Beware of Genesis Mining - Reports are Surfacing about Non-Payments and "HACKED"

in #cryptocurrency7 years ago (edited)

Now they claim they got hacked.  Just like Mt.Gox got hacked when they ran away with all those bitcoins.  

Imagine something like this: 

"Here is a letter from our lawyer.

We got "HACKED"

Sorry.  All your money is gone.

K. Thanks. Bye"

LULZZZZZZZZZ

In their blog today they said:

On the night of Friday July 21st, we detected an unauthorized intrusion by an attacker. This attacker gained access to a hot wallet and was able to transfer funds which we will reimburse in full. 


I'd like to direct your attention to a bitcointalk thread started in 2015 where they predict that this will happen.

 This company is scamming people on purpose : they are selling contracts knowing their customers won't get any return on their investment : That's fraud. 

Go to the end of the thread and see what people are saying now . . . go ahead, I'll wait.

And this article posted yesterday

 There is no guarantee for daily earnings if problems like these arise. Users are often better off buying cryptocurrency rather than using cloud meaning. 

Seriously, what more information do you need to stay the hell away from this farce?  Spamming referral links should already be a HUGE red flag.  

If you are new to crypto, stay away from Genesis Mining and ALL other cloud mining "operations"

If you are shilling Genesis all over the web, shame on you.


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Hope for the best but this is very bad news for cloud miners and a chance for new cloud miners companies to cover that trust gap

Yeah, GM is super sketchy in my opinion. I am also suspicious of those that are affiliates. So much going on in the crypto today. @shawnfishbit, did you hear of the BTC-e investigation of money laundering?? If not, here's a quick write up:

https://steemit.com/bitcoin/@etheraveum/bitcoin-exchange-involved-in-4-billion-dollar-laundering-scheme

Great post, Thx for sharing! I will resteeem

Thanks a bunch! I did hear about BCT-e. Crazy times. But in crypto, anything, sadly, is possible.

@shawnfishbit , I'm generally a positive guy but this is getting crazy. Aug 1st can't come any sooner (hopefully everything simmers down). So, I just heard of the Veritaseum hack, this is seriously the wild wild west.

https://www.ethnews.com/reggie-middleton-on-the-veritaseum-hack

Did you hear about this?

What is suspicious about people that use the platform also using their code to get 3% free hashpower/btc? Its a great incentive to spread the word. I have been testing GM since last year and they have not missed a single payout. Even when they are late for a week i always get my crypto. Not a scam, they just got hacked:)

@criag-grant might be the anonymous owner and scammer behind genesis mining. He scammed thousands of people in to buying that crap. Now suddenly right before they stop paying people he is "taking a million dollar loan on bitconnect" and saying BCC is eating genesis mining. So happy I never listened to that retarded winne the pooh looking motherfucker. I bet that mine @trevonjb saw was just some whale Craig paid to pretend he was the backend for GENESIS to get many people to buy before he exit scammed.

I am not a fan of mining Cryptos. I think buying what you like instead of mining is just fine. I was also getting a little tired with all the people saying please use my discount link to sign up for Genesis...........that is just my .04 worth.

Cloud mining all the way for me. These are the sites I use!
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MinerClub - https://goo.gl/Lfok5X - 15 Kh/s
Nano - https://goo.gl/ZgcrQe - 15 Khs
Elite - https://goo.gl/72rxWA - 5000 DogeCoin to start investing.
Demix - https://goo.gl/pcpMve - 5 Gh/s
DogeMine - https://goo.gl/syBPcZ - 20 Kh/s
I do not recommend you invest $$$ except in Eobot, more your time,
in and internally generated Gigahashes
Then cash out when you like the day returns!
Then send it over to Eobot to boost my account their.
Please use the links so i can gain a small amount of Gh/s for your referral.
Happy Mining.

Great post it´s allways good to know about this things! Im following you ! Resteeming this to my followers. Hope it helps a little.

Thanks! It really gets under my skin sometimes. I've been telling people to leave Genesis alone for some time now. It's too bad a lot of people with large social media followings use these cloud based mining "operations" and referrals to make money. Especially since now, the truth is coming out.

I was about to sign up on Genesis a few days ago. Glad I didn't. Out of all the cloud mining services that I've seen on google and other forums, Genesis was the one that I always believed to be somewhat believable. Now i'm a little shaky on them

Yea. It isn't looking good for them at all. At some point, this was bound to happen.

Yeah, however I am not surprised. Those guys have done so much advertising with youtubers: this is the same schema, they make the same tour of the mine and after the youtuber sends its affiliate link... Great post, thank you for sharing.
NiceHash smells a lot too, same advertisement schema, stealing of BTC ... stay away from that.

Ill take a watch and wait stance . Yes . I am a client .

Just be careful . Easy money on the internet is usually a scam . I lost a few with irobot in telegram . Just buy cryptos at low price in a well-known-trusted site (kraken,poloniex,bittrex,bitfinex) and hold them or trade them .

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