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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381354 times)
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kapetan
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April 03, 2015, 07:44:06 AM
 #2701

hi guys

What is the current ROI in Genesis-mining.com ?


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thevictimofuktyranny
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April 03, 2015, 04:37:25 PM
 #2702

hi guys

What is the current ROI in Genesis-mining.com ?



Hi, current payout at BTC $245 is 4.165mbtc or 0.000004165 per 1 GHs.

50 GHs is about 0.10BTC, which equates to 480 days ROI; assuming no further increases in difficulty. Not really worth it, as the BTC block halving is in 1 year 3 months and this mining contract will not survive that reward halving unless BTC price increases to $390 per BTC.

You may want to wait, for Genesis Mining to introduce the next generation of mining equipment for Cloudmining, because the current mining equipment is over 6 months old.

But, Gensis Mining is European operation and they operate up to EU Ethical Business Standards - so you pay for added peace of mind, compared to non-European operations.

PBmining - Pakistan/Bangladesh and most investors lost up to 99% of their BTC.
Hashie - Chinese and Gen 1 investors lost up to 99% of their BTC.
AMHash - Chinese and investors lost up 65% of their BTC.

So, EU Ethical Standards are a lot higher then outside EU (the UK does not follow EU Ethical Standards).



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April 04, 2015, 11:08:38 PM
 #2703

payment still steady above 20k for 0.05 Thash

if this stay longer maybe about 1 month i will buy more hash..hehe..

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galdur
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April 04, 2015, 11:12:51 PM
 #2704

payment still steady above 20k for 0.05 Thash

if this stay longer maybe about 1 month i will buy more hash..hehe..

Looks like that´s about to take quite a hit.

Estimated Next Difficulty:   49,850,290,641 (+6.71%)
Adjust time:   After 30 Blocks, About 4.9 hours

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April 05, 2015, 09:12:28 AM
 #2705

payment still steady above 20k for 0.05 Thash

if this stay longer maybe about 1 month i will buy more hash..hehe..

Looks like that´s about to take quite a hit.

Estimated Next Difficulty:   49,850,290,641 (+6.71%)
Adjust time:   After 30 Blocks, About 4.9 hours

I did notice also, like you have mentioned Galdur that the hashrate shot up for a week or so before the difficulty change, then dropped suddenly, like you say, it is almost like it is being done on purpose to make the difficulty rise to a certain level knowing that it will not be able to fall enough before it has to change again, if that makes sense.

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April 05, 2015, 11:56:09 AM
 #2706

payment still steady above 20k for 0.05 Thash

if this stay longer maybe about 1 month i will buy more hash..hehe..

Looks like that´s about to take quite a hit.

Estimated Next Difficulty:   49,850,290,641 (+6.71%)
Adjust time:   After 30 Blocks, About 4.9 hours

I did notice also, like you have mentioned Galdur that the hashrate shot up for a week or so before the difficulty change, then dropped suddenly, like you say, it is almost like it is being done on purpose to make the difficulty rise to a certain level knowing that it will not be able to fall enough before it has to change again, if that makes sense.

Well, I didn´t follow this diff. period as closely as those from what two months ago but am not surprised if it looked sort of managed. The Chinese Cartel ? They are biggest in mining AND selling BTC over there. Maybe it´s just another money machine to them and nothing else.

Good luck, g

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April 06, 2015, 05:20:28 AM
 #2707

There is no return on an investment in this, it is a big scam and a waste of your money.
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April 06, 2015, 10:34:28 AM
 #2708

There is no return on an investment in this, it is a big scam and a waste of your money.

You bashing Genesis is getting old. Get over your failed scrypt-investment already. Moaning about it won't make it better or go away. You have got to own up to your own mistakes.

=P
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April 09, 2015, 02:14:31 AM
 #2709

So is it no longer a good point to upgrade my hashing power?


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(en)Lightning
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Seems I deinvested all my btc :(


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April 09, 2015, 02:23:23 AM
 #2710

Not on this sinking ship.

