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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381951 times)
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samsonn25
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February 13, 2015, 01:52:36 AM
 #2521

Ready for a long term investment...upgrading to more in the next few days : )



-B-


About .14 electricity and .50 watt/  efficiency
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Seems I deinvested all my btc :(


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February 13, 2015, 02:22:46 AM
 #2522

Well you sir are getting royal screwed.. according to https://alloscomp.com/bitcoin/calculator

Your weekly (before fees are) $6,933.37 @ 221.10 per btc and you are only get $2,400?

LoL that's about 3/4 in fees ouchieee Cry

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galdur
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February 13, 2015, 02:24:31 AM
 #2523

Man, I wish I had more money than sense ...

In my current investments an outlay of 750 BTC would be earning AT LEAST 5 BTC per day net. And that´s a slow day  Grin

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Ces't la vie baby.


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February 13, 2015, 05:40:32 AM
 #2524

I did this for those people who prefer rigid historical analysis versus future modelling of economic conditions analysis. I know some people prefer the former to the latter, even if that kind of analysis is less profitable in the long run Roll Eyes

Using this chart at coindesk:

http://www.coindesk.com/data/bitcoin-mining-difficulty-time/

20 May 2014: 6.9 billion start

27 September 2014: 34.6 billion finish

Net increase over 4.3 months 5x or 500% higher  Shocked

28 September 2014: 34.6 billion start

11 February 2015: 44.45 billion finish --Today---

Net increase 4.3 months 28.46%  Cheesy

The last measurement over the last 4.3 months looks much better and speculatively hints at a difficulty halting its rising trend at some point in 2015 (at least for a short while) Shocked


Hmm, I guess (from what I'm reading here) the craze of mining is starting to slow as the price balances out. I'm in for the long haul, might as well buy a few more hashes. Smiley

Remember difficulty is going up in 11 days to 48.45 billion, dividends will be reduced by 8.39%; adjust your ROI calculations and decide if it is worthwhile. I bought my hash in December and therefore I've got some of BTC back Wink

Also, AMhash1 at Havelock is less productive, but considerably cheaper. But, excellent customer service, error free payouts, regularity of payouts and coin choice is not part of that package. So, if you like the overall package of benefits at Genesis mining (I got my BTC converted into DRK and LTC for 1 month, which has done nicely) is what you need to relax, then it is the right choice for you Roll Eyes

I do prefer GM to anyone else, simply on the premise that according to my research they're likely to be around the longest. I'll have to factor in the diff change, but I'm not dropping too much capital into it.

Man, I wish I had more money than sense ...

In my current investments an outlay of 750 BTC would be earning AT LEAST 5 BTC per day net. And that´s a slow day  Grin

Man, and here I am with less than a TH trying to make the most of a student budget lol.  Tongue

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February 13, 2015, 05:49:49 AM
 #2525

I did this for those people who prefer rigid historical analysis versus future modelling of economic conditions analysis. I know some people prefer the former to the latter, even if that kind of analysis is less profitable in the long run Roll Eyes

Using this chart at coindesk:

http://www.coindesk.com/data/bitcoin-mining-difficulty-time/

20 May 2014: 6.9 billion start

27 September 2014: 34.6 billion finish

Net increase over 4.3 months 5x or 500% higher  Shocked

28 September 2014: 34.6 billion start

11 February 2015: 44.45 billion finish --Today---

Net increase 4.3 months 28.46%  Cheesy

The last measurement over the last 4.3 months looks much better and speculatively hints at a difficulty halting its rising trend at some point in 2015 (at least for a short while) Shocked


Hmm, I guess (from what I'm reading here) the craze of mining is starting to slow as the price balances out. I'm in for the long haul, might as well buy a few more hashes. Smiley

Remember difficulty is going up in 11 days to 48.45 billion, dividends will be reduced by 8.39%; adjust your ROI calculations and decide if it is worthwhile. I bought my hash in December and therefore I've got some of BTC back Wink

Also, AMhash1 at Havelock is less productive, but considerably cheaper. But, excellent customer service, error free payouts, regularity of payouts and coin choice is not part of that package. So, if you like the overall package of benefits at Genesis mining (I got my BTC converted into DRK and LTC for 1 month, which has done nicely) is what you need to relax, then it is the right choice for you Roll Eyes

I do prefer GM to anyone else, simply on the premise that according to my research they're likely to be around the longest. I'll have to factor in the diff change, but I'm not dropping too much capital into it.

