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 Cloud Mining - Cryptocurrencies

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Spectreoutreach
post Jul 21 2017, 10:07 AM

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QUOTE(cofin @ Jul 21 2017, 09:46 AM)
today genesis no payout .....cabut soon isit ?
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they even delay payment more than 24 hours according to email i got in the past in rare case
Spectreoutreach
post Jul 23 2017, 12:05 PM

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QUOTE(raynman @ Jul 23 2017, 11:01 AM)
Relax guys.

I am quite sure Genesis will not scam your money.

I believe they are facing a system problem with dispensing daily payouts.

That's why it is later than usual.

Give them some time to solve the problem.

As of now, I would rank HashNest first, Hashflare second and Genesis third. smile.gif
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Waiting to see if they can break 26 hour delayed payment record
Spectreoutreach
post Jul 23 2017, 02:44 PM

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QUOTE(JimWayne82 @ Jul 23 2017, 12:46 PM)
Very upset with Genesis, emails to them had been non responsive so far and today....whole account blank....i will give them few more days before proceed with chargeback.....

Hashflare on the other hand did a better job. Lol
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Not surprised. I'm sure lotsa new user sending tickets why never received the daily payment yet XD. Are you New to GM?
Spectreoutreach
post Jul 23 2017, 04:12 PM

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QUOTE(kievlueen @ Jul 23 2017, 03:13 PM)
This is our issue too . Fainted
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did someone use your code to purchase hashpower? I just log in . The only thing irrate me is the long google catcha . The rest like my payouts is working perfectly . Delay in payment is expected once in while
Spectreoutreach
post Jul 23 2017, 04:51 PM

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QUOTE(denimblue @ Jul 23 2017, 04:36 PM)
Have any of you received a reply from GM regarding the late 21st July payout?
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Genesis Mining‏Verified account @GenesisMining 59m59 minutes ago
1/2 Notice: Due to high demand and ongoing maintenance we've temporarily disabled purchase orders and payouts will be slightly delayed.

Genesis Mining‏Verified account @GenesisMining 59m59 minutes ago
2/2 Notice: The system will be fully operational again asap! In the meantime, thank you for your understanding and patience!

from their official twitter . As usual the ad hoc thingy
Spectreoutreach
post Jul 23 2017, 04:52 PM

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QUOTE(raynman @ Jul 23 2017, 02:44 PM)
I got the congratulations message on my dashboard too.

And no more daily payouts after 20th July 2017.

What the hell is going on with Genesis?  confused.gif
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should consider adding their twitter and facebook link on the 1st page so can ask them directly if problem arise in future
Spectreoutreach
post Jul 24 2017, 10:50 AM

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QUOTE(denimblue @ Jul 24 2017, 10:41 AM)
Yes, it is the same type of reply I received.
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break record . heading for 48 hours without payment soon cry.gif
Spectreoutreach
post Jul 24 2017, 03:56 PM

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QUOTE(raynman @ Jul 24 2017, 03:30 PM)
Hashflare really has corporate responsibility.

They announced the planned downtime of their website tomorrow and what to expect so that customers are not left in the lurch.

Way to go, Hashflare!  rclxms.gif

user posted image
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Kudos to the teams sometimes I hope GM would do the same thing Even simple tweet can help us from sending the tickets

This post has been edited by Spectreoutreach: Jul 24 2017, 03:57 PM
Spectreoutreach
post Jul 25 2017, 08:00 AM

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QUOTE(Ch3n_low @ Jul 24 2017, 09:34 PM)
Anyone here heard about bitconnect? They will pay you back your capital after 1 year... is it trustworthy?
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that 1 year already red flag. I won't get near it
Spectreoutreach
post Jul 25 2017, 08:01 AM

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open GM ... still not yet payout this morning ...
Spectreoutreach
post Jul 25 2017, 09:48 AM

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QUOTE(denimblue @ Jul 25 2017, 09:46 AM)
I caanot access the GM website.  sad.gif

user posted image
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hopefully they fix it and start delivering the payout
Spectreoutreach
post Jul 25 2017, 07:26 PM

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QUOTE(Chelsea-Fan @ Jul 25 2017, 01:27 PM)
You can check Genesis Mining Ethereum Wallet. Their last pay out transaction was 3 days ago.

https://etherscan.io/address/0xd34da389374c...569aae33fd5a375
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I think have to wait until after 1 August liao
Spectreoutreach
post Jul 26 2017, 09:08 AM

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QUOTE(Blank86 @ Jul 26 2017, 08:27 AM)
Due to high demand and ongoing maintenance we have been experiencing some technical difficulties in the past 2 days. As a result user balances were not shown correctly and the functionality of the website was reduced.

