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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381344 times)
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Marco Krohn (GM)
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January 11, 2015, 12:05:43 AM
 #2261

Our IT team is telling me that payouts are being processed now. Within the next few hours everything should hopefully be on track again!

Sorry for the inconvenience.

Best regards,
  Marco
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January 11, 2015, 07:52:08 AM
 #2262

Hey All,

We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.

Thank you for your patience.

Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment
because transaction fee high so if payment set every 7 days that will be cool



That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout.

Icon


For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts.

Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet.

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January 11, 2015, 03:41:41 PM
 #2263

Hey All,

We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.

Thank you for your patience.

Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment
because transaction fee high so if payment set every 7 days that will be cool



That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout.

Icon


For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts.

Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet.
How many Mh/s do you have?

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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January 11, 2015, 04:06:11 PM
 #2264

Hey All,

We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.

Thank you for your patience.

Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment
because transaction fee high so if payment set every 7 days that will be cool



That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout.

Icon


For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts.

Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet.
How many Mh/s do you have?

For my Youtube account I have 1 MH/s scrypt and basically the payouts have been displayed as 0.00000000 for ages. The problem is, that there is a minimum, but it seems that it has to be over that minimum on a payout day for you to actually receive it.

The minimum is 5400 satoshi....so if my payout is less than that I just get a 0.00000000 and a box telling me my payout didn't reach the minimum.. Now the problem is this.

If I get on one day 4000 satoshi and on another day 3000, I do not get anything sent to me, but, if you added those two together I would have more than the minimum, but it still does not get sent to me because on any of the days, I had less than the minimum, so what the post is saying is that, if the payout is still less than the minimum for weeks and weeks, he might have got over 100 000 satoshi and still it has not been sent to him, so if payouts were for example for those on 1MH/s, once every 3 days, so your 3 day payout was like for example 9000, then they would get it sent to them, as it was over the minimum...

That is how I see it anyway.

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January 11, 2015, 04:19:06 PM
 #2265

Yep, I have .00088 and .00072 LTC and the minimum payout is .001

So it´s just added to my account. Why it isn´t simply paid out once
the balance is over the minimum is beyond me.

Same with VIA, account .046 minimum .035

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January 11, 2015, 04:32:54 PM
 #2266

So, now I have 30% RDD, 30 DOGE and 40 LTC.

4 MH/s

Payout

RDD     33.68832963

DOGE  6.85186365

LTC     0.00000000  0.00072914 added to account

Impressive, huh ?  Cry




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January 11, 2015, 04:43:51 PM
 #2267

Our IT team is telling me that payouts are being processed now. Within the next few hours everything should hopefully be on track again!

Sorry for the inconvenience.

Best regards,
  Marco


Confirmed, payments have resumed. Thanks for the update!



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Glucose
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January 11, 2015, 07:20:23 PM
 #2268

Hey All,

We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.

Thank you for your patience.

Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment
because transaction fee high so if payment set every 7 days that will be cool



That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout.

Icon


For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts.

Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet.
How many Mh/s do you have?

For my Youtube account I have 1 MH/s scrypt and basically the payouts have been displayed as 0.00000000 for ages. The problem is, that there is a minimum, but it seems that it has to be over that minimum on a payout day for you to actually receive it.

The minimum is 5400 satoshi....so if my payout is less than that I just get a 0.00000000 and a box telling me my payout didn't reach the minimum.. Now the problem is this.

If I get on one day 4000 satoshi and on another day 3000, I do not get anything sent to me, but, if you added those two together I would have more than the minimum, but it still does not get sent to me because on any of the days, I had less than the minimum, so what the post is saying is that, if the payout is still less than the minimum for weeks and weeks, he might have got over 100 000 satoshi and still it has not been sent to him, so if payouts were for example for those on 1MH/s, once every 3 days, so your 3 day payout was like for example 9000, then they would get it sent to them, as it was over the minimum...

That is how I see it anyway.

Exactly. And I think it's a problem... GM should send it after it reach 5400 if you addition it. It would be fair.

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January 11, 2015, 07:43:04 PM
 #2269

So, now I have 30% RDD, 30 DOGE and 40 LTC.

