is not profitable any more, in my opinion, holding your bitcoin or investing in legit ICO are better than investing in any cloud mining service.

The people realize if they have joined in the cloud mining site and they have made some money with just sitting on his chairs.
It is becoming the wrong common thing for all.

Its totally true, people are so lazy enough to think that they can earn money by just sitting and doing nothing, thats why many people fall for that thoughs since scammers grab that oppurtunity and make an illusion earning sites, thats why we should think that no easy money on this world and all needs sweat and headache, hearth aches for losing is avoidable and be more vigilant for the thing who offered an high profit gaining, and genisis minings for me is totally a bad idea to invest on.

I agree hence this is actually part  of  nature  on  human  being  which  they  really dont  like  to do hard work  on earning  money  and they  just  like to sit  around and do  nothing and  they are earning, you are  right  some  people  would really use this  advantage against people  and they sees  that  its  an  opportunity to make money thats  why  there are  sites would surely go to scam. Abount genesis mining they are actually operating for  years already  but   for  OP,  invest only the amount you can afford to loss.

Genesis Mining s 100% legit, no doubt about that, however, there s another issue there, PROFITABILITY. I have been unable to find a single person who has reached ROI with them. In other words, NOBODY MAKES MONEY WITH GENSIS MINING. Do I need to add anything to that?

Well i dont say that genesis  mining  is scam hence  they do have   mining  farms  physically and they do operate too. You are right the  main  thing here to be concerned about  is  its  profitability. I dont  think  that  most  investors their already reach their  roi  for  a long period of  time , as we all know that  bitcoin difficulty has increased  on  the latest  halving.

[lol3c]

Do not trust any investment programs on the internet because there are full of scammers there. You have to be very wise when you decide to join some Cloud mining project or some kind of HYIP. All of them are trying to steal people money as much as they can and then they will run away without any notice. If you want to make a real investment, buy some hardware, learn about computer and start to make your own mining system at home. Even that Genesis-mining has run over a year, who can ensure for you that they won't turn into a scam ?

[BitcoinNewsMagazine]

A pool I am using is paying out 0.00090755 Per TH/s a day or $0.66. Genesis Mining is not transparent at all and makes it hard to find out what their fees are, but a close look at the contract reveals the daily fees for bitcoin are $0.35 per TH/s. That means over half the daily mining income is eaten up by the high fees Genesis Mining charges. When you buy hashpower at Genesis Mining you can not sell it and are just putting money in the corporate till. You paid for their miners and power supplies but are getting less than half of the mining payouts. You are subsidizing their mining operation so it is a win win for Genesis Mining. They have the gall to claim their customers are getting a good deal.

[cryptothinker]

A pool I am using is paying out 0.00090755 Per TH/s a day or $0.66. Genesis Mining is not transparent at all and makes it hard to find out what their fees are, but a close look at the contract reveals the daily fees for bitcoin are $0.35 per TH/s. That means over half the daily mining income is eaten up by the high fees Genesis Mining charges. When you buy hashpower at Genesis Mining you can not sell it and are just putting money in the corporate till. You paid for their miners and power supplies but are getting less than half of the mining payouts. You are subsidizing their mining operation so it is a win win for Genesis Mining. They have the gall to claim their customers are getting a good deal.

Interesting, it's not easy to see this information on the official website. Under these conditions, the investor does not have great chances, if the mining difficulty increases too much in the long run.
I checked the genesis mining thread, here on bitcointalk, and I have not seen many happy miners. On the contrary, there is a lot of people complaining about zcash cloudmining contracts.

[JeffBrad12]

A pool I am using is paying out 0.00090755 Per TH/s a day or $0.66. Genesis Mining is not transparent at all and makes it hard to find out what their fees are, but a close look at the contract reveals the daily fees for bitcoin are $0.35 per TH/s. That means over half the daily mining income is eaten up by the high fees Genesis Mining charges. When you buy hashpower at Genesis Mining you can not sell it and are just putting money in the corporate till. You paid for their miners and power supplies but are getting less than half of the mining payouts. You are subsidizing their mining operation so it is a win win for Genesis Mining. They have the gall to claim their customers are getting a good deal.

Some people were saying GenesisMining was legit and totally wrong. In my early guesses, he tries for snatching our money through the "Scam fees". According to from your sentences, I had realized if totally buy his Hashpower was very unprofitable. I had said if they use the smooth cloak.

