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Author Topic: SOLVED: genesis-mining.com vs genesismining.org  (Read 53 times)
FrankNorway
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December 15, 2017, 03:15:39 PM
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Hi

I'm about to sign up to genesismining.org but it seems lika a imposter. Found genesis-mining.com that look more legitim. Am I about to get scammed  Huh

Best wishes

Frank
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creuz
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December 15, 2017, 10:05:48 PM
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Yes, both will scam you. Don't put your money there.

https://bitcointalk.org/index.php?topic=1185909.0
magneto
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December 15, 2017, 11:02:04 PM
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Hi

I'm about to sign up to genesismining.org but it seems lika a imposter. Found genesis-mining.com that look more legitim. Am I about to get scammed  Huh

Best wishes

Frank

Yes, you're about to get scammed if you registered on the first one. They are just a flat out imposter and i can't find anything about them that would indicate to me that they're just an alternate domain of the actual genesis mining operation.

The real domain is https://www.genesis-mining.com/, the first hit on google(not google ads cause they can be imposters as well).

I would STRONGLY discourage you from inesting in even the legit one, though. Because at the end of the day you ain't going to get away with much profit, and that is IF you get any profits. Most people lose a lot of money by investing in cloud mining naively.

FrankNorway
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December 16, 2017, 12:14:51 AM
 #4

Hi

Thanks for the replays. I managed to stop the payment to genesismining.org by contacting Payeer support. They stopped the transfer from my mastercard.
I'm a lucky noob!
npredtorch
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December 16, 2017, 02:48:00 AM
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Hi

Thanks for the replays. I managed to stop the payment to genesismining.org by contacting Payeer support. They stopped the transfer from my mastercard.
I'm a lucky noob!

Good for you. Well, are you still going to invest on the "real' genesis mining?
I guess you better read their ann thread first https://bitcointalk.org/index.php?topic=602022.4900 in order to have a wide understanding on the things that happened/happening on GM.
This one too https://bitcointalk.org/index.php?topic=2511618.0 . Good luck!
FrankNorway
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December 16, 2017, 06:48:05 PM
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Good for you. Well, are you still going to invest on the "real' genesis mining?
I guess you better read their ann thread first https://bitcointalk.org/index.php?topic=602022.4900 in order to have a wide understanding on the things that happened/happening on GM.
This one too https://bitcointalk.org/index.php?topic=2511618.0 . Good luck!

Hi

No, I will wait and see if this is a ponzi scam or not first.
Thanks for the treads on the site and good help.

Frank
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December 17, 2017, 08:46:46 AM
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Good for you. Well, are you still going to invest on the "real' genesis mining?
I guess you better read their ann thread first https://bitcointalk.org/index.php?topic=602022.4900 in order to have a wide understanding on the things that happened/happening on GM.
This one too https://bitcointalk.org/index.php?topic=2511618.0 . Good luck!

Hi

No, I will wait and see if this is a ponzi scam or not first.
Thanks for the treads on the site and good help.

Frank

Genesis is probably not a ponzi scheme but i doubt that they are backed with 100% hashing power anyways. Also even if they were doing what i call "full reserve mining", their track record of producing profits is just not very good. I'm pretty sure though that their mining farm/operation has been confirmed by some guy on youtube that visited it, though i don't know if that many miners backs up the  whole amount of contracts.

Many people get their mining contracts terminated before they even make a ROI.

So yeah, do your own diligence as always. And of course, avoid the obvious phishing sites like the site you got in OP.

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December 18, 2017, 12:01:34 AM
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Genesis is probably not a ponzi scheme but i doubt that they are backed with 100% hashing power anyways. Also even if they were doing what i call "full reserve mining", their track record of producing profits is just not very good. I'm pretty sure though that their mining farm/operation has been confirmed by some guy on youtube that visited it, though i don't know if that many miners backs up the  whole amount of contracts.

Many people get their mining contracts terminated before they even make a ROI.

So yeah, do your own diligence as always. And of course, avoid the obvious phishing sites like the site you got in OP.

Thanks, I'm learning every day Smiley
Also It is scaring to find more scams then legetime providers. Maybe I should make a list and update weekly?

Frank
timerland
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December 18, 2017, 02:22:03 AM
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Genesis is probably not a ponzi scheme but i doubt that they are backed with 100% hashing power anyways. Also even if they were doing what i call "full reserve mining", their track record of producing profits is just not very good. I'm pretty sure though that their mining farm/operation has been confirmed by some guy on youtube that visited it, though i don't know if that many miners backs up the  whole amount of contracts.

Many people get their mining contracts terminated before they even make a ROI.

So yeah, do your own diligence as always. And of course, avoid the obvious phishing sites like the site you got in OP.

Thanks, I'm learning every day Smiley
Also It is scaring to find more scams then legetime providers. Maybe I should make a list and update weekly?

Frank

It's indeed scary how many scammers are out there trying to scam money from you. Especially with bitcoin as a payment method since it is completely irreversible unlike traditional payment methods like credit cards or paypal which you can reverse in case something goes wrong.

As i said, genesis mining is not a scam, but rather just a really bad investment decision to make.

Cloud mining is a whole grey area anyways. Nobody knows if a company's fully legit. The people that actually make the most money is the people who use their affiliate link and their followers to their benefit, and earn from affiliate earnings(that usually leads to people investing losing btc).

TiT Monkey
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March 26, 2018, 09:11:58 AM
 #10

21 days after a non-existant monero transfer was sent to my wallet they still tell me IT is looking into it! Anyone dumb enough to buy any new contracts with these muppets should contact me, I will sign them up to some Bitconnect contracts, cheapest rate around I guarantee....




Quote
First of all, we apologize for a delayed response.

We are receiving a significant number of tickets at the moment.

We are doing our best to get back to our customers in the shortest time possible and your patience and understanding are highly appreciated!

This ticket has been closed and merged into ticket number 471014. Even though the ticket has been closed, the information is not lost. It has simply been added to the mentioned ticket, which remains open. You will receive an answer as soon as possible.

Once a ticket is assigned to IT and goes through the process of resolving, it is handled by another department. Certain procedures have to be executed from the technical side but the issue will be resolved as soon as possible. We are really doing our best.   

We sincerely apologize for the inconvenience and thank you for your patience and understanding.



Best regards,
Maya
Genesis Mining Customer Service
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