Man, I wish I had more money than sense ...

In my current investments an outlay of 750 BTC would be earning AT LEAST 5 BTC per day net. And that´s a slow day  Grin

Man, and here I am with less than a TH trying to make the most of a student budget lol.  Tongue

I was referring to that Bittburger guy and his dead money. I figure his outlay was like 750 BTC. The yield is just paltry. And that´s putting it mildly. And with the BTC price $100 or so from taking that yield to zero or so this small yield makes even less sense with such a large investment. He must have listened to idiots who are useless except as counter-indicators.


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February 13, 2015, 07:01:01 AM
 #2526

Ready for a long term investment...upgrading to more in the next few days : )



-B-


Man o man, so cool, what a power do you have!!!
You must have 1/4 of all Genesis Mining power!?

Can i see your coin selection as well? Guess there will be some Unobtanium in there?

p.s
Hope you used my discount voucher  Grin

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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February 13, 2015, 07:07:00 PM
 #2527

Ready for a long term investment...upgrading to more in the next few days : )



-B-

So the sleeping whales awake Smiley

In my opinion this can work out. In the current market environment efficiency is the key. If you are one of the most efficient miners, you will stay in the market while others have to turn their machines off. We are clearly moving away from an exponential growth scenario where you had to ROI within 2-3 months (or get screwed by the exponential function) to a more sustainable scenario where mining is a long term investment.

The only negative scenarios that can happen are:

1) Mass deployment of machines with same electricity efficiency class and cheaper or free electricity. This is unlikely to happen. Those who have cheap electricity available will already make a profit from it. I am not talking about 100 kW free electricity here, but about amounts like 20-50 MW that make a difference.

2) Significantly more efficient ASICs are available. This could theoretically happen, however: (i) making major improvements over current design gets gradually more difficult (and expensive!)  (ii) investments in chips would have been taken place at a time where Bitcoin price was under massive pressure (iii) I am not aware of any next generation tape outs (a friend has good contact to several manufacturers and he did not hear about next generation chips).

I have purchased also some sha256 hashrate recently (knowing that it is a long-term investment). Thumbs up BittBurger!

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February 13, 2015, 07:30:59 PM
 #2528

Well, at the moment BTC doesn´t seem to be at death´s door - a rare occurrence. Let´s hope it lasts.

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February 14, 2015, 08:47:22 PM
 #2529

I am thinking about buying some TH from genesis mining, could anybody inform me about the ROI and maintenance fee? No matter how hard I try, I am not able to find the maintenance fee Sad
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February 14, 2015, 08:53:58 PM
 #2530

I am thinking about buying some TH from genesis mining, could anybody inform me about the ROI and maintenance fee? No matter how hard I try, I am not able to find the maintenance fee Sad

It's in the contract.

1) Open an account
2) Purchase GHS (without actually purchasing)
3) Before the final confirmation page you will be able to "View Contract".

I believe it is 0.0015 USD.
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February 14, 2015, 09:08:44 PM
 #2531

I am thinking about buying some TH from genesis mining, could anybody inform me about the ROI and maintenance fee? No matter how hard I try, I am not able to find the maintenance fee Sad
I believe it is 0.0015 USD.

Correct!

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February 14, 2015, 10:14:13 PM
 #2532

Ready for a long term investment...upgrading to more in the next few days : )



-B-


Man o man, so cool, what a power do you have!!!
You must have 1/4 of all Genesis Mining power!?

Can i see your coin selection as well? Guess there will be some Unobtanium in there?

p.s
Hope you used my discount voucher  Grin

This is a lot of hash. You have a lot to lose for Section 4. Term part b "Termination with immediate effect" of the contract?
galdur
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February 15, 2015, 05:48:22 AM
 #2533

I´m sure Bittburger will update regularly on his fantastic investment


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February 15, 2015, 06:49:38 AM
 #2534

Ready for a long term investment...upgrading to more in the next few days : )



-B-


Man o man, so cool, what a power do you have!!!
You must have 1/4 of all Genesis Mining power!?

