IanFoxley
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Activity: 910
Merit: 1000
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October 03, 2015, 07:33:10 PM
Last edit: October 03, 2015, 07:57:31 PM by IanFoxley |
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Bought 1 MH/S X11 hash from GM - received payout: 0.00015965
Set to BTC (AUTO)
That payout is small, perhaps you got your contract half way through a mining day when you purchased it. How much did you receive for 1 MH/S X11? 0.00030651 BTC But that was for a full 24 hours as I purchased my contract on the first day it was out so a few days ago now. |
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creuz
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Activity: 119
Merit: 10
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October 03, 2015, 07:58:39 PM |
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How much Average daily Profit per 1 MH/s. X11 ?
I do not know how to calculator
X11 Asics does not exists. I don't believe Genesis Mining bought GPU, and even if they did they are unable to be profitable. So today ROI is 400 days but it is a ponzi scheme and I bet with you in 6 months your contract will be off, you final ROI will be 50% at best. As usual they offer larger payouts first weeks to attract noobs. This company is now an obvious scam machine. First of all, thanks once again Cruez for your kind comments. Let me answer some of your thoughts. X11 Asics does not existsYes that is true, at the moment we do not see any X11 Asics on the horizon so this is good for X11 mining in general. I don't believe Genesis Mining bought GPU, and even if they did they are unable to be profitable.Well unfortunately for you, it is true. We have the largest GPU farms in Europe. Infact our GPU farm has been running for a long time and we now are offering users the chance to cloudmine X11 using it. In our last webinar, CEO Marco Streng showed some video clips of our GPU farm and if you look around on the internet there are some pictures from 2014 taken at one of our GPU farms. https://youtu.be/bwCDI4axuKg?t=8m12sI bet with you in 6 months your contract will be off, you final ROI will be 50% at best.X11 mining contracts can not end because the maintenance fees are paid upfront so unlike our Scrypt Lifetime contracts from the past and our Lifetime SHA 256 contracts there is no daily fees to come out. This company is now an obvious scam machine.Thanks for your opinion. I am sure others can look at what we post online, pictures of our staff, our farms, our videos and live streaming etc and judge for themselves. i.e. : we were mining for our own profit for a long time and now it is no more profitable we take chance to catch noobs cash. Why don't you continue to run them as you did ? "X11 mining contracts can not end because the maintenance fees are paid upfront so unlike our Scrypt Lifetime contracts from the past and our Lifetime SHA 256 contracts there is no daily fees to come out." We know how you manage the payouts : no proof of anything. You did it for scrypt and SHA256. Your HUGE55%DISCOUNT guys tell us to look at coinwarz to check the non profitability. So today I tell you how are you profitable with X11, because CoinWarz show us it is NOT. I want you to tell us how many you will pay per difficulty ratio because we know now how you are able to stop payouts. No fees, ok, so, give us garantees if you are able to. What I understand is that you need cash and know that you will pay less in lifetime contract (1 year) than what we will pay for. |
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biggbox
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October 03, 2015, 07:59:38 PM |
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Bought 1 MH/S X11 hash from GM - received payout: 0.00015965
Set to BTC (AUTO)
That payout is small, perhaps you got your contract half way through a mining day when you purchased it. How much did you receive for 1 MH/S X11? 0.00030651 BTC But that was for a full 24 hours as I purchased my contract on the first day it was out so a few days ago now. Thanks Ian. I will post another update again once I receive the next payout. If it is a constant 0.0003, it will be about $25 per year. |
1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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October 03, 2015, 08:04:11 PM |
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Bought 1 MH/S X11 hash from GM - received payout: 0.00015965
Set to BTC (AUTO)
That payout is small, perhaps you got your contract half way through a mining day when you purchased it. How much did you receive for 1 MH/S X11? 0.00030651 BTC But that was for a full 24 hours as I purchased my contract on the first day it was out so a few days ago now. Thanks Ian. I will post another update again once I receive the next payout. If it is a constant 0.0003, it will be about $25 per year. Which is exactly my point.. Pay 24 USD for something that pays you back 25 USD a year in BTC...If you get a 5% discount it helps abit but it is still a small amount that you get back. Thats not exactly profit is it and even then crypto is so unpredictable you have no idea if the payouts will get better either. The only good thing is that there are no maintenance fees so as written already.. none of that BTC/USD exchange rate to worry about. I bought the low priced contracts primarily so that I can post them on my threasd so that people can have an idea before purchasing what kinds of payouts they could expect. |
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creuz
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Activity: 119
Merit: 10
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October 03, 2015, 08:09:01 PM
Last edit: October 03, 2015, 08:29:14 PM by creuz |
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Bought 1 MH/S X11 hash from GM - received payout: 0.00015965
Set to BTC (AUTO)
That payout is small, perhaps you got your contract half way through a mining day when you purchased it. How much did you receive for 1 MH/S X11? 0.00030651 BTC But that was for a full 24 hours as I purchased my contract on the first day it was out so a few days ago now. Thanks Ian. I will post another update again once I receive the next payout. If it is a constant 0.0003, it will be about $25 per year. Don't expect to receive this amount for a year. Difficulty will obviously change because now the World's leading hashpower provider! is going to mine X11 and a lot of clever customers will buy this contract. This is systematic, just look now for Startcoin hashrate : 24.81 GH/s. Let's see how it will increase over time. http://www.coinwarz.com/cryptocurrencyI promise to give you $25 next year if you reach ROI.. |
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Zeta0S
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Activity: 1890
Merit: 1031
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October 03, 2015, 09:20:06 PM |
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This is the loser business. And you can't sell your contract when you realize this fact.
