Thanks for making this thread. I was just about to invest in Genesis-Mining (can you believe it was recommended inside of the Bitcoin For Dummies book!), but from what I've been reading online it sounds like you're helping them pay for electricity costs as goodwill.
I think I will just exchange cash for Bitcoin for now. Or earn through affiliates.
I'm happy it saved you some money. Just buying and keeping seems like the best plan. Good luck with your investment.
Genesis-mining has been refusing to payout my DASH and XMR balances for weeks now, all of my balance went to 0 and after numerous tickets and run arounds, It looks like they are simply not going to pay up.
They will probably just tell you the fees are now higher than your payout. Sorry to say so but you shouldn't expect them to pay anything from now :-(
did I just F#$%! my self ??
I'll up date how my money on the mining contract disappears ... .F#$%^&*&^%$
Sorry man. Keep us updated about your losses. At least it will warn others :-/