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/What makes you think that investing 4000 dollars in a mining company is worth it? didn't you made a research before deciding to put your money there? because there are lots of complaints that people didn't received payouts from them and problem with the contracts, yet you still trust them your money. Yeah they are legit because they are operating for a very long time but it doesn't mean that there is no chance that they will not turn into scam or will do an exit scam, cryptocurrency mining profitability is not consistent, the cost of maintenance is not cheap and the difficulty of mining is increasing so there might be a time that those legit mining companies might get bankrupt, and they will not be able to pay those who invested on their company.