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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 384096 times)
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birdcat90
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April 17, 2015, 05:34:17 AM
 #2721

now the downward has been started..

just got payment below 20k...its look like affected by the price of bitcoin for now?

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flyingplows
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April 17, 2015, 07:47:34 AM
 #2722

now the downward has been started..

just got payment below 20k...its look like affected by the price of bitcoin for now?

Of course it is affected, but I remember genesis-mining saying that they would still be able to operate at BTC below 150$, or it might have been mentioned even lower so I guess contracts will still run, will not be terminated and will wait for better days Wink

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April 20, 2015, 11:55:04 AM
 #2723

now the downward has been started..

just got payment below 20k...its look like affected by the price of bitcoin for now?

Of course it is affected, but I remember genesis-mining saying that they would still be able to operate at BTC below 150$, or it might have been mentioned even lower so I guess contracts will still run, will not be terminated and will wait for better days Wink

Thats what I heard too... however I have not got a single payout for the past month or so. Granted I have only 1 mhs but isnt that worth even a payout of 1 satoshi? Utter waste of money in my opinion.

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louise123
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April 20, 2015, 12:00:53 PM
 #2724

Can we get our money back if we don't want to continue with you.

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Lies
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April 20, 2015, 12:21:38 PM
 #2725

now the downward has been started..

just got payment below 20k...its look like affected by the price of bitcoin for now?

Of course it is affected, but I remember genesis-mining saying that they would still be able to operate at BTC below 150$, or it might have been mentioned even lower so I guess contracts will still run, will not be terminated and will wait for better days Wink

Thats what I heard too... however I have not got a single payout for the past month or so. Granted I have only 1 mhs but isnt that worth even a payout of 1 satoshi? Utter waste of money in my opinion.

You must have mined a minimum of 5430 satoshi to get a payout. It should accumulate till you reach that amount.
Like explained in this users vid: https://youtu.be/8bnX9CnbNa0?t=2m
julian071
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April 21, 2015, 06:09:07 PM
 #2726

Can we get our money back if we don't want to continue with you.

Always read the terms and conditions before deciding whether or not to agree to a contract. You did not read them otherwise you would have known the answer is 'no'.

There are other options out there with other cloud mining companies that offer different forms of getting (part of) your money back. Megamine for example will buy back a prepaid contract for a certain price. Other companies allow you to sell your 'share' to other users. But of course, these options come at a price.

I guess you did not do any research into the different options. You're lucky you ended up with Genesis-mining. It's one of the few respectable cloud mining companies and it has a very decent return on investment. Sure, not as high as on some of the (now collapsed) ponzi schemes and certainly not as high as the unrealistic expectations that some of the kids on this forum have, but much better then you would get with most any other investment vehicle.

Even though I lost a sizeable investment on Scrypt mining, I'm very happy with how things are going =) Most of my money is in SHA256.

=P
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April 21, 2015, 09:40:30 PM
 #2727

Hey Miners,

Check out the new presentation Marco gave at the "State of Digital Money" conference in L.A. addressing the issues and growing concerns about ponzi schemes in the mining market.

https://www.youtube.com/watch?v=oAXtTftPTkI

Happy Mining,
Your Genesis Mining Team

birdcat90
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April 22, 2015, 08:54:25 AM
 #2728

Can we get our money back if we don't want to continue with you.
i dont think so, because there is no exit plan from genesis mining..

when gm need to terminate our contract,its all because the price of btc to low to cover our cost..lets pray bitcoin will fly so our contract will running forever

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kapetan
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April 23, 2015, 01:10:22 AM
 #2729

hi
What is the current ROI here ?

1. BTCjam: Mining and trading loan #4 https://goo.gl/rwj84u , 2. Scrypt.cc Cloud Mining with 120 Days ROI http://goo.gl/LXomWh ,
3. Haas Bot Trade your Cryptos http://goo.gl/unM0TF , 4. Bitgold Invest to BTC & Gold http://goo.gl/7T3K6O
flyingplows
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April 23, 2015, 08:54:53 AM
 #2730

hi
What is the current ROI here ?

