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RE: Genesis-mining - Crypto mining payout halts [Updates]

in #cryptocurrency7 years ago

5 days I am not getting any payouts. Support says they are having difficulty getting back on track. Timing is very suspicious, right before the August 1st fork. Problem didn't start until it was apparent the Bitcoin Cash was going to do its own thing and fork. Maybe they are slow walking the payouts so their customers' BTC are sitting in GM accounts when the fork occurs?? It does not mean much to a small miner like me but if they have 500K customers and they hold enough payouts until after August 1st, they could rake in millions by claiming all that Bitcoin cash and then dumping it.

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@clint-ftz
GM has been in business for a while. However, after this instance I am not considering to invest in mining any more as it's very long commitment to a company, also it's more safe to buy crypto directly from exchange. what do you think?

By the way, how do you manage your steem or steemD? I am not aware of any hard wallet that currently support Steem or SteemDollar. Are you putting all your eggs in Steemit online wallet?

I have the majority of my crypto portfolio spread across 26 different coins/tokens. One BTC contract with GM but I have four physical miners coming September/October for LTC. So I just added some mining as another stream of income, maybe 20%. The rest in coins of which 80% are hold and 20% short term trading. For STEEM I am full-powered up for the highest potential.

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