It's been about 4 days since we all stopped getting our payouts from Genesis Mining. I did a little research and found some good news. Also, tested out a new competitor to the Cloud Mining arena.
Enjoy!
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Thanks for that @trevonjb I saw the Genesis twitter state that they will be coming back online soon and catching up with payments... we shall see.
ps, thanks for that bump @trevonjb I will do the same.
yes ... they will back soon ... they must ... they need to passing on segwit2x implementation storm
after that im sure they will be back
better for sure
my point exactly. I got the last one on july 22. Interesting.
Probable cause in EU we are 6 hours further in time :P
Thanks @trevonjb for updating us with genesis payout issues, was a big relief.
i have hasing 24 as well but they are expensive 1k you get 7.5th on genesis mining and hasing 24 only 5th huge different 2.5th
the good thing about hasing 24 when you buy using a credit card the next day you can earn the profit, not like genesis mining after 1 month
Dude your own vote is worth 19$? How much SP do you have xD
he is master of steemit invest your money like him then your can be like him as well as role model as i have hope steemit will topple facebook in 5 year time lets pray :)
im trying! got some SP aswell :)
cool
Your posts are always remarkable 💪
They are experencing a techincal problem i doubt they are a scam company due to the fact that there is still a line of communication open most scammers would be gone.
Wooow it's a scary news trevon i have a contract there :(. I watched the video now i'm better jajaja.
Same here nothing since 20th July - They have been replying to peples posts on Their Facebook page and posted this yesterday... still doesnt bode well, but im keeping the faith
Dear customers,
In the last couple days we’ve experienced technical difficulties with our website. As a result some user balances and other stats in the user dashboard were not shown correctly and we're happy to announce that these issues are now solved and the front-end is running smoothly again.
Due to the system outage we unfortunately couldn’t process the last days payouts, however the mining operation itself was not influenced by this and all missing mining profits will be accumulated and paid out in full within the next few mining days.
If you have questions you can reach our customer service via https://www.genesis-mining.com/customer-service … or https://genesismining.freshdesk.com
We apologize for any inconvenience and thank you for your understanding. - Your Genesis Mining Team
I think genesis needs to do something about this!
Bc my boy @trevonjb will tell everyone where you at!
Marco Streng =sexy beast
Dang dude I know it was starting to bug me and was starting to think it crashed and burned. The last update I had read from them is that my hardward was updated and they should start paying the next day. Then two more days went by. Look forward to getting those daily payouts again!
worries me a lot bro they still not paying yet
Doing bitcoin mining contracts despite bitcoin fork coming up soon (AUG 1st)
is very brave trevon.
Mine in your house Buy a rig. With 6 graphics cards.!!!
Especially if your house has solar panels. ++profits
This case the roll of 1000% Lol
Lol yeah
They did just stop paying for a short while. I read that their site got hacked so it's nothing to worry about before. I am certain going ahead that their system will be more stable.
Thanks so much for the comparison between the two services. It helps a lot in deciding which service to use for cloud mining.
I like hashing 24.
It's interesting... they say payouts will start again and be 2 per day for a while.. that was on the 26th and so far i'm not getting any payouts..? But I'm staying calm & optimistic. GM is dependable and legitimate as far as I'm concerned, until proven otherwise. That's too bad that a hacker got access, I hope their bottom line isn't too impacted. We'll see what happens!
I think I heard they just released the withdrawals just now.
You should go check now.
and hasing 24 never had a problem with payout :) yet let see and now im trying AVLON Life lets see what will happen let compare between all the cloud mining and my bitclubnetwork waiting list 1 month
I still have faith in them, I know they will payout.
great information @trevonjb I noticed that you gained a lot of information when you started to quit your 9-5, I didn't watched you for a while since then, however, recently I am looking into your videos... really great information I always found...upvoted!
Hashing 24 Terms and Conditions clearly state that they will charge a daily maintenance fee AND if there is not enough BTC in your account the contract is cancelled. So if you do not mine enough and you are not carrying a BTC balance you could blow your contract. This works in a similar manner to Genesis Mining where they can terminate BTC (Forever) contracts when it becomes unprofitable; however, given I monitor the crypto market I know if my GM contract is at risk - with Hashing 24 it is not so clear regarding the maintenance fees (which are unstated).
