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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381954 times)
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Genesis-Mining
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August 26, 2015, 05:42:59 PM
 #3081

Hi Genesis Mining Community

Regarding BitcoinXT

We are currently in the process of testing the client and if we are done with it, we will most likely switch to ‪#‎BitcoinXT‬. Just to be clear: running XT means that our users will always be on the largest chain, regardless of whether a fork happens or not.

More about this in our blog here.

http://blog.genesis-mining.com/

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August 26, 2015, 08:20:53 PM
 #3082

Hi Genesis Mining Community

Regarding BitcoinXT

We are currently in the process of testing the client and if we are done with it, we will most likely switch to ‪#‎BitcoinXT‬. Just to be clear: running XT means that our users will always be on the largest chain, regardless of whether a fork happens or not.

More about this in our blog here.

http://blog.genesis-mining.com/
welcome

A smartness bitcoin which will operate as the human brain can easily scale beyond the level of traffic VISA,Trainman pgp
wladston
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August 26, 2015, 08:25:20 PM
 #3083

@Genesis-Mining, as soon as you mine the first 101-block, you guys are gonna get me as a new client Smiley

Love programming? Checkout my book at http://code.energy/book
knight22
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August 26, 2015, 08:29:34 PM
 #3084

Been moved to the altcoin section. Mods still don't understand how XT works. Pathetic.

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August 26, 2015, 08:32:20 PM
 #3085

if you mine an altcoin you must be in altcoin section. Great choise Genesis to destroy your business....

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August 26, 2015, 08:36:07 PM
 #3086

if you mine an altcoin you must be in altcoin section. Great choise Genesis to destroy your business....

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running XT means that our users will always be on the largest chain, regardless of whether a fork happens or not

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August 26, 2015, 08:41:43 PM
 #3087

if you mine an altcoin you must be in altcoin section. Great choise Genesis to destroy your business....

Quote
running XT means that our users will always be on the largest chain, regardless of whether a fork happens or not

After announcement like this we see and a bitcoin price drop.
Is a bad choise and has no logic at all from genesis especially when the most pool in the world choose not to follow bitcoinXT

https://bitcoinmagazine.com/21699/major-mining-pools-make-stand-bitcoin-xt-fork-support-bip-100-grows/

i really cant understand how a mining company think that a fork or divide of bitcoin ecosystem will help them for their business plan. this is nonsense. BitcoinXT is an altcoin that it try to hijack bitcoin and nothing more

Quote

“While the question whether and how to increase the block-size limit is a technical one, the Bitcoin Core and ‘Bitcoin’ XT issue is political. By introducing ‘Bitcoin’ XT, Gavin Andresen and Mike Hearn are splitting the community. Totalitarianism and dictators cannot co-exist with the free and open-source software spirit.
“Boycott ‘Bitcoin’ XT. Bitcoin Core forever. Gavin Andresen and Mike Hearn should resign,”

F2Pool

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August 26, 2015, 08:50:44 PM
 #3088

Which blocks have you mined Genesis?

Visit http://neocashradio.com for the premier weekly bitcoin podcast.
Follow neocashradio on twitter.  https://twitter.com/NeocashRadio
tmltd
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August 26, 2015, 08:51:44 PM
 #3089

..... running XT means that our users will always be on the largest chain ....
But not on the longest....

I think a more strategic / wise approach it will be to start voting in the blockchain by signing your mined blocks by a message (coinbase blocksize vote) and not start using the BitcoinXT. By signing the blocks you will send your message to the Devs and promote the consensus solution.

▁ ▂ ▄ ▅ ▆ Cloudmining 101: how to avoid scams / ponzis  ▆ ▅ ▄ ▂ ▁
####### Never ever invest more than you can afford to lose #######
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August 26, 2015, 08:59:13 PM
 #3090

..... running XT means that our users will always be on the largest chain ....
But not on the longest....

I think a more strategic / wise approach it will be to start voting in the blockchain by signing your mined blocks by a message (coinbase blocksize vote) and not start using the BitcoinXT. By signing the blocks you will send your message to the Devs and promote the consensus solution.

