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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 382045 times)
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Zeta0S
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January 26, 2015, 03:27:27 AM
 #2401

I still remember mining this way, after i got the block erupter the diff got to high in 8 weeks, i had to sell the erupters true eBay.
 Cheesy

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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niezam
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January 26, 2015, 04:07:07 AM
 #2402

If you guys wondering the payout, here is mine with 0.1 TH/s.

https://blockchain.info/address/1BRRXqpUthxZoY5fZnxoqEd1t73eEZ7ihh

I can't really say much with my small 100 ghs, understand well the current BTC price situation. I was about to buy more power with GM, but watching the payout I'll have to skip.

I did convert my 5mhs scrypt contract for ghs recently.
Minimaxa
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January 26, 2015, 10:10:07 AM
 #2403

This is plain thievery.

At this rate of 10 to 1 conversion it will take 30 years to recover the amount of the initial investment.

If BTC was regulated and a legitimate finance company did this they would be closed down.

Stay very far away from this company this is a sincere warning, this is a scam.

Have you ever invested in a stock that went down and your stock broker gave you the opportunity to swap it for a better performing stock after the fact?

No "regulated or legitimate finance company" would do that for you, but GM just did.

I would be grateful?
lol, your so right!
 Smiley

+1. If there is somehing sincere about that post, it's that it's sincerely stupid. Sorry to be using such words but accusing a company of thievery when you are actually being offered something for free is just plain wrong.

It is not for free you fucking moron I have already paid them in full and they kept the scrypt hardware.
thevictimofuktyranny
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January 26, 2015, 05:12:28 PM
 #2404

This is plain thievery.

At this rate of 10 to 1 conversion it will take 30 years to recover the amount of the initial investment.

If BTC was regulated and a legitimate finance company did this they would be closed down.

Stay very far away from this company this is a sincere warning, this is a scam.

Have you ever invested in a stock that went down and your stock broker gave you the opportunity to swap it for a better performing stock after the fact?

No "regulated or legitimate finance company" would do that for you, but GM just did.

I would be grateful?
lol, your so right!
 Smiley

+1. If there is somehing sincere about that post, it's that it's sincerely stupid. Sorry to be using such words but accusing a company of thievery when you are actually being offered something for free is just plain wrong.

It is not for free you fucking moron I have already paid them in full and they kept the scrypt hardware.

Dude, you are not the only miner who has lost money in this new sector of the economy Wink

I bought 200ghs at pbmining, which went bust 2 weeks later. Hashie when bust in Janurary as well, but because I had AMhash GHs, the manufacturer rescued it's investor. Everyone, who had Gen 1 Hashie hashpower lost out. Genesis mining got 40% electricity reduction for it's customers, which is why you still have Scrypt cloud mining.  

Zeus mining: all its cloud-mining customers lost everything this Janurary (10 day electricity rule). CEX.IO, all it's BTC cloudmining customers lost everything in January (10 day electricity rule).  Huh

People who bought KCnminer Titans were looking at $2,500 losses (with LTC price rise, they may breakeven). Everyone who bought 750TI's and R9 290 have been mining at a "TECHNICAL LOSS" over this Winter Huh

This is what happens, when to many people think they can mine and convert into Fiat Currency e.g. they have no interest in saving their crypto currency coins.

Because, you are with a well managed company (Genesis mining), you still have cloudming hash Wink

julian071
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January 26, 2015, 05:37:11 PM
 #2405

This is plain thievery.

At this rate of 10 to 1 conversion it will take 30 years to recover the amount of the initial investment.

If BTC was regulated and a legitimate finance company did this they would be closed down.

Stay very far away from this company this is a sincere warning, this is a scam.

Have you ever invested in a stock that went down and your stock broker gave you the opportunity to swap it for a better performing stock after the fact?

No "regulated or legitimate finance company" would do that for you, but GM just did.

I would be grateful?
lol, your so right!
 Smiley

+1. If there is somehing sincere about that post, it's that it's sincerely stupid. Sorry to be using such words but accusing a company of thievery when you are actually being offered something for free is just plain wrong.

