Bitcoin Forum
December 16, 2018, 02:51:07 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: « 1 ... 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 [151] 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 ... 251 »
  Print  
Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 385645 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
alienesb
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000



View Profile
August 10, 2015, 12:52:15 PM
 #3001

If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.

Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.

Yeah I think that would happen
1544928667
Hero Member
*
Offline Offline

Posts: 1544928667

View Profile Personal Message (Offline)

Ignore
1544928667
Reply with quote  #2

1544928667
Report to moderator
1544928667
Hero Member
*
Offline Offline

Posts: 1544928667

View Profile Personal Message (Offline)

Ignore
1544928667
Reply with quote  #2

1544928667
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1544928667
Hero Member
*
Offline Offline

Posts: 1544928667

View Profile Personal Message (Offline)

Ignore
1544928667
Reply with quote  #2

1544928667
Report to moderator
IanFoxley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
August 10, 2015, 01:01:05 PM
 #3002

If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.

Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.

Yeah I think that would happen

Well thats always a question someone can ask them at their next webinar. ...

ashfaq
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
August 11, 2015, 09:46:42 AM
 #3003

what is the current roi for genesis??? and also for short term 1 year ,anyone has a rough idea

roi prolly 13 months .
and how many years does the contract lasts ? i guess 3 years Huh
and plus it has no reselling option .

IanFoxley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
August 11, 2015, 10:22:51 AM
 #3004

what is the current roi for genesis??? and also for short term 1 year ,anyone has a rough idea

roi prolly 13 months .
and how many years does the contract lasts ? i guess 3 years Huh
and plus it has no reselling option .

Bitcoin itself will define how long contracts last.  Bitcoin decides the fate not only of cloud mining companies but any company that have invested time and money into developing, apps, exchanges......etc etc

Who knows, basically! Thats my own opinion of course.

MegaMike
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
August 11, 2015, 11:34:16 AM
 #3005

If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.

Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.

This has already been addressed before:

...

3'') The question of why we are not offering hashpower trading is very good and we had long discussions about this already more than a year ago. The reason why we are not doing this is because we would need a licence for securities trading from the SEC. Most of the competitors who offered this service already received subpoenas and are not operating anymore. We have a lot of responsibilities towards our customers and doing anything that threatens our operation to that extent is not acceptable for us.
...

All the best and happy mining!
Marco Streng


According to FinCEN ruling cloud mining companies that simply pay out mined coins to the customer are not labeled money transmitters, see http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf Others that offer markets and exchanges (where the company transfers coins on behalf of customers to other customers) can be labeled as money transmitters.

And this following article is interesting as it tells us that getting proper licenses is (too) costly, and therefor you can assume failing to defend your business in US court as not being a money transmitter is even more costly/deadly: http://www.coindesk.com/bitcoin-law-money-transmission-compliance-avoidance

So... What is safer? Investing using a company that's making sure it's still operational next year and beyond, or investing using a company that may not have the required licensing to service US customers or to operate inside the US?
alienesb
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000



View Profile
August 11, 2015, 11:36:52 AM
 #3006

If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.

Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.

This has already been addressed before:

...

3'') The question of why we are not offering hashpower trading is very good and we had long discussions about this already more than a year ago. The reason why we are not doing this is because we would need a licence for securities trading from the SEC. Most of the competitors who offered this service already received subpoenas and are not operating anymore. We have a lot of responsibilities towards our customers and doing anything that threatens our operation to that extent is not acceptable for us.
...

All the best and happy mining!
Marco Streng


According to FinCEN ruling cloud mining companies that simply pay out mined coins to the customer are not labeled money transmitters, see http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf Others that offer markets and exchanges (where the company transfers coins on behalf of customers to other customers) can be labeled as money transmitters.

And this following article is interesting as it tells us that getting proper licenses is (too) costly, and therefor you can assume failing to defend your business in US court as not being a money transmitter is even more costly/deadly: http://www.coindesk.com/bitcoin-law-money-transmission-compliance-avoidance

So... What is safer? Investing using a company that's making sure it's still operational next year and beyond, or investing using a company that may not have the required licensing to service US customers or to operate inside the US?

Good points new guy
IanFoxley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
August 11, 2015, 12:32:35 PM
 #3007

If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.

Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.

This has already been addressed before:

...

