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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 385411 times)
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IanFoxley
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December 13, 2015, 12:38:31 PM
 #3841

Just sharing an experience:

I have a wallet address that is receiving payout on a daily basis from GM. On average it receives between 0.005-0.006 each day. After about 4 months+ with GM, I had difficulty sending funds from this address as it was rejected with error code 64: Dust. I had to empty the whole address and send the funds to another address. The txn fees was astronomical.


That error code is daft to be honest as to me a dust payout is something like 0.000001 BTC or less...Your daily payouts are over 2 USD at the moment so you can not really label them as dust.

Thing is as Bitcoin goes up in value then the blockchain really needs to start dealing with these sorts of transactions for it to be seen as a viable option of currency.

Its not going to be too good in the future if people want to buy a 4 USD cup of coffee using it and then have problems like this.

But yes all coins have the same issues, so your solution was a good one which was to move everything over to another address as that will help.

GM will not do manual withdrawals because they want as many coins offsite as possible, so this is why they do auto daily payouts.

What was the Txn fees you had to pay? You talking dollars or just cents?

Ian

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kingofbitcoin
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December 13, 2015, 04:41:47 PM
 #3842

For 100,200 and 500  USD investment what is daily payout in BTC based on a 400 USD price of BTC? Thanks.

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December 14, 2015, 06:48:42 AM
 #3843

For 100,200 and 500  USD investment what is daily payout in BTC based on a 400 USD price of BTC? Thanks.

The latest SHA256 contracts payouts for 50GH/s

Just divide by 50 so you get the average amount per 1GH/s and then multiply for an amount that is close to what you require.

For example if you want to know payout for 12.5TH/s then divide payout amount by 50 and then multiply by 12500.'

For payouts in multiples of 50 then just multiply the 50GH/s amount by whichever amount.

For example, multiply it by 20 to get the payout for 1000GH/s (1TH/s)


Last SHA 256 50 GH/s payouts for following types of contract. Latest contracts have the lowest fees so will have highest payout. These are the 0.00099 USD per GH/s contracts.

Contracts of 0.0015 USD per GH/s per day ($1.50 per 1TH/s)       0.00014363 BTC

Contracts of 0.0012 USD per GH/s per day ($1.20 per 1TH/s)      0.00017786 BTC

Contracts of 0.00099 USD per GH/s per day ($0.99 per 1TH/s)      0.00020183 BTC



IanFoxley
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December 14, 2015, 06:54:34 AM
 #3844

Anyone know why mining day 09.12.2015 is missing from the payouts table?
http://i.imgur.com/ySO0Mj4.png?1
Also, for mining day 11.12.2015, if i click on view transaction, it goes to this page?
http://i.imgur.com/ApXjIBo.png?1 (Transaction was 0cdf3d3728a53b31b6b462c6b6a105207536d43aa7d6e910f7042df60e4d8d93)

Hmm, ive never had that kind of Problem.
Maybe you should contact Craig from the Support.

regards
lama-hunter

Seems to be a problem in their website, because on coinbase, it shows that I actually received the funds from mining day 09.12.2015
The transaction hash of the payment for 09.12.2015 was 02d28a...ace9d1, right?

It has happened in the past that sometimes the information on their interface does not update and yet the payout has gone out. Probably a glitch or something. But as you got paid, nothing to worry about.

Regarding that other issue, I get that too but I think to be honest as the amount of customers increase, then theres more people to pay out each day so perhaps when a payout goes out now, it has so much info in it that payouts get are taking longer to confirm. Not really sure but since the BTC price has been rising and more people are using the Bitcoin network then this thing does seem to happen more often. The payouts do arrive in the end though but i guess you have to be more patient.

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December 14, 2015, 03:53:03 PM
 #3845

Up to 11/13/2015...the gap between BTC Price and Payout seems to be getting wider.  I'm not sure what to make of it.  One thing for sure, the next difficulty is expected to be around +18% in about 4 days and my contract could take a huge hit!


I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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December 14, 2015, 04:36:53 PM
 #3846

Up to 11/13/2015...the gap between BTC Price and Payout seems to be getting wider.  I'm not sure what to make of it.  One thing for sure, the next difficulty is expected to be around +18% in about 4 days and my contract could take a huge hit!

