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Hello miners,
Some users are currently missing Ethereum (ETH) & Reputation token (REP) payouts. This is due to network & daemon issues and all users will receive their payouts as soon as we’ve fixed this problem. We're sorry for the inconvenience and thank you for your patience.
We've also raised minimum payout levels for Eth due to growing transaction fees. The minimum payout amount is now 0.075 Eth. For Bitcoin we’ve updated these minimum payout thresholds to 0.005 BTC. We’re currently testing a new system in which our users can manually set their own thresholds and will update you on the integration of this feature shortly.
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Your Genesis Mining Team
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Please keep in mind that there are huge delays on the Bitcoin network so transactions can take much longer to be confirmed then usual. Unfortunate, but not uncommon nowadays. You can check the status of your payment on the network through it's transaction id. Tickets will be answered and if the payment has been confirmed then your order will be approved. This is all done manually, so if you see your transaction is confirmed but your order is not yet approved, then please update your ticket to help speed up the process. In addition to this, due to this network congestion and resulting excessive transaction fees we've withheld the last payout. Those payments should be resumed today. Please see here also about his: https://blockchain.info/charts/mempool-sizeWe're sorry for the inconvenience and thank you for your patience and understanding! -- Your Genesis Mining Team |
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Hello miners,
We are experiencing technical difficulties caused by a network infrastructure upgrade. We are currently running behind scheduled maintenance window and will be not able to release the payout on time. We are running behind with payout as you already saw but these issues are temporary, and we expect to be able to send the payout in next 24-48 hours. We will speed up payout process until we have reached our regular schedule again. The mining processes are unaffected!
We are continually working on improving our service, and we apologize for the delay and thank you for your patience.
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Your Genesis Mining Team
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We are indeed mining, and we are indeed paying. Contrary to what's being said or speculated, we pay out everything our customers mine. Our daily payout schedule has been back for some while now, but there are still some payout issues with a small number of customers. Those will be resolved also. The same with tickets. We look into each and every one of them, but sadly, due to the large number of those, not all will be answered within reasonable time. We've already expanded our support team substantially so it is just a matter of time, but even with our current support strength we cannot resolve all tickets instantly. We said it before and we will keep saying this, we will resolve all issues. More about this can be read here http://blog.genesis-mining.com/september-2017-service-update, though a new update should be coming in a few days. Keep an eye on our blog, please. Meanwhile we’re glad to announce that Bitcoin (Sha-256) mining contracts purchased in the pre-sale period started mining yesterday and first payouts on those contracts will be going out in the coming days. Please note that we’ve already sent payments to a few users during the pre-sale. If you have already received payments from your new hashpower (You can check the amount in your dashboard), then payout for those contracts will delay by the amount of mining days you already received (by a maximum of 5 days). As always, you can keep track of (actual and balanced) payout transactions on your Payouts page, and in general payout will be processed within 24 hours after a day of mining, in UTC time. We are receiving a lot of inquiries about new hashrate, but sadly we cannot say when we will be able to offer new hashrate just yet, but next to support, that is very high on our priority list, so stay tuned! Thank you for choosing us and happy mining! -- Your Genesis Mining Team |
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We're investigating all missing payouts and if you opened a ticket then we will assist you as soon as we can. We are handling tickets as fast as we can, with more people then before, making more hours then before, but still it can take much longer then you are used to from us. We will pay out what was mined, even if it takes longer, and the Two-Day Bulk payouts are being processed as scheduled. Some people get a transaction error or something similar on the most recent BTC payout. Those payouts have been processed on our side, but further distribution of the transaction data into the blockchain can take considerable time nowadays, as we have seen quite a few times before, causing temporary "transaction unknown" errors and such. There is nothing we can do to speed up since we do not have any control over the blockchain. It could take several hours still, but the transaction data will pop up in a block explorer (and of course the payment in your wallet) eventually.
In the mean time we are still doing infrastructure upgrades and are working very hard to get back to our daily payout routine, and we are working very hard to handle tickets and concerns as fast as we can.
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Your Genesis Mining Team
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Hello miners,
We have been experiencing some technical difficulties in the past few days. As a result user balances were not shown correctly and the functionality of the website has been reduced, including the login option.
This is representing a bigger challenge than expected, but our IT Team is currently working on solving the issues. This situation has also forced us to hold payouts since the last 20th of July, but they will be released to your wallets (or balance) as soon as the situation is stabilized. We expect to have everything solved (payouts included) during this week.
