Quote from: FrankNorway on December 16, 2017, 06:48:05 PM

Quote from: npredtorch on December 16, 2017, 02:48:00 AM

Good for you. Well, are you still going to invest on the "real' genesis mining?
I guess you better read their ann thread first https://bitcointalk.org/index.php?topic=602022.4900 in order to have a wide understanding on the things that happened/happening on GM.
This one too https://bitcointalk.org/index.php?topic=2511618.0 . Good luck!

Hi

No, I will wait and see if this is a ponzi scam or not first.
Thanks for the treads on the site and good help.

Frank

Genesis is probably not a ponzi scheme but i doubt that they are backed with 100% hashing power anyways. Also even if they were doing what i call "full reserve mining", their track record of producing profits is just not very good. I'm pretty sure though that their mining farm/operation has been confirmed by some guy on youtube that visited it, though i don't know if that many miners backs up the whole amount of contracts.

Many people get their mining contracts terminated before they even make a ROI.

So yeah, do your own diligence as always. And of course, avoid the obvious phishing sites like the site you got in OP.