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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381347 times)
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crazyivan
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February 20, 2015, 07:09:43 AM
 #2561

Could someone tell me what the current ROI for Genesis contracts are? Thanks

Between 300-500 days, depending of diff/price There are cheaper options available but Genesis has been providing stable and uninterrupted payouts in the past.

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IanFoxley
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February 20, 2015, 10:03:48 AM
 #2562

GAW Miners and GM comparison Day 158 video is now up.
https://www.youtube.com/watch?v=WueXoH3tjts

Not really a comparison anymore though, as GAW Miners has stopped cloud mining and GM terminated my Scrypt contract.
Please watch the video if you can and then give me your thoughts about some of the questions I ask. Would love feedback.

Ian

samsonn25
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February 20, 2015, 10:08:27 AM
 #2563

Could someone tell me what the current ROI for Genesis contracts are? Thanks

Between 300-500 days, depending of diff/price There are cheaper options available but Genesis has been providing stable and uninterrupted payouts in the past.

This is how they make money.  After  you pay up front for the length of the contract.  And when diff reaches  a certain  point where their costs are unprofitable (they add maintenance  costs and a few cents on top of their costs  for electricity) (maybe in 90-120) days they cancel  the contract  and its over.  Whereas if you bought a physical  machine  (there is equipment capital resale value) you can always sell it to someone  who  has less  electricity  and  maintenance  costs/overhead.
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February 20, 2015, 12:26:42 PM
 #2564

Could someone tell me what the current ROI for Genesis contracts are? Thanks

Between 300-500 days, depending of diff/price There are cheaper options available but Genesis has been providing stable and uninterrupted payouts in the past.

Thanks but that is a long time to wait to break even in the current environment with price declining and difficulty increasing.

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February 20, 2015, 12:37:47 PM
 #2565


It was big news for Bitcoin and crypto currencies in general when last summer Dell announced that they are going to start accepting Bitcoin payments in the U.S. and another good news just came from the company. Today Coinbase, the payment processor that Dell uses for Bitcoin payments, announced that they are working with Dell to expand Bitcoin as a payment option for Dell’s customers in the United Kingdom and Canada. Although it is still very limited in terms of international markets that will be supported, the fact that Dell is willing to expand the support for crypto payments is a positive sign that it is apparently working for them generating extra profit for the company. And if large companies such as Dell find Bitcoin payments useful (profitable), then this is really positive recognition of the BTC.
Link: http://cryptomining-blog.com/4324-dell-to-expand-bitcoin-acceptance-to-uk-and-canada/


Goood news  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
cloh76
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February 20, 2015, 12:53:24 PM
 #2566

Could someone tell me what the current ROI for Genesis contracts are? Thanks

Between 300-500 days, depending of diff/price There are cheaper options available but Genesis has been providing stable and uninterrupted payouts in the past.

This is how they make money.  After  you pay up front for the length of the contract.  And when diff reaches  a certain  point where their costs are unprofitable (they add maintenance  costs and a few cents on top of their costs  for electricity) (maybe in 90-120) days they cancel  the contract  and its over.  Whereas if you bought a physical  machine  (there is equipment capital resale value) you can always sell it to someone  who  has less  electricity  and  maintenance  costs/overhead.

That's the risk you take when you choose cloud mining.  Usually it's the choice for those who do not have the luxury to purchase the equipment due to high cost of electricity and the inability to host their own equipment.  It's a gamble, but some people do not have an alternative.

I personally hold a mixture of cloud mining contracts on top of my physical equipment.

You can also go with Hashnest since you have the option of getting the actual equipment if they were to stop cloud mining.

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micky123
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February 20, 2015, 12:59:26 PM
 #2567

Have you guys introduced the option to sell our contracts? I have not earned anything for the past few weeks and find no use in keeping this contract which is a measly 1 MH/s. I heard rumors that there would be a market on the site soon, so just wondering if the market is available. I cannot login to my account atm, but if there is a market, i will find the login details so i can login and sell my contract.
Glucose
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February 21, 2015, 03:05:53 PM
 #2568

Have you guys introduced the option to sell our contracts? I have not earned anything for the past few weeks and find no use in keeping this contract which is a measly 1 MH/s. I heard rumors that there would be a market on the site soon, so just wondering if the market is available. I cannot login to my account atm, but if there is a market, i will find the login details so i can login and sell my contract.