 Grin lol, believe me you don't want to know my friend Wink

julian071
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April 23, 2015, 02:06:51 PM
 #2731

hi
What is the current ROI here ?

 Grin lol, believe me you don't want to know my friend Wink

You give no information, there is nothing to believe or not to believe bro.

kapetan, if you want to calculate ROI you can use an online profitability calculator and use the numbers you can get from the terms and conditions on the Genesis-mining website. You'll have to register an account and start the ordering proces in order to see the terms and conditions.

Right now you pay $ 1,50 per TH per day on maintenance fees. If you enter those numbers in a profitability calculator so that electricity costs amounts to $ 1,50 a day (e.g. use 625 watts and $ 0,10 / kWh) then ROI is in 466 days.

For other amounts just get the appropriate numbers from Genesis and enter them in a calculator.

=P
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April 23, 2015, 03:35:52 PM
 #2732

hi
What is the current ROI here ?

 Grin lol, believe me you don't want to know my friend Wink
I made roi a long time ago Lips sealed Why are people bashing Genesis Mining, they are the only one i do trust.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
birdcat90
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April 23, 2015, 11:19:26 PM
 #2733

hi
What is the current ROI here ?

the current ROI on this cloudmining is around 365 days..and it can increased or decreased by the value of the bitcoin itself..

if its down then you must facing the minimum price of bitcoin to be able to run the miner..so prepared for the worst case.

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April 24, 2015, 03:18:23 AM
 #2734

Genesis is good if you NEED to know theres real hardwear, they attend all conferences, but as far as for us little guys theres way better choices. they will gladly give you a dollar each day if u give them 1000 today Smiley lowest ROI in the biz, no liquidity, no customer service, and NO REFUNDS. its a shame such a big company went this way, they had the biggest chance until they started hiring phony redditors and making ROI impossible (u will have to keep buying power to stay profitable)

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April 25, 2015, 01:38:17 PM
 #2735

Always i see scrypt hash power is out of stock. When can i expect it to be available?
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April 25, 2015, 03:00:29 PM
 #2736

Always i see scrypt hash power is out of stock. When can i expect it to be available?

Never. It was canceled because it was ''unprofitable''. And the hashrate was exchanged for sha256 at a ridiculous rate. If they ever sell scrypt again - it's a spit in the face of their customers, so the shit will not become available Wink

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April 25, 2015, 03:11:28 PM
 #2737

Hello flyingplows,

This is not correct. We will continue to sell scrypt hashpower as soon as we have access to efficient enough next generation chips which will not be too far away in the future.

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April 25, 2015, 03:12:28 PM
 #2738

Hello flyingplows,

This is not correct. We will continue to sell scrypt hashpower as soon as we have access to efficient enough next generation chips which will not be too far away in the future.

Too bad for you. Buyer beware. Embarrassed

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April 25, 2015, 09:16:31 PM
 #2739

Hello flyingplows,

This is not correct. We will continue to sell scrypt hashpower as soon as we have access to efficient enough next generation chips which will not be too far away in the future.

Ok ,

So does this mean that people who bought scrypt contracts and were unjustly converted to SHA256 contracts will get re-converted to Scrypt contracts? If this is not the case, then good luck selling those new scrypt contracts because people here should be fore-warned that you guys will convert those scrypt contracts to SHA256 at your own whims and fancies and they will be left with egg on their faces. This is what has happened to so many of us, and i feel its very unfair that you would sell scrypt contracts again without converting your original buyers back to scrypt contracts from SHA256.  Embarrassed

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April 25, 2015, 11:10:08 PM
 #2740

Always i see scrypt hash power is out of stock. When can i expect it to be available?

Never. It was canceled because it was ''unprofitable''. And the hashrate was exchanged for sha256 at a ridiculous rate. If they ever sell scrypt again - it's a spit in the face of their customers, so the shit will not become available Wink

yep a 1 to 1 conversion 1 mh/s = 1 gh/s and time of buying scrypt cost was 1000  times higher then sha256.

Basically blew .7 btc to get 20 gh/s


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