Quote from: timerland on April 16, 2018, 11:40:34 PM

Quote from: helovescrypto on April 15, 2018, 09:16:36 PM

I spent almost 4000 US dollars on genesis mining Monero contract (5000 H/s). Since Dec 2017 when my contract began, I received a total of only 1.2 XMR. They have missed 52 days of payouts! You can find so many complaints on twitter and other social media. Thinking of what I can do to protect myself and other people. Any suggestions to my situation?
Be aware! Do not fall into scam, folks!

Discussion on filing law suit and other measures in reddit:
https://www.reddit.com/r/GenesisMining/comments/8bwl8b/its_probably_time_to_start_organising_a_lawyer_to/

Sometimes this makes you really wonder if they have liquidity problems and aren't able to pay out customer profits as a result.

Seems very plausible to me, otherwise they wouldn't have so many cases of people not receiving their payouts for weeks or even months on end. That's completely unacceptable.

Genesis Mining is a no go for me for sure. It has never been of interest to me because of the fact that their affiliate marketing scheme essentially means that people are encouraged to give biased reviews about how profitable their investments are. In reality, you'll be lucky to even break even in a crypto bull market. On top of that, you need to deal with payout issues, when you don't have a high chance of getting your initial investment back in the first place. Definitely avoid.

I don't think you have a choice, really. You just have to be patient until they finally respond to you.

Actually people should have stopped investing in these schemes long ago the problem with this world is they never learn from the past or their mistakes.
First everyone cursed hashocean and whole idea of cloud mining calling it a scam and finally adopting to genesis mining just to make few bucks in 2 years

I personally was going to buy the same monero contract but instead bought 2 xmr for only 0.02 well today just after 6 months the value has increased by 2.5 times. There are many opportunities around which are better than cloud mining but people nowadays are too dumb to realise it