Bitcoin Forum
March 19, 2024, 02:40:12 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 249 »
  Print  
Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 400007 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
Wintermute
Full Member
***
Offline Offline

Activity: 178
Merit: 100


View Profile
June 01, 2014, 08:13:17 PM
 #141

I would also be much more inclined to increase my investment if GM would make a firm commitment to proportionally increase the hashpower of existing customers if and when you drop the prices for new contracts.  You did exactly that on May 15th, which seems to me a very good way to keep your customers loyal, and if I could be sure that this was company policy, not just a one-off, I would be buying new contracts now.

I imagine that is hard to do for economic reasons. For example, let us say they can sell the hardware at 14 cents, and buy at 10 cents. If you buy a contract they need to buy the hardware, i.e., they make a margin of 4 cents (but need to pay for electricity, maintenance, IT, support etc). So let's say this leaves a profit of 1 cent.

Now six months later, hardware prices drop to 5 cents (just to give an example). They will have to sell contracts for 7 cents by then (because of competition). They simply cannot compensate from their profit to upgrade old users to the new prices (at least to the same extent). However, old users were already mining for 6 months under lower difficulty, so they are partially compensated.

Mining is a risky game. Basically it is a bet on difficulty and price. If I have another 1000 Euro to invest I would again invest them in mining. Is it a safe bet? No, for sure not. It is a risky game that you have to enjoy. But so is buying BTC (if you bought at 1000$ you know what I mean Wink. In any case it is fun to mine different coins and to support the altcoin universe.
1710816012
Hero Member
*
Offline Offline

Posts: 1710816012

View Profile Personal Message (Offline)

Ignore
1710816012
Reply with quote  #2

1710816012
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1710816012
Hero Member
*
Offline Offline

Posts: 1710816012

View Profile Personal Message (Offline)

Ignore
1710816012
Reply with quote  #2

1710816012
Report to moderator
1710816012
Hero Member
*
Offline Offline

Posts: 1710816012

View Profile Personal Message (Offline)

Ignore
1710816012
Reply with quote  #2

1710816012
Report to moderator
aasl
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
June 01, 2014, 11:38:58 PM
 #142

I would also be much more inclined to increase my investment if GM would make a firm commitment to proportionally increase the hashpower of existing customers if and when you drop the prices for new contracts.  You did exactly that on May 15th, which seems to me a very good way to keep your customers loyal, and if I could be sure that this was company policy, not just a one-off, I would be buying new contracts now.

I imagine that is hard to do for economic reasons. For example, let us say they can sell the hardware at 14 cents, and buy at 10 cents. If you buy a contract they need to buy the hardware, i.e., they make a margin of 4 cents (but need to pay for electricity, maintenance, IT, support etc). So let's say this leaves a profit of 1 cent.

Now six months later, hardware prices drop to 5 cents (just to give an example). They will have to sell contracts for 7 cents by then (because of competition). They simply cannot compensate from their profit to upgrade old users to the new prices (at least to the same extent). However, old users were already mining for 6 months under lower difficulty, so they are partially compensated.

Mining is a risky game. Basically it is a bet on difficulty and price. If I have another 1000 Euro to invest I would again invest them in mining. Is it a safe bet? No, for sure not. It is a risky game that you have to enjoy. But so is buying BTC (if you bought at 1000$ you know what I mean Wink. In any case it is fun to mine different coins and to support the altcoin universe.

bitcoin and altcoins are not stable yet. it is still a high-risk business.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
ranlo
Legendary
*
Offline Offline

Activity: 1974
Merit: 1007



View Profile
June 02, 2014, 02:15:14 AM
 #143

I would also be much more inclined to increase my investment if GM would make a firm commitment to proportionally increase the hashpower of existing customers if and when you drop the prices for new contracts.  You did exactly that on May 15th, which seems to me a very good way to keep your customers loyal, and if I could be sure that this was company policy, not just a one-off, I would be buying new contracts now.

