Genesis-mining.com || World's leading hashpower provider!

[IanFoxley]

Can you please elaborate the fact with reference to the context given in this thread?

Code:

genesis-mining.com    1+2+7              => 3/7 = Probably legit.

I think you should look upon these points in order to attain full legitimacy! It's true that you dint provide a public mining address, nor gave you clients access to the user selective pool.

Apart from x11 mining, I would like to know the ASIC vendor you're keeping in touch in order to mine SHA-256 coins?

Also you must launch a policy where your clients can terminate a contract anytime, based on their own interests. Hashnest is probably doing that.

These are the points you need to rectify so that your clients don't frown upon you later!

The post you mention by puppet has not even been updated by him for ages and so it is not even up to date anymore.

Just reading some of your posts and I do wonder why you did not even spend a few minutes in google doing research or even just look through the post here as all the things you ask about have already been answered in this thread in one way or another.

It's true that you dint provide a public mining address, 

Just look through older posts here....All posts about mining addresses have been answered already in the past. There is a reason why GM will not do this and so whether people like that or not, you just have to respect it and if you do not like that, then do not buy a contract with GM. It is quite simple, like in real life, if you like a PC buy a PC, if you like Apple, buy an Apple.

nor gave you clients access to the user selective pool.

Not sure what the issue is about GM not allowing users to select other pool. I have had contracts with other cloud mining providers, I have not even had one account anywhere where you could select your own mining pool. Even hashnet do not allow users to select another pool. GAW miners pretended to let users select different pools but all they were doing was to just take the daily payout info from the actual mining pools and pay those users that amount of Bitcoin per day.

Apart from x11 mining, I would like to know the ASIC vendor you're keeping in touch in order to mine SHA-256 coins?

Do you do any research at all? GM and Spondoolies partnered together to do cloud mining contracts  and in the videos that GM post on their websites you see pallets full of Spondoolies miners being unboxed, and on the GM website, even the CEO of Spondoolies has posted about GM. 
Here for example, about GM and Spondoolies http://www.coindesk.com/spondoolies-tech-genesis-team-new-cloud-mining-service/


Also you must launch a policy where your clients can terminate a contract anytime, based on their own interests. Hashnest is probably doing that.
Actually no, you cant cancel a contract with Hashnest and Hashnest give you 10 days of zero payouts before contracts are terminated where as GM gives users 20 days.

Hashnest do allow you to buy and sell hashpower but they are then not following financial regulations in letting users do that. GM do follow regulations and do not want to get into trouble so this is why they do not allow a marketplace, again already mentioned in this very long thread so take the time to go and find that info.

Again why not just buy a contract with Hashnest. You have a choice...nobody is forcing you to purchase a GM contract so GM do not have to do anything that you want them to do, if you are not happy just go somewhere else...it is very simple.

[1714305415]

1714305415

[1714305415]

1714305415

[1714305415]

1714305415

[Wintermute]

No body reached ROI with anything they offer. How could you love it ?

Actually I made ROI with them, the 10GH/s contract I purchased in September last year and featured in my videos made ROI in May 2015.

So if anyone else purchased SHA 256 at the same time last year then they would have done also. Infact those who purchased larger amounts would have paid less per GH/s than I would have done so could have made ROI even before May. Of course if they purchased more contracts later on, in October, November or December then of course things get more of a problem.

So it was possible to get ROI and my contract was proof of that.

Of course you will not believe me but that really is up to you.

Thanks for the information!

[IanFoxley]

No body reached ROI with anything they offer. How could you love it ?

Actually I made ROI with them, the 10GH/s contract I purchased in September last year and featured in my videos made ROI in May 2015.

So if anyone else purchased SHA 256 at the same time last year then they would have done also. Infact those who purchased larger amounts would have paid less per GH/s than I would have done so could have made ROI even before May. Of course if they purchased more contracts later on, in October, November or December then of course things get more of a problem.

So it was possible to get ROI and my contract was proof of that.

Of course you will not believe me but that really is up to you.

Thanks for the information!

So I am not saying that everyone with old contract did make ROI, just that those that purchased contracts in September 2014 and only September 2014 might have done.
October 2014 also I think there was a possibility...

I think those that purchased in November and December certainly would not have done.

But if you were someone that purchased multiple times then of course getting ROI was even harder, but as myself and others have already written, GM followed their 20 day no payout ruling exactly as the contract and it is not really GMs fault that the price of BTC then rose a week or two later after the 20 days was finished. Who could have predicted that?

People do say that when dealing with Crypto it is risky and can be like gambling so you have to be aware of that.

[WWC-DEV]

Estimated Next Difficulty: 72,025,533,033 (+9.38%) ==> I told you. And it will be worse and worse.

How long will it take to make an ROI with the next difficulty?

