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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 384096 times)
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IanFoxley
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December 16, 2014, 12:26:05 AM
 #2061

Dont know why all of you are complaining.

Its not GM fault. They deliver what they promise they point your hashing power to altcoins. GM has nothing to do with the exploding difficulty or declining prices. Look at other cloud mining providers they suck even more with payouts and if they give you a steady payout eventhough the market is weak you can be sure its a ponzi (e.g. PB mining).

I didnt bought Altcoin Mining Power because i knew this would happen. I am highly invested in Bitcoin Mining and so far i am all good the payouts are great. But if someday the payout or the price drops because market price or difficulty is shitty i wont blame Genesis Mining.

Everbody knew the risk genesis didnt promise you nothing.



This thread s obviously full of GM staff accounts. I have no other explanation for people who can defend this kind of ROI. So you basically agree there s no way anyone can make ROI with them but you say they are fine cause they never promised ROI, they promised only access to cloud mining gear and they deliver that. Well, that is correct, I have to agree with that.

What I would like to point out is why would anyone buy anything from GM anymore when it is obvious there is no way to reach ROI, not to mention profit. I should be happy cause I paid them to be able to experience cloud mining?HuhHuh?? If they can really base their business model on that, Nobel prize in economics should be reserved for them.

I am just upset by the stupidity of people. I am not in any way related to GM i give you my word i just use my ref link and have an account mining there.

People are just dump and still try to buy Altcoin cloud mining because gm is again out of stock. How stupid you can be? One look into this thread or one video of ian foxley would be enough to see no roi in the near future. I am just saying genesis mining is no ponzi like pb mining because they are acutally mining not like pb .

You dont blame your broker when the stock is soaring. You blame him when he doesnt buy the stock and the stock is going up. You pay him to buy the stock not make your work. Genesis Mining is payed to mine with your hashing power not to make you roi.


Thanks for mentioning my videos, I do try and help people see a realistic side to two cloud mining companies. I would have loved to have added more when I began, but unfortunately not.

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galdur
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December 16, 2014, 12:28:34 AM
 #2062

They were out of scrypt stock.

Reaction: Restock and lower price from $17/MH to $10.

They are again out of scrypt stock.

Coming reaction: Restock and lower price to $5.

Well, I guess that´s logical when you go out of stock

because of tanking sales.



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December 16, 2014, 12:36:38 AM
 #2063

Their SHA is becoming almost buyable.

It´s presently about .0021/GH, payout .00000980/GH/day.

Now; at .0015 it´d look pretty attractive to me.

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December 16, 2014, 06:22:57 AM
 #2064

well i got a question i "think" dogecoin is now merged mined with any scrypt base coin, so why cant we get doge along with our alt coin of the day.. fyi multipool.us is doing that right now with all the normal scrypt coins..

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December 16, 2014, 07:30:10 AM
 #2065

hello genesis-mining BOS

please make an option to allocate our sha-256 power to mine XPY

hope you can hear me Cheesy

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December 16, 2014, 08:09:12 AM
 #2066

hello genesis-mining BOS

please make an option to allocate our sha-256 power to mine XPY

hope you can hear me Cheesy

Haha.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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December 16, 2014, 10:19:19 AM
 #2067

I wouldn't even be salty about this if they just had a freaking market to trade Mh or Gh on so I can get out.

Damn near every other cloud mining service out there offers this, including AMHash which I am enjoying and actually making decent payouts from at the moment.

I agree it would be nice. I would be willing to sell at a good discount. Any takers?  Tongue

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December 16, 2014, 03:12:02 PM
 #2068

Well I got my payout on my measly 8 Mh today. It is up to .00042367 from yesterdays .00026291. Yipee Happy Days! Can anyone suggest another Scrypt coin to mine that Genesis has that would yield anything better?  Thanks.  Undecided

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IanFoxley
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December 16, 2014, 03:33:37 PM
 #2069

Well I got my payout on my measly 8 Mh today. It is up to .00042367 from yesterdays .00026291. Yipee Happy Days! Can anyone suggest another Scrypt coin to mine that Genesis has that would yield anything better?  Thanks.  Undecided

Have a look on Coinwarz and see what is profitable at a given time.. only problem is..it changes quite often sooooo ..it is quite hard doing this coin trading stuff sometimes..haha..

Or look at one of the coins and think if there is anything amazing and new that might happen to it soon, maybe a new feature they are adding etc, so you mine a few now and just hope that it have a little pump in the future and get out before the dump which is normally what happens,

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December 16, 2014, 03:45:40 PM
 #2070

Well I got my payout on my measly 8 Mh today. It is up to .00042367 from yesterdays .00026291. Yipee Happy Days! Can anyone suggest another Scrypt coin to mine that Genesis has that would yield anything better?  Thanks.  Undecided

Have a look on Coinwarz and see what is profitable at a given time.. only problem is..it changes quite often sooooo ..it is quite hard doing this coin trading stuff sometimes..haha..

