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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381321 times)
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Genesis-Mining
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October 09, 2015, 08:33:52 PM
 #3561

Hi Everyone.

Just wanted to remind everyone that payouts can be anytime each day between Midnight and 23:59 UTC time.
So on one day you might get a payout in the morning, another day in the evening and then in the morning again. It will vary every day.

We have had a lot of support tickets this evening with people asking about their payouts.

You can find out the time in UTC by typing "time in utc" in Google.

Currently as I type this it is just 8:32 PM UTC.

Genesis Mining

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Bravo_Zulu
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October 10, 2015, 11:15:07 AM
 #3562

Up to 10/8/2015...a bit of a bump in BTC but not payout.

http://i.imgur.com/KHPnuW5.jpg

This is what i don't understand. how can btc price go up but not the pay out?
Wintermute
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October 10, 2015, 11:58:52 AM
 #3563

Up to 10/8/2015...a bit of a bump in BTC but not payout.



This is what i don't understand. how can btc price go up but not the pay out?

I think the price lacks one day; so the pricing on the previous day is relevant because they will probably do the BTC/USD conversion during that day. It could also be because the price is changing during the day, or pool luck could also play a role.
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October 10, 2015, 07:00:30 PM
 #3564

Up to 10/9/2015...funny how that bump in BTC didn't translate to a bump in payout this time around.  Maybe it's two days behind!  Realistically, unless we can see pool or mining statistics, we'll never really know what the relationships are.


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elrippo
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October 11, 2015, 09:13:20 AM
 #3565


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biggbox
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October 11, 2015, 02:24:54 PM
 #3566

GM's payout seems to be falling. I guess it is more worth while to buy your own miners.

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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October 11, 2015, 10:37:46 PM
 #3567

GM's payout seems to be falling. I guess it is more worth while to buy your own miners.

Wrong conclusion. With rising difficulty payouts for home miners are dropping, as well.

Mining at home only makes sense if (i) you have free (or very cheap electricity) available and (ii) if you do not take into account the time you spend for setting up and maintaining the machine.

clgrissom3
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October 12, 2015, 02:01:08 AM
 #3568

Up to 10/10/2015


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IanFoxley
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October 12, 2015, 08:59:12 AM
 #3569

GM's payout seems to be falling. I guess it is more worth while to buy your own miners.

Wrong conclusion. With rising difficulty payouts for home miners are dropping, as well.

Mining at home only makes sense if (i) you have free (or very cheap electricity) available and (ii) if you do not take into account the time you spend for setting up and maintaining the machine.

Plus, you might need an electrician to come in and make your home safe and make improvements to your electricity supply if you have lots of miners and also you need to work out cooling as well. If miners get too hot then they dont peform at the best speeds so to cool them down means you would have to underclock them and that means they mine slower.

If you think that a Bitcoin miner is just a box you sit in the corner like an Xbox etc and just turn it on and it hums a little bit, then you have no idea of what it really is like.

When your wife or a girlfriend or perhaps your Mum or even yourself, has a vacuum cleaner on.....it turns off after a few minutes but a Bitcoin miner is like having a vacuum cleaner or a very loud hairdryer on ...all day long 24 hours a day and 7 days a week and it never goes away ...unless you turn it off or throw it out of the window hahaa.....That is just one miner, now imagine a few.

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October 13, 2015, 02:05:11 AM
 #3570

Up to 10/11/2015...boring!  We will need to see BTC at $300 before this thing will show any real improvement.


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julian071
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October 13, 2015, 08:28:51 AM
 #3571

Payouts have tripled the last couple of days. But more importantly, GM did not cancel my 2$/TH/day contract (yet). I'm very thankful for that.

=P
clgrissom3
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October 13, 2015, 12:27:18 PM
 #3572

Up to 10/12/2015...


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Macno
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October 14, 2015, 08:14:01 AM
 #3573

Payouts have tripled the last couple of days. But more importantly, GM did not cancel my 2$/TH/day contract (yet). I'm very thankful for that.

Why is that? How comes the payouts fluctuate that much?
IanFoxley
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October 14, 2015, 08:18:42 AM
 #3574

I had a double payout yesterday.

This was because on Mining Day 07.10.2015 I had a zero payout and apparently it was a fault so those that were affected got that day paid back yesterday so this might be also why for some of you, you got an extra payout.

Check your Mining Day 07.10.2015 payouts.

My account had a mixture of contracts which had 4 different types of fees in it and i think it was those types of accounts that were affected the most.

My account has fees such as 0.02 USD per 10GH/s 0.01 USD per 5 GH/s, 0.0015 USD per GH/s and 0.0012 USD per GH/s.


IanFoxley
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October 14, 2015, 08:21:53 AM
 #3575

Payouts have tripled the last couple of days. But more importantly, GM did not cancel my 2$/TH/day contract (yet). I'm very thankful for that.

Why is that? How comes the payouts fluctuate that much?

No idea, my payouts have not tripled as you can see by my thread I post each day. I had extra yesterday for a missing day on one of my accounts.

Perhaps Julian had an extra payout that day too.

julian071
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October 14, 2015, 03:17:10 PM
 #3576

I did.

Payouts can triple because the formula for your payouts per day is as follows: (Mining capacity x 1/difficulty x price) - (Mining capacity x fee). Because the difference between the first part of the equation and the second is quite small (the amount you earn is an order lower then the amount you mine),  the amount you actually earn can fluctuate quite easily when price or difficulty changes.

=P
clgrissom3
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October 14, 2015, 06:19:09 PM
 #3577

I have not seen any triple payouts...chart up to 10/13/2015...


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julian071
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October 14, 2015, 06:45:55 PM
 #3578



Maybe because 60% of my mining is of the 2$/TH/day-type?

Even tho the payments tripled recently, they are stil less then a third of what they were some time ago... But BTC price seems to be recovering slowly, so maybe, just maybe, the numbers will become good again.

=P
IanFoxley
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October 14, 2015, 06:48:44 PM
 #3579


Maybe because 60% of my mining is of the 2$/TH/day-type?

Even tho the payments tripled recently, they are stil less then a third of what they were some time ago... But BTC price seems to be recovering slowly, so maybe, just maybe, the numbers will become good again.

I believe that those 2$/TH day contracts have finished now. I have a contract which has those fees and only those fees and thats not had any payouts since Mining Day 17.09.2015.

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October 14, 2015, 07:14:34 PM
 #3580

They have not finished, I still have the same total number of TH's, and have not received any communication that the contracts would be terminated.

=P
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