Genesis-mining.com || World's leading hashpower provider!

[tokingtoking]

about 36% drop for today PO. argh...

aye, was thinking the same.   it's evident my contracts will be null soon, thank god they were super small.
strangely i am more at peace as they end, kinda happy to be away from this company i guess

i think so, like movie, torture is more painful than death...
lets hope the movie has happy ending like "missing in action" or "rambo"

[1714309311]

1714309311

[1714309311]

1714309311

[1714309311]

1714309311

[1714309311]

1714309311

[1714309311]

1714309311

[1714309311]

1714309311

[biggbox]

Same here. The payout is drastic today. I can only look forward for my contract to be nullified. I got into these willingly. Can't blame anyone. I wonder what will the supporters say since their contracts are creeping towards nullification too.  

[IanFoxley]

Same here. The payout is drastic today. I can only look forward for my contract to be nullified. I got into these willingly. Can't blame anyone. I wonder what will the supporters say since their contracts are creeping towards nullification too.  

Oh well if you mean me as an example...Well I knew the risks of crypto when i signed up so what will be will be.

My S3 contracts on Hashnet aare gonna go bye bye in a week or so possibly but i am not too bothered about that either.

The reason i do my thread is to keep you guys updated on payouts and prices so yeh I could sell my S3 hashpower and get out if i wanted. I would get a very amount of BTC for it though so its not really worth it. I would rather keep the payouts going right to the end so that its kept as a time capsule, as a reference.

That is what i basically do, same with the videos i have done in the past comparing payouts.

So to be honest. if my contracts die..which they have done many times..My Scrypt contract died, some of my contracts in September died, then as i have explained, what will be will be.

I have not invested huge amounts of money though as i would never do that, that is just far too risky and the problem is that people do not understand these risks.

But for me personally i was a home miner, came to these forums, picked up more info so I am always aware that Bitcoin price and difficulty is one day gonna sneak up and bite me on the ass, just never sure of when that will happen.

[biggbox]

Same here. The payout is drastic today. I can only look forward for my contract to be nullified. I got into these willingly. Can't blame anyone. I wonder what will the supporters say since their contracts are creeping towards nullification too. 

Oh well if you mean me as an example...Well I knew the risks of crypto when i signed up so what will be will be.

My S3 contracts on Hashnet aare gonna go bye bye in a week or so possibly but i am not too bothered about that either.

The reason i do my thread is to keep you guys updated on payouts and prices so yeh I could sell my S3 hashpower and get out if i wanted. I would get a very amount of BTC for it though so its not really worth it. I would rather keep the payouts going right to the end so that its kept as a time capsule, as a reference.

That is what i basically do, same with the videos i have done in the past comparing payouts.

So to be honest. if my contracts die..which they have done many times..My Scrypt contract died, some of my contracts in September died, then as i have explained, what will be will be.

I have not invested huge amounts of money though as i would never do that, that is just far too risky and the problem is that people do not understand these risks.

But for me personally i was a home miner, came to these forums, picked up more info so I am always aware that Bitcoin price and difficulty is one day gonna sneak up and bite me on the ass, just never sure of when that will happen.

LOL. Chill, friend. We are in the same boat on GM. I'm already at peace with these cloud mining setbacks. Whatever it comes, it comes.

[IanFoxley]

Same here. The payout is drastic today. I can only look forward for my contract to be nullified. I got into these willingly. Can't blame anyone. I wonder what will the supporters say since their contracts are creeping towards nullification too. 

Oh well if you mean me as an example...Well I knew the risks of crypto when i signed up so what will be will be.

My S3 contracts on Hashnet aare gonna go bye bye in a week or so possibly but i am not too bothered about that either.

The reason i do my thread is to keep you guys updated on payouts and prices so yeh I could sell my S3 hashpower and get out if i wanted. I would get a very amount of BTC for it though so its not really worth it. I would rather keep the payouts going right to the end so that its kept as a time capsule, as a reference.

That is what i basically do, same with the videos i have done in the past comparing payouts.

So to be honest. if my contracts die..which they have done many times..My Scrypt contract died, some of my contracts in September died, then as i have explained, what will be will be.

I have not invested huge amounts of money though as i would never do that, that is just far too risky and the problem is that people do not understand these risks.

But for me personally i was a home miner, came to these forums, picked up more info so I am always aware that Bitcoin price and difficulty is one day gonna sneak up and bite me on the ass, just never sure of when that will happen.

