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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381738 times)
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galdur
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December 19, 2015, 04:01:05 AM
 #3881

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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lama-hunter
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December 19, 2015, 04:17:26 AM
 #3882

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
 #3883

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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December 19, 2015, 12:57:06 PM
 #3884

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.




I think it could also be because all this hashpower that is being added geting more found blocks than Antpool and the other pools, so payouts on other pools will suffer so that could be way why payouts are going down.

Bitfury adding all this hashpower on whichever pool they are using means that they are getting more share of blocks than before so other pools are getting less.

If i look at my hashnest payouts, they have taken a nosedive recently as well because they are getting less blocks than before


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December 19, 2015, 01:01:27 PM
 #3885

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.



Depends on which maintenance fee too.

Graph will vary depending.

Latest contracts have 0.99 USD per THs where as the poster with the graphs has a 1.50 USD per THs fee I believe.

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December 19, 2015, 01:08:00 PM
 #3886

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.



So, after the diff increase of 18% is the payout going to drop by 30-40% now? Bitcoin is on the rise as it has been lately. It´s difficult to understand how the gap is so wide.

Estimated Next Difficulty:   108,481,324,148 (+16.09%)
Adjust time:   After 1911 Blocks, About 13.1 days

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December 19, 2015, 01:22:27 PM
 #3887

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.



So, after the diff increase of 18% is the payout going to drop by 30-40% now? Bitcoin is on the rise as it has been lately. It´s difficult to understand how the gap is so wide.

Estimated Next Difficulty:   108,481,324,148 (+16.09%)
Adjust time:   After 1911 Blocks, About 13.1 days

Use Bitcoin Wisdom..its easy!

Look at their projected next difficulty rise.
Enter it into the calculator at the top right. Remove the commas from the number as it doesnt like the commas.

Then enter 1THs into the box. If you have 1.50 USD per THs contract then subtract 1.50 USD from the calculated amount given.

Take the calculated amount left over and enter that in the USD box. Look at the BTC amount left and that will be roughly what you could get at the next difficulty rise if BTC price stays the same per 1THs.

If you have 0.0012 USD contract, subract 1.20 USD instead or if you have newest 0.00099 USD per THs contract, subtract 0.99 USD instead.

It is so simple to do... Use the features ....

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December 19, 2015, 01:30:02 PM
 #3888


Estimated Next Difficulty:   108,481,324,148 (+16.09%)
Adjust time:   After 1911 Blocks, About 13.1 days

I think the next rise will not be so high this time.

Currently hashrate at the time of writing this is 643,082,196 GH/s

and yet at the change it was 668,931,642 GH/s

So the hashrate now is lower. Of course this changes all the time but would be suprised if it was a big jump like last time.

But will see

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December 19, 2015, 01:43:11 PM
 #3889

It´s too early to tell, but that green line seems to be in a pretty solid trend upwards. Bitmain is shipping and their batch #8 will start going out Dec. 28.


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December 19, 2015, 02:13:46 PM
 #3890

It´s too early to tell, but that green line seems to be in a pretty solid trend upwards. Bitmain is shipping and their batch #8 will start going out Dec. 28.



Ohh booy - that difficulty hearts my hearth Cheesy

reagrds
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December 19, 2015, 02:33:39 PM
 #3891

This is another view of how difficulty has been developing lately. The blue line in the upper right corner is starting to drop from the new adjustment to 600 sec average block time. How far it drops until Jan 1 or 2, when the next adjustment takes place, remains to be seen.




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December 20, 2015, 01:40:47 AM
 #3892

Coupon code for 4% dicount on every order at Genesis Mining: vF8WAT
Only 2.5%

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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December 20, 2015, 09:02:30 AM
 #3893

you guys already get your Payout?
Would be great to know Smiley

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lama-hunter
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December 20, 2015, 10:17:14 AM
 #3894

Can somebody answer my question. I am particullary interested in whether when in July 2016 the reward from mining will fall by half, also the incomes will be halved or whether this fall will be compensated by increasing amount of transaction rewards? I also assume that at that time also difficulty of mining will decrease.
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December 20, 2015, 10:23:28 AM
 #3895

Can somebody answer my question. I am particullary interested in whether when in July 2016 the reward from mining will fall by half, also the incomes will be halved or whether this fall will be compensated by increasing amount of transaction rewards? I also assume that at that time also difficulty of mining will decrease.

Who knows!!

For me it is a case of see what happens when it happens, but alot of old miners, S3s S4s etc might switch off at this point if they have not done already.
But if BTC price is double what it is now for example then who knows.

Thats just my take on it anyway and I am sure others have their own thoughts.

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December 21, 2015, 12:10:25 AM
 #3896

Up to 12/19/15...ouch!  This contract could be in trouble real soon if BTC drops a little more.


Try Kano CKPool - Tip Addy: 1EAbq69WSa1mNKkoWraEyUfqZkcjDcCzYm
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December 21, 2015, 02:13:29 AM
 #3897

Up to 12/19/15...ouch!  This contract could be in trouble real soon if BTC drops a little more.


For a contract of 0.0015 USD per GHs, BTC price would have to fall to around 280 USD before problems at current difficulty.

lama-hunter
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December 21, 2015, 08:29:30 AM
 #3898

Up to 12/19/15...ouch!  This contract could be in trouble real soon if BTC drops a little more.



yeah the difficuolty seems stedy addy rising and the payouts are getting worser  and worser at Genesis Mining :/ I dont know why, but normally they said they could hold the btc price for this contracft under 200$ and uz can still earn with this contract.

So far i think - there will be no ROI at all maybe :/

regards
lama-hunter
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December 21, 2015, 09:13:10 AM
 #3899

I dont know why, but normally they said they could hold the btc price for this contracft under 200$ and uz can still earn with this contract.



They have said that at the past but I think that is more to do with whatever difficulty level Bitcoin is at the time they write that rather than a promise that no matter what the difficulty level is at the future.

The last few difficulty rises have been huge compared to the last 6 months for example.

Just for reference.

At current difficulty, contracts on 0.0012 USD per GHs or 1.20 USD per THs, Bitcoin price would have to be at around 223 USD before zero payouts.

Contracts on 0.00099 USD per GHs or 0.99 USD per THs, Bitcoin price would have to be at around 185 USD before zero payouts.

galdur
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December 21, 2015, 01:49:51 PM
 #3900

I dont know why, but normally they said they could hold the btc price for this contracft under 200$ and uz can still earn with this contract.



They have said that at the past but I think that is more to do with whatever difficulty level Bitcoin is at the time they write that rather than a promise that no matter what the difficulty level is at the future.

The last few difficulty rises have been huge compared to the last 6 months for example.

Just for reference.

At current difficulty, contracts on 0.0012 USD per GHs or 1.20 USD per THs, Bitcoin price would have to be at around 223 USD before zero payouts.

Contracts on 0.00099 USD per GHs or 0.99 USD per THs, Bitcoin price would have to be at around 185 USD before zero payouts.

Well, on the way down to that level it would have a ROI of 3-4 years at $350 and current difficulty so it would be worthless for all practical purposes before it would be so in actual practice.

Difficulty is up by a whopping 50% over the last seven weeks, that´s how fast it can balloon. And there´s lots in the pipes.

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