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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381351 times)
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IanFoxley
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January 30, 2016, 08:49:23 AM
 #4081

Well I am afraid to state that from the last two days I have been receiving dust payouts from my 10 MH/s x11 contract.

I was receiving genuine payouts  of around 0.001 btc until recently I am receiving dusts of around 0.00001 btc Huh

Please resolve this.

Thats defo not right. My last payout for 1 MH/s BTC (AUTO) was 0.00018646 BTC so you should have had 0.00186  BTC at least.




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Zeta0S
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January 30, 2016, 02:47:39 PM
 #4082

Questions to Marco Streng :

Why do you sometimes post with your ZetaOS profile and sometimes with your Genesis Mining profile ? Do you have other accounts ?


I am not Marco Streng, i am a consumer just like you, and i created the MOON voucher for the affiliated program.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
babs1975
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February 01, 2016, 03:38:52 AM
 #4083

I want to invest in Genesis-mining but I am not very sure how it works. When you invest in a one year contract, do you get your principle back after the expiry of the contract?

Hi Babs, i have a one year contract with X11 and how it works is that you pay for the hashpower for a year and then that hashpower is used to mine coins.
After a year it will stop so it is the mined coins that you get back in a year that will determine if you have made a profit or a loss.

They can not give the principle back as the money you pay upfront is for purchasing hashpower for a year and that hashpower is tied to a graphics card which is being reserved to you for a whole year.

Ian thanks for your explanation.

tokingtoking
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February 01, 2016, 04:37:37 AM
 #4084

drastically drop...

30.01.2016     BTC     0.00042463 i   
29.01.2016     BTC     0.00038840 i   
28.01.2016     BTC     0.00053661 i   
27.01.2016     BTC     0.00078537 i   
26.01.2016     BTC     0.00125444 i   
25.01.2016     BTC     0.00127063 i   
24.01.2016     BTC     0.00136614 i   
23.01.2016     BTC     0.00114651 i   
22.01.2016     BTC     0.00118140 i   
21.01.2016     BTC     0.00161497 i   
20.01.2016     BTC     0.00138206 i   
19.01.2016     BTC     0.00102301 i   
18.01.2016     BTC     0.00102804 i   
17.01.2016     BTC     0.00108376 i   
16.01.2016     BTC     0.00081880 i   
15.01.2016     BTC     0.00129452 i   
14.01.2016     BTC     0.00192000 i   
13.01.2016     BTC     0.00190539 i   
12.01.2016     BTC     0.00293396 i   
10.01.2016     BTC     0.00290248 i   

maybe because of btc price, i dont know.
IanFoxley
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February 01, 2016, 08:00:43 AM
 #4085

drastically drop...

30.01.2016     BTC     0.00042463 i   
29.01.2016     BTC     0.00038840 i   
28.01.2016     BTC     0.00053661 i   
27.01.2016     BTC     0.00078537 i   
26.01.2016     BTC     0.00125444 i   
25.01.2016     BTC     0.00127063 i   
24.01.2016     BTC     0.00136614 i   
23.01.2016     BTC     0.00114651 i   
22.01.2016     BTC     0.00118140 i   
21.01.2016     BTC     0.00161497 i   
20.01.2016     BTC     0.00138206 i   
19.01.2016     BTC     0.00102301 i   
18.01.2016     BTC     0.00102804 i   
17.01.2016     BTC     0.00108376 i   
16.01.2016     BTC     0.00081880 i   
15.01.2016     BTC     0.00129452 i   
14.01.2016     BTC     0.00192000 i   
13.01.2016     BTC     0.00190539 i   
12.01.2016     BTC     0.00293396 i   
10.01.2016     BTC     0.00290248 i   

maybe because of btc price, i dont know.

Each difficulty change affects the payout and as BTC price is not really changing much at each difficulty change then the amount you get is less and less.
I see it too with my payouts and there is not much that can be done about it.

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February 01, 2016, 01:24:22 PM
 #4086

BTC is slowly dropping, next difficulty change in 6 days will mean the end of most (if not all?) SHA256 contracts with Genesis-mining. There will be much grinding of teeth.

=P
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February 02, 2016, 09:05:34 AM
 #4087


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Potatoh
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February 02, 2016, 11:52:44 AM
 #4088

How much can UNO can a 51 GH/s SHA256 contract mine per day? Since my contract is nearly dead due to the price of BTC and the diff. rise, I was wondering if I could switch to UNO or ZET mining, and convert my mined coins into BTC?

IanFoxley
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February 02, 2016, 11:57:20 AM
 #4089

How much can UNO can a 51 GH/s SHA256 contract mine per day? Since my contract is nearly dead due to the price of BTC and the diff. rise, I was wondering if I could switch to UNO or ZET mining, and convert my mined coins into BTC?

