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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381955 times)
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galdur
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December 16, 2014, 11:06:14 PM
 #2081

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

Useless hanging over what turned stale long ago.

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siampumpkin
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Deposit Coins Here: 1966t6QsG2kTxYvJxb8zjWxCj3qpw2


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December 17, 2014, 02:38:44 AM
 #2082

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

Jelks
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December 17, 2014, 11:45:48 AM
 #2083

I don't understand what people are complaining about here.

I am mining Unobtanium (UNO) at GM.  I am also mining it on my local mining gear with miningpools.co.  The two are pretty much on parallel, with GM slightly exceeding miningpools.co in terms of payout.  But pretty much the same.

So you're complaining about ROI?  

Have you considered the possibility that it's mining whatever particular coin you've chosen?

I really don't get it. If you've got CocaCola stock say at E*trade and CocaCola goes down, do you blame E*trade for lack of ROI?

I mean really?

Get over it.  If you don't like GM, please move on, but please don't fault their "lack of ROI" on them.  There are lots of mining farms out there, and lots of coins.

Choose wisely.

PS. I don't understand why these strike-outs appear in my posts.  I certainly didn't put them there, nor were they visible when I went to edit my message.

Pilotseye
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December 17, 2014, 02:12:03 PM
 #2084

@Jelks look for [ s] [/ s] in your post Wink
IanFoxley
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December 17, 2014, 08:19:50 PM
 #2085

Day 94 comparison of payments with Genesis Mining and GAW Miners Hashlets.

http://youtu.be/eluHFWpMSNo

Forum thread with payout history etc, can be found here
https://bitcointalk.org/index.php?topic=768931.msg9871143#msg9871143

Jelks
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December 18, 2014, 03:38:56 AM
 #2086

@Jelks look for [ s] [/ s] in your post Wink

Ahh, thank you!  I must try to remember this.  Here was the offending line that started that strike-out text:

Quote
Have you considered the possibility that it's mining whatever particular coin(s) you've chosen?

except that with the word "coin(s)" as above, it had brackets instead of parentheses around the "s".

Funny.  Gotta remember those tricky brackets!

Thanks again, Pilotseye.
Pilotseye
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December 18, 2014, 09:35:09 AM
 #2087

@Jelks look for [ s] [/ s] in your post Wink

Ahh, thank you!  I must try to remember this.  Here was the offending line that started that strike-out text:

Quote
Have you considered the possibility that it's mining whatever particular coin(s) you've chosen?

except that with the word "coin(s)" as above, it had brackets instead of parentheses around the "s".

Funny.  Gotta remember those tricky brackets!

Thanks again, Pilotseye.


You Are Welcome Smiley
TXTCLA55
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Ces't la vie baby.


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December 18, 2014, 05:11:41 PM
 #2088

I don't understand what people are complaining about here.

I am mining Unobtanium (UNO) at GM.  I am also mining it on my local mining gear with miningpools.co.  The two are pretty much on parallel, with GM slightly exceeding miningpools.co in terms of payout.  But pretty much the same.

So you're complaining about ROI?  

Have you considered the possibility that it's mining whatever particular coin you've chosen?


I agree. I've allocated some hash power over to Darkcoin on the off chance it makes a rebound. When I bough into GM I knew there was a fair chance I'd never see my investment returned in full, but mining is a gamblers game anyways.

Sincera
-TXT
IanFoxley
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December 18, 2014, 09:43:40 PM
 #2089

Day 95 Comparison Video can be found here

http://youtu.be/B3fYF0OVB-U

My thread with history of payouts from day one can be found here.
https://bitcointalk.org/index.php?topic=768931.msg9871143#msg9871143

Zeta0S
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December 18, 2014, 09:56:34 PM
 #2090

Day 95 Comparison Video can be found here

http://youtu.be/B3fYF0OVB-U

My thread with history of payouts from day one can be found here.
https://bitcointalk.org/index.php?topic=768931.msg9871143#msg9871143
Thanks, love your video`s  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
kpitti
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December 18, 2014, 10:00:02 PM
 #2091

I think most of us know the risk of such investments, thats truely not gms "fault"

BUT

they sold contracts where they possibly knew that the customers wont ever roi, just in focus their own profit.
im not a maths prof, i trusted them and the community. they are not adding more coins or give us a goodie, what i see are just some posing posts/pictures

yes , id call that scam!


