New update is still not clear on payments

29 August 2013 - Nicosia, Cyprus, General Meeting of the Digital Generation Board of Directors  Mini-report on the Board of Directors' Meeting

         ( September Press Release) 


The meeting heard a report by the Executive Manager Mr. Martin Coufal which revealed the positive trends in the development of the project, presenting key marketing and financial data and revealing the results of a multifaceted analysis of the project. Particular note has been made of the development of strategic directions to reduce and optimize the impact of risks on the final result of the project for all groups: financial, technical and human factor. As a result of the difficulties that emerged at the beginning of the summer, the leadership of the project decided to plug in the work of a specially crafted team for resolution of the situation - DG Risk Management Division. The most important and memorable moment for the audience was a bright and positive performance by the leading specialist of the unit Larry Queens.

In his report Larry Queens fully accounted for the latest efforts towards the resolution of the situation, describing in detail the methods applied, and presenting a plan to evaluate the marketing strategy for 2014, which will be most effective precisely for Digital Generation, given the unique specifics of the project, its originality and unique position in the world market. "To date, we have completely eliminated all the consequences of the crisis situation which arose in July due to the project's connection to several volatile eastern regions where the level of risk and fraud had not been adequately evaluated. As a result, our partners in several countries observed a minor glitch in payments and consequently were marked by panic which was fueled by some users' individual pessimism. Fortunately, this panic was not very significant. The vast majority of members trust in the project "- according to the report. "On August 25 the stability of the market position of the Digital Generation project was solidified”- the report of Larry Queens concluded.

The report on Risk Management Division results as of 25 August 2013, which included both the report and the consolidated audit, was approved and adopted by the General Meeting of the Board of Directors.

Key Decisions of the Board of Directors

All profits obtained in 2013 will be directed towards the maintenance of Project reserves with the goal of restoration of financial stability in the shortest time. It was also decided to start an active advertising campaign in Europe, including the media and the Internet and in the long run to launch an advertising company in North America and Australia. In addition, new methods were approved for the organization of the creative process to the search for new technical and marketing solutions.

Message from the Board of Directors to Affiliates and Users

The Digital Generation management consider it necessary to express a special thanks to all our partners and users who have been with the project through thick and thin from day one, without fear of the unknown or possible difficulties, and who have become partners to a grand plan, which has no analogues in the world's history. Friends, our project successfully passed all the tests that are the lot of true pioneers. We have passed the basic stage. We were able to resolve all the technical problems without losing any time, and in a relatively short period have arrived at a stable operational mode in all divisions. Thanks to your support, we can already say with confidence that our project is much more productive than we could have predicted! We should however take into account the fact that everything is new and it is impossible to accurately analyze and predict the path of development; there may be only rough estimates at the level of fantasy. What we are seeing now has exceeded all expectations! We are happy to have you with us, we are happy to share our achievements with you and believe that it is thanks to the support of each project participant that we are obliged to ensure that Digital Generation moves on to the next stage of development ahead of schedule.

"Those who don’t believe in victory never win”

Cordially Yours,
The Management


  This new update is still not clear on payments , its a report of what had happened before and what are the plans for 2014. 

payza gateway being set up

A new update from coingeneration.com about payza.com 

We're configuring our API to resume Payza payouts today, please check your account shortly.

There is still unresolved situtation with accounts that have open disputes left therefore all
payouts for these accounts will be temporarily blocked.

All other users are welcome to request payouts of their earnings once the gateway is setup.

In order to expedite all payouts we reserve the right to perform internal shift between your
available and current balance to reduce exremely high payout volume we experience at the moment.

We kindly ask you to cancel your pending request and submit a new withdrawal request via Payza

to proceed with your payout. You will be able to void your previous order within the next few hours.

Thank you for your extraordinary patience,

Truly Yours,
Digital Generation Team

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This new update is not new from the last update.  What this means is that the  "matter of transacting with payza.com" is still no finished yet but the positive matter is that "Payza gateway is being set up" It means we are closed to being paid or cashout would be available  but the matter of when  is  not clear.  This update was posted if i am not mistaken  August 28, 2013.  so we just have to wait. 

After DG verified account payments on the way

August 23 was the date stated by coingeneration.com  that they expect Payza.com would re-instate and verified their new account but here's another update this August 23, 2013   its almost unfinished business AFTER DG VERIFIED ACCOUNT PAYMENTS ON THE WAY ; 

UPDATE FROM COINGENERATION.COM 
________________________________________________________________________________________

Verification process of our business account is almost completed and we are awaiting Payza to transfer our balance or either perform payouts to disputes that currently still remain open. For all those who still have their disputes open we suggest to cancel them as we find it more appropriate for DG to handle refund requests and not the payment processor. It has been a bit longer than we expected to resolve all the difficulties therefore we shall use our own funds to cover all pending payouts via Paxum within the next few days. 

