Genesis Mining

🔍🐸 DYORB

Checked against ScamAdviser, IOSCO, UK FCA, US SEC PAUSE, US CFTC RED -- clean across all four regulator lists, ScamAdviser rated "Very Likely Unsafe".

DYOR the frog reads whatever third-party sources are configured for this score (see the DYOR section below) and reports back — it's a starting point for your own research, not a verdict.

• ScamAdviser:1.5/5(Very Likely Unsafe)· checked Jul 9, 2026view ↗
• IOSCO Investor Alerts:5.0/5(Not listed)· checked Jul 9, 2026view ↗
• UK FCA Warning List:5.0/5(Not listed)· checked Jul 9, 2026view ↗
• US SEC PAUSE List:5.0/5(Not listed)· checked Jul 9, 2026view ↗
• US CFTC RED List:5.0/5(Not listed)· checked Jul 9, 2026view ↗
• Website Exists:5.0/5(A)· checked Jul 21, 2026view ↗
• Site History:5.0/5(since 2014)· checked Jul 21, 2026view ↗

Google Search SummaryD+

Genesis Mining is a long-running (since 2013) legitimate cloud-mining operation, but it carries substantial documented controversy: Trustpilot rates it "Bad," and many customers report contracts from 2017 being terminated by 2019 as "unprofitable" with no payouts received, plus numerous complaints on BitTrust and other boards. The company also has to warn customers about impersonator sites (genesisminingbot, genesisminingvip). It is a real, established business but with a clear history of unresolved cloud-mining contract complaints.

Compiled from public forum/search discussion (via manual research, automated tools, or both), not independently verified. Reflects poster opinions, not confirmed fact.

Reddit SummaryD-

Extensive, years-spanning negative reputation — a dedicated r/GenesisMining subreddit (10 years old) is dominated by recurring "scam"/"fraud" accusations rather than isolated complaints: "one of the biggest scams in the industry... Paid $7000 for a lifelong contract, within 18 months received a total of $350," "Genesis mining is a total fraud, new customers: stay away!," "Just a reminder that Genesis Mining is a Scam," and a post alleging a contract earned LESS after a network difficulty drop of 50% (the opposite of expected). A detailed, well-argued whistleblower-bounty post ($5,000 reward offered) accuses the company of systemically withholding XMR payouts behind a vague "IT issue"/"network inconsistency" excuse, and explicitly speculates the withheld funds may be used to invest in HIVE Blockchain Technologies (a publicly traded company Genesis Mining held a major stake in) rather than paid out — a serious, specific allegation, not just frustration. A "Genesis Mining Hacked!" incident is also referenced (official company blog post). A copycat/clone site (genesisminings.com vs. the real genesis-mining.com) has confused customers. On the legitimate side: a real, decade-plus-old company, a 2015 Bitcoin Roundtable consortium signatory alongside F2Pool/BitFury/other major names, added BCH support post-fork. Consistent with — and considerably reinforcing — the existing Google Search grade of D+ and Trustpilot score of 1.0 ("Bad").

Compiled from public forum/search discussion (via manual research, automated tools, or both), not independently verified. Reflects poster opinions, not confirmed fact.

Bitcointalk SummaryD+

Genesis Mining is the subject of the single largest scam-accusation thread on Bitcointalk naming any company we track (741 replies, ~258K views, active 2015-2021). Real, credible complaints recur across years: contracts (including advertised 'lifetime' contracts) getting cancelled early once fees exceeded payout, opaque/unpaid balance tracking, unresponsive support, and apparent astroturfing (a company promo code appeared signed under a defender's post in the same thread). But there's also sustained community pushback arguing this reflects cloud mining's inherently bad economics industry-wide rather than deliberate fraud specific to Genesis Mining, plus at least one genuine recent positive customer testimonial. No confirmed lawsuit or fraud finding surfaced in the thread; it never reached a resolution, it just went quiet. Net: a genuinely disputed reputation with real red flags, not a settled scam verdict.

Compiled from public forum/search discussion (via manual research, automated tools, or both), not independently verified. Reflects poster opinions, not confirmed fact.