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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 385415 times)
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mptak123
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February 01, 2018, 05:52:45 PM
 #4961

They just added Zcash with BTG 2 years contracts on presale. Contracts will start on 30th of April.
What do you think about it guys? Is it worth it? Hashflare have much worse price when it comes to Zcash.
5000 h/s cost 12 750 USD and ROI would be more or less after 1 year according to coinwarz calculator with current price and difficulty.

Exclusive Genesis Mining 3% offer avaiable with this code uQtLeP
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cmshowers
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February 18, 2018, 01:56:24 PM
 #4962

I have had a support ticket open for over 7 months with Genesis Mining. You can read the details of what they did to me here:
https://bitcointalk.org/index.php?topic=2259139

Please DO NOT invest with them until they clear up all the outstanding tickets people have mentioned in this thread. I will update my thread when/if they address my ticket.

UPDATE

Three more months have gone by and my ticket still hasn't been addressed and I still don't have my coin. In the last month, I tried opening two tickets instead of one:
1) A ticket exactly specifying the mining day payouts I missed in April 2017. They merged this ticket with my original ticket after not responding for 17 days.
2) A ticket pointing out that there is money showing on "My Pending Balance of Payouts" that should have been paid on April 22nd, 2017. I was told to change my mining allocation and it would trigger the payout (which is something I had already tried). I did it and after a week reopened the ticket saying thank you but it didn't work. They responded "you're welcome". I reopened the ticket saying no it didn't work. They said sometimes it takes 48 hours. I reopened the ticket saying it had been 8 days. They merged the ticket with my original ticket.
rammy2k2
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March 27, 2018, 02:24:38 AM
 #4963

I'm with Genesis Mining since they started, never missed a payment, always on time unless they announced the delays.
For me, they are the best cloud mining website, and i think the only legit and real one!
If you have your doubts about them, believe me, they are real and legit!
estenity
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March 27, 2018, 02:38:29 AM
 #4964


If you have your doubts about them, believe me, they are real and legit!

so we may have really legitimate doubts ?
netpeak
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April 03, 2018, 08:56:47 AM
 #4965

Long time since I posted in this thread, so a quick little update, maybe it helps some newbies looking for information about this company:

I bought some contracts in 2015 and 2016. It's very simple, had I just bought and held my BTC I had made much much more. I barely made my ROI with GM before the contracts stopped. I believe most people who make a decent profit with GM are those who are able to get a lot of affiliates. So it would be very interesting to know how much of their operation is MLM. Exceptions are those who happen to buy a contract just at the right time, e.g. ETH when it first launched, but this is not much different from investing in the right coin at the right time.

I came here today because customer data of Genesis mining has been leaked. And since I do not get a statement from GM after having contacted them, I post this publicly.

A unique email address that I exclusively used for my Genesis Mining account is now used for Telegram ICO SPAM mails.

Stay away and hold your BTC, much better profit than investing in cloud ming.



cruxio
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April 03, 2018, 05:29:29 PM
 #4966

i don't think its a good time to buy any more hash, BTC price is falling and IIRC, GM has a clause somewhere that says that they will stop mining if BTC reaches a level where it would not be profitable to mine anymore. They will stop mining and you will be left with Hash that holds no value at all. In fact, all cloud mining companies have such a clause in their contracts. I am still unhappy that GM does not have a market where i can sell my hash and users like you, can buy my hash at cheaper rates than what they are offering atm. Zenmining offered such a feature and when i saw the price of BTC going down, i managed to rid myself of my hash power on their markets and managed to even make a small profit due to the earnings prior to the big BTC dump. GM has left me nowhere. I cannot sell the useless 1 MHS that i purchased (at a much higher price than Zen, mind you!) which does not earn me anything as it just sits there and does nothing. I should have an option to sell that 1 MHS on a market so i can salvage some part of my investment IMO.
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April 03, 2018, 11:02:57 PM
 #4967

I'm with Genesis Mining since they started, never missed a payment, always on time unless they announced the delays.
For me, they are the best cloud mining website, and i think the only legit and real one!
If you have your doubts about them, believe me, they are real and legit!

