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Cloud Mining A Scam? $5,000 & $40,000 Invested In 2017 | Genesis Mining Review

October 4, 2019
in Crypto Farmer
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Is cloud mining a scam? Last year my buddy and I bought $40000 and $5000 worth of Genesis Mining BTC & XMR mining contracts. Buy your own Mining Rig …

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Comments 50

  1. Genesis Mining says:
    2 years ago

    Thanks for your feedback Voskcoin.

    Reply
  2. Obi 'the original' one says:
    2 years ago

    ‘Genesis Mining’ is a SCAM
    💀

    ‘TrustPilot Reviews’ shows that the vast majority of their customers have been scammed by them…

    Reply
  3. Bipul Narzary says:
    2 years ago

    Hello can you help me

    Reply
  4. Big Teddy Bear says:
    2 years ago

    Hint: If it has the word GOAT in it…. It sucks ass.

    Reply
  5. Ray Cane says:
    2 years ago

    Anyone know the physical business address for Genesis Mining? IF so, could you type it in response to this query? I sent them almost $11,000 which they have refused to credit toward the hash I wanted to purchase. I gave them the completed transfer info from the sending exchange AND the verification of the transaction by multiple blockchain explorers. After more than 48 hours, no agent had "Claimed my ticket" – ie, been assigned to look into why the purchase was not credited. All I get from their impecunious snot-nosed chat personnel is "please give it a little more time…"

    These types of businesses should not be allowed to hide their physical business addresses. They do it because they are up to no fkn good.

    Reply
  6. The Revengers says:
    2 years ago

    I have some ass hole from overseas somewhere calling me trying to get me to invest in a solar mining contract promising me these huge returns lol.

    Reply
  7. Team Skovhugger says:
    2 years ago

    THAT IS A SCAM 🤬

    Reply
  8. Terry Davis says:
    2 years ago

    Maybe you should start your own cloud mining, there is a real issue of people wanting to mine but its not viable for them due to high electric prices in their country.

    Reply
  9. Andreas Gosch says:
    2 years ago

    https://nuvoo.io/?ref=GENEX397745

    Attention, this reflects my personal opinion of Nuvoo. I have been a customer there since December 2018. The point where I have my investment back is not yet reached and I think will never be reached! The first month runs fine, but then the excuses start. If about the agreed amount of payout is reached, but the sum of bitcoins does not come. In May, they were 10 days off due to server relocation. Currently, they're cutting revenue on older customers because they've forgotten to calculate the difficulty level. Or put in a maintenance day on your costs. That although in the contract one concludes with them contrary.

    How to do or fight back?

    On top of that, the contracts they offer are overpriced.

    If that does not deter you and wants to invest there, may you like to use my link.

    But beware, with increasing global hashrates, the level of difficulty increases, the yield per terahash decreases at constant energy costs. So long-term or lifelong contracts quickly become unattractive. This is the next halving in May 2020 into the house.

    Do not say later, I would not have warned you, no one has money to give away for free!

    Reply
  10. Crypto News says:
    2 years ago

    Genesis-Mining isn't a scam company, but you won't ever get ROI with them on any contract. I'm now on BTC mining (-90% ROI within last 8 months) and DASH mining (on small contract, but still, will check the results a few months later).

    Reply
  11. arafat Bangladesh says:
    2 years ago

    So there is no way i can win some bitcoin or crypto?

    Reply
  12. Joel Marshall says:
    2 years ago

    Saw this chick on ig saying she made a killin on a platform. I asked her how then she sent me the platform she uses to make more bitcoin. I'm glad I did my research and listened to this video. You just can't trust folks these days. Saddening.

    Reply
  13. Joel Marshall says:
    2 years ago

    That's messed up.

    Reply
  14. Daniel Madrigho Nduhura says:
    2 years ago

    Hi! Thanks for being honest! Can you please tell me of the safest way to mine Bitcoin please! I mean where I can my smaller packages. Thank you Man

    Reply
  15. The Spaniel Inquisition says:
    2 years ago

    Thanks man you just saved me a lot of trouble

    Reply
  16. Cring Packer says:
    2 years ago

    I like the information presented here.

    Reply
  17. Mehdi Khaghani says:
    2 years ago

    ok I totally agree that they don't pay enough and … , but here in Europe there is a big problem we can't find a miner if u want to buy from Antminer Europe u have to pay nearly double 2500 euro for s17 and of course its sold out , Alibaba china really hard to trust . any suggestion ??

    Reply
  18. SamTel Voip says:
    2 years ago

    See this its new and have fast Roii 1 Month

    https://innovamine.io/id/211320

    Reply
  19. Episkeys says:
    2 years ago

    https://digitalmining.club/register?ref=Episkey

    Reply
  20. Ionut Anghelache says:
    2 years ago

    Get 3% discount of Genesis Mining with this code 9sFBvY. Also I've invested at the beginning of the year 5000$ and right now all my money i got them back. On top of that what is left over i managed to add 100th extra. So now I'm on at least 300% =+ plus. So i guess mostly depend on the time you invest and when not so many buying. For example now the difficulty increased due to the spike in btc price so many start mmining as a result the output is llower however I'm more than happy without bothering if my equipment are down , electrical problem etc

    Reply
  21. treetoplake says:
    2 years ago

    I was recently contacted by Genesis Mining VIP support department.

    They were ‘embarrassed’ about the way they handled my case. Haha they even tried to get me to reinvest! Having canceled my so called infinite contracts. Avoid them like the plague!

    You have been warned! Thanks for posting .. lol your vid brings it all back 🙂

    Reply
  22. Oliver Diaz says:
    2 years ago

    btc is 11,000 usd at the moment .. its a long term investment .. not a daily investment ..

