Genesis-Mining Review

[suchmoon]

That`s why Genesis Mining has Daily payouts 

How exactly does that help?

That increases the chance of impact a hack can have.

I feel even the most reputable cloud-mining companies will just get "hacked" and run with all the money.

Whit the daily payouts in worst-case only one day`s of mining can be lost in case of hacking.

 

A hack is not the same as a "hack". squatz1 is talking about a common excuse used by scammers.

Although to be fair Genesis doesn't need a "hack". The whole thing is like a shitty casino with a 50%+ house edge.

[Zeta0S]

That`s why Genesis Mining has Daily payouts  

How exactly does that help?

That increases the chance of impact a hack can have.

I feel even the most reputable cloud-mining companies will just get "hacked" and run with all the money.

Whit the daily payouts in worst-case only one day`s of mining can be lost in case of hacking.

 

A hack is not the same as a "hack". squatz1 is talking about a common excuse used by scammers.

Although to be fair Genesis doesn't need a "hack". The whole thing is like a shitty casino with a 50%+ house edge.

Sorry but did you not run the gamble websites

[busyjordy]

New post on Allcloudminers where Genesis Mining is compared to Hashflare cloud mining. All cloud mining contracts are compared with costs, payouts and maintenance fees.

Here is a part of the comparison. It says how many days it takes for the payouts to cover the initial cost for the different cloud mining contracts.

Break even days   Genesis Mining   
SHA 256 Ths   541   
...........

I am confusd here, I bought that SHA256 contract to test he site back in June 2016 - today is MArch 2017
I put just $120 in there to test. To date I hjave earned about $160 back and currently I receive around $1 pr day but there has been some hash upgrades to my plan due to referrals, about 3 or 4 times I received some hash power in total but cannot find out how much this added to my current available plan, so I am confused as to why is this not profitable for many people but it is profitable for me. The bonus hash I received is by no means the size of what I paid for, hence I am not making the profit from referral commission or anythig to that tune.

Someone please advise. Thanks.

[suchmoon]

New post on Allcloudminers where Genesis Mining is compared to Hashflare cloud mining. All cloud mining contracts are compared with costs, payouts and maintenance fees.

Here is a part of the comparison. It says how many days it takes for the payouts to cover the initial cost for the different cloud mining contracts.

Break even days   Genesis Mining   
SHA 256 Ths   541   
...........

I am confusd here, I bought that SHA256 contract to test he site back in June 2016 - today is MArch 2017
I put just $120 in there to test. To date I hjave earned about $160 back and currently I receive around $1 pr day but there has been some hash upgrades to my plan due to referrals, about 3 or 4 times I received some hash power in total but cannot find out how much this added to my current available plan, so I am confused as to why is this not profitable for many people but it is profitable for me. The bonus hash I received is by no means the size of what I paid for, hence I am not making the profit from referral commission or anythig to that tune.

Someone please advise. Thanks.

Even if what you're saying is true - Bitcoin price has doubled since June 2016 so you would now have $240 without doing anything if you just bough the ~0.2 BTC back then.

[pixie85]

To date I hjave earned about $160 back and currently I receive around $1 pr day but there has been some hash upgrades to my plan due to referrals, about 3 or 4 times I received some hash power in total but cannot find out how much this added to my current available plan, so I am confused as to why is this not profitable for many people but it is profitable for me.

This is not profitable to people who had no bonus hash from referrals. If you referred someone and he invested it's like getting commission for making someone put more money into their scam.
You don't remember how much you earned by doing it so we can't do the math, but I don't think their contracts are profitable without all those extras. If you count money some users get for advertising them on the forums or referring people it could be a profitable investment.

[Pastonia]

Well it is not about the short term with cloud mining, if anything it is about the long term.
Still being very debatable whether it will actually make profit..

Yeah comparing some numbers to each other would be nice. Although it seems our numbers are quite in line with each other.

If the difficulty rises too fast, you will not get back the original bitcoin investment.

[speaker845]

New post on Allcloudminers where Genesis Mining is compared to Hashflare cloud mining. All cloud mining contracts are compared with costs, payouts and maintenance fees.

Here is a part of the comparison. It says how many days it takes for the payouts to cover the initial cost for the different cloud mining contracts.

Break even days   Genesis Mining   
SHA 256 Ths   541   
...........

I am confusd here, I bought that SHA256 contract to test he site back in June 2016 - today is MArch 2017
I put just $120 in there to test. To date I hjave earned about $160 back and currently I receive around $1 pr day but there has been some hash upgrades to my plan due to referrals, about 3 or 4 times I received some hash power in total but cannot find out how much this added to my current available plan, so I am confused as to why is this not profitable for many people but it is profitable for me. The bonus hash I received is by no means the size of what I paid for, hence I am not making the profit from referral commission or anythig to that tune.

Someone please advise. Thanks.