I am customer from day one, Payments are like promise everyday. To bad there are no contracts to buy right now.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
AndreyEf
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April 04, 2018, 04:21:07 PM
 #4968

Dear genesis mining employees, that write here "too bad nobody sells their contracts"
I want to sell 20 TH\S
WHY NO ONE IS BUYING?

Maybe because of this: https://bitcointalk.org/index.php?topic=3224728.msg33547183#msg33547183

UPDATE: I filed to HongKong police.

Is this where your mainheadquarters or should I also file to Iceland?

I didn't take any payouts, so I have much more chances of winning.
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April 05, 2018, 09:32:08 AM
 #4969

Dear genesis mining employees, that write here "too bad nobody sells their contracts"
I want to sell 20 TH\S
WHY NO ONE IS BUYING?

Maybe because of this: https://bitcointalk.org/index.php?topic=3224728.msg33547183#msg33547183

UPDATE: I filed to HongKong police.

Is this where your mainheadquarters or should I also file to Iceland?

I didn't take any payouts, so I have much more chances of winning.

Please no FUD.  I have 30TH/s and I get my payments for years now.

There miner farms are in Iceland and Sweden. I have seen the farm in Iceland, its there, its big, its real.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
AndreyEf
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April 05, 2018, 06:00:30 PM
 #4970


Nobody says they don't pay.
They pay 75% less.
You lost for those 3 years the 75% of money you earned.
bathrobehero
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April 06, 2018, 12:29:07 AM
 #4971

It's disappointing that genesis instead of switching their supposed GPUs mining Monero to V7, decided to mine other V1 coins and trade them for XMR.

They should convert all XMR hashrate they sold to V7.

RIP Bittrex
RIP Poloniex
cryptoslo
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April 09, 2018, 04:25:27 PM
 #4972

Yes, post fork hashrate is down 80%.  Should be getting huge payments , my 10k on v7 should be paying out $19 a day. and yes hashrate should be converted to V7 immediately.

It's disappointing that genesis instead of switching their supposed GPUs mining Monero to V7, decided to mine other V1 coins and trade them for XMR.

They should convert all XMR hashrate they sold to V7.
It's disappointing that genesis instead of switching their supposed GPUs mining Monero to V7, decided to mine other V1 coins and trade them for XMR.

They should convert all XMR hashrate they sold to V7.
Purchase SHA 256, X11 and ETH contracts today!
Start mining from $26 per 100GH/s for SHA 256, $24 per 1MH/s X11 and $53.97 3MH/s ETH (ETH SOLD OUT FOR NOW)


We are the world leading hashpower provider. Our team is working non-stop to enhance our services and products to serve you the best possible experience.

Are you curious? Switch fast and experience loads of configuration possibilities, stable services and market's best price!
Test us and get familiar with our performance. YOU will be fascinated.

Learn more about us and visit us at: www.genesis-mining.com



Media:

Genesis Mining Webinar Episode 1 - 28th July 2015
https://youtu.be/LM0YUEbOGu4

Interview at Bitcoin conference Amsterdam:
http://www.cryptoarticles.com/crypto-news/2014/5/18/genesis-mining-start-mining-for-as-low-as-14-cents-per-kilohash-bitcoin-2014-interview#

Best rated in Cloudhashing tests:
https://cloudmining.guru/wp/

General article on us:
http://bitcoinist.net/genesis-mining-a-cloud-scrypt-mining-provider/

Interview with our CEO Marco Streng:
Interview 1: http://www.cointelegraph.com/post/how_the_impossible_became_the_future_a_talk_with_genesis_mining_s_marco_streng
Interview 2: https://soundcloud.com/mindtomatter/ltb-e102-savegox-and-the-show#t=43:39 (Audio)

Facebook: https://www.facebook.com/GenesisMining
Twitter: https://twitter.com/GenesisMining



FAQ:

Q: Are you real?
A: Yes

Q: How can you provide such low prices?
A: We always optimize our locations and equipment for best performance and pass the savings to our users via lower prices

Q: Where are your mining locations?
A: Eastern Europe, Iceland, North America and China. We cannot disclose a more detailed information on this.

Q: Can we meet you?
A: Yes! We travel to Bitcoin conferences around the world. Recently we have been to Miami. Updated January 2016.

