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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 382077 times)
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julian071
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September 19, 2015, 03:57:29 PM
 #3221

No answer yet on the ticket I submitted.

This simply can't be right. I hope this gets resolved.

=P
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BitcoinNewsMagazine
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September 19, 2015, 05:29:29 PM
 #3222

Antminer S7 daily maintenance fee will be half of Genesis Mining or $0.00058/GHS/day. Cost per GH/s will be roughly equal. If you want to pre-order Antminer S7 to hash right now the cost will be $0.40/GHS but you will have to buy hash equal to a full miner or 4860 GHS. Still the best deal around and publicly traded about Oct 10. I see no way Genesis Mining will be able to compete with Hashnest with the significantly lower maintenance fees of S7. And unlike Genesis Mining you can sell your hashing power any time you like.

Was looking into Genesis mining but now like you said above Hashnest comparing to others is miles better in fees and a lot of other areas too., The only thing I do not see with Hashnest you cant buy under 1TH or am looking in the wrong place. Am all for grabbing cloud hash and testing the water but got so fed up of fees with a lot of companys. Maybe hashnest can change that.

You have to create an account at Bitmain and then go to the Hashnest user panel. S7 hash will not be traded on the internal market until about Oct 10 at that time you can buy small amounts. Right now you have to buy hash equal to a full S7 and it will not be deployed until Oct 10.

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September 19, 2015, 06:12:21 PM
 #3223

Antminer S7 daily maintenance fee will be half of Genesis Mining or $0.00058/GHS/day. Cost per GH/s will be roughly equal. If you want to pre-order Antminer S7 to hash right now the cost will be $0.40/GHS but you will have to buy hash equal to a full miner or 4860 GHS. Still the best deal around and publicly traded about Oct 10. I see no way Genesis Mining will be able to compete with Hashnest with the significantly lower maintenance fees of S7. And unlike Genesis Mining you can sell your hashing power any time you like.

Was looking into Genesis mining but now like you said above Hashnest comparing to others is miles better in fees and a lot of other areas too., The only thing I do not see with Hashnest you cant buy under 1TH or am looking in the wrong place. Am all for grabbing cloud hash and testing the water but got so fed up of fees with a lot of companys. Maybe hashnest can change that.

You have to create an account at Bitmain and then go to the Hashnest user panel. S7 hash will not be traded on the internal market until about Oct 10 at that time you can buy small amounts. Right now you have to buy hash equal to a full S7 and it will not be deployed until Oct 10.

ahh that would explain things more clear to me as to why can not buy yet. I do have an account with them just wasn't aware of the other stuff so need to wail till 10th October in order to but as want. Am assuming that the other s5 and so on are available to buy at any amount as been out for a while or the feature of trading amounts not yet available on an till 10th?

=
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BitcoinNewsMagazine
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September 19, 2015, 06:42:28 PM
 #3224

Antminer S7 daily maintenance fee will be half of Genesis Mining or $0.00058/GHS/day. Cost per GH/s will be roughly equal. If you want to pre-order Antminer S7 to hash right now the cost will be $0.40/GHS but you will have to buy hash equal to a full miner or 4860 GHS. Still the best deal around and publicly traded about Oct 10. I see no way Genesis Mining will be able to compete with Hashnest with the significantly lower maintenance fees of S7. And unlike Genesis Mining you can sell your hashing power any time you like.

Was looking into Genesis mining but now like you said above Hashnest comparing to others is miles better in fees and a lot of other areas too., The only thing I do not see with Hashnest you cant buy under 1TH or am looking in the wrong place. Am all for grabbing cloud hash and testing the water but got so fed up of fees with a lot of companys. Maybe hashnest can change that.

You have to create an account at Bitmain and then go to the Hashnest user panel. S7 hash will not be traded on the internal market until about Oct 10 at that time you can buy small amounts. Right now you have to buy hash equal to a full S7 and it will not be deployed until Oct 10.

ahh that would explain things more clear to me as to why can not buy yet. I do have an account with them just wasn't aware of the other stuff so need to wail till 10th October in order to but as want. Am assuming that the other s5 and so on are available to buy at any amount as been out for a while or the feature of trading amounts not yet available on an till 10th?

Yes you can still buy S5 hash on the Hashnest market but I would not. Price has been in a steady downtrend. Wait for S7 to start trading.