I would like to just add my real example. I put some money here in GM in June 08: 0,42910000BTC
.
.
.
As of today, December 18 I received: 0.21294324 BTC

This is pure fact how this works. You never ROI. Please do some calculation before you invest.
IanFoxley
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December 18, 2014, 10:06:32 PM
 #2092

Day 95 Comparison Video can be found here

http://youtu.be/B3fYF0OVB-U

My thread with history of payouts from day one can be found here.
https://bitcointalk.org/index.php?topic=768931.msg9871143#msg9871143
Thanks, love your video`s  Smiley


That's nice, you must be the only one these days, my viewing figures are like the payouts, going down and down LOL...You might be the only viewer left soon...

TXTCLA55
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Ces't la vie baby.


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December 18, 2014, 10:31:46 PM
 #2093

I think most of us know the risk of such investments, thats truely not gms "fault"

BUT

they sold contracts where they possibly knew that the customers wont ever roi, just in focus their own profit.
im not a maths prof, i trusted them and the community. they are not adding more coins or give us a goodie, what i see are just some posing posts/pictures

yes , id call that scam!


I would like to just add my real example. I put some money here in GM in June 08: 0,42910000BTC
.
.
.
As of today, December 18 I received: 0.21294324 BTC

This is pure fact how this works. You never ROI. Please do some calculation before you invest.

I have almost the numbers, about 43% recovered. The only way I think I'll see an ROI is when (if ever) BTC jumps WAY up and I can sell...but the current downtrend isn't promising. Sad

Sincera
-TXT
crawler
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December 18, 2014, 11:07:04 PM
 #2094

I think most of us know the risk of such investments, thats truely not gms "fault"

BUT

they sold contracts where they possibly knew that the customers wont ever roi, just in focus their own profit.
im not a maths prof, i trusted them and the community. they are not adding more coins or give us a goodie, what i see are just some posing posts/pictures

yes , id call that scam!


I would like to just add my real example. I put some money here in GM in June 08: 0,42910000BTC
.
.
.
As of today, December 18 I received: 0.21294324 BTC

This is pure fact how this works. You never ROI. Please do some calculation before you invest.

We all have had a roi in sight in the days when we invested. today things look different :/
with 20mh scrypt payouts are lower then few month ago with a ONE MH.......

yes, altcoins are down. fees eat the rest. today i received 0.00072 btc / 20MH

maybe SHA256 contracts could possibly roi (if exchange rate rises. fees are too high, i remeber sth around 50% ?! so what...   s...)

My Genesis Mining promo Code is unavailable Wink
Wintermute
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December 18, 2014, 11:43:02 PM
 #2095

I'm really happy with GM. I just can't understand one thing... Difficulty is decreasing... and my payouts are decreasing too (SHA256). Why ??

The reason for this is the drop in BTC price. That means that the maintenance fee eats more of the mining output. If the BTC price is stable and difficulty drops payouts should increase (*).

(*) "should" because there is a little bit of fluctuation in the pool payouts (aka "luck")
IanFoxley
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December 19, 2014, 06:01:36 AM
 #2096

I'm really happy with GM. I just can't understand one thing... Difficulty is decreasing... and my payouts are decreasing too (SHA256). Why ??

The reason for this is the drop in BTC price. That means that the maintenance fee eats more of the mining output. If the BTC price is stable and difficulty drops payouts should increase (*).

(*) "should" because there is a little bit of fluctuation in the pool payouts (aka "luck")

GM's SHA 256 payouts aren't too bad really, they had a higher SHA 256 payout yesterday than a competitor and yet the competitor was 15GH/s and not 10GH/s.

Ian

Jelks
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December 19, 2014, 10:39:15 AM
 #2097

I would like to just add my real example. I put some money here in GM in June 08: 0,42910000BTC

As of today, December 18 I received: 0.21294324 BTC

This is pure fact how this works. You never ROI. Please do some calculation before you invest.

You can't ROI when your "I" is bad -- at least as a *short* term investment.