It is not for free you fucking moron I have already paid them in full and they kept the scrypt hardware.

Dear sir, the option to convert IS for free. Please do read your contract. Pro-tip: always read the contract when you pay for a service! You might also notice that you did not pay for any scrypt hardware, but for a service.

You just seem to not understand what you paid for, and therefore not understand that this option to convert is (was) free. If someone is the moron it is certainly not me.

=P
thevictimofuktyranny
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January 26, 2015, 08:19:08 PM
 #2406

One should remember every new sector of economic in history has had a period were "buyer and seller ignorance" has led to huge pumps or investments in production that were followed by subsequent brutal corrections e.g. Radio, Television, Internet, IT, and so on.

The main ways the masses achieve "buyer and seller wisdom"

a) trial and error downwards: do it until you suffer horrific losses, then reduce activity by 20%, do it until you suffer horrific losses, then reduce activity by 20% again, do it until you suffer horrific losses - at some point you will find the long term balance profitability ratio Huh
b) trial and error upwards: do it if you get ridiculous profits, then increase activity by 20%, do it if you get ridiculous profits, then increase activity by 20%, do it if you get ridiculous profits, then increase activity by 20%, - at some point you will find profits stop occurring over the long term.

Literally, that is how most people will achieve "buyer and seller wisdom" Cheesy

Obviously, people like "original philosophers" (from Thomas Paine's "Age of Reason) - can develop "buyer and seller wisdom" from 1st principles Shocked "Original philosophers" are pretty thin on the ground and I'm afraid it is either a) or b) trial and error for the masses Huh

So, guys don't feel bad about what has happened, just use the more accurate experiences to make profits in the future Roll Eyes  
IanFoxley
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January 26, 2015, 08:43:49 PM
 #2407

I have recently got an email saying that if you have missed the transfer offer then do not worry as it will be coming again soon, if not already, unfortunately I can not check but if not, should be coming soon.

ZorroPai
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January 26, 2015, 08:45:24 PM
 #2408

One should remember every new sector of economic in history has had a period were "buyer and seller ignorance" has led to huge pumps or investments in production that were followed by subsequent brutal corrections e.g. Radio, Television, Internet, IT, and so on.

This main ways the masses achieve "buyer and seller wisdom"

a) trial and error downwards: do it until you suffer horrific losses, then reduce activity by 20%, do it until you suffer horrific losses, then reduce activity by 20% again, do it until you suffer horrific losses - at some point you will find the long term balance profitability ratio Huh
b) trial and error upwards: do it if you get ridiculous profits, then increase activity by 20%, do it if you get ridiculous profits, then increase activity by 20%, do it if you get ridiculous profits, then increase activity by 20%, - at some point you will find profits stop occurring over the long term.

Literally, that is how most people will achieve "buyer and seller wisdom" Cheesy

Obviously, people like "original philosophers" (from Thomas Paine's "Age of Reason) - can develop "buyer and seller wisdom" from 1st principles Shocked "Original philosophers" are pretty thin on the ground and I'm afraid it is either a) or b) trial and error for the masses Huh

So, guys don't feel bad about what has happened, just use the more accurate experiences to make profits in the future Roll Eyes 

Thank you for your insights. Kiss

Please poste also some good money management techniques.

Thank you,  Wink
Zorro

Here is the most customerfriendly faucetrotator: TinaRotator.com
Buy BTC, ETH, Dash and LTC @ BitPanda.com
TXTCLA55
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Ces't la vie baby.


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January 26, 2015, 11:57:39 PM
 #2409

I still remember mining this way, after i got the block erupter the diff got to high in 8 weeks, i had to sell the erupters true eBay.
 Cheesy

Lucky dog. I still have a USB miner after it was too hard to mine and the tech was too old to sell. Sigh, it just sits on my desk as a relic of better times.

Sincera
-TXT
TXTCLA55
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Ces't la vie baby.


