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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381767 times)
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yesrno
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September 22, 2014, 06:45:13 PM
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Well I've seen a few good posts/video's about genesis-mining.com but I'm always a bit skeptical with those cloud mining solutions.

I know this question has been asked some time already but since then the price & opinions kept changing and I'm not sure what to think at this point.

Is it still worth investing in cloud mining/genesis-mining? If I take a look at the pricing for Scrypt it will cost $339 USD for 20 Mh/s, then if I look at a random profit calculator like whattomine.com for example and looking at, euh, Feathercoin with the current difficulty/award. It shows me the profit is about $2.72 a day, meaning i'll have my investment back in 124 days. This would be somewhat off so even if I put the reward at $2.0 a day it would take proximately half a year to make it back?

Feathercoin just as an example, but... Am I missing something here, or is this about right?
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Zeta0S
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September 22, 2014, 06:51:49 PM
 #1302

Well I've seen a few good posts/video's about genesis-mining.com but I'm always a bit skeptical with those cloud mining solutions.

I know this question has been asked some time already but since then the price & opinions kept changing and I'm not sure what to think at this point.

Is it still worth investing in cloud mining/genesis-mining? If I take a look at the pricing for Scrypt it will cost $339 USD for 20 Mh/s, then if I look at a random profit calculator like whattomine.com for example and looking at, euh, Feathercoin with the current difficulty/award. It shows me the profit is about $2.72 a day, meaning i'll have my investment back in 124 days. This would be somewhat off so even if I put the reward at $2.0 a day it would take proximately half a year to make it back?

Feathercoin just as an example, but... Am I missing something here, or is this about right?
Hi, I made my investment lot quicker back. But still 124 days ain`t bad @all!

20MH/s will cost you luckily a bit less then 339 USD


Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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September 22, 2014, 06:53:01 PM
 #1303

Well I've seen a few good posts/video's about genesis-mining.com but I'm always a bit skeptical with those cloud mining solutions.

I know this question has been asked some time already but since then the price & opinions kept changing and I'm not sure what to think at this point.

Is it still worth investing in cloud mining/genesis-mining? If I take a look at the pricing for Scrypt it will cost $339 USD for 20 Mh/s, then if I look at a random profit calculator like whattomine.com for example and looking at, euh, Feathercoin with the current difficulty/award. It shows me the profit is about $2.72 a day, meaning i'll have my investment back in 124 days. This would be somewhat off so even if I put the reward at $2.0 a day it would take proximately half a year to make it back?

Feathercoin just as an example, but... Am I missing something here, or is this about right?

Take a look at my videos I am doing at the moment.

I am doing daily videos of my daily payouts from Genesis Mining using the AUTO BTC option, if you get my daily payouts and multiply for 20 that should give you an idea of what you would get each day although it varies.

If I take todays payment and multiply it by 20 it comes to  0.00814220

First video is here
https://www.youtube.com/watch?v=i8mj-QoK9Ro

ellen_me
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September 23, 2014, 05:04:05 AM
 #1304

Why there are 2.5% promo codes and others are 5%? Thanks.

ZorroPai
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September 23, 2014, 07:35:41 AM
 #1305

Hello everybody!

I have a question.

When I use the AUTO-Mode allocating my hash-power there are a lot of coins but only three of them are marked with (AUTO).
Is the AUTO-Mode applied to all the coins or only to those which are marked?

Thank you!

I started mining with GM only last weekend.
The process of getting started is very fast. First I got lost but GM helped me and now is erverything ok. :-)

Please use my Affiliate-Code to get a discount of 2.5%: RpijYv
Thank you.

Here is the most customerfriendly faucetrotator: TinaRotator.com
Buy BTC, ETH, Dash and LTC @ BitPanda.com
Genesis-Mining
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September 23, 2014, 08:03:15 AM
 #1306

Short Update:

The affiliate system should work correctly again and all missing hashrate was credited. Sorry for the inconvenience.

IanFoxley
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September 23, 2014, 08:27:08 AM
 #1307

Hello everybody!

I have a question.

When I use the AUTO-Mode allocating my hash-power there are a lot of coins but only three of them are marked with (AUTO).
Is the AUTO-Mode applied to all the coins or only to those which are marked?

Thank you!

I started mining with GM only last weekend.
The process of getting started is very fast. First I got lost but GM helped me and now is erverything ok. :-)

Please use my Affiliate-Code to get a discount of 2.5%: RpijYv
Thank you.

The (Auto) next to the coins means that they mine all the profitable scrypt coins and then convert those at the end of each day mined to the coin that you have chosen.

Auto BTC means profitable scrypt coins traded to BTC
Auto DRK means profitable scrypt coins traded to DRK for example.

All of the other coins you are mining directly, as if you were mining on a specific coins pool, except Blackcoin (BC), which has hashpower from Genesis Mining hashing away at the official Blackcoin Pool.

Hope this explains a little bit more and if anyone else wants to add anything or say..No, Ian, No, you messed up and explained it all wrong, feel free to add.

Ian

vaisajne
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September 23, 2014, 10:11:40 AM
 #1308

Short Update:

The affiliate system should work correctly again and all missing hashrate was credited. Sorry for the inconvenience.


Thanks I did notice the change in the hash power but it seems a tedious task to go through all those mails (some unique and more duplicate) and verify the total hash power awarded. I trust GM and hope it was all added up correctly.

Genesis-Mining
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September 23, 2014, 12:44:46 PM
 #1309

Short Update:

The affiliate system should work correctly again and all missing hashrate was credited. Sorry for the inconvenience.


Thanks I did notice the change in the hash power but it seems a tedious task to go through all those mails (some unique and more duplicate) and verify the total hash power awarded. I trust GM and hope it was all added up correctly.

