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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 385430 times)
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Wintermute
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October 26, 2015, 03:13:09 PM
 #3621

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


See my points above. Payouts are in line with what you can expect. It is hardly GM's fault if X11 is doing a bit weaker at the moment. Let's see how this plays out in the long run.
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October 26, 2015, 03:21:53 PM
 #3622

Also just want to add what Wintermule has posted and that is that alot of customers would have got a 5% discount on their X11 contracts so infact purchasing 100 MH/s or more was eqv of 18 USD per MH/s

Genesis-Mining
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October 26, 2015, 03:36:08 PM
 #3623

We are excited to announce that our next live webinar will take place today, in a few hours (check out local times at the bottom of the post or click on the event).

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

Click here if you want to join us: https://plus.google.com/u/0/events/c6dd24808la1ebfciavd24c3i28

If you would like to get some questions answered, please email us to live@Genesis-Mining.com or tweet @GenesisMining on twitter.

Look forward to seeing you there!

Marco Streng

Local times:
• 3 pm EST (Eastern Standard Time, US), 26. Oct
• 4 pm BST (Brasília Time), 26. Oct
• 8 pm CET (Central European Time), 26. Oct
• 3 am CTZ (China Time Zone), 27. Oct

Genesis-Mining
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October 26, 2015, 06:58:10 PM
 #3624

The 5th webinar has now finished.

If you have not seen it, you can watch a recording of it here.
https://youtu.be/RgmGDcDeFc4?t=10m30s

Thanks for your interest

Genesis Mining.

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October 27, 2015, 07:51:15 AM
 #3625

Also just want to add what Wintermule has posted and that is that alot of customers would have got a 5% discount on their X11 contracts so infact purchasing 100 MH/s or more was eqv of 18 USD per MH/s

Yeah, 5% because they are old customers and had contracts that already have been cancelled and haven't ROI anything (I'm the living prove of this)

I won't fall for this again for sure.

Stay far away from GM. They are only mining for themselves.

I see it this way. The rull is I will mine one way or a other.

One of my GM accounts has 6.3 TH/s and 2.0 MH/s
If i want to have the same mining power i need to buy hardware right? Expensive hardware,..and i have to pay 23.5Euro cent for 1 Kilowatt / hour.
This will mine negative, i will lose after buying hardware maybe 10~12 euro`s a day on power bills.

Whit GM, i get my cloudmining $cost, and after that i got income thats  eating the startup cost.

So GM is absolutely the best option for me. 





Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
biggbox
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October 27, 2015, 08:41:21 AM
 #3626

The 5th webinar has now finished.

If you have not seen it, you can watch a recording of it here.
https://youtu.be/RgmGDcDeFc4?t=10m30s

Thanks for your interest

Genesis Mining.

Any discount codes this round? Smiley I recall there was one the last round. Smiley

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
Genesis-Mining
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October 27, 2015, 08:52:41 AM
 #3627

Any discount codes this round? Smiley I recall there was one the last round. Smiley

No not this time, we had an 8% code for a few days to celebrate the live streaming website we had put up.

To be honest there are plenty of codes around and users can use those for the time being. Share codes with your friends etc.

Just be wary of codes that offer large discounts as normally that is not the case, for example 8% or 10% codes, unless the code is from us that is. The most we have ever done is 8% and that code lasted just a few days.


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October 27, 2015, 09:27:39 AM
 #3628

Any discount codes this round? Smiley I recall there was one the last round. Smiley

No not this time, we had an 8% code for a few days to celebrate the live streaming website we had put up.

To be honest there are plenty of codes around and users can use those for the time being. Share codes with your friends etc.

Just be wary of codes that offer large discounts as normally that is not the case, for example 8% or 10% codes, unless the code is from us that is. The most we have ever done is 8% and that code lasted just a few days.

So true. I have seen people claiming 8, to 12% discount. In real world they give only 2.5%  Undecided
If you need a valid voucher, there is one 3%er in my spoiler.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Genesis-Mining
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October 27, 2015, 06:22:07 PM
 #3629

Hi Genesis Mining Community.

Today we started the US-wide campaign ‪#‎ExploreBitcoin‬, to increase awareness about Bitcoin! You can find billboards, taxis ads and spinner signs across Southern Florida, San Francisco, LA, DC, Chicago and Boston.

Part 1: Proving that experts do not always get it right!
Some more 'expert' opinions are in the blog post:

http://blog.genesis-mining.com/10-experts-that-got-it-wrong

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October 27, 2015, 08:20:26 PM
 #3630

“When you tear out a man's tongue, you are not proving him a liar, you're only telling the world that you fear what he might say.”
― George R.R. Martin, A Clash of Kings


Also just want to add what Wintermule has posted and that is that alot of customers would have got a 5% discount on their X11 contracts so infact purchasing 100 MH/s or more was eqv of 18 USD per MH/s

Yeah, 5% because they are old customers and had contracts that already have been cancelled and haven't ROI anything (I'm the living prove of this)

I won't fall for this again for sure.

Stay far away from GM. They are only mining for themselves.

I see it this way. The rull is I will mine one way or a other.