Well I think the payouts are being affected because if you think about it...Lots of pools that have this extra hashpower that has been added are getting an increased share of the mined blocks so that means less shares for everyone as those companies that added all this extra hashpower are getting those extra shares.

GM is probably not adding all this extra hashpower although some of it of course but I think theres another that is probably adding these new miners.

It's not Antpool for example as the amount of blocks they are finding has fallen too. So its not them either as far as I can see.

My last payouts on Antpool have fallen as well.






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December 14, 2015, 06:07:40 PM
 #3847

x11 payouts are very low, about a week now around 0,0012 BTC/GHs per day, so payback of 1 year contract at the moment (incl. black friday rebate) is far > 360 days :-(
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December 14, 2015, 06:12:22 PM
 #3848

What pool is GM mining on, does anybody knows this?

Thanks!
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December 14, 2015, 06:14:55 PM
 #3849

What pool is GM mining on, does anybody knows this?

Thanks!

From their FAQ found on their website.


We do not publish a list of pools we are using. Our main criteria for a good pool are: reliability, fee structure and reject rate. Going forward we will solo-mine a few coins (and pass the fee savings to our users!).

Our internal policy is: "be a good crypto citizen". This means, that we will at least use two different pools (in some cases we use up to four) for each coin. This is to preserve the decentralized nature of the crypto networks! If we become aware that a pool is getting close to 50% share, we will switch away from it and use a backup instead.

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December 14, 2015, 08:03:01 PM
 #3850


For Advertisement. PM me to discuss.
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December 14, 2015, 08:05:39 PM
 #3851

Hello BTC'ers ---  I have a genesis-mining contract that I've been using 1THs on mining BTC...what is a good percentage would you suggest to put some of that hashpower to UNO?  Thanks guys..appreciate the info on this thread
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December 14, 2015, 08:21:30 PM
 #3852

Genesis mining is good, but it's just hard to ROI with cloud mining.

But you can't call them scammers. They do pay, and it's rather a good amount. You can easily reach ROI with one of them lifetime contract. Yeah the payments are a bit low (just a bit) but they do pay. And for lifetime normally ^^

I already reached ROI with them. Never missed a single payment.

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December 16, 2015, 05:14:13 PM
 #3853

Hey miners,

2015 is almost over but we have yet some things to reveal...

We are proud to finally announce Ethereum Cloud Mining!




Due to our large scale GPU mining activities we are excited to offer significant parts of our farms for Ethereum mining in the cloud. Users can benefit from our economy of scale and our geothermal powered and optimized GPU mining rigs in Iceland. We are bullish on Ethereum and look forward to giving our customers the chance to profit from this exciting innovation and also to support the network.





“More miners on the network definitely helps to increase the network security. It’s great to see operations & organizations such as Genesis Mining take an interest in supporting Ethereum.” - Vitalik Buterin in an interview with Bitcoin Magazine.

Check our Blog Post for more information!

Thanks for the support!

Marco Streng

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December 16, 2015, 06:11:52 PM
 #3854

Payouts a little droping again but aslo ivnested anouther buntch of mh/s today for my Mining Adventure Smiley
What are your prioritys on the Mining adventure? DO you like the livelong gh/s or do youm take the mh/s?

Wpould be rgeat to know Smiley

regards
lama-hunter
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December 17, 2015, 05:22:57 AM
 #3855

Payouts a little droping again but aslo ivnested anouther buntch of mh/s today for my Mining Adventure Smiley
What are your prioritys on the Mining adventure? DO you like the livelong gh/s or do youm take the mh/s?

Wpould be rgeat to know Smiley

regards
lama-hunter
For now i really like the X11, whit there no fee. A setup will cost me 10times more whit the power-cost here in Holland.
So for now X11 (50% auto btc/50% Dash)

Also ETHEREUM Cloud Mining, just got available, The key to Hugh roi is start in the first view weeks.
So check that out (Do not forget MOON will give you discount).

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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December 17, 2015, 02:21:18 PM
 #3856

Payouts a little droping again but aslo ivnested anouther buntch of mh/s today for my Mining Adventure Smiley
What are your prioritys on the Mining adventure? DO you like the livelong gh/s or do youm take the mh/s?

