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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 385554 times)
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Blitzard
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September 10, 2015, 07:47:07 PM
 #3161

ROI is over 2000 Days at the moment. Is that True?
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julian071
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September 10, 2015, 08:49:50 PM
 #3162

Today I reached ROI in the other half of my investment, with Megamine.com =D. It's a three year all inclusive deal that I purchased at the end of november 2014, so great stuff!

However, the people of Megamine have been awfully quiet lately. No more posts on Facebook in months, account on Bitcointalk abandoned... Genesis may take long to reach ROI but at least they're a solid, outreaching company, that's really great.



Can you sell your hash with megamine?

Yes and no. They have a feature called CashNow which will give you back a certain percentage of your original investment. Of course this decreases over time. Right now it is about 20% for mine.

=P
crazyivan
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September 11, 2015, 06:29:46 AM
 #3163

Today I reached ROI in the other half of my investment, with Megamine.com =D. It's a three year all inclusive deal that I purchased at the end of november 2014, so great stuff!

However, the people of Megamine have been awfully quiet lately. No more posts on Facebook in months, account on Bitcointalk abandoned... Genesis may take long to reach ROI but at least they're a solid, outreaching company, that's really great.



Can you sell your hash with megamine?

Yes and no. They have a feature called CashNow which will give you back a certain percentage of your original investment. Of course this decreases over time. Right now it is about 20% for mine.

Ok, thx. I think I ll stay with my PoS coins. Much more flexible.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
Zeta0S
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September 11, 2015, 06:34:23 AM
 #3164

I love to see Cloudstacking, that will be nice

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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September 11, 2015, 06:35:32 AM
 #3165

I love to see Cloudstacking, that will be nice

If I look out of my window i see that haha Smiley....

All these cloud words, they are so foggy to my mind.. Smiley

Genesis-Mining
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September 13, 2015, 03:05:54 PM
 #3166

Hi Genesis Mining Community

We are sponsering the ‪#‎ScalingBitcoin‬ conference in Montreal which is in our view a key conference for finding a solution for the blocksize debate.

It is already the second day.

Follow the livestream here: https://scalingbitcoin.org/montreal2015/live#papers

Or check out the twitter feed: https://twitter.com/hashtag/ScalingBitcoin?src=hash


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September 13, 2015, 03:56:17 PM
 #3167

Hi Genesis Mining Community

We are sponsering the ‪#‎ScalingBitcoin‬ conference in Montreal which is in our view a key conference for finding a solution for the blocksize debate.

It is already the second day.

Follow the livestream here: https://scalingbitcoin.org/montreal2015/live#papers

Or check out the twitter feed: https://twitter.com/hashtag/ScalingBitcoin?src=hash


Thanks, watching.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Glucose
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September 14, 2015, 05:00:42 PM
 #3168


We are sponsering the ‪#‎ScalingBitcoin‬ conference in Montreal which is in our view a key conference for finding a solution for the blocksize debate.


Debate is almost over. Bitcoin XT lost.

TheRealSteve
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September 14, 2015, 07:24:26 PM
 #3169

Debate is almost over.
You do realize that discussion and in-depth review of proposals isn't until Phase 2 of the Scaling Bitcoin conferences, right? Debate is far from being over - and I doubt it'll be 'over' even after that.

Phase 2
Presentation and review of technical proposals, with simulation, benchmark results.
Hong Kong, SAR, China: December 6th-7th, 2015

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September 15, 2015, 12:10:16 PM
 #3170

Debate is almost over. Bitcoin XT lost.

One option lost, many still are on the table.

And to make it worse, then current BIP-100 is more like a discussion starting point than a finished proposal than can be turned on.

On the other hand, the demand is not really there, outside of "stress tests", blocks have been 30-45% full since January, and even during stress, they were never full. Other constraints are limiting block size.

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September 16, 2015, 03:47:18 AM
 #3171

@Genesis Mining

Are you already scared of 2016 when the block reward halving will take place=?

Whats your opinion on that is it correct that when the reward is only half at current price all contracts will go out of business??

greetings dead

fairglu
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September 16, 2015, 08:47:51 AM
 #3172

Whats your opinion on that is it correct that when the reward is only half at current price all contracts will go out of business??

