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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381745 times)
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taino
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October 26, 2015, 12:47:56 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

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IanFoxley
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October 26, 2015, 12:58:08 PM
 #3622

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.


Wintermute
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October 26, 2015, 03:08:45 PM
 #3623


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.


Wintermute
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October 26, 2015, 03:13:09 PM
 #3624

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
 #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

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October 26, 2015, 03:36:08 PM
 #3626

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
 #3627

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.

Zeta0S
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October 27, 2015, 07:51:15 AM
 #3628

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
 #3629

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
 #3630

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.


Zeta0S
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October 27, 2015, 09:27:39 AM
 #3631

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
 #3632

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

Zeta0S
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October 27, 2015, 08:20:26 PM
 #3633

“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
 #3634

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
 #3635


Haha! What a great idea! 

Does Western Union like the campaign?    Grin
Zeta0S
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October 28, 2015, 08:09:56 AM
 #3636


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
 #3637

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!


clgrissom3
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Carl, aka Sonny :)


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October 29, 2015, 02:46:36 AM
 #3638

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


Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
Glucose
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October 30, 2015, 07:10:47 AM
 #3639

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.


Zeta0S
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October 30, 2015, 07:19:46 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

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