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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381990 times)
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btcgnome
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February 13, 2016, 10:10:07 PM
 #4141

I hope the new Ethereum Contracts come available soon. Ether is preforming so well the last weeks  Smiley

http://coinmarketcap.com/currencies/ethereum/

It's available now.  You're gonna shoot yourself in the head when you see the price per MH/s.
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alienesb
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February 13, 2016, 11:05:39 PM
 #4142

It looks like ethereum contracts are back...but I think now we are getting stiffed.  The price has more than doubled.  Before you could buy a 55 MH/s contract for under $1000 USD.  Now the cost is about $2420 USD.

Anyone else not liking this price change?  It is very suspicious how suddenly when the demand was high ethereum purchases were taken down and then come the price hike.

That's nuts. Buy yourself two R9 290s or 390s and you'll be able to mine at that speed and actually sell the cards later on to recover quite a bit of their purchase price cutting your "ROI" time in half or more.
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February 14, 2016, 08:34:15 AM
 #4143

It looks like ethereum contracts are back...but I think now we are getting stiffed.  The price has more than doubled.  Before you could buy a 55 MH/s contract for under $1000 USD.  Now the cost is about $2420 USD.

Anyone else not liking this price change?  It is very suspicious how suddenly when the demand was high ethereum purchases were taken down and then come the price hike.

That's nuts. Buy yourself two R9 290s or 390s and you'll be able to mine at that speed and actually sell the cards later on to recover quite a bit of their purchase price cutting your "ROI" time in half or more.

Yeh, it is abit weird, but nobody is forcing you to buy any, I personally think the pricing is a little high now so I would not be tempted to get any.

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February 15, 2016, 12:05:51 PM
 #4144

can anybody give some advice on the following problem ?

I invested only small amounts in GM over the last 7 months, so I received lots of small payouts with amounts between 0.00020000 btc and 0.00080000 btc . Now, trying to move funds from the web wallet I used to collect them results in ridiculously high transaction fees. I am in contact with the wallet provider but also like to ask you cloudminers here how you handle your payouts. Is anybody experiencing similar problems when moving funds from an address with let's say 170 inputs ?

After noticing the issue I immediately created a new address and repeated this twice during the last month. Trying to move the funds with those 30 inputs also results in a large transaction, hence high transaction fees.

How do you guys handle lots of small inputs from your mining payouts ?

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February 15, 2016, 12:57:50 PM
 #4145

can anybody give some advice on the following problem ?

I invested only small amounts in GM over the last 7 months, so I received lots of small payouts with amounts between 0.00020000 btc and 0.00080000 btc . Now, trying to move funds from the web wallet I used to collect them results in ridiculously high transaction fees. I am in contact with the wallet provider but also like to ask you cloudminers here how you handle your payouts. Is anybody experiencing similar problems when moving funds from an address with let's say 170 inputs ?

After noticing the issue I immediately created a new address and repeated this twice during the last month. Trying to move the funds with those 30 inputs also results in a large transaction, hence high transaction fees.

How do you guys handle lots of small inputs from your mining payouts ?



You dont. Cause you probably have 60 cents in total in your wallet. So why bother about it?

bapparabi
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February 15, 2016, 04:53:10 PM
 #4146

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..

j33hopper
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February 15, 2016, 07:52:05 PM
 #4147

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..




Wow, those prices have skyrocketed.  I know ether has gone up recently on the exchanges, but Genesis has really gotten greedy here in a SHORT time.  Just 2 weeks ago it was 1799.00 for 1 year of mining and now its 4400.00.  Thats pretty rough.  What makes it even less of a value is the difficulty has also gotten a bit harder, so that 100 MH at one year isnt even paying off like it was because everyone is jumping on the Ether bandwagon.  Buyer beware on this deal.
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February 15, 2016, 08:09:22 PM
 #4148

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..




Wow, those prices have skyrocketed.  I know ether has gone up recently on the exchanges, but Genesis has really gotten greedy here in a SHORT time.  Just 2 weeks ago it was 1799.00 for 1 year of mining and now its 4400.00.  Thats pretty rough.  What makes it even less of a value is the difficulty has also gotten a bit harder, so that 100 MH at one year isnt even paying off like it was because everyone is jumping on the Ether bandwagon.  Buyer beware on this deal.

