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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 385640 times)
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IanFoxley
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December 27, 2015, 05:32:01 PM
 #3901

What is the profit for ethereum mining with this contract?

Unfortunately i dont have any ETH contracts cos the wallets seem hard to set up but perhaps someone who is getting payouts per 3MHs might give an idea on payouts at the moment.

Reason i put 3MHs is that is the minimum amount you can get but I am sure if you look at ETH calculator for 3MHs the result should more or less be the same.

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Zeta0S
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December 28, 2015, 10:58:27 PM
 #3902

What is the profit for ethereum mining with this contract?

Unfortunately i dont have any ETH contracts cos the wallets seem hard to set up but perhaps someone who is getting payouts per 3MHs might give an idea on payouts at the moment.

Reason i put 3MHs is that is the minimum amount you can get but I am sure if you look at ETH calculator for 3MHs the result should more or less be the same.

The ethereum wallet sucks!  Genesis sould build there own ethereum wallet, whit integrated cloudmining mining options.

Also the auto btc op ethereum is no more.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
praprata
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December 30, 2015, 07:02:22 PM
 #3903

Time to share my experience

The only reason i joined was because i didn't take the daily maintenance fee into account properly, otherwise i would never have joined.. Why? Because if you purchase sha256 mining, nearly 45% of your daily profit at (93,448,670,796 difficulty) goes into the maintenance
So i decided to ask for a refund since they claimed to offer a 5 day moneyback guarantee...At first i got an e-mail saying that the contracts are non cancelable blah blah, however after insisting they agreed to refund me

So i should have got refunded what i invested minus what i have earned so far, however i got ripped of by about 0.03 Btc ~ 15$..

For those still wondering if they should or not invest in cloud mining, here is the stats to help you make a decision

1TH's purchased for 0.975 Btc ~ $419 at 93,448,670,796 Difficulty will generate after fees 0.0031 Btc ~ $1.33,
So even without any difficulty increase you will still need nearly 1 year to just break even... And in about 20 hours the difficulty will increase by about 12% so the same contract will only generate $1.187 instead of $1.33 in Btc profit


It's so weird that some fanboys earning cents on discount coupons are backing up Genesis Mining.
It's just a few cent, and yet they are defending them as if their life depends it.

Sad...LOL


                ,╓▄▄▄▄▄▄▄▄▄╓                 
            ╓▄█████████████████▄╖           
         ╓▄█████▀▀'▒,,,,,╠'▀▀█████▄,         
       ,▓███▀╜,▄▄███████████▄▄,╙▀████╖       
      ▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄     
     ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌     
    ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌   
   ]███▌┌███▌ ▐███         ███▄ ▐███ ▐███,   
   ▐███ ▐███ .███           ███  ███▌ ███▌   
   ▐███ ▐███ '███           ███  ███▌ ███▌   
   ]███@╙███@ ▀██▌        ,▄██▌ ▐███ ▐███`   
    ▓███ ▐███▄ ╙██▀╩     9███╜ ╔███▀,███▌   
     ████,╙███▌               ▓███╜,████     
      ▀███▄ ▀╜                 ▀▀ ▄███▌     
       ╙████▄,                 ╓▄████╜       
         ╙█████▄▄╓,       ,╓▄▄█████▀         
            ▀▀█████████████████▀▀           
                '▀▀▀▀▀▀▀▀▀▀▀'

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biggbox
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December 31, 2015, 12:59:47 PM
 #3904

Time to share my experience

The only reason i joined was because i didn't take the daily maintenance fee into account properly, otherwise i would never have joined.. Why? Because if you purchase sha256 mining, nearly 45% of your daily profit at (93,448,670,796 difficulty) goes into the maintenance
So i decided to ask for a refund since they claimed to offer a 5 day moneyback guarantee...At first i got an e-mail saying that the contracts are non cancelable blah blah, however after insisting they agreed to refund me

So i should have got refunded what i invested minus what i have earned so far, however i got ripped of by about 0.03 Btc ~ 15$..

For those still wondering if they should or not invest in cloud mining, here is the stats to help you make a decision

1TH's purchased for 0.975 Btc ~ $419 at 93,448,670,796 Difficulty will generate after fees 0.0031 Btc ~ $1.33 daily
So even without any difficulty increase you will still need nearly 1 year to just break even... And in about 20 hours the difficulty will increase by about 12% so the same contract will only generate $1.187 instead of $1.33 in Btc profit daily


It is also dependent on the time you hoped on to the cloud mining band wagon. For those who went in early when price was  200+, it wasn't that bad and everyone could project their ROI.

