Dont forget to read the good part at the end
As im sure as a few other of you have experienced first hand, Genesis mining does not not provide any sort of real return on investment but getting daily payouts can be quite addictive.
First this happened over the course of a couple years
The first time I bought there it was a sha256 bitcoin life time contract which stopped paying out a few days after maintenance fees were to high earn a profit, at the time bitcoin prices where quite low. I did not loose much as I only bought around 100$ worth but keep in mind bitcoin is worth about 4 times today than what it was then. The more tragic side of this was telling a good friend of myne to buy a similar contract on genesis using my referral code he ended up loosing his 1500$ in hashing power as well.
Spent one bitcoin on an ether mining contract thinking that this would be more profitable as an early adopter, Im still receiving miniscule payouts from this one around 0.03 eth every 2 days. Again the first few days I was getting healthy returns and was even considering investing more but then it happened again payouts began dwindling like crazy and another bust.
I didnt have enough so when the X11 contracts came out I bought around 800$ worth of hashing power , payouts were really good for a few days then started to dissapear. I really like dashcoin and this just seemed like it was going to be contract to payout and make up for past dissapointments. Same deal good payouts then not long after nearly nothing.
This is the good part
Angry at getting burned yet again, I decided to try and get a refund and sent them several emails telling them I wanted my money back and the contract terminated. A couple days later, I got an email from them agreeing to terminate the x11 contract and return my investment minus the days I had mined already. This was a great victory in itself but things were going to get even a little better....
I dont remember when exactly but genesis got hacked sometime later and had to reset the servers, this is irrelevant what matters is that after the accounts were accesible again my x11 contract continued to payout again and did so until the 365 days were up. Payouts actually increased again a few weeks later ( I think they were holding another x11 sale )
I felt a little guilty at first and even considered telling them about it, but then sense kicked in and I decided to accept this little gift from genesis mining.
I hope they read this :)