Consensus should comes from the market, not a bunch of devs.

chek2fire
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August 26, 2015, 09:01:33 PM
 #3091

..... running XT means that our users will always be on the largest chain ....
But not on the longest....

I think a more strategic / wise approach it will be to start voting in the blockchain by signing your mined blocks by a message (coinbase blocksize vote) and not start using the BitcoinXT. By signing the blocks you will send your message to the Devs and promote the consensus solution.

Consensus should comes from the market, not a bunch of devs.

and the market especially mining ecosystem say definitely no. Why genesis choose to go against this is something that i cant understand. Maybe they hope to lure some bitcoinXT fans to their mining contracts?

tmltd
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August 26, 2015, 09:22:03 PM
 #3092

Consensus should comes from the market, not a bunch of devs.
I agree that the market decides, but the market is the end users that use Bitcoin as a financial tool and not Devs or miners.
Miners and exchanges need end users that use Bitcoin and not Bitcoins with no use.
IMHO the consensus solution from all sides (devs, miners, nodes) promotes the feeling of stability to the end users and that the Bitcoin ecosystem is a serious financial tool.

▁ ▂ ▄ ▅ ▆ Cloudmining 101: how to avoid scams / ponzis  ▆ ▅ ▄ ▂ ▁
####### Never ever invest more than you can afford to lose #######
lucasjkr
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August 26, 2015, 11:51:45 PM
 #3093

..... running XT means that our users will always be on the largest chain ....
But not on the longest....

I think a more strategic / wise approach it will be to start voting in the blockchain by signing your mined blocks by a message (coinbase blocksize vote) and not start using the BitcoinXT. By signing the blocks you will send your message to the Devs and promote the consensus solution.

Consensus should comes from the market, not a bunch of devs.

and the market especially mining ecosystem say definitely no. Why genesis choose to go against this is something that i cant understand. Maybe they hope to lure some bitcoinXT fans to their mining contracts?

As they said, its risk-less to their users. If XT is adopted by the majority of the miners, their users will be mining on the longest chain, which will be secured by the greatest amount of hashing power. Which you'd think would draw along the rest of the ecosystem. And if that threshold isn't met, then they remain on the regular old bitcoin chain anyways.
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August 27, 2015, 12:04:54 AM
 #3094

So... what is the BIG news about GM ?

I had the time to watch the webseminar :-)
Webcam installation. No Project x.



lol. What a joke.

Genesis-Mining are you serious ? That's your "big news" ? Your "game changing" news ? Shame on you and your communication team.

Right, this is really revolutionary. !!!!

I agree, it is! Users can now watch a farm 24 hours a day, 7 days a week and let GM know when they are being burgled so the police can come straight away. Was a good idea for GM do this!

I cant see shit! Since the next day of the webinar I have been checking the page, cams are always off or down...
meono
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August 27, 2015, 01:24:51 AM
 #3095

if you mine an altcoin you must be in altcoin section. Great choise Genesis to destroy your business....

Quote
running XT means that our users will always be on the largest chain, regardless of whether a fork happens or not

After announcement like this we see and a bitcoin price drop.
Is a bad choise and has no logic at all from genesis especially when the most pool in the world choose not to follow bitcoinXT

https://bitcoinmagazine.com/21699/major-mining-pools-make-stand-bitcoin-xt-fork-support-bip-100-grows/

i really cant understand how a mining company think that a fork or divide of bitcoin ecosystem will help them for their business plan. this is nonsense. BitcoinXT is an altcoin that it try to hijack bitcoin and nothing more

Quote

“While the question whether and how to increase the block-size limit is a technical one, the Bitcoin Core and ‘Bitcoin’ XT issue is political. By introducing ‘Bitcoin’ XT, Gavin Andresen and Mike Hearn are splitting the community. Totalitarianism and dictators cannot co-exist with the free and open-source software spirit.
“Boycott ‘Bitcoin’ XT. Bitcoin Core forever. Gavin Andresen and Mike Hearn should resign,”

F2Pool

God, you're hopeless.