    Reply
  23. developer phd says:
    2 years ago

    https://www.youtube.com/watch?v=5ZgC9uRiETc

    dogejob cloud ming – fresh baked dogecoin earn often and often.

    Reply
  24. Titus Virilius says:
    2 years ago

    Has anyone ever heard of http://www.bitxminer.com ?

    Reply
  25. Jamil Khan says:
    2 years ago

    so true, i hope everyone pays attention, great content very informative

    Reply
  26. VivaSicilia68 says:
    2 years ago

    Nice vid Vosk! So to make a long story short, do your own mining rather than supporting a cloud mining service i.e. Genesis, Hashflare, etc….

    Reply
  27. Danny Haare says:
    2 years ago

    Some still work and will give profits for a while, check out https://innovamine.io/id/92 instant withdraws and invests, if should try them, you can only spend 25-30 usd and see for yourself, use coupon SUPERHASH_2 for 6% bonus on hashrate

    Reply
  28. Adonis Action says:
    2 years ago

    Hey I just used your code for Genesis Mining. I looked you up for you code I've been watching your video back when you only had 4,000 subs. Here is my Bitcoin address: 14XFEP6XBnok6qvBiM7aMD31Jh5sjvovFA

    Reply
  29. Real Stuffs says:
    2 years ago

    Cloud Mining is the best because you don’t send your bitcoin to anyone. So you can never be scammed In Cloud mining.
    My Cloud Miner is the best Mr Shaw Brandon reach him at cryptoshawbrandon@gmail. com

    Reply
  30. Harley Me says:
    2 years ago

    not really.. but your basically paying $100 for them to mine you $101 worth of coin lol…
    so no,, some arent scams… they're just routing on people investing 100's of thousands to collect more interest then you get mining

    pfft lol.

    Reply
  31. Ed Ca says:
    2 years ago

    these F Companies change the contracts as they please change the F rules and rates so DO NOT BUY any BS CONTRACTS with them any of them … you are better off buying the coins and or trade them …

    Reply
  32. J o n a t h a n says:
    2 years ago

    i invested in hashflare and lost 1000 don't invest in cloud mining websites. .

    Reply
  33. PTS says:
    2 years ago

    You lost in every way…and now you have to pay taxes on it too.

    Reply
  34. JASON M says:
    2 years ago

    It not a scam.but maybe more of a gamble In the end.

    Reply
  35. Josh Gebhard says:
    2 years ago

    Always love your advice, but I've already got my apartment's electricity use tapped out with gpus and asics. Just signed up for a small Dash contract on genesis with your code. Seems legit for a very small passive income. Know I won't get rich off it. Hopefully you get a little cut. Cheers!

    Reply
  36. Dave W says:
    2 years ago

    https://www.reddit.com/r/GenesisMining/

    Reply
  37. md sumon says:
    2 years ago

    May I can invest now?

    Reply
  38. Ray Bererdo says:
    2 years ago

    I want to introduce you to my hacker he helps to generate, mining Bitcoin to generate Bitcoin to blockcain, coinbase etc he doesn't disappoint he's trustworthy contact him on whatsapp +18456059024 or hackeryunochang405 @gmail

    Reply
  39. Idk Mike says:
    2 years ago

    It probably is junk to begin with, but for us in Hawaii BTC is pretty much impossible to obtain. Cloud mining is the only way to get any at all. Besides localbitcoins their is no way to buy btc here anyone got a alternative?

    Reply
  40. Ally Wilke says:
    2 years ago

    Hashflare for sure is a scam.I was gullable.

    Reply
  41. Huntz Kushe says:
    2 years ago

    There's this one besite where you can invest $540 million and return $54 million.

    Reply
  42. William Miller says:
    2 years ago

    I have investments in hashflare. I can tell that it is not scam! Cloud mining is good source of passive income but not millions of dollars. I think it was possible get $40000 investing $5000.

    Reply
  43. DoRX Mitai87 says:
    2 years ago

    Even hashflare is not profit-making now I trust them. I keep my contract and wait for problems solving.

    Reply
  44. Elise Anderson says:
    2 years ago

    Genesis Mining is definitely not a scam. So many people are mining with GM and have their profits rise from day to day. I’m mining with GM for a long time and never have I ever felt like I am scammed. They were very open about mining market crisis and offered a solution. I upgraded my contract and until now it seems to be a smart move. So we all can only hope mining market will recover and our profits will rise.

    Reply
  45. Dan 167 says:
    2 years ago

    of course it's nothing but scam. Want my money back:(((

    Reply
  46. Greg Bill says:
    2 years ago

    We all need to know that Genesis Mining is not responsible for the money losts we all survived, the market got really bad, it turned and that made us loos money. I am very satisfied with Genesis Mining, with the contract that I chose. It's 2 year one and for now I have returned the money I lost when the market crashed. Cripto is the future people!

    Reply
  47. George Gaskin says:
    2 years ago

    Thanks was looking at bitdeer 500$ for 50 th for year wow great deal right,,NO after you add up the maintenance fees,make like few hundred bucks if lucky .

    Reply
  48. Samuel Galvez says:
    2 years ago

    Dude, you bought the mining contract not the coin. At the end of the day, its all just gambling. Hold on to those coins until the next bull run.

    Reply
  49. Lubo Kovar says:
    2 years ago

    best mining platform: https://minergate.com/a/260ad5815f60205a0cbad845

    Reply
  50. Hanna Adla says:
    2 years ago

    So I wouldn't say Genesis Mining is a scam. Market changes and we have all agreed to that when we invested. I thing they are legit. I haven't had any problems with them till now and they were fair when it comes to my contract.

    Reply

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