[mrcash02]

A pool I am using is paying out 0.00090755 Per TH/s a day or $0.66. Genesis Mining is not transparent at all and makes it hard to find out what their fees are, but a close look at the contract reveals the daily fees for bitcoin are $0.35 per TH/s. That means over half the daily mining income is eaten up by the high fees Genesis Mining charges. When you buy hashpower at Genesis Mining you can not sell it and are just putting money in the corporate till. You paid for their miners and power supplies but are getting less than half of the mining payouts. You are subsidizing their mining operation so it is a win win for Genesis Mining. They have the gall to claim their customers are getting a good deal.

Some people were saying GenesisMining was legit and totally wrong. In my early guesses, he tries for snatching our money through the "Scam fees". According to from your sentences, I had realized if totally buy his Hashpower was very unprofitable. I had said if they use the smooth cloak.

I saw on another thread, they "eat" more than half profit investors make as tax. Reading the investors opinion, that is the worse cloud mining site investment. I don't see any reason for people invest there. There are more two options of cloud minings: HashNest and HaoBTC, these two sites looks better than Genesis Mining, but I don't think they worth anyway. Better to don't invest.

[BitcoinNewsMagazine]

Hashnest does not sell hosted S9 mining yet only the less profitable S7. If you are looking for lower fees than Genesis Mining see BW.com charges $0.26 per TH per day for B16 mining contracts and ViaBTC only charges $0.16.

[Ryan Dugan]

I am thinking about joining genesis mining and buy some of their contracts
and I was wondering if any of yo tried them before,if so, please tell me if i can trust them with my money or not
Thank You

I would not trust them with a substantial investment but maybe small ones. I think they will be ready to run soon as some people habe not been paid and after enough complaints when they realize people habe had enough then they will run.

[Tyrantt]

as much as I've researched on legit mining services, genesis mining is the legit one as hashnest I believe. IMO you're safe to invest into genesis.

[JANGKRIK BOSS]

I suggest to purchase the etherium package has a 1 year contract, my experience has not been to 8 months turnover, but for an sha256 need more than 1 year are not yet behind the RoI.

[Eric Mu]

I suggest you order your own hardware miner - an antminer S9 and ship it to a reputable hosting place. In that case, you will own the hardware instead of some abstract cloudmining contracts which often fizzle away like contracts.

[veleten]

would not touch again any cloudmining even with a stick
regardless if the service is legit or not you are not gonna ROI
there is a slim chance that bitcoin price doubles,but even then you would be much better off simply buying and sitting on your coins

[BitMaxz]

would not touch again any cloudmining even with a stick
regardless if the service is legit or not you are not gonna ROI
there is a slim chance that bitcoin price doubles,but even then you would be much better off simply buying and sitting on your coins

Honestly i can not be still trust them if they can be prove that they are mining they are still a cloud mining just like other investment site online.. but if you are nearly to the place where they are mining you can invest so that you are far in scam site..
So for me better to stay away from those cloud mining that honestly it is very risky than gambling because you did not enjoy your money unless you lose it for investing that you are hoping that you can make a good passive income..

[Simple_Lord]

I can;t say Genesis Mining is not a scam cloud mining website now. But after some time they will turn into a scam cloud mining website. Same as other website, when u join them early there are not scam, but when u are late u gonna get scam by them. Even though they are not scam, u aren't get much profit by investing in them. My main reason i reply to u is to encourage u to earn bitcoin through faucet, trading or other stuff but NOT CLOUD MINING! Hope u understand it.

[pvaspecialist]

I don't hear about genesis mining.I just found this thread Scam alert : Do NOT INVEST in Genesis Mining https://bitcointalk.org/index.php?topic=1185909.0

CloudMining are ponzi.I Just can tell you keep away from CloudMining.I was try cex.io well known site but lose my investment.you try mine with   AntMiner that would be best decision.you can buy new AntMiner S9 its now popular.My suggestion just keep away from cloud mining because most of the site are scam you will lose your all money.specially I believe every cloud mining sites are ponzi scheme.

[d@nte]

Well, the reports regarding the genesis mining service are not the best, nor are they the worst. I think the site is no scam, since they apparently comply with the contracts, the problem is that many of these contracts have details that make mining very difficult for most users, such as high maintenance fees.

[lol3c]

as much as I've researched on legit mining services, genesis mining is the legit one as hashnest I believe. IMO you're safe to invest into genesis.

Well you can not trust anything permanently, especially cloud mining. They are all scammers you know. They may be legit, but I don't think that they will last forever. Cloud mining is just another form of Ponzi scheme so I suggest you should stay away from them unless you want to throw away your money.