Same with me, I bought a small contract on January this year just to try and see if I can make profit out of it. For the moment I still been paid around 10K-11K satoshis a day, but it will take almost 2 years for ROI, which I feel won't happen considering the comments from the senior members here. But I also saw in one of the threads that hashnest is profitable and have better support from admin, so I think I will try it out

[senyorito123]

New post on Allcloudminers where Genesis Mining is compared to Hashflare cloud mining. All cloud mining contracts are compared with costs, payouts and maintenance fees.

Here is a part of the comparison. It says how many days it takes for the payouts to cover the initial cost for the different cloud mining contracts.

Break even days   Genesis Mining   
SHA 256 Ths   541   
...........

I am confusd here, I bought that SHA256 contract to test he site back in June 2016 - today is MArch 2017
I put just $120 in there to test. To date I hjave earned about $160 back and currently I receive around $1 pr day but there has been some hash upgrades to my plan due to referrals, about 3 or 4 times I received some hash power in total but cannot find out how much this added to my current available plan, so I am confused as to why is this not profitable for many people but it is profitable for me. The bonus hash I received is by no means the size of what I paid for, hence I am not making the profit from referral commission or anythig to that tune.

Someone please advise. Thanks.

Same with me, I bought a small contract on January this year just to try and see if I can make profit out of it. For the moment I still been paid around 10K-11K satoshis a day, but it will take almost 2 years for ROI, which I feel won't happen considering the comments from the senior members here. But I also saw in one of the threads that hashnest is profitable and have better support from admin, so I think I will try it out

10k satoshi a day? Damn i think thats useless profits yo gain on , How much did you invested at them? Since if this case will continue to accumulate on i think it will not be worthy anymore to still keeping investing at them. AND I would suggest to people that stay away to coudminijg service since surely they will not accumulate some good money in their, They are not truly profitable mate remember that.

[SaShiRaJaVu]

Same with me, I bought a small contract on January this year just to try and see if I can make profit out of it. For the moment I still been paid around 10K-11K satoshis a day, but it will take almost 2 years for ROI, which I feel won't happen considering the comments from the senior members here. But I also saw in one of the threads that hashnest is profitable and have better support from admin, so I think I will try it out

Everything is written in plain English and the experience they encountered while their investment did not yield them profit does mean that it is not worth a try mining bitcoin at this moment ,you could mine other alt coins but mining bitcoin with a cloud miner ,it is really hard to get back your ROI ,you can do better things with the money you invest and if you still want to try it out,it is your choice.

[speaker845]

New post on Allcloudminers where Genesis Mining is compared to Hashflare cloud mining. All cloud mining contracts are compared with costs, payouts and maintenance fees.

Here is a part of the comparison. It says how many days it takes for the payouts to cover the initial cost for the different cloud mining contracts.

Break even days   Genesis Mining   
SHA 256 Ths   541   
...........

I am confusd here, I bought that SHA256 contract to test he site back in June 2016 - today is MArch 2017
I put just $120 in there to test. To date I hjave earned about $160 back and currently I receive around $1 pr day but there has been some hash upgrades to my plan due to referrals, about 3 or 4 times I received some hash power in total but cannot find out how much this added to my current available plan, so I am confused as to why is this not profitable for many people but it is profitable for me. The bonus hash I received is by no means the size of what I paid for, hence I am not making the profit from referral commission or anythig to that tune.

Someone please advise. Thanks.

Same with me, I bought a small contract on January this year just to try and see if I can make profit out of it. For the moment I still been paid around 10K-11K satoshis a day, but it will take almost 2 years for ROI, which I feel won't happen considering the comments from the senior members here. But I also saw in one of the threads that hashnest is profitable and have better support from admin, so I think I will try it out

10k satoshi a day? Damn i think thats useless profits yo gain on , How much did you invested at them? Since if this case will continue to accumulate on i think it will not be worthy anymore to still keeping investing at them. AND I would suggest to people that stay away to coudminijg service since surely they will not accumulate some good money in their, They are not truly profitable mate remember that.

I'm not that rich, I just invested $50 to see if I can make any profit out of it. To be honest I found bitcointalk.org and this thread after I invested, so there's nothing I can do.. But yeah, 10k-11k satoshi each day and since the payout is now must exceed 60K, I will need to wait for 6 days to get the next pay. I was planning to invest the same amount each month but now maybe I just proceed to buy and hold bitcoin instead

[niokobo]

Genesis Mining and hashflare and all these cloud mining sites are bullshit

I know it by looking those videos of people promoting this shit like craig grant or trevon james or other weird idiots

Oh by the way isnt this fat ugly Adam guerbuez behind hashflare, lol, no more needs to be said

[speaker845]

Same with me, I bought a small contract on January this year just to try and see if I can make profit out of it. For the moment I still been paid around 10K-11K satoshis a day, but it will take almost 2 years for ROI, which I feel won't happen considering the comments from the senior members here. But I also saw in one of the threads that hashnest is profitable and have better support from admin, so I think I will try it out

Everything is written in plain English and the experience they encountered while their investment did not yield them profit does mean that it is not worth a try mining bitcoin at this moment ,you could mine other alt coins but mining bitcoin with a cloud miner ,it is really hard to get back your ROI ,you can do better things with the money you invest and if you still want to try it out,it is your choice.

