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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381956 times)
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Roquene
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November 07, 2015, 02:16:50 PM
 #3681

Sorry, but posting referral links on this forum is not allowed ..

Nonsense. Ref-Link Spam is not allowed.
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November 07, 2015, 02:26:26 PM
 #3682

Sorry, but posting referral links on this forum is not allowed ..

Nonsense. Ref-Link Spam is not allowed.

Yes, you are correct. But better be careful with refs. Moderators delate any ref link. I think they don't check whether it's spam or not.
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November 07, 2015, 04:51:45 PM
 #3683

I'll correct you : it's 218 days if you think difficulty will always stay the same.

Fact is : in 200 days, difficulty will probably increase of at least 100%. You will win less and less, and someday you will not win enough to cover the fee and GM will cancel your contract before you ROI.

The same with every other cloud mining / normal mining. The risk is always there. Not only at GM.
So if you know that it is not worthwhile to invest there, don't do it. What's the problem?
Not the fault of GM If people do not inform properly.

Quote
+ There is no security reason which can justify not to show the mined blocks. PB mining was saying just the same in the past : we all know what was the real reason behind this secrety...

Cmon, you can not compare GM to PB.
The people behind GM are well known. You can see the miner per webcam.
You can even meet with the CEO.



If you want to suggest that GM is somehow cheating, I have to disappoint you.
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November 07, 2015, 06:04:58 PM
 #3684

anyone else notice they are pretty quick to reply to support stuff but NEVER answer our pool or ROI questions? Smiley 
maybe they prove me wrong and address that! haha

We have answers to those in our FAQ and always have for a long time.

www.genesis-mining.com/faq

Yeah but your answers are a non-sense.

There is not reason not to show to your customers : your total hash power / the blocks you mined / the pools you used

The ROI is another problem because no one can ROI with GM. And if you complain they delete your posts & don't answer support tickets.

if those questions are answered i will buy 5-10 th

With current Bitcoin Price and a new Conract with 0.0012 Fee, the ROI is 218 Days

Don't know why they don't show the mined Blocks. Security Reasons i guess.

If you don't have a account yet, would nice if you use my ref-link https://www.genesis-mining.com/a/8611

Fact is : in 200 days, difficulty will probably increase of at least 100%.

I do no think 100%, thats a lot of extra mining equipment that need to be turned on.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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November 08, 2015, 10:26:36 AM
 #3685

anyone else notice they are pretty quick to reply to support stuff but NEVER answer our pool or ROI questions? Smiley  
maybe they prove me wrong and address that! haha

We have answers to those in our FAQ and always have for a long time.

www.genesis-mining.com/faq

Yeah but your answers are a non-sense.

There is not reason not to show to your customers : your total hash power / the blocks you mined / the pools you used

The ROI is another problem because no one can ROI with GM. And if you complain they delete your posts & don't answer support tickets.

if those questions are answered i will buy 5-10 th

With current Bitcoin Price and a new Conract with 0.0012 Fee, the ROI is 218 Days

Don't know why they don't show the mined Blocks. Security Reasons i guess.

If you don't have a account yet, would nice if you use my ref-link https://www.genesis-mining.com/a/8611

I'll correct you : it's 218 days if you think difficulty will always stay the same.

Fact is : in 200 days, difficulty will probably increase of at least 100%. You will win less and less, and someday you will not win enough to cover the fee and GM will cancel your contract before you ROI.


+ There is no security reason which can justify not to show the mined blocks. PB mining was saying just the same in the past : we all know what was the real reason behind this secrety...



I am reading your posts now for a long time. All your regular/permanent posts regarding Genesis Mining are negative. What is your problem with GM? Do you have a contract with them and you dont get payouts?

I have multiple contracts bought in the last year and everything works fine. I dont get why are people like you complaining all the time. Since the BTC price rose in the last couple of days the payouts got much higher also. Its satisfying to see more BTCs coming in.