3'') The question of why we are not offering hashpower trading is very good and we had long discussions about this already more than a year ago. The reason why we are not doing this is because we would need a licence for securities trading from the SEC. Most of the competitors who offered this service already received subpoenas and are not operating anymore. We have a lot of responsibilities towards our customers and doing anything that threatens our operation to that extent is not acceptable for us.
...

All the best and happy mining!
Marco Streng


According to FinCEN ruling cloud mining companies that simply pay out mined coins to the customer are not labeled money transmitters, see http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf Others that offer markets and exchanges (where the company transfers coins on behalf of customers to other customers) can be labeled as money transmitters.

And this following article is interesting as it tells us that getting proper licenses is (too) costly, and therefor you can assume failing to defend your business in US court as not being a money transmitter is even more costly/deadly: http://www.coindesk.com/bitcoin-law-money-transmission-compliance-avoidance

So... What is safer? Investing using a company that's making sure it's still operational next year and beyond, or investing using a company that may not have the required licensing to service US customers or to operate inside the US?

Interesting so companies like Hashnest etc are doing something that could get them into trouble down the road. ..I guess.. unless they can block US customers from trading hashpower. Luckily being a Brit it doesn't affect me hehe Smiley

fairglu
Legendary
*
Offline Offline

Activity: 1096
Merit: 1015


View Profile WWW
August 11, 2015, 02:51:48 PM
 #3008

Isn't Genesis Mining affected by BitLicense? (different from FinCEN)

The final version refers to virtual currencies as a whole, and the New York DFS lists "service contract providers" in its "who we supervise" list (http://www.dfs.ny.gov/about/whowesupervise.htm), doesn't a mining contract fall under that?

Zeta0S
Legendary
*
Offline Offline

Activity: 1624
Merit: 1011


View Profile
August 11, 2015, 03:10:23 PM
 #3009

If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.

Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.

This has already been addressed before:

...

3'') The question of why we are not offering hashpower trading is very good and we had long discussions about this already more than a year ago. The reason why we are not doing this is because we would need a licence for securities trading from the SEC. Most of the competitors who offered this service already received subpoenas and are not operating anymore. We have a lot of responsibilities towards our customers and doing anything that threatens our operation to that extent is not acceptable for us.
...

All the best and happy mining!
Marco Streng


According to FinCEN ruling cloud mining companies that simply pay out mined coins to the customer are not labeled money transmitters, see http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf Others that offer markets and exchanges (where the company transfers coins on behalf of customers to other customers) can be labeled as money transmitters.

And this following article is interesting as it tells us that getting proper licenses is (too) costly, and therefor you can assume failing to defend your business in US court as not being a money transmitter is even more costly/deadly: http://www.coindesk.com/bitcoin-law-money-transmission-compliance-avoidance

So... What is safer? Investing using a company that's making sure it's still operational next year and beyond, or investing using a company that may not have the required licensing to service US customers or to operate inside the US?
Good quality post +1

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Genesis-Mining
Sr. Member
****
Offline Offline

Activity: 430
Merit: 250


View Profile WWW
August 13, 2015, 12:30:58 PM
 #3010

Dear Genesis Mining community.

Genesis Mining will not be able to comply with the regulations set forth by the proposed BitLicense and as such, we will no longer be able to accept customers from the state of New York. All current customers will be able to continue their services, but going forward, no one with an IP address from the state of New York will be purchase hashpower contracts with us from this point onwards.

We stand by the cryptocurrency community and believe this particular piece of legislation is unnecessary and is an obstacle to free market innovation. We also believe that is exactly what it set it out to do. Companies across the world today posted similar announcements about leaving New York, and while it may seem like a victory to those who passed it, it is important to understand the difference between winning a battle and winning a war. Those who passed this bill have only succeeded in winning a small battle, and as a result have set their state further behind.

More information here
http://blog.genesis-mining.com/bitlicense-red-flag-acts-of-our-era

Coindesk have also written about it here.
http://www.coindesk.com/genesis-mining-leaves-new-york-following-bitlicense-deadline/


alienesb
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000



View Profile
August 13, 2015, 04:01:13 PM
 #3011

Dear Genesis Mining community.

Genesis Mining will not be able to comply with the regulations set forth by the proposed BitLicense and as such, we will no longer be able to accept customers from the state of New York. All current customers will be able to continue their services, but going forward, no one with an IP address from the state of New York will be purchase hashpower contracts with us from this point onwards.

