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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 384096 times)
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samsonn25
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January 17, 2015, 10:09:58 PM
 #2321

I haven't got anything in days from my 8 MH. It is only a matter of time before Genesis pulls the plug on this scam. It is obvious they are not mining anything as I can earn more with a gridseed orb than my 8 MH earns.  Angry

I guess their maintenence which includes electricity and labor costs, which the home miner would not expect a salary so they dont want to work for free, and have to pay location costs too.
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DisaBit
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January 17, 2015, 11:47:24 PM
 #2322

I have 130.7 MH/s Scrypt "Life" contract pointed at BTC(Auto) and I am currently getting nothing for it. Cry
My 0.02TH/s SHA contract is pulling in +-0.000011800 BTC per day.
I paid over $2000 for all of this hashing power TWO months ago.
I earned $0.26 in the last 7 days mining interval.
Going to try redirecting Scrypt to Reddcoin, or will Dogecoin be more 'rewarding', i.e. will I actually get to see a payout? Undecided
Wintermute
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January 18, 2015, 01:25:36 AM
 #2323

I have 130.7 MH/s Scrypt "Life" contract pointed at BTC(Auto) and I am currently getting nothing for it. Cry
My 0.02TH/s SHA contract is pulling in +-0.000011800 BTC per day.
I paid over $2000 for all of this hashing power TWO months ago.
I earned $0.26 in the last 7 days mining interval.
Going to try redirecting Scrypt to Reddcoin, or will Dogecoin be more 'rewarding', i.e. will I actually get to see a payout? Undecided

Unfortunately it will not change anything. The other scrypt providers stopped payouts long time ago (Gawminers, Zeushash). Both of them had much higher maintenance fees (8 cents). Genesis Mining was only charging about 4.5 Cent per MH/s, but due the collapse of altcoin prices and the low BTC prices this is not covering the cost anymore.

This might end the contract within the next 2-3 weeks. Unfortunately they cannot use scrypt hardware to mine sha coins. So the only hope is that the altcoin price recovers, but tbh it does not look like it.

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January 18, 2015, 01:29:16 AM
 #2324

I haven't got anything in days from my 8 MH. It is only a matter of time before Genesis pulls the plug on this scam. It is obvious they are not mining anything as I can earn more with a gridseed orb than my 8 MH earns.  Angry

I guess their maintenence which includes electricity and labor costs, which the home miner would not expect a salary so they dont want to work for free, and have to pay location costs too.

10-12 Watt per Mh/s for the miner + cooling is realistic. With 10 Cents per kW/h this means about 3 Cents per day. That leaves 1.5 Cent for rent, to cover machine failures, labor cost and so on.

If you deduct the electricity cost from your mining output then most miners will operate on a loss.
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January 18, 2015, 02:57:57 AM
 #2325

I have pretty much given up on getting anything out of my 8 MH. I just switched my allocation to Lotto coin just for the psychological benefit that I might actually get a full coin of something each day. LOL  Shocked

Buy a Trezor and Protect all your Crypto Currencies from hackers.
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January 18, 2015, 03:00:02 AM
 #2326

Just checked my account and I haven't received any payout in the last 2 days. Anyone else having a similar problem?  Huh

Buy a Trezor and Protect all your Crypto Currencies from hackers.
If I was helpful please tip me BTC: 3Bt4E78XjcEhCLEQUB6R1ujiQG58DXaazg  ETH: 0xc6541E163A7C513580f4C1897297452c71b44909
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January 18, 2015, 04:48:23 AM
 #2327

Just checked my account and I haven't received any payout in the last 2 days. Anyone else having a similar problem?  Huh
No, got them each day

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
lechatnieger
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January 18, 2015, 10:03:04 AM
 #2328

I have a 20mhash contract,

16.01.2015     WDC     0.00000000    
15.01.2015     BTC     0.00000000
14.01.2015     BTC     0.00000000    
13.01.2015     BTC     0.00000000    
12.01.2015     BTC     0.00000000    
11.01.2015     BTC     0.00005503

with bitcoin(auto) payout it is 0 in 4 days,

tryed to switch, to wdc, 0 payout.

let's see.