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September 19, 2015, 07:36:34 PM
 #3225

Looks like the new lower fees also don't work correct.
Had 0.075 TH and bought 0.35 TH on Thursday (September 17th)

But the current Payout is only 174 Sat. per GH/s

So i still have the high fees (and the rewards are generally even further down).

Can not say that I am very happy.


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September 19, 2015, 07:45:45 PM
 #3226

For me todays's payout represent a drop of almost 75% compared to a few days ago, while price went slightly up & difficulty only a notch up during the same time, so there is clearly something not clear. :/

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September 20, 2015, 12:25:29 AM
 #3227

Has anyone received payout for mining day 18.9? Nothing here and it´s the twentieth where I am.

The 17th was 100 sat. per gh/s like I posted above.

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September 20, 2015, 01:31:40 AM
 #3228

weird, payout has dropped to a very low.
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September 20, 2015, 02:30:45 AM
 #3229

weird, payout has dropped to a very low.

Yeah this new infrastructure rocks!
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September 20, 2015, 07:55:18 AM
 #3230

weird, payout has dropped to a very low.

Yeah this new infrastructure rocks!

Wondering what reason from GMs PR regarding this.
Hope not the exchange rate (again), really.
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September 20, 2015, 11:01:41 AM
 #3231

There's definitely something wrong, my payments went from 0.02something to 0.015 yesterday and 0.012 today. I have logged a call.

Okay Guys i have the same Problem as u aswell. I heard about lowering the Fees per gh/s from CryptoMiningblog.

Also my Payouts are horrible at the Moment, but this is because of the cheap BTC Price at the Moment.
I would like to have a better overview over the Mining and the finded Blocks that my Hashrates are trying to solve.

That would be great to get more transparance at genesis Mining from= how much u earned, and how much u pay for electricity

regards
lama-hunter

Unfortunately at the moment as we have posted before, if you look up in our past posts here, it is not possible at the moment to display that kind of information. We are working on that.

It is pretty easy to work out your electricity costs though. Just take your maintenance fee as it is in USD and multiply it by the amount of GH/s you have.

For example if you have 1TH/s then as your maintenance fee might be for example 0.0015 USD per GH/s per day, just multiply 0.0015 x 1000 = 1.5 or 1.50 USD. Then you can work out on various sites what 1.50 USD in bitcoin is, it will not be 100 percent accurate as BTC price varies a little on different exchanges but it will give you a good idea of how much BTC has to be removed from your payout each day for the maintenance fee.

For those with new contracts from the last few days the maintenance fee will be 0.0012 USD per GH/s per day so that will be 1.20 USD per 1TH/s that is removed from the daily payout.

alright, Boss.

0.0015$ per gh/s x 11000 gh/s = 16.50$//0.07BTC
Earnings should be 0.09323231 - 0.07BTC = 0.02323231 My Pacout was : 0.01869084 Differnce 0.00454147 = ca. 1.05$:

So there is missing an Payout of min. 0.0045 BTC. Genesis Mining ? Whats wrong?

356 x 0.00454147 = 1.61676332 BTC at one Year differnce.
This isnt funny anymore Guys.


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September 20, 2015, 11:14:35 AM
 #3232

Same here.
Lowest payment ever.  Shocked

I have been following https://bitcointalk.org/index.php?topic=768931.360 and I get exactly the same satoshis per GH/s he does on every payment.

Even so, I feel these values are just wrong
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September 20, 2015, 12:03:04 PM
 #3233

Hi,

I would like to promote Genesis-mining on my faucets. Do you have some link/s to nice articles about service?
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September 20, 2015, 07:12:09 PM
 #3234

FWIW the guestimated wallet of GM based on taint analysis I mentioned sometime ago is now empty, and it's the one from which payouts were made (at least for all payouts addresses I know about), hence the lack of payouts.

Now, if GM is legit, one can hope this was a hot wallet for payouts and trading alts, there was a technical hiccup and it will be replenished Monday latest, otherwise...

Also given that this hot wallet held a very significant amount at times, chances are it was hacked, though I do not see any massive withdrawal, taint analysis is not all-seeing nor foolproof, and it could be their mining wallet that was hacked. Anyway, if it's a hack, for a real mining operation with actual hardware, it should be survivable.

We will know soon either way.

