Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: wec on September 28, 2014, 06:58:19 PM



Title: GENESIS MINING the paradise ?
Post by: wec on September 28, 2014, 06:58:19 PM
We all already read it somwhere about GM and gaw miners, and many of us have already bought hashpower there like me.

Don't you think it is a little bit strange theirs lifetime contract, low prices, good ROI, good everything ? I mean, i am loving it, their support is great, everything they have is great and the best there is in the market at the moment. People always said to me, if it sounds too good, you are wrong, there is always something about it that you are not looking through.

I've been looking at my earnings and other people earnings and as far as i know we all have ROI in 4 months, at least for scrypt power in BTC auto.

Don't you think it is strange this "paradwise" ?  What are your thoughts ?

If my english is not perfect, im sorry, i did my best :)


Title: Re: GENESIS MINING the paradise ?
Post by: Stargazer on September 29, 2014, 04:05:58 AM
I'm currently mining with GAW, but can't say anything bad about GM. From what I heard they are on time with their payments and have the gear to support the operation.


Title: Re: GENESIS MINING the paradise ?
Post by: ellen_me on September 29, 2014, 09:13:50 AM
I do not think it is strange cause service providers should provide their best if they want to be ahead or at least one of the best.  :D


Title: Re: GENESIS MINING the paradise ?
Post by: testerman on September 29, 2014, 10:02:03 AM
I do not think it is strange cause service providers should provide their best if they want to be ahead or at least one of the best.  :D

1$ per ghs is still expensive and there are more companies like it, offering cheaper and better deals..


Title: Re: GENESIS MINING the paradise ?
Post by: wec on September 29, 2014, 01:17:28 PM
I do not think it is strange cause service providers should provide their best if they want to be ahead or at least one of the best.  :D

1$ per ghs is still expensive and there are more companies like it, offering cheaper and better deals..

How is it still expensive ? They have to pay for elctricity, for the spaces they rent, for the asics, cooling (ok being in Iceland helps), etc... What makes them rent their hashpower ? Wouldn't be more profitable right now to close GM and mine only for themselves ?


Title: Re: GENESIS MINING the paradise ?
Post by: bitgeek on September 30, 2014, 12:02:09 PM
I do not think it is strange cause service providers should provide their best if they want to be ahead or at least one of the best.  :D

1$ per ghs is still expensive and there are more companies like it, offering cheaper and better deals..

How is it still expensive ? They have to pay for elctricity, for the spaces they rent, for the asics, cooling (ok being in Iceland helps), etc... What makes them rent their hashpower ? Wouldn't be more profitable right now to close GM and mine only for themselves ?
They used to mine for themselves and decided to sell shares, so it must be more profitable.


Title: Re: GENESIS MINING the paradise ?
Post by: wec on September 30, 2014, 04:22:02 PM
I do not think it is strange cause service providers should provide their best if they want to be ahead or at least one of the best.  :D

1$ per ghs is still expensive and there are more companies like it, offering cheaper and better deals..

How is it still expensive ? They have to pay for elctricity, for the spaces they rent, for the asics, cooling (ok being in Iceland helps), etc... What makes them rent their hashpower ? Wouldn't be more profitable right now to close GM and mine only for themselves ?
They used to mine for themselves and decided to sell shares, so it must be more profitable.

so, why don't every single miner that does have a couple of asics share their mining instead of mining for themselves ? it's not exactly that, there is something that doesn't quite fit


Title: Re: GENESIS MINING the paradise ?
Post by: Stratobitz on September 30, 2014, 10:19:44 PM
You should see my post here.

https://bitcointalk.org/index.php?topic=804894.msg9034870#msg9034870

Strato


Title: Re: GENESIS MINING the paradise ?
Post by: Zeta0S on October 01, 2014, 01:28:08 AM
Dashboard overview and payouts.
https://www.youtube.com/watch?v=7NNyx3GMBnc

Genesis Mining Discount voucher: MOON


Title: Re: GENESIS MINING the paradise ?
Post by: wec on October 01, 2014, 09:58:47 AM
Dashboard overview and payouts.
https://www.youtube.com/watch?v=7NNyx3GMBnc

Genesis Mining Discount voucher: MOON

that vid is really bad, im sorry but you kinda did not show anything...