Wpould be rgeat to know Smiley

regards
lama-hunter
For now i really like the X11, whit there no fee. A setup will cost me 10times more whit the power-cost here in Holland.
So for now X11 (50% auto btc/50% Dash)

Also ETHEREUM Cloud Mining, just got available, The key to Hugh roi is start in the first view weeks.
So check that out (Do not forget MOON will give you discount).


I'm getting on board Ether farming!

Edit: Hang on, the clause says "if ether is not possible anymore, will be switched to X11"

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December 17, 2015, 02:43:37 PM
 #3857

Hey miners,

2015 is almost over but we have yet some things to reveal...

We are proud to finally announce Ethereum Cloud Mining!




Due to our large scale GPU mining activities we are excited to offer significant parts of our farms for Ethereum mining in the cloud. Users can benefit from our economy of scale and our geothermal powered and optimized GPU mining rigs in Iceland. We are bullish on Ethereum and look forward to giving our customers the chance to profit from this exciting innovation and also to support the network.





“More miners on the network definitely helps to increase the network security. It’s great to see operations & organizations such as Genesis Mining take an interest in supporting Ethereum.” - Vitalik Buterin in an interview with Bitcoin Magazine.

Check our Blog Post for more information!

Thanks for the support!

Marco Streng

Great job guys! Ethereum is the IMHO the second-most important crypto-currency. And if Bitcoin devs do not get the block size sorted out Ethereum evertually will become the most important one.

Wintermute
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December 17, 2015, 02:53:39 PM
 #3858


I'm getting on board Ether farming!

Edit: Hang on, the clause says "if ether is not possible anymore, will be switched to X11"

I wondered about this and asked support: Ethereum might switch to PoS and one point in time. As no one knows if and when this happens, a fallback mechanism was added, so that you continue mining something useful.

In fact, the switch would be good in term of ROI, as 1 MH/s of Ether Mining is worth only 0.25 MH/s X11 (X11 is a more complicated algorithm). However, GM converts on a 1:1 ratio, which is very positive.

TL;DR: it is a good feature
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December 17, 2015, 03:10:19 PM
 #3859


I'm getting on board Ether farming!

Edit: Hang on, the clause says "if ether is not possible anymore, will be switched to X11"

I wondered about this and asked support: Ethereum might switch to PoS and one point in time. As no one knows if and when this happens, a fallback mechanism was added, so that you continue mining something useful.

In fact, the switch would be good in term of ROI, as 1 MH/s of Ether Mining is worth only 0.25 MH/s X11 (X11 is a more complicated algorithm). However, GM converts on a 1:1 ratio, which is very positive.

TL;DR: it is a good feature


Any good desktop based Ether wallet to recommend? I'm confused with Ether - there is some form of pre-sales ether and they are sold at a fixed price?

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
lama-hunter
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December 17, 2015, 05:50:25 PM
 #3860

Hey miners,

2015 is almost over but we have yet some things to reveal...

We are proud to finally announce Ethereum Cloud Mining!




Due to our large scale GPU mining activities we are excited to offer significant parts of our farms for Ethereum mining in the cloud. Users can benefit from our economy of scale and our geothermal powered and optimized GPU mining rigs in Iceland. We are bullish on Ethereum and look forward to giving our customers the chance to profit from this exciting innovation and also to support the network.





“More miners on the network definitely helps to increase the network security. It’s great to see operations & organizations such as Genesis Mining take an interest in supporting Ethereum.” - Vitalik Buterin in an interview with Bitcoin Magazine.

Check our Blog Post for more information!

Thanks for the support!

Marco Streng

Great job guys! Ethereum is the IMHO the second-most important crypto-currency. And if Bitcoin devs do not get the block size sorted out Ethereum evertually will become the most important one.



Seems to be a very good Option for me and the Price of the ETH seems to be very low for so far. This could increase alot.
Iam also doing now some mh/s in this one - Would be interesting to hear from other Users about this.
Anyways what wallet are you using for this coin?

Dont forget to Use : referral removed

To get some %

regards
lama-hunter
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