(Currently rerunning the taint analysis, will post update if the new analysis comes to different conclusions)

Edit: new analysis found about 315 BTC, so they're no it dry.

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September 20, 2015, 08:03:20 PM
 #3235

I'd really like an explanation why my payouts dropped 40% in two days while the BTC-price remained equal (in fact it rose a little).

(edit: 40% not 60%).

Same here : http://imgur.com/DsJ3U0N

You better have a good explanation GM....

I'm waiting for a serious answer. I WANT to know which pool you are using.
Let's be transparent, or trust me you will have to face angry people.


I would like to have a better overview over the Mining and the finded Blocks that my Hashrates are trying to solve.

That would be great to get more transparance at genesis Mining


Unfortunately at the moment as we have posted before, if you look up in our past posts here, it is not possible at the moment to display that kind of information. We are working on that.


You better work on it really really fast.

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September 20, 2015, 08:29:55 PM
 #3236

I'd really like an explanation why my payouts dropped 40% in two days while the BTC-price remained equal (in fact it rose a little).

(edit: 40% not 60%).

Same here : http://imgur.com/DsJ3U0N

You better have a good explanation GM....

I'm waiting for a serious answer. I WANT to know which pool you are using.
Let's be transparent, or trust me you will have to face angry people.


I would like to have a better overview over the Mining and the finded Blocks that my Hashrates are trying to solve.

That would be great to get more transparance at genesis Mining


Unfortunately at the moment as we have posted before, if you look up in our past posts here, it is not possible at the moment to display that kind of information. We are working on that.


You better work on it really really fast.

I agree, questions need to be answered. Like you guys I am also down on payouts (and yet to receive a payout today). If GM are pulling a fast one when I think I will be using what little ROI I have on a nice trip to iceland...
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September 20, 2015, 08:30:54 PM
 #3237

or trust me you will have to face angry people.

You better work on it really really fast.

Threats will definitely help.
If I were GM, I would now terminate your contract.

I'm sure it's just a technical problem and will be solved monday.

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September 20, 2015, 08:46:45 PM
 #3238

or trust me you will have to face angry people.

You better work on it really really fast.

Threats will definitely help.
If I were GM, I would now terminate your contract.

I'm sure it's just a technical problem and will be solved monday.

Stop being a stupid puppet. It's not a threat, just reality.

We paid for a service here. We are customers. We have the right to be angry with such payouts. If it is a technical problem, they better speak about it fast and loud.

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September 20, 2015, 09:04:45 PM
 #3239

or trust me you will have to face angry people.

You better work on it really really fast.

Threats will definitely help.
If I were GM, I would now terminate your contract.

I'm sure it's just a technical problem and will be solved monday.

Stop being a stupid puppet. It's not a threat, just reality.

We paid for a service here. We are customers. We have the right to be angry with such payouts. If it is a technical problem, they better speak about it fast and loud.

It's a little of both. As customers we are intitled to be angy (or better: worried) at this stage. However, to jump to conclusions does not help, and letting anger getting the better if you certainly does not either.

At this stage, to me it seems the most probable scenario is a technical problem. Which in itself is bad enough for a cloud mining company;  you want the payouts to be utterly reliable. GM is certainly not a ponzi scheme waiting to run with our money, they're way to big and way to invested in something good (for them) for that.

They're also not the first cloud mining company to fuck up their internal accounting. The accounting is usually built around old database technologies, rarely do they use a blockchain-like technology for internal accounting. Also, a number of big exchanges face similar issues. Recently Bitfinex fucked up. And a couple of weeks ago, Megamine acidentaly trippled my income and paid me 2 BTC more then I was intitled to. They have since corrected that, I now have a negative BTC balance there....

Megamine did not communicate ANYTHING about their fuck-up. I presume GM will do better, but I must say it does take a long time.

=P
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September 20, 2015, 11:12:59 PM
 #3240

There is another possible scenario at work here.  With payouts 40% lower than 2 weeks ago, BTC prices slightly higher than 2 weeks ago, and multipool algorithms in place to minimize pool variance there could be a series of miner hardware or networking failures taking place.  It's the only thing that makes any sense.  With a 100% uptime guarantee in place we should be compensated for the apparent loses we are suffering, right Genesis-Mining?  Give us some kind of communication here about what is happening or all sorts of theories will pop up here.

Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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