Q: Will you be releasing more coins we can mine directly?
A: Yes! We already added AUR, LOT, MEC, NOV, POT, VIA, WDC and FTC for Scrypt and BTC, UNO, Zetacoin and BTCD for SHA 256.  More coins are added during the months, decided by user poll: https://apps.facebook.com/my-polls/coinpoll

Q: Are you going to add the option of adding own pools to point the hashpower to?
A: This is something we have on our consideration list, but at the moment its got a lower priority than other things so we have no ETA at all

Q: Will you be offering monthly / weekly subscriptions?
A: We are working on implementing this, but have no ETA yet.

Q: How about other coins than SHA256 or scrypt ones?
A: We think about adding other algo's like X11 in the future, but have no ETA at all

Q: Are you going broke at your prices offered?
A: No. We have a solid finance base and planning

Q: Is maintenance and power included in the contract price?
A: FOr SHA 256 contracts there is a daily fee for maintenance. Please check the contracts for more details. For X11 contracts, the maintenance fee is already included in the upfront cost

Q: How do you handle hardware failures at our allocated hashrates?
A: We compensate failures of allocated hardware with our own buffer.

Q: How can I withdraw my coins after I started with a contract?
A: Just set the payout address in your account settings, payouts are conducted once each day

Q: When I purchase with a Credit Card, why are my payouts held for 30+ days before I get them paid out to me.
A: For security and fraud purposes.

For additional information view our FAQ at: Genesis-Mining.com



User interface:
http://img4.picload.org/image/crllwap/genesis-ui.png

CEO Marco Streng at the Bitcoin Texas Conference:
http://i.imgur.com/vXb0YJdl.png&t=539&c=_OxAFEZHvk7W1Q

Our colleagues Jakov (right) and Jan at the Amsterdam Bitcoin Conference 2014 Booth:
http://img4.picload.org/image/lcalilg/20140516_132344.jpg

CEO Marco Streng and our colleague Stefan at the Inside Bitcoins 2014 HongKong Booth:
http://img5.picload.org/image/lpcdroc/dsc06004.jpg



If you prefer to write us an email instead of posting, pm'ing, twittering and so on write us at: contact@genesis-mining.com
We are happy to answer all your questions and will update this post with all most recent information.

All the best,
Genesis-Mining.com Team

bathrobehero
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April 09, 2018, 04:33:15 PM
 #4973

Yes, post fork hashrate is down 80%.  Should be getting huge payments , my 10k on v7 should be paying out $19 a day. and yes hashrate should be converted to V7 immediately.

They should, but they almost certainly won't.

They STILL can't even manage to have automated payments on time.

At this point I highly doubt they're even have/had GPUs mining XMR. But if they do, they'll definitely mine V7 for themselves and pay us as if they were mining non-monero cryptonight coins for us.

I'm glad I didn't invest much, and honestly, I had very low expectations but this is a joke. And genesis is supposed to be the best cloud mining service.

RIP Bittrex
RIP Poloniex
netpeak
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April 10, 2018, 09:02:58 AM
 #4974

I'm with Genesis Mining since they started, never missed a payment, always on time unless they announced the delays.
For me, they are the best cloud mining website, and i think the only legit and real one!
If you have your doubts about them, believe me, they are real and legit!

I am customer from day one, Payments are like promise everyday. To bad there are no contracts to buy right now.

I am a customer form day two, and payouts ceased several times, contracts died. It's only profitable if you're part of the MLM.


btw: no response from customer service to comment on the data leak
cruxio
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April 10, 2018, 02:09:01 PM
 #4975

meanwhile i ROI on my hashx investment in 2 weeks.... it can be done, but its up to the people in charge to make an effort. then again think about it, all these cloud companies fees eat your contract and they get to keep mining with the equipment at a profit after you paid for the equipment. oh well, cloud mining was good in theory but ill keep my home miners from now on thank you. im not totally giving up on genesis ,if they can make it so we can mine on our own pool of choice so that whatever happens its your decisions that determine the outcome then they will certainly be the one's to be invested in. I personally will not spend another dime on any cloud based anything until i can mine what i want where i want.
Zeta0S
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April 14, 2018, 06:04:12 AM
 #4976

I'm with Genesis Mining since they started, never missed a payment, always on time unless they announced the delays.
For me, they are the best cloud mining website, and i think the only legit and real one!
If you have your doubts about them, believe me, they are real and legit!

