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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 384355 times)
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thevictimofuktyranny
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January 28, 2015, 10:14:12 PM
 #2421

Yeah, that is why I bought SH256 GHS at Genesis and AMhash (formerly Hashie) :0

Did a forecast/prediction, which showed mining difficulty would be falling this year on BTC network due to it’s sub-$334 price. Making it less risky to buy SHA256 cloudmining, even if the ROI would be closer to 12 months then 5 months Smiley

Yet to show benefits on BTC, because the gravity well difficulty is not adjusted live by maths equations on the network, but set every 2 weeks or so by the organisation; it has yet to be reduced Roll Eyes

I was surprised at how many people were buying scrypt cloud mining before christmas Huh
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January 29, 2015, 02:52:34 AM
 #2422

Is there any way to know how financially stable GM is? If you invest nowadays into sha 256 it will take several months to get your money back based on current BTC price and difficulty. Does GM disclose financials if you ask them or how do you assess in general how sound a miner's business is and how long they will be around?
thevictimofuktyranny
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January 29, 2015, 03:17:54 AM
 #2423

Is there any way to know how financially stable GM is? If you invest nowadays into sha 256 it will take several months to get your money back based on current BTC price and difficulty. Does GM disclose financials if you ask them or how do you assess in general how sound a miner's business is and how long they will be around?

Well,

Ask yourself some questions:

1) Where would I build a Bitcoin mining farm, if I had cash reserves in the industrialized group of nations? Iceland.

2) How would I keep my businesses cash reserves? Sell off some of Bitcoin mining farm output as cloud mining to investors.

3) How do are maximize prices of cloud mining to buyers? No anonymity, openness and transparency and better mining equipment then the competition.


Genesis Mining equipment hash output outperforms Gen 3 hash at AMhash by about 40%. Genesis Mining can mine the hash itself for a profit, in fact so could AMhash, but it is better strategy for them to maintain cash reserves and spread the risks back into the crypto-community. 

Those are some of observable facts Grin 

At the end of day, you have to judge the risk for yourself Shocked There is no past history, it is all on you own judgment Wink


   
galdur
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January 29, 2015, 03:18:04 AM
 #2424

50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.

So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.

With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.


thevictimofuktyranny
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January 29, 2015, 03:48:22 AM
 #2425

50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.

So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.

With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.



Those kinds of ROI are only offered when manufacturers are building new farms Shocked

This looks like a consolidation year for ASIC manufacturers and there will be little or no new farms built. Therefore, why would they be eager to offload their remaining SHA256 hash cheaply Tongue

Genesis remaining cloud mining is just teaser that will permanently on offer for 2015, 2016 when the Bitcoin block reward halves is when new/refurbishments of farms may occur. Equally, AMhash has been sold out 2 months so no-one has really any choice. The exchange Havelock, which has trading on AMhash hash shares has some available, which is less expensive, but less productive Shocked

Therefore, a 320 day ROI looks like a realistic timeframe Roll Eyes
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January 29, 2015, 04:00:39 AM
 #2426

50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.

So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.

With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.



Those kinds of ROI are only offered when manufacturers are building new farms Shocked

This looks like a consolidation year for ASIC manufacturers and there will be little or no new farms built. Therefore, why would they be eager to offload their remaining SHA256 hash cheaply Tongue

Genesis remaining cloud mining is just teaser that will permanently on offer for 2015, 2016 when the Bitcoin block reward halves is when new/refurbishments of farms may occur. Equally, AMhash has been sold out 2 months so no-one has really any choice. The exchange Havelock, which has trading on AMhash hash shares has some available, which is less expensive, but less productive Shocked

Therefore, a 320 day ROI looks like a realistic timeframe Roll Eyes

Happy buying then and good luck. My 50% less expensive AMHASH hash paid 0.00000617 per GH/s today or about the same as GM. But with about the realistic term of ROI, ca. 140-150 days, that I mentioned.

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January 29, 2015, 09:45:09 AM
 #2427

50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.

So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.

With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.



While I generally agree with you on the cloud mining, there's a good thing happening as of late for those that did end up investing: difficulty is about to drop 5% (as of my last look) which is huge. Will it jump back up? Probably. But this gives around 2 weeks minimum of boosted income.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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galdur
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January 29, 2015, 10:08:35 AM
 #2428

50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.

So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.

With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.



While I generally agree with you on the cloud mining, there's a good thing happening as of late for those that did end up investing: difficulty is about to drop 5% (as of my last look) which is huge. Will it jump back up? Probably. But this gives around 2 weeks minimum of boosted income.

Yep, I know. But the greatest cause for uncertainty is the chronically depressed and tanking BTC price. Sure, every bottom is the last one and from there on it´s straight upward march but it´s not something you tie any meaningful amounts of money up in for any significant length of time. So, while BTC is still cratering (hopefully it doesn´t tank enough to put this and other mining operations out of business and send your investment to bitcoin heaven) you obviously pay as little as possible per GH and stay focused on the very very very shortest possible ROI term.


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January 29, 2015, 11:17:20 AM
 #2429

50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.

So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.

With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.



While I generally agree with you on the cloud mining, there's a good thing happening as of late for those that did end up investing: difficulty is about to drop 5% (as of my last look) which is huge. Will it jump back up? Probably. But this gives around 2 weeks minimum of boosted income.

The only problem is that because of the lower BTC value, then the daily fee is eating more BTC so if the difficulty lowers and the value of BTC lowers too, then the payouts are still going to be affected.

