Quote from: Wintermute on March 01, 2016, 01:31:13 PM

Quote from: bitcoinpete on February 29, 2016, 10:22:30 AM

Havent received any payours for sha256 for a couple weeks now looks like a huge scam!

The sha contracts produce a number of Bitcoin per day and some of it is used to pay for electricity. Due to the huge increase of difficulty in the last couple of months the Bitcoin payouts are not enough to pay for the electricity.

https://bitcoinwisdom.com/bitcoin/difficulty

I assume your contract is not paying anymore because payouts are lower than electricity cost ("maintenance fee").

Looks like Genesis mining is making some nice profits for themselves, shitty PR job with the bad contracts they sold. I lost quite a bit with my sha256 and my referrals did as well, sent quite a few emails trying to get a refund or bettter deal for a new contract with no luck. Genesis mining is a joke I hope they all go bust soon.