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gigascrypt.com now on 100$/Mhs/Year GM. waiting for something better.
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BTC difficulty increase so need re-investment continuously. SCRYPT loosing profitability and difficulty will also be increased because of new asics. "There is no light in tunnel." Hope i will be wrong.
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Totally. DISASTER. 30MH 06.07.2014 BTC 0.01840195 05.07.2014 BTC 0.02410507 But this is not related to GM....All scrypt mining services have almost the same payouts just in some of them you can take your investment back. (part of the investment)
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No, the new contracts are online, please chose on of them. the upgrade is only for users having a contract before the price change
One more question. Why orders after 19/6 have less bonus than orders after 1st of July. The prices per MH for the above days (19/6 - 0,287/MH), (25/6 - 0,310) were higher than the days after 1st. (btc increase)
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Dear all,
We promised to constantly upgrade our infrastructure to the latest hardware and technology to bring the best service at the lowest possible price to our clients.
Due to economy of scale and enourmous growth in the last months we managed to close a deal with the hardware manufacturers that breaks down the hashpower prices to a level that has never been seen before in the market!
Now you can start from 9.4 cent per kH/s per year!
As you all know we are engaging very hard for our devoted customers to get max profit out of your hashpower and to celebrate the new prices with you, we are going to give all customers who recently bought hashpower from us a free upgrade* :
- all orders after the 1st of July will be upgraded 100% to the new terms - all orders of the past week (June 26th) will be upgraded by 15% - all orders starting from June 19th will be upgraded by 8%
The hashpower upgrade should be available within the next 24 hours.
We are also working on a number of features that will be released in the next few weeks. This includes among others: additional coins, the X11 hashing algorithm, additional mining stats and an improved user interface and many more. We will send out a detailed newsletter for everybody soon!
We are looking forward to an exciting future together with you!
Happy Mining, Genesis Mining
(*) While we would love to upgrade all of our users to the latest hardware this is unfortunately economically not possible, as we are always moving on a very thin margin. Please understand that we are operating on a mixed calculation in a fast moving market and depend on pricings of ASIC manufacturers.
Sound good news. If i upgrade today my Power by 5 i will receive 10?
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Not looking very good for me either.. with 48MH/s i'm getting around 0,05-0,06 BTC/day.. amount of mined BTC was 50% bigger few days ago..
I seems not so good for any member. I hope it will increase shortly. A "generous" promo from GM will help. Also i have stopped to reinvest since altcoins prof. is worst day by day (sorry for my English) I just noticed also a small increase in price of MH (with 3% promo) Yesterday the same time was 0,267 and now is 0,271 ....................................... 0,273 now.......so since btc price decrease GM price increase !! Because the price is linked the to USD. The USD price for 1 MH/S is 180USD and that is always the same. So if BTC falls in price, then of course it will cost more BTC to buy 180USD and if BTC rises then it means you have to pay less BTC to pay 180USD. You are right, didn't notice that.
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Not looking very good for me either.. with 48MH/s i'm getting around 0,05-0,06 BTC/day.. amount of mined BTC was 50% bigger few days ago..
I seems not so good for any member. I hope it will increase shortly. A "generous" promo from GM will help. Also i have stopped to reinvest since altcoins prof. is worst day by day (sorry for my English) I just noticed also a small increase in price of MH (with 3% promo) Yesterday the same time was 0,267 and now is 0,271 ....................................... 0,273 now.......so since btc price decrease GM price increase !!
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Not looking very good for me either.. with 48MH/s i'm getting around 0,05-0,06 BTC/day.. amount of mined BTC was 50% bigger few days ago..
I seems not so good for any member. I hope it will increase shortly. A "generous" promo from GM will help. Also i have stopped to reinvest since altcoins prof. is worst day by day (sorry for my English) I just noticed also a small increase in price of MH (with 3% promo) Yesterday the same time was 0,267 and now is 0,271 .......................................
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blockchain info (date 26/6/2014) GM Transaction details (dated as 1/7/2014)
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Something strange happened. I just received a payout from GM. In transaction page the date is 01/07/2014 but in blockchain transaction page the date is 26/6/2014 with 77 confirmations already. ?
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Sorry, but you will have to get used to it. I have been with GM since May 10th and this is how it has been to date: The half life is about a month. If it continues like this we will not make our investments back. It could turn around, but don't bank on it. To all new users please take my advice - don't risk money you can't afford to lose. You have been warned. I will continue to report if anyone is interested. Totally agree. We invest some money having in mind the risk. I am not expecting to get rich but it was nice thoese 3-4 days (20/6 - 22/6) when the payouts were double. From the other hand if BTC keeps increasing the ROI will be sooner
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EDIT: Forgot to mention, I really like how transparent you guys are. I've been having uncertainty issues with a lot of these services (like PBMining) but it seems you guys can be someone I can trust. You're active on the forum, quick and repsonsive to my emails, and really give no hassle.
I agree and I am sure I am not the only one. I think its a great news for those who are thinking about mining with Genesis-mining.com. I hope GM will soon release another promo code like MEGA
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i think you need to accept bitcoin and the contract system is not wellcome for me;;;; try something like cex.io sorry for my lang Hi, If i calculate correct you need around 1.2TH in cex in order to have around 0,35 btc per 24h 1.2 TH right now costs 8.9 btc With that money you can have ~32 Mh in GM and not fees and not the difficulty increase of btc (which was the reason to left from cex) and an average of ~0,45btc Maybe i am calculating something wrong...
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What is the average payout for Auto BTC at 4.75 MHs? On the second day I got 0.011 BTC. Then it has been around 0.006 BTC since. Profitability seems to diminish drastically! That would mean around 300 days until break-even (with no less ROI per day)!! Actually same thing happens with other coins also. Must keep observing before bumping in more hash power. Which was something I was considering until profitability dropped. I never allocated Auto BTC less than 90%. -W The same behavior to me....I think has to do with the coin profitability/difficulty For 28 MH/s
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What is the average payout for Auto BTC at 4.75 MHs? On the second day I got 0.011 BTC. Then it has been around 0.006 BTC since. Profitability seems to diminish drastically! That would mean around 300 days until break-even (with no less ROI per day)!! Actually same thing happens with other coins also. Must keep observing before bumping in more hash power. Which was something I was considering until profitability dropped. I never allocated Auto BTC less than 90%. -W The same behavior to me....I think has to do with the coin profitability/difficulty
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Some days the payment is steady every 24 hours, other days nothing for 24 hours, and some other there are 2 payments in the same days with some hours difference.
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