Unfortunately it's not available at the moment. But I agree it would be great to be able to sell it. I support your request.

birdcat90
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February 21, 2015, 09:14:44 PM
 #2569

i got my payment for every 3 days now

had small hash here around 0.003Thash that converted from 3 Mhash scrypt

GM go recovery

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Serlite
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February 21, 2015, 11:41:00 PM
 #2570

i got my payment for every 3 days now

had small hash here around 0.003Thash that converted from 3 Mhash scrypt

GM go recovery

Me too! At 8-9 Doge a day, ROI is only in...

...

...*sigh*...

Oh well. Better than nothing! But only just. =P

WEBcreator
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February 22, 2015, 05:06:18 AM
 #2571

Have you guys introduced the option to sell our contracts? I have not earned anything for the past few weeks and find no use in keeping this contract which is a measly 1 MH/s. I heard rumors that there would be a market on the site soon, so just wondering if the market is available. I cannot login to my account atm, but if there is a market, i will find the login details so i can login and sell my contract.

Unfortunately it's not available at the moment. But I agree it would be great to be able to sell it. I support your request.

i support this too as im intended to sell my contracts due to the price that keep on plummeting, id reach ROI in like 250+ days that is with this diff, not counting the next + diff  Undecided Undecided

Glucose
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February 22, 2015, 01:51:45 PM
 #2572

Mmh.. Didn't received my payment yesterday (mining day 20.02.2015). Did you guys received it ?

ZorroPai
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February 22, 2015, 01:54:11 PM
 #2573

Mmh.. Didn't received my payment yesterday (mining day 20.02.2015). Did you guys received it ?

I am missing the paymants too.

But GM pays regularly.
I think today or tomorrow we will receive all payments.  Wink

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Glucose
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February 22, 2015, 02:15:41 PM
 #2574

Mmh.. Didn't received my payment yesterday (mining day 20.02.2015). Did you guys received it ?

I am missing the paymants too.

But GM pays regularly.
I think today or tomorrow we will receive all payments.  Wink

Sure, I'm quite confident but I prefer when GM communicate about the issues Tongue

koenmtb1
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February 22, 2015, 09:28:34 PM
 #2575

Mmh.. Didn't received my payment yesterday (mining day 20.02.2015). Did you guys received it ?

I am missing the paymants too.

But GM pays regularly.
I think today or tomorrow we will receive all payments.  Wink

Sure, I'm quite confident but I prefer when GM communicate about the issues Tongue

I just got a payout. Not sure what the issue was...
dead_m92
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February 22, 2015, 09:56:46 PM
 #2576

I got 1 payment as well but 1 is still missing.

Dont know if this payment is for yesterday or 2 days ago

gm could you pls comment on that issue

thanks

regards dead money

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February 22, 2015, 10:14:34 PM
 #2577

I got 1 payment as well but 1 is still missing.

Dont know if this payment is for yesterday or 2 days ago

gm could you pls comment on that issue

thanks

regards dead money

Yep same its showing that you missed payment for yesterday and today you did 2 payouts and coinbase is only showing only 1 payment ( and no they were not combined)

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galdur
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February 22, 2015, 11:06:54 PM
 #2578

Books squared now as of mining day 2/21.

Michael (GM)
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February 22, 2015, 11:08:37 PM
 #2579

If you go to the PAYOUTS page in your account, it will show you exactly for which Mining Day each payment is. The payment for Mining Day 20.02.2015 has gone out now. It may be showing twice, but that's a display issue only. Your wallet won't receive it twice Wink

Payout for Mining Day 21.02.2015 will follow shortly, or just about now.

It's not a combined payment so you can keep track of which Mining Day was paid out and which wasn't (yet).
Marco Krohn (GM)
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February 23, 2015, 11:04:18 AM
 #2580

If you ever wondered how a Genesis Mining Payout looks like:

http://youtu.be/bC719kfQPsc?list=PLOAVQeRGPCpAzb7nHFP_MazQHH7eeajTu



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