Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: IanFoxley on September 12, 2014, 05:19:40 AM



Title: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: IanFoxley on September 12, 2014, 05:19:40 AM
Hello.

Has anyone got a SHA256 contract with Genesis Mining yet?

If you have and have had payouts.

Can you post examples here as it would be good to compare with other companies that offer the same thing at similar prices.

Many thanks

Ian


Title: Re: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: padrino on September 13, 2014, 11:59:38 PM
Hello.

Has anyone got a SHA256 contract with Genesis Mining yet?

If you have and have had payouts.

Can you post examples here as it would be good to compare with other companies that offer the same thing at similar prices.

Many thanks

Ian

So you have them in your signature block and you don't even have confidence in them, I suspect you will sell your mom for a hit if the price is right :)


Title: Re: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: eoakland on September 14, 2014, 12:23:20 AM
Hello.

Has anyone got a SHA256 contract with Genesis Mining yet?

If you have and have had payouts.

Can you post examples here as it would be good to compare with other companies that offer the same thing at similar prices.

Many thanks

Ian

So you have them in your signature block and you don't even have confidence in them, I suspect you will sell your mom for a hit if the price is right :)

ha !


Title: Re: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: jimmothy on September 14, 2014, 12:27:19 AM
They got banned on reddit /r/bitcoinmining for using shills.


Title: Re: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: jucamacieira on May 17, 2016, 07:23:52 AM
Facts:

Génesis Mining sha256 HASHRATE 3.0000 TH/s
https://docs.google.com/spreadsheets/d/1OJYGXuIUpFc7OeXxYGv5NNNfi_hjjQ4mLvYwN8OcNbc/edit?usp=sharing

Génesis Mining X11 HASHRATE
https://docs.google.com/spreadsheets/d/1qjim7imD6CLBts66u_68prRKoGsoxN1kfMyL_apR_EM/edit?usp=sharing


Title: Re: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: digaran on May 17, 2016, 02:10:32 PM
I never bought from them but I bought from hashnest and deposited $4 bucks :D withdrew $4.5 after 4 days.
How ever I don't know if they treat large amounts of money as well though. :)


Title: Re: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: navigatrix on May 17, 2016, 07:39:06 PM
Facts:

Génesis Mining sha256 HASHRATE 3.0000 TH/s
https://docs.google.com/spreadsheets/d/1OJYGXuIUpFc7OeXxYGv5NNNfi_hjjQ4mLvYwN8OcNbc/edit?usp=sharing

Génesis Mining X11 HASHRATE
https://docs.google.com/spreadsheets/d/1qjim7imD6CLBts66u_68prRKoGsoxN1kfMyL_apR_EM/edit?usp=sharing


So what is Genesis' maintenance charge per TH/s? I didn't try them because they are not transparent about it up front.
I did purchase a small amount of X11 and ETH with them and payouts are regular... I think I will make a small amount of ROI with those.


Title: Re: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: BitcoinNewsMagazine on May 17, 2016, 08:44:49 PM
Facts:

Génesis Mining sha256 HASHRATE 3.0000 TH/s
https://docs.google.com/spreadsheets/d/1OJYGXuIUpFc7OeXxYGv5NNNfi_hjjQ4mLvYwN8OcNbc/edit?usp=sharing

Génesis Mining X11 HASHRATE
https://docs.google.com/spreadsheets/d/1qjim7imD6CLBts66u_68prRKoGsoxN1kfMyL_apR_EM/edit?usp=sharing


So what is Genesis' maintenance charge per TH/s? I didn't try them because they are not transparent about it up front.
I did purchase a small amount of X11 and ETH with them and payouts are regular... I think I will make a small amount of ROI with those.

They have never been transparent and use fanboys to drum up business. Usually no one who takes time to research the competition would buy hashing from GM. You are likely to be underwater at the halving, have your contracts cancelled and there has never been a market where you can sell your hashpower. Until the halving I would not buy hashpower from Hashnest or BW either. Wait for the newest gen miners to be introduced them make a decision.


Title: Re: Genesis Mining SHA256 contract Payouts. Profitable?
Post by: jacobmayes94 on May 18, 2016, 05:16:20 AM
I would never bother buying cloud mining, and it can be pulled at any moment if the company goes bust, no better than a Ponzi in my opinion. Best spent buying the coins, to be fair or going scrypt at present. Or waiting for next gen hardware.