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DID GENESIS MINING STOP PAYING?!?!?! by trevonjb

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· @trevonjb ·
$88.30
DID GENESIS MINING STOP PAYING?!?!?!
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!

https://www.youtube.com/watch?v=nnQ6kiuGvmk

<center> Use my code " TAFzNt " to get 3% off of genesis mining and I will use your code live in one of my live streams
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vote details (405)
@adanjr ·
I got scare a lot of rumors circulating its scam thanks for clearing things up
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@admyrer ·
Much TY . I wasn't worried but I was starting to notice something nort right .
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@allgirls ·
awesome post
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@avva ·
Hashing24 is looking like a good add to the portfolio, investing around $500 is calculating to return about 8% per month. I invested with Genesis (with your code, of course [my referral: 0cLuSr]), but I wouldn't be able to figure that estimated return out easily on Genesis.. Probably why I haven't upgraded much.. I like to get estimates to work with and make decision based on that and then adjust.  I email them a lot trying to figure out my earning stats, what to expect if I upgrade to certain amounts etc. (all very time consuming).  Generally, I have no idea of any of that kind of info on the Genesis website.  I think the extra charge at Hashing24 for the Admin. of the site is kinda worth it, if you're like me and need to 'know' what's going on easily and quickly.  Of course, Bitconnect is still a better return, but this is good diversification, if you need it.

![Screen Shot 2017-07-26 at 4.16.43 AM.png](https://steemitimages.com/DQmPk5bzYHLbPNYZK1JVEGa6oc4VcbZ8GgekRpp7fJK5Rnn/Screen%20Shot%202017-07-26%20at%204.16.43%20AM.png)
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@bitcoinflood ·
$0.83
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!
👍  , ,
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vote details (3)
@bloomberg215 ·
Thank you for the update and informations regarding Genesis Mining.
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@bolivar2906 ·
imaginate yo que estaba en esa pero bueno a seguir intentando en otras
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@bootyp ·
Hope they dont turn out to be a Scam
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@brandonh ·
Genesis Mining has been less than transparent.    I don't think it's a scam, but the lack of customer service is disturbing to me.   I can no longer support them on a fundamental level.  I have worked in tech for years, and if I were a CTO and my employees act in such a matter, I would cut heads.  I'm not going to even begrudge them for their technical issues as that's pretty much unavoidable.  But they can control how transparent they are.

I talk about my decision to leave Genesis Mining here:

https://steemit.com/genesismining/@brandonh/i-am-done-with-genesis-mining
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@byteguru ·
thanks for the info...  for me ... been with Genesis mining since Jan 2016.... there the real deal..... like your Genesis visit video also
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@cerebralace ·
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!
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@cikxaijen ·
I heard the issue was resolve right?
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@coindevil ·
Got my missing payouts today \o/ and just before the fork also which is good  :)
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@cryptopal ·
Thanks for the in-depth comparison of the two cloud mining sites @trevonjb but I guess you are leaning more towards Hashing 24. In terms of reliability, I suppose Genesis Mining scores a bit higher as they have been around longer - of course apart from the current delays in payouts.
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@crystalpacheco30 ·
Man hope genesis fixes that payout issue soon! I would hate that, I would be freaking so bad! As always nice post!
👍  
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vote details (1)
@d-pend ·
$0.47
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!
👍  
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@danielmayeda ·
Thank you for your great videos, i was actually turned onto this site by watching a few of your youtube videos that explained a little on how this place worked. Im still working on figuring it all out, an im sure i will be for a while, but i've been looking for a way to get into cryto-currencies an i think this may just be my shot. Keep up your great work!
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@daut44 ·
Hey Trevon,

Thanks for the video, have been looking into buying a significant amount of hash power this past week and only knew about genesis. Have two questions regarding hashing24:
1. How long does the contract last for? Genesis BTC contracts are open ended.
2. What are their maintenance fees?

Just want to get an idea of break even point assuming current market conditions and some slight increase in hash power relative to price over the mining period.

And actually as a followup since I have asked genesis-mining support many times and keep getting the run around, is there a cap on how long their open ended bitcoin contracts can go? I keep asking them if the contract stays profitable and continues covering their maintenance fees if it will just keep going indefinitely and cannot get a straight answer.

