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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 382031 times)
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Wintermute
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December 17, 2015, 02:53:39 PM
 #3861


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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biggbox
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December 17, 2015, 03:10:19 PM
 #3862


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?

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lama-hunter
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December 17, 2015, 05:50:25 PM
 #3863

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
loki0505
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December 17, 2015, 10:09:29 PM
 #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.
Zeta0S
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December 18, 2015, 01:08:12 AM
 #3865

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
 #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

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loki0505
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December 18, 2015, 04:02:32 AM
 #3867

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

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December 18, 2015, 07:40:15 AM
 #3868

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
biggbox
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December 18, 2015, 02:35:59 PM
 #3869

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
 #3870

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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galdur
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December 18, 2015, 04:15:20 PM
 #3871

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
 #3872

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
 #3873

my bad, i see you put 4hrs...DOH!
galdur
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December 18, 2015, 05:15:41 PM
 #3874

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
 #3875

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
 #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.


Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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December 18, 2015, 06:42:55 PM
 #3877


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.

IanFoxley
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December 18, 2015, 06:43:38 PM
 #3878

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
 #3879

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
 #3880

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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