LOL. Chill, friend. We are in the same boat on GM. I'm already at peace with these cloud mining setbacks. Whatever it comes, it comes.

 No worries, I am chilling Now if i had invested 1 million dollars, probably not but you know

[Crypto8]

The average ROI you can expect on GM is about 30%, every new contract buyer should know that

[srcs76]

1TH/s sha256 BTC balance of 0.00178768 successfully added to your account on 2016-01-17T12:00:00+00:00 day really? rest in peace my U$419.00, never ROI  

Birth: 17/12/2015
Death: Coming soon  

[IanFoxley]

1TH/s sha256 mining 0.00194001 day Really?, rest in peace my U$419.00  

Lets compare 1THs payouts today with GM and hashnest, info taken based on my contracts of 50GH/s divided by 50 to get figure per 1GH/s and then multiplied by 1000
Always good to compare. @src76. Perhaps your fee is at 0.00095 USD per GH/s per day as i do not have a contract with that fee. You can check in your contract. But it seems to be in the middle of my 0.00099 USD and 0.00089 USD contracts

All payouts after maintenance fee removed. As GM has not paid out yet today then i will also base my hashnest payouts on yesterday also for fairness.

GM contracts at 0.0015 USD  1TH/s payout approx 0.00059940

GM contracts at 0.0012 USD  1TH/s payout approx 0.00135820

GM contracts at 0.00099 USD  1TH/s payout approx 0.00188940

GM contracts at 0.00089 USD 1TH/s payout approx  0.00214240

GM contracts at 0.00079 USD 1TH/s payout approx  0.00244320

Hashnest S3  at 0.00192 USD 1TH/s payout approx -0.00013900 BTC     A Minus Payout

Hashnest S4  at 0.001625 USD 1TH/s payout approx 0.00048980

Hashnest S5  at 0.001175 USD 1TH/s payout approx  0.00145180

Hashnest S7 at  0.0005796 USD 1TH/s payout approx 0.00272300

As you can see the lower the maintenance fee are for contracts then generally the better the payout.

For reference here was BTC AUTO payout with 20MH/s X11. 20MHs because it costs 420 USD, 1 USD more than 1TH/s SHA 256 with Genesis Mining

GM X11 BTC AUTO payout for 20 MH/s was 0.00352260 BTC

              

[srcs76]

great explanation , thank you IanFoxley

[minator99]

about 36% drop for today PO. argh...

aye, was thinking the same.   it's evident my contracts will be null soon, thank god they were super small.
strangely i am more at peace as they end, kinda happy to be away from this company i guess

Why are you so complacent about the prospect of Genesis Mining just terminating your mining contracts?  They sell most of the contracts as a "lifetime" contract.   These are therefore long-term contracts.   Many of the Bitcoin mining contracts that are now paying a few cents per day have only been running for a few months.  Buyers have not even received their purchase money back, let alone any return on investment. 

If Genesis Mining want people to purchase mining power, then they should NOT exercise the termination clause.  In the contract it says they "may" end the contract if there are no payouts for 20 days.  They should not exercise this option if they want people to continue to buy contracts with them.   

I have bought hashing power with Genesis Mining rather than my own equipment.  It is not good business practice for them to terminate my contract and resell this hashing power to someone else.  Bitcoin mining profitability goes up and down. I understand that there may be periods when it is not profitable to mine, but these come and go. 

Genesis Mining should just suspend the contract until the bitcoin price/difficulty changes and produces a return again.  They should not take away the hashing power I have paid for and resell it to someone else.  The resulting bad publicity on social media would greatly affect their business and they would be foolish to do this.

[tokingtoking]

about 36% drop for today PO. argh...

aye, was thinking the same.   it's evident my contracts will be null soon, thank god they were super small.
strangely i am more at peace as they end, kinda happy to be away from this company i guess

Why are you so complacent about the prospect of Genesis Mining just terminating your mining contracts?  They sell most of the contracts as a "lifetime" contract.   These are therefore long-term contracts.   Many of the Bitcoin mining contracts that are now paying a few cents per day have only been running for a few months.  Buyers have not even received their purchase money back, let alone any return on investment. 

If Genesis Mining want people to purchase mining power, then they should NOT exercise the termination clause.  In the contract it says they "may" end the contract if there are no payouts for 20 days.  They should not exercise this option if they want people to continue to buy contracts with them.   