Right now, Bitcoin miners are creating 3,600 new coins every DAY!  That makes the Fed's paper fiat look like gold in comparison!  Yeah, Bitcoin adoption is growing astronomically, but that doesn't matter -- 3,600 new coins per day is just way too inflationary right now.  The mining production will halve in 2016 to 1,800 coins per day.  Not exactly awesome, but better.  And in 2020 it halves again, only 900 new BTC per day.  With the 800-pound gorilla status that Bitcoin enjoys, that might prove sustainable.  And then it will continue to get rarer and rarer, and thus better and better.

I think if you just don't think about your "R" on your "I" coming in the next several months (years?), I think that you *can* and *will* ROI.  That 0.212 BTC could be worth a considerable amount of money 10 years from now (after several halvings of new mining production).  Can you wait that long?

The guy who bought a pizza back in 2010 for for 10,000 BTC probably thought he would "never ROI" either.  Wonder what he thinks today.  I sure hope it was the best pizza he ever had or ever will have.

I think 2013 was a bad year in terms of giving many newcomers a false hope of quick riches in the crypto world.

Personally, I only use Bitcoin for transactions at this point in time.  Need to send someone some money now?  Easy, I just deposit fiat online into my Coinbase account -- at whatever the then USD/BTC rate is, I don't care -- and transfer that BTC to the person.  Beats the heck out of wire transfers, Paypal, sending checks through the mail, etc.

But I don't keep a *store* of Bitcoin, either at Coinbase or in an offline wallet.  Too inflationary for me at the moment.  I only mine -- and buy -- Unobtanium (UNO).  Only 250,000 UNOs will *ever* be created (as opposed to, what is it? BTC's 21,000,000?).  And instead of 3,600 new BTCs a day, only 15 new UNOs a day are currently being mined (and that's going to halve twice in 2015!!!).

And even with mining UNO, I don't expect to get rich overnight or even "ROI" in the next 6 months (UNO is way under the radar, but with a solid, enthusiastic community).  I'm looking to 6 to 12 years out (and I'm already old).

I may be wrong, but I think that having a store of Bitcoin in the future will be good.  But I just don't have that feeling for it at this particular moment.

And nobody can (or *should*) blame GM for any "lack of ROI" within a 6-month timeframe.  It's the coin you choose (hopefully wisely), *and* the time frame you have patience for.  That's all it is, period.  Don't blame GM.

I am mining Unobtanium on my own mining gear (currently, I may sell the gear and switch *completely* to GM), and I'm mining it at GM -- which meets or often exceeds my own mining gear!

ROI is not GM-dependent.  It's homework, coin, and patience-dependent.

So kudos to Genesis-Mining!

And do your homework, be smart, and be patient!

Jelks
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December 19, 2014, 11:56:48 AM
 #2098

cryptodouble.com will double your coins in just 100 hours! 200+ different types of cryptocurrency are available! welcome!

You're spamming here too?

I notice you never replied to cryptapus' query in the Unobtanium forum to your same post you wrote here above...

https://bitcointalk.org/index.php?topic=527500.msg9883155#msg9883155

Actually, I see now you post here under the name "async24".  Whereas in the Unobtanium forum you're "gsmon".  But the content/text is identical.

You really think we're going to fall for this stuff?

Good luck.  Hope you get some suckers.
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Unobtanium: Rare, Fair, Vetted.


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December 19, 2014, 12:14:48 PM
 #2099

I would like to just add my real example. I put some money here in GM in June 08: 0,42910000BTC

As of today, December 18 I received: 0.21294324 BTC

This is pure fact how this works. You never ROI. Please do some calculation before you invest.


The guy who bought a pizza back in 2010 for for 10,000 BTC probably thought he would "never ROI" either.  Wonder what he thinks today.  I sure hope it was the best pizza he ever had or ever will have.

...

And even with mining UNO, I don't expect to get rich overnight or even "ROI" in the next 6 months (UNO is way under the radar, but with a solid, enthusiastic community).  I'm looking to 6 to 12 years out (and I'm already old).
...

So kudos to Genesis-Mining!

And do your homework, be smart, and be patient!


Right on, Jelks.  
Lol--I wonder what ever happened to that guy who sold the pizza.  Did he dump 10k btc on Gox for $20, or is he now retired on a Polynesian Island in the Pacific. Sometimes a little patience can yield a big pay off.

I also like mining the rare Uno at Genesis. I think it will do well in 2015.

galdur
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December 19, 2014, 12:25:41 PM
 #2100

So, how much UNO does GM yield per say 20 GHS ?

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