Can i see your coin selection as well? Guess there will be some Unobtanium in there?

p.s
Hope you used my discount voucher  Grin

This is a lot of hash. You have a lot to lose for Section 4. Term part b "Termination with immediate effect" of the contract?
I think this guy contacted Genesis Mining and made some better terms of service for his selves.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
samsonn25
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February 15, 2015, 07:01:32 AM
 #2535

With the capital outlay I would rather buy the 500+ coins outright rather than mine.   Im certain the contract will only bring in about half that.
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February 15, 2015, 08:21:35 AM
 #2536

With the capital outlay I would rather buy the 500+ coins outright rather than mine.   Im certain the contract will only bring in about half that.

Yes, it s hard to say whether this is a smart decision. With well timed reinvesting, he can probably reach his ROI unless we come back to 30% per month diff increase which I seriously doubt unless BTC price goes back to $1000. However, this does not change the fact there are cheaper cloud mining options available.

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February 15, 2015, 03:53:48 PM
 #2537

[...]  he can probably reach his ROI unless we come back to 30% per month diff increase which I seriously doubt unless BTC price goes back to $1000. However, this does not change the fact there are cheaper cloud mining options available.

Agreeing with the first part. It can turn out to be a good investment.

For the second part: crazyivan, arent you the guy who promoted

1) PBMining which turned out to be a scam
2) an arbitrage trading site which turned out to be a scam
3) LTCgear which turned out to be a scam

?
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February 16, 2015, 07:53:37 AM
 #2538

[...]  he can probably reach his ROI unless we come back to 30% per month diff increase which I seriously doubt unless BTC price goes back to $1000. However, this does not change the fact there are cheaper cloud mining options available.

Agreeing with the first part. It can turn out to be a good investment.

For the second part: crazyivan, arent you the guy who promoted

1) PBMining which turned out to be a scam
2) an arbitrage trading site which turned out to be a scam
3) LTCgear which turned out to be a scam

?

Never used or promoted PBMining. LTCgear s still on and arbitrage site has been refunding people since the crash.  Also, all of my investments are my own choices and whenever I promote something I clearly state it s extremely risky so people can decide whether this is something for them or not.
Trying to discredit me s not going to stop me posting on this thread unless you ban me from it, now I m gonna be even more interested in Genesis Mining offer and results. BTW, I used to promote Genesis Mining as well. That one, I admit, was a big time mistake.

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February 16, 2015, 10:15:25 AM
 #2539

Never used or promoted PBMining. LTCgear s still on and arbitrage site has been refunding people since the crash.  Also, all of my investments are my own choices and whenever I promote something I clearly state it s extremely risky so people can decide whether this is something for them or not.
Trying to discredit me s not going to stop me posting on this thread unless you ban me from it, now I m gonna be even more interested in Genesis Mining offer and results. BTW, I used to promote Genesis Mining as well. That one, I admit, was a big time mistake.

Why is that? All the others crushed while this one is still officially working and quite transparent in their operations.
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February 16, 2015, 01:08:50 PM
 #2540

Never used or promoted PBMining. LTCgear s still on and arbitrage site has been refunding people since the crash.  Also, all of my investments are my own choices and whenever I promote something I clearly state it s extremely risky so people can decide whether this is something for them or not.
Trying to discredit me s not going to stop me posting on this thread unless you ban me from it, now I m gonna be even more interested in Genesis Mining offer and results. BTW, I used to promote Genesis Mining as well. That one, I admit, was a big time mistake.

Why is that? All the others crushed while this one is still officially working and quite transparent in their operations.

That is easy: Genesis is only paying relatively small bonus if you promote them (like 2.5%). Promoting scams gives a much higher return (like 10+%).

So guess what people like him prefer?

It is always the same: open some scam cloudmining site and promise quick ROI. Promotion is done by people who write in the forums that there are "better ROI" opportunities available. They earn a nice bonus for this and do not take any responsibility.

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