     

https://bitcointalk.org/index.php?topic=1623519
IanFoxley
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January 18, 2015, 12:53:08 PM
 #2329

I have a 20mhash contract,

16.01.2015     WDC     0.00000000    
15.01.2015     BTC     0.00000000
14.01.2015     BTC     0.00000000    
13.01.2015     BTC     0.00000000    
12.01.2015     BTC     0.00000000    
11.01.2015     BTC     0.00005503

with bitcoin(auto) payout it is 0 in 4 days,

tryed to switch, to wdc, 0 payout.

let's see.

They are not actually 0 payouts though... Move the mouse over the I symbol next to each payout, they are actually payouts, but just too small to send.

Mike18feb
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January 18, 2015, 02:29:49 PM
 #2330

Jus saw new prices:

Gold
    50 GH/s
    Lifetime Bitcoin contract
    USD 24.49($0.49 per GH/s)

Platinum
    1,000 GH/s
    Lifetime Bitcoin contract
    USD 469($0.47 per GH/s)

Diamond
    15,000 GH/s
    Lifetime Bitcoin contract
    USD 6,750

<||=||>  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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January 18, 2015, 02:32:29 PM
 #2331

Cool..

I wonder if they got some new hardware in, to get those lower prices.

Video about new price changes
http://youtu.be/s4DJHUjM0uc

Mike18feb
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January 18, 2015, 02:37:32 PM
 #2332

Seeing hashrate going up on Bitcoin network, despite disappointing BTC value, so probably loads of new hardware are added anyway.

<||=||>  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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January 18, 2015, 03:55:24 PM
 #2333

Day 125 comparison video is now out.
Enjoy
http://youtu.be/uyJyUjFxWac

Video about Genesis Mining price changes.
http://youtu.be/s4DJHUjM0uc

ZorroPai
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January 18, 2015, 04:19:11 PM
 #2334

Hello,

which altcoin should we mine now?

I tried DRK, it was below the payout threshold, and now I am mining LTC.

Which one is paied out now with around 26MH/s?

Thank you,
Zorro

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★ Freelance on the BlockchainVISIT US! JOIN BOUNTY
The first Decentralized Autonomous Job market (DAJ)
Mike18feb
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January 18, 2015, 05:07:40 PM
 #2335

With Scrypt? I doubt anything will get you a payout unfortuantely. And if it does, it will be worth one or two cents Cheesy

<||=||>  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 .............
Bitcoin_BOy$
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January 18, 2015, 07:49:57 PM
 #2336

With Scrypt? I doubt anything will get you a payout unfortuantely. And if it does, it will be worth one or two cents Cheesy
Here's me one of old scrypt users you know that 0.040 Th/s profit much higher than 8 Mh/s i realy loose my
money in Scypt . Because of fee Scrypt is dead
IanFoxley
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January 18, 2015, 08:00:08 PM
 #2337

With Scrypt? I doubt anything will get you a payout unfortuantely. And if it does, it will be worth one or two cents Cheesy
Here's me one of old scrypt users you know that 0.040 Th/s profit much higher than 8 Mh/s i realy loose my
money in Scypt . Because of fee Scrypt is dead

Here is what 1 MH/s Scrypt payout is, if you do have one of the older one year contracts with no fees. 0.00016239 BTC

samsonn25
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January 18, 2015, 08:02:49 PM
 #2338

$ .035 doesnt sound that great
IanFoxley
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January 18, 2015, 08:08:24 PM
 #2339

$ .035 doesnt sound that great

and here is the payout if you had 1 MH/s with life contract 0.00000002

Which one would you rather have??

samsonn25
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January 18, 2015, 08:11:02 PM
 #2340

They made fees higher for life contract? 
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