4 MH/s

Payout

RDD     33.68832963

DOGE  6.85186365

LTC     0.00000000  0.00072914 added to account

Impressive, huh ?  Cry





You need to start mining coins that come in their thousands ...like lottocoin hehe Smiley At least you wont have a problem with a minimum then. Smiley
Of course Lottocoin is not really worth a lot at the moment, 34 latoshis..at the moment.....sounds like something you get at starbucks...a Latoshi..lol

galdur
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January 11, 2015, 08:09:21 PM
 #2270

So, now I have 30% RDD, 30 DOGE and 40 LTC.

4 MH/s

Payout

RDD     33.68832963

DOGE  6.85186365

LTC     0.00000000  0.00072914 added to account

Impressive, huh ?  Cry





You need to start mining coins that come in their thousands ...like lottocoin hehe Smiley At least you wont have a problem with a minimum then. Smiley
Of course Lottocoin is not really worth a lot at the moment, 34 latoshis..at the moment.....sounds like something you get at starbucks...a Latoshi..lol

I paid .189 BTC for this last October and now they pay 7 DOGE and 34 RDD and god knows when they decide to pay the LTC. This is bloody insulting, that´s what is is.

flyingplows
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★Bitin.io★ - Instant Exchange


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January 11, 2015, 08:30:32 PM
 #2271

are there any plans to improve the service? i am sure nobody buys anything from them right now  Wink at least they did not run with the money but the ROI (or to be more precise NO ROI) is laughable... i mean they should return at least smth, like a part of investment and not just dusts Smiley
...and it used to be one of the best cloudmining... how low you can get these days...  Sad Wink

takkaros
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January 11, 2015, 09:24:50 PM
 #2272

I bought 30GH/s two days ago for testing purposes and I can't figure out if I am actually mining. I set it to 100% bitcoin mining since yesterday and my bitcoin balance is still 0. Shouldn't I have utleast a couple of satoshis by now in my balance?
IanFoxley
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January 11, 2015, 09:29:18 PM
 #2273

I bought 30GH/s two days ago for testing purposes and I can't figure out if I am actually mining. I set it to 100% bitcoin mining since yesterday and my bitcoin balance is still 0. Shouldn't I have utleast a couple of satoshis by now in my balance?

So you did not read or hear about the problem with delayed payouts then?

https://bitcointalk.org/index.php?topic=602022.msg10101258#msg10101258

That is probably why you have not had a payout yet.

takkaros
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January 11, 2015, 09:59:27 PM
 #2274

I bought 30GH/s two days ago for testing purposes and I can't figure out if I am actually mining. I set it to 100% bitcoin mining since yesterday and my bitcoin balance is still 0. Shouldn't I have utleast a couple of satoshis by now in my balance?

So you did not read or hear about the problem with delayed payouts then?

https://bitcointalk.org/index.php?topic=602022.msg10101258#msg10101258

That is probably why you have not had a payout yet.


I did read. What I am asking is if the mined balanced should be available to me for viewing somewhere.
tylerderden
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January 11, 2015, 10:28:22 PM
 #2275

let us mine on out own pool please. i seem to be able to do about a million times better on my own so lets get it done!

Just to give you an idea, the daily fees per MH/s at the moment due to the low price of BTC are taking around 16000-17000 sat from your payout each day.

Looking at multipool data from poolpicker. eu I can see the following.

Most pools are paying out ..before fees anything from 20948 satoshi (coinking) down to 14900 Satoshi (LTC Rabbit)

Cleverminings payout in the last 24 hours was 15400 satoshi so that would mean, that you wouldn't get a payout at all, if GM let you mine on Cleverpool, as the daily fee was more than their payout.

So if GM let you mine your own pool, you still are not going to get much anyway as once you detract the fee, it is going to be very similar or worse to what GM is paying out right now, so their Auto Trade function seems to function.

You have that advantage of being able to mine and not have it removed for electricity etc, you pay for that later, although I still do wonder what your home rigs electricity bill each month is. Most ASICs I see, have to have 1000W - 1500 W PSUs attached to them and that must cost a lot each day running at home, although that depends where you live I guess. I know where I live, if I was mining, I would end up paying more in electricity than I was mining which is why I decided to do Cloud Mining in the first place.


your assuming i use some random pool, i mine on a private pool that pays some days .01 per mhs. not to mention if i could point my hash to new launches i would make far more than any multipool out there. this is what people should be demanding, if you cant mine your own pool that you really dont own the hashrate and the only winner is the company taking all of your btc for fees. like i said before this is the end of cloud mining for me until i get the freedom to mine where i want.

pretty much you math and arguements for why things are how they are dont mean anything because your using examples of public multipools that pay alot less than private pools. the trick to private pools is to keep it small (under 500 mhs) so no we arent taking any new members.
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Seems I deinvested all my btc :(


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January 12, 2015, 01:17:31 AM
 #2276

Yep sorry all didn't know GM had a minimum payout.. lol guess i should had known payout < the xsfer fees = 0 payouts.. Ya i got all my hash set to ltc payouts atm, thinking of changing it to dogecoin and then convert to ltc on exchange..