It will not make a difference as the fee is for the SHA256 hashpower so all you are doing is mining another SHA 256 coin and the fee you pay each day is not just for mining Bitcoin, it is covering the cost of the mining itself, so your payouts will still be low because they will just remove the fee from the UNO or Zetacoin payouts instead.

So if you look to see how profitable Zetacoin or UNO is and then take away the fee, you will still be left with a little.

What i would do is check a site like coinwarz to see what you can get each day and then detract the fee from it.



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February 02, 2016, 12:00:27 PM
 #4090

does anybody know if there's a notification if a GM mining contract dries out ? thanks
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February 02, 2016, 12:27:11 PM
 #4091

How much can UNO can a 51 GH/s SHA256 contract mine per day? Since my contract is nearly dead due to the price of BTC and the diff. rise, I was wondering if I could switch to UNO or ZET mining, and convert my mined coins into BTC?

It will not make a difference as the fee is for the SHA256 hashpower so all you are doing is mining another SHA 256 coin and the fee you pay each day is not just for mining Bitcoin, it is covering the cost of the mining itself, so your payouts will still be low because they will just remove the fee from the UNO or Zetacoin payouts instead.

So if you look to see how profitable Zetacoin or UNO is and then take away the fee, you will still be left with a little.

What i would do is check a site like coinwarz to see what you can get each day and then detract the fee from it.


I ran my contract details though coinwarz, and it came out saying that mining Zeta is nearly 300% more profitable than bitcoin.

Did I do something wrong? Or is that really true? Anyway, for my calculation, "Watts" was actually my Gh/s, and "$/kWh" was the rate GM charges daily for each GH/S.

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February 02, 2016, 12:34:02 PM
 #4092


I ran my contract details though coinwarz, and it came out saying that mining Zeta is nearly 300% more profitable than bitcoin.

Did I do something wrong? Or is that really true? Anyway, for my calculation, "Watts" was actually my Gh/s, and "$/kWh" was the rate GM charges daily for each GH/S.

Tongue Did something wrong. I have the correct formula: Run your contract hashrate through that, without the electricity fees, then subtract 0.0012 * Hashrate USD in the end. That will be your daily profit in USD, right?  Grin

IanFoxley
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February 02, 2016, 12:39:25 PM
 #4093


I ran my contract details though coinwarz, and it came out saying that mining Zeta is nearly 300% more profitable than bitcoin.

Did I do something wrong? Or is that really true? Anyway, for my calculation, "Watts" was actually my Gh/s, and "$/kWh" was the rate GM charges daily for each GH/S.

Tongue Did something wrong. I have the correct formula: Run your contract hashrate through that, without the electricity fees, then subtract 0.0012 * Hashrate USD in the end. That will be your daily profit in USD, right?  Grin

If your fee is 0.0012 USD per GH/s per day then you need to multiply that by the amount of hashpower you have.

For example if i have 50GH/s at that fee i would need to multiply 0.0012 x 50 to get the fee in total. Then you subtract that. 50GH/s would be 6 US Cents so you detract 6 Cents from the calculated amounts. Just to be safe I would also just check the calculated results with other calculators just to make sure.


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February 02, 2016, 05:35:20 PM
 #4094

For now i suggest Mining Ether and Dash  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Genesis-Mining
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February 03, 2016, 08:04:38 PM
 #4095

Hi Genesis Mining community.

Just to let you know that Ethereum contracts have been very popular and we are now sold out of them.

We will let you know when they are back again.

Genesis Mining.


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February 03, 2016, 10:56:37 PM
 #4096

Dash is still available  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
cancerbola
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February 04, 2016, 10:30:30 AM
 #4097

Well... since my SHA256 contract in on life support and nearly dead, I've decided to switch to another SHA256 coin and mine those, which I will then exchange into bitcoins. I'll let you guys know how I'm going periodically. I'll start with UNO. Wish me luck!
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February 05, 2016, 02:08:33 AM
 #4098

I wonder if GM has contingency plans in terms of communications and outreach when mass (auto) contract-termination starts occuring. LOL.

Looking at the way the difficulty is climbing (and yet prices are not following suit) Sad sigh....

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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February 05, 2016, 11:25:07 AM
 #4099

I wonder if GM has contingency plans in terms of communications and outreach when mass (auto) contract-termination starts occuring. LOL.

Looking at the way the difficulty is climbing (and yet prices are not following suit) Sad sigh....

that explains why i'm earning more from moon faucet per week than my 250gh mining contract from these guys.
Payouts have always been quite low but this week's have been shocking, but at least they're a legit company.
I've already been burned by 2 that turned out not to be
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February 05, 2016, 12:26:05 PM
 #4100

Hi Genesis Mining community.

Just to let you know that Ethereum contracts have been very popular and we are now sold out of them.

We will let you know when they are back again.

Genesis Mining.



I was surprised to realize that my payouts from the mining contract have reduced drastically. About a month ago, I was receiving around 0.00075000btc and now am receiving 0.00008000 btc. What could be cause for this drastic drop?
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