One of my GM accounts has 6.3 TH/s and 2.0 MH/s
If i want to have the same mining power i need to buy hardware right? Expensive hardware,..and i have to pay 23.5Euro cent for 1 Kilowatt / hour.
This will mine negative, i will lose after buying hardware maybe 10~12 euro`s a day on power bills.

Whit GM, i get my cloudmining $cost, and after that i got income thats  eating the startup cost.

So GM is absolutely the best option for me.  



Or at least go to Hashnest (I've ROI with all my contracts there...).

Did you not posed in the hashie topic that you had invested in that and LTCGear?  Wink

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Genesis-Mining
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October 27, 2015, 10:13:41 PM
 #3631

Hi Genesis Mining community.

More on our Explore Bitcoin campaign

http://blog.genesis-mining.com/genesis-mining-announces-nationwide-bitcoin-awareness-campaign-explorebitcoin

Wintermute
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October 28, 2015, 12:20:15 AM
 #3632


Haha! What a great idea! 

Does Western Union like the campaign?    Grin
Zeta0S
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October 28, 2015, 08:09:56 AM
 #3633


We needed this, stick your neck Well done!
Hope you will do this in Amsterdam to!

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Genesis-Mining
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October 28, 2015, 10:50:56 AM
 #3634

Hi everyone.

Cointelegraph article about our new Bitcoin Awareness Campaign.

http://cointelegraph.com/news/115491/bitcoin-awareness-campaign-launches-across-major-us-cities?ref=45

Happy Mining!


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October 29, 2015, 02:46:36 AM
 #3635

Up to 10/19/2015...next difficulty of ~3% hits in a couple of hours.  It will be interesting.


I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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October 30, 2015, 07:10:47 AM
 #3636

Message to Genesis mining :

To be fair with your customers you have to re-activate the contracts you cancelled last month.

BTC price has increased of 42% at the time of speaking. You can't say the fees are covering the profit anymore.

Try to show us you care about your customers and are not mining only for yourself.


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October 30, 2015, 07:19:46 AM
 #3637

Message to Genesis mining :

To be fair with your customers you have to re-activate the contracts you cancelled last month.

BTC price has increased of 42% at the time of speaking. You can't say the fees are covering the profit anymore.

Try to show us you care about your customers and are not mining only for yourself.


That would be nice

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Wintermute
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October 30, 2015, 10:14:11 AM
 #3638

Message to Genesis mining :

To be fair with your customers you have to re-activate the contracts you cancelled last month.

BTC price has increased of 42% at the time of speaking. You can't say the fees are covering the profit anymore.

Try to show us you care about your customers and are not mining only for yourself.


That would be nice

Of course it would be "nice" from a client's perspective. On the other hand expecting them to leave the space unused for such an amount of time is not efficient either. As far as I remember they already mentioned somewhere that they are removing old miners and replacing them by new ones.

While I understand the point, you should expect that mining companies work very efficiently. Just leaving outdated stuff installed (in case it could come back) causes a lot of opportunity cost. So I would not have a lot of hope in this case.
Genesis-Mining
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October 30, 2015, 10:14:45 AM
 #3639

A short update on the current situation:

Due to recent price increases we are experiencing very high volume and demand. Also we hear a lot the question whether we are increasing the prices now as other services do.

To clarify the situation: Although we cannot promise how long we will be able to keep the sales open and match the demand, we will promise you that we are not increasing the prices now and that you can continue to purchase for same prices as before.

You can be sure that we are doing everything we can to expand our capacities as fast as possible.

Thank you for mining with us!

Marco Streng

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October 30, 2015, 10:25:16 AM
 #3640

Message to Genesis mining :

To be fair with your customers you have to re-activate the contracts you cancelled last month.

BTC price has increased of 42% at the time of speaking. You can't say the fees are covering the profit anymore.

Try to show us you care about your customers and are not mining only for yourself.


That would be nice

Of course it would be "nice" from a client's perspective. On the other hand expecting them to leave the space unused for such an amount of time is not efficient either. As far as I remember they already mentioned somewhere that they are removing old miners and replacing them by new ones.

While I understand the point, you should expect that mining companies work very efficiently. Just leaving outdated stuff installed (in case it could come back) causes a lot of opportunity cost. So I would not have a lot of hope in this case.


Plus, the costs, during the 20 days for example with maintenance fees that GM were paying for.

Glucose, take your account for example, you say you had 3TH/s, so thats 6 USD a day and over 20 days  that is 120 USD or more in total that you were not having to pay them for fees. They covered that out of their own pockets so to speak. When payouts were most likely negative as well, they were also paying that from their own pockets.

But yeh I agree with you it sucks...But like I have wrote before, it's not GMs fault that BTC price rose 10 days or so after contracts were terminated which would have been what, 30 days of no payouts...Who would have predicted that the price would go up like it has done.

Perhaps GM have already turned off those machines and were caught out too, after all having their machines not profitable for 10 days wouldn't have been good, so perhaps they thought BTC was just going to sit there. Unfortunately I do not know what but what Wintermute says does make sort of sense.

Other companies only have a 10 day policy and even on Hashnest there are people complaining about their contracts being terminated just like here too.

Look at this post here
https://forum.bitmain.com/bbs/topics/2314





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