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micky123
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April 09, 2015, 06:52:04 AM
 #2711

So is it no longer a good point to upgrade my hashing power?

Nope,

i don't think its a good time to buy any more hash, BTC price is falling and IIRC, GM has a clause somewhere that says that they will stop mining if BTC reaches a level where it would not be profitable to mine anymore. They will stop mining and you will be left with Hash that holds no value at all. In fact, all cloud mining companies have such a clause in their contracts. I am still unhappy that GM does not have a market where i can sell my hash and users like you, can buy my hash at cheaper rates than what they are offering atm. Zenmining offered such a feature and when i saw the price of BTC going down, i managed to rid myself of my hash power on their markets and managed to even make a small profit due to the earnings prior to the big BTC dump. GM has left me nowhere. I cannot sell the useless 1 MHS that i purchased (at a much higher price than Zen, mind you!) which does not earn me anything as it just sits there and does nothing. I should have an option to sell that 1 MHS on a market so i can salvage some part of my investment IMO.
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April 09, 2015, 08:36:32 AM
 #2712

So is it no longer a good point to upgrade my hashing power?

Certainly not. Just hold your coins and wait for btc to be on the rise again. And if you absolutely must buy some cloudmining I would suggest to look for more profitable services. There are some, just look around here at this forum Wink

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April 09, 2015, 02:39:04 PM
 #2713

So is it no longer a good point to upgrade my hashing power?

Certainly not. Just hold your coins and wait for btc to be on the rise again. And if you absolutely must buy some cloudmining I would suggest to look for more profitable services. There are some, just look around here at this forum Wink

If you know any other Cloud Mining Service that has a better return but is not a ponzi, I'd love to hear about it. I've researched this extensively and the only alternative I found is Megamine.com, who have some interesting all-in packaged (no fees, everything prepaid).

=P
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April 10, 2015, 05:19:11 PM
 #2714

Just reposting about the fact that I am posting daily Genesis Mining and also from a few days ago, Spondoolies payouts based on 50GH/s contracts.

https://bitcointalk.org/index.php?topic=768931.msg11045038#msg11045038

Will try and update each day.

Hoping it will be useful for current users to compare and also for anyone interested in current payout info.

Ian

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April 11, 2015, 05:23:40 AM
 #2715

when bitcoin price below 150$ does genesis mining stop hashing or mining?

so what happen with our contract? does it hiatus and can resume sometimes?

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April 11, 2015, 07:25:58 PM
 #2716

when bitcoin price below 150$ does genesis mining stop hashing or mining?

so what happen with our contract? does it hiatus and can resume sometimes?
I believe Genesis can do way below the 150$ mark

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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April 11, 2015, 07:58:05 PM
 #2717

when bitcoin price below 150$ does genesis mining stop hashing or mining?

so what happen with our contract? does it hiatus and can resume sometimes?

You guys really planning for such lows? Roll Eyes If so just don't even count if it will stop or not - don't cloudmine and sell your btc Smiley You can buy when it is cheap Tongue

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April 12, 2015, 08:44:51 AM
 #2718

when bitcoin price below 150$ does genesis mining stop hashing or mining?

so what happen with our contract? does it hiatus and can resume sometimes?

You guys really planning for such lows? Roll Eyes If so just don't even count if it will stop or not - don't cloudmine and sell your btc Smiley You can buy when it is cheap Tongue

i mean in case btc price drop that low..but who knows in this volatile market right?

i hope gm will have wise decision when that happened..

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April 15, 2015, 07:17:23 AM
 #2719

Boom! Upgraded...any real miners out there or am I all alone?



Nice.  When will you ROI?

Probably this decade. Man, this guy must be really rich or really, really dumb. Well, most likely both. Talk about dead money.

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April 15, 2015, 01:35:54 PM
 #2720

That`s a lot of money...sure hope he used my Voucher code   Wink

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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