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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 384096 times)
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creuz
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July 03, 2015, 11:33:32 PM
 #2881

Anyway, to come back to your original question: we have decided that we will publish one of our BTC mining addresses within the next week (about 2 PH/s). Hopefully, it will give you some more comfort that we are very real.

Hi,

Finally !

Publishing one of your BTC mining addresses is a good start.

In the future, if you provide evidence that you are doing a real work I will be able to buy again from your company (even at loss). A real time list of found blocks on the web site would make Genesis Mining completely unblamable, this is what amateurs mining pools are doing, I'm confident you are technically able to have it. I accept to lose money for a real hashing power (because it is at least securising the network), but not for a fake service.

Kind regards.
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creuz
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July 03, 2015, 11:45:05 PM
 #2882

Quote
Another point is that we would like to protect our business secrecies. Some competitors are very interested in getting to know how much hashpower we have and how much we sell every day. We are not publishing this kind of information for a reason.

Sorry you have to choose between transparency toward your customers and your so-called business secrecies. This is a false argument and the worst one, used by a lot of scammers before, so scam for scam we won't pay your more expensive service.

Keep in mind we are your business ; if you consider your hardware before your customers, don't ask us to buy your hashrate, mine for yourself.

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July 06, 2015, 08:06:10 AM
 #2883

I believe in GM and upgraded hash power Saturday, and today again because it's such a good deal for me paying with bitcoins I bought 20% cheaper than today's price  Cool

The statements of Genesis here are much appreciated, very clear and polite language. In such a competing business like mining I don't think many companies will be much more transparent than Genesis.
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July 06, 2015, 03:55:06 PM
 #2884

Publishing one of your BTC mining addresses is a good start.

Recent payments I got can be traced back to Eligius quite directly, I only have a very small amount of hash-power though, so it's not a very representative sample (I get a fraction of mBTC per day).

After a bit of taint analysis, here is what the GM hot wallet I'm paid from got from Eligius in the last days:

July 5: 51.32 BTC
July 4: 59.44 BTC
July 3: 8.22 BTC
July 2: 47.60 BTC
July 1: 61.36 BTC

This is just one pool, and just a taint analysis guesstimation, actual values are higher, and it's also chump change for the GM wallet.

So far taint analysis guesstimation shows at least between 5000 and 6000 BTC transited that hot wallet since its creation, with a current balance of at least 120 BTC.

The bulk of the deposits to that hot wallet (4300 BTC) seems to be from a script-hash wallet (addresses beginning with 3), which has lots of I/O with various crypto exchanges, so I would guess it's their auto-trader selling alts they mined for BTC.

All in all, that's not a huge amount of BTC for a major mining company (given that 7200 BTC are mined everyday, and the above hot wallet is quite old), so this would have to be a hot wallet for small-time small-hash-power customers and alt-crypto trading, with larger customers handled separately.

Finally, take all the above with a shovel of salt, this is guesstimation Smiley

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July 06, 2015, 07:30:08 PM
 #2885

well they said 1 of the mining servers was a mere 2 ph/s which isn't jack vs the 405,204.935 th/s total hash rate  that's less then .02 % if that, genesis would have to mine at some other pool to even find a block in 24 hours.

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July 07, 2015, 08:56:19 AM
 #2886

well they said 1 of the mining servers was a mere 2 ph/s which isn't jack vs the 405,204.935 th/s total hash rate  that's less then .02 % if that, genesis would have to mine at some other pool to even find a block in 24 hours.

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Total hashrate: approx. 380 PH/s   ( https://bitcoinwisdom.com/bitcoin/difficulty )

2 PH/s => 0.53%


@fairglu: the daily payout is about 3600 BTC  (=25*24*6)
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July 07, 2015, 01:51:16 PM
 #2887

Dear Genesis Mining Community.

We recently did a poll about block sizes which some of our users contributed to and the link below is an article with the thoughts
of the block size debate from our perspective and some other thoughts of Marco Streng, CEO of Genesis Mining.

https://www.cryptocoinsnews.com/please-raise-block-size-bitcoin-mining-community-poll/

Your Genesis Mining Team

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July 07, 2015, 09:32:14 PM
 #2888

Dear Genesis Mining Community.

In one of the last posts that Marco wrote here, he mentioned a new Genesis Mining tool for large-scale miners called Genesis Hive.

Coindesk have written an article about it.

http://www.coindesk.com/genesis-mining-bitcoin-efficiency/

The website is here http://genesis-hive.com/

Your Genesis Mining Team

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July 08, 2015, 01:52:54 PM
 #2889

Dear Genesis Mining Community.

In one of the last posts that Marco wrote here, he mentioned a new Genesis Mining tool for large-scale miners called Genesis Hive.

