Genesis-mining.com || World's leading hashpower provider!

[chafer99]

Exactly. For me, the GM is very profitable, because ASIC-miner pay more for electricity.
I have little question, if i eg. GM contracts at 0.0015 USD, and buy new GM contracts at 0.00079 USD. Terminated contract at 0.0015 if not profitable?

[Genesis-Mining]

Hey miners,

we're currently at the North American Bitcoin Conference in Miami!
Here's the official twitter feed. And here's our hashtag: #exploreBitcoin!

We also prepared a little special to start off the weekend!



You can see more of them here on our Blog!

Last April in his annual letter to shareholders, CEO of JPMorgan Jamie Dimon warned that “Silicon Valley is coming”. Well, Mr. Dimon, you’re right. But it’s not just Silicon Valley. Technology is being developed in places like Boston, Israel, and Singapore that are threatening Wall Street’s grip on global finance. Leading that charge is Bitcoin and Blockchain. Big banks like JP Morgan have had a “monopoly on money” for far too long, and for the first time ever, that’s changing.

The big banks are woefully behind the innovation curve and are only just now beginning to realize it. Many have adopted an antagonist response to the disruptors in their industry, but it’s already too late. Because what they don’t realize is they can’t stop innovation. You just can’t stop hundreds of millions of consumers who are fed up with an archaic monetary system that is controlled by a handful of wealthy Wall Streeters.

All the best,
Genesis Mining

[ptshamrock]

Thank you genesis for doing this. Of course it is in your best interest as well but it all helps to transform the image from a novelty item to a technological breakthrough!

[elrippo]

[loki0505]

Hey Genesis-Mining,

I know a few weeks ago you were having issues with DASH and changed my mining allocation to BTC AUTO....kinda sux since DASH is now close to  $6.00USD (when i complained I believe it was at $2.00+)

Are you still having issues w/x11 dash mining?

[Macno]

Are you still having issues w/x11 dash mining?

Don`t think so, it works perfectly fine for me (started 14 days ago).

[tylerderden]

So...this keeps getting better and better I haven't signed into my account for quite awhile since the payouts stopped, now I don't even have any hash power in my account at all lol!! Great service you guys are running here, way to go on keeping crypto shady as fuck. Next time I'll just use my money to roll joints, at least then I get something out of it.

[IanFoxley]

Hey Genesis-Mining,

I know a few weeks ago you were having issues with DASH and changed my mining allocation to BTC AUTO....kinda sux since DASH is now close to  $6.00USD (when i complained I believe it was at $2.00+)

Here are my Auto BTC payouts for 305 MH/s X11
0.04706559 BTC was that payout which is 18.41 USD currently although that amount changes all the time due to BTC / USD price changes.

My 1 MH/s Dash payout was 0.01144160  so multiply that by 305 = almost 3.5 Dash.

3.5  Dash coins currently are almost worth just over 0.0439498396 at the site I looked it, so it seems that BTC (AUTO) is still more profitable so you could just send some BTC to an exchange and trade it to Dash.

I used this site to work that all out  https://www.coingecko.com/en/price_charts/dash/btc/7_days

[tylerderden]

about 36% drop for today PO. argh...

aye, was thinking the same.   it's evident my contracts will be null soon, thank god they were super small.
strangely i am more at peace as they end, kinda happy to be away from this company i guess

Why are you so complacent about the prospect of Genesis Mining just terminating your mining contracts?  They sell most of the contracts as a "lifetime" contract.   These are therefore long-term contracts.   Many of the Bitcoin mining contracts that are now paying a few cents per day have only been running for a few months.  Buyers have not even received their purchase money back, let alone any return on investment. 

If Genesis Mining want people to purchase mining power, then they should NOT exercise the termination clause.  In the contract it says they "may" end the contract if there are no payouts for 20 days.  They should not exercise this option if they want people to continue to buy contracts with them.   

I have bought hashing power with Genesis Mining rather than my own equipment.  It is not good business practice for them to terminate my contract and resell this hashing power to someone else.  Bitcoin mining profitability goes up and down. I understand that there may be periods when it is not profitable to mine, but these come and go. 

Genesis Mining should just suspend the contract until the bitcoin price/difficulty changes and produces a return again.  They should not take away the hashing power I have paid for and resell it to someone else.  The resulting bad publicity on social media would greatly affect their business and they would be foolish to do this.

I agree 100 % as do most of the people on here that helped buy these dick heads warehouses full of mining equipment. Good service isn't a priority here, I've been dealing with this "company" for a few years now they just don't care. If anyone is thinking of giving them money just don't do it, go buy your own gear at least then you can get ROI if your smart. This is just a big scam like all of the others to pay for fancy pants to go to conferences and pretend they are a legitimate company providing a service to new people so they can continue taking in money. Same old crypto shit pretty much.

[Matt707]

I finally received a refund on my Genesis contacts (10 days after requesting a cancellation and 11 days after my initial purchase.) Genesis refunded all 21.545 btc.

 It was not easy dealing with support or IT, but they eventually coughed up the coin. All in all I think I'd have to give GM a generous" C- ". Customer support is mostly awful: waiting on replies for 2 or 3 days. I understand that GM has "100,000 customers" ( probably unhappy ones) but with a  substantial investment, I expect a higher level of service then that of my cable provider.

After failing to reach support for 3 days trying to confirm the cancellation/refund, I sent a message to GM on their Facebook page. They responded with this: " You need to show more patience." Seriously GM!? Go flog yourselves. GM you need to show more fiduciary responsibility to folks who have given you their $$$. 

I'm sure I could have been persuaded to keep some of my investment in GM had things gone smoothly, but that's a big nope for me now.

