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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381764 times)
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cloh76
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July 24, 2015, 07:26:07 AM
 #2961

lol nice to see Genesis is screwing everyone evenly ..  you do know they are taking over 2/3 of your daily payouts in fees right? Also on a side note the 1 year contracts they manage to only take 1/2 of your daily payouts.. Kinda nice of them hun?

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For some people it is more then they would make if they mine for themselves.  Given that there aen't many legit cloudmining operations out there, Id see it as a lesser of all evils.  I myself dont have that much staked in Genesis-mining, but what I do have with them has been pretty steady.  I diversify my investments between Genesis, Hashnest, and home mining.  With a majority of my Hash power being in the latter 2, however I dont regret investing in Genesis-Mining.   Their regular daily payout is refreshing and they do have actual photos and videos of their hardware.

I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

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July 24, 2015, 07:32:00 AM
 #2962


I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay,  but this guy just lets Genesis Mining sort all that out for him.


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July 24, 2015, 02:46:26 PM
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I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay,  but this guy just lets Genesis Mining sort all that out for him.



hi Ian
with you point of view, which one better contract between lifetime and 1 year?
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July 24, 2015, 03:09:31 PM
 #2964


I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay,  but this guy just lets Genesis Mining sort all that out for him.



hi Ian
with you point of view, which one better contract between lifetime and 1 year?

Well 1 year is much cheaper, payouts are the same with 1 year and lifetime, as maintenance fees are the same for both. 0.0015 USD per GH/s

As long as Bitcoin does not fall in value (affects the fee because the fee is in USD and is taken from the payout at exchange rate of Bitcoin and Fiat at the time) and Bitcoin difficulty doesn't keep going up and up in steps then you should get ROI within the year. Next Bitcoin difficulty change is less than a day now and looks like it will be a small rise again.
https://bitcoinwisdom.com/bitcoin/difficulty

If I get the last payout for 1TH/s which was 0.00442000 BTC, contract price for 1 year is 1.017 BTC at time of writing then if payouts were the same and difficulty (never happens) then ROI would be around 230 days leaving  135 days of profit. but of course it is not as easy as that but anyway. With the next difficulty change the time will increase, but a year is a year and there is no predicting really what happens.

Disadvantage of 1 year contract. Well ..it is a year, if you want to invest long term, still think Lifetime is better

But you could purchase 1 year and then when year is up, then reinvest some or all of it again into another one year and so on..

This is Crypto though so you can never be sure  of what might happen.

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July 24, 2015, 11:44:44 PM
 #2965


I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay,  but this guy just lets Genesis Mining sort all that out for him.



hi Ian
with you point of view, which one better contract between lifetime and 1 year?

Well 1 year is much cheaper, payouts are the same with 1 year and lifetime, as maintenance fees are the same for both. 0.0015 USD per GH/s

As long as Bitcoin does not fall in value (affects the fee because the fee is in USD and is taken from the payout at exchange rate of Bitcoin and Fiat at the time) and Bitcoin difficulty doesn't keep going up and up in steps then you should get ROI within the year. Next Bitcoin difficulty change is less than a day now and looks like it will be a small rise again.
https://bitcoinwisdom.com/bitcoin/difficulty

If I get the last payout for 1TH/s which was 0.00442000 BTC, contract price for 1 year is 1.017 BTC at time of writing then if payouts were the same and difficulty (never happens) then ROI would be around 230 days leaving  135 days of profit. but of course it is not as easy as that but anyway. With the next difficulty change the time will increase, but a year is a year and there is no predicting really what happens.

Disadvantage of 1 year contract. Well ..it is a year, if you want to invest long term, still think Lifetime is better

But you could purchase 1 year and then when year is up, then reinvest some or all of it again into another one year and so on..

This is Crypto though so you can never be sure  of what might happen.

thanks for answer. i will take lifetime and use ur code for next upgrade.
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July 25, 2015, 06:36:01 AM
 #2966

thanks for answer. i will take lifetime and use ur code for next upgrade.

No problem and thanks!

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July 25, 2015, 03:39:03 PM
 #2967

Dear Genesis Mining Community.

Genesis Mining is going live!

While we do attend every conference we can, we will never be able to meet each of our customers face to face. We pride ourselves on being one of the few cloud mining companies to publicly show our faces so to stay true to that, we are pleased to announce Genesis Live.

Genesis Live will be a new live monthly webinar where you can send us questions that you want answered and we’ll go through and answer them for you, live on Google Hangouts. The hangout will feature the Genesis Mining founders and occasional special guests.