[Styrupp]

Just bought 150 Gh/s lifetime (sha256), hope for ROI but i just mostly do this for fun instead of buying fallout 4.
dont care if it take 1-3 years .
why is it better to buy:
X11 1 Mh/s for 24 USD 1 year, then sha256 50 Gh/s for 22,49 USD Lifetime?
sha256 still higher hash-rate?

 
Sincerely
Styrupp

get discount of 3% on all Hashpower packages use - fueRBs

[Fahlcor]

Just bought 150 Gh/s lifetime (sha256), hope for ROI but i just mostly do this for fun instead of buying fallout 4.
dont care if it take 1-3 years .
why is it better to buy:
X11 1 Mh/s for 24 USD 1 year, then sha256 50 Gh/s for 22,49 USD Lifetime?
sha256 still higher hash-rate?

 
Sincerely
Styrupp

get discount of 3% on all Hashpower packages use - fueRBs

I did the same.  Can someone post a link to how maintenance works.  I'm looking at the numbers that my hash is making and wondering why they are so low but I have not been able to find the cost to run the hash to calc it all out.

Seems low at this time but I'm likely just not doing all the math.

Thanks in advance.

Fahlcor

[Fahlcor]

Estimated Next Difficulty: 72,025,533,033 (+9.38%) ==> I told you. And it will be worse and worse.

How long will it take to make an ROI with the next difficulty?

ahah. I love when someone is quoting my deleted post. Looks like GM doesn't want to talk about the difficulty rising. Wonder why they do it before you buy anthing from them.

Just bought 150 Gh/s lifetime (sha256), hope for ROI but i just mostly do this for fun instead of buying fallout 4.
dont care if it take 1-3 years .
why is it better to buy:
X11 1 Mh/s for 24 USD 1 year, then sha256 50 Gh/s for 22,49 USD Lifetime?
sha256 still higher hash-rate?

 
Sincerely
Styrupp

get discount of 3% on all Hashpower packages use - fueRBs

I did the same.  Can someone post a link to how maintenance works.  I'm looking at the numbers that my hash is making and wondering why they are so low but I have not been able to find the cost to run the hash to calc it all out.

Seems low at this time but I'm likely just not doing all the math.

Thanks in advance.


Fahlcor

Your payouts are low because GM is taking high fees and making money with the miners you paid for.

You can do some math here : http://www.coinwarz.com/calculators/bitcoin-mining-calculator

In my opinion you can say goodbye to your money. With difficulty rising (next difficulty +8-9%) and halving next year you will never ROI.

https://bitcoinwisdom.com/bitcoin/calculator

I use this as at least it helps account for the difficulty increases.  I calc at 10% and 5% which is a little bit more likely an average based on the last year (1.96% actual).  I look at it 2 ways.  If I want my BTC back then it could take a little while.  but don't forget these SHA purchases are FOREVER.  and if the difficulty drops (which it could once the warm season come back) then we could make some real BTC.  I also run my miners on free hydro and I have been putting the BTC back into GM to hopefully get a snowball going.  I have no plans to purchase any more physical hardware but this is an alternative.

I think the real problem is that people now have tons of high capacity miners and some even turned them off due to the low price of BTC and cost to run them.  I think people are waking up those machines again as the price of BTC increases.

Back to my question though.  How do I figure out the maint cost on my purchases.  Yes if GM can do it cheaper then great

Thanks

[TSE]

i have a 1TH/s contract with them. According to bitcoinwisdom this hash power sud bring 0.007637 BTC/Day. Payment is just smth around 0.004/Day

[HardForkComing]

Is it profitable to invest in this?
Let's say I invest 1 btc. How much would I get back per month approx?

[TSE]

Is it profitable to invest in this?
Let's say I invest 1 btc. How much would I get back per month approx?

the answer is just one post above....

[Glucose]

Is it profitable to invest in this?
Let's say I invest 1 btc. How much would I get back per month approx?

My advice ? Buy one BTC and keep it in your wallet but don't invest here. GM takes too much fee to be profitable.

How do I figure out the maint cost on my purchases.  Yes if GM can do it cheaper then great

You contract is forever UNLESS your payout doesn't cover the fees anymore. Then GM will cancel your contract.

Feel free to believe me or not but I think it will happen before you ROI.

The fees (the maintenance cost) are written in your contract. You can check it directly in your account on GM website.

[anthonycamp]

hey guys its not a ponzi you can get rich by having and investing btc (directed to naif guys)
sure its not porfitable for good sakes 9 out of 10 its not

[marko11]

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

[Zeta0S]

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

[marko11]

can you be more clear ? I am new in this

[marko11]

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?

[Zeta0S]

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?

Seems correct  But we do not know if the diff will be in day 6 months.

[marko11]

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?

Seems correct  But we do not know if the diff will be in day 6 months.

yes I know that this depends on btc price and about mining dificulty ... I not understans dificulty ... do you know average how much will be my daily earnings in 6 month or one year ?

[Zeta0S]

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?