I have bought hashing power with Genesis Mining rather than my own equipment.  It is not good business practice for them to terminate my contract and resell this hashing power to someone else.  Bitcoin mining profitability goes up and down. I understand that there may be periods when it is not profitable to mine, but these come and go. 

Genesis Mining should just suspend the contract until the bitcoin price/difficulty changes and produces a return again.  They should not take away the hashing power I have paid for and resell it to someone else.  The resulting bad publicity on social media would greatly affect their business and they would be foolish to do this.

I believe lifetime is not forever. Is it, GM?

[inyereye]

Well, this is what my Genesis contract has to say about my lifetime SHA mining.

Term: The contract has no fixed and predetermined end date.

2. Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of
(the "Fee"):
a. 0.XXXXXXX USD per GH/s upfront
b. USD 0.XXXXX per GH/s and day, deducted on a daily basis* from the generated Coins

4. Term
a. This Agreement is entered into for the term indicated above.
b. The Service Provider may terminate this Agreement with immediate effect if the Coins
generated in the preceding 20 days do not suffice to pay the Fee under 2.b above.
c. Otherwise, this Agreement may only be terminated by either party for good cause (aus
wichtigem Grund).
d. In the event of a termination for good cause by the Customer, and, for the avoidance of doubt
in any such event, the Customer shall be entitled to a repayment of item 2.a above in the
proportion of the time lapsed since the beginning of the Term divided by the Term.
e. In case the Service Provider voluntarily agrees to refund the Customer, a processing fee of USD
10 will be deducted.

*if, on any day, Coins generated on one day do not suffice to pay item 2 of the Fee above, the Service Provider may
use Coins generated on any day thereafter for such payment.

So a lifetime contract is not necessarily forever, but as long as the mining remains profitable.

I popped in here today to see what people were saying as I've seen the payments drop drastically in the last couple of months. I've been a customer for almost a year, and have seen both drops and increases in payments, but they usually mapped to changes in BTC value or difficulty, which makes sense.

Coming up on a year, I was planning to increase my hashrate with Genesis as their overall service has been good and has instilled confidence. They dropped my maintenance fees, offered constant communication and updates and generally made me feel like a valued customer. However with the developments as of late, I believe it may just be better to buy and hold some BTC with the funds I have been setting aside.

I completely understand that there is the additional element of "finding blocks" to take into the mix. In closely monitoring my returns I have, as others mention in this thread noticed that increases in payouts come slowly and are much smaller when BTC value goes up or difficulty drops than the opposite. In addition, Genesis refuses to provide proof of hashrate or report blocks found to their investors making verifying those payouts are accurate difficult if not impossible.

I also looked at this as a long term investment and not a quick payoff. I am close to my ROI point, so the contract being terminated at this point wouldn't hurt too much, but does nothing for what I saw as one of the few "solid" cloud mining organizations.

It is concerning to see payouts drop so low, and will be sad to see what I was hoping would be a long-term relationship end, but it is looking like that is the direction this is headed in.

I appreciate that there are still payouts coming to my wallet Genesis, but it might be time to consider sharing a little more detail with your customer base about the blocks you are finding. I for one will be holding back on any further investments until such time as there is more clarity into exactly what is going on and will content myself with the dribble into my wallet as long as it keeps coming.

[Bitcoin 420]

1TH/s sha256 mining 0.00194001 day Really?, rest in peace my U$419.00  

Lets compare 1THs payouts today with GM and hashnest, info taken based on my contracts of 50GH/s divided by 50 to get figure per 1GH/s and then multiplied by 1000
Always good to compare. @src76. Perhaps your fee is at 0.00095 USD per GH/s per day as i do not have a contract with that fee. You can check in your contract. But it seems to be in the middle of my 0.00099 USD and 0.00089 USD contracts

All payouts after maintenance fee removed. As GM has not paid out yet today then i will also base my hashnest payouts on yesterday also for fairness.

GM contracts at 0.0015 USD  1TH/s payout approx 0.00059940

GM contracts at 0.0012 USD  1TH/s payout approx 0.00135820

GM contracts at 0.00099 USD  1TH/s payout approx 0.00188940

GM contracts at 0.00089 USD 1TH/s payout approx  0.00214240

GM contracts at 0.00079 USD 1TH/s payout approx  0.00244320

Hashnest S3  at 0.00192 USD 1TH/s payout approx -0.00013900 BTC     A Minus Payout

Hashnest S4  at 0.001625 USD 1TH/s payout approx 0.00048980

Hashnest S5  at 0.001175 USD 1TH/s payout approx  0.00145180

Hashnest S7 at  0.0005796 USD 1TH/s payout approx 0.00272300

As you can see the lower the maintenance fee are for contracts then generally the better the payout.