We appreciate the opportunity to reinstate our relationship with Payza and look towards their cooperation speeding things up for DG. It would have been faster for us to revoke all threads purchased thru Payza but we consider it to be unfair towards majority of members and that's why we believe that diplomacy is the best solution regarding the present situation. Patience is essential for success and knowing for sure our great potential we feel confident about the positive future of all members and DG at all.

It's time to get back to action - check your pending status shortly, payments are on the way !

Have a great weekend,
DG Management

_________________________________________________________________________________

This last update is almost the same as August 23, 2013. What we mean that
its almost the same was that for members its again a wait and see event. 
What DG or CG expects to happen is not clear, verification of the account they
say is still not complete ?? What i know of verification is a one click link then 
your ok ( i mean like registering in any site, your given a link then if you click 
the link then your verified,  so what takes DG or CG to be completely verified.
The statement updates is still saying that their balance is still not transfered.

About disputes the statement is saying that there are still disputes open since
Payza is still not paying or resolving this disputes. ( what i know about disputes
is that, when a the party being complained had recognize the complaint 
Payza should refund the said complainant then its settled, so its clear still
no action which was the root cause of these business delays and troubles. 

Now , a new fresh statement  ( they will use their own funds to cover all pen-
ding payouts using PAXUM within the new few days ?? the question is again
when..The members are all still in limbo ........

Coingeneration.com not online today

When i login to coingeneration.com  about 3:00 pm today  August 20, 2013  i got this 503 error. Coingeneration.com  is not online today,  i don't know when.  The image is saying that my request had been denied ( maybe the request to login)  because the limit has been exceeded by my Internet Provider.  I do not understand this,  does login to a site makes a limit.  Sounds like weird,  i know coingeneration.com is temporarily on  the maintennance and  not so active because of the funding they are waiting from payza.com  which should be completed on August 23, 2013 /   3 days from now.  Tha'ts  what i understand so probably  the site is  showing this 503 error,  this is coming from the site.  

To understand what's this 503 means  let's search on Google and find out ;  

                                 HTTP Error 503 - Service unavailable

Introduction

The Web server (running the Web site) is currently unable to handle the HTTP request due to a temporary overloading or maintenance of the server. The implication is that this is a temporary condition which will be alleviated after some delay. Some servers in this state may also simply refuse the socket connection, in which case a different error may be generated because the socket creation timed out.

503 errors in the HTTP cycle

Any client (e.g. your Web browser or our CheckUpDown robot) goes through the following cycle when it communicates with the Web server:

• Obtain an IP address from the IP name of the site (the site URL without the leading 'http://'). This lookup (conversion of IP name to IP address) is provided by domain name servers (DNSs).
• Open an IP socket connection to that IP address.
• Write an HTTP data stream through that socket.
• Receive an HTTP data stream back from the Web server in response. This data stream contains status codes whose values are determined by the HTTP protocol. Parse this data stream for status codes and other useful information.

This error occurs in the final step above when the client receives an HTTP status code that it recognises as '503'. (Last updated: March 2012).

Fixing 503 errors

The Web server is effectively 'closed for repair'. It is still functioning minimally because it can at least respond with a 503 status code, but full service is impossible i.e. the Web site is simply unavailable. There are a myriad possible reasons for this, but generally it is because of some human intervention by the operators of the Web server machine. You can usually expect that someone is working on the problem, and normal service will resume as soon as possible.
Please contact the system operators of the Web site (e.g. your ISP) to determine why the service is down. They will be in a much better position to help you than we are for this type of error.

I was not worried because while posting this article about 7:30 pm i happen to login and there it was back again no more 503 error.  This is really a temporary problem.  Even the thread manager software was not working when the 503 appeared but now its also back with the earnings intact.  Hoping the business continues  here  http://coingeneration.com/auth/new/125733/

CG's account back from payza.com

Things are getting brighter to (CG) coingenerations.com .  The last time a good news was received by all the members of  CG  was  about  Payza.com  talking to CG and a proposal  was given to payza . Now the moment everybody is waiting. CG and Payza had agreed  coingeneration.com (CG)'s account is back from payza.com. 

.    

