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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 384355 times)
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clgrissom3
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October 20, 2015, 05:53:39 PM
 #3601

Up to 10/19/2015...I'm hoping that as I look at this chart all will be revealed in time and it will make sense.  I don't think it has yet.


I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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IanFoxley
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October 20, 2015, 06:05:07 PM
 #3602

Up to 10/19/2015...I'm hoping that as I look at this chart all will be revealed in time and it will make sense.  I don't think it has yet.



Makes sense to me, the lines almost match most of the time, can definitely tell that GM is mining and not actually pretending just because the lines are not 100 percent similar due to fluctuations in pool results you can see things look quite good.

If you want to do graphs of other payouts, just go back and look at my payout thread so you can do the payouts for the newer 0.0012 USD contracts if you like..

Or can dare you to do my Hashnest Payout and then you will love the ups and downs and that will really confuse you haha


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October 20, 2015, 06:20:40 PM
 #3603

Hi,

thanks for those graphs. Can anybody explain what happened in the beginning of September ? Payout dropped significantly and stabilized around the time the new 0.0012 contracts came available mid September, but the payout graph never rose back above the price graph. Once this happens again I will regain some confidence that those contracts will ROI and maybe even run for a long long time.

Good luck to everybody! Smiley

netpeak
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October 20, 2015, 06:34:51 PM
 #3604

Hi,

thanks for those graphs. Can anybody explain what happened in the beginning of September ? Payout dropped significantly and stabilized around the time the new 0.0012 contracts came available mid September, but the payout graph never rose back above the price graph. Once this happens again I will regain some confidence that those contracts will ROI and maybe even run for a long long time.

Good luck to everybody! Smiley

netpeak

Thats the BTC difficulty change that caused that on the 17th September, the low priced contracts came out on the 16th September, but if BTC price keeps climbing then at some point the SAT/GHs line should start to go above the price line again.

The next BTC Difficulty rise will probably cause a drop again although at the moment the difficulty change might be small again..So will see what happens in the coming days.

At current difficulty BTC would have to fall to around 150 USD for the 0.0012 USD per GH/s contracts to stop paying out.

Genesis-Mining
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October 21, 2015, 09:27:38 AM
 #3605

Hello Genesis Mining Community.

We have added some more (AUTO) coins to our X11 Mining allocation page today.

They are:

Curecoin (AUTO)  https://www.curecoin.net/

Namecoin (AUTO) https://namecoin.info/

Peercoin (AUTO)  http://peercoin.net/

With X11 contracts (AUTO) means that most profitable X11 coins are mined and traded at payout time to any (AUTO) coins that you have allocated your hashpower to.

If you allocate hashpower to Curecoin for example this means that profitable X11 coins are mined and then at payout time traded and paid out as Curecoin to a Curecoin address.

Regards

Genesis Mining

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October 21, 2015, 10:49:53 AM
 #3606

We are excited to announce our next live webinar will take place next Monday, October 26th at 3pm EST.

During this webinar, we'll release a video of our latest X11 farm, answer all your X11 questions, and release exclusive photos of our latest campaign to raise awareness for Bitcoin.

If you want questions answered, please email us at Live@Genesis-Mining.com or tweet @GenesisMining on twitter.

Look forward to seeing you there!

PS: Our good friends Max Keiser and Simon Dixon have
launched a new Ethereum Mining Backed Security Fund! This is the first time of Ethereum Mining in large scale! We are proud to say we'll be the company providing the mining power for this exciting project. There is only few days remaining to fund the project. Click http://tinyurl.com/pgeg6vt to check it out!

clgrissom3
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October 22, 2015, 03:44:11 AM
 #3607

Up to 10/20/2015...


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October 22, 2015, 06:56:41 AM
 #3608

We are excited to announce our next live webinar will take place next Monday, October 26th at 3pm EST.

During this webinar, we'll release a video of our latest X11 farm, answer all your X11 questions, and release exclusive photos of our latest campaign to raise awareness for Bitcoin.

If you want questions answered, please email us at Live@Genesis-Mining.com or tweet @GenesisMining on twitter.

Look forward to seeing you there!

PS: Our good friends Max Keiser and Simon Dixon have
launched a new Ethereum Mining Backed Security Fund! This is the first time of Ethereum Mining in large scale! We are proud to say we'll be the company providing the mining power for this exciting project. There is only few days remaining to fund the project. Click http://tinyurl.com/pgeg6vt to check it out!

Will be there! Love that Guy !! (Max Keiser)

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Genesis-Mining
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October 22, 2015, 01:06:59 PM
 #3609

Hi Genesis Mining community.