I imagine that is hard to do for economic reasons. For example, let us say they can sell the hardware at 14 cents, and buy at 10 cents. If you buy a contract they need to buy the hardware, i.e., they make a margin of 4 cents (but need to pay for electricity, maintenance, IT, support etc). So let's say this leaves a profit of 1 cent.

Now six months later, hardware prices drop to 5 cents (just to give an example). They will have to sell contracts for 7 cents by then (because of competition). They simply cannot compensate from their profit to upgrade old users to the new prices (at least to the same extent). However, old users were already mining for 6 months under lower difficulty, so they are partially compensated.

Mining is a risky game. Basically it is a bet on difficulty and price. If I have another 1000 Euro to invest I would again invest them in mining. Is it a safe bet? No, for sure not. It is a risky game that you have to enjoy. But so is buying BTC (if you bought at 1000$ you know what I mean Wink. In any case it is fun to mine different coins and to support the altcoin universe.

bitcoin and altcoins are not stable yet. it is still a high-risk business.

As long as they continue offering more coins to choose from (and their multipool) I think it's a more safe bet than BTC mining though. It's still risky, but not nearly as much.

https://nanogames.io/i-bctalk-n/
Message for info on how to get kickbacks on sites like Nano (above) and CryptoPlay!
IanFoxley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
June 02, 2014, 05:26:28 AM
Last edit: June 02, 2014, 07:31:55 AM by IanFoxley
 #144

Don't forget that the Mega Promotion is still running.

Just enter MEGA in the "Promo Code?" text box when ordering some hashpower from Genesis-Mining and you will get a discount.

Now is a good time to buy.

Promotion ends soon, so get some Hashpower now Smiley .....

Also don't forget you can customise how much hashpower you want.

Select Custom from the drop down box and enter in how much you want in multiples of 1 MH/S
So if you want 5 MH/S, select Custom and type in 5.

Minimum you can have is 1 MH/S

jimmy2k
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
June 02, 2014, 10:15:48 AM
 #145

I would also be much more inclined to increase my investment if GM would make a firm commitment to proportionally increase the hashpower of existing customers if and when you drop the prices for new contracts.  You did exactly that on May 15th, which seems to me a very good way to keep your customers loyal, and if I could be sure that this was company policy, not just a one-off, I would be buying new contracts now.

I imagine that is hard to do for economic reasons. For example, let us say they can sell the hardware at 14 cents, and buy at 10 cents. If you buy a contract they need to buy the hardware, i.e., they make a margin of 4 cents (but need to pay for electricity, maintenance, IT, support etc). So let's say this leaves a profit of 1 cent.

Now six months later, hardware prices drop to 5 cents (just to give an example). They will have to sell contracts for 7 cents by then (because of competition). They simply cannot compensate from their profit to upgrade old users to the new prices (at least to the same extent). However, old users were already mining for 6 months under lower difficulty, so they are partially compensated.

Mining is a risky game. Basically it is a bet on difficulty and price. If I have another 1000 Euro to invest I would again invest them in mining. Is it a safe bet? No, for sure not. It is a risky game that you have to enjoy. But so is buying BTC (if you bought at 1000$ you know what I mean Wink. In any case it is fun to mine different coins and to support the altcoin universe.

bitcoin and altcoins are not stable yet. it is still a high-risk business.

As long as they continue offering more coins to choose from (and their multipool) I think it's a more safe bet than BTC mining though. It's still risky, but not nearly as much.


I totally agree with this! I have tested several cloud mining providers and also ordered lots of mining hardware and I have to say that if you take the bet on mining you are at the right address with GM. They are currently outperforming every other pure bitcoin cloud mining service with their AUTO(BTC) functionality and additionally let you mine various coins and open up the opportunity to take different bets on altcoins as well!
I think everbody will go crazy when they are adding DRK to their systems! There is a lot of buzz going on about this in the forums at the moment! Smiley
Hope they are not raising the prices afterwards!
Any comments on this?