Mining is a risky thing, we all know that - but there is nothing to blame GM for from my point of view. They deliver what they promise.
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November 08, 2015, 03:25:54 PM
 #3686

Up to 11/7/2015...hang in there BTC!


Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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November 09, 2015, 03:06:27 PM
 #3687

Can GM clarify if we could pay them in their HK office?




GM,

I noticed you guys have a Hong Kong address! Smiley Can I drop by your Hong Kong office to buy hashing power using cash? It's 3 hours flight away from my location. Smiley Will drop by during vacation.

O yeh your right!, they changed address, last year i send them a Christmas card to Hamilton HM 08, Bermuda.  But i guess the card got lost..



In their mailing list, GM listed a Hong Kong address. I assuming it is there to liaise with the China BTC market. It will be good if GM accepts walk in customers in their HK office. I could drop by buy some hashing power using cash when i fly over to HK for vacation.

I don't believe in using coins to buy hashing power. Unfortunately, GM regards credit card paying customers in non-US/non-EU region as scammers. Shame on them in this aspect.

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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November 10, 2015, 04:16:49 PM
 #3688

Can GM clarify if we could pay them in their HK office?


I suppose the answer is no, but what you trying to prove in this way?
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November 10, 2015, 06:36:57 PM
 #3689

Genesis Mining is Selling X11 again!!!!
Get it for it`s sold out! And it`s Sold out!  Cry

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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November 12, 2015, 10:19:31 AM
 #3690

Hello miners!

After selling out of X11 contracts, we are pleased to inform you that we are now back up and running and contracts are once again available for purchase!

Since the demand for X11 exceeded our estimation by far and we want to ensure to be able to serve the maximum amount of customers, all X11 orders will be limited to 100 MHs per contract. We are ramping up more capacity continuously but please understand that this is necessary in order to let the most of you enjoy the benefits of X11 and use the capacity for as much users as possible.

We are extremely excited about the potential for X11 mining and so far, our customers have provided excellent feedback about the results.

Here is a video showing one of our most recent X11 build outs.

Click https://www.youtube.com/watch?v=RqEgF7NCJ-0.




As always, thanks for being a customer. We now proudly serve over 80,000 customers and we look forward to continuing to serve you all.

Sincerely,

Marco Streng

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November 12, 2015, 09:53:53 PM
 #3691

Here is a video showing one of our most recent X11 build outs.

Click https://www.youtube.com/watch?v=RqEgF7NCJ-0.


Wow! Great video!
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November 12, 2015, 11:06:13 PM
 #3692

Let's face it : GM is shady. Probably not the way PB mining was because I believe they are mining. But I'm almost sure their reserve is fractionnal. If they don't give their customers the informations we ask for (total hash, pools used, blocks mined), it's definitively because they hide something. I can also show you some miners with a webcam. It doesn't prove anything about the total hashing power I have and I'm running.
This is the case for almost every cloud mining player. Hashnest, Bit-X, CloudMining.website, HashFlare, eobot... no one is different. None will give you total hash power sold and their mining address. Some showing mining firm, some showing vouch from miner manufacturer and some showing payment proof. All of them are practicing fractional reserve mining. Let's face it.

Unfortunately, the more powerful & influential will try to shut your mouth in various way. By negative trust, deleting post etc.
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November 12, 2015, 11:31:47 PM
 #3693

A information. It is quite possible to find out from where come the coins. Who traced the withdrawals gets easily out which pools GM used. The Hotwallet address is publicly known. It is possible to draw conclusions about how much Hashrate actually exists. Whether the hardware is at GM in the data center or is rented, I can not say.
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November 12, 2015, 11:38:37 PM
 #3694

Let's face it : GM is shady. Probably not the way PB mining was because I believe they are mining. But I'm almost sure their reserve is fractionnal. If they don't give their customers the informations we ask for (total hash, pools used, blocks mined), it's definitively because they hide something. I can also show you some miners with a webcam. It doesn't prove anything about the total hashing power I have and I'm running.
This is the case for almost every cloud mining player. Hashnest, Bit-X, CloudMining.website, HashFlare, eobot... no one is different. None will give you total hash power sold and their mining address. Some showing mining firm, some showing vouch from miner manufacturer and some showing payment proof. All of them are practicing fractional reserve mining. Let's face it.