Unfortunately we have now sold out of X11 hashpower.  It was very popular and it went quite fast.

Please look out for announcements in the future, for when we will have some more X11 hashpower.

Regards

Genesis Mining

clgrissom3
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October 22, 2015, 10:07:41 PM
 #3610

Up to 10/21/2015...still tracking with the BTC price.


I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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October 23, 2015, 09:27:14 AM
 #3611

Hi Genesis Mining community.

Unfortunately we have now sold out of X11 hashpower.  It was very popular and it went quite fast.

Please look out for announcements in the future, for when we will have some more X11 hashpower.

Regards

Genesis Mining

Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?
taino
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October 24, 2015, 10:52:57 AM
 #3612


[/quote]

Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?
[/quote]


Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

The only solution can be if I change the payout from BTC(auto) to some X11 coins and value of those coins will rise in the future...

What do you think?
IanFoxley
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October 24, 2015, 11:15:06 AM
 #3613



Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?
[/quote]


Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

The only solution can be if I change the payout from BTC(auto) to some X11 coins and value of those coins will rise in the future...

What do you think?
[/quote]

Yes might be an idea, to mine some Start and Dash and hold them and then sell them when price is high etc.. might help you make ROI. Like most things Crypto, though it is a risk.
But as you purchased 1MH/s it might be worth the risk.

unitedminers
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October 24, 2015, 11:28:41 AM
 #3614


Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

The only solution can be if I change the payout from BTC(auto) to some X11 coins and value of those coins will rise in the future...

What do you think?

How about building an X11 miner by yourself? Would it be possible to get ROI within 1 year and which GPU would you prefer?
clgrissom3
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October 24, 2015, 02:39:07 PM
 #3615

Up to 10/23/2015...if the BTC price stays at this level for the next 2 years I could ROI.  As of today my ROI for this contract is 711 days.


I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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October 24, 2015, 04:06:07 PM
 #3616


For Advertisement. PM me to discuss.
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DMD Diamond Making Money 4+ years! Join us!


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October 25, 2015, 07:32:03 AM
 #3617



Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?


Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

The only solution can be if I change the payout from BTC(auto) to some X11 coins and value of those coins will rise in the future...

What do you think?
[/quote]

Yes might be an idea, to mine some Start and Dash and hold them and then sell them when price is high etc.. might help you make ROI. Like most things Crypto, though it is a risk.
But as you purchased 1MH/s it might be worth the risk.

[/quote]

I really do not understand why you people stubbornly keep sending money to Genesis Mining when you know none of their products brings profit. NONE.

After you do, you complain here how payouts are shit and you ll never reach ROI. I tested them with my own money, it s been a year and I have not reached ROI and wont do it, ever. But I dont go back to them and send more.

Stop supporting companies which bring profit only for them.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
taino
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October 26, 2015, 12:47:56 PM
 #3618

Hehe, I wanted to set the payouts to X11 coins instead of auto BTC, but the system automatically resets the setting to auto BTC.

Today I received 17000 satoshis for the 1MHs X11 mining power. I also bought this as a test so thank God I haven't invested more in the accelerated ROI scheme they advertised to tempt people to buy X11 power. I'm glad I can help the company reach an accelerated ROI. Smiley

IanFoxley
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October 26, 2015, 12:58:08 PM
 #3619

Hehe, I wanted to set the payouts to X11 coins instead of auto BTC, but the system automatically resets the setting to auto BTC.


Do you have receiving addresses for both Dash or Startcoin entered in the interface? If you do not, you need to enter some in or else you can not get payouts in those coins.


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October 26, 2015, 03:08:45 PM
 #3620


Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?

Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

What do you think?

My thoughts:

1) The X11 payouts of GM are in line with what you can expect according to other sites, e.g., nicehash. So GM payouts are in line with the market.

2) GM paid BTC 0.007066 in total for the first 26 days. So if the average stays the same, the total payout is about BTC 0.099, or about USD 28.3 by today's prices. That means a profit of 15%; and with a larger contract ($19 per MH/s) about 27% profit.

3) Calculation by today's Bitcoin prices: one MH/s diamond (the most efficient) costs $19, or BTC 0.0667.

Based on 26 days payouts: total income = BTC 0.0992   (expected profit of 49%)
Based on the 23,000 Satoshi: total income = BTC 0.084  (expected profit of 26%)

This means that the contracts would be very profitable. Of course this means that the attractiveness of X11 coins has to stay the same, but this is something everyone buying a X11 contract should know anyway.

I believe in the X11 coins (in particular the value of Dash), so I regret to not have upgraded before they stopped selling.


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