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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 384355 times)
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loki0505
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December 17, 2015, 10:09:29 PM
 #3861

agree w/you all! i just purchased some mhs from genesis. as for wallet, i use ethereumwallet.com (online) until i setup my desktop wallet.
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December 18, 2015, 01:08:12 AM
 #3862

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"
I think in late 2016 the algorithm of ETHEREUM is gonna be X11 right?

Seems Vouchers MOON and MARS Will give the highest discounts :-)

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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December 18, 2015, 01:28:51 AM
 #3863

agree w/you all! i just purchased some mhs from genesis. as for wallet, i use ethereumwallet.com (online) until i setup my desktop wallet.


Please let us know what desktop ether wallet you use. So far ether don't look friendly yet. Isn't it the same when BTC was just established? haha

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
loki0505
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December 18, 2015, 04:02:32 AM
 #3864

agree w/you all! i just purchased some mhs from genesis. as for wallet, i use ethereumwallet.com (online) until i setup my desktop wallet.


Please let us know what desktop ether wallet you use. So far ether don't look friendly yet. Isn't it the same when BTC was just established? haha

I'm using http://www.etherwall.com/

- you download geth and let it sync up first
- then run the application on top

lama-hunter
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December 18, 2015, 07:40:15 AM
 #3865

agree w/you all! i just purchased some mhs from genesis. as for wallet, i use ethereumwallet.com (online) until i setup my desktop wallet.


Please let us know what desktop ether wallet you use. So far ether don't look friendly yet. Isn't it the same when BTC was just established? haha

I'm using http://www.etherwall.com/

- you download geth and let it sync up first
- then run the application on top



Thanx for your advise.- Iam also searching for a good wallet and will try this one today.

regards
lama-hunter
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December 18, 2015, 02:35:59 PM
 #3866

agree w/you all! i just purchased some mhs from genesis. as for wallet, i use ethereumwallet.com (online) until i setup my desktop wallet.


Please let us know what desktop ether wallet you use. So far ether don't look friendly yet. Isn't it the same when BTC was just established? haha

I'm using http://www.etherwall.com/

- you download geth and let it sync up first
- then run the application on top




Thanks! I will download it, get an address then log into GM to purchase Ether!

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December 18, 2015, 02:41:15 PM
 #3867

Etherum now?

Well i got a btc lifetime contract few months ago. I'm happy about your offer on a whole but I don't like the very tiny and regular income of cloud mining. I prefer investing in loans in the end I think.

good luck though, even if I don't take this train =3

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December 18, 2015, 04:15:20 PM
 #3868

Etherum now?

Well i got a btc lifetime contract few months ago. I'm happy about your offer on a whole but I don't like the very tiny and regular income of cloud mining. I prefer investing in loans in the end I think.

good luck though, even if I don't take this train =3

It´s about to get even tinier still

Estimated Next Difficulty:   93,438,818,301 (+18.12%)
Adjust time:   After 28 Blocks, About 4.0 hours

loki0505
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December 18, 2015, 04:55:06 PM
 #3869

Etherum now?

Well i got a btc lifetime contract few months ago. I'm happy about your offer on a whole but I don't like the very tiny and regular income of cloud mining. I prefer investing in loans in the end I think.

good luck though, even if I don't take this train =3

It´s about to get even tinier still

Estimated Next Difficulty:   93,438,818,301 (+18.12%)
Adjust time:   After 28 Blocks, About 4.0 hours

when is the next difficulty as in date/time? sorry i'm a newb at this
loki0505
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December 18, 2015, 04:56:26 PM
 #3870

my bad, i see you put 4hrs...DOH!
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December 18, 2015, 05:15:41 PM
 #3871

my bad, i see you put 4hrs...DOH!

After every 2016 bitcoin blocks generated, the difficulty is adjusted to keep the block generation time at 600 seconds. At present, the block time is about 510 sec. so diff is about to increase by around 18%.

What this is about is basically increasing amount of hash chasing a fixed number of blocks per day leading to higher difficulty and vice versa. It takes 12-14 days to generate 2016 blocks so "fixed" is plus or minus as reflected in the block time vs. the 600 sec. during the period.

loki0505
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December 18, 2015, 06:04:59 PM
 #3872

my bad, i see you put 4hrs...DOH!

After every 2016 bitcoin blocks generated, the difficulty is adjusted to keep the block generation time at 600 seconds. At present, the block time is about 510 sec. so diff is about to increase by around 18%.

What this is about is basically increasing amount of hash chasing a fixed number of blocks per day leading to higher difficulty and vice versa. It takes 12-14 days to generate 2016 blocks so "fixed" is plus or minus as reflected in the block time vs. the 600 sec. during the period.

great info bud...so with us doing cloud mining on genesis....how do you see this effecting the price of btc?  More difficult usually means more rare correct? you think it will be stable, or would price go up due to scarcity?
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December 18, 2015, 06:40:40 PM
 #3873

Up to 12/17/2015...the gap keeps getting wider.  In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.


I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
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December 18, 2015, 06:42:55 PM
 #3874


I think in late 2016 the algorithm of ETHEREUM is gonna be X11 right?


From what i know, Ethereum goes from a POW mining coin to POS sometime in the summer, August perhaps, so if you have a contract what will happen is that when the coin stops mining then your contract changes over to X11 for the time that is left of your contract.

All the info about this is written in the contract.

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December 18, 2015, 06:43:38 PM
 #3875

Up to 12/17/2015...the gap keeps getting wider.  In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.


Well I think we will have an idea....

lama-hunter
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December 19, 2015, 02:51:48 AM
 #3876

Up to 12/17/2015...the gap keeps getting wider.  In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.


Well I think we will have an idea....

wowowesch difficulty eats all the state must be involved or and really global player i think Cheesy
Maybe bitmain got a new chip out Cheesy

regards
lama-hunter
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December 19, 2015, 03:35:47 AM
 #3877

Damn. The steady difficulty rise will probably be faster than the price of bitcoin. And there's also the maintenance fee. I knew I should had invested into X11 instead :{

How are you X11ers doing? Enjoying your maintenance-free contract?
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December 19, 2015, 04:01:05 AM
 #3878

According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.


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December 19, 2015, 04:17:26 AM
 #3879

Damn. The steady difficulty rise will probably be faster than the price of bitcoin. And there's also the maintenance fee. I knew I should had invested into X11 instead :{

How are you X11ers doing? Enjoying your maintenance-free contract?

its not really what you excpected Grin maybe the new ether will bring you faster roi Wink

regards
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December 19, 2015, 12:51:31 PM
 #3880

According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.

The numbers are correct, I am checking all payouts from time to time. The reason is that there are two terms that define the payout:  payout = income - cost

It can be (up to some constants) be described as:

payout = h / D - m / p

h = own hashrate
D = difficulty
m = maintenance fee
p = price


Then it becomes very clear that p and D are in different terms in the equation and there is no reason why there should be a proportional relation between the two (as you implied). As I said, I am checking the payouts on a regular basis, and they are basically correct.

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