We stand by the cryptocurrency community and believe this particular piece of legislation is unnecessary and is an obstacle to free market innovation. We also believe that is exactly what it set it out to do. Companies across the world today posted similar announcements about leaving New York, and while it may seem like a victory to those who passed it, it is important to understand the difference between winning a battle and winning a war. Those who passed this bill have only succeeded in winning a small battle, and as a result have set their state further behind.

More information here
http://blog.genesis-mining.com/bitlicense-red-flag-acts-of-our-era

Coindesk have also written about it here.
http://www.coindesk.com/genesis-mining-leaves-new-york-following-bitlicense-deadline/



Well that blows. I find it odd that the dude that pushed this crap BitLicense schlock through quit soon after. What a dick.
ashfaq
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
August 13, 2015, 05:07:06 PM
 #3012

Dear Genesis Mining community.

Genesis Mining will not be able to comply with the regulations set forth by the proposed BitLicense and as such, we will no longer be able to accept customers from the state of New York. All current customers will be able to continue their services, but going forward, no one with an IP address from the state of New York will be purchase hashpower contracts with us from this point onwards.

We stand by the cryptocurrency community and believe this particular piece of legislation is unnecessary and is an obstacle to free market innovation. We also believe that is exactly what it set it out to do. Companies across the world today posted similar announcements about leaving New York, and while it may seem like a victory to those who passed it, it is important to understand the difference between winning a battle and winning a war. Those who passed this bill have only succeeded in winning a small battle, and as a result have set their state further behind.

More information here
http://blog.genesis-mining.com/bitlicense-red-flag-acts-of-our-era

Coindesk have also written about it here.
http://www.coindesk.com/genesis-mining-leaves-new-york-following-bitlicense-deadline/



Well that blows. I find it odd that the dude that pushed this crap BitLicense schlock through quit soon after. What a dick.
LMAO.. he never wanted to invest but he did made sure that no one else invests loll...

ashfaq
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
August 13, 2015, 05:11:00 PM
 #3013

Dear Genesis Mining community.

Genesis Mining will not be able to comply with the regulations set forth by the proposed BitLicense and as such, we will no longer be able to accept customers from the state of New York. All current customers will be able to continue their services, but going forward, no one with an IP address from the state of New York will be purchase hashpower contracts with us from this point onwards.

We stand by the cryptocurrency community and believe this particular piece of legislation is unnecessary and is an obstacle to free market innovation. We also believe that is exactly what it set it out to do. Companies across the world today posted similar announcements about leaving New York, and while it may seem like a victory to those who passed it, it is important to understand the difference between winning a battle and winning a war. Those who passed this bill have only succeeded in winning a small battle, and as a result have set their state further behind.

More information here
http://blog.genesis-mining.com/bitlicense-red-flag-acts-of-our-era

Coindesk have also written about it here.
http://www.coindesk.com/genesis-mining-leaves-new-york-following-bitlicense-deadline/


THE one thing that u should add and which could increase your business very much . "Add the reselling option" that is the only option where a user can profit and plus it dosent effects the company, because there will be always new users to buy .There should be a market for GH.

Genesis-Mining
Sr. Member
****
Offline Offline

Activity: 430
Merit: 250


View Profile WWW
August 13, 2015, 05:13:39 PM
 #3014

Dear Genesis Mining community.

Genesis Mining will not be able to comply with the regulations set forth by the proposed BitLicense and as such, we will no longer be able to accept customers from the state of New York. All current customers will be able to continue their services, but going forward, no one with an IP address from the state of New York will be purchase hashpower contracts with us from this point onwards.

We stand by the cryptocurrency community and believe this particular piece of legislation is unnecessary and is an obstacle to free market innovation. We also believe that is exactly what it set it out to do. Companies across the world today posted similar announcements about leaving New York, and while it may seem like a victory to those who passed it, it is important to understand the difference between winning a battle and winning a war. Those who passed this bill have only succeeded in winning a small battle, and as a result have set their state further behind.

More information here
http://blog.genesis-mining.com/bitlicense-red-flag-acts-of-our-era

Coindesk have also written about it here.
http://www.coindesk.com/genesis-mining-leaves-new-york-following-bitlicense-deadline/


THE one thing that u should add and which could increase your business very much . "Add the reselling option" that is the only option where a user can profit and plus it dosent effects the company, because there will be always new users to buy .There should be a market for GH.

