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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381779 times)
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crazyivan
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February 04, 2015, 07:14:44 AM
 #2461

http://www.coindesk.com/spondoolies-tech-genesis-team-new-cloud-mining-service/

Looks promising. Will it be a totally new cloud mining service or will it be part of Genesis-Mining?

EDIT:
So I found out that they use the same layout as Genesis-Mining and almost everything is the same. The prices go as low as 0.42$/GH but the fee is at 0.0019$/GH/DAY.
You can find it at http://www.spondoolies-tech.com/pages/cloud-mining

EDIT 2:
They don't have the mining allocation that Genesis-Mining has.

Whats s GM fee per GH compared to Spondoolies?

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February 04, 2015, 08:29:11 AM
 #2462

http://www.coindesk.com/spondoolies-tech-genesis-team-new-cloud-mining-service/

Looks promising. Will it be a totally new cloud mining service or will it be part of Genesis-Mining?

EDIT:
So I found out that they use the same layout as Genesis-Mining and almost everything is the same. The prices go as low as 0.42$/GH but the fee is at 0.019$/GH/DAY.
You can find it at http://www.spondoolies-tech.com/pages/cloud-mining

EDIT 2:
They don't have the mining allocation that Genesis-Mining has.

Whats s GM fee per GH compared to Spondoolies?

Genesis-Mining how has $0.015 for the SHA 256, so that means Spondoolies is higher by $0.004 a day.
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February 04, 2015, 03:39:34 PM
 #2463

http://www.coindesk.com/spondoolies-tech-genesis-team-new-cloud-mining-service/

Looks promising. Will it be a totally new cloud mining service or will it be part of Genesis-Mining?

EDIT:
So I found out that they use the same layout as Genesis-Mining and almost everything is the same. The prices go as low as 0.42$/GH but the fee is at 0.019$/GH/DAY.
You can find it at http://www.spondoolies-tech.com/pages/cloud-mining

EDIT 2:
They don't have the mining allocation that Genesis-Mining has.

Whats s GM fee per GH compared to Spondoolies?

Genesis-Mining how has $0.015 for the SHA 256, so that means Spondoolies is higher by $0.004 a day.
Genesis Wins!!!!

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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February 05, 2015, 04:13:24 AM
 #2464

Hi guys, I plan on heavily invest my bitcoin in this company (genesis mining). However I need to know the payout rate for 1 TH/S (1000gh/s). I know payout fluctuate depending on how btc is doing and the difficulty mining it. As of today 2/4/15 with the btc value at like 230 and difficulty at (idk) can anyone tell me the payout for 1 Th? Thanks.

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February 05, 2015, 04:59:53 AM
 #2465

LoL don't it's a waste of your time when/if you hit roi you be in your 60's Smiley

At best your payouts are dismal and at worst nothing.. they already had to shut down there scrypt hashing and offer its customers  .000001% of what we paid for it. You'll make more btc by holding, now on the other hand if you want to spend cash to get the 1 th/s..You can always get more cash :p

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PS

Here is what alot of us use to calculate your btc.

https://alloscomp.com/bitcoin/calculator
Boxyapple
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February 05, 2015, 05:13:01 AM
 #2466

According to your calculator, 1 th makes me 2.76 per day O _ O thats incredible
Edit: Oh I forgot about maintenance fee.

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February 05, 2015, 09:48:45 AM
 #2467

According to your calculator, 1 th makes me 2.76 per day O _ O thats incredible
Edit: Oh I forgot about maintenance fee.

You pay 0.1088 upfront for 50GHs and 1 year earn 0.13286BTC at todays difficulty and £225 price Shocked
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February 05, 2015, 02:33:58 PM
 #2468

Hi guys, I plan on heavily invest my bitcoin in this company (genesis mining). However I need to know the payout rate for 1 TH/S (1000gh/s). I know payout fluctuate depending on how btc is doing and the difficulty mining it. As of today 2/4/15 with the btc value at like 230 and difficulty at (idk) can anyone tell me the payout for 1 Th? Thanks.