Seems correct   But we do not know if the diff will be in day 6 months.

yes I know that this depends on btc price and about mining dificulty ... I not understans dificulty ... do you know average how much will be my daily earnings in 6 month or one year ?

I can help you whit that

Difficulty History
Date    Difficulty    Change    Hash Rate
Nov 11 2015    65,848,255,180    5.77%    471,360,171 GH/s
Oct 29 2015    62,253,982,450    2.25%    445,631,364 GH/s
Oct 15 2015    60,883,825,480    0.12%    435,823,399 GH/s
Oct 01 2015    60,813,224,039    2.49%    435,318,014 GH/s
Sep 17 2015    59,335,351,234    4.17%    424,738,988 GH/s
Sep 04 2015    56,957,648,455    4.98%    407,718,729 GH/s
Aug 22 2015    54,256,630,328    2.95%    388,384,088 GH/s
Aug 08 2015    52,699,842,409    0.81%    377,240,166 GH/s
Jul 25 2015    52,278,304,846    2.35%    374,222,683 GH/s
Jul 11 2015    51,076,366,303    3.39%    365,618,871 GH/s
Jun 28 2015    49,402,014,931    -0.58%    353,633,397 GH/s
Jun 14 2015    49,692,386,355    4.42%    355,711,957 GH/s
May 31 2015    47,589,591,154    -12.50%    340,659,563 GH/s
May 17 2015    48,807,487,245    2.44%    349,377,603 GH/s
May 03 2015    47,643,398,018    0.07%    341,044,727 GH/s
Apr 19 2015    47,610,564,513    -3.71%    340,809,696 GH/s
Apr 05 2015    49,446,390,688    5.84%    353,951,052 GH/s
Mar 22 2015    46,717,549,645    -1.50%    334,417,246 GH/s
Mar 08 2015    47,427,554,951    1.59%    339,499,662 GH/s
Feb 22 2015    46,684,376,317    5.01%    334,179,783 GH/s
Feb 09 2015    44,455,415,962    7.71%    318,224,263 GH/s
Jan 27 2015    41,272,873,895    -6.14%    295,442,739 GH/s
Jan 12 2015    43,971,662,056    8.20%    314,761,417 GH/s
Dec 30 2014    40,640,955,017    3.00%    290,919,288 GH/s
Dec 17 2014    39,457,671,307    -1.37%    282,449,013 GH/s
Dec 02 2014    40,007,470,271    -0.73%    286,384,627 GH/s

[marko11]

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?

Seems correct   But we do not know if the diff will be in day 6 months.

yes I know that this depends on btc price and about mining dificulty ... I not understans dificulty ... do you know average how much will be my daily earnings in 6 month or one year ?

I can help you whit that

Difficulty History
Date    Difficulty    Change    Hash Rate
Nov 11 2015    65,848,255,180    5.77%    471,360,171 GH/s
Oct 29 2015    62,253,982,450    2.25%    445,631,364 GH/s
Oct 15 2015    60,883,825,480    0.12%    435,823,399 GH/s
Oct 01 2015    60,813,224,039    2.49%    435,318,014 GH/s
Sep 17 2015    59,335,351,234    4.17%    424,738,988 GH/s
Sep 04 2015    56,957,648,455    4.98%    407,718,729 GH/s
Aug 22 2015    54,256,630,328    2.95%    388,384,088 GH/s
Aug 08 2015    52,699,842,409    0.81%    377,240,166 GH/s
Jul 25 2015    52,278,304,846    2.35%    374,222,683 GH/s
Jul 11 2015    51,076,366,303    3.39%    365,618,871 GH/s
Jun 28 2015    49,402,014,931    -0.58%    353,633,397 GH/s
Jun 14 2015    49,692,386,355    4.42%    355,711,957 GH/s
May 31 2015    47,589,591,154    -12.50%    340,659,563 GH/s
May 17 2015    48,807,487,245    2.44%    349,377,603 GH/s
May 03 2015    47,643,398,018    0.07%    341,044,727 GH/s
Apr 19 2015    47,610,564,513    -3.71%    340,809,696 GH/s
Apr 05 2015    49,446,390,688    5.84%    353,951,052 GH/s
Mar 22 2015    46,717,549,645    -1.50%    334,417,246 GH/s
Mar 08 2015    47,427,554,951    1.59%    339,499,662 GH/s
Feb 22 2015    46,684,376,317    5.01%    334,179,783 GH/s
Feb 09 2015    44,455,415,962    7.71%    318,224,263 GH/s
Jan 27 2015    41,272,873,895    -6.14%    295,442,739 GH/s
Jan 12 2015    43,971,662,056    8.20%    314,761,417 GH/s
Dec 30 2014    40,640,955,017    3.00%    290,919,288 GH/s
Dec 17 2014    39,457,671,307    -1.37%    282,449,013 GH/s
Dec 02 2014    40,007,470,271    -0.73%    286,384,627 GH/s

so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?