Genesis-Mining (OP)
Sr. Member
****
Offline Offline

Activity: 430
Merit: 250


View Profile WWW
June 02, 2014, 10:45:30 AM
 #146

@Bonobo: Thank you for the effort of those huge tables and graphs. We think the scrypt-btc conversion rate will not fall forever, though we have no fancy graph for it. If we could predict the prices accurately - we already would be at our own islands in the carribean Wink But honestly, we do believe in strong scrypt coin prices in the future and good chances within the mining models, we would not be running this company if we didn't believe its giving back value and profit to also our customers!
I hope you are right.  My point is that, with the current rate of returns at an annual rate which would more than double the initial investment, it is tempting to let greed get the better of caution.  It is now clear to me that making a profit from mining, even with a good, honest service like Genesis Mining, is by no means a certainty.  I was about to double my investment until I crunched the numbers, but now I will hold back and see what happens for at least a month or two.  If the current down-trend in returns is short lived I will be back for more.  I would also be much more inclined to increase my investment if GM would make a firm commitment to proportionally increase the hashpower of existing customers if and when you drop the prices for new contracts.  You did exactly that on May 15th, which seems to me a very good way to keep your customers loyal, and if I could be sure that this was company policy, not just a one-off, I would be buying new contracts now.


Well, most important is the part "It is now clear to me that making a profit from mining, even with a good, honest service like Genesis Mining, is by no means a certainty"
We cannot guarantee the rate of return per M/hs per day at any point. As stated, it is simply impossible to say today what the coin prices will be like in a week or even tomorrow.‏

We DO guarantee stable hashpower and daily payouts along all our features we already implemented and will implement in the future.‏

In clear words:
Mining is gambling as all Investments and especially Investments related to bitcoin! You make a high risk bet with high expected returns, but no one can guarantee them. If you are looking for riskless profit, we cannot deliver. (And nobody can!)

If you want the most profitable mining contract right now, and expect reasonable coin prices, welcome, we are happy to have you as our customer!




Asides we take the chance to announce our upcoming affiliate program:

We will pick some of our satisfied and happy customers and also some of the people who are actively posting here and are engaged in Genesis Mining for longer time to create personalized promo codes for them!
If you win somebody to buy a contract with us using this personalized code, this will grant you 3% additional hashpower as well as 3% rebate on contracts for the customer you won!

This will be implemented within the next days! Stay tuned for that!

ellen_me
Full Member
***
Offline Offline

Activity: 158
Merit: 100


View Profile
June 02, 2014, 03:52:16 PM
 #147

No, it's not AnonCoin Smiley
For now, it's secret, but it will be great Wink

Awesome news out there:
We are BEST RATED at https://cloudmining.guru/wp/

I go through your link. Congratulation, you are at top with 7.2 rating. I have found that your price and profitability is 7 out of 10. It seems quite good.

Yes, good to see the rating for them is that high. Cheesy

IanFoxley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
June 02, 2014, 04:10:20 PM
 #148

No, it's not AnonCoin Smiley
For now, it's secret, but it will be great Wink

Awesome news out there:
We are BEST RATED at https://cloudmining.guru/wp/

I go through your link. Congratulation, you are at top with 7.2 rating. I have found that your price and profitability is 7 out of 10. It seems quite good.

Yes, good to see the rating for them is that high. Cheesy

I would have rated them higher to be honest.

Daniel007
Full Member
***
Offline Offline

Activity: 122
Merit: 100


View Profile
June 03, 2014, 09:08:07 AM
 #149

..."upcoming affiliate program" ... this sounds interesting. I sure gonna make use of it so maybe I can get some more hashpower for free Cheesy
Where have you found it?  If they really going to start such kind of program that would be interesting?

IanFoxley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
June 03, 2014, 12:19:19 PM
 #150

..."upcoming affiliate program" ... this sounds interesting. I sure gonna make use of it so maybe I can get some more hashpower for free Cheesy
Where have you found it?  If they really going to start such kind of program that would be interesting?

