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Erratum, the current Return On Investment is 571 days (not 400 days)... worse and worse. That means that when you give one bitcoin to Genesis Mining today, if difficulty does'nt change for 571 days (lol), you will get back your bitcoin at the end of 2016 (may be for christmas who knows). If (likely) difficulty rise before these 571 days, you can consider you will never see your bitcoin again.
Good luck
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I just looked that up. Yes it is 0.39 USD per GH/s but then I would have to add delivery costs. Plus, I then have to buy a 750W PSU, a gold rated one probably as I wouldn't want something that was going to blow up after a few weeks My electricity costs where I live are 0.23 USD per KWH. So after looking at that, I would be making a loss each day as my electricity costs would be more than the Bitcoin I am mining on the Mining Rig. This is why cheap electricity is essential. So for me, mining 1TH with Genesis Mining is a far better option. 400 Day ROI, who cares, it's a lifetime contract and right now Bitcoin value is quite low, I think it will get higher so ROI time will get less and less and if it is 400 days or more, I don't care, I am in this for the longterm. BTW, go and buy that Antminer S5, do some research first, find out your electricity costs, ask your loved ones if they don't mind having the noise of it on all day long and also the heat, hope you get sufficient cooling etc. Good luck Ian Unreachable for unreachable I prefer to buy a real hardware than sponsoring a team of kids doing virtual mining. "400 Day ROI, who cares, it's a lifetime contract", so funny. I bet with you that 100 days from now the ROI will become 600 days then 200 days from now they will stop your contract because fees will be more expensive than income. In the end your return will be less than 50%... who cares yes  And tell me why don't they mine for themselves if they trust their business ? And can they show us their mining Bitcoin address to check their real hashrate. Why don't they provide realtime hashrate, blocks found..., like every pool is able to do ? |
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Dear Community,
Thanks for your support as always.
We have new SHA-256 hashpower pricing.
Gold : 50 Gh/s - 22.49 USD ($0.45 per Gh/s)
Platinum : 1000 Gh/s - 419 USD ($0.42 per Gh/s)
Diamond :15,000 Gh/s - 5,850 USD ($0.39 per Gh/s)
As always please look out here, Facebook, Twitter for news and announcements and if you have an account with us, your newsletter.
As mentioned already, we have a big announcement coming soon.
Your Genesis Mining Team
400 days ROI (if difficulty doesn't change, which is unlikely)... useless, I already lost too much money with you. If somebody wants to send me coins, I promise to give him back dust everyday for 200 days then I will declare mining too expensive to pay fees . I can even promise the ROI of my service, although unreachable (like GM service), will be 80%. Send me your coins and I will send you back 80% of them in 100 days. Yes I'm stealing you but less than Genesis Mining (don't expect to recover even 50% of your coins with them). Genesis Mining, tell me, why do you even need hardware with this kind of service ? As you know that it will be obsolete far before ROI ? What is the point of buying new hardware (let's suppose you are buying new hardware...) ? Why don't you just mine for yourself if you believe this is profitable ? Monkey business |
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This coin community looks like very friendly, however, I would like to understand what make this coin technically different. I understood that total hash power is kept low to counter mining monopolies but how can you guarantee that network is safe (double spend) with a low hashrate ?
Also I wasn't able to find something like a graph showing inflation (POW + POS).
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I upgraded my two full nodes flawlessly (Linux VPS and dedicated, Debian 7 and 8, x64, from your precompiled archive). Same for my Windows wallet (7 x64). Changelog is heavy, for those of us who think you do nothing... Thanks. |
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Can someone explain to me how to use ClearingHouse with a concrete example ?
Is it a platform or a technology ? I mean can I rely on something running on my own hardware ?
There is a separate bitcointalk for Clearinghouse. Maybe you can ask your question there or DM directly to BTCDrak. Thanks. I will go there to gather informations. |
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Can someone explain to me how to use ClearingHouse with a concrete example ?
Is it a platform or a technology ? I mean can I rely on something running on my own hardware ?
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And why not create a coin for you and your friends and show us why your band need a new coin ?
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A new team, A new coin for Iceland. IcelandicNotes will be launched in June.
After leaning from the early mistakes made by AUR distribution we want to start with a clean slate for Iceland.
