One of My Biggest Mistakes Ever Was Buying ZCash Mining Contracts with Genesis Mining.

My average payout for my ZEC mining contract with Genesis Mining is .003 ZEC. I get one month free with Genesis Mining so that is a total of 13 months. Let's do the math 395X.003= 1.185 ZEC. So for my .89 BTC investment ($560 at the time) I get a return of just a little over $200.

Now on top of all this, people including myself have not been receiving their payouts. Below is the response by Genesis Mining.

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I Understand That Sometimes in Business Things Happen That Are Outside Your Control.

I am just fed up with this company. Whenever I see people recommend this company I get a knot in my stomach. If you are going to mine crypto currency, do it yourself. Sure I have successful cloud mining pools with Bitclub but if I was to do it all over again I would have learned how to mine on my own. I just prefer to trade instead and leave mining to people more technically savvy than me.

Genesis Mining Give Me My Payouts I Don't Care If it is Just a Few Bucks!

UpDate by Genesis Mining 07/26

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. Shortly after the intrusion was detected, our team was able to shut down the attack. We immediately took steps to mitigate the issue, including enhancing our monitoring and detection capabilities, and further hardening our environment. One of those increased security measures was to delay our daily payouts.

We have found no evidence that sensitive end user information, including email addresses, were exposed by this incident. We also do not collect, store or have access to customers’ credit card details. We immediately engaged 3rd party cyber security advisory to investigate the attack, and validate that the measures we took to address this issue – and it’s those security practices that ensure that an issue like this remains isolated and resolvable.

We want to assure you that our mining operation was not affected and is running as normal. Every single one of our customers will receive their missing payouts as soon as we’re sure about the safety and integrity of our payment system. One of the advantages of the daily payout system is that it helps prevent actual losses, even in moments like these that cause delays.

The next payout is being scheduled, and all missing mining profits will be paid out to our users during the coming days. Genesis Mining will cover the full amount, and you will receive all of your payouts. The mining profits will be released gradually with the usual daily payouts, so you will receive two payouts a day instead of the usual single payout per day, until all missing payments are complete. We’re sorry for any delays in ticket responses, and I want to personally assure you that our Customer Service team will respond to each and every concern you have.

We will update you as soon as new information is available.