Our IT team has resolved this issue and everything should be in order now. Payouts for missing mining days will be updated within the next 48 hours.

we apologize for this delay.
Thank you for your patience and understanding

Best regards
Genesis Mining Customer Service

was emailed to me yesterday night.
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from their twitter reply need to wait to end of this weekend (US time) shakehead.gif shocking.gif
Spectreoutreach
post Jul 26 2017, 09:24 AM

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Genesis Mining Customers Complain About Lack of Payments

(this might be the reason)

People who are actively mining over at Genesis Mining may have noticed there are some issues. There is no reason to think the company will disappear anytime soon though. The company is struggling with payouts due to them being out of Ether. Additionally, they have not found a network block for several months now. It is evident something is going on, which the company needs to address sooner rather than later.

Multiple Genesis Mining customers are complaining about the lack of payouts lately. That is only normal, especially for the people who use this service to mine Ethereum. Cloud mining is a tough business and a streak of bad luck is hard to overcome. Right now, the company has not mined an Ethereum network block since February of 2017. That is not a positive sign by any means, though. It is unclear how the company plans to address that specific problem in the coming months.

Genesis Mining Users are not too Happy
To make matters worse, it appears their Ethereum wallet is completely empty. The official wallet on Etherscan shows there is a minuscule balance right now. That balance is worth less than US$0. 01 at this time. Several payouts were made in the past few days, though. The last payment was a 1,151 ETH one, which is rather significant. It does appear they moved this funds to a different address which could belong to the company. Assuming that is the case, payouts should resume soon. It is also possible someone empties their ETH wallet, which would be quite horrible.

Genesis Mining customers not satisfied about the way things are going can always ask for a refund. Do keep in mind there is a small surcharge for refunding the contract. Plus, the refund is paid in Bitcoin, rather than Ethereum. A streak of bad luck can happen to any mining operation. Not seeing payments for four days is unusual, but not necessarily troubling either. Mining Ethereum is very competitive right now and Genesis Mining is not finding blocks, that seems to be the gist of the story right now.

All of this shows cloud mining contracts are still a big gamble. There is no guarantee for daily earnings if problems like these arise. Users are often better off buying cryptocurrency rather than using cloud meaning. It will be interesting to see how the company decides to handle these problems. So far, the company has a legitimate reputation and there is no reason to doubt their honest intentions. It is evident cloud mining Ethereum was perhaps not their smartest decision, but things should sort themselves out eventually

http://www.livebitcoinnews.com/genesis-min...-lack-payments/
Spectreoutreach
post Jul 26 2017, 12:20 PM

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Wait till next Monday since majority of my contract are based on sha 256.
Spectreoutreach
post Jul 27 2017, 02:42 AM

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QUOTE(dc_talkz @ Jul 27 2017, 01:51 AM)
http://prntscr.com/g0mkld

http://blog.genesis-mining.com/genesis-mining-service-update

So I think they are one of the victims of the recent ETH hackings.
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On the night of Friday July 21st, we detected an unauthorized intrusion by an attacker. This attacker gained access to a hot wallet and was able to transfer funds which we will reimburse in full. Shortly after the intrusion was detected, our team was able to shut down the attack. We immediately took steps to mitigate the issue, including enhancing our monitoring and detection capabilities, and further hardening our environment. One of those increased security measures was to delay our daily payouts.- in terms of timing, yes it accurate
Spectreoutreach
post Jul 27 2017, 08:46 AM

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QUOTE(mostwanted82 @ Jul 27 2017, 08:21 AM)
GM just added 22 Jul  at my pending payout section.
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can screenshot ?
Spectreoutreach
post Jul 27 2017, 08:48 AM

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QUOTE(Ch3n_low @ Jul 27 2017, 08:09 AM)
Hacked? Sounds like JJPTR
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but with proof .
Spectreoutreach
post Jul 27 2017, 10:34 AM

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QUOTE(blueblueoutofblue @ Jul 27 2017, 09:39 AM)
I see smile.gif this morning I check genesis didn't see any payout since 21st

Was wondering is it the mining not profitable already so not enough to cover the maintenance fee ?

Was thinking of sending tickets lol

Then see you guys post this msg ...

So, anyone already started to get the payout twice daily now ?
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guess we going to find out this weekend
Spectreoutreach
post Jul 27 2017, 12:55 PM

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QUOTE(b0rhui @ Jul 27 2017, 12:20 PM)
Proof? What proof? That the ETH wallet was emptied? Pretty sure JJPTR could demonstrate its emptied bank accounts too
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Bader why spin to JJPTR. This is not about that. Focus on genesis mining please. As far I concerned, GM already release a statement and investors starting received payment. You are free to ask GM yourself for more details

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