Community post
Genesis Cloud Mining: Scam??
I am just wondering if Genesis Cloud Mining is a scam! It seem more and more like a SCAM to me as time goes by.
I had invest a small sum into Genesis cloud mining. For the first month, everything seem okay and been getting payout daily. However, the payment stop suddenly without any notification or reason (for me on the 22nd Jul). I invested in the Ethereum mining therefore there are no maintenance fees......
I had wrote to their customer service department seeking for clarification. I have yet to hear from them....
Therefore, I am writing this short blog to warn my fellow Steemiters the possibility that Genesis Cloud mining is SCAM!!
Replies (12)
maybe a scam
Its not a scam, its the biggest cloud miner in the world. However, you can't make money out of it anymore. The online bloggers like boxmining and cryptonick talk shit about how profitable it is, but they make good money off of your referrals. With the difficulty increasing daily you'll lose 2-3% of your payout each day and will not get ROI. Better off just buying the coins you like and sit on them -
Please read my story if you suffer from blockfolio addiction too? - https://steemit.com/cryptocurrency/@cryptocoinclub/confessions-of-a-blockfolio-addict
But I have not been getting any payout since Jul 22nd. Therefore, this has nothing to do with ROI. Even if the difficulty had increased, you still will get payout even if it is not daily, right?
Perfectly!
I hope you can still get payouts.
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STOPgood one bro.. lets doing each others daily..
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STOPI wrote all about it in a way to big a blog. i will be blogging weekly how i go with USI tech (been in it about 2 months already) which will be a smaller updates. so far so good but if you'd my post you will see i hold grave concerns. Be careful too I have been told the mining difficulty keeps going up with some of them and they can end up shite
Nice post! I will follow you from now on. +vote
Warning will Robinson!
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