The first webinar event is planned for July 28th at 2pm EST and if you’d like to get on the list to attend, please email Live@Genesis-Mining.com. Please note, we are limited to only 1,000 live viewers.

You can also send questions to Live@Genesis-Mining.com or tweet us @genesismining with #GenesisLive
Thanks

Your Genesis Mining Team.

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July 26, 2015, 12:01:24 PM
 #2968

Dear Genesis Mining Community.

Genesis Mining is going live!

While we do attend every conference we can, we will never be able to meet each of our customers face to face. We pride ourselves on being one of the few cloud mining companies to publicly show our faces so to stay true to that, we are pleased to announce Genesis Live.

Genesis Live will be a new live monthly webinar where you can send us questions that you want answered and we’ll go through and answer them for you, live on Google Hangouts. The hangout will feature the Genesis Mining founders and occasional special guests.

The first webinar event is planned for July 28th at 2pm EST and if you’d like to get on the list to attend, please email Live@Genesis-Mining.com. Please note, we are limited to only 1,000 live viewers.

You can also send questions to Live@Genesis-Mining.com or tweet us @genesismining with #GenesisLive
Thanks

Your Genesis Mining Team.

very good initiative to prove you guys are legitimate and there are knowledgeable guys operating the business and ready to face the people. I hope other cloud mining companies will follow this move and show that there are live persons behind the website.

cheers


 
 
 
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July 27, 2015, 01:05:45 PM
 #2969

Hi everyone!

As a reminder The first webinar event is planned for July 28th at 2pm EST and if you’d like to get on the list to attend, please email Live@Genesis-Mining.com. Please note, we are limited to only 1,000 live viewers.

The different timezones:
• 2 pm EDT (Eastern Daylight Time, US), 28th July
• 3 pm BST (Brasília Time), 28th July
• 8 pm CET (Central European Time), 28th July
• 2 am CTZ (China Time Zone), 29th July

You can also send questions to Live@Genesis-Mining.com or tweet us @genesismining with #GenesisLive

See you tomorrow!

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July 27, 2015, 04:02:31 PM
 #2970

Hi Genesis Mining Community

You can now order hashpower contracts again with Credit Card.

Regards

Your Genesis Mining Team.

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July 28, 2015, 06:02:05 PM
 #2971

Hello Genesis Mining Community.

Our first live webinar has now finished but it is available to watch anytime using the link below.

Updated video link 1st August 2015

https://www.youtube.com/watch?v=LM0YUEbOGu4

Best Regards

Genesis Mining

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July 29, 2015, 01:54:04 AM
 #2972

Hi Genesis Mining Community

You can now order hashpower contracts again with Credit Card.

Regards

Your Genesis Mining Team.


Hello Genesis Mining Community.

Our first live webinar has now finished but it is available to watch anytime using the link below.

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

Best Regards

Genesis Mining

thank you Genesis-Mining this is a great update.
is this going to be a regular webminar like a monthly or quarterly webminar?


 
 
 
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July 29, 2015, 09:36:34 AM
 #2973

I also enjoyed the webinar. Interesting discussion!

Please do it again!
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July 29, 2015, 04:27:15 PM
 #2974

Hi Genesis Mining Community.

Thanks to all of you that have watched our first Webinar and left comments and feedback.

We will announce when the next webinar will be so you can send in questions to us.

Marco Krohn and Marco Streng certainly enjoyed it as you can see.

Hope you did too.

Genesis Mining Team.




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July 29, 2015, 07:40:42 PM
 #2975

Dear Genesis Mining Community

We would love to read your thoughts and ideas on what you would like to see in Webinars in the future.

Please post your comments and replies in this thread as we would very interested to hear from you all.

Thanks

Your Genesis Mining Team

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July 30, 2015, 03:52:53 AM
 #2976


I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay,  but this guy just lets Genesis Mining sort all that out for him.



hi Ian
with you point of view, which one better contract between lifetime and 1 year?

