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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381759 times)
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Zeta0S
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August 15, 2015, 05:34:21 PM
 #3021

just a stupid move for genesis mining. they believe in a free market but yet they cut off about 8m people .
The problem is not Genesis Mining, the problem is the BitLicense.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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ashfaq
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August 15, 2015, 05:48:36 PM
 #3022

just a stupid move for genesis mining. they believe in a free market but yet they cut off about 8m people .
The problem is not Genesis Mining, the problem is the BitLicense.
i guess this problem is because of that new guy who was criticizing 'genesis ' which eventually ended this way,maybe he never wanted to invest either but he spoiled others mining too.

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Seems I deinvested all my btc :(


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August 15, 2015, 05:52:45 PM
 #3023

so got a question, just upgraded my lifetime hashrate using btc  then turned around and bought an 1 year contract with my cc.

Problem is genesis had a nice little notice they have not posted on forms about using a cc after i already paid for the contract.

and i quote:

"Thank you for your order! We wish to point out that your credit card order is still under review and all your payouts (for contracts paid with credit card) will be held for 30 days. You can still use the mining allocation to allocate your coins and review your payouts. After period of 30 days ends, you will receive your payouts at once! Happy Mining!"

Now my question is will my life time contract be put on hold for a month too or just the 1 year contract?

Cause i paid in btc for my lifetime contract i should get paid daily and not have to wait a month..

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rogelio11
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August 15, 2015, 06:23:01 PM
 #3024

so got a question, just upgraded my lifetime hashrate using btc  then turned around and bought an 1 year contract with my cc.

Problem is genesis had a nice little notice they have not posted on forms about using a cc after i already paid for the contract.

and i quote:

"Thank you for your order! We wish to point out that your credit card order is still under review and all your payouts (for contracts paid with credit card) will be held for 30 days. You can still use the mining allocation to allocate your coins and review your payouts. After period of 30 days ends, you will receive your payouts at once! Happy Mining!"

Now my question is will my life time contract be put on hold for a month too or just the 1 year contract?

Cause i paid in btc for my lifetime contract i should get paid daily and not have to wait a month..

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its gonna be on hold for just for 30 days/ month. that is a normal condition of theirs. to make sure the card owner is you. also any chargeback issues.  

but while it is on hold. your contract is activated during the first 30-day hold.

part of their term agreement text-
Quote
By using the Credit Card Services the Customer hereby agrees and accepts that he will not be allowed and shall be prohibited from withdrawing any amounts that the Customer has deposited and/or is entitled to as a result of the Services rendered by the Service Provider for a period of 30 days. In case the payment by the Customer results in a charge-back or other material issues occur, the Service Provider is entitled to keep all existing, current and future Mining Output.

you can view their terms as well. so you know too Smiley its in the " View Agreement" box text before you pay your mining contracts. just scroll down and read in 8. Credit Card Services through Credit Card Service Provider Section.

hope this helps Smiley
Borgminer
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August 15, 2015, 06:49:15 PM
 #3025

bitcoin isnt regulated anywhere in the US.  genesis is making stuff up. 
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August 15, 2015, 06:51:23 PM
 #3026

I understand that, my question was i have 2 contracts under one account with them will they both be in locked down for 30 days and 0 daily payouts or just the 1 order with cc?

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Genesis-Mining
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August 15, 2015, 07:07:29 PM
 #3027

bitcoin isnt regulated anywhere in the US.  genesis is making stuff up.  

Hi Borgminer.

Perhaps this article will interest you. As you can see there were many companies and not just us.

http://fortune.com/2015/08/14/bitcoin-startups-leave-new-york-bitlicense/

Regards

Genesis Mining.

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August 15, 2015, 07:08:03 PM
 #3028

I understand that, my question was i have 2 contracts under one account with them will they both be in locked down for 30 days and 0 daily payouts or just the 1 order with cc?

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Icon, We have sent you a PM about this.

Regards

Genesis Mining

ashfaq
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August 15, 2015, 07:28:38 PM
 #3029

I understand that, my question was i have 2 contracts under one account with them will they both be in locked down for 30 days and 0 daily payouts or just the 1 order with cc?

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Icon, We have sent you a PM about this.

Regards

Genesis Mining
Hey by the way what is the ROI for the 'Special' offer Huh i mean that is 1 bitcoin investment so what is the average coins a user can make in that total period ?i know it based on bitcoin price but still there has to be an average.

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August 19, 2015, 12:44:28 AM
 #3030

Humm where is today's payout?

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Zeta0S
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August 19, 2015, 01:08:19 AM
 #3031

Humm where is today's payout?

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It`s in my wallet  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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Seems I deinvested all my btc :(


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August 19, 2015, 02:00:44 AM
 #3032

ya just got mine, normally i get it in the mid day anyways was going to remove my post.. till you replied to it Smiley

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rogelio11
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August 19, 2015, 02:02:07 AM
 #3033

got my payout today Smiley
worldinacoin
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August 19, 2015, 02:14:17 AM
 #3034

Hows the ROI like for genesis-mining?
tokingtoking
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August 19, 2015, 03:18:56 AM
 #3035

got my payout today Smiley

is it as usual nominal or lower as usual? (mine is lower as usual)
rogelio11
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August 19, 2015, 03:39:43 AM
 #3036

got my payout today Smiley

is it as usual nominal or lower as usual? (mine is lower as usual)


it will vary depending on bitcoin's price, difficultly, etc.
there is no exact amount per day.
my payout today was lower due to bitcoin prices, etc. . hopefully it will rise again in the future. Smiley
IanFoxley
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August 19, 2015, 05:02:37 AM
 #3037

got my payout today Smiley

is it as usual nominal or lower as usual? (mine is lower as usual)

Yep, like Hashnest etc, the daily maintenance fee can affect payouts if Bitcoin falls in price against USD, EURO etc. So when GM do the payouts they are taking out the fee at the latest BTC/USD exchange rate so if Bitcoin has fallen in value then it affects the amount that is taken for maintenance.

I believe Bitcoin fell under 200 USD earlier today..is hanging around 232 USD on Bitstamp as i write this.  Shocked

Human1000
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August 19, 2015, 05:16:09 AM
 #3038

Anyone has any idea what rate would bitcoin need to drop to in order for genesis mining to consider it not profitable for them to mine?
IanFoxley
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August 19, 2015, 05:21:25 AM
 #3039

Anyone has any idea what rate would bitcoin need to drop to in order for genesis mining to consider it not profitable for them to mine?


You can do work it out by going here
https://bitcoinwisdom.com/bitcoin/difficulty

Then enter 1 TH/s into the calculator. THe daily fee for 1TH/s is 1.50, so if you lower the amount in the BTC/USD box down to around 160 USD you will see that with 1TH/s Bitcoin would mine about 1.50 USDs worth of Bitcoin a day which is about the same as the fee. This wont be completely exact though but gives you an idea.. I would think 165 USD would be a safe estimate as sometimes when mining you can good and bad days.

The next difficulty change might be a small drop which might help abit, if Bitcoin keeps dropping in value the hashrate might actually go down abit as it could start becoming more unprofitable to mine and that will lower the difficulty. Only problem is that each difficulty change takes 2 weeks.

Ian

Human1000
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August 19, 2015, 06:02:47 AM
 #3040

Thanks Ian, you're always very helpful:)!
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