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Author Topic: Genesis Mining went from good to bad [Cloud mining]  (Read 59 times)
alexnienow
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February 04, 2018, 11:38:03 AM
 #1

Over the summer In August,  I decided I want to get into cloud mining. Genesis mining by far was the most trusted company and will still be. I bought a 7.5th open ended btc contract and a 30 mh eth contract that ends in 2 years.
Payments were going good. I was Getting .0015 a day just from the btc contract. However now I been getting .0006 btc a day almost a 66% increase in difficulty. It’s ridiculous. This is my story of how my experience went from good to the ugly.

But on a serious note, I did end up in profit. So still a happy man at the end of the day.

Because of my cloud mining experience with genesis mining isn’t the best right now, I’m willing to my genesis mining account for reasonable price. I’m valuing it at 1/3 of the original price I bought it for so anywhere between 600-750.

If you are interested you may contact me at alexandronienow1@gmail.com or telegram:alexnienow
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February 04, 2018, 02:02:52 PM
 #2

There are tens of threads about cloud mining contracts and almost experiwnced guys have clearly stated that these schemes are no more profitable, or i can say nobody got profits from cloud minings so far.  May be you didn't notice those threads or you deliberately ignored early warnings but now you should take lesson from current loss and never make mistakes again. It is easy and assured profit if you incest in bitcoin instead


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AngelSky
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February 04, 2018, 04:37:43 PM
 #3

Over the summer In August,  I decided I want to get into cloud mining. Genesis mining by far was the most trusted company and will still be. I bought a 7.5th open ended btc contract and a 30 mh eth contract that ends in 2 years.
Payments were going good. I was Getting .0015 a day just from the btc contract. However now I been getting .0006 btc a day almost a 66% increase in difficulty. It’s ridiculous. This is my story of how my experience went from good to the ugly.

But on a serious note, I did end up in profit. So still a happy man at the end of the day.

Because of my cloud mining experience with genesis mining isn’t the best right now, I’m willing to my genesis mining account for reasonable price. I’m valuing it at 1/3 of the original price I bought it for so anywhere between 600-750.

If you are interested you may contact me at alexandronienow1@gmail.com or telegram:alexnienow

Now difficulty has been increased for all the crypto currencies buddy. Even people mining with the ASIC and GPU rigs also getting the cheaper profit than they was getting some months before. Moreover price fall also sweep the price value.
Some people invested on Genesis does not take the ROI too and left the mining with the huge fees to manage it and some contracts also getting closed.

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crairezx20
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February 04, 2018, 05:17:47 PM
 #4

Its normal that you are having experience of low profitability in cloud mining day by day there are new comers are enter to the mining field that is why the difficulty is increase and the profitability if you are mining in bitcoin is low after the price drop few days ago.. So i think miners are also affected not only you which is renting hashrate from genesis mining..
And honestly there are lots of schemes that they make you earn in the first place and the end they will no longer profitable..
So if you really wanted to mine with your own better to just buy your own hardware and mine so that you can decrease the risk to scam by other cloud mining. ..


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mrcash02
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February 04, 2018, 05:22:53 PM
 #5

Because of my cloud mining experience with genesis mining isn’t the best right now, I’m willing to my genesis mining account for reasonable price. I’m valuing it at 1/3 of the original price I bought it for so anywhere between 600-750.

That is what can be called Greek Gift, with the exception people will be paying for this, what makes the deal even worse...
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February 04, 2018, 11:06:12 PM
Merited by mrcash02 (1)
 #6

Because of my cloud mining experience with genesis mining isn’t the best right now, I’m willing to my genesis mining account for reasonable price. I’m valuing it at 1/3 of the original price I bought it for so anywhere between 600-750.

That is what can be called Greek Gift, with the exception people will be paying for this, what makes the deal even worse...

That's a great summary!

To make it clear OP is making things up because he wants to sell this worthless contract. GM was never a trusted company and they didn't go from good to bad. They were always bad. Their whole scheme was based on stealing from people who can't count and selling them lifetime contracts that were becoming unprofitable after a year. A lifetime contract that pays for a year = the definition of a scam.

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