Stop thinking everyone else is not as smart as you, because you're just too dump to understand others decision.
crazyivan
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August 27, 2015, 06:21:01 AM
 #3096

I ve been asking for GM ROI proof for over a year. I ve been unable to locate a single person reaching ROI with them. Let me post something another users posted in another BTT thread abot GM.

It has now basically been a year and I am STILL trying to figure out GM's true business model. Let's see... I give them US$1750 for 100MH in early Sept. 2014... within 60 days, they drop the payout by over 70%, which did not map out to the rest of the industry... within another 40 days, they give us scrypt customers a choice... convert to SHA mining or risk having our [LIFETIME] contracts terminated. The icing on the cake is they insult us scrypt customers by only offering us 1GH per 1MH, which everyone knows should be at the very least 20GH per 1MH (circa Sept/Oct 2014). What does this equate to? Again, after (1) year of them playing with my $$ and systematically reducing their payouts to their early adopters, they have paid me back less than $330 of the $1750 I invested with them. Specifically, their daily payouts to me are less than US$0.07 per day at this stage so it can be concluded I will never reach anything near a ROI within my lifetime.

This industry is already full of enough scammers and GM's actions do nothing to promote them as a viable and HONEST service provider. Sooner or later, their unsustainable practices will be their undoing.

=================
Looks like another major (over 40%) reduction in payouts for August 2015 is on track (see below). Coincidence or intentional? You decide...

Scott-



IanFoxley
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August 27, 2015, 09:45:51 AM
 #3097

I ve been asking for GM ROI proof for over a year. I ve been unable to locate a single person reaching ROI with them. Let me post something another users posted in another BTT thread abot GM.

It has now basically been a year and I am STILL trying to figure out GM's true business model. Let's see... I give them US$1750 for 100MH in early Sept. 2014... within 60 days, they drop the payout by over 70%, which did not map out to the rest of the industry... within another 40 days, they give us scrypt customers a choice... convert to SHA mining or risk having our [LIFETIME] contracts terminated. The icing on the cake is they insult us scrypt customers by only offering us 1GH per 1MH, which everyone knows should be at the very least 20GH per 1MH (circa Sept/Oct 2014). What does this equate to? Again, after (1) year of them playing with my $$ and systematically reducing their payouts to their early adopters, they have paid me back less than $330 of the $1750 I invested with them. Specifically, their daily payouts to me are less than US$0.07 per day at this stage so it can be concluded I will never reach anything near a ROI within my lifetime.

This industry is already full of enough scammers and GM's actions do nothing to promote them as a viable and HONEST service provider. Sooner or later, their unsustainable practices will be their undoing.

=================
Looks like another major (over 40%) reduction in payouts for August 2015 is on track (see below). Coincidence or intentional? You decide...

Scott-



I posted on another thread a few weeks ago, those with SHA 256 contracts from September would have made ROI already. My 10 GH/s contract on its own I purchased for my comparison videos in middle of September have already paid back and now get profit. It is only the Scrypt contract that did not.

canth
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August 27, 2015, 10:34:38 AM
 #3098

Been moved to the altcoin section. Mods still don't understand how XT works. Pathetic.

Wow...talk about immature mods that don't give a damn about what the community wants.

IanFoxley
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August 27, 2015, 10:43:23 AM
 #3099

Been moved to the altcoin section. Mods still don't understand how XT works. Pathetic.

Wow...talk about immature mods that don't give a damn about what the community wants.

I am still trying to work out that post.

I know on Reddit it got moved to altcoin area I think, not really sure,  but this thread with Genesis Mining has always been in Altcoin section beause when Genesis Mining first posted here, they only sold Scrypt contracts and they added SHA 256 later.

Ian

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August 27, 2015, 10:59:19 AM
 #3100

Free market (i.e. anarchist) capitalism didn’t fail, rather the world has been doing collectivism, which leads to socialism as we now see occurring.
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