It is just a few posts up. It will be only for a select amount of people as well.

marife01
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
June 03, 2014, 01:30:24 PM
 #151

Just a FYI.

Those that have an account with GM, if you log in today, you will notice that you can now allocate some hashpower, if you want, to Megacoin.



You are fast Smiley

Yes, we have added MEGACOIN (MEC) today after the successful first user poll!

To celebrate the happening we opened a promotion!

You can now use the promotion code "MEGA" in your orders to get Diamond price (14c / kh/s) on all packages!
Simply use it in the order form to get the discount!

Just in time for the bday of Megacoin. Cheesy

Mining Megacoin as profitable as mining BTC? Thanks.

If you go to, for example, Coinwarz.com and check out the mining calculator for Megacoin, you can enter in your hashrates, don't forget to put zero in, for power cost, as with GM, you have already paid upfront for that in your contract and then you can easily work out, with current difficulty etc, what your profits might be, although of course, these can change over time as difficulty can go up and down.

I will include the link for you, to make it a little easier.

http://www.coinwarz.com/calculators/megacoin-mining-calculator

Thanks for sharing the link. Although Megacoin is not icluded on the list of most profitable coins to mine, it is still nice to know possible returns with this coin.
cyberpitstop
Sr. Member
****
Offline Offline

Activity: 370
Merit: 250


View Profile
June 03, 2014, 02:51:43 PM
 #152

Well I just came across Genesis-Mining while looking something up. It sounds very reasonable so after setting up my account and using code MEGA to score the best rate. Within minutes I was up and running it took a few minutes extra because of the BTC transaction confirmation. So here we go hashing with Genesis-Mining I'll post back my experience if anyone else is on the fence about doing it.
IanFoxley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
June 03, 2014, 03:07:36 PM
 #153

Well I just came across Genesis-Mining while looking something up. It sounds very reasonable so after setting up my account and using code MEGA to score the best rate. Within minutes I was up and running it took a few minutes extra because of the BTC transaction confirmation. So here we go hashing with Genesis-Mining I'll post back my experience if anyone else is on the fence about doing it.

Welcome and look forward to reading your experiences Smiley

monim1
Full Member
***
Offline Offline

Activity: 155
Merit: 100


View Profile
June 04, 2014, 10:06:13 AM
 #154

Well I just came across Genesis-Mining while looking something up. It sounds very reasonable so after setting up my account and using code MEGA to score the best rate. Within minutes I was up and running it took a few minutes extra because of the BTC transaction confirmation. So here we go hashing with Genesis-Mining I'll post back my experience if anyone else is on the fence about doing it.
It seems great news. I hope you will make profit with them. I a lot of people are making profit with them. I am also making profit with them. I hope soon you will also be able to share your success story.
IanFoxley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
June 04, 2014, 10:11:12 AM
 #155

Well I just came across Genesis-Mining while looking something up. It sounds very reasonable so after setting up my account and using code MEGA to score the best rate. Within minutes I was up and running it took a few minutes extra because of the BTC transaction confirmation. So here we go hashing with Genesis-Mining I'll post back my experience if anyone else is on the fence about doing it.
It seems great news. I hope you will make profit with them. I a lot of people are making profit with them. I am also making profit with them. I hope soon you will also be able to share your success story.

This is becoming, quite the little social group now.

So any idea what the next coin will be on the list?

I am hoping that it might be Darkcoin, but that is X11 algo and not Scrypt. Hmm

nemisan
Newbie
*
Offline Offline

Activity: 55
Merit: 0


View Profile
June 04, 2014, 11:17:51 AM
 #156

100 % the next coin is darkcoin  Kiss
Im a genesis member the service is good the profit too, en trusted peopel (hope fore a long time  Grin ).
But i have a probléme with the year contract, after a year you loose your investment,ok you have you ROI back en plus the profit but you loose you investment  Undecided.
The difference in script.cc you loose nothing you hold you investment + you profite en the ROI  Kiss no mather if the price of you khs is dumping to sell you have always you khs...