Or look at one of the coins and think if there is anything amazing and new that might happen to it soon, maybe a new feature they are adding etc, so you mine a few now and just hope that it have a little pump in the future and get out before the dump which is normally what happens,


I'd stay away from those kind of coins. I have a little power allocated to Darkcoin as it usually makes rebounds and its been active for some time. I used to be in the coin day trading game, it was fun back when Mintpal was still around, but now its too slow and there's way too many coins to manage.

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IanFoxley
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December 16, 2014, 04:05:31 PM
 #2071

Well I got my payout on my measly 8 Mh today. It is up to .00042367 from yesterdays .00026291. Yipee Happy Days! Can anyone suggest another Scrypt coin to mine that Genesis has that would yield anything better?  Thanks.  Undecided

Have a look on Coinwarz and see what is profitable at a given time.. only problem is..it changes quite often sooooo ..it is quite hard doing this coin trading stuff sometimes..haha..

Or look at one of the coins and think if there is anything amazing and new that might happen to it soon, maybe a new feature they are adding etc, so you mine a few now and just hope that it have a little pump in the future and get out before the dump which is normally what happens,


I'd stay away from those kind of coins. I have a little power allocated to Darkcoin as it usually makes rebounds and its been active for some time. I used to be in the coin day trading game, it was fun back when Mintpal was still around, but now its too slow and there's way too many coins to manage.

Yay mintpal Smiley

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December 16, 2014, 04:07:24 PM
 #2072

Some good news for the sha256 miners:

Estimated Next Difficulty:    39,483,932,876 (-1.31%)
Adjust time:    After 88 Blocks, About 14.7 hours

 Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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December 16, 2014, 04:10:00 PM
 #2073

Some good news for the sha256 miners:

Estimated Next Difficulty:    39,483,932,876 (-1.31%)
Adjust time:    After 88 Blocks, About 14.7 hours

 Smiley

Well as BTC has gone down in value again today, probably means the payouts will stay the same after fees..

IanFoxley
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December 16, 2014, 09:37:25 PM
 #2074

Day 93 comparison of payments with Genesis Mining and GAW Miners Hashlets.

http://youtu.be/wqiNWYI9h7Y

Ian

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December 16, 2014, 10:03:50 PM
 #2075

I am just upset by the stupidity of people. I am not in any way related to GM i give you my word i just use my ref link and have an account mining there.

People are just dump and still try to buy Altcoin cloud mining because gm is again out of stock. How stupid you can be? One look into this thread or one video of ian foxley would be enough to see no roi in the near future. I am just saying genesis mining is no ponzi like pb mining because they are acutally mining not like pb .

You dont blame your broker when the stock is soaring. You blame him when he doesnt buy the stock and the stock is going up. You pay him to buy the stock not make your work. Genesis Mining is payed to mine with your hashing power not to make you roi.

I agree, be responsible for your own investment decision!

Only thing I am looking for is a market place for contracts. I think this is a reasonable request, though it will not magically change everything.

I agree with you on the market thing but what would it change no one is gonna pay you a good price for your hashpower because they know exactly what the payouts are at the moment.

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December 16, 2014, 10:25:44 PM
 #2076

I agree, be responsible for your own investment decision!

Only thing I am looking for is a market place for contracts. I think this is a reasonable request, though it will not magically change everything.

I agree with you on the market thing but what would it change no one is gonna pay you a good price for your hashpower because they know exactly what the payouts are at the moment.

Right. Of course, the market knows the "fair" value of the contract. It would be nice to have it, but it would not magically improve my investment.

Scrypt is not going too well and I did not expect that the scrypt hashrate would increase by such an amount - I am still wondering who invests in this massive amount of scrypt given the performance of Altcoins (and Bitcoin). Anyhow, sha gives me stable returns at the moment.
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December 16, 2014, 10:29:38 PM
 #2077

Well, there´s megatons of junk to mine and more being added

every day. At least some of it must be very lucrative to mine.

So, why does GM have this measly return ?

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December 16, 2014, 10:57:28 PM
 #2078

To be fair:

http://clevermining.com/profits
http://poolpicker.eu/table?algo=scrypt

All multi-pools have terrible payouts at the moment. Add weak BTC prices and maintenance fees to it and you will find that their payouts are correct.

Simple calculation:

Payout cleverming: 0.17 mBTC payout per MH/s
at $340 this means 5.78 cents
deduct 5 cents maintenace fees => 0.78 cents  => 0.02294117 mBTC
I received: 0.053 mBTC

Not that I am happy about the payouts, but they are according to my calculation correct (or: in line with market data). And if I would have invested in GAW or ZeusHash my payouts would be 0.0000 long time ago. At least GM reduced the maintenance fees from 8 cents to 5 cents.

My sha contract is going better, though this is mainly because the difficulty is perfectly stable for more than a month.



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December 16, 2014, 11:06:14 PM
 #2079

Obviously you need to mine the most recent junk most aggressively.

Useless hanging over what turned stale long ago.

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December 17, 2014, 02:38:44 AM
 #2080

Thanks for all the feedback everyone. I don't think it is going to make much difference for me right now so I will just keep the BTC and hope it goes up soon.  Cry

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