For reference here was BTC AUTO payout with 20MH/s X11. 20MHs because it costs 420 USD, 1 USD more than 1TH/s SHA 256 with Genesis Mining

GM X11 BTC AUTO payout for 20 MH/s was 0.00352260 BTC

              

nice overview!

[Shattered]

Well, this is what my Genesis contract has to say about my lifetime SHA mining.

Term: The contract has no fixed and predetermined end date.

2. Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of
(the "Fee"):
a. 0.XXXXXXX USD per GH/s upfront
b. USD 0.XXXXX per GH/s and day, deducted on a daily basis* from the generated Coins

4. Term
a. This Agreement is entered into for the term indicated above.
b. The Service Provider may terminate this Agreement with immediate effect if the Coins
generated in the preceding 20 days do not suffice to pay the Fee under 2.b above.
c. Otherwise, this Agreement may only be terminated by either party for good cause (aus
wichtigem Grund).
d. In the event of a termination for good cause by the Customer, and, for the avoidance of doubt
in any such event, the Customer shall be entitled to a repayment of item 2.a above in the
proportion of the time lapsed since the beginning of the Term divided by the Term.
e. In case the Service Provider voluntarily agrees to refund the Customer, a processing fee of USD
10 will be deducted.

*if, on any day, Coins generated on one day do not suffice to pay item 2 of the Fee above, the Service Provider may
use Coins generated on any day thereafter for such payment.

So a lifetime contract is not necessarily forever, but as long as the mining remains profitable.

I popped in here today to see what people were saying as I've seen the payments drop drastically in the last couple of months. I've been a customer for almost a year, and have seen both drops and increases in payments, but they usually mapped to changes in BTC value or difficulty, which makes sense.

Coming up on a year, I was planning to increase my hashrate with Genesis as their overall service has been good and has instilled confidence. They dropped my maintenance fees, offered constant communication and updates and generally made me feel like a valued customer. However with the developments as of late, I believe it may just be better to buy and hold some BTC with the funds I have been setting aside.

I completely understand that there is the additional element of "finding blocks" to take into the mix. In closely monitoring my returns I have, as others mention in this thread noticed that increases in payouts come slowly and are much smaller when BTC value goes up or difficulty drops than the opposite. In addition, Genesis refuses to provide proof of hashrate or report blocks found to their investors making verifying those payouts are accurate difficult if not impossible.

I also looked at this as a long term investment and not a quick payoff. I am close to my ROI point, so the contract being terminated at this point wouldn't hurt too much, but does nothing for what I saw as one of the few "solid" cloud mining organizations.

It is concerning to see payouts drop so low, and will be sad to see what I was hoping would be a long-term relationship end, but it is looking like that is the direction this is headed in.

I appreciate that there are still payouts coming to my wallet Genesis, but it might be time to consider sharing a little more detail with your customer base about the blocks you are finding. I for one will be holding back on any further investments until such time as there is more clarity into exactly what is going on and will content myself with the dribble into my wallet as long as it keeps coming.

You sum up with your comments in bold, EXACTLY what many investors feel.
My experience in general with Genesis has been positive, but the lack on detailed info is concerning.

I could not agree with your statement more, regarding NOT purchasing additional contracts with Genesis in the future.
Difficulty rise or BTC price drop, your payments instantly reflect that.
Price spikes, your payouts take days to reflect and who knows if they ever really equal what they should...

I also share the position about letting my purchased contracts just sit there. Out of site, out of mind i suppose.

[minator99]

Well, this is what my Genesis contract has to say about my lifetime SHA mining.

Term: The contract has no fixed and predetermined end date.

2. Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of
(the "Fee"):
a. 0.XXXXXXX USD per GH/s upfront
b. USD 0.XXXXX per GH/s and day, deducted on a daily basis* from the generated Coins

4. Term
a. This Agreement is entered into for the term indicated above.
b. The Service Provider may terminate this Agreement with immediate effect if the Coins
generated in the preceding 20 days do not suffice to pay the Fee under 2.b above.
c. Otherwise, this Agreement may only be terminated by either party for good cause (aus
wichtigem Grund).
d. In the event of a termination for good cause by the Customer, and, for the avoidance of doubt
in any such event, the Customer shall be entitled to a repayment of item 2.a above in the
proportion of the time lapsed since the beginning of the Term divided by the Term.
e. In case the Service Provider voluntarily agrees to refund the Customer, a processing fee of USD
10 will be deducted.

*if, on any day, Coins generated on one day do not suffice to pay item 2 of the Fee above, the Service Provider may
use Coins generated on any day thereafter for such payment.

So a lifetime contract is not necessarily forever, but as long as the mining remains profitable.

I popped in here today to see what people were saying as I've seen the payments drop drastically in the last couple of months. I've been a customer for almost a year, and have seen both drops and increases in payments, but they usually mapped to changes in BTC value or difficulty, which makes sense.

Coming up on a year, I was planning to increase my hashrate with Genesis as their overall service has been good and has instilled confidence. They dropped my maintenance fees, offered constant communication and updates and generally made me feel like a valued customer. However with the developments as of late, I believe it may just be better to buy and hold some BTC with the funds I have been setting aside.

I completely understand that there is the additional element of "finding blocks" to take into the mix. In closely monitoring my returns I have, as others mention in this thread noticed that increases in payouts come slowly and are much smaller when BTC value goes up or difficulty drops than the opposite. In addition, Genesis refuses to provide proof of hashrate or report blocks found to their investors making verifying those payouts are accurate difficult if not impossible.

I also looked at this as a long term investment and not a quick payoff. I am close to my ROI point, so the contract being terminated at this point wouldn't hurt too much, but does nothing for what I saw as one of the few "solid" cloud mining organizations.

It is concerning to see payouts drop so low, and will be sad to see what I was hoping would be a long-term relationship end, but it is looking like that is the direction this is headed in.

I appreciate that there are still payouts coming to my wallet Genesis, but it might be time to consider sharing a little more detail with your customer base about the blocks you are finding. I for one will be holding back on any further investments until such time as there is more clarity into exactly what is going on and will content myself with the dribble into my wallet as long as it keeps coming.

You sum up with your comments in bold, EXACTLY what many investors feel.
My experience in general with Genesis has been positive, but the lack on detailed info is concerning.

I could not agree with your statement more, regarding NOT purchasing additional contracts with Genesis in the future.
Difficulty rise or BTC price drop, your payments instantly reflect that.
Price spikes, your payouts take days to reflect and who knows if they ever really equal what they should...

I also share the position about letting my purchased contracts just sit there. Out of site, out of mind i suppose.

I have lost all faith in Genesis Mining.  You buy your hashpower through them and then they wont give any figures as to how that hashpower is performing.  It's impossible to work this out from the payouts.  They benefit from lowering your payouts to zero as they can then keep the hash power you have bought, and sell it to someone else.  A genuine company would not operate like this.

Constantly cancelling long-term contracts after a few months, leads to the conclusion that they are constantly reselling the same amount of hashpower and not expanding.   

Genesis Mining must do everything they can to keep contracts going for a reasonable amount of time and not just cancel them.  Only then can confidence in this company be regained.

[inyereye]

I have lost all faith in Genesis Mining.  You buy your hashpower through them and then they wont give any figures as to how that hashpower is performing.  It's impossible to work this out from the payouts.  They benefit from lowering your payouts to zero as they can then keep the hash power you have bought, and sell it to someone else.  A genuine company would not operate like this.

Constantly cancelling long-term contracts after a few months, leads to the conclusion that they are constantly reselling the same amount of hashpower and not expanding.   

Genesis Mining must do everything they can to keep contracts going for a reasonable amount of time and not just cancel them.  Only then can confidence in this company be regained.

I have also wondered if maybe everyone's lifetime contracts magically drop in payouts as they approach and pass ROI. 

Someone should set up a site where Genesis investors can anonymously share their Payout/Hashrate ratio in bulk,  and what they are mining.  This would quickly identify any inconsistencies. Ideally people would share a wallet Addy so those payouts could be verified but I don't believe this level of trust would be viable unless only done between trusted friends.

Genesis: Understand please that if you keep your investors in the dark,  the smarter ones will eventually organize and find ways to enlighten themselves.