If the price does not go up, a lot of mining operations are likely to stop.

There is even a risk that bitcoin will come to a standstill, stuck with a high difficulty and not enough hashrate to solve new blocks.

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September 16, 2015, 09:10:19 AM
 #3173

Whats your opinion on that is it correct that when the reward is only half at current price all contracts will go out of business??

If the price does not go up, a lot of mining operations are likely to stop.

There is even a risk that bitcoin will come to a standstill, stuck with a high difficulty and not enough hashrate to solve new blocks.

Cant the difficulty go down?
It should, profit for mining is getting less and less
TheRealSteve
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September 16, 2015, 10:20:18 AM
 #3174

There is even a risk that bitcoin will come to a standstill, stuck with a high difficulty and not enough hashrate to solve new blocks.
No, there is no such risk outside of mental exercise.  For more information, see: Increasing Zero towards unreachable difficulty ?

Cant the difficulty go down?
Yes.  The difficulty adjusts up or down depending on whether blocks are being found faster or slower than the intended rate (2016 blocks every 2 weeks).  See: https://en.bitcoin.it/wiki/Target

Borgminer
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September 16, 2015, 12:11:41 PM
 #3175

yeah i was thinking the same thing .   easy fix they just have to get the majority hashing power.
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September 16, 2015, 01:26:18 PM
 #3176

Cant the difficulty go down?
Yes.  The difficulty adjusts up or down depending on whether blocks are being found faster or slower than the intended rate (2016 blocks every 2 weeks).  See: https://en.bitcoin.it/wiki/Target
It adjusts once every 2016 blocks.

If the hashrate is cut in half, this would mean up to 2016 blocks that would take 20 min to mine, so up to a month to the next diff, and this would effectively cut the daily profitability in half for miners, which could decide more miners to pull the (electric) plug, resulting in a cascade effect.

Also the bitcoin difficulty adjusts by no more than a factor four, in your hypothetical 330 PH to 330 MH case f.i., it would thus take 10 difficulty adjustments (4^10 approx equal to 1e6) for the difficulty to adjust back to 10 minutes blocks (without a hard fork), or 20160 blocks. If the block erupter is alone, it just would never be able to get through those 20160 blocks in any reasonable timeframe.

This is actually something that altcoins have been facing for a while (because of multipools jumping in & out), and the reason why fast difficulty adjustments have become standard in altcoins, with retargets every block.

Also since the mining hardware would still physically exist, a lower diff bitcoin would become easy prey to a 51% attack.

So it's far from a  mental exercice.

Genesis-Mining
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September 16, 2015, 01:41:13 PM
 #3177

BIG News!

Hello miners!

I know that we end every email to you saying how much we appreciate having you as a customer, but we realize that actions often speak louder than words.

So we’ve got some BIG news that I think you will be happy to hear.

Due to recent improvements in new hardware and infrastructure, we are pleased to announce we are able to decrease maintenance from 0.0015 to 0.0012 USD per Gh/s per day for purchases starting from September 16th.

This represents an increase in payouts by over 60% at the current Bitcoin price and difficulty.

We look at our customers as our partners and when we are able to increase our efficiency, it’s only fair and responsible to pass those savings on to you.

As always, thank you for being a customer of Genesis Mining and growing with us over the last 2 years. We look forward to many years of service ahead as we all grow together.

Sincerely,

Marco Streng

TheRealSteve
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September 16, 2015, 02:22:13 PM
 #3178

( continuing o/t discussion in that "Increasing Zero towards unreachable difficulty ?" thread )

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September 16, 2015, 02:43:02 PM
 #3179

Um, wouldn't a decrease in maintenance be applicable to ALL customers not just new ones? You're not passing anything along to your partners with this.
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September 16, 2015, 03:11:45 PM
 #3180

I'm new in bitcoin mining. I have a question. Is there anyway to calculate the mining daily profit at genesis-mining?
I know it depends on difficulty but I want a rough result. for example if I buy 1TH/s for 419$, how much I will profit every day?
And please if you have answer, give the calculations. Thanks.
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