I am customer from day one, Payments are like promise everyday. To bad there are no contracts to buy right now.

I am a customer form day two, and payouts ceased several times, contracts died. It's only profitable if you're part of the MLM.


btw: no response from customer service to comment on the data leak
Dataleak? Tell me about the leak please.

Edit 24 of April
: I never got any answer from Netpeak of the suggested dataleak. Seems to be
bullshit. There is no Dataleak.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
cruxio
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April 14, 2018, 03:50:50 PM
 #4977

I have a few question marks myself though...
The more I'm beginning to understand cloud mining, the more I see pro's and con's, and the more less obvious things I see. One of the things is, does GM really mine Megacoin, or do they mine Bitcoin through the most profitable course, calculate the appropriate amount of Megacoin anyone should receive and buy that, and keep whatever's left to themselves. Kinda like GAW does with their hashlet's. They have different names, for different pools, but in reality they all mine the most profitable pool and the equivalent of each pool is payed out to those who "mine" at those pools. If a hashlet would mine at Clever and make 1BTC per day, but in reality that hashlet is mining at GAW's Zenpool where it actually mines 1.5 BTC, then GAW pay's the 1 BTC to the customer and has .5 BTC profit. Same sort of thing might apply here at GM. If mining at a Megacoin pool would make 100 Megacoin, but by mining the most profitable coin you mine enough to buy let's say 150 Megacoin, then it's a smart thing to do so. But is that happening?
So you see, I think there is a market for pure coin mining where hashrate is aimed at the exact coin of choice, just for those who wish to invest in the strength and future of "their" coin. That market may be small as most people can't say two sentences about cloud mining without mentioning ROI at least once. But that market is there.  It's what I'm trying to realize actually.
antsam
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DOMINIUM - Decentralised property platform


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April 21, 2018, 08:13:07 AM
 #4978

i have account at Genesis Mining, why is the miner coin in genesis mining getting smaller?

D O M I N I U M      │    PRE-ITO WHITELIST is OPEN   [ REGISTER NOW ]    │        WHITEPAPER 
Decentralised, regulated, property financing, property listing and property management platform
♦     ANN THREAD     FACEBOOK     TWITTER     TELEGRAM     YOUTUBE     MEDIUM     LINKEDIN     INSTAGRAM     ♦
cruxio
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April 21, 2018, 03:15:33 PM
 #4979

Antminer S7 daily maintenance fee will be half of Genesis Mining or $0.00058/GHS/day. Cost per GH/s will be roughly equal. If you want to pre-order Antminer S7 to hash right now the cost will be $0.40/GHS but you will have to buy hash equal to a full miner or 4860 GHS. Still the best deal around and publicly traded about Oct 10. I see no way Genesis Mining will be able to compete with Hashnest with the significantly lower maintenance fees of S7. And unlike Genesis Mining you can sell your hashing power any time you like.
mptak123
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April 26, 2018, 06:36:11 PM
 #4980

Antminer S7 daily maintenance fee will be half of Genesis Mining or $0.00058/GHS/day. Cost per GH/s will be roughly equal. If you want to pre-order Antminer S7 to hash right now the cost will be $0.40/GHS but you will have to buy hash equal to a full miner or 4860 GHS. Still the best deal around and publicly traded about Oct 10. I see no way Genesis Mining will be able to compete with Hashnest with the significantly lower maintenance fees of S7. And unlike Genesis Mining you can sell your hashing power any time you like.


Hi

Older Genesis Mining contracts have upkeep equal of 0,0004$ per gh/s and the new ones 0,00028$  per gh/s on open ended SHA 256 contracts.
They also just added direct BCH mining so there is a choice which is important because of ever growing difficulty.

I am mining with GM since the beginning of July 2016 and all the contracts are still active.

I cannot say a bad world about them except the fact they are way behind with tickets. This is a result of a security breach which happened about 9 months ago.
In my case I did receive probably about 99.9% of what I should receive. This is a great result if you think that they have to take care of 2 million customers.

i have account at Genesis Mining, why is the miner coin in genesis mining getting smaller?

This is just a matter of luck, difficulty and coin price. They use different mining pools just to diversify. They want to be decentralized as much as possible.

Exclusive Genesis Mining 3% offer avaiable with this code uQtLeP
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