It's a different story now. It is better off buying BTC directly and hold them.

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
loki0505
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January 01, 2016, 12:48:19 AM
 #3905

Exactly. It all depends when u got on, and where u think btc will be in future.  U cant tell somebody it is a bad investment, what if btc goes up $600....you're mining will be worth it.  I got on when btc was $287 im happy with my 1yr contract at 1Ths
Genesis-Mining
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January 04, 2016, 09:43:45 AM
 #3906

Hi Genesis Mining Community.

Today we have noticed that there is an Android app out there now for our Website.

I want to make it clear that this app is not designed by us, endorsed by us and could be a risk if you use it.

We advise you not to download it and if you have installed it, we think for the time being that you should remove it and not use it.

If you do use it, then you use it at your own risk.

Please also let us know if you see any website or posts elsewhere regarding this app.


Many thanks

Genesis Mining

Zeta0S
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January 04, 2016, 02:51:37 PM
 #3907

Hi Genesis Mining Community.

Today we have noticed that there is an Android app out there now for our Website.

I want to make it clear that this app is not designed by us, endorsed by us and could be a risk if you use it.

We advise you not to download it and if you have installed it, we think for the time being that you should remove it and not use it.

If you do use it, then you use it at your own risk.

Please also let us know if you see any website or posts elsewhere regarding this app.


Many thanks

Genesis Mining

Hi!

Happy new year!

That`s so funny i was writing a email to you guys about the app. will not use it.

Mining my Ether :-)





Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
clgrissom3
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January 04, 2016, 02:59:18 PM
 #3908

Up to 1/3/2016...it seems like the payout formula is controlled mostly by difficulty and very little by BTC price as these charts are clearly showing.  My physical miners and the pools they point to don't seem to be bothered by difficulty nearly as much.


I proudly mine at the KanoPool, the Best Bitcoin Pool in the World!
Zeta0S
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January 04, 2016, 03:19:16 PM
 #3909

Up to 1/3/2016...it seems like the payout formula is controlled mostly by difficulty and very little by BTC price as these charts are clearly showing.  My physical miners and the pools they point to don't seem to be bothered by difficulty nearly as much.

http://i.imgur.com/8Jalj7N.jpg

I have some sha miners running in Germany, same conclusion (don't seem to be bothered by difficulty nearly as much).
However the X11  i can not come close to the Genesis Mining numbers and i even use my own pool!

How are you guys doing whit physical x11 compared to X11.



Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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January 04, 2016, 04:59:49 PM
 #3910

Up to 1/3/2016...it seems like the payout formula is controlled mostly by difficulty and very little by BTC price as these charts are clearly showing.  My physical miners and the pools they point to don't seem to be bothered by difficulty nearly as much.

Well of course because as the difficulty goes up then the payouts get less and then more fee comes out for maintenance.

When you are mining yourself you dont have those worries...you just get your BTC amount and dont have to take none away.

But im sure as time gets on and you start realising your electricity bill is getting more than what you are earning in BTC, you will have to think about stopping

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January 04, 2016, 05:28:36 PM
 #3911

Genesis Mining - I have had my allocation (X11) onto Dash for quite sometime (i'm no longer on 30day eval) and I haven't received any payouts for DASH.  i have address/wallet setup, and when I look at my orders...it shows as X11 DRK?

I have set an email few days ago. Please advise
Glucose
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January 04, 2016, 06:03:40 PM
 #3912

Up to 1/3/2016...it seems like the payout formula is controlled mostly by difficulty and very little by BTC price as these charts are clearly showing.  My physical miners and the pools they point to don't seem to be bothered by difficulty nearly as much.

Well of course because as the difficulty goes up then the payouts get less and then more fee comes out for maintenance.

When you are mining yourself you dont have those worries...you just get your BTC amount and dont have to take none away.

But im sure as time gets on and you start realising your electricity bill is getting more than what you are earning in BTC, you will have to think about stopping

That's why you can't ROI here.

I told you all a few month ago. Buy & keep but don't invest here. At best you will get the amount you paid for.

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January 04, 2016, 06:54:11 PM
 #3913

Genesis Mining - I have had my allocation (X11) onto Dash for quite sometime (i'm no longer on 30day eval) and I haven't received any payouts for DASH.  i have address/wallet setup, and when I look at my orders...it shows as X11 DRK?