Unfortunately, the more powerful & influential will try to shut your mouth in various way. By negative trust, deleting post etc.

Proofing the hashrate and the amount sold is difficult. There might be some fractional reserve mining here and there, however, I do not think that the more trustworthy ones are really doing it.

I have not followed all posts here, but GM has at least given me enough proof that they are real, endorsements from mining manufacturers (including spondolies IIRC) and videos (btw the GPU farm video is nice). On the other hand some people in the forum behave like idiots.
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November 12, 2015, 11:40:39 PM
 #3695

A information. It is quite possible to find out from where come the coins. Who traced the withdrawals gets easily out which pools GM used. The Hotwallet address is publicly known. It is possible to draw conclusions about how much Hashrate actually exists. Whether the hardware is at GM in the data center or is rented, I can not say.

If it is the only hot wallet. Someone I know is also mining with GM and he gets his payments from a different hot wallet.
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November 12, 2015, 11:44:03 PM
 #3696

Let's face it : GM is shady. Probably not the way PB mining was because I believe they are mining. But I'm almost sure their reserve is fractionnal. If they don't give their customers the informations we ask for (total hash, pools used, blocks mined), it's definitively because they hide something. I can also show you some miners with a webcam. It doesn't prove anything about the total hashing power I have and I'm running.
This is the case for almost every cloud mining player. Hashnest, Bit-X, CloudMining.website, HashFlare, eobot... no one is different. None will give you total hash power sold and their mining address. Some showing mining firm, some showing vouch from miner manufacturer and some showing payment proof. All of them are practicing fractional reserve mining. Let's face it.

Unfortunately, the more powerful & influential will try to shut your mouth in various way. By negative trust, deleting post etc.

Proofing the hashrate and the amount sold is difficult. There might be some fractional reserve mining here and there, however, I do not think that the more trustworthy ones are really doing it.

I have not followed all posts here, but GM has at least given me enough proof that they are real, endorsements from mining manufacturers (including spondolies IIRC) and videos (btw the GPU farm video is nice). On the other hand some people in the forum behave like idiots.

https://www.reddit.com/r/BitcoinMining/comments/3s5wmh/bitmain_has_misleading_s7_specs_be_careful/

It seems Bitmain is cheating a bit, as well.

On the other hand, which company is not?
Zeta0S
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November 13, 2015, 12:45:08 AM
 #3697

GM is the real deal.  Used there service from day 2, no complains.

The X11 is great! love it!

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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November 13, 2015, 05:37:31 AM
 #3698

Invested in some X11 today as i missed out on the first release. Hoping for some better results than their SHA hashes..they stopped paying those out 2 months ago..lol
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November 13, 2015, 05:42:47 AM
 #3699

Invested in some X11 today as i missed out on the first release. Hoping for some better results than their SHA hashes..they stopped paying those out 2 months ago..lol
Not completely though, was just the older contracts which unfortunately died just a week or two just before BTC price went up.

Those on 0.0015 USD or 0.0012 USD maintenance fee contracts are fine.

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November 13, 2015, 05:48:48 AM
 #3700



https://www.reddit.com/r/BitcoinMining/comments/3s5wmh/bitmain_has_misleading_s7_specs_be_careful/

It seems Bitmain is cheating a bit, as well.

On the other hand, which company is not?


I did read that the first few batches of the S7s were not performing too well, then again I think alot of first batches of miners can be like that from reading up in the past.

Some users reported issues with the heatsinks coming away from the chips as well....I suppose over time these things will be fixed but if you get one of the first batches and you do not realise at the time of purchasing, then that could be a problem in the future as who knows how long these miners will last.

KNC titans were a problem too if i recall..

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