I have make mi choose, but genesis mining is niew en im a trusted member.

sorry fore mi badly english  Kiss
Wintermute
Full Member
***
Offline Offline

Activity: 178
Merit: 100


View Profile
June 04, 2014, 02:15:00 PM
 #157


But i have a probléme with the year contract, after a year you loose your investment,ok you have you ROI back en plus the profit but you loose you investment  Undecided.
The difference in script.cc you loose nothing you hold you investment + you profite en the ROI  Kiss no mather if the price of you khs is dumping to sell you have always you khs...

I wrote about it:

https://bitcointalk.org/index.php?topic=444495.msg7015493#msg7015493

The short story is that the scrypt.cc contract is way more expensive and the residual value of the contract is likely not worth it.


Example: GM is like renting a car for 100 USD for 10 years. Scrypt.cc allows you to have the rental contract forever and the contract is 200 USD. This basically comes down to the question whether you believe that your car is worth 100$ after one year (probably it won't).

Result: if the difficulty of scrypt hash rate will double (or more) over the next 12 months  it is far better to go with GM. This is a mathematical truth.

Decision tree:
1) do I believe that the hashrate will be twice as high (or higher) in one year from now ==> Genesis Mining
2) Scrypt.cc

I analyzed the change of hashrate over time and the market. It will not grow as fast as Bitcoin difficulty, but it is very likely that it will grow by way more than factor of two. That's why I bought a package at GM (and btw: I love their interface!).

Hope this helps!
nemisan
Newbie
*
Offline Offline

Activity: 55
Merit: 0


View Profile
June 04, 2014, 02:50:08 PM
 #158

Example: GM is like renting a car for 100 USD for 10 years. Scrypt.cc allows you to have the rental contract forever and the contract is 200 USD. This basically comes down to the question whether you believe that your car is worth 100$ after one year (probably it won't).

Ok but witch scrypt, i have my 200 en de cars after  Grin plus the profit i hade genarated i can pimp mi cars when i will  Kiss
martinnew
Full Member
***
Offline Offline

Activity: 153
Merit: 100


View Profile
June 04, 2014, 04:11:46 PM
 #159

..."upcoming affiliate program" ... this sounds interesting. I sure gonna make use of it so maybe I can get some more hashpower for free Cheesy

Definitely looking forward for this!  Cool
Mike18feb
Hero Member
*****
Offline Offline

Activity: 657
Merit: 500


MΣC


View Profile
June 04, 2014, 04:19:57 PM
 #160

Scrypt.CC has the advantage of being extremely flexible. What your hashrate will be worth after one year is not very interesting when your intention is not to sell but to keep on building. You can keep the hashrate indefinitely, so after a year you won't suddenly lose a few Mhs because some contract ends. Instead, you simply buy whatever you need daily/weekly/monthly to keep ahead of difficulty and withdraw if you have something left. Scrypt.CC offers you the opportunity to buy in small steps, as little as 1Khs steps. And that is a HUGE advantage over GM, especially for those with limited dollars to spent.

Of course keeping ahead of difficulty requires planning and keeping an eye on things and knowing when to invest and when not to. And prices are dictated by an open market, so it can go up and down wildly. Therefor, it's not for the average Joe who tosses in a bag of coins and expects more at the end. You can see those people run away from scrypt.cc almost daily.

So yeah, I like Scrypt.CC very much and I have invested there, just because I love the building aspect. In theory you can buy once and build up bigger/better/more forever.

But yeah, I've also invested in GM because of the ease of use, the good yield (though that will be diminishing over time, but very hard to estimate), AND the opportunity to mine specific coins.

And it's nice that I don't put all my money on just one (or two) horse(s) Smiley

<||=||>  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 .............
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 249 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!