Icon


Also how about giving all of us that use scrypt contracts free dogecoins to help off set our btc profits,  seeing its now a merged mine coin with any scrypt base coin.

Have a look at multipool.us they give free dogecoin with all there scrypt base coins..


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January 12, 2015, 07:31:47 AM
 #2277

let us mine on out own pool please. i seem to be able to do about a million times better on my own so lets get it done!

Just to give you an idea, the daily fees per MH/s at the moment due to the low price of BTC are taking around 16000-17000 sat from your payout each day.

Looking at multipool data from poolpicker. eu I can see the following.

Most pools are paying out ..before fees anything from 20948 satoshi (coinking) down to 14900 Satoshi (LTC Rabbit)

Cleverminings payout in the last 24 hours was 15400 satoshi so that would mean, that you wouldn't get a payout at all, if GM let you mine on Cleverpool, as the daily fee was more than their payout.

So if GM let you mine your own pool, you still are not going to get much anyway as once you detract the fee, it is going to be very similar or worse to what GM is paying out right now, so their Auto Trade function seems to function.

You have that advantage of being able to mine and not have it removed for electricity etc, you pay for that later, although I still do wonder what your home rigs electricity bill each month is. Most ASICs I see, have to have 1000W - 1500 W PSUs attached to them and that must cost a lot each day running at home, although that depends where you live I guess. I know where I live, if I was mining, I would end up paying more in electricity than I was mining which is why I decided to do Cloud Mining in the first place.

your assuming i use some random pool, i mine on a private pool that pays some days .01 per mhs. not to mention if i could point my hash to new launches i would make far more than any multipool out there. this is what people should be demanding, if you cant mine your own pool that you really dont own the hashrate and the only winner is the company taking all of your btc for fees. like i said before this is the end of cloud mining for me until i get the freedom to mine where i want.

pretty much you math and arguements for why things are how they are dont mean anything because your using examples of public multipools that pay alot less than private pools. the trick to private pools is to keep it small (under 500 mhs) so no we arent taking any new members.

Yes I was assuming you were using random pools Smiley I still try and catch a random coin launch now and again if I can, but with only one GPU, I do not get too much but when the coin hits an exchange it can be ok Smiley

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January 12, 2015, 07:51:10 AM
 #2278

Mining is taking a severe beating with the BTC/USD rate, and scrypt coins took a further plunge as well.

Just noticed SuchPool was halting f.i., and other pool operator are in the red as well. This year is likely to see many mining operations go bust...

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January 12, 2015, 11:19:34 AM
 #2279

Mining is taking a severe beating with the BTC/USD rate, and scrypt coins took a further plunge as well.

Just noticed SuchPool was halting f.i., and other pool operator are in the red as well. This year is likely to see many mining operations go bust...

Well, when production capacity (difficulty) constantly increases at an exponential rate while the price of product constantly plunges I guess over time it becomes a question of which dries up first, the supply of buyers of the product or bankers to finance the production.

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January 12, 2015, 10:18:03 PM
 #2280

Hi GM,

I have two contracts;

First contract is 2MH/s paid for with bitcoin.
Second contract is 7.5MH/s paid with creditcard.

First contract has had no payouts in 3 three days, the earnings were

09-01     0.0003292
10-01     0.0001771
11-01     0.0002321

All with the notification of 'added to your balance'. This adds up to 0.00007384. There are more streaks like this (i.e. the thrid till the seventh).

The payout threshold is 0.0000543, how come there was no payout on the 11th, as the balance exceeded the minimum payout threshold?


Regarding the second contract, the 30 day hold on the payout cleared and I was payed out the tenth, whilst the mining day is on the 8th? Also, this balance is still visible under pending orders, along with new earnings.

I expected the payout of the combined contracts after the 10th, so the minimum payout threshold would be reached every day.


I know there are some troubles with payouts sinds the new software, is this related and is there a (ballpark) guess when everything will be back to normal?

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