Well 1 year is much cheaper, payouts are the same with 1 year and lifetime, as maintenance fees are the same for both. 0.0015 USD per GH/s

As long as Bitcoin does not fall in value (affects the fee because the fee is in USD and is taken from the payout at exchange rate of Bitcoin and Fiat at the time) and Bitcoin difficulty doesn't keep going up and up in steps then you should get ROI within the year. Next Bitcoin difficulty change is less than a day now and looks like it will be a small rise again.
https://bitcoinwisdom.com/bitcoin/difficulty

If I get the last payout for 1TH/s which was 0.00442000 BTC, contract price for 1 year is 1.017 BTC at time of writing then if payouts were the same and difficulty (never happens) then ROI would be around 230 days leaving  135 days of profit. but of course it is not as easy as that but anyway. With the next difficulty change the time will increase, but a year is a year and there is no predicting really what happens.

Disadvantage of 1 year contract. Well ..it is a year, if you want to invest long term, still think Lifetime is better

But you could purchase 1 year and then when year is up, then reinvest some or all of it again into another one year and so on..

This is Crypto though so you can never be sure  of what might happen.

i dont think so Ian.
have doubled from 1th to 2th, payout is 0.007xxxx instead of 0.008xxxx (as your last payout, mine also same when it was 1th)
Huh
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July 30, 2015, 06:26:13 AM
 #2977


I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay,  but this guy just lets Genesis Mining sort all that out for him.



hi Ian
with you point of view, which one better contract between lifetime and 1 year?

Well 1 year is much cheaper, payouts are the same with 1 year and lifetime, as maintenance fees are the same for both. 0.0015 USD per GH/s

As long as Bitcoin does not fall in value (affects the fee because the fee is in USD and is taken from the payout at exchange rate of Bitcoin and Fiat at the time) and Bitcoin difficulty doesn't keep going up and up in steps then you should get ROI within the year. Next Bitcoin difficulty change is less than a day now and looks like it will be a small rise again.
https://bitcoinwisdom.com/bitcoin/difficulty

If I get the last payout for 1TH/s which was 0.00442000 BTC, contract price for 1 year is 1.017 BTC at time of writing then if payouts were the same and difficulty (never happens) then ROI would be around 230 days leaving  135 days of profit. but of course it is not as easy as that but anyway. With the next difficulty change the time will increase, but a year is a year and there is no predicting really what happens.

Disadvantage of 1 year contract. Well ..it is a year, if you want to invest long term, still think Lifetime is better

But you could purchase 1 year and then when year is up, then reinvest some or all of it again into another one year and so on..

This is Crypto though so you can never be sure  of what might happen.

i dont think so Ian.
have doubled from 1th to 2th, payout is 0.007xxxx instead of 0.008xxxx (as your last payout, mine also same when it was 1th)
Huh

I think you are making one crucial mistake here. It s not only about reaching ROI, it s about profit AFTER ROI. You cannot sell hash with GM. So, if you invest, reach ROI after a year and then your payouts are so low due to increased diff, why investing at all? Once more, GM s total junk, these people generate profit only for them.

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July 30, 2015, 07:33:22 AM
 #2978

i dont think so Ian.
have doubled from 1th to 2th, payout is 0.007xxxx instead of 0.008xxxx (as your last payout, mine also same when it was 1th)
Huh

The last payout for 2TH should be somewhere around 0.00892760 after fees. I worked this out by taking my last 50GH/s payout, dividing it by 50 to get a payout for 1GH/s and then multiplying that by 2000.

Perhaps you only upgraded a day or so ago and you have not let your new hashpower do a full 24 hour mining day yet. Just like when you purchase hashpower from new you have to give it a couple of payouts before you actually get a full days payout.

Ian

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July 30, 2015, 09:19:20 AM
 #2979

The question is "will Genesis Mining implement the new SF100 BTC & LTC Dual Miner" ?

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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July 30, 2015, 09:48:06 AM
 #2980

i dont think so Ian.
have doubled from 1th to 2th, payout is 0.007xxxx instead of 0.008xxxx (as your last payout, mine also same when it was 1th)
Huh

The last payout for 2TH should be somewhere around 0.00892760 after fees. I worked this out by taking my last 50GH/s payout, dividing it by 50 to get a payout for 1GH/s and then multiplying that by 2000.

Perhaps you only upgraded a day or so ago and you have not let your new hashpower do a full 24 hour mining day yet. Just like when you purchase hashpower from new you have to give it a couple of payouts before you actually get a full days payout.

Ian

already open ticket to GM.
hope they can explain this matter.
i already wait for 24 hours to let GM system adjust payout but it comes 0.007xxx.
im sure GM can see my history upgrade and payout, lets wait.

edit:GM replied, i have to wait next payout because last payout its not fully 24hours.
       will get back after payout.

Ian, its mean 24 hours waiting is not enough. 2x24 for sure.
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