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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 382074 times)
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fairglu
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September 20, 2015, 11:30:07 PM
 #3241

Taint-analysis update: found about 315 BTC, so they're not dry, and do not appear to have had their funds hacked.
They made a 150 BTC withdrawal recently to what looks like an exchange, but that's a regular occurrence.
 
Also found that they got a fair amount of BTC from BitFury's pool recently.

So it looks like a payout glitch, from a blockchain POV

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Roquene
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September 20, 2015, 11:30:48 PM
 #3242

Got my payout. (19.09.2015 )
It's 265 Sat. per GH/s

still a bit low, but 'okay'.
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September 20, 2015, 11:31:07 PM
 #3243

It does not look good, but the whole project seems to be far away from scams..
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September 20, 2015, 11:32:39 PM
 #3244

at least this guys pay Wink

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September 20, 2015, 11:34:18 PM
 #3245

Taint-analysis update: found about 315 BTC, so they're not dry, and do not appear to have had their funds hacked.
They made a 150 BTC withdrawal recently to what looks like an exchange, but that's a regular occurrence.
 
Also found that they got a fair amount of BTC from BitFury's pool recently.

So it looks like a payout glitch, from a blockchain POV

What is a blockchain pov?
 Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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September 20, 2015, 11:38:15 PM
 #3246

Taint-analysis update: found about 315 BTC, so they're not dry, and do not appear to have had their funds hacked.
They made a 150 BTC withdrawal recently to what looks like an exchange, but that's a regular occurrence.
 
Also found that they got a fair amount of BTC from BitFury's pool recently.

So it looks like a payout glitch, from a blockchain POV

What is a blockchain pov?
 Smiley

Sorry! POV = Point Of View

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September 20, 2015, 11:42:22 PM
 #3247

There is another possible scenario at work here.  With payouts 40% lower than 2 weeks ago, BTC prices slightly higher than 2 weeks ago, and multipool algorithms in place to minimize pool variance there could be a series of miner hardware or networking failures taking place.  It's the only thing that makes any sense.  With a 100% uptime guarantee in place we should be compensated for the apparent loses we are suffering, right Genesis-Mining?  Give us some kind of communication here about what is happening or all sorts of theories will pop up here.


A little more transparancy would go a long way with customer relations here.  Then we can actually see for ourselves what's is going on with everything and speculation would be kept to a minimum.  Do you really have anything to hide from the owners of GM Hashrate contracts?

Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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September 20, 2015, 11:54:21 PM
 #3248

Got my payout. (19.09.2015 )
It's 265 Sat. per GH/s

still a bit low, but 'okay'.

u got a new contract or u paying old fees of 0.0015 $?

regards
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September 21, 2015, 12:03:05 AM
 #3249

u got a new contract or u paying old fees of 0.0015 $?
regards
Have 0.075 TH old contract and 0.25 TH new contract.
So i guess it is okay that way.
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September 21, 2015, 12:07:53 AM
 #3250

u got a new contract or u paying old fees of 0.0015 $?
regards
Have 0.075 TH old contract and 0.25 TH new contract.
So i guess it is okay that way.

So you get what. 60 cents a day right? That´s really great you can buy yourself a cup of coffee once a week. How much did you fork out for this great deal?

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September 21, 2015, 12:12:11 AM
 #3251

So you get what. 60 cents a day right? That´s really great you can buy yourself a cup of coffee once a week. How much did you fork out for this great deal?

Holy Crap. So you saying that i don't reach ROI in 60 days? Omg!
If I had only known before!

Oh wait, I have.

It's my business, in which hole I throw my money.
And guess what. I'm going to invest even more.
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September 21, 2015, 12:38:25 AM
 #3252

I have two accounts with Genesis Mining. One account is with Genesis the second is Genesis Spondoolies account. Over the past 4 days my Genesis Spondoolies account reduced payouts by 50% for the first two days then over the last 2 days I've had 0 payout. This on an account with 31 Ths. The pure Genesis-Mining account has 15 Ths and payouts are what they should be. This is weird. I wonder if anyone else is seeing similar problems.
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September 21, 2015, 12:40:29 AM
 #3253

I have two accounts with Genesis Mining. One account is with Genesis the second is Genesis Spondoolies account. Over the past 4 days my Genesis Spondoolies account reduced payouts by 50% for the first two days then over the last 2 days I've had 0 payout. This on an account with 31 Ths. The pure Genesis-Mining account has 15 Ths and payouts are what they should be. This is weird. I wonder if anyone else is seeing similar problems.

Check your contracts. The Genesis Spondoolies account probably contains some earlier contracts with the $0.0019 maintenance fee which are in jeopardy of becoming worthless soon.

Edt: I have a bunch of $0.0019 contracts from earlier this year. I'll be lucky if I got 20% back of what I'd put in.
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September 21, 2015, 12:52:24 AM
 #3254

Genesis Mining is the largest and most trusted Bitcoin cloud mining provider in the world. We are dedicated to transparency, efficiency, and maximize your ...

The largest in the world? Really? Exactly where can one get that verified? Their transparency is zero, does not exist.

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September 21, 2015, 01:03:29 AM
 #3255

They scammed out scrypt hash and a few weeks later made it worthless. Now they´re writing down the payouts of old customers to bolster payouts to new customers. It´s a scam. In a few months I will be posting the same thing when their supply of new idiots has run out.

