Quote from: plost24 on August 27, 2015, 09:03:04 AM

Quote from: KC6TTR on August 27, 2015, 01:53:58 AM

It has now basically been a year and I am STILL trying to figure out GM's true business model. Let's see... I give them US$1750 for 100MH in early Sept. 2014... within 60 days, they drop the payout by over 70%, which did not map out to the rest of the industry... within another 40 days, they give us scrypt customers a choice... convert to SHA mining or risk having our [LIFETIME] contracts terminated. The icing on the cake is they insult us scrypt customers by only offering us 1GH per 1MH, which everyone knows should be at the very least 20GH per 1MH (circa Sept/Oct 2014). What does this equate to? Again, after (1) year of them playing with my $$ and systematically reducing their payouts to their early adopters, they have paid me back less than $330 of the $1750 I invested with them. Specifically, their daily payouts to me are less than US$0.07 per day at this stage so it can be concluded I will never reach anything near a ROI within my lifetime.

This industry is already full of enough scammers and GM's actions do nothing to promote them as a viable and HONEST service provider. Sooner or later, their unsustainable practices will be their undoing.

=================
Looks like another major (over 40%) reduction in payouts for August 2015 is on track (see below). Coincidence or intentional? You decide...

Scott-

that really help they reduce the payout very much Shocked

so i belive they will do it again next month Sad

i think that GM is going down :/

Its the maintenance fee, same thing happening with Hashnest too, payouts go down because the maintenance fee eats more of your daily payout. As long as Bitcoin doesnt go way too low, payouts will still continue.

Why do you think S2 and UMISOO have negative payouts for many days now, because of the daily fee being more than the payout.