Thanks man, love the work as always.
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@desiluvr ·
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
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@diddywheldon ·
Cheers Trevon, will stick with the cheaper option for now
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@dim753 · (edited)
$0.91
Wooow it's a scary news trevon i have a contract there :(. I watched the video now i'm better jajaja.
👍  , ,
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vote details (3)
@eggtank ·
no payouts from them to me since 21st July..  hoping its not the last we hear of them.
properties (22)
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@elfrances185 ·
$0.80
Mine in your house Buy a rig. With 6 graphics cards.!!!
👍  ,
properties (23)
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vote details (2)
@hellojohnnymac ·
Lol yeah
properties (22)
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@supremenyc ·
$0.49
Especially if your house has solar panels. ++profits
👍  , ,
properties (23)
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vote details (3)
@elfrances185 ·
This case the roll of 1000% Lol
properties (22)
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@enjgold ·
just bought my first bitconnect coins look out for me I signed up under your code 
ENJGOLD 1st loan $390 was $420 don't know what happened. Reinvest every 3 days
properties (22)
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@evanrvoss ·
$0.84
![](https://steemitimages.com/DQmaYi2w3VL4hm4NT9RzMJntWFEwndYhGFkyNqnjMHRLTQG/image.png)

I think genesis needs to do something about this!
👍  
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vote details (1)
@evanrvoss ·
$0.86
Bc my boy @trevonjb will tell everyone where you at!
👍  
properties (23)
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vote details (1)
@snakeplisken ·
Marco Streng =sexy beast
👍  
properties (23)
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vote details (1)
@freshmark ·
apparently its going to take 48hrs for us to get paid out, whats everyones thoughts?
👍  
properties (23)
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vote details (1)
@godspromise ·
What is Genesis and how does it work?
properties (22)
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@gre3n · (edited)
They stopped paying me 4 days ago, now that your post notified me. What happened????? Did they give notice as to why?

OK after watching the video, ill assume they will pay soon. Sht happens. Hope they get things together soon!!
properties (22)
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@grizzman ·
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!
properties (22)
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@hiroyamagishi ·
$0.26
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!
👍  
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vote details (1)
@hms818 ·
$1.32
Thanks @trevonjb for updating us with genesis payout issues, was a big relief.
👍  , , ,
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vote details (4)
@inus12345 ·
All my calculations show that Genesis mining has a very low ROI.
👍  
properties (23)
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vote details (1)
@inus12345 ·
It is much better to invest directly into crypto
👍  
properties (23)
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vote details (1)
@jakebuensalida ·
Hope is not another cloud mining turn scam..
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@sa2ideas ·
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
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@jakebuensalida ·
Hopefully bro..
properties (22)
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@jrobi ·
I've been on the fence about starting with Genesis.  Some people swear by it.  Some say it's better just to buy the coins.  So that's what I've been doing.  I also don't like that they no longer offer Dash mining.
properties (22)
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@just3d ·
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
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@jwiggly ·
coming soon... lol the code percentages off are awesome. appreciate the video. @trevonjb
properties (22)
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@lindo ·
why they not paying.. hopefully they will fix that soon
properties (22)
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@lovemetouchme2 ·
$0.53
I like hashing 24.
👍  
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vote details (1)
@m4gik ·
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.
👍  
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vote details (1)
@matthew23 ·
the moneys coming my dude, chill
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@mrjl ·
$1.38
my point exactly. I got the last one on july 22. Interesting. 
Probable cause in EU we are 6 hours further in time :P
👍  , , ,
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vote details (4)
@mrtip365 ·
$1.26
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.
👍  ,
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vote details (2)
@orangeogre ·
Thx for the vid - will look into this- What about maintenance fees - are there differences?
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@panda12 ·
Trevon James! You should watch this video on genesis mining.  It's funny as fuck and you're mentioned in the video!
https://steemit.com/news/@panda12/genesis-mining-inside-joke
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@pastzam ·
$0.06
Hi Tre, for how long is the Hashing 24 contract??
👍  , , , ,
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@paulygg ·
Great comparison video. Keep it up.
👍  
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@pbitcoin ·
$0.47
I think I  heard they just released the withdrawals just now.