Payza: Congratulations to all

Situation with Payza is almost resolved, we are setting up a new business account to resume payments for all countries. All limitations will be waived as soon as our balance is transferred to the new account. We expect Payza to finish their background and due diligence checks of Digital Generation to complete our business account verification by August 23rd.

______________________________________________

Hope that this will be the last issues with coingeneration.com.  A lot of complaints, disgusto and verbal attacks were floating on chat rooms, online , blogs and forums.  It's all about money , the cashout that were not received.  Instead they brand CG as a scam, the thread software is only a timer and only records earnings that does mean anything, the site is not legal , addresses are fakes and a lot of things to destroy the site.  Now its "hallelujah " there is hope no more "angry birds" , what will happen . Come August 23rd which is not the cashout day ,  on this message " its just an expected business account verification" i  hope people understand what is written. And for CG  they should learn from this tragic events..

Results of Talks with Payza.com

We are waiting for the results of talks with Payza.com and CG admin had a new update:

Negotiations with Payza 

We have received a list of opened disputes against DG and are seeking a way how to expedite these requests. To reduce the workload for Payza staff we have approached them with a proposal to let us perform payouts via API as before. So far Payza has one condition: they ask us to resolve the situation with members on our side first to minimize the number of opened disputes. 

Above said, to speed up the process resuming payments for high risk countries members are kindly requested to void their dispute unless intentions to abandon the project still remains. We have assured Payza that all funds in our account will be used for payouts to members and seek their professionalism resolving the present status with pending payments. 

As soon as we receive positive feedback from Payza all payouts will be fully instant again. We see no obvious reasons for this turnaround to take a negative scenario and will update all members within the next 24 hours. 

Thank you for your continued patience and understanding. 

Cordially, 

DG Management

_____________________________________________________________________________________________

Its now clear to me that there are probably a lot of members who opened a dispute with Payza.com  about  cashouts that were not given to  requesting members.  This had been the reason of the  CG's   freezing  account. 

Now to open the account ,  CG ( coingeneration)  had proposed that payouts be done via API , what  i  know is that  those who have  requested and had not received their cashout  will now   received it ,  through  the same button  that had been using  with coingeneration.com.  But i would  presume that  these members who had not received any payout  should withdraw their complaint  with CG.  

First thing first is that Payza.com  must accept the proposal.  And secondly , those who have complaints should withdraw them and lastly  CG should follow that the money  they wouldd get or the frozen account should only be used to the requesting members. 

Hope against hope ,  this will resolve  some problems of CG  and we will be back in business..

New version thread manager software

Members of coingeneration.com (CG) are all very eager to have a cashout since the payza event happened. Some were already frustrated, very mad  and had call the site a scam site when they were not able to had a cashout last friday August 9/13,   you can read this on the chat rooms. There are still  cool heads that are stilll waiting for  new developments especially now that Payza had already contact CG. And from the latest update they are already on the conferencing stage to solve and come out with the solution about CG's payza account. 

As for me the site is still on its early stage since it had only started from a few months. I am still trying to know and understand the nature of the sites  online business since i only registered last June. What i do know at the moment was this site pays you for the CPU power of your computer. (see my payments on the side of the page)  And your task is to let your computer run 24 hours and if its not running then you don't earn.  How coingeneration.com  earns and the process they are doing it  is really  very technical.  You are provided with a  "thread manager" software that you  download and run on your computer  to determine how much you earn and it configures the operation with the site. 

While CG and Payza are doing there particular roles to move on with the online business. Our task is to see to it  that we continue what we have to do on our side. Since the sites operation i would say is not normal yet , i continue to run the "thread manager software which is version 2.4 ' and its performing well and i am seeing the earnings.  My goal was to hit the  $50 earnings on my account balance and purchase another thread. 

Hitting  the $50 earnings on my "account balance"  had been reached. I also had purchased another thread, so at the moment i already have 2 running threads . I purchased the thread sunday August 11 and had to download a new version thread manager , this is version 2.6 which was required when i purchased a new thread. 

See Threads Activation and Earnings 

Coingeneration.com  is still online and its working  probably there will be some delays before you can cashout.  The proof that  the site is not dead are the images above , thread manager working , earnings are shown , chat rooms are always open and login is not a problem. I will continuosly  hit $50  on my account balance and buy another thread  until it grows more  and when the site is ready for a cash withdrawal then i will do that,  so what more do you want . You are given an opportunity that you dont  need to do anything, maybe invest  from the start , then earn afterwards.  This is what i see it now ..See you inside ..