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Genesis Mining has never been transparent, but to be fair calling them a scam or ponzi is probably too strong. They have just never been a good deal and used hype and affiliates to promote their products.
Bitcoin Forum > Alternate cryptocurrencies > Mining (Altcoins) > Genesis Mining Presents: SGMiner-GM - now with Zawawa's GG! [Updated 17/01/2017] [Updated 17/01/2017] Warning : One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer.
Possibile Truffa - Genesis Mining - verifichiamolo insieme (test reale) NO SPAM June 22, 2017, 09:20:03 PM Last edit: November 23, 2017, 10:19:53 AM by OldWildTrader
Genesis Mining continually stop providing payouts, so you don't get your coins transferred to you, and when they restart the amounts don't align with the payout figures provided. Genesis Mining always blame their IT department for the missing transactions and payouts, so therefore the frequency of the issues means that they have a unreliable ...
Original Post July 22 2013: TGB Mining Dashboard 1.0 We’re the team behind The Genesis Block. We just built a Mining Dashboard as a free tool for the bitcoin community and would love your feedback. In short, it helps make a mining investment decision by providing full info on hardware options and providing a monthly payout schedule.
Bitcoin Forum > Alternate cryptocurrencies > Marketplace (Altcoins) > Service Announcements (Altcoins) > Genesis-Mining.com - scrypt hashpower for rent! Warning : One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer.
Genesis mining and others cloud mining are not scammer because they pay their costumer for the time being, so 'scam' is not a proper way to explain this situation, i called them 'pyramid scheme',i think that is the best word to describe it all.
2) Genesis Mining is a very obvious scam, it took 5 minutes for me. They have the same scam style like the Betcoin.ag scam! and state 3 different jurisdictions that would be applicable, while in reality likely none of them is: a) Genesis Mining Ltd., Chinachem Century Tower, 31/F, 178 Gloucester Road, Wanchai, Hong Kong
Bitcoin Forum > Economy > Marketplace > Service Discussion > Genesis Mining vs Hashflare Review - Which is better? Warning : One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer.
Default Design: Like Genesis-Mining Coins : Bitcoin Mining (Sha-256) & Ethereum Mining You set price per Ghash or Mhash and sell it. No need to buy servers and also buying cloud servers and hire many staffs to manage your business. Script manipulate it and handle it like could mining systems.