I'm still new and honestly not familiar with other coins. But i do noticed in many threads people using signature campaign and altcoin but I have no clue how to do that haha. Anyway thanks for your suggestion buddy, I will dig deeper on this.

[ultrloa]

Same with me, I bought a small contract on January this year just to try and see if I can make profit out of it. For the moment I still been paid around 10K-11K satoshis a day, but it will take almost 2 years for ROI, which I feel won't happen considering the comments from the senior members here. But I also saw in one of the threads that hashnest is profitable and have better support from admin, so I think I will try it out

Everything is written in plain English and the experience they encountered while their investment did not yield them profit does mean that it is not worth a try mining bitcoin at this moment ,you could mine other alt coins but mining bitcoin with a cloud miner ,it is really hard to get back your ROI ,you can do better things with the money you invest and if you still want to try it out,it is your choice.

I'm still new and honestly not familiar with other coins. But i do noticed in many threads people using signature campaign and altcoin but I have no clue how to do that haha. Anyway thanks for your suggestion buddy, I will dig deeper on this.

You should actually do that so that you will not lose your money for unsure instance and since you are new here well i think its truly better that you will just read for the threads who you like the most whenever it is for investments,altcoins nor gambling so that you can familiarize all the flows of that areas but for now just erase the thoughs about the cloudmining scheme since i can really say that they are not worth to invest on.

[speaker845]

Same with me, I bought a small contract on January this year just to try and see if I can make profit out of it. For the moment I still been paid around 10K-11K satoshis a day, but it will take almost 2 years for ROI, which I feel won't happen considering the comments from the senior members here. But I also saw in one of the threads that hashnest is profitable and have better support from admin, so I think I will try it out

Everything is written in plain English and the experience they encountered while their investment did not yield them profit does mean that it is not worth a try mining bitcoin at this moment ,you could mine other alt coins but mining bitcoin with a cloud miner ,it is really hard to get back your ROI ,you can do better things with the money you invest and if you still want to try it out,it is your choice.

I'm still new and honestly not familiar with other coins. But i do noticed in many threads people using signature campaign and altcoin but I have no clue how to do that haha. Anyway thanks for your suggestion buddy, I will dig deeper on this.

You should actually do that so that you will not lose your money for unsure instance and since you are new here well i think its truly better that you will just read for the threads who you like the most whenever it is for investments,altcoins nor gambling so that you can familiarize all the flows of that areas but for now just erase the thoughs about the cloudmining scheme since i can really say that they are not worth to invest on.

Alright, thanks for the advise buddy 

[peppuzzo01]

Genesis its the better cloud mining now and if u use this code can u have 3% of discount : K4nCAa

[springgers]

Genesis Mining and hashflare and all these cloud mining sites are bullshit

I know it by looking those videos of people promoting this shit like craig grant or trevon james or other weird idiots

Oh by the way isnt this fat ugly Adam guerbuez behind hashflare, lol, no more needs to be said

Why would this fat ugly guy from Canada be involved with running a cloudmining site that is located in Estonia a whole world away?
That doesn't make any sense.

Never mind. Now i see who this idiot is :
http://bitcointalk.org/index.php?topic=924474.0
https://www.reddit.com/r/Bitcoin/comments/2rfnk8/can_someone_explain_to_me_how_this_guy_adam
and the coup de gras!
https://motherboard.vice.com/en_us/article/a-spammer-sued-by-facebook-for-873m-is-seeking-redemption-in-bitcoin

Sued by facebook? WTF! Thought only Winkies could be countersued by them.

[rvbtccom]

I Have just bought 1 TH/s with Genesis Mining and waiting to see how much it makes me. Will let you all know if it's profitable or not.
and now i think BTC price is above $1000 dollars so should make a ROI .
please everyone share his profits to know how much we can earn and the time to restore what we invested.

[Zeta0S]

I Have just bought 1 TH/s with Genesis Mining and waiting to see how much it makes me. Will let you all know if it's profitable or not.
and now i think BTC price is above $1000 dollars so should make a ROI .
please everyone share his profits to know how much we can earn and the time to restore what we invested.

Cool!  I will post a video later on.

[Arcteryx]

So this is the best one to invest in right now?
With litecoin killing it it has made me rethink what I thought about cloudmining before.

[jeffytune]

Genesis Mining and hashflare and all these cloud mining sites are bullshit

I know it by looking those videos of people promoting this shit like craig grant or trevon james or other weird idiots

Oh by the way isnt this fat ugly Adam guerbuez behind hashflare, lol, no more needs to be said

Oh my God, I have just posted a thread after been impressed by one of the guys you named.

I calculated using some mining calculator and it seems very straightforward to breakeven in few months if let say difficulty is raised then it can take 2 or 3 more months to breakeven.

https://bitcointalk.org/index.php?topic=1853892.0