When you land on the domain Genes-mining.com, the first thing that comes to mind is Genesis mining. A lot of people are also very likely to get confused in the process somehow. It’s in the best interest of the anonymous operators of Genes Mining to capitalize on this confusion, thereby tricking a large portion of traffic that was originally destined for Genesis mining to instead using the services offered by Genes Mining. Genesis Mining is a real and legit company that does Crypto currency mining. You can check it out here. But on the other hand, Genes Mining is a shady website which claims to be a company registered in the UK under the reg number 11797023. The location of this company is cited as 26 Cheering Lane, Suite 401, Stratford
London – UKE20 1BD.
At the footer of the website, we see the name Invest Mining in addition to a logo which belongs to Genes Mining. It is not clear whether Invest Mining is the same brand as Genes Mining but what is clear is that this is bringing unnecessary confusion. The domain was registered on 28th February 2019 and yet their website claim that they have managed to register over 1600 investors. This is not likely because there is no proof and also common sense tells us that such a website cannot register this number of investors within a very short period of time. But as you can see, they are throwing numbers around quite a lot. Even when you consider the alleged number of deposits and withdrawals which have passed through the hands of these site operators, you will immediately doubt whether those numbers are real. That’s because what you are seeing is too good to be true. You must trust your instincts during these moments. Otherwise, you risk losing a lot of money in the process.
The first thing that this website does is to show us their certificate of registration in the UK. So they mean that they are a registered company in the UK. This is to feign credibility and make us trust them but the truth is that there are so many scam companies which are registered in the UK and are purporting to offer Crypto currency cloud mining services. It costs nothing to register a company in the UK for purposes of claiming to offer Crypto currency cloud mining services. Furthermore, you have to remember that in the UK, authorities are not very strict and most people who register companies for the purposes of running online scams don’t get investigated (most of the time).
Genes Mining promises a number of advantages if we mine with their company. These include instant deposits and withdrawals, guaranteed profits, attractive commissions, 3% – 4% daily returns and many more. There is obviously something wrong with such promises. 3-4% daily returns is something that is too good to be true because if you are to make 3% daily returns, you would essentially be generating 90% monthly returns from this cloud mining service. Now, you have to understand that this is a big fat lie because cloud mining does not pay extra ordinary profits at the moment. You cannot expect such returns in any legit cloud mining operation. So this is suspicious and we believe that it is a trick which they are using to lure those who do not know what to expect out of cloud mining. The truth is that you will never earn these returns in any cloud mining operations. So this is one red flag. Take note of it.
The second red flag that we find on this website is the mention of guaranteed income. This is an investment and you cannot be guaranteed profits at the end of the day. Most shady cloud mining services will either steal from you straight away or fail to recover the money you spent in buying hash power from them. That will mean that they have stolen your money since when they promise what you will earn in the contracts, they claim that not only will you recover capital., but you will also make profits on top of what you had invested. Then it turns out that the opposite is true. You don’t recover your capital, let alone making any profits.
👉 Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout the Next Day After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
Genes Mining is showing us some fake testimonials to suggest that people are really in love with their cloud mining service. You have to ask yourself who is the moderator or editor of these fake reviews. First of all, we don’t even think that these reviews were written by people who have used this service before. You can rest assured that the text which you see in this area of the website is written by the owner of this website. You have to understand that genuine testimonials are always accompanied by proof.
This is what it is. We need to see evidence of real people talking about this service on Crypto currency mining forums on the internet. There are many forums out there and if this service is popular (as they claim to have registered over 1600 investors), we should be able to see a few discussions about the service. There is nowhere on the internet where such discussions are happening regarding Genes Mining.
This service looks like a scam because it cannot be trusted in the first place and secondly, this is a very new service to start with. If you want to trust it, you should probably give them at least 6 months to try finding out whether they are real or not. This period will give you sufficient time to find out what others are saying about the website i.e whether they tried it, got scammed, etc.
Genes Mining is a weird cloud mining site and we believe that there can be a risky investment in this site at this time. However, we believe that they should be given some time to see how things will turn out. Just stick to the legit cloud mining services.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More