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1  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: October 23, 2014, 01:04:24 AM
how can they actually prove they are really mining coins and not just taking people's money and shorting the money to pay people who have purchased hash?

please provides proof that this company is really mining coins.

has anyone actually visited their data center?
has anyone on this site actually visited their data center - there are some cloud mining services that I am pretty sure aren;t really mining at all and I'd like some real proof before I invest.

in addtition - can you actually see what you're mining? can you choose a pool to mine in and create a worker to see that worker actually mine?
what kind of machines are pictured there? who is the manufacturer?

Please contact genesis mining and schedule a visit to Iceland it is very nice country. Wink

If genesis points your hash power to the real pool of your choice how would they subtract the daily fees ?
If you get a worker Id would that actually mean anything except that you will probably have to pay all the fees when hash power is activated ?
Do you expect worker to be the size of your contracted hash power or aggregated slots of 10GH would satisfy you?

Approach like "you choose the pool" (u r just binding your hash power to specific public pool profitability) is not the proof that hash power
exists for you. There are some mining providers out there that 'offer' that but that's more like try and cry solution.

Genesis is using multiple pools/proxies (it was written somewhere in this topic) for redundancy as they are protecting users where lot of pools are not always 100% up time.
Would you agree to get 0 MH because you picked the pool that was down for 24h (accumulated or not) ?

Of course, there is always someone who wants to speculate which pool is better and all that, but personally I want security and contracted hash power.

Do you ask AT&T about the manufacturer of their equipment or you just pay the service and use it ?

You can always buy a miner, set it up at home, point to the pool and do it the old fashioned way like most of us did long time ago Wink

Bottom line I think you are missing the point of service as cloud mining where I don't care about any of this, just want my daily payout and leave the
technicalities and speculations to someone else.

Happy cloud mining;
2  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: October 03, 2014, 05:17:46 PM
there is something up with the payouts, my last tx was on 10/1.

10/1 is the day of mining, if you hover over info you will see the day of processing and payment is 10/2, click on transaction and there is transaction details with all info you need.

now... I see 10/2 mining day and I see 10/3 16:25 UTC which is correct and on time.

I have received all of them, but for some coins it takes more to get 1 confirmation.
Some are faster, some slower, but all in all it's flawless.

So, forget missing payouts, they all arrive on time, even though I wish more algo and coin support, but hey, this is fine too.

Cheers and mine it Smiley
3  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: October 03, 2014, 01:03:20 PM
Didn't receive anything from Genesis Mining yesterday. Looks like the daily payout has a problem ^^

Surely not a problem with daily payout...

I wish users do read the FAQ and some threads...


>>>>
If you miss the payment contact support, they are cool, but that's probably not what happened  Smiley

Let me try to explain how it works, it was written somewhere, but never mind...

I get my payments every day on time since the day 1. On time means every day from 00-23:59 UTC for the previous day of mining.

Payments might come in short period of time, it actually happened to me as well couple of times, but it was: 22:00 UTC and 01:00 UTC, in my wallet it looked like it was the same day, but actually it was not, it was my timezone settings and LOT QT client.

So Genesis actually, sometimes, do a payout earlier during the day which I like, and sometimes later in the day.

If I go to my transactions I see all info for the single payouts, amount, time of processing and the transaction with online link to trx info.
There you can see everything, all payments are all within next 24 hours after 0 UTC for the previous day of mining.

The other day I was missing the info for the transactions, but my wallet was happy and that is what counts. Later on stats arrived and it was all correct. Wink

When taking a contract it is better to take it earlier in a day, lets say 12:00 UTC, so 1MH will effectively produce 0.5MH till the rest of the day.
After that you will have full power every 24 hours. The same thing apply when reallocating hash power, better do it earlier in a day if you want full rate on that coin
the next day. Too small hashrate on coin can produce small amount that is not payable, but go to the transaction section and its all there.

Cheers and happy mining

>>>
So, please, be patient and your payouts will arrive on time as they say....
4  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Genesis Mining New Pricing vs GAW Mining Hashlet Primes Update 10 Sept on: September 29, 2014, 10:27:10 AM
Day 12 Comparison Video
http://youtu.be/r0nrdoKavcY

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00015151 BTC
Gaw Miners Genesis Hashlet        0.00020084 BTC

Genesis Mining 1 MH/s contract   0.00044169 BTC
GAW Waffle Hashlet                     0.00042250 BTC
GAW Zen Hashlet                         0.00044241 BTC

Ian

Seems the Zen Hashlet is consistently coming out on top if even by a small amount. Thanks for doing this comparison.  Cheesy

Are there altcoins available on Zen ?

