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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381985 times)
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katak
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October 07, 2014, 11:59:45 AM
 #1561

I'm saying my payouts based on auto-btc are decreasing of 10% every day... that's all folks! Smiley
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23rth
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October 07, 2014, 12:57:26 PM
 #1562

I'm saying my payouts based on auto-btc are decreasing of 10% every day... that's all folks! Smiley

Yes, that´s seems to be right.

Same with my auto-btc
Mike18feb
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October 07, 2014, 05:03:25 PM
 #1563

Just some of my crazy thoughts:
Value of BTC dropped, which has an effect. But that is only part of the truth. I was busy trading Megacoin (are there other coins Tongue), and while Bitcoin was dropping in dollar value like mad, Megacoin was gaining in Bitcoin value. So, in theory, if the most profitable coin for that day had been set to Megacoin, payouts in BTC should have gone up. Seems logical, right?! So, why didn't GM point their hashrate towards Megacoin?! Because there's more things to consider.
One such thing, if you have 10TH/s of Scrypt power and you point it all at Megacoin, difficulty would go bonkers! Kimoto Gravity Well would kick in on universal level and end the coin harvesting festival completely within one or two blocks. You will waste tons of energy on KGW instead of mining. Byebye profit. And suppose you would get a load of coins, where to go with them and who would buy that many?! You'd dump them on the market and brutally murder the price. Byebye profit.
You would have to consider this when mining the most profitable coin. and this is just one aspect. The whole concept of "mining the most profitable coin" is an incredible puzzle, with a thousand pieces, and only a few minutes to figure out which next piece should go where. That details of course are kept secret, and those that find out will be killed in their sleep.

Also, and this is rather important, I'm saying Megacoin here, but really, picture almost any other coin here. THIS is the real issue of coin value. There are so many of them that buying power is scattered all over the place and none have true buying power supporting them. This means that the most profitable coin is more or less a ghost. As soon as you've found it... it vanishes into thin air again due to selling pressure with virtually no buying support. Nearly all coins are push-overs. Point a finger at them and they cave in. The more coins there will be, the worse this will get. Any coin about to rise above others will be swamped, and killed almost instantly, by sellers. So... the margins for the most profitable coin are rather thin. Take small steps only...

How to fix? Well, improve the whole coin choosing concept, or stick to truly powerful coins only, or add ALL available coins to the pool so you have more to choose from. Or...

---

Unfortunately I'm tired and too slow. More later. or not. But someone else may step in also and share a few thoughts of the how and why

<||=||>  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 .............
IanFoxley
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October 07, 2014, 08:27:35 PM
 #1564

Day 23 Video is up.

http://youtu.be/idGsEtqjnck

Ian

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October 07, 2014, 09:00:44 PM
 #1565

My payout for the last few days in DOGE just for comparison data  Smiley

10/4) 3172 DOGE
10/5) 2592 DOGE
10/6) 2286 DOGE
10/7) 1684 DOGE.
IanFoxley
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October 08, 2014, 04:32:26 AM
 #1566

My payout for the last few days in DOGE just for comparison data  Smiley

10/4) 3172 DOGE
10/5) 2592 DOGE
10/6) 2286 DOGE
10/7) 1684 DOGE.


Thanks for these, how much MH are these based on?

Ian

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October 08, 2014, 05:18:46 AM
 #1567

My payout for the last few days in DOGE just for comparison data  Smiley

10/4) 3172 DOGE
10/5) 2592 DOGE
10/6) 2286 DOGE
10/7) 1684 DOGE.


Thanks for these, how much MH are these based on?

Ian
This is running on 10 MHs
ZorroPai
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October 08, 2014, 07:31:36 AM
 #1568

Please can someone update my Aktivity level?

Thank you,  Wink
Zorro

Here is the most customerfriendly faucetrotator: TinaRotator.com
Buy BTC, ETH, Dash and LTC @ BitPanda.com
IanFoxley
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October 08, 2014, 08:36:57 AM
 #1569



If you mean the number on the left of the screen, I think that means you have to post more and take part in more conversations I think.

Ian

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October 08, 2014, 09:07:11 AM
 #1570

Please can someone update my Aktivity level?

Thank you,  Wink
Zorro

off course, post your request here https://bitcointalk.org/index.php?topic=178608.0
or alternatively just read how activity works on bitcointalk Wink
tylerderden
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October 08, 2014, 01:12:08 PM
 #1571

I'm saying my payouts based on auto-btc are decreasing of 10% every day... that's all folks! Smiley

yeah this is getting ugly real quick.
Deadstock
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October 08, 2014, 06:04:47 PM
 #1572

My payout for the last few days in DOGE just for comparison data  Smiley
@10MHs
10/4) 3172 DOGE
10/5) 2592 DOGE
10/6) 2286 DOGE
10/7) 1684 DOGE.
10/8) 2091 DOGE
Zeta0S
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October 08, 2014, 06:59:08 PM
 #1573

My payout for the last few days in DOGE just for comparison data  Smiley
@10MHs
10/4) 3172 DOGE
10/5) 2592 DOGE
10/6) 2286 DOGE
10/7) 1684 DOGE.
10/8) 2091 DOGE

Megacoin seems more profitable

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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October 08, 2014, 07:08:44 PM
 #1574

Day 24 Video is up now.
http://youtu.be/aik4063wbOY

Ian

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October 09, 2014, 02:10:11 PM
 #1575

The new coin poll is live at https://apps.facebook.com/my-polls/coinpoll

Vote the next currency to add!


MYRIADCOIN Please!

Scrypt $5/MH, FASTEST ROI see my profile for disc!
IanFoxley
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October 09, 2014, 02:42:38 PM
 #1576

The new coin poll is live at https://apps.facebook.com/my-polls/coinpoll

Vote the next currency to add!


MYRIADCOIN Please!

That facebook poll is abit old now!

Zeta0S
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October 09, 2014, 03:05:51 PM
 #1577

The new coin poll is live at https://apps.facebook.com/my-polls/coinpoll

Vote the next currency to add!


MYRIADCOIN Please!
No, no, no you mean Murraycoin (MRY) This one it in the top 5 Profitability vs. Bitcoin for weeks now.
Whit only 60 MegaHash  you get around $45.93

MYRIADCOIN will do only $3.73 whit the same 60 Megahash.

Proof its profitable for weeks




Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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October 09, 2014, 03:21:43 PM
 #1578

The new coin poll is live at https://apps.facebook.com/my-polls/coinpoll

Vote the next currency to add!


MYRIADCOIN Please!
No, no, no you mean Murraycoin (MRY) This one it in the top 5 Profitability vs. Bitcoin for weeks now.
Whit only 60 MegaHash  you get around $45.93

MYRIADCOIN will do only $3.73 whit the same 60 Megahash.

Proof its profitable for weeks


Nice, if I was mining murraycoin,  I would be getting 65 USD a day at the moment...

crawler
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October 09, 2014, 05:52:42 PM
 #1579

May be i am little pessimistic...
20MHs contract

01.10.2014      BTC      0.00801790

vs.

08.10.2014      BTC      0.00451441

If dropping continues, we´ll be fucked up...  Sad

My Genesis Mining promo Code is unavailable Wink
Wintermute
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October 09, 2014, 07:10:58 PM
 #1580

Seems all altcoins are going south at the moment:

http://clevermining.com/profits

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