Apart from the operators the only people benefiting are referral whores that profit from scamming others into the scam. Of course you´ll see them promoting and defending the scam to the very end.

Genesis Mining does have an affiliate program but to be crystal it is not very lucrative for affiliates at all so not a strong reason to avoid GM. However there are a few other negatives when considering investing.

1) When you buy hash at GM you are stuck, there is no way to sell it. That alone is reason to run, not walk away.
2) Also consider there is a new kid in town with daily fees half what GM charges: Hashnest S7. Cost of S7 is same as Genesis Mining.

Downside to S7 is the miners are new and if you want to buy right now you have to buy a full miner to hash with deployment on Oct 10. However once Oct 10 comes, not that far off S7 hash will be trading on the Hashnest internal market so you can buy and sell smaller amounts of hash at will.

I would be surprised if Genesis Mining exists as it is now in a year. As demand for their product diminishes they will change their business model.

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September 21, 2015, 02:14:44 AM
 #3256

I paid 0.5 btc (actually $145 then) for 0.5 TH/s on August 8th. At first, they were paying out 0.00195 btc a day, and then slowly decreased to 0.00134 by end of August. Today, the payout from Genesis Mining was 0.000826 for my 0.5 TH/s. So far, I have recouped 0.0628 btc. At this rate, I will never get my 0.5 btc back before my 1-Year contract runs out next August. In fact, I AM worried that I may never even get 1/2 of what I paid. This is the worst "investment" in mining.

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September 21, 2015, 03:25:17 AM
 #3257

Genesis Mining is the largest and most trusted Bitcoin cloud mining provider in the world. We are dedicated to transparency, efficiency, and maximize your ...

The largest in the world? Really? Exactly where can one get that verified? Their transparency is zero, does not exist.

My thoughts exactly. I highly doubt their their biggest with Bitmain on the rise and other company's that are out their. Maybe admin will provide proof but I doubt very much their largest provider in the world fact. Maybe 1 of the biggest out of 20 or so company's but still mehh bigger and better places than Genesis. I was tempted to buy but reading more comments on payments and daily payments is a no go for me.

=
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September 21, 2015, 03:53:43 AM
 #3258

Genesis Mining is the largest and most trusted Bitcoin cloud mining provider in the world. We are dedicated to transparency, efficiency, and maximize your ...

The largest in the world? Really? Exactly where can one get that verified? Their transparency is zero, does not exist.

My thoughts exactly. I highly doubt their their biggest with Bitmain on the rise and other company's that are out their. Maybe admin will provide proof but I doubt very much their largest provider in the world fact. Maybe 1 of the biggest out of 20 or so company's but still mehh bigger and better places than Genesis. I was tempted to buy but reading more comments on payments and daily payments is a no go for me.

It would probably be helpful for investors to have confirmed and proven that all the hash this operation sells is actually mining. Maybe it´s part ponzi. One thing is for sure, you have no regulation and absolutely no demand for transparency from the naive investors, that is clear incentive for fraud; in fact invitation.

Face it; bitcoin´s middle name is scam which of course is the main reason why it´s chronically in the dumps with no volume or buying interest. So, never just take THEIR word for it, demand verification.

I´m curious; approximately what kind of warehouse space would the world´s largest mining operation require? It would be rather massive, right? Maybe I should check it out, it´s only a 30 miles drive or so.











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September 21, 2015, 04:22:27 AM
 #3259

Genesis Mining is the largest and most trusted Bitcoin cloud mining provider in the world. We are dedicated to transparency, efficiency, and maximize your ...

The largest in the world? Really? Exactly where can one get that verified? Their transparency is zero, does not exist.

My thoughts exactly. I highly doubt their their biggest with Bitmain on the rise and other company's that are out their. Maybe admin will provide proof but I doubt very much their largest provider in the world fact. Maybe 1 of the biggest out of 20 or so company's but still mehh bigger and better places than Genesis. I was tempted to buy but reading more comments on payments and daily payments is a no go for me.

It would probably be helpful for investors to have confirmed and proven that all the hash this operation sells is actually mining. Maybe it´s part ponzi. One thing is for sure, you have no regulation and absolutely no demand for transparency from the naive investors, that is clear incentive for fraud; in fact invitation.

Face it; bitcoin´s middle name is scam which of course is the main reason why it´s chronically in the dumps with no volume or buying interest. So, never just take THEIR word for it, demand verification.

I´m curious; approximately what kind of warehouse space would the world´s largest mining operation require? It would be rather massive, right? Maybe I should check it out, it´s only a 30 miles drive or so

If its local to you then theirs no harm in having a drive down and asking questions. I been to a few locations in my area that have proven to be a scam and none checked out to even be legit. Theirs a few right now that are still claiming they are legit, yet their office is fake and address was sold on to another company a number of months back. I would first maybe make some calls or maybe book an interview with them, see what response you get from them.

=
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September 21, 2015, 04:57:05 AM
 #3260

Well, the less personal communication with these scumbags the better for me. I would just check out the size of the warehouses of the world´s largest miner.

They brag about being one of Iceland´s largest purchasers of electricity. That one I might be able to find out with a few phone calls.

Well one of their pictures of their locattion.

Not sure how old this is but if that is all they have or say 4x units like it then their nowhere near the biggest going.

and with their video on their website saying have 7 locations. Is far smaller than a lot of the other business out their and ones that are coming online. Would be nice to get some insights and documented proof of how genesis claims to be the worlds biggest when it is not.

=
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