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January 27, 2015, 12:03:25 AM
 #2410

This is plain thievery.

At this rate of 10 to 1 conversion it will take 30 years to recover the amount of the initial investment.

If BTC was regulated and a legitimate finance company did this they would be closed down.

Stay very far away from this company this is a sincere warning, this is a scam.

Have you ever invested in a stock that went down and your stock broker gave you the opportunity to swap it for a better performing stock after the fact?

No "regulated or legitimate finance company" would do that for you, but GM just did.

I would be grateful?
lol, your so right!
 Smiley

+1. If there is somehing sincere about that post, it's that it's sincerely stupid. Sorry to be using such words but accusing a company of thievery when you are actually being offered something for free is just plain wrong.

It is not for free you fucking moron I have already paid them in full and they kept the scrypt hardware.

Dude, you are not the only miner who has lost money in this new sector of the economy Wink

I bought 200ghs at pbmining, which went bust 2 weeks later. Hashie when bust in Janurary as well, but because I had AMhash GHs, the manufacturer rescued it's investor. Everyone, who had Gen 1 Hashie hashpower lost out. Genesis mining got 40% electricity reduction for it's customers, which is why you still have Scrypt cloud mining.  

Zeus mining: all its cloud-mining customers lost everything this Janurary (10 day electricity rule). CEX.IO, all it's BTC cloudmining customers lost everything in January (10 day electricity rule).  Huh

People who bought KCnminer Titans were looking at $2,500 losses (with LTC price rise, they may breakeven). Everyone who bought 750TI's and R9 290 have been mining at a "TECHNICAL LOSS" over this Winter Huh

This is what happens, when to many people think they can mine and convert into Fiat Currency e.g. they have no interest in saving their crypto currency coins.

Because, you are with a well managed company (Genesis mining), you still have cloudming hash Wink

Good point. I think a lot of people buy into the idea that the more money they pour in to mining the bigger the payout later when in actuality I've had more luck buying small increments of hash power which can reach ROI in a few months then using the mined coins to buy more. Mining is a risky business at this moment, you can either wine about it, or try to make the most of it by turning it into a learning experience.

Sincera
-TXT
cyclonereverb
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January 27, 2015, 12:20:48 AM
 #2411

Yeah, have just traded my 2MH to GH a few days ago, and am feeling "good" about it. Gone are the days where 1MH scrypt generated the same income as 30-40GH SHA. Those were the good old days in the wild west.
thevictimofuktyranny
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January 27, 2015, 01:10:34 AM
 #2412

One should remember every new sector of economic in history has had a period were "buyer and seller ignorance" has led to huge pumps or investments in production that were followed by subsequent brutal corrections e.g. Radio, Television, Internet, IT, and so on.

This main ways the masses achieve "buyer and seller wisdom"

a) trial and error downwards: do it until you suffer horrific losses, then reduce activity by 20%, do it until you suffer horrific losses, then reduce activity by 20% again, do it until you suffer horrific losses - at some point you will find the long term balance profitability ratio Huh
b) trial and error upwards: do it if you get ridiculous profits, then increase activity by 20%, do it if you get ridiculous profits, then increase activity by 20%, do it if you get ridiculous profits, then increase activity by 20%, - at some point you will find profits stop occurring over the long term.

Literally, that is how most people will achieve "buyer and seller wisdom" Cheesy

Obviously, people like "original philosophers" (from Thomas Paine's "Age of Reason) - can develop "buyer and seller wisdom" from 1st principles Shocked "Original philosophers" are pretty thin on the ground and I'm afraid it is either a) or b) trial and error for the masses Huh

So, guys don't feel bad about what has happened, just use the more accurate experiences to make profits in the future Roll Eyes  

Thank you for your insights. Kiss

Please poste also some good money management techniques.

Thank you,  Wink
Zorro

Lowest risk buys are, as everyone should know is LTC, below $2.60 Roll Eyes

I know you guys have spent nearly 1 year selling the coins off for Fiat Currency or BTC Cheesy

Down from $14 last year to $1 Janurary Tongue

But, you must have known the day would arrive when you would have to buy back all those LTC coins to gain profits Shocked

It is undervalued until it passes $2.60.

