Genesis Mining is one of the well known company of the Cloud mining market but it is also becoming a huge scam : No one can ROI with the fees they are taking on "lifetime" contracts.
By the way, they are calling it "lifetime contracts" even if it is really misleading for their customers : it will only pay during 2-3 months before they cancel it because the fee is higher than your payout (see below).
If you invest there you will lose your money for sure. Everyday we can see some people complaining on their thread, when Genesis Mining doesn't delete their posts (see below)
This company is scamming people on purpose. They are selling dream ; They are selling hashrate without proving they are mining ; They are selling contracts knowing their customers won't ROI.
This is unacceptable and we have to spread awareness about it. Unfortunately, newbies in the crypto world are investing every day in such a company because it spends a lot of money on advertisment and people aren't enough informed.
I specify : I personaly tested Genesis Mining a lot of time ago. I did ROI the first time (like 2-3 years ago) and didn't the second time (last year) but this scam accusation has another purpose than just complaining about "myself" : I think Genesis Mining is an organized scam and shouldn't be allowed to participate and sell their service on this forum
What about ROI with Genesis Mining ? :
These 2 posts just speak for themself :
I am happy & proud customer of genesis-mining for all I can say.. I purchased 100MH x11 Dash contract @ $500 on March 2017.. and this is my income till date...
To zoom these images please right click and click view image
If anyone want to go for genesis-mining then I completely recommend to go for DASH and ETHERUM Contract. Don't go for bitcoin contracts because those contract will deduct maintenance fees from your payout for the rest of the life. The ROI on bitcoin contracts is huge usually 18 19 months. Go for DASH or ETHEREUM. Dash is currently sold out so go for ETHEREUM before it gets sold out too. Use this code PGJCYz to get a 3% discount and I will get 2.5% bonus hashpower. Its a win win situation for both of us.
Again my code is PGJCYz
If you still think genesis-mining.com is a scam, which I also thought in the beginning, then completely ignore the above comment.. thanks... Namaste from the Country of Himalayan Range, Nepal....the top of the World...
How is your progress now? What is new with you?
I'm customer of Genesis Mining (one year contract). There will never be an ROI! You'll get back about 10% of your invested money.
My bitcoin wallet: 19W7Wp2BMJAudLQSK3DdZiC4nVpjxPBqs4
hahahahaha nc m8
I completely agree with you that their BTC contract is sketchy. I've made a detailed analysis in this post if you're interested.
Everyone wants to make money sitting at home doing nothing. That's the dream about mining bitcoin, too bad these people don't realize they can just buy bitcoin, sit home and wait for the price to go up.
I Agree in 2009 i buy 7 bitcoin and its till in my wallet :) can you upvote and follow me??? :) ill follow back and upvote :)
I am trying their ether mining 1 year contract. I purchased 4 MH power and they payout daily. ROI is more than one year at current rate of ETH payout. If ETH price increases may be ROI will be before one year. I just bought this contract for fun of mining. If genesis mining will not run away with my money I will get back more than 80% of my investment at current rate.
They are selling the x11 2year contract pritty cheap right now
can you upvote and follow me??? :) ill follow back and upvote :)
any arguments?
can you upvote and follow me??? :) ill follow back and upvote :)
can you answer my Q first?
Thanks so much for the post! I just saw an article about it on CNBC so I started looking the company up. Thanks for sharing your experience
https://www.cnbc.com/amp/2017/12/15/genesis-mining-cloud-computing-bitcoin.html