Quote from: mrsalve on December 05, 2015, 08:07:25 PM

Quote from: crazyivan on November 17, 2015, 09:43:01 AM

Quote from: TheIZS on November 17, 2015, 12:29:38 AM

Quote from: Indianacoin on November 14, 2015, 10:56:47 AM

Quote from: FrostStick on November 14, 2015, 03:32:06 AM

Wait, so genesis mining isn't 100% confirmed legit either?

Code:

genesis-mining.com 1+2+7 => 3/7 = Probably legit.

1) No public mining address / no user selectable pool.
A cloud mining company that won't let you direct the hashrate to your pool of choosing and can't prove its actually mining bitcoins itself, is very likely a scam. There is no reason to hide mining address or not sign blocks. None!

2) No endorsement from any ASIC vendor.
ASIC vendors will gladly make a simple post to show the company in question is a significant customer of theirs. Its free advertisement for them and it helps their customer grow their business, so there is absolutely no reason they wouldn't. If a (cloud) mining company cant get any ASIC vendor to post such endorsement, you should assume they don't have any hardware to mine with.

7) No exit strategy.
If you can't sell your position, you can't get your money out. That's the ideal case for a ponzi and allows it to run for a long time.

Hope this helps!

They have a close relationship with Spoondoolies. In fact they manage a cloudmining site for Spoondoolies. The mining address is public on their site. Really you need to be careful on the "never had a miss" thread that still lists GAW and AM Hash in the NOT A SCAM section. Come on Puppet 80% is still a good record, but a miss is a miss.

Genesis is legit, there are hundred videos online showing their farms. The problem is they re not profitable.

I have read so much about them so I desided to check out my self. Bought test 0,1 Th. Will see what comes of it.

If you did read about them, you should ve caught the fact they do not provide anything close to ROI. You have wasted your money and you cant even sell your hash and get out. BS service.