I have set an email few days ago. Please advise


How mutch MHs do you have?
Can u make a screenshot?

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
loki0505
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January 04, 2016, 11:08:02 PM
 #3914

Genesis Mining - I have had my allocation (X11) onto Dash for quite sometime (i'm no longer on 30day eval) and I haven't received any payouts for DASH.  i have address/wallet setup, and when I look at my orders...it shows as X11 DRK?

I have set an email few days ago. Please advise


How mutch MHs do you have?
Can u make a screenshot?

Here is my dashboard:

loki0505
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January 04, 2016, 11:11:23 PM
 #3915

here is my last payout, which says x11 DRK:



Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30
Zeta0S
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January 04, 2016, 11:19:20 PM
 #3916

here is my last payout, which says x11 DRK:



Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30

Hmmm,  strange... for now change it to Auto BTC to prevent further loss of coins.  Did you made a ticket?
Ow just crossed my mind, You do use a wallet right? Not a disposed walled address from Crapsy or a other online trader?

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
loki0505
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January 04, 2016, 11:38:10 PM
 #3917

here is my last payout, which says x11 DRK:



Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30

Hmmm,  strange... for now change it to Auto BTC to prevent further loss of coins.  Did you made a ticket?
Ow just crossed my mind, You do use a wallet right? Not a disposed walled address from Crapsy or a other online trader?

Yes, I have changed it to Auto BTC this morning just to do like u said, not lose anymore coins/mining work.  I sent them my concerns a few days ago via the login page "contact support" form and haven't heard back....so now I emailed them directly using their support email and got a ticket going w/them.  I guess their web form doesn't work??

My Dash wallet is legit from Coinwallet.co and I have been receiving/sending fine using that wallet/address with my other deals (not genesis-mining related).
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January 05, 2016, 12:17:15 AM
 #3918

here is my last payout, which says x11 DRK:

http://oi66.tinypic.com/2dwfclf.jpg

Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30

Hmmm,  strange... for now change it to Auto BTC to prevent further loss of coins.  Did you made a ticket?
Ow just crossed my mind, You do use a wallet right? Not a disposed walled address from Crapsy or a other online trader?

Yes, I have changed it to Auto BTC this morning just to do like u said, not lose anymore coins/mining work.  I sent them my concerns a few days ago via the login page "contact support" form and haven't heard back....so now I emailed them directly using their support email and got a ticket going w/them.  I guess their web form doesn't work??

My Dash wallet is legit from Coinwallet.co and I have been receiving/sending fine using that wallet/address with my other deals (not genesis-mining related).
Ok, GM normally really has a great support team. keep us updated.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
loki0505
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January 05, 2016, 01:05:30 AM
 #3919

here is my last payout, which says x11 DRK:

http://oi66.tinypic.com/2dwfclf.jpg

Like I said, my 100% x11 allocation is set to DASH...but haven't gotten payment of anything x11 related since 12/30

Hmmm,  strange... for now change it to Auto BTC to prevent further loss of coins.  Did you made a ticket?
Ow just crossed my mind, You do use a wallet right? Not a disposed walled address from Crapsy or a other online trader?

Yes, I have changed it to Auto BTC this morning just to do like u said, not lose anymore coins/mining work.  I sent them my concerns a few days ago via the login page "contact support" form and haven't heard back....so now I emailed them directly using their support email and got a ticket going w/them.  I guess their web form doesn't work??

My Dash wallet is legit from Coinwallet.co and I have been receiving/sending fine using that wallet/address with my other deals (not genesis-mining related).
Ok, GM normally really has a great support team. keep us updated.

Yep. Will do.  Ticket submitted and ball is on their court. 
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January 05, 2016, 02:10:24 AM
 #3920

Genesis Mining - I have had my allocation (X11) onto Dash for quite sometime (i'm no longer on 30day eval) and I haven't received any payouts for DASH.  i have address/wallet setup, and when I look at my orders...it shows as X11 DRK?

I have set an email few days ago. Please advise


How mutch MHs do you have?
Can u make a screenshot?

Here is my dashboard:



holy crap your insane. you do realize that in 7 months or less your gonna be broke right? and none of those contracts will pay? holy crap cant believe someone actually went full foder with these guys (beside ianfoxley)
anyways have fun losing your money, make sure to get them to explain how they got you when you complain in 3 months you will never see roi! hahahha omg here we go again wheres my popcorn...
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