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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 382037 times)
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clgrissom3
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September 28, 2015, 12:15:02 PM
 #3441

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
 #3442

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
 #3443

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
 #3444

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
 #3445

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
 #3446

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
 #3447

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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September 28, 2015, 05:16:14 PM
 #3448

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.

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September 28, 2015, 05:17:57 PM
 #3449

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!

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September 29, 2015, 07:18:29 PM
 #3450

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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September 29, 2015, 09:37:49 PM
 #3451

With my 17 kw of solar panels going active in about 5 days I wish I could buy an S7.

On the other hand it might be best to wait until Batch 2 so that any bugs get worked out.
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September 30, 2015, 03:31:41 AM
 #3452

With my 17 kw of solar panels going active in about 5 days I wish I could buy an S7.

On the other hand it might be best to wait until Batch 2 so that any bugs get worked out.

Well, they are selling Batch2 and Batch3 already  Wink

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September 30, 2015, 08:48:46 AM
 #3453

Hey All,

Exciting times ahead.

Be prepared for a major announcement coming up next week!


Marco Streng

Did we miss the major announcement?

No, will be very soon! Smiley

Edit: now posted below.

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September 30, 2015, 09:49:36 AM
 #3454

Hello Genesis Mining Community.

Today we are pleased to announce our X11 mining contracts.

Contracts are for 1 year in duration and all fees are included in the upfront cost, including Maintenance. So nothing more to pay and no daily fees to be removed.

Those of you who have been customers for a while will also be part of our Loyalty Program and more on that will be sent out in an email.

With our X11 contracts you can allocate hashpower to the following coins.

Dash (DRK). As Dash is an X11 native coin, this is mined directly and payouts are in DRK.

Start (START). Another X11 native coin, again mined directly.

BTC (AUTO) Using the Autotrade function on the X11 Mining allocation screen, profitable X11 coins at the time are mined and the daily payout is automatically traded to BTC and paid out as BTC.

We will be adding some more coins to allocate hashpower to soon.

Pricing

All contracts are 1 year and include all costs including maintenance, electricity. No more to pay.

If you are a member of our Loyalty Program then you will get an automatic discount of 5% off your X11 hashpower orders.

1 MH/s  = $24    ($24 per MH/s)   With Loyalty Discount $22.80 USD

20 MH/s = $420  ($21 per MH/s) With Loyalty Discount $399.00 USD

100 MH/s = $1,900.00 ($19 per MH/s)   With Loyalty Discount $1,805.00 USD
 


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September 30, 2015, 10:20:17 AM
 #3455

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...


Thought of giving a try to Genesis Mining, but confused why so much variance is there. I'm mining at www.CloudMining.website for more then six months now and the payout is steady. For a fixed hash power payout is more or less inversely proportional to the network difficulty. Moreover, bitcoin price did not experience any huge change in last six months. So, this graph makes me doubtful.
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September 30, 2015, 10:25:44 AM
 #3456

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...


Thought of giving a try to Genesis Mining, but confused why so much variance is there. I'm mining at www.CloudMining.website for more then six months now and the payout is steady. For a fixed hash power payout is more or less inversely proportional to the network difficulty. Moreover, bitcoin price did not experience any huge change in last six months. So, this graph makes me doubtful.

The payout is not fixed though because the BTC/USD exchange rate will also effect the payouts.

If you look at my thread here, payouts are pretty stable with GM compared to the daily payouts with Hashnest.
https://bitcointalk.org/index.php?topic=768931.msg12535726#msg12535726



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September 30, 2015, 02:17:31 PM
 #3457

ending with mining day 9/29...


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September 30, 2015, 06:32:29 PM
 #3458

My two cents for a 0,0020$ fee contract until 30.09.2015


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clgrissom3
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September 30, 2015, 07:05:28 PM
 #3459

Cool!  How do we interpret the spikes on payout line?  What are they?

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September 30, 2015, 07:27:49 PM
 #3460

What are they?

High payouts  Grin


My payouts are climbing up as well

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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