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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381349 times)
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niezam
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January 12, 2015, 11:42:33 PM
 #2281

I have contracts with GM too, would love to buy more power for mining BTC. I'm just afraid like what's happening with cex.io now.

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Taking into consideration our users’ interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.

http://blog.cex.io/cryptonews/cex-io-temporarily-suspends-cloud-mining-services/
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Ces't la vie baby.


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January 13, 2015, 12:38:56 AM
 #2282

Is it me or is the estimated next Bitcoin difficuly nose dived. Am I reading something wrong or is this because somebody huge has switched the off button?

**Massive image removed**


Damn that image was HUGE. On BTCWisdom its reading the next est. difficulty is at 45,499,870,788 a +3.48% increase from the current difficulty set at 43,971,662,056...so if any switches are being flipped, their now in the "on" position.

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January 13, 2015, 01:02:43 AM
 #2283

These guys estimate Next Difficulty Value:40980068248 -6.8%

Don´t know what´s up with that.

http://nextdifficulty.com/

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January 13, 2015, 01:07:28 AM
 #2284

I have contracts with GM too, would love to buy more power for mining BTC. I'm just afraid like what's happening with cex.io now.

Quote
Taking into consideration our users’ interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.

http://blog.cex.io/cryptonews/cex-io-temporarily-suspends-cloud-mining-services/

Hehe I just paid for lots of TH`s... and I`m planning on purchasing more. It really would be a shame to suspend the service for me Shocked
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January 13, 2015, 01:20:40 AM
 #2285

CEX the house of cards has unfolded
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January 13, 2015, 01:41:26 AM
 #2286

These guys estimate Next Difficulty Value:40980068248 -6.8%

Don´t know what´s up with that.

http://nextdifficulty.com/


Thats their opinion. 

Others think:

bitcoinwisdom.com   45467890567   3.4%
bitcoincharts.com   43502918462   -1.1%
cryptanalys.is   206666812   -99.5%
mining-profit.com   36496479506   -17%
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January 13, 2015, 01:47:46 AM
 #2287

I thought that it was all cast in stone by bullet-proof mathematical formulas out of some idiot-savant´s ass. And now it´s being interpreted all over the map. No wonder that what´s being mined constantly keeps tanking.

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Seems I deinvested all my btc :(


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January 13, 2015, 04:03:30 AM
 #2288

Well right after a difficulty change all the mining calculators are way off trying to readjust it takes a while to calculate the correct difficulty, like a rock in pond all those waves have to calm down  first Smiley

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January 13, 2015, 07:40:31 AM
 #2289

I thought that it was all cast in stone by bullet-proof mathematical formulas out of some idiot-savant´s ass. And now it´s being interpreted all over the map. No wonder that what´s being mined constantly keeps tanking.

That's why the re-target happens every couple of thousand blocks: over few blocks, randomness dominates, over many blocks, statistics do.

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January 13, 2015, 07:54:58 AM
 #2290

I thought that it was all cast in stone by bullet-proof mathematical formulas out of some idiot-savant´s ass. And now it´s being interpreted all over the map. No wonder that what´s being mined constantly keeps tanking.

That's why the re-target happens every couple of thousand blocks: over few blocks, randomness dominates, over many blocks, statistics do.

Yeah I guess. Nothing random about this chart tho. Consistent free-fall.


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January 13, 2015, 08:24:54 AM
 #2291

Yeah I guess. Nothing random about this chart tho. Consistent free-fall.

You're in 6m scale, statistics do dominate ;-)

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January 13, 2015, 08:28:10 AM
 #2292

Yeah I guess. Nothing random about this chart tho. Consistent free-fall.

You're in 6m scale, statistics do dominate ;-)

Yeah, but this chart is as bearish as bearish can be so chances are very good that we´ll be looking at basically the same chart in another six months.

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January 13, 2015, 09:30:10 AM
 #2293

Yeah, but this chart is as bearish as bearish can be so chances are very good that we´ll be looking at basically the same chart in another six months.
Quite possibly until the next halving in 2016 actually, the USD is on a bull run, and will likely be for some time.
Might come right on time for the next global crisis though. The million bitcoin question is who or what in the crypto world will have survived and still be around.

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January 13, 2015, 01:19:12 PM
 #2294

In related news :

https://www.reddit.com/r/Bitcoin/comments/2rnzlj/message_from_havelock_investments_related_to_peta/


------------
Dear Unit Holders,

Under current market conditions with low BTC rate and rising network difficulty, we have come to a point where mining revenue will no longer cover hosting costs. We would like to present 2 possible scenarios for which PETA unit holders can place their vote (see link below):

1) Liquidation of all assets of PetaMine, this means we will sell all hardware including underlying liabilities with suppliers to a third party. Current liabilities include energy contract until the end of May 2015, which can not be terminated prematurely. We estimate that this option would yield a one time dividend of 0.00025 BTC per unit (dependent on BTC rate and negotiations). After one time dividend payout, PETA will be delisted from the Havelock platform.