May go to a peak price of $4 after block halving in August this year, but you want to have a decent safety margin and decent profit margin for tying up BTC/Fiat currencies for 7 months.

2016 is, as everybody should know, BTC's block halving, value will go to a peak somewhere above $400, but buying 1 year 7 months beforehand you'll need stay under $334 to give yourselves a decent profit and safety margin.

Buy in small "bits and pieces" each day or so, so the price does not runaway Cool  

Not that I should say that, because I've got SHA256 ghs at AMhash and Genisis Mining Cheesy

I'll give those ones out, because sometimes people forget to do the basic crypto currency investments correctly, because of various pump and dump stuff that goes with the new alt coins Roll Eyes  

There is one X11 coin I'm stocking up on this year for late 2015 and 2016, but I'll keep that to myself for few months Lips sealed
thevictimofuktyranny
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January 27, 2015, 04:30:44 PM
 #2413

Just as reminder, for anyone selling there Bitcoins for Fiat Currency in the UK, the escrow website:

https://localbitcoins.com/

Sellers are getting 6%-7% over the Dollar conversion price.  The Uk's "Fast Payment" is free within the UK as well.

Always check feedback before selling, more then 20 feedback, verified identity, account must be in buyers name, etc

Every little bit helps Wink
IanFoxley
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January 27, 2015, 08:33:15 PM
 #2414

Ooo just noticed that Dogecoin is now a choice in the SHA 256 Mining Allocation Screen.

Dogecoin (AUTO)

Ian

cyclonereverb
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January 27, 2015, 11:36:37 PM
 #2415

Ooo just noticed that Dogecoin is now a choice in the SHA 256 Mining Allocation Screen.

Dogecoin (AUTO)

Ian

Thanks for the heads up. Puts (meagre) daily payouts back on the cards again for those of us with next to no hash rate  Cheesy
IanFoxley
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January 28, 2015, 05:35:52 AM
 #2416

Ooo just noticed that Dogecoin is now a choice in the SHA 256 Mining Allocation Screen.

Dogecoin (AUTO)

Ian

Thanks for the heads up. Puts (meagre) daily payouts back on the cards again for those of us with next to no hash rate  Cheesy

Yeh I thought the same, even 1GH/s which is paying out about 600+ satoshis at the moment, should give you some dogecoins each day, that is better than none.


Serlite
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January 28, 2015, 05:49:39 AM
 #2417

Ooo just noticed that Dogecoin is now a choice in the SHA 256 Mining Allocation Screen.

Dogecoin (AUTO)

Ian

Thanks for the heads up. Puts (meagre) daily payouts back on the cards again for those of us with next to no hash rate  Cheesy

Yeh I thought the same, even 1GH/s which is paying out about 600+ satoshis at the moment, should give you some dogecoins each day, that is better than none.



Yep! Shifting my payouts with 1 GH/s to Doge now...thought it's still kinda saddening that faucet sites have outstripped my payouts by a long shot now. '-'

crazyivan
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January 28, 2015, 07:17:39 AM
 #2418

So what s the general conclusion, have you people switched to SHA 256 or not?

IanFoxley
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January 28, 2015, 08:05:11 AM
 #2419

So what s the general conclusion, have you people switched to SHA 256 or not?

I haven't yet..and I think the offer has ended again so, fingers crossed that I will get a 1 satoshi payout in the coming days or it is bye bye 180 MH/s

julian071
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January 28, 2015, 08:36:42 AM
 #2420

So what s the general conclusion, have you people switched to SHA 256 or not?

I haven't yet..and I think the offer has ended again so, fingers crossed that I will get a 1 satoshi payout in the coming days or it is bye bye 180 MH/s

I still could just now. But after doing the math I decided to take the risk with my 156 MH. 6 Days 0 payout now =/

=P
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