Genes Mining is a platform that has been performing bitcoin mining services for the past one year. The platform claim that it has over 2 million users. Moreover, it views itself as the leading hash power provider in the market.
The company is promising investors instant and daily cash out. To become a member, you will have to follow a particular guideline. First, you will have to sign up to become a client of the mining firm. Second, you will need to pick your investment plan based on what suits your desire.
The third step is to wait patiently to begin receiving returns. Genes Mining claims that their mining hardware is already in operation. Hence, investors do not need to undergo the hefty, expensive requirements that come along.
You can start mining crypto immediately as you finish signing up. Several factors do not add up when you take a closer look at how the platform is running. The company is promising investors profits.
There are legit cloud mining companies in the industry that have been in the industry for the longest time possible. The entities are transparent, and the returns that they promise investors are realistic.
The company is a bitcoin cloud mining entity. It guarantees users’ profits ranging from 3% up to 4% daily. The withdrawal requests are allegedly handled instantly, and investors will not have to wait for long duration.
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Genes Mining claims that it is a responsible and honest investment venture that is a multi-level marketing entity that investors can trust. The company state that it has a total of 1655 accounts. Additionally, the platform displays the number of funds they have processed since the time it joined the market.
The company does not feature adequate info in regards to their mining activities. The data center of the farm is not discussed. The lack of transparency that this firm has is worrisome. The only data they avail is their DDoS and SSL certificates.
The company does not have an FAQ page or terms and conditions. You should not invest with a platform that you do not know all the requirements you are subjected to. It can change their end of services as they please or exploit you.
The founder of the company did not do an excellent job by missing the essential details. Given that it has been in the market for a period of one year, yet there is no performance report on their website, it is not a good sign.
The company owes its clients some sense of transparency. We believe the platform is another Ponzi scheme that is buying time in the industry. Soon when they have acquired a substantial amount of funds from an investor they will exit the market when customers least expect it.
Genes-Mining.com Investment Plan
The company has several investment contracts at the disposal of its customers, and all their plans run for a duration of one month. It has Cheap, Economy, Bronze, Silver, Gold, and Platinum.
Their cheap package will require a deposit of 0.0004 BTC, and daily clients can receive 0.00001333 for a period of one month. The Platinum plan is the most expensive and has the highest rewards. Investors will have to cash in 1.5 BTC.
The profits are also disbursed daily for one year. You will have a total of 0.0075 returns within 24 hours, which is equivalent to 2.25 BTC in a month. The company is only accepting payment via BTC.
The returns that the company project is very high. Considering there are mining difficulties in the market. Their deal is too good to be accurate, and considering they are no proof of payment, you should keep off the fraudulent firm.
Since the company is anonymous and they are asking for BTC from their client, which you cannot trace the payment or reverse it once done is not a very transparent factor. There is a possibility you can be making the payment directly into the founders’ account. Genes-mining does not feature information of any financial institution. The company has not met the requirements that the government has put in place.
Regulation and Customer Support
The company claims that it is registered in the United Kingdom. They feature a registration document that shows it is registered under company number 11787023. However, the certificate is easily accessible, and you can get it at a lower price in the UK.
There is a difference between a company being regulated and registered. It does not mean much having a registration form; what really matters is having a license. The mining firm is allegedly located at 26 Cheering Lane, Suite 401, Stafford London, United Kingdom.
For them to collect funds from investors, they ought to have a license from the FCA. Unfortunately, it not the case. The company is not running under the law. There are reports that Genes-mining.com has the worst customer support services. They do not respond to their clients’ complaints.
Genes Mining Investors Testimonials
The company features several testimonials that they have acquired from their clients. The members’ claims to have received profits in their account. One investor allegedly deposited $500 and, in return, gained $600 within ten days.
Those who have tried their services promise to invite more people as the mining venture is legit. We did not come across a negative review on their website. From the look of the thing, the company seems to be encouraging users to deposit more funds.
Unfortunately, we do not have much trust with Genes Mining, as the company has a lot of negative reviews. Many investors accuse the firm of being a scam. Investors are calling upon the authority to but the criminals behind bars.
The company is deceitful and impulse hefty fees to their customers. They do not disclose all their withdrawal requirements, and the request takes more than one day to process. Hence, their promise is false. You should not waste your money with the entity.
It would be best if those who claim to have earned from the company would avail their proof of payment. We cannot depend on their word only that they are the best choice in the industry. It would be best if you never gave an investment venture the benefit of the doubt.
The Domain Insight
Genes Mining is a platform that has been in the market since February 2019. The domain name of the mining firm is expected to expire in the same month the year 2021. Hostinger registered it, UAB, which is apparent the founder is anonymous. Additionally, genes-mining.com does not have much traffic coming to their website. They have an average of 1,234,926, and the geographical location that their clients come from is currently unknown.
Genes Mining assures investors they can withdraw daily. The company is a Ponzi scheme that might pay at the initial stages to gain the trust of investors. However, the company will eventually collapse with investors’ funds in their system. We highly suspect the platform is an offshore venture pretending to be located in the UK.
You can invest with Legit mining companies in the industry that will disclose their data center location and avail adequate information regarding their mining activities. Genes Mining is not a trustworthy firm as they are not regulated, and there are accusations of the company having hidden charges.
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