I am interested if there is option to get POT or DRK, even BC was fine for me, putting all your marbles in one bowl does not seem to me like a good practice.
5  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: September 19, 2014, 10:52:41 PM
Again yesterdays payment missing...
(last payment 17.9)
Nope, just requires patience. Genesis-Mining does not have fixed payout times, but you will receive a payment for every day. It can take a bit longer. Also, opposite that, don't be surprised if you receive two payments in a relative short period of time.
If you miss the payment contact support, they are cool, but that's probably not what happened  Smiley

Let me try to explain how it works, it was written somewhere, but never mind...

I get my payments every day on time since the day 1. On time means every day from 00-23:59 UTC for the previous day of mining.

Payments might come in short period of time, it actually happened to me as well couple of times, but it was: 22:00 UTC and 01:00 UTC, in my wallet it looked like it was the same day, but actually it was not, it was my timezone settings and LOT QT client.

So Genesis actually, sometimes, do a payout earlier during the day which I like, and sometimes later in the day.

If I go to my transactions I see all info for the single payouts, amount, time of processing and the transaction with online link to trx info.
There you can see everything, all payments are all within next 24 hours after 0 UTC for the previous day of mining.

The other day I was missing the info for the transactions, but my wallet was happy and that is what counts. Later on stats arrived and it was all correct. Wink

When taking a contract it is better to take it earlier in a day, lets say 12:00 UTC, so 1MH will effectively produce 0.5MH till the rest of the day.
After that you will have full power every 24 hours. The same thing apply when reallocating hash power, better do it earlier in a day if you want full rate on that coin
the next day. Too small hashrate on coin can produce small amount that is not payable, but go to the transaction section and its all there.

Cheers and happy mining
6  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: August 09, 2014, 01:49:49 AM
You should at least offer some advantage to people that bought a while ago. Overall, I will be extremely lucky if I get back 50% of the btc I invested.

At the moment, I would advise everyone to keep their BTC and not invest with you. This was the worst BTC investment I did.

+ 1 !!!

I invested the first of June...what a loss...my first very bad invest...i trusted GM...what a mistake...no reward for early adopters...nothing...
But all is my own fault...

You invested 2 months ago and you say that this is bad investment having 10 more months to go ?
I understand that you are playing with 'some' numbers, but you can not suggest that this is not a good investment.
Based on what ? Your expectations on quick ROI in 2 months ? Is this a joke ?

I have my contract with Genesis and I am very happy getting daily payouts in coins I need. Sometimes it's better on BTC (auto) sometimes RDD or DRK ... if you have time
every day you can change mining allocation based on some real work, not dreams.

Order a miner, get it delivered, heat your kitchen with it, pay the electricity, do the configuration, change the pools, monitor the system, reboot the system, replace power supply..... than put the numbers on the table and let's talk.

Everyone that needs good service, great support, and good sleep I can recommend Genesis Mining anytime.
Take the smallest package if you have any doubts and start mining in 15 minutes.

Cheers and happy Genesis mining  Grin
7  Local / Mining (Italiano) / Re: Servizio di hosting genesis-mining.com - opinioni? on: May 31, 2014, 01:05:43 PM
Qualcuno ha mai utilizzato o ha mai sentito parlare di www.genesis-mining.com?

https://www.genesis-mining.com/pricing

Su https://cloudmining.guru/wp/cloudhashing/ ne parlano abbastanza bene ma vorrei qualche testimonianza diretta.

I created account 2 weeks ago and it works like a charm.
Daily payout, mining allocation and minimalistic interface is a plus.

I mine some on AUTO and some on LTC and DOGE, but I see they have AUR, FTC, LOT, MEC as well.

8  Alternate cryptocurrencies / Mining (Altcoins) / Re: Are they legit? on: May 31, 2014, 12:59:40 PM
I am a newcomer and i think trading is a risky option for newcomer like me. So, i think mining is the best way to earn Bitcion. .I have found a post in this forum on BTC mining, where www.genesis-mining.com is offering to start mining from 0.14 usd kh/s per year. How are they offering such a low price? Are they legit?
Here is the link of that thread: https://bitcointalk.org/index.php?topic=602022.0


They seemed legit to me and they still are.
Have created account at genesis 2 weeks ago, payed with BTC. Started mining within 20 minutes.

Daily payment is perfect cos it pops out on my mobile.

Was playing with mining allocation and it's lovely. Once you try it calls for hash power upgrade. Wink

I hope they will create Android app.



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