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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 382032 times)
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TheRealSteve
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FUN > ROI


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August 27, 2015, 11:07:56 AM
 #3101

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.
Yep.
Snapshot from May 2015: https://web.archive.org/web/20150513065006/https://bitcointalk.org/index.php?topic=602022
Snapshot from June 2014: https://web.archive.org/web/20140610123800/https://bitcointalk.org/index.php?topic=602022.0
But why let facts get in the way of a good conspiracy theory? Smiley

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canth
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August 27, 2015, 01:36:33 PM
 #3102

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.
Yep.
Snapshot from May 2015: https://web.archive.org/web/20150513065006/https://bitcointalk.org/index.php?topic=602022
Snapshot from June 2014: https://web.archive.org/web/20140610123800/https://bitcointalk.org/index.php?topic=602022.0
But why let facts get in the way of a good conspiracy theory? Smiley

Ha - ok good catch.

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August 27, 2015, 01:49:56 PM
 #3103

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.


I agree. I know BTC price is quite shitty these days with the fork drama but I'm suffering a 20-30% reduction in payout these days..



I can't believe GM wants to support Bitcoin XT... Damn... it's worse and worse here. WE as customers should be able to vote and determine GM position.

YES I'm for increasing block size but NO I'm not for a fork and NO I will never support XT

Which blocks have you mined Genesis?

I also want an answer here GM.

I'm less and less confident about their business model... I'm so affraid it's half a ponzi or something like it.. The 8% promo code lately looks just like it to me (especially because they lied about having something "really big" to announce.. Some damn webcam, let me laugh...) + they never answer to negatives posts

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August 27, 2015, 04:20:49 PM
 #3104

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-



if you followed my videos then you would see also what happened to Scrypt payouts over time and the fact that all the operators out there who offered Scrypt contracts who are still around today suffered the same thing. Theres nothing unusual in what happened as it happened to everyone who is still around today. The only ones who were somehow still managing to pay out magical Scrypt payouts when GM, Zeushash and others were paying out less ended up disappearing anyway or still are around with pie in the sky payouts. We all know what happened to LTC Gear and ScryptCC, well, no need to write about them either.

And that table of payouts, geez cmon, you all should realise that if Bitcoin goes down in value then maintenance fee eats more of the payout, now if Bitcoin had been climbing in value and payouts from GM had been falling then yeh...something to discuss and talk about but we all know that Bitcoin was 300 USD in middle of July and then was at a low of 200 USD just a few days ago, so of course the payouts would have gone down. Even if you go over to Hashnest, similar system, then you can also notice that payouts have gone down also because of the fee.

Infact why not look at my payout thread and you will that in the last two days alone..Hashnets payouts for some of their contracts are already in minus figures and not just UMISOO or S2 contracts.

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August 28, 2015, 04:04:50 AM
 #3105

Just to give you guys a quick heads up.

I got about 70 % of my investment back in 6 Months mining.

With the current payout it will take me another 150 Days to get to 100% return.

greetings dead

Hey Dead, just found this old post again.

So how is your ROI now? Smiley

Ian

Sorry for late reply

Current state:

I am invested for 344 Days now. Back then i invested 10,441 BTC only sha.

Until now i have this result: 10,06925484 BTC Back means

ROI % = 96,44 % atm.

Still hoping for 1 year roi but with this btc price not possible but as long as i get my daily payout it is all fine not depending on the money from genesis.

greetings dead


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August 28, 2015, 06:28:02 AM
 #3106

Just to give you guys a quick heads up.

I got about 70 % of my investment back in 6 Months mining.

With the current payout it will take me another 150 Days to get to 100% return.

greetings dead

Hey Dead, just found this old post again.

So how is your ROI now? Smiley

Ian

Sorry for late reply

Current state:

I am invested for 344 Days now. Back then i invested 10,441 BTC only sha.

Until now i have this result: 10,06925484 BTC Back means

ROI % = 96,44 % atm.

Still hoping for 1 year roi but with this btc price not possible but as long as i get my daily payout it is all fine not depending on the money from genesis.

greetings dead



Ok, can you pls provide is with info what is your current payout. Cause if you do reach ROI in 6 months and after that you get daily profit of 0.0000005 BTC, this only means you ve provided a nice interest free loan to Genesis Mining, right? This adds to my initial question, WHAT IS THE POINT of using GM if you cannot make any acceptable return from that? Simple as that.

Winalunt
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August 28, 2015, 06:46:09 AM
 #3107

Just to give you guys a quick heads up.

I got about 70 % of my investment back in 6 Months mining.

With the current payout it will take me another 150 Days to get to 100% return.

greetings dead

Hey Dead, just found this old post again.

So how is your ROI now? Smiley

Ian

Sorry for late reply

Current state:

I am invested for 344 Days now. Back then i invested 10,441 BTC only sha.

Until now i have this result: 10,06925484 BTC Back means

ROI % = 96,44 % atm.

Still hoping for 1 year roi but with this btc price not possible but as long as i get my daily payout it is all fine not depending on the money from genesis.

greetings dead



Ok, can you pls provide is with info what is your current payout. Cause if you do reach ROI in 6 months and after that you get daily profit of 0.0000005 BTC, this only means you ve provided a nice interest free loan to Genesis Mining, right? This adds to my initial question, WHAT IS THE POINT of using GM if you cannot make any acceptable return from that? Simple as that.
Very much true ..but the only way to profit from mining is to have a big capital..
if you go in with more than 500 coins at least then you can expect a profit of over 40 coins ..
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August 28, 2015, 07:04:40 AM
 #3108

I think GM is cloud mining  just for their profit and if the price goes above 500 again then some for you.
but expecting profits on 200 $ is just senseless.