Also, we are getting lots of tickets due to this, so our response time may not be as quick as you are used to from us. We will handle all tickets of course.
We apologize for all this inconvenience, and thank you for your patience and understanding.
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Your Genesis Mining Team
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Hello miners, Please be aware of any phishing attempts and fake account impersonations of our brand that are targeting to scam you and other users. These are our official social media accounts! Thanks for sharing  When in doubt, you can also check the footer on our website as our social media accounts are listed under "Follow us". -- Your Genesis Mining Team |
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Hello miners! First, with regards to the previous posts, our prices and fees are mentioned on our pricing pages. There is a daily maintenance fee for Bitcoin Mining, but there is no fee for Dash Mining, Ethereum Mining, Litecoin Mining, Monero Mining and Zcash Mining. No maintenance fee means you pay the purchase price only (which then includes all running and maintenance costs) and receive mining returns during the time of your plan. Most mining plans run for 2 years. As for pricing, this might help a bit! In honor of our three year anniversary (thank you for the birthday wishes, ZetaOS!) , in which we managed to service over half a million customers, we have an Easter egg hunt promotion which will give you 5% discount. The code will be valid until Easter Monday (12.00 UTC time). Go find the Easter egg and crack it to reveal the promo code hidden inside! Further, after a lot of questions about Augur, we listened and have enabled Augur (REP) auto-trading, exclusively for Ethereum contracts! Under the Ethash Mining Allocation section you will now find an option to assign hashrate to REP. If you wish to learn more about Augur, please check our Altcoin Report, http://blog.genesis-mining.com/token-technology-understanding-augur, or the Augur site, https://augur.net. Last but not least we'd like to share the recent success of our BlockSpeak Conferences in India! As interest in cryptocurrencies in India grows, there are more and more people looking for educational resources and speakers who can give them the information they need. That's why we started these conferences, and we plan to continue to host them in other parts of the world where people are beginning to adopt cryptocurrency. Check out our blog here to find out more! We wish you Happy Easter, and happy mining! -- Your Genesis Mining Team PS: if you need a small hint with the Easter egg, click here |
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Hello miners, As of now we have Cryptonight hashrate available, though perhaps you know it better from Monero! For more information on Monero, please visit our Altcoin Report blog : http://blog.genesis-mining.com/the-altcoin-report-2-moneroThe pricing for our Monero mining plans is as follows : - Blaine packages start at : 30 H/s for USD $ 33.99
- Dynamo packages start at : 900 H/s for USD $999
- Houdini packages are available from : 2700 H/s for USD $ 2899
This offer is for 2 years of mining (without additional maintenance fee)! For our pricing page and for ordering, please visit : https://www.genesis-mining.com/pricingHappy mining! -- Your Genesis Mining Team |
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As we said, his issue has our attention. This thread is not an official support channel, we have our own support platform where people can ask for our help. POM did and his issue is being looked into, but obviously we will not share private information outside our official channels and certainly not with just anybody.
@Zeta0S, yes, we will come with some exciting updates, and we will have information on the possible forks. All very soon.
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Your Genesis Mining Team
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We handle all tickets, including this one. In general, we resolve tickets within half an hour, but some require more effort sadly.
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Your Genesis Mining Team
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Hi POM,
We're quite busy in the background, though sadly that is not always visible. We're very sorry this is taking so long, but we do our best to resolve all tickets as soon as possible, usually quite quickly, though apparently not always. Can you provide a ticket number?
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Your Genesis Mining Team
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Hi Yey09, You have SHA256 hashrate allocated to DASH (AUTO) payout? Then please read the FAQ also: https://www.genesis-mining.com/customer-service, under ALLOCATION: How does allocation work? What does AUTO mean?