Please read a few posts up. It has already been discussed why we will not do a resell option.
https://bitcointalk.org/index.php?topic=602022.msg12111969#msg12111969

Borgminer
Hero Member
*****
Offline Offline

Activity: 758
Merit: 500


View Profile
August 15, 2015, 01:04:26 PM
 #3015

If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.
the is complete and utter BS


Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.

This has already been addressed before:

...

3'') The question of why we are not offering hashpower trading is very good and we had long discussions about this already more than a year ago. The reason why we are not doing this is because we would need a licence for securities trading from the SEC. Most of the competitors who offered this service already received subpoenas and are not operating anymore. We have a lot of responsibilities towards our customers and doing anything that threatens our operation to that extent is not acceptable for us.
...

All the best and happy mining!
Marco Streng


According to FinCEN ruling cloud mining companies that simply pay out mined coins to the customer are not labeled money transmitters, see http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf Others that offer markets and exchanges (where the company transfers coins on behalf of customers to other customers) can be labeled as money transmitters.

And this following article is interesting as it tells us that getting proper licenses is (too) costly, and therefor you can assume failing to defend your business in US court as not being a money transmitter is even more costly/deadly: http://www.coindesk.com/bitcoin-law-money-transmission-compliance-avoidance

So... What is safer? Investing using a company that's making sure it's still operational next year and beyond, or investing using a company that may not have the required licensing to service US customers or to operate inside the US?

Good points new guy
Borgminer
Hero Member
*****
Offline Offline

Activity: 758
Merit: 500


View Profile
August 15, 2015, 01:08:44 PM
 #3016

this makes no sense at all . why just new york ?

Dear Genesis Mining community.

Genesis Mining will not be able to comply with the regulations set forth by the proposed BitLicense and as such, we will no longer be able to accept customers from the state of New York. All current customers will be able to continue their services, but going forward, no one with an IP address from the state of New York will be purchase hashpower contracts with us from this point onwards.

We stand by the cryptocurrency community and believe this particular piece of legislation is unnecessary and is an obstacle to free market innovation. We also believe that is exactly what it set it out to do. Companies across the world today posted similar announcements about leaving New York, and while it may seem like a victory to those who passed it, it is important to understand the difference between winning a battle and winning a war. Those who passed this bill have only succeeded in winning a small battle, and as a result have set their state further behind.

More information here
http://blog.genesis-mining.com/bitlicense-red-flag-acts-of-our-era

Coindesk have also written about it here.
http://www.coindesk.com/genesis-mining-leaves-new-york-following-bitlicense-deadline/


Borgminer
Hero Member
*****
Offline Offline

Activity: 758
Merit: 500


View Profile
August 15, 2015, 01:11:22 PM
 #3017

just a stupid move for genesis mining. they believe in a free market but yet they cut off about 8m people .
Zeta0S
Legendary
*
Offline Offline

Activity: 1624
Merit: 1011


View Profile
August 15, 2015, 05:34:21 PM
 #3018

just a stupid move for genesis mining. they believe in a free market but yet they cut off about 8m people .
The problem is not Genesis Mining, the problem is the BitLicense.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
ashfaq
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
August 15, 2015, 05:48:36 PM
 #3019

just a stupid move for genesis mining. they believe in a free market but yet they cut off about 8m people .
The problem is not Genesis Mining, the problem is the BitLicense.
i guess this problem is because of that new guy who was criticizing 'genesis ' which eventually ended this way,maybe he never wanted to invest either but he spoiled others mining too.

Icon
Hero Member
*****
Offline Offline

Activity: 787
Merit: 500



View Profile
August 15, 2015, 05:52:45 PM
 #3020

so got a question, just upgraded my lifetime hashrate using btc  then turned around and bought an 1 year contract with my cc.

Problem is genesis had a nice little notice they have not posted on forms about using a cc after i already paid for the contract.

and i quote:

"Thank you for your order! We wish to point out that your credit card order is still under review and all your payouts (for contracts paid with credit card) will be held for 30 days. You can still use the mining allocation to allocate your coins and review your payouts. After period of 30 days ends, you will receive your payouts at once! Happy Mining!"

Now my question is will my life time contract be put on hold for a month too or just the 1 year contract?

Cause i paid in btc for my lifetime contract i should get paid daily and not have to wait a month..

Icon


Pages: « 1 ... 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 [151] 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 ... 251 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!