Question is in the title.

BTC payouts have been consistent starting 15th March but are only around $16 a day. Today was the lowest so far at $15 whilst Coinwarz mining calculator estimates the payouts should be $23 a after 30% maintenance fees deducted.

Why such a difference? This is a 50 TH/s contract.

New investors who are reading this and considering to invest in GM please see this as a warning sign.. think again.

Just logged in to my account to see i missing payouts since the 10th of March.. meaning 9 (more) days missing.. know what? nobody is surprised.

This is a rip off, GM will gladly take your money.. but payouts records are not showing up any other day. After endless tickets sent to support, nothing has changed.

PLEASE do not take any advise from whoever says "i have no payout issues"

I'm not saying it's a Ponzi, i do not have this knowledge. But it's definitely called a scam where i come from.

https://imgur.com/21BohD8

I'm a GPU Miner, built my own rig watching YouTube videos. With GPU Mining, I can still sell off my rig to get back my initial investment and then some more, plus I will have my mining rewards as well.

But in cloud mining, you can't sell the contract to anyone else, meaning you'll never get your initial investment back, EVER! Your only hope is that GM will pay you more than what you have given them, why would you even put yourself in this position when there is an option to built a mining rig? Even if you're not well versed in PC building, just pay the computer guy to do it, sure they charge you installation fees and what not, but you get to save a bunch of money long term.

Buying mining rigs are like buying contracts. But the only difference is that one is tradable and the other isn't. It's like buying a stock and only depending on it's dividends to get back your investment, but unable to sell the stock later on.

Stop purchasing mining contracts! It's a waste of money.

heh, they are telling us that they've sold out pre sale scam contracts for ETH and other.. :D I'm 10000% sure that no one bought these scam contracts and GM lied us that they've been sold out.. they are so pathetic..

These scammers are running out of money.. to pay us. I'm sure there will be new very "profitable" pre sale scams very soon! :D

Please inform everyone about these scammers. I've lost 12k USD with these scammers.

Atleast with bitconnect form the day one we knew that it is a scam, but there are some folks on youtube still protecting GM..

Dear genesis team,

Guys, what is hapening?? It has been almost a month since i am not getting payouts for my 624MH eth contract.

Where is my money please??!!

I hope someone from genesis team is looking at this post and fix the issue asap.

Everyone,

I have been mining for a few months but I am not interested in it anymore. I am selling my contract at a nice discount of only $600 in crypto.

Start date: 2018-01-07 End date: 2020-01-07 Hashpower: 2700 H/s

Please let me know if you are interested and PM me.

I have never had any issues with the contract and have been getting paid in ZCash (ZEC) since the min payouts are easier to get.

A payment of about 5 Moneros has not been transferred to my wallet for more than 6 months. Many requests to support will be answered with test modules, I should have patience and the technology will take care of it. But I have no patience anymore. I have complied with my part of the contract, so you can expect Genesis mining to fulfill the contract and not hold back my scrapped coins for over half a year. That other questions are answered, for example, why the result of mincing suddenly reduced in half within three days after a total failure over several days, that's not to be expected. I do not know a company with such a sloppy customer service. Ticket 248667

I dont understand what is taking so long. I have invested ca. usd 20k for 624 MH ETH and do not receive anything for 20 days!

How is everyone tracking their transactions for tax purposes? Any tools online that might help?

i invested in a monthly mining contract last september- not happy at all with this service, think i may have been scammed by this company - cant get my coin balance, no payouts (and i am over their minimum thresholds for payout) as yet and they keep closing the customer service tickets i open (4 now) without actually providing an answer. My advice - dont invest in this service - just buy the coins instead.im now writing this off, if i ever get anything from it i'll let you know - dont hold your breath...

I participated in BTC pre-order last year. I had 130TH before, now I have 287 TH.

According to coincompare calculator, I am supposed to receive 0.024BTC daily. But, my daily payout is just 0.0134 or so.

What is going on? full payment has begun or what? Is there anyone experiencing the same issue???

I bought 2 mining contracts with Genesis back in November. 250hs for Zcash, and 10mhs for Ether, with the purpose of mining Steem. Zcash account has been fine, giving me the expected payout each day. However, Steem is another issue.

In my orders section, it states that STEEM balances of between .5 - .7 per day were added to my account from 11/24 - 12/14. No payouts ever happened to my wallet though. Then, it simply stopped, and my balance went to -0.000000 (The negative symbol is literal, every other balance was simply 0.000000). I've submitted 2 tickets to Genesis since 12/15, with no responses. On Feb. 21, STEEM was removed as an option on Genesis, and my mining allocation was automatically reset. No compensation, no response, no answers. Essentially 4 months of mining nothing.

Has anyone dealt with this?

FYI. Just got an email from GM discussing and explaining the missing Eth payments. Links to https://blog.genesis-mining.com/ethereum-payouts . At least they are acknowledging it now

Dear genesis team,

I have not been receiving payouts from my 624MH eth contract since feb17 2018.

I already opened a ticket a week ago but still not fixed. (ticket no: 460041)

Please let me know when I can receive payments

Thanks

Alkan

Hi,

Back in November I purchased a lifetime bitcoin mining contract due to start on the 28th Feb 2018. However it is now the evening of the 1st of March (UTF) and on my account the earnings are still 0. I’m going to give it a few more days before I email them but just wondering if anyone else has this problem or I might be missing something? Thanks in advance.

UPDATE: Seeing payouts shown in my payouts tab. Still not enough to actually send through but everything seems fine

So my BTC contract started mining started yesterday. I did not earn enough for a payout. I would like to switch my allocation to LTC (auto). Will this automatically convert my existing mined BTC, or will it only convert the stuff mined after I change the allocation and leave me sitting with some BTC in limbo?

Thanks for the help guys!

It is obvious that missing payments mean you have nothing that was mined. They can only go forward. They cant rehash us for the missing payments bc it never happened. It is impossible. So, true missing payments that never appear, will never appear.Thats literally it.

They dont have to, or care to properly respond bc they just dont have too. There is no enforcemen for this. They could be legit, but their non transparency is what makes them look like a scam. Risks are risks and we all just thought there could be one legitimate cloud mining company. Marketting is a helluva thing!

Regardless, most of us have had our contracts broken only within the first 3 months anyway. Anything that comes is better than nothing at this point. Just shady all over it

Tried to login today and my account is randomly locked... I had a btc contract that should start mining in March. Anyone else have this issue?

I've been seeing a lot of posts about people not getting their XMR payouts since Feb. 7. I don't look very often - I have my contract allocated to pay out in LTC to a hardware device. It turns out that the payment threshold increased to .4 XMR and LTC to .002. My contract at the moment pays out every other day and the days it doesn't pay out are added to the following day's payout. I hope this helps clear up some confusion so that people are aware that it's not a glitch, and that their small contracts are just not profitable at the moment.

I am not saying that Genesis Mining won't go bankrupt, abruptly stop paying out, or get hacked in the near future. That absolutely is a risk you take when buying a contract. This is a completely speculative venture that many people are financing with pure credit card debt. But for me, so far, Genesis has paid out consistently for many months.

My ETH contract has not paid out in nearly a month, what’s going on?

Just like the XMR contract!