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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 400012 times)
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Serlite
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September 26, 2015, 06:25:48 PM
 #3421

Hmmm...I just noticed, I haven't gotten a payout on my 0.0010 TH/s since Sept 17.
I guess the payout for my little mining power doesn't even exceed the 1 DOGE transaction fee anymore? XP

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IanFoxley
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September 26, 2015, 06:37:09 PM
 #3422

Hmmm...I just noticed, I haven't gotten a payout on my 0.0010 TH/s since Sept 17.
I guess the payout for my little mining power doesn't even exceed the 1 DOGE transaction fee anymore? XP

If your contract is between September 2014 and upto sometime late January 2015, then you will have the older maintenance fees so that is most likely why.



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September 27, 2015, 07:07:22 AM
 #3423

The payout now is the worst since i use GM..

from 20k jump to 9 k satoshi..its sure more than 365 days to hit ROI...will invest when the price or diff back normal and in good

<a href="http://www.freebiebitcoin.com">Earn free bitcoin</a>
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September 27, 2015, 12:32:21 PM
 #3424

Hey All,

Exciting times ahead.

Be prepared for a major announcement coming up next week!


Marco Streng

Did we miss the major announcement?
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September 27, 2015, 12:38:26 PM
 #3425

Chart for the past 30 days ending with mining day 9/26...

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September 27, 2015, 01:00:56 PM
 #3426

Chart for the past 30 days ending with mining day 9/26...



Thanks for the chart.
It makes us realize how things become leverage to our payout (negatively of course).
clgrissom3
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September 27, 2015, 02:19:00 PM
 #3427

I was hoping the difficulty would drop a bit at the next change and BTC would also rise a bit more.  Now it looks like diff will be +2.19% in about 4 days so no relief there...and BTC seems to be slightly downhill now also.
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September 27, 2015, 05:35:32 PM
 #3428

I guess the Chart is quit well to accept my feelings that the payouts had been without no Reason until now too low..
I cant be because of the Difficulty or the btc Price fall. Anyway the BTC Price will be back soon at 500$ i guess.

It is very helpfull vor much companys.. just w8 for it Cheesy


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September 27, 2015, 09:41:42 PM
 #3429

I was hoping the difficulty would drop a bit at the next change and BTC would also rise a bit more.  Now it looks like diff will be +2.19% in about 4 days so no relief there...and BTC seems to be slightly downhill now also.
I see WTF, hole-time it where negative  Angry

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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September 28, 2015, 02:11:34 AM
 #3430

I was so looking forward to a drop in difficulty...even a small drop. Then the estimated diff changes to positive!
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September 28, 2015, 12:15:02 PM
Last edit: September 28, 2015, 01:40:52 PM by clgrissom3
 #3431

Chart for the past 30 days ending with mining day 9/27...BTC up, payout down...

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September 28, 2015, 02:02:08 PM
 #3432

Chart for the past 30 days ending with mining day 9/27...BTC up, payout down...

Maybe I miss interpret something, but
The last lower Payout was from Mining Day 27.09 (with BTC price ~232)
But the Bitcoin price has risen in the last 12 hours.

So you have to compare the next payment (tomorrow) with the price of today.
It is always paid 1 day later.

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September 28, 2015, 03:17:25 PM
 #3433

Chart for the past 30 days ending with mining day 9/27...BTC up, payout down...

Maybe I miss interpret something, but
The last lower Payout was from Mining Day 27.09 (with BTC price ~232)
But the Bitcoin price has risen in the last 12 hours.

So you have to compare the next payment (tomorrow) with the price of today.
It is always paid 1 day later.



The mining work is from 9/27 and the payout came in on 9/28...the BTC price is what is recorded by Coinbase the instant the payout hits my wallet...that BTC price was $239.27 this morning when the the payout came in.  I don't know of a way to time the BTC price with the end of the work shift but I do it the same way each day so that it is relative and consistant.  Once I started the charts, it gave me a good visual of the relationship between payouts, BTC price, and difficulty that I could not see by just looking at the numbers.

I guess the correct way is to use the average BTC price of the 24 hours between the start and end of the work shift from mining day 9/27 but that is carring it a bit far, I simply needed a way to see the overview.
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September 28, 2015, 03:35:36 PM
 #3434

Thinking about it a little more, the impact of the BTC price to our payouts occurs at the moment they deduct the cloud fees.  This happens right before they send the payouts to us.  So the BTC price recorded when the payout hits our wallet is about as close as we can get to what it was when they initiated the transaction.
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September 28, 2015, 04:08:27 PM
 #3435

Thinking about it a little more, the impact of the BTC price to our payouts occurs at the moment they deduct the cloud fees.  This happens right before they send the payouts to us.  So the BTC price recorded when the payout hits our wallet is about as close as we can get to what it was when they initiated the transaction.

mh, don't know if they calculate fee in the 'last second' or if they use a average of the day.
but yea, guess you are right.

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September 28, 2015, 04:16:40 PM
 #3436

Be prepared for a major announcement coming up next week!
Did we miss the major announcement?

The major announcement was that all their old contracts are useless ? And still no goodwill measure for their oldest customers.

They will get what they probably deserve : no more investment here and a bad publicity.
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September 28, 2015, 04:29:48 PM
 #3437

8 days till all old contracts will be terminated roughly a year of mining for me sad sad story but what you gonna do. We can still hope for a miracle in bitcoin difficulty drop or price rise but neither seems plausible at the moment. So guys i wish you all the best i am out of this thread.



greetings dead

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WhitePaper
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clgrissom3
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September 28, 2015, 05:16:14 PM
Last edit: September 28, 2015, 11:21:25 PM by clgrissom3
 #3438

Thinking about it a little more, the impact of the BTC price to our payouts occurs at the moment they deduct the cloud fees.  This happens right before they send the payouts to us.  So the BTC price recorded when the payout hits our wallet is about as close as we can get to what it was when they initiated the transaction.

mh, don't know if they calculate fee in the 'last second' or if they use a average of the day.
but yea, guess you are right.

I guess it comes down to it we really can't know for sure what GM does or when they do it...it's that whole transparency thing.  If someone like me decides to throw together some sort of relational chart for a visual, there are only a couple of knowns.  The rest is guess work.  I think the charts do a pretty good job of relating Payouts, BTC Prices, and Difficulty in an easy to visulize way.  I know it helped me to get my head around what was going on.
clgrissom3
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September 28, 2015, 05:17:57 PM
 #3439

8 days till all old contracts will be terminated roughly a year of mining for me sad sad story but what you gonna do. We can still hope for a miracle in bitcoin difficulty drop or price rise but neither seems plausible at the moment. So guys i wish you all the best i am out of this thread.



greetings dead

It seems that we are all heading that way sooner than we hoped...happy trails!
clgrissom3
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September 29, 2015, 07:18:29 PM
 #3440

Chart for the past 30 days ending with mining day 9/28...I can't get the S7s I ordered so I'll just keeping looking at these charts...

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