You can check my 0.1 th/s gm payout here - https://blockchain.info/address/1BRRXqpUthxZoY5fZnxoqEd1t73eEZ7ihh
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February 05, 2015, 02:40:05 PM
 #2469

I got 14 dollar in the last 4 days @ Genesis Mining  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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February 05, 2015, 02:56:39 PM
 #2470

koenmtb1
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February 05, 2015, 03:15:08 PM
 #2471

Hi guys, I plan on heavily invest my bitcoin in this company (genesis mining). However I need to know the payout rate for 1 TH/S (1000gh/s). I know payout fluctuate depending on how btc is doing and the difficulty mining it. As of today 2/4/15 with the btc value at like 230 and difficulty at (idk) can anyone tell me the payout for 1 Th? Thanks.

You will earn about 0,006 a day which means your ROI will take about a year depending on the difficulty and the price of bitcoin.
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February 05, 2015, 03:18:42 PM
 #2472

I got 14 dollar in the last 4 days @ Genesis Mining  Smiley

How big is your hashpower mate ?
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February 05, 2015, 03:46:01 PM
 #2473

Hi guys, I plan on heavily invest my bitcoin in this company (genesis mining). However I need to know the payout rate for 1 TH/S (1000gh/s). I know payout fluctuate depending on how btc is doing and the difficulty mining it. As of today 2/4/15 with the btc value at like 230 and difficulty at (idk) can anyone tell me the payout for 1 Th? Thanks.

1TH would take a long time to ROI if it ever would. I'd suggest doing what I do, buy low increments and when they pay off buy more. This way you wont earn as much right off the bat, but by the same token you're not going to burn money going in big. Mining is a gamble, play it safe.

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February 05, 2015, 05:02:44 PM
 #2474

Hi guys, I plan on heavily invest my bitcoin in this company (genesis mining). However I need to know the payout rate for 1 TH/S (1000gh/s). I know payout fluctuate depending on how btc is doing and the difficulty mining it. As of today 2/4/15 with the btc value at like 230 and difficulty at (idk) can anyone tell me the payout for 1 Th? Thanks.

1TH would take a long time to ROI if it ever would. I'd suggest doing what I do, buy low increments and when they pay off buy more. This way you wont earn as much right off the bat, but by the same token you're not going to burn money going in big. Mining is a gamble, play it safe.

You should keep in mind that the price per GH/s changes once you hit the 1TH/s mark. Anything below 1TH/s will even take longer to ROI. The price from 1TH/s to 5TH/s is the same!

All the best,
Vya

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February 05, 2015, 05:29:21 PM
 #2475

Thanks for the reply guys. If you haven't notice I'm very VERY new to bitcoin so it took me a while to figure out what ROI means. But I think I got it now. 1.3 US dollar per Tera hash isn't bad and seems very appealing to me. I'll highly consider going to cloud mining with this company. Thanks again for helping a newbie out, have a great day!

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February 05, 2015, 05:46:56 PM
 #2476

Hi guys, I plan on heavily invest my bitcoin in this company (genesis mining). However I need to know the payout rate for 1 TH/S (1000gh/s). I know payout fluctuate depending on how btc is doing and the difficulty mining it. As of today 2/4/15 with the btc value at like 230 and difficulty at (idk) can anyone tell me the payout for 1 Th? Thanks.

1TH would take a long time to ROI if it ever would. I'd suggest doing what I do, buy low increments and when they pay off buy more. This way you wont earn as much right off the bat, but by the same token you're not going to burn money going in big. Mining is a gamble, play it safe.

You should keep in mind that the price per GH/s changes once you hit the 1TH/s mark. Anything below 1TH/s will even take longer to ROI. The price from 1TH/s to 5TH/s is the same!