GM remains clearly my preferred miner; however, I would like it you had the option to hold payouts until there is a reasonable amount in your account. Receiving small amounts is not a problem it is when you withdraw these as a lump it is more expensive to transfer 1000 x 0.001BTC than 1 x 1BTC because the hashing power required is greater on the first. This could seriously dent your profits.
I've asked this a few different places and for some reason cannot get a straight answer from miners, support, anyone. Is there a cap on how long their open ended contracts last? i.e. if your mining continues covering the ever changing maintenance fees, can it go on indefinitely, say for 3+ years?
Am also curious regarding hashing24's maintenance fee amounts.
Hi
Please Upvote my post
Thank you
Lets be honest - the only time cloud mining is really profitable is when you get free hash power via referrals.
It's happened before with Genesis Mining missing daily payments. They addressed the situation their Twitter account, I'm not worried.
Hi Tre, for how long is the Hashing 24 contract??
panic over lol.
All my calculations show that Genesis mining has a very low ROI.
It is much better to invest directly into crypto
lets try AVLON LIFE they are mining in costa rica with solar power and can get profit after 3-4 month they are mining Alt Coin mostly but pay on bitcoin
https://partner.avalon-life.com/?affiliates=AVX92529
Great comparison video. Keep it up.
Another cloud mining scam?
hope not bro keep patient they will fix the problem
This situation is serious, nobody got any payments in a long while. We need to follow up on this to figure out what is the problem.
I bought .7TH hashpower on Hashing24 in late June.
Maintenance fees have increased for me in the past 2 weeks a lot.
Has anybody else see this??
apparently its going to take 48hrs for us to get paid out, whats everyones thoughts?
Thanks for another great video @trevonjb. I'm glad you did a comparison video as I was looking forward to your opinion on Hash 24. As for the late payment, I don't stress, it will be there eventually. Like you said, you saw the facilities with your own eyes, you know it's legit. Keep up the great work.
Man hope genesis fixes that payout issue soon! I would hate that, I would be freaking so bad! As always nice post!
I hope you get your money dude ! If not stop using cloud "mining" sites
Hope is not another cloud mining turn scam..
they will not that big news for bitcoin community if they turn to scam . they will fix the problem just be patient sometimes system need time to fix they have huge customer
Hopefully bro..
why they not paying.. hopefully they will fix that soon
I got scare a lot of rumors circulating its scam thanks for clearing things up
Thank you for the update and informations regarding Genesis Mining.
coming soon... lol the code percentages off are awesome. appreciate the video. @trevonjb
I did not get any payment since 20.07 (germany). but I'm relaxed have trust in genesis. This is what they told me:
Hi just3D,
We have been experiencing some technical difficulties in the past few days. As a result user balances were not shown correctly and the functionality of the website has been reduced, including the login option.
This is representing a bigger challenge than expected, but our IT Team is currently working on solving the issues. This situation has also forced us to hold payouts since the last 20th of July, but they will be released to your wallets or balance as soon as the situation is stabilized. We expect to have everything solved (payouts included) during this week.
We apologize for all this inconvenience, and thank you for your patience and understanding.
Best regards,
Michael
Genesis Mining Customer Service
Best Regards
thanks for the info... for me ... been with Genesis mining since Jan 2016.... there the real deal..... like your Genesis visit video also
It's been since the 21st for me too. When I saw there twitter page I felt more comfortable since they didn't just disappear. They are at least keeping us updated and I'm sure our payments will be here shortly. Thanks Tre!
Wow that is really interesting - thanks for the update Trevon and hope the payments are made out soon. Keep stacking that Steem Power and looking forward to the return of your next Coin Count video!
Hey Brother,
As always I love your content it's so practical! I think we gotta start calling Dr Tre! What do you think?
Also, I just watched your video about making money on steemit and I think I have a great idea, inspired content if you will. Hopefully, when I get my post up You could show me some love and re-steem me.
I'm hopeful they get their issues fixed and start paying asap.
Chris
I am very new to this genesis mining, i was kinda worried when all bad news was rolling around me, thanks for this good explanation bro. :-)