Our IT team decided to start with a clean state. Thus, they rebuild all affiliate contracts from the beginning. Unfortunately, this approach caused duplicate emails (thus you received unique and duplicate ones). Sorry for the duplicate emails, but this way we are sure to be at the correct state. In case affiliate contracts are not correctly showing up, please let us know and we will have a look at it.

Thank you for your trust Smiley

Best regards,
  Marco (mk)


BitcoinFr34k
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September 23, 2014, 12:48:40 PM
 #1310



Prices dropped AGAIN! Start mining at $14.99 per Mh/s


Vote for next week's coin additions! https://apps.facebook.com/my-polls/coinpoll



just wanted to quote this, why is the price of 1 MHS on your website $ 17.99
Marco Krohn (GM)
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September 23, 2014, 12:55:30 PM
 #1311

just wanted to quote this, why is the price of 1 MHS on your website $ 17.99

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

Lowest scrypt price is $14.99 per MH/s if you purchase 100 MH/s.
Lowest price you can buy scrypt hashpower for is $17.99 for 1 MH/s.

Hope this helps.

Best regards,
  Marco (mk)
BitcoinFr34k
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September 23, 2014, 01:01:11 PM
 #1312

just wanted to quote this, why is the price of 1 MHS on your website $ 17.99

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

Lowest scrypt price is $14.99 per MH/s if you purchase 100 MH/s.
Lowest price you can buy scrypt hashpower for is $17.99 for 1 MH/s.

Hope this helps.

Best regards,
  Marco (mk)
I guess not everyone can afford to buy 100 MHS and that includes me
should explain in more detail in OP
IanFoxley
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September 23, 2014, 01:03:43 PM
 #1313

Short Update:

The affiliate system should work correctly again and all missing hashrate was credited. Sorry for the inconvenience.


Thanks I did notice the change in the hash power but it seems a tedious task to go through all those mails (some unique and more duplicate) and verify the total hash power awarded. I trust GM and hope it was all added up correctly.

Our IT team decided to start with a clean state. Thus, they rebuild all affiliate contracts from the beginning. Unfortunately, this approach caused duplicate emails (thus you received unique and duplicate ones). Sorry for the duplicate emails, but this way we are sure to be at the correct state. In case affiliate contracts are not correctly showing up, please let us know and we will have a look at it.

Thank you for your trust Smiley

Best regards,
  Marco (mk)


Thanks for the explanation MK Smiley

IanFoxley
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September 23, 2014, 03:24:15 PM
 #1314

Video of Day number 9 of my continuing quest to reach ROI is now up.

http://youtu.be/C9x6plc_ibE

Ian.


ZorroPai
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September 23, 2014, 07:26:20 PM
 #1315

Hello everybody,

I try to keep it simple and want to get only Bitcoins.
Therefore I use the Bitcoin (Auto) mode.

Can I chuse an other or some other coins and get paid in Bitcoins in spite of that?

Now the allocation of my hashpower is done by GM.
Can I predifine the allocation myself and get the corresponding Bitcoins?

As I read, I would nead for each coin a specific public adress to get paid if I allocate my hashpower.
Am I right?

Please use my Affiliate-Code to get a discount of 2.5%: RpijYv  Smiley

Thank you.

Here is the most customerfriendly faucetrotator: TinaRotator.com
Buy BTC, ETH, Dash and LTC @ BitPanda.com
Mike18feb
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September 23, 2014, 09:11:41 PM
 #1316

Hi ZorroPai,

if you want to receive Bitcoin only then you can only choose BTC (AUTO). Or you can choose a SHA hashrate contract of course Wink

You can not mine Litecoin or Dogecoin or any other coin and get payment in Bitcoin. You will have to trade those coins yourself then.
If you mine a specific coin then you will need a wallet for that coin otherwise GM cannot send the coins to you.

<||=||>  Rule #1a: Never invest more then you can afford to lose. <||=||>  Rule #1b: Never invest all you can afford to lose. <||=||> 
............. Whenever someone idly claims a scam, a Bitcoin somewhere dies .............
Marco Krohn (GM)
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September 24, 2014, 12:01:38 AM
 #1317

The (Auto) next to the coins means that they mine all the profitable scrypt coins and then convert those at the end of each day mined to the coin that you have chosen.

Auto BTC means profitable scrypt coins traded to BTC
Auto DRK means profitable scrypt coins traded to DRK for example.

All of the other coins you are mining directly, as if you were mining on a specific coins pool, except Blackcoin (BC), which has hashpower from Genesis Mining hashing away at the official Blackcoin Pool.

Hope this explains a little bit more and if anyone else wants to add anything or say..No, Ian, No, you messed up and explained it all wrong, feel free to add.

100% correct.

Going forward we would like to make the mining allocation page clearer and better explain the meaning of Auto. Thanks for the explanation Ian!

Cheers,
  Marco
wonko
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September 24, 2014, 01:52:41 AM
 #1318

Has anyone gotten their ROI with genesis-mining yet?
elrugrim
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September 24, 2014, 02:45:31 AM
 #1319

Not yet.. but for me, GM isn't about going for an instant ROI.  It's letting me stock away some coins that I have a speculative interest in.   I might kinda bounce between Mega and Dark myself.
pravin
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September 24, 2014, 05:06:10 AM
 #1320

but i have more chip lifetime cloud bitcoin mining contracts at 10GH/S at 9.95$

here http://gawminers.go2cloud.org/aff_c?offer_id=34&aff_id=674&file_id=250


and 160MH at 920$ for 1 year... here  http://ltcgear.com/?apage=175
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