[tokingtoking]

another 30% drop of my PO but hashpower increase 2%.
dont ask me where hashpower come from, i dont know.
maybe GM give me bonus to compensate POs drop.

[IanFoxley]

I have also wondered if maybe everyone's lifetime contracts magically drop in payouts as they approach and pass ROI. 

Someone should set up a site where Genesis investors can anonymously share their Payout/Hashrate ratio in bulk,  and what they are mining.  This would quickly identify any inconsistencies. Ideally people would share a wallet Addy so those payouts could be verified but I don't believe this level of trust would be viable unless only done between trusted friends.

If you look just a few posts up you will see i post payout info for Both Hashnest and Genesis Mining.

Currently Hashnest S3 and S4 contracts are underwater and could be going bye bye soon so do not assume that Genesis Mining payouts are the only payouts that are going down because they are not..Far from it..Hashnest are reputable too and they mine just like GM so you can see from my payouts that what is happening with Genesis Mining is because of the fees and the difficulty, just the same as what is happening over at Hashnest.

Ive been posting daily payout info for both companies for months so its easy to look back and see how payouts for both companies go down...as the bitcoin difficulty has increased especially since November.

Please take a look..i update the payout info as much as i can and it can be a useful resource for everyone..
https://bitcointalk.org/index.php?topic=768931.0

[inyereye]

I have also wondered if maybe everyone's lifetime contracts magically drop in payouts as they approach and pass ROI.  

Someone should set up a site where Genesis investors can anonymously share their Payout/Hashrate ratio in bulk,  and what they are mining.  This would quickly identify any inconsistencies. Ideally people would share a wallet Addy so those payouts could be verified but I don't believe this level of trust would be viable unless only done between trusted friends.

If you look just a few posts up you will see i post payout info for Both Hashnest and Genesis Mining.

Currently Hashnest S3 and S4 contracts are underwater and could be going bye bye soon so do not assume that Genesis Mining payouts are the only payouts that are going down because they are not..Far from it..Hashnest are reputable too and they mine just like GM so you can see from my payouts that what is happening with Genesis Mining is because of the fees and the difficulty, just the same as what is happening over at Hashnest.

Ive been posting daily payout info for both companies for months so its easy to look back and see how payouts for both companies go down...as the bitcoin difficulty has increased especially since November.

Please take a look..i update the payout info as much as i can and it can be a useful resource for everyone..
https://bitcointalk.org/index.php?topic=768931.0

I saw that and appreciate it.  Difficulty has indeed gone up.  My idea is just to get more references from a collection of people who signed up at different times to see if there are any anomalies.

I guess a simple google docs with payout,  hash rate owned,  join date,  currency mined and ensuring any referral bonuses aren't included would be good.

As for the free hash rate,  looks like Genesis gifted some to everyone on Jan 12th. It shows up on your account contracts page.

[Wintermute]

I have lost all faith in Genesis Mining.  You buy your hashpower through them and then they wont give any figures as to how that hashpower is performing.  It's impossible to work this out from the payouts.  They benefit from lowering your payouts to zero as they can then keep the hash power you have bought, and sell it to someone else.  A genuine company would not operate like this.

Constantly cancelling long-term contracts after a few months, leads to the conclusion that they are constantly reselling the same amount of hashpower and not expanding.   

Genesis Mining must do everything they can to keep contracts going for a reasonable amount of time and not just cancel them.  Only then can confidence in this company be regained.

I have also wondered if maybe everyone's lifetime contracts magically drop in payouts as they approach and pass ROI. 

Someone should set up a site where Genesis investors can anonymously share their Payout/Hashrate ratio in bulk,  and what they are mining.  This would quickly identify any inconsistencies. Ideally people would share a wallet Addy so those payouts could be verified but I don't believe this level of trust would be viable unless only done between trusted friends.

Genesis: Understand please that if you keep your investors in the dark,  the smarter ones will eventually organize and find ways to enlighten themselves.

I have explained how you can quickly calculate the expected BTC payout:

https://bitcointalk.org/index.php?topic=602022.msg13555299#msg13555299

My calculations for the last couple of months clearly show that the BTC payouts make sense. I also track DASH payouts and they are in line with expectations, too.

I have once asked talked to GM on a conference. With a lifetime contract you are basically buying a miner. If the miner does not generate enough coins to pay for electricity, the miner will be turned off. It is the same as if you buy a miner for your home. Depending on electricity price you will turn it off at some point in time.