Every algorithm can mine only certain cryptocoins directly:
Sha256 mines BTC, UNO and ZET
X11 mines Start and DASH
Ethereum mines ETH
Zcash mines ZEC
Scrypt mines LTC and DOGE
The other coins are marked with AUTO and they are not mined directly. In other words, payouts will be traded automatically from the mined coins to the AUTO ones at the exchange rate of the day.Your hashrate is mining SHA256 coins (Bitcoin), so in this case you have three main factors determining your mining returns: 1 - Bitcoin mining difficulty 2 - Bitcoin value, since this has an impact on the maintenance fee and the remaining mined amount of coins after fee is deducted. 3 - Dash value, since this determines how much Dash your mined BTC will get Dash is rising in value, so needless to say that the amount of Dash you get for the same amount of Bitcoin is getting smaller. The USD value is roughly the same though (based on the same BTC difficulty and BTC value), and if Dash keeps on rising the way it is, the coins paid out to you have grow in value also. -- Your Genesis Mining Team |
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Hello Miners! This weekend we've added Litecoin Mining to our available hashrate. These contracts are for 2 years and all fees are included in the upfront cost, so you pay once and receive two years of mining returns from your hashsrate. As you are used to from us, you can choose different payouts. Besides Litecoin, you can also mine Dogecoin. And you can choose payout in for BTC(AUTO), Dash(AUTO) and ZEC(AUTO). Do not forget (AUTO) means Autotrade, which means your hashrate will be mining Litecoin, which will then be autotraded into the (AUTO) coin you have selected for payout in the Mining Allocation section. Of course exchange values play a very large part in this conversion so day to day results can differ quite a lot! The Gold package for Litecoin Mining starts at $28 for 2MHs The Platinum package starts at $650 for 50MHs And the Diamond package starts at $2400 for 200MHs The difference in the packages is a better price per MHs the larger the package you order! Again, these contracts run 24 months and all fees are included! For our pricing page and ordering, please visit : https://www.genesis-mining.com/pricing-- Your Genesis Mining Team |
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... Color me confused.
Bruno
We improved our mining software which has lead to better performance, allowing a 20% increase on existing hashrate. We did not add hardware, it was purely because of getting better performance on already existing hardware. Since we have no new hardware in place yet, we cannot offer new contracts, so for now Zcash mining is still sold out. Not sure where the confusion is coming from, but does this help? -- Your Genesis Mining Team |
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Hello miners,
In case you haven't noticed, we have again improved Zcash hashrate for our customers. All contracts have received a 20% upgrade on Dec 11.
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Your Genesis Mining Team
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We are working on improving, but the further we get, the more difficult it will be to get even more. Still, we are not sitting back. Our teams are working very hard to get better performance, but sadly we cannot say when we'll have another update.
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Your genesis Mining Team
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It's not that we do not have any control. We control the hardware and the mining algorithm we use, the software we use to keep an eye on performance of various mining pools, and more. With our level of knowledge and experience in these matters we can assure you that is taken care off the best way possible. But mining difficulty and coin values are beyond our control. But to get any insight in those, you can use external sites that keep track of mining difficulty, hashrate growth, block rewards and coin values and such. They should be used before making any purchase so you have an idea of whats possible. And even after purchase there are times when changing payout to a different coin might be beneficial, though that requires some more understanding as it would mean keeping track of several coins and their exchange rates. But currently we have no Zcash hashrate available. We are working on that but it's hard to say when we will have hashrate available again.
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Your genesis Mining Team
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We don't have control over the returns as those largely depend on mining difficulty and market conditions. Those conditions are variable, as is the nature of cryptocurrencies, and any investment in these contain possibilities as well as inevitable risk. That risk can be calculated to some extend through various independent websites that offer calculators which help making estimates for mining returns, such as http://www.coinwarz.com, where you can check mining returns for any amount of hashrate at any level of mining difficulty, you can check difficulty growth charts to help make more accurate predictions of the future. Of course for Zcash launch the risk was a bit greater since nobody knew what was going to happen, how much total hashrate would be mining, how high or how low mining difficulty would be, how large mining returns were going to be, or even if there was going to be decent mining software to begin with. Those that bought our services took a chance on all that, except for the mining part, as we promised our customers would be mining or get a refund if all failed. We lived up to our promise and managed to deliver the promised hashrate, and our customers were among the ones mining right from the start. Since then we have managed to implement several upgrades on the hashrate also and we keep looking for further improvements. Daily returns still depend mostly on conditions that are beyond our control, but no matter how high or how low those returns, we will deliver the mining service our customers bought. -- Your Genesis Mining Team |
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Since our initial offer we've upgraded Zhashrate 5 times by now, and we continue to look for further improvements. It is impossible to say how much future enhancements will be or how fast we can implement those, but our teams continue to work hard at improving efficiency and we expect we will be able to extend further.
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Your Genesis Mining Team
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