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Borgminer
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August 28, 2015, 07:10:36 AM
 #3109

So far so good pretty stable profits from just 500 ghs .   still debating on whether or not to make a large deposit. to get to my goal of 6TH
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August 28, 2015, 09:05:49 AM
 #3110

So far so good pretty stable profits from just 500 ghs .   still debating on whether or not to make a large deposit. to get to my goal of 6TH

May I ask how much is the payout yesterday from your 500 GHs? Thanks
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August 28, 2015, 09:59:54 AM
 #3111

So far so good pretty stable profits from just 500 ghs .   still debating on whether or not to make a large deposit. to get to my goal of 6TH
Dude you mind if i ask you which plan are you doing these investments on ?
i mean the early bird plan or the lifetime ..

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August 28, 2015, 10:49:48 AM
 #3112

So far so good pretty stable profits from just 500 ghs .   still debating on whether or not to make a large deposit. to get to my goal of 6TH

May I ask how much is the payout yesterday from your 500 GHs? Thanks

Tip, look at my payout thread, you will see payout for 50GH/s. Just mulitply it by 10 Smiley

scryptongoloidhuhuhu
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August 28, 2015, 10:51:56 AM
 #3113

So far so good pretty stable profits from just 500 ghs .   still debating on whether or not to make a large deposit. to get to my goal of 6TH

May I ask how much is the payout yesterday from your 500 GHs? Thanks

Tip, look at my payout thread, you will see payout for 50GH/s. Just mulitply it by 10 Smiley

Thanks Ian, I forgot about that LOL.
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August 28, 2015, 03:36:27 PM
 #3114

.0012 a day . some days a little more some days a little less .  im in it for the long hull . so Im pretty sure ill roi .  at current price roi is about 12 months .  Btc is supposed to go back up around 300$
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August 28, 2015, 04:54:58 PM
 #3115

So far so good pretty stable profits from just 500 ghs .   still debating on whether or not to make a large deposit. to get to my goal of 6TH

May I ask how much is the payout yesterday from your 500 GHs? Thanks

Tip, look at my payout thread, you will see payout for 50GH/s. Just mulitply it by 10 Smiley

Thanks Ian, I forgot about that LOL.

Please share the link to that thread, I can't seem to find it.
Thanks
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August 28, 2015, 04:56:35 PM
 #3116

.0012 a day . some days a little more some days a little less .  im in it for the long hull . so Im pretty sure ill roi .  at current price roi is about 12 months .  Btc is supposed to go back up around 300$

You could share a screenshot of your dashboard has others have also done, to prove your case Smiley
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August 28, 2015, 05:25:47 PM
 #3117

.0012 a day . some days a little more some days a little less .  im in it for the long hull . so Im pretty sure ill roi .  at current price roi is about 12 months .  Btc is supposed to go back up around 300$

You could share a screenshot of your dashboard has others have also done, to prove your case Smiley

Or just find out my daily 50 GH/s payout, divide it by 50 to get amount per GH/s then you can multiply it to whatever you want.

Really simple Smiley

Thread is here and I do try and update it every day.

https://bitcointalk.org/index.php?topic=768931.msg12256466#msg12256466

Ian

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August 28, 2015, 05:40:02 PM
 #3118

Hi Genesis Mining Community.

I notice some interesting discussions going on here regarding Bitcoin XT etc.

We do try and allow everyone to post their views, negative or positive but as mentioned somewhere elsewhere in the thread we have had to delete posts as the language was bad to say the least.

Anyway, just wanted to let you all know about an article which covers what has been going on the last couple of weeks.

http://cointelegraph.com/news/115190/life-inside-a-bitcoin-mine-interview-with-genesis-minings-marco-streng

Have a good Friday and Weekend.

Genesis Mining Team.

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August 28, 2015, 05:44:32 PM
 #3119

.0012 a day . some days a little more some days a little less .  im in it for the long hull . so Im pretty sure ill roi .  at current price roi is about 12 months .  Btc is supposed to go back up around 300$

Alright thank you.  Smiley
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August 28, 2015, 07:31:25 PM
 #3120

Hi Genesis Mining Community.

I notice some interesting discussions going on here regarding Bitcoin XT etc.

We do try and allow everyone to post their views, negative or positive but as mentioned somewhere elsewhere in the thread we have had to delete posts as the language was bad to say the least.

Anyway, just wanted to let you all know about an article which covers what has been going on the last couple of weeks.

http://cointelegraph.com/news/115190/life-inside-a-bitcoin-mine-interview-with-genesis-minings-marco-streng

Have a good Friday and Weekend.

Genesis Mining Team.

Thank you GM. Quite an interesting article, even if your position about XT is still not crystal clear to me..

Even if the majority of your customers support larger blocks (including me), I doubt the majority of your customers support a fork (I don't). There is a difference between being supportive for larger block and support XT.

XT is not only larger blocks, there are other features, including the possibility of "blacklisting" users (read here : http://cointelegraph.com/news/115153/bitcoin-xt-fork-can-blacklist-tor-exits-may-reveal-users-ip-addresses and here : https://bitcointalk.org/index.php?topic=1156489.0 ). This is not acceptable.

Why not support Bitcoin Core but push for a patch ? Feel free to answer...

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