You should go check now.
👍  
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@pml2020 ·
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.
👍  
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@predictable ·
I don't even know what Genesis is
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@rawpride ·
When I sign up for Hash 24 I will use your link. Got a few other things clogging the works up before I can take that on.
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@rockjon ·
$0.55
Thanks so much for the comparison between the two services. It helps a lot in deciding which service to use for cloud mining. 
👍  ,
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vote details (2)
@rouketas ·
I hope you get your money dude ! If not stop using cloud "mining"  sites
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@roy92 ·
$1.28
Dude your own vote is worth 19$? How much SP do you have xD
👍  , ,
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@sa2ideas ·
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 :)
👍  ,
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vote details (2)
@roy92 ·
im trying! got some SP aswell :)
👍  
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vote details (1)
@rtdcs ·
I'm still waiting my payouts!
properties (22)
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@sa2ideas ·
$0.80
worries me a lot bro they still not paying yet
👍  , ,
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vote details (3)
@sa2ideas ·
$1.29
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
👍  , , ,
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vote details (4)
@sa2ideas ·
$1.29
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
👍  , , ,
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vote details (4)
@sa2ideas ·
$0.47
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
👍  ,
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vote details (2)
@sa2ideas ·
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
👍  ,
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vote details (2)
@sagema ·
I'm kind of pissed. Because the split isn't going to happen, everything is safe for now. All these exchange sites, middlemen still don't want to lose a god damn penny in transaction fees. So they are freezing it. All this does is hurt their consumer faith. F them all! They are incompetent!
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@scorpionking ·
Hashflare is also a competitor of Genesis mining and hashing24 and a lot cheaper than hashing24. Please review this company. Overall the reviews on the internet about hashflare is quite good.
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@screenname ·
Re: DID GENESIS MINING STOP PAYING?!?!?!
<p>This post has been ranked within the top 10 most undervalued posts in the first half of Jul 26. We estimate that this post is undervalued by $49.95 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jul-26---part-i">The Daily Tribune: Jul 26 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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@secondstar ·
Do you think that as more of these cloud mining systems become "legitimized" and develop solid trust that we will see competitive rate wars really start to flame up between them?  If so it could end up being a solid opportunity for crypto noobs such as myself just getting into it.
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@sesises ·
$0.14
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.
👍  ,
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vote details (2)
@daut44 ·
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.
👍  
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vote details (1)
@skysunil ·
Hi
Please Upvote my post 
Thank you
👍  
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vote details (1)
@snakeplisken ·
$0.80
Doing bitcoin mining contracts despite bitcoin fork coming up soon (AUG 1st)
is very brave trevon.
👍  ,
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vote details (2)
@snakeplisken ·
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??
👍  
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vote details (1)
@solarguy ·
Did they send out a message?  I didnt get an e-mail from them so I hope this is just a brief hiccup.
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@starplatinum ·
We all just pray everything returns to normal.. ASAP
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@steemcollator ·
Another cloud mining scam?
👍  
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vote details (1)
@sa2ideas ·
$0.08
hope not bro keep patient they will fix the problem
👍  ,
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vote details (2)
@stefen ·
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. :-)
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@streetstyle · (edited)
$2.74
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.
👍  , , , , ,
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vote details (6)
@azisjesika ·
$0.05
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
👍  ,
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vote details (2)
@naturalista ·
https://www.youtube.com/watch?v=62O3clgOA2U
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@supremenyc ·
I was as nervous as Floyd Mayweather in a reading contest when i saw i didnt have any payouts for days...Thanks for the update @trevonjb
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@tfx96 ·
$0.87
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
👍  , ,
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vote details (3)
@theadujames · (edited)
$1.26
Your posts are always  remarkable  💪https://images.gr-assets.com/hostedimages/1390134255ra/8150010.gif
👍  , , , ,
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vote details (5)
@tilikum ·
$0.28
I still have faith in them, I know they will payout.
👍  , , , ,
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vote details (5)
@timbrockley ·
$0.04
panic over lol.
👍  ,
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vote details (2)
@tuanvu ·
$0.09
It's happened before with Genesis Mining missing daily payments. They addressed  the situation their Twitter account, I'm not worried.
👍  , ,
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vote details (3)
@wilkinshui ·
mine stop at Jul 20 as well, guess they will back up normal soon.
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@xalos ·
$0.64
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. 
👍  , ,
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vote details (3)
@xgrosz ·
$0.09
Lets be honest - the only time cloud mining is really profitable is when you get free hash power via referrals.
👍  ,
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vote details (2)
@yayo93eu ·
Oh thats a good one
properties (22)
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@zeth ·
hi sir trevonjb i am 1 of your fans and i'm always watching your livestreem and videos co'z your helping us by updating news about crypto's sir i'm struggling about my upvote can you please upvote my posts thank you so much sir .

https://steemit.com/life/@zeth/omg-millions-of-crabs-passing-in-the-streets
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