Best of luck to all who have active contracts I hope you all get your ROI. I don't think that GM is a scam; just an org with a lousy business plan, zero transparency and poor implementation.
 

[IanFoxley]

I finally received a refund on my Genesis contacts (10 days after requesting a cancellation and 11 days after my initial purchase.) Genesis refunded all 21.545 btc.

 It was not easy dealing with support or IT, but they eventually coughed up the coin. All in all I think I'd have to give GM a generous" C- ". Customer support is mostly awful: waiting on replies for 2 or 3 days. I understand that GM has "100,000 customers" ( probably unhappy ones) but with a  substantial investment, I expect a higher level of service then that of my cable provider.

After failing to reach support for 3 days trying to confirm the cancellation/refund, I sent a message to GM on their Facebook page. They responded with this: " You need to show more patience." Seriously GM!? Go flog yourselves. GM you need to show more fiduciary responsibility to folks who have given you their $$$. 

I'm sure I could have been persuaded to keep some of my investment in GM had things gone smoothly, but that's a big nope for me now.

Best of luck to all who have active contracts I hope you all get your ROI. I don't think that GM is a scam; just an org with a lousy business plan, zero transparency and poor implementation.
 

Wow you were lucky, I think all cloud mining companies do not even have a refund policy. Hashnest allows you to sell hashpower but as the prices keep lowering if you had invested 21.5 BTC in it and then wanted to pull out of it all a few days later you probably would have found that you got far less BTC back than you put in.

[babs1975]

I want to invest in Genesis-mining but I am not very sure how it works. When you invest in a one year contract, do you get your principle back after the expiry of the contract?

[crazyivan]

I want to invest in Genesis-mining but I am not very sure how it works. When you invest in a one year contract, do you get your principle back after the expiry of the contract?

Hah. U dont.

[IanFoxley]

I want to invest in Genesis-mining but I am not very sure how it works. When you invest in a one year contract, do you get your principle back after the expiry of the contract?

Hi Babs, i have a one year contract with X11 and how it works is that you pay for the hashpower for a year and then that hashpower is used to mine coins.
After a year it will stop so it is the mined coins that you get back in a year that will determine if you have made a profit or a loss.

They can not give the principle back as the money you pay upfront is for purchasing hashpower for a year and that hashpower is tied to a graphics card which is being reserved to you for a whole year.

[Matt707]

Babs, You shill.

[Makingsure]

Babs, You shill.

l.m.a.o
he's a shill? 
says the 3 post newbie account , lets see a signed message for that 21btc they "refunded" you then hmm?   
like omg this threads gonna get so nuked when they come online guys, outsing their scams haha

[biggbox]

I finally received a refund on my Genesis contacts (10 days after requesting a cancellation and 11 days after my initial purchase.) Genesis refunded all 21.545 btc.

 It was not easy dealing with support or IT, but they eventually coughed up the coin. All in all I think I'd have to give GM a generous" C- ". Customer support is mostly awful: waiting on replies for 2 or 3 days. I understand that GM has "100,000 customers" ( probably unhappy ones) but with a  substantial investment, I expect a higher level of service then that of my cable provider.

After failing to reach support for 3 days trying to confirm the cancellation/refund, I sent a message to GM on their Facebook page. They responded with this: " You need to show more patience." Seriously GM!? Go flog yourselves. GM you need to show more fiduciary responsibility to folks who have given you their $$$. 

I'm sure I could have been persuaded to keep some of my investment in GM had things gone smoothly, but that's a big nope for me now.

Best of luck to all who have active contracts I hope you all get your ROI. I don't think that GM is a scam; just an org with a lousy business plan, zero transparency and poor implementation.
 

What did you do to invoke the refund policy? Is there a clause that allow you to do that? I wonder will this discussion be removed.

[Macno]

I finally received a refund on my Genesis contacts (10 days after requesting a cancellation and 11 days after my initial purchase.) Genesis refunded all 21.545 btc.

 It was not easy dealing with support or IT, but they eventually coughed up the coin. All in all I think I'd have to give GM a generous" C- ". Customer support is mostly awful: waiting on replies for 2 or 3 days. I understand that GM has "100,000 customers" ( probably unhappy ones) but with a  substantial investment, I expect a higher level of service then that of my cable provider.

After failing to reach support for 3 days trying to confirm the cancellation/refund, I sent a message to GM on their Facebook page. They responded with this: " You need to show more patience." Seriously GM!? Go flog yourselves. GM you need to show more fiduciary responsibility to folks who have given you their $$$. 

I'm sure I could have been persuaded to keep some of my investment in GM had things gone smoothly, but that's a big nope for me now.

Best of luck to all who have active contracts I hope you all get your ROI. I don't think that GM is a scam; just an org with a lousy business plan, zero transparency and poor implementation.
 

What did you do to invoke the refund policy? Is there a clause that allow you to do that? I wonder will this discussion be removed.

I don`t get the problem. You bought a contract and then decided to cancel the purchase the day after and even got the money back and still complain?

[IanFoxley]

What did you do to invoke the refund policy? Is there a clause that allow you to do that? I wonder will this discussion be removed.

User already has written that he had contract for one day then asked for refund.

So no I don't think it means that someone who has had a contract for a very long time will get a refund.

More like GM were being generous than anything else because of the website issues and so it was a goodwill gesture.

[Maniakus]

Hi guys this is then the "BEST" site to cloud mining? i want to invest about 4.000dollars to cloud site somewhere but i dont know to choose i googling maybe a week to know is it scam or not... i mean i looking for more site like is eobot,cldmine,hashocean etc... this one too what is the best not scam site? what site you invest more then 100 bucks? (dont reply if you dont invest nothing and site pay you 0.00001 bitcoin that its not a proof)
thanks