Not really, its fun to receive coins daily, even if it cost me a view bucks. |
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GermanGiant
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October 03, 2015, 10:24:47 PM |
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This is the loser business. And you can't sell your contract when you realize this fact.
Not really, its fun to receive coins daily, even if it cost me a view bucks. So true...  |
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biggbox
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October 04, 2015, 03:33:20 AM |
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This is the loser business. And you can't sell your contract when you realize this fact.
Not really, its fun to receive coins daily, even if it cost me a view bucks. Yes. I agree it's fun! I really like auto payouts.  |
1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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biggbox
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October 04, 2015, 12:14:52 PM |
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Bought 1 MH/S X11 hash from GM - received payout: 0.00015965
Set to BTC (AUTO)
That payout is small, perhaps you got your contract half way through a mining day when you purchased it. How much did you receive for 1 MH/S X11? 0.00030651 BTC But that was for a full 24 hours as I purchased my contract on the first day it was out so a few days ago now. Ian, 0.0003003 for 1 MH/S X11 algo. |
1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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IanFoxley
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Activity: 910
Merit: 1000
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October 04, 2015, 12:44:53 PM
Last edit: October 04, 2015, 01:20:53 PM by IanFoxley |
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0.0003003 for 1 MH/S X11 algo.
Yes that is almost the same as what i got today. I will post other info on my thrad I actually had 0.00030036 |
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Borgminer
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October 04, 2015, 08:31:24 PM |
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im glad i didnt get any x11 hash
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Zeta0S
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Activity: 1890
Merit: 1031
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October 04, 2015, 09:35:03 PM |
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im glad i didnt get any x11 hash
ok. |
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sirazimuth
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Activity: 3346
Merit: 3484
born once atheist
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October 05, 2015, 12:21:49 AM |
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just for comparison payment for x11 is currently .31btc/gh or .00031btc /1mh approx per day on nicehash
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Bitcoin...the future of all monetary transactions...and always will be
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biggbox
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October 05, 2015, 01:00:18 AM |
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0.0003003 for 1 MH/S X11 algo.
Yes that is almost the same as what i got today. I will post other info on my thrad I actually had 0.00030036 Mine was 0.00030036 exactly too. I omitted the last number for privacy actually  Looks like everyone's share is equally divided. |
1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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clgrissom3
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Activity: 1722
Merit: 1032
Carl, aka Sonny :)
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October 05, 2015, 03:54:33 AM |
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Up to 10/3/2015...  |
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clgrissom3
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Activity: 1722
Merit: 1032
Carl, aka Sonny :)
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October 05, 2015, 03:29:13 PM |
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Up to 10/4/2015...  |
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biggbox
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October 05, 2015, 03:35:22 PM |
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I read some stories on GM unilaterally converted scrypt power to SHA256 power on a 1:1 ratio. Is that true?
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1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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October 05, 2015, 03:37:37 PM |
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I read some stories on GM unilaterally converted scrypt power to SHA256 power on a 1:1 ratio. Is that true?
When Lifetime Scrypt contracts were being terminated GM converted 1MH/s Scrypt to 1GH/s SHA 256. |
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julian071
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October 05, 2015, 09:13:51 PM |
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It's about time the 2 dolla / TH contracts get terminated. Maybe they'll partly convert them to X11 ;+D
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=P
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Serlite
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October 05, 2015, 11:55:30 PM |
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It's about time the 2 dolla / TH contracts get terminated. Maybe they'll partly convert them to X11 ;+D
I think I still have about 1 more day of non-payment before mine gets terminated. Crossing my fingers for a sudden spike in BTC so I get at least 1 DOGE and restart the timer, haha. It would be cool if they converted it, but probably a pretty unreasonable thing to hope for. =P |
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