2) We continue with the current situation and dividends will be paid if mining revenue covers the hosting costs. This situation will only occur if BTC-rate increases sufficiently. Under current conditions, mining revenue does not cover hosting costs, incurred losses will be compensated from future hardware sale. If losses exceed the market value of the hardware, we remain the right to prematurely liquidate all assets to cover for these losses.

Option 1 is a more conservative scenario while option 2 is more speculative and will only yield value if BTC rate rises significantly and network hashrate remains stable.

Unit holders can place their vote until Wednesday, January 14th 2015, 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder.

Click the link below to place your vote: --LINK REMOVED--

Team CryptX

Thank you for investing with Havelock Investments! --LINK REMOVED--

------------
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January 14, 2015, 10:08:42 AM
 #2295

In related news :

https://www.reddit.com/r/Bitcoin/comments/2rnzlj/message_from_havelock_investments_related_to_peta/


------------
Dear Unit Holders,

Under current market conditions with low BTC rate and rising network difficulty, we have come to a point where mining revenue will no longer cover hosting costs. We would like to present 2 possible scenarios for which PETA unit holders can place their vote (see link below):

1) Liquidation of all assets of PetaMine, this means we will sell all hardware including underlying liabilities with suppliers to a third party. Current liabilities include energy contract until the end of May 2015, which can not be terminated prematurely. We estimate that this option would yield a one time dividend of 0.00025 BTC per unit (dependent on BTC rate and negotiations). After one time dividend payout, PETA will be delisted from the Havelock platform.

2) We continue with the current situation and dividends will be paid if mining revenue covers the hosting costs. This situation will only occur if BTC-rate increases sufficiently. Under current conditions, mining revenue does not cover hosting costs, incurred losses will be compensated from future hardware sale. If losses exceed the market value of the hardware, we remain the right to prematurely liquidate all assets to cover for these losses.

Option 1 is a more conservative scenario while option 2 is more speculative and will only yield value if BTC rate rises significantly and network hashrate remains stable.

Unit holders can place their vote until Wednesday, January 14th 2015, 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder.

Click the link below to place your vote: --LINK REMOVED--

Team CryptX

Thank you for investing with Havelock Investments! --LINK REMOVED--

------------

With BTC price crashing I hope GM will hold on... :-/

Marco or someone in the GM team : could you assure us everything is "ok" on your side ? I can imagine it's not the best price/ROI situation but if you could just confirm us that you won't close anysoon, people would be investing more Wink

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January 14, 2015, 11:37:31 PM
 #2296

Bitcoin Difficulty:    43,971,662,056
Estimated Next Difficulty:    43,711,600,885 (-0.59%)  This (negative) number will go up Hugh time the next 6 weeks.

Lower Diff means easer mining for us. So GM must hold on bit more  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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January 14, 2015, 11:47:52 PM
 #2297

Bitcoin Difficulty:    43,971,662,056
Estimated Next Difficulty:    43,711,600,885 (-0.59%)  This (negative) number will go up Hugh time the next 6 weeks.

Lower Diff means easer mining for us. So GM must hold on bit more  Smiley


Bitcoin Difficulty has gone up for 17 straight months at least, the chances of February difficulty being lower than January are less than 7%
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January 14, 2015, 11:48:30 PM
 #2298

Yeah I guess. Nothing random about this chart tho. Consistent free-fall.

You're in 6m scale, statistics do dominate ;-)

Yeah, but this chart is as bearish as bearish can be so chances are very good that we´ll be looking at basically the same chart in another six months.

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January 15, 2015, 12:24:26 AM
 #2299

Bitcoin Difficulty:    43,971,662,056
Estimated Next Difficulty:    43,711,600,885 (-0.59%)  This (negative) number will go up Hugh time the next 6 weeks.

Lower Diff means easer mining for us. So GM must hold on bit more  Smiley


Bitcoin Difficulty has gone up for 17 straight months at least, the chances of February difficulty being lower than January are less than 7%
Maybe we are lucky and the diff will go down 30% in the next 2 months
cex.io stopt mining to.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Marco Krohn (GM)
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January 15, 2015, 12:46:18 AM
 #2300


With BTC price crashing I hope GM will hold on... :-/

Marco or someone in the GM team : could you assure us everything is "ok" on your side ? I can imagine it's not the best price/ROI situation but if you could just confirm us that you won't close anysoon, people would be investing more Wink

Genesis Mining is conservative when it comes to the financial side. The "never invest more (in crypto) than you can afford to lose" was followed by us all the time. The Bitcoin price is certainly not at a level which we hoped for, but we are very optimistic that the bottom is reached now, and that price will look better going forward.

Transactions in the Bitcoin economy are on an all-time high, and this is a very good sign!

https://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

To clearly answer your question: we will continue our business as usual and will honor all our contractual obligations!

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