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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 399768 times)
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bathrobehero
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April 06, 2018, 12:29:07 AM
 #4941

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.

Not your keys, not your coins!
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April 09, 2018, 04:25:27 PM
 #4942

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:
https://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
 #4943

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.

Not your keys, not your coins!
netpeak
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April 10, 2018, 09:02:58 AM
 #4944

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
 #4945

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.
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April 14, 2018, 06:04:12 AM
Last edit: April 23, 2018, 10:07:26 PM by Zeta0S
 #4946

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
 #4947

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.
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April 21, 2018, 08:13:07 AM
 #4948

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

cruxio
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April 21, 2018, 03:15:33 PM
 #4949

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
 #4950

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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April 26, 2018, 06:59:31 PM
Last edit: April 26, 2018, 07:11:34 PM by Fofilet
 #4951

forget Genesis mining !!!!

They are thieves !!!


I have 42 days of missing payments for 2 contracts, and impossible to create a ticket since months !

They are working on the problem of the missing payments.... Great, they actually paid me manually... one day !!! On 42 missing days !!!!

--------------------------------------

I don't believe in cloud mining anymore, and I have 5 contracts on 3 different mining sites. Minergate gives half of what we should win, Genesis mining is terrible because of those missing paiements, and Just Mining... is the only one which worth it... but it's barely profitable... It's finally better to trade directly or to mine yourself !

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April 26, 2018, 10:54:01 PM
 #4952

My opinion is just away from this. They are scammers. I have an account in this . Opened the account three months back and received only two payouts from them. Last month I didnt receive any payout from them. So be careful when investing in Genesis mining.
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May 18, 2018, 02:25:11 PM
Last edit: May 18, 2018, 02:50:30 PM by mptak123
 #4953

GM just missed BCH payout to my wallet yesterday (16.05.2018 - payout should be sent on 17.05.18).
Unfortunately "view transcation" option shows an error 404 with such description:

"It seems like we couldn't find what you were looking for neither on
the Bitcoin blockchain, nor on the Bitcoin Cash blockchain, nor on the Ethereum blockchain 😞"

At the moment waiting for reply from VIP service.
Will update you once I know more.

BTW today my payout went through as it should. Yesterday they had some maintenance and this might be the reason.

Exclusive Genesis Mining 3% offer avaiable with this code uQtLeP
Zeta0S
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May 19, 2018, 02:13:18 PM
 #4954

forget Genesis mining !!!!

They are thieves !!!


I have 42 days of missing payments for 2 contracts, and impossible to create a ticket since months !

They are working on the problem of the missing payments.... Great, they actually paid me manually... one day !!! On 42 missing days !!!!

--------------------------------------

I don't believe in cloud mining anymore, and I have 5 contracts on 3 different mining sites. Minergate gives half of what we should win, Genesis mining is terrible because of those missing paiements, and Just Mining... is the only one which worth it... but it's barely profitable... It's finally better to trade directly or to mine yourself !


Can you post screenshots? And what is your hashpowerrrr?

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
mptak123
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May 20, 2018, 07:03:42 PM
 #4955

GM just missed BCH payout to my wallet yesterday (16.05.2018 - payout should be sent on 17.05.18).
Unfortunately "view transcation" option shows an error 404 with such description:

"It seems like we couldn't find what you were looking for neither on
the Bitcoin blockchain, nor on the Bitcoin Cash blockchain, nor on the Ethereum blockchain 😞"

At the moment waiting for reply from VIP service.
Will update you once I know more.

BTW today my payout went through as it should. Yesterday they had some maintenance and this might be the reason.

All good now. Delayed BCH payout went through about an hour ago.

Exclusive Genesis Mining 3% offer avaiable with this code uQtLeP
bathrobehero
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May 20, 2018, 07:39:16 PM
 #4956

Nothing's good with Genesis.

Just got a single XMR payout 3 days ago after 2 months of nothing, even though I had payments every couple of days before. The way they handled the Monero fork is just another public display of scammy behaviour.

Not your keys, not your coins!
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June 16, 2018, 10:31:40 PM
 #4957

Update I just got bij email:

We’re thrilled to announce the relaunch of our Bitcoin Sha256 Cloud Mining Services!



The past months have been very busy, even though we were sold out. We did not rest of course. Instead we focused on:

building new large-scale data centers with a lot of technical improvements and efficiency optimizations based on GM Radiant (See the blog post)

resolving our IT and services request backlogs

working towards a modernized and more efficient service offer

 

After a lot of intense work behind the curtains, it is great to finally step into the spotlight again with our most attractive cloud mining offering to date:


5 year runtime (That’s 60 months  of mining!)

Reduced maintenance fee (Only 0.14 USD per TH/s per day!)

No pre-sale -- mining goes live as soon as you purchase!

Reduced minimum transaction thresholds (Controlled by user!)

Bitcoin Cash (BCH) Mining available natively

No termination by maintenance fees (See the blog post)

This offer is temporarily not available for US customers (See the blog post)


We are able to offer such terms by increasing our efficiency and, in turn, reducing our maintenance costs substantially. We are determined to offer the most competitive and reliable service offering that beats all competitors on the market.

The offer is limited, so grab your hashpower now! And head over to the blog post for more information.


To the MOON!

- Your Genesis Mining Team
-------------------------------

Genesis Mining is happy to offer a discount code to all customers, simply enter discount code MOON at checkout.

- Your Genesis Mining Team

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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June 16, 2018, 10:54:00 PM
Last edit: July 04, 2018, 01:14:40 AM by tmfp
Merited by Icon (10)
 #4958

Quote from: blog
Q. What does continuous Mining mean?
 
A. Your mining services will run for 5 years, period – even in cases where your daily mining output falls below the Maintenance Fees. This way, you will always have the potential to produce cryptocurrencies as market conditions improve.

Excellent innovation, now instead of getting dust payments you will actually be able to pay them every month.

5 years mining... @ $285 and $0.14 fees that's also near as damn it the ROI.
Bargain!!!
/s

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June 17, 2018, 10:22:52 PM
 #4959

The most if you just bought 1th/s to make profit (assuming diff never changes) which it will is ~ $60 after 5 years of mining which you wont get due to diff going up.

So as i said before if you want to spend your btc send it to me, at least 1 of us would feel better Smiley

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June 18, 2018, 08:07:15 PM
 #4960

After 9 months the maintenence fees will be greater than the coin output because of the difficulty   :OL
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