Transparency:
Every team member will be contactable by phone, email etc Trust and Transparency is very important in Iceland.
Company address will be given and people from the public will be more then welcome to come visit.
Fair Distribution:
No Premine but coin generation will be done in new innovative ways, the focus will be on developing the currency for Iceland and making it usable on launch.
Team
The core team will only consist of citizens from Iceland and will outsource any needed skills we can't do in house.
Development
More to be announced closer to launch.
I will announce our new forums when we go live. It's time to give Iceland the coin it deserves.
Let Iceland people who want crypto buy Bitcoin or Litecoin. AUR is dead, like almost all altcoins. You harm cryptocurrency concept doing like this.. you probably don't care and just try to steal money to naive people. |
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add to crypsty but , the price down ... what this is ? any suggest for me , buy , sell , watch LOL
Same advice as for every pump and dump shitcoin : stay away or consider it like playing casino. The only long term valuable coins are Bitcoin and Litecoin. All you do by buying these noobs traps is giving your money to big players that will convert it to Bitcoin then $$$. |
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Most altcoins are dying. Be patient, in a few months from now it should only remain a handful of them. I hope Viacoin will be alive then, it deserves (technically speaking).
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50% premined ^^ Without me  |
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Stop posting after ecstasy please.
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Supply and demand... this is what make the price, not core developpers. It's up to the community to create demand.
Thanks for this professional and mature answer btcdrak, you are beautifully doing your job.
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As a Viacoin owner and believer I'm very pleased to see Viacoin symbol in Font Awesome but I can't understand how you managed to make this happened (if you are part of it) because, if I'm not mistaken, only Bitcoin shares this privilege for now. |
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C-Cex is part of the scam. This exchange was made by and for hashprofit scam and it will disapear soon.
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Bitcoin is nothing but a money transfer system and not even easy to use compared to Paypal Forget the mass adoption, even 50$ BTC is overpriced when you think about how useful it is Even if Bitcoin is ill-suited for instant money transfer, there are a few things that make it (and some alt) unique : - you are the owner of your coins as long as nobody else knows your private key (so avoid web wallets) ; - you don't need to trust anybody to store your money ; - you don't need to be accepted by financial system to receive coins ; - total amount is capped, and inflation controled meanwhile ; - there is a good level of anonymity if you stay in legit economy. So for a value storage system, Bitcoin is a must. For daily expense, I think we could transfer Bitcoin to a trusted intermediary (bank, Paypal) then use current system. Exposure is limited as you keep owning most part of your coins in your wallet. This is the best of two worlds. It is time to banking to change their business model. Typical believer's talk How retarded you must be to store value in something that can lose all of it's value within hours Typical greedy daytrader's talk. How retarded you must be to store value in banks databases, piece of papers or unusable gold that could lose all of it's value within days Ah and I missed a point : Bitcoin can't be counterfeit Whatever I dumped my btcs and alts long time ago and so did other investors I personally know It was a nice ride and you must enjoy your bag holdings Time to get rich with assets What you do of your life is without interest. And for other investors you personnally know I suppose they live in the same place. You're right dude, keep your dollars and sell me your BTC. |
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Bitcoin is nothing but a money transfer system and not even easy to use compared to Paypal Forget the mass adoption, even 50$ BTC is overpriced when you think about how useful it is Even if Bitcoin is ill-suited for instant money transfer, there are a few things that make it (and some alt) unique : - you are the owner of your coins as long as nobody else knows your private key (so avoid web wallets) ; - you don't need to trust anybody to store your money ; - you don't need to be accepted by financial system to receive coins ; - total amount is capped, and inflation controled meanwhile ; - there is a good level of anonymity if you stay in legit economy. So for a value storage system, Bitcoin is a must. For daily expense, I think we could transfer Bitcoin to a trusted intermediary (bank, Paypal) then use current system. Exposure is limited as you keep owning most part of your coins in your wallet. This is the best of two worlds. It is time to banking to change their business model. Typical believer's talk How retarded you must be to store value in something that can lose all of it's value within hours Typical greedy daytrader's talk. How retarded you must be to store value in banks databases, piece of papers or unusable gold that could lose all of it's value within days Ah and I missed a point : Bitcoin can't be counterfeit |
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