Coindesk have written an article about it.

http://www.coindesk.com/genesis-mining-bitcoin-efficiency/

The website is here http://genesis-hive.com/

Your Genesis Mining Team
This seems a great tool!
Will look in to this tomorrow

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Roquene
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July 08, 2015, 01:54:24 PM
 #2890

Just out of curiosity. Is known how much Scrypt Hashrate Genesis has total?
Zeta0S
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July 08, 2015, 02:04:42 PM
 #2891

Hello All,

This is a screenshot from my Genesis Mining Account.

I have  a total of 4 TerraHash.
You can see I am mining 95% Bitcoin and 5% Zeta coin.
Also some lottocoins (see payouts)

I thought it would be interresting  Smiley



(If you investigates the wallet addresses you can see this are real mined coins).






Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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July 08, 2015, 05:20:36 PM
 #2892

Just out of curiosity. Is known how much Scrypt Hashrate Genesis has total?

As far as I know it will just be the users on the 1 year Scrypt contracts from last year that will be using Scrypt. Although I believe if I remember, they did offer 1.5 and 2 year contracts just before they changed to lifetime so there might be some users on those too.

I dont think the scrypt hashrate will be too high now though... I for example still have 8MH/s scrypt but that is slowly going down as my 1 year contracts finish so by September I wont have any Scrypt at all.

Ian

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July 08, 2015, 05:21:52 PM
 #2893

Dear Genesis Mining Community.

In one of the last posts that Marco wrote here, he mentioned a new Genesis Mining tool for large-scale miners called Genesis Hive.

Coindesk have written an article about it.

http://www.coindesk.com/genesis-mining-bitcoin-efficiency/

The website is here http://genesis-hive.com/

Your Genesis Mining Team
This seems a great tool!
Will look in to this tomorrow

I think the tool is for people interested at hosting lots of miners together in a farm.. Do not think it is really catered for a home miner from what I can see.

Ian

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July 08, 2015, 09:02:31 PM
 #2894

For the german speaking audience:

http://cointelegraph.de/news/114778/genesis-mining-lanciert-neuartige-mining-software
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July 09, 2015, 09:32:56 AM
 #2895

This is a screenshot from my Genesis Mining Account.

I have  a total of 4 TerraHash.

You're paid from the same GM hot wallet as I am, so 4 TH is not yet enough to qualify as a major GM customer... and it did not reveal any more hash power.

IanFoxley
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July 09, 2015, 09:58:51 AM
 #2896

This is a screenshot from my Genesis Mining Account.

I have  a total of 4 TerraHash.

You're paid from the same GM hot wallet as I am, so 4 TH is not yet enough to qualify as a major GM customer... and it did not reveal any more hash power.

Spondoolies customers probably get paid to a different wallet too as different fee structure.

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July 09, 2015, 09:59:45 AM
 #2897

...and it did not reveal any more hash power.

This hot wallet sees an influx of at least 40-50 BTC every day, if all of it was newly mined blocks, out of 3600 BTC mined per days, that would be 1-2% of all newly mined BTC, which would require about 4 PH/s of mining power (someone else check the figures!)

However not all of that influx is from mining, a fair share is from exchanges, with two way transfers which muddy things a bit (would need more time to figure out the exact flow).

Is the above a ballpark figure for GM? Or should it be higher?

(by comparison KnCMiner hot wallet was seeing an influx of 200-250 BTC per day in early 2015)




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July 09, 2015, 02:52:22 PM
 #2898

This is a screenshot from my Genesis Mining Account.

I have  a total of 4 TerraHash.

You're paid from the same GM hot wallet as I am, so 4 TH is not yet enough to qualify as a major GM customer... and it did not reveal any more hash power.

Spondoolies customers probably get paid to a different wallet too as different fee structure.
Check also the zeta coin explorer and lottocoin explorer

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
crazyivan
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July 10, 2015, 06:31:21 AM
 #2899

Still very expensive service compared to others.

I keep asking the same question to Genesis Mining customers for some time and I still have not received a proper answer:

Is there anyone here who has reached ROI so far and can verify this? ANYONE?

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
IanFoxley
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July 10, 2015, 08:42:53 AM
 #2900

Still very expensive service compared to others.

I keep asking the same question to Genesis Mining customers for some time and I still have not received a proper answer:

Is there anyone here who has reached ROI so far and can verify this? ANYONE?

Well if anyone has been mining Litecoin, I am sure they must have Smiley

There are still people on the 1 year Scrypt contracts which might expire in August or September so if they have it set to Ltc or have done for a while they will be doing quite well i can imagine. They might not be posting here but I am sure if they could, they would tell you that they have made ROI, especially as litecoin has been going up in value alot recently.


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