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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 383587 times)
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nickm50000
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November 15, 2014, 06:39:21 PM
 #1841

So I signed up with GAW and genesis around the same time. I got the 2 mh with genesis and the 1 mh with GAW hashlet solo multihashlet

Im pulling in about 8 cents a day from genesis and a not even a full cent a day from GAW. Literally 6 fractions of a penny from GAW. very dissapointed with GAW but genesis is doing nice
I gotta be honest...I don't trust GAW one bit.

They sit there and claim they have the highest paying pool out there (Zenpool) which makes great payouts all the way up until a ton of people buy into the company....then suddenly each MH only pays out 1 satoshi after maintenance fees.

So people complain and what happens? Josh makes up some BS about negotiations with some other companies....

People buy it for a certain amount of time.

And when nothing comes of it?

He announces some BS pre-mined altcoin that he promises will go to the moon within a year after its release....so he has all these sheep mining "hashpoints" which essentially means he has all these people buying tons of "hashing power" without having to pay them back a single cent.

I gotta be honest, he's a marketing genius. With all these "legendary" and special addition hashlets......extra money for a hopped up version of the idea of a miner...he's absolutely making a killing off of stupid people.

I'm sorry if this seems like bashing, but I just cant stand it anymore. I like to visit hashtalk just to watch all the cheerleading and people sucking up to earn "hashpoints"....and to see that anybody who doesn't follow the trend of sucking up to Josh get BANNED on the spot.

I find it hilarious to see the MONSTROUS amounts of scrypt power and sha power that he claims to be selling to people not show up on the network anywhere.

I would avoid GAW, eventually that ponzi is going to fall and a lot of people are going to lose a lot of money.

This has to do with genesis as well because I am comparing both of them. Im not here to strictly hate on GAW. Well after 3 days I will tell you what I think about their service. When you login it gives you a dashboard error because it redirects to something else. So you have to manually go in and type the dashboard url after it does this. The admin part of the site is broken. I dont mind this because I can get around it after a few seconds. My problem is the pay outs. They paid me 9 cents yesterday then took 9 cents out in fees. Im trying all the popular cloud mining services for learning purposes so I am not biased towards any certain one. Genesis has been doing 99% better than GAW though at the start of their contracts. Thats for sure. I have pulled in 1 penny with GAW in the last 3-4 days and 40 cents with genesis. those profits are super far off from each other lol
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julian071
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November 18, 2014, 09:20:54 AM
 #1842

There's a thread https://bitcointalk.org/index.php?topic=860400.0 that compares different cloudmining companies, specifically on how probable it is they are a ponzi scheme. I pointed out Genesis-mining qualified for not being a ponzi on one of the critria, e.a. pictures of their mining hardware being available. As a consequence Genesis-mining is now rated 'probably legit' hehe.

=P
Marco Krohn (GM)
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November 18, 2014, 10:12:46 AM
 #1843

There's a thread https://bitcointalk.org/index.php?topic=860400.0 that compares different cloudmining companies, specifically on how probable it is they are a ponzi scheme. I pointed out Genesis-mining qualified for not being a ponzi on one of the critria, e.a. pictures of their mining hardware being available. As a consequence Genesis-mining is now rated 'probably legit' hehe.

Hey Julian,

Thanks for bringing this to our attention and for pointing out pictures of our mining farm (we will show some more soon btw). Very much appreciated!

Cheers,
  Marco
julian071
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November 18, 2014, 12:37:54 PM
 #1844

You're most welcome. And thanks to Michael Teeuwisse for answering ticket #2788 I registered with you, my apologies for the stupid question that was the content of that ticket.

=P
Dophoeve
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November 18, 2014, 02:41:21 PM
 #1845

Still have my account and willing to sell it.

I have 31 MH, and want to sell it at the current market value for 1 BTC.

We can use escrow, no problem at all. We can use skype if u like.

Hope to hear from you, sent me a PM!

Zeta0S
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November 19, 2014, 03:27:34 PM
 #1846

black wednesday?

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
corygto
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November 19, 2014, 03:36:44 PM
 #1847

black wednesday?

?
julian071
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November 19, 2014, 04:06:00 PM
 #1848

black wednesday?

Do you mean the poor performance on altcoins today?

=P
Zeta0S
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November 19, 2014, 04:39:27 PM
 #1849

black wednesday?

Do you mean the poor performance on altcoins today?
yes

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
corygto
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November 19, 2014, 05:04:49 PM
 #1850


Yeah I was a little disappointed with the payout today as well. Unfortunately sometimes these things cannot be helped when dealing with the altcoin market :/
corygto
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November 20, 2014, 02:17:31 AM
 #1851

Hey Genesis,

Any chance of you guys adding a market to the site? It seems like most of your competitors these days have a way to trade MH/s or GH/s and it is a really nice feature to have Smiley
alienesb
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November 20, 2014, 04:15:44 AM
 #1852

When is the x11 coming online?
mghorab
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November 21, 2014, 12:19:36 PM
 #1853

how many coins note from 1 mega?
TXTCLA55
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November 21, 2014, 03:58:59 PM
 #1854

how many coins note from 1 mega?
The short answer is it varies depending on the alt coin market you could make a lot or very little. I have only 4MH and when I started I got around 40 cents, now I'm getting 20-30 cents however the alt coin market is down so thats most likely to blame.

Sincera
-TXT
galdur
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November 22, 2014, 06:02:46 AM
 #1855

Their scrypt payout has pretty much evaporated.


alienesb
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November 22, 2014, 12:57:44 PM
 #1856

Their scrypt payout has pretty much evaporated.



Yeah it's kind of stinky now
IanFoxley
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November 22, 2014, 08:23:51 PM
 #1857

Day 69 video is up now
http://youtu.be/V5XYG5cBlQw

DisaBit
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November 23, 2014, 04:40:26 AM
 #1858

Still have my account and willing to sell it.

I have 31 MH, and want to sell it at the current market value for 1 BTC.

We can use escrow, no problem at all. We can use skype if u like.

Hope to hear from you, sent me a PM!

Hi Dophoeve
How do you propose selling these 30MH/s? Are you going to give your e-mail address to someone else (they get it and change the password)? Followed by the new owner obviously choosing his/her wallet address?

I have around 140MH/s that are currently not paying much, so looking to get rid of it. There are much better options than Genesis out there at the moment. Could use your advice.
Thanks in advance.
galdur
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November 23, 2014, 01:33:27 PM
 #1859

Are they going belly up ?

Scrypt payout has tanked like 60-70%.

IanFoxley
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November 23, 2014, 04:34:23 PM
 #1860

Are they going belly up ?

Scrypt payout has tanked like 60-70%.

It is how Scrypt payouts are in general at the moment. It is not just Genesis Mining

And compared to some others, Genesis Mining is not doing so bad, just look at my videos to see how bad it could be.

These were my payouts yesterday
Genesis Mining 1 MH/s contract            0.00008780 BTC
GAW Hashlet Waffle 1MH/s                   0.00000001 BTC
GAW Hashlet Zen 1 MH/s                      0.00000942 BTC

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