All the best,
Vya



Kept that in mind just looked at what the current rates are and calculated it, it should take a bit under a year for this to earn back but the thing is that the difficulty changes so does the price of bitcoin you should have to look at this as you are earning bitcoin, not dollars or any other fiat currency. You are then selling the bitcoin on a market to someone that has a lot to invest again and he invests the money to buy the bitcoin from you. That's what I found out when I was learning about bitcoin...
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February 05, 2015, 06:19:22 PM
 #2477

To be honest, I wouldn't peg Bitcoins you earn to any intrinsically fake-paper Smiley

If you are in this for quick investments and quick returns, you should be investing in other bonds or stock options but not into cloud mining contracts imho.
If I was to invest, I personally would always choose some future currency or commodity like Bitcoin or Gold/Silver.

In the end, people who believe in the currency go about their business like they always have, when buddies tell you that Bitcoin will rise, you want to invest in it now for the future and see any investment, either directly into mining shares, equipment or coins directly, as a valuable, cryptographically secure asset for the future, unlike other promises made by someone else than the Blockchain!

I am certain a lot of the people who complain in this thread wouldn't be complaining right now if Bitcoin would rise to 1200$ again or Litecoin to 20$. Then suddenly, Cloud mining would become the new best thing, until all those start to dump the crap out of the coins again and we have the same scenario as now. It's always easy to blame problems on others or the way they operate but if you are so certain about the Bitcoin price stabilizing here - then you shouldn't really be investing in anything related to Bitcoin anyways because you just doomed the coin to be the slave of the Dollar forever more. If you check out YouTube, look up Andreas Antropolous and Future of Bitcoin. I think what he says is very much accurate and something that holds a lot of value that short-term investors just fail to realize, but since we live in a free system on the Internet, scamming and fudding will always be a part of an unmoderated community of people, so you just got to believe in what you think has value and dump the rest, which is why some coins currently are very low in the market cap but carry an extremely high value to the system, and will eventually rise out of the $-dump hell they are under Smiley

TL;DR: Pegging Bitcoins to $ has brought us to the current mining situation. Looking ahead of time and pegging it to it's natural environment would be a decision a believer will inevitably need to make to bring the entire crypto-space forward and upward!

My 2 satoshis...
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Seems I deinvested all my btc :(


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February 05, 2015, 08:11:09 PM
 #2478

According to your calculator, 1 th makes me 2.76 per day O _ O thats incredible
Edit: Oh I forgot about maintenance fee.

You are sadly confused at 1 th/s that's 1000 gh/s or 1.0 th/s you'll make daily ( and this is before any fees are debited out)

per Day   0.01218492 BTC       $2.65
per Week   0.08529441 BTC          $18.53
per Month   0.37087839 BTC          $80.57

I know when you are looking at the genesis page and buying it shows in .1th that's 10 gh/s takes 1000 gh/s to make 1 th/s

O and atm time of this post 1 th/s will cost $469.00 or 2.176 btc.

So it might not take you till  60 to ROI after all Smiley

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February 05, 2015, 10:56:40 PM
 #2479

Price may around this level all of 2015 and only the block halving in 2016 will cause it to increase  Roll Eyes

Looking at the network hashpower, it looks like all the 1watt and 1.2watt mining equipment (some may be farms) is still functional, even when it is not switched on for mining  Shocked

Whenever, the BTC prices goes above $220 these farms and equipment are switched on - mine some BTC and immediately convert it into Fiat Currency, which causes the price to head back downwards below $219.

Therefore, their is still 362PTHs network hashpower, but it is only switched off when BTC is a below certain price benchmarks.

Around 362PTHs around $245 plus
Around 310 PTHs around $220 plus
Around 250 PTHs around $200 plus

Consequently, network difficulty will have to be held around 41500000000 right up to the block halving in mid 2016  Shocked

Obviously, when the block reward is halved mid 2016, the 1watt and 1.2watt mining equipment will need BTC price of $400 before being switched on, so price will definitely climb alot  Grin Wink
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February 06, 2015, 01:33:33 AM
 #2480

I dont think networks are saving any money by turning machines off when btc price is low, while others continue to mine and make coin.  In the mean time while they are waiting for btc price to rise diff is increasing.

I expect diff to be 80-100 billion by next year.

Why do you think block halving will increase btc price?

 It will only decrease rewards for miners.


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