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January 29, 2015, 11:24:23 AM
 #2430

This look played at all ? Nah.  Grin


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January 29, 2015, 01:00:31 PM
 #2431

pay as little as possible per GH and stay focused on the very very very shortest possible ROI term? That's exactly what is killing the industry right now. Loads of people pulling as much money out of the crypto coins without putting anything in. Doesn't take much of a brain to realize such a situation can only head towards the bottom. Short term ROI for mining is dead and people who are still chasing that are filling page after page with whining and yelling scam and ponzi.

<||=||>  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 .............
galdur
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January 29, 2015, 01:27:46 PM
 #2432

pay as little as possible per GH and stay focused on the very very very shortest possible ROI term? That's exactly what is killing the industry right now. Loads of people pulling as much money out of the crypto coins without putting anything in. Doesn't take much of a brain to realize such a situation can only head towards the bottom. Short term ROI for mining is dead and people who are still chasing that are filling page after page with whining and yelling scam and ponzi.

Well, I´m not in this for any emotional reasons. It´s just business. If operations can´t compete they should vanish and make room for others more competent. That´s how real markets work. But when you have a marketplace that is based on an insane and bankrupt ideology of decentralization, "self regulation", total lack of any accountability - in other words a paradise for hucksters and criminals - the inevitable result can´t be good. And here we are.

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January 29, 2015, 01:39:42 PM
 #2433

But we're not here  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 .............
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January 29, 2015, 01:46:05 PM
 #2434

But we're not here  Cheesy


You know; if retarded libertarians just shut up for a few months about fiat and evil government and decentralization and blah blah blah and let instead people with attachment to reality on this planet do the talking the common man would maybe stop associating bitcoin with barf bags.

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January 29, 2015, 04:09:16 PM
 #2435

But we're not here  Cheesy


You know; if retarded libertarians just shut up for a few months about fiat and evil government and decentralization and blah blah blah and let instead people with attachment to reality on this planet do the talking the common man would maybe stop associating bitcoin with barf bags.

You show your ignorance man: the opening page of "Common Sense" (1776) says the following Wink:

"Some writers have so confounded society with government, as to leave little or no distinction between them; whereas they are not only different, but have different origins. Society is produced by our wants, and government by our wickedness; the former promotes our happiness POSITIVELY by uniting our affections, the latter NEGATIVELY by restraining our vices. The one encourages intercourse, the other creates distinctions. The first a patron, the last a punisher.

Society in every state is a blessing, but government even in its best state is but a necessary evil; in its worst state an intolerable one; for when we suffer, or are exposed to the same miseries BY A GOVERNMENT, which we might expect in a country WITHOUT GOVERNMENT, our calamity is heightened by reflecting that we furnish the means by which we suffer. Government, like dress, is the badge of lost innocence; the palaces of kings are built on the ruins of the bowers of paradise."  Shocked

Thomas Paine, had the brightness equivalent to 800-900 of the most intelligent people alive today. He says all government is evil everywhere, you can be certain this is based on objectively provable truths, if he advocates decentralization, it is to allow society to flourish, again this will be based on objectively provable truths.  Tongue

From my own research: "the toys and playthings of brightest men and women so often become the new sectors of economies, which bring into being a new prosperity for the Wealth of Nations". It will take a long time, before the common man can wrap their mind's around idea of crypto currencies; it took them 25 years to get their heads around the idea of computers  Wink
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January 29, 2015, 05:41:02 PM
 #2436

You´re right. Keeping the government and its pesky regulations and law enforcement and other hassles out  has been very healthy for bitcoin and its marketplace and will no doubt keep ballooning public interest and the price. Not to mention big money investors. The advanced and secure trading infrastructure run by self-regulated persons of exceptional integrity is acting as a magnet for billions upon billions of dollars as we speak. The trading volume is just staggering.

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January 29, 2015, 05:44:12 PM
 #2437

Lets talk again in maybe a month or so? We can share the elation over yet another sizable appreciation in the market cap of bitcoin. This is post #2455, I will quote it for the record.

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January 30, 2015, 11:49:12 AM
 #2438

There is time for investing and there s time for not doing anything. Right now I think that doing nothing is the smart thing. First, BTC price s very low, buying hash with BTC is not a very smart idea. Second, the more efficient ASIC models are probably going to be out in the next quarter so buying these old ones now is again not a smart idea. Third, if you do decide to go for cloud, there are at least 2 or 3 cheaper options compared to Genesis Mining, strictly talking about legit companies with photos and transparency. Fourth, POS become more and more important recently, there are some coins which might be worth of investing and are based on POS. In this case, electricity is not important cause you can forge them by yourself. At least these are my thoughts.

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January 30, 2015, 12:32:32 PM
 #2439

There is time for investing and there s time for not doing anything. Right now I think that doing nothing is the smart thing. First, BTC price s very low, buying hash with BTC is not a very smart idea. Second, the more efficient ASIC models are probably going to be out in the next quarter so buying these old ones now is again not a smart idea. Third, if you do decide to go for cloud, there are at least 2 or 3 cheaper options compared to Genesis Mining, strictly talking about legit companies with photos and transparency. Fourth, POS become more and more important recently, there are some coins which might be worth of investing and are based on POS. In this case, electricity is not important cause you can forge them by yourself. At least these are my thoughts.

Yep, when in doubt do nothing. At present I think preservation of current coin holdings is more important than ROI. But if you choose to be in play absolutely demand high yield.

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January 30, 2015, 02:14:37 PM
 #2440

Just came across this article.
https://www.cryptocoinsnews.com/cloud-mining-will-profit-bitcoin-price-rise-says-genesis-ceo/

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