Title: Re: GENESIS MINING the paradise ?
Post by: Zeta0S on October 01, 2014, 10:00:36 AM
Dashboard overview and payouts.
https://www.youtube.com/watch?v=7NNyx3GMBnc

Genesis Mining Discount voucher: MOON

that vid is really bad, im sorry but you kinda did not show anything...
Specially for u
https://www.youtube.com/watch?v=4QzuJNrlefA&list=UU-YY2DsZVEvsNNRSFkprxLQ


Title: Re: GENESIS MINING the paradise ?
Post by: wec on October 01, 2014, 10:05:17 AM
Dashboard overview and payouts.
https://www.youtube.com/watch?v=7NNyx3GMBnc

Genesis Mining Discount voucher: MOON

that vid is really bad, im sorry but you kinda did not show anything...
Specially for u
https://www.youtube.com/watch?v=4QzuJNrlefA&list=UU-YY2DsZVEvsNNRSFkprxLQ

oh, the irony, do you think i wanted to see the dashboard ?


Title: Re: GENESIS MINING the paradise ?
Post by: jimmothy on October 01, 2014, 02:21:06 PM
Genesis mining was banned on reddit (r/bitcoinmining) for using shills.


Title: Re: GENESIS MINING the paradise ?
Post by: wec on October 01, 2014, 06:57:30 PM
Genesis mining was banned on reddit (r/bitcoinmining) for using shills.

can you give me some information about it please ?

Thanks


Title: Re: GENESIS MINING the paradise ?
Post by: jimmothy on October 01, 2014, 07:17:36 PM
Genesis mining was banned on reddit (r/bitcoinmining) for using shills.

can you give me some information about it please ?

Thanks

http://www.reddit.com/r/BitcoinMining/comments/2enhh4/genesisminingcom_is_a_dishonestly_run_business/


Title: Re: GENESIS MINING the paradise ?
Post by: Snorek on October 01, 2014, 08:34:47 PM
Genesis mining was banned on reddit (r/bitcoinmining) for using shills.

can you give me some information about it please ?

Thanks

http://www.reddit.com/r/BitcoinMining/comments/2enhh4/genesisminingcom_is_a_dishonestly_run_business/

From what I can see they are not really scammers. They just are just kind of stupid for trying to promote themselves in bad way. I thought they are more aware of doing PR by creating fake accounts and praising themselves is something that will be uncovered fast.


Title: Re: GENESIS MINING the paradise ?
Post by: SMB-2525 on October 02, 2014, 01:30:50 AM
https://bitcointalk.org/index.php?topic=799609.msg9048643#msg9048643


Title: Re: GENESIS MINING the paradise ?
Post by: betterangels on October 02, 2014, 07:19:05 AM
GAW is the better option, atm.
They are mining scrypt alcoins (i think), because "mining" ltc isn't profitable (to be "paying" to users).



Title: Re: GENESIS MINING the paradise ?
Post by: cat2 on October 03, 2014, 07:07:18 PM
I do not think it is strange cause service providers should provide their best if they want to be ahead or at least one of the best.  :D

1$ per ghs is still expensive and there are more companies like it, offering cheaper and better deals..

How is it still expensive ? They have to pay for elctricity, for the spaces they rent, for the asics, cooling (ok being in Iceland helps), etc... What makes them rent their hashpower ? Wouldn't be more profitable right now to close GM and mine only for themselves ?
They used to mine for themselves and decided to sell shares, so it must be more profitable.

so, why don't every single miner that does have a couple of asics share their mining instead of mining for themselves ? it's not exactly that, there is something that doesn't quite fit

As all miners know, ROI is painfully slow and mostly never but selling contracts provides quick, large amounts of cash. I think they are going for a quick ROI. Plus the constant fees.