AGREED ;\   but hey maybe it's a  hail mary to make some cash because none of us original users came back with our money to keep them going! which would be awesome, they screwed us all what do they expect? us to give them our btc again? no way!
r.i.p. Genesis Ripoffs
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Seems I deinvested all my btc :(


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February 15, 2016, 11:07:35 PM
 #4149

can anybody give some advice on the following problem ?

I invested only small amounts in GM over the last 7 months, so I received lots of small payouts with amounts between 0.00020000 btc and 0.00080000 btc . Now, trying to move funds from the web wallet I used to collect them results in ridiculously high transaction fees. I am in contact with the wallet provider but also like to ask you cloudminers here how you handle your payouts. Is anybody experiencing similar problems when moving funds from an address with let's say 170 inputs ?

After noticing the issue I immediately created a new address and repeated this twice during the last month. Trying to move the funds with those 30 inputs also results in a large transaction, hence high transaction fees.

How do you guys handle lots of small inputs from your mining payouts ?





Those inputs don't cost you anything, thats Genesis paying 1 to many, they send out 1 payment daily to 1000 of us each taking a small part of the pie:)

Same goes for other mining pools that pay daily..

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Zeta0S
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February 15, 2016, 11:23:04 PM
 #4150

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..


There is a good change Ethereum is gonna explode in price, than this calculation would be different right...

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
IanFoxley
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February 17, 2016, 06:48:19 AM
 #4151

Well if you all think GM charges too much for Eth contracts then do not buy them.

But what they are doing is no different to what others would do.

I bet if BTC price rockets then the prices of mining machines would do too or do you think people will still sell them off cheap on Ebay. Do you think Bitmain would lower the price. Course not. People would want them so demand means higher prices.

I also remember when GPU prices skyrocketed in late 2013 because people were buying them up to mine Scrypt with.  Retailers knew this so prices of graphics cards went up. Perhaps the Gpus that GM need were in short supply so had to pay more for them. Only GM know what the costs were so if you think it's too much. Do not buy. Just buy eth direct. It's simple and you all have a choice.


Madmach
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February 20, 2016, 07:03:48 AM
 #4152

Yea, "Lifetime Bitcoin Mining contract" Cheesy Nice joke.
bubbaj
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February 22, 2016, 07:44:08 AM
 #4153

If Etherem is the next big thing GPU mining will only last a few months, someone will work out how to have an ASIC chip mine it and it will go the same way as all of Crypto. It is the only industry that I have seen that kills itself. As for the 3x price hike by Genesis what do you expect, they are not in the game of losing money.
minator99
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February 22, 2016, 01:17:59 PM
 #4154

Yea, "Lifetime Bitcoin Mining contract" Cheesy Nice joke.

Genesis Mining operate under European Law (German).  They are subject to strict laws.  They cannot claim a lifetime contract if they are going to end it after a short time.  Under European law, they cannot rely on an unfair clause in their contract.  The courts strike these clauses out. 

Genesis Mining should be careful how they handle their lifetime bitcoin mining contracts.  They now have a substantial number of users and would likely face a class action if they try to terminate lifetime contracts after such a short time.   
bapparabi
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February 23, 2016, 04:09:57 PM
 #4155

i am happy that three latest maintenance free is 0.0045 per 10 GH/s whci is great news ...now we can get better return
bitcoinpete
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February 29, 2016, 10:22:30 AM
 #4156

Havent received any payours for sha256 for a couple weeks now looks like a huge scam!

500 ghs mining sign up now goo.gl/WnRqgI
Wintermute
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March 01, 2016, 01:31:13 PM
 #4157

Havent received any payours for sha256 for a couple weeks now looks like a huge scam!

The sha contracts produce a number of Bitcoin per day and some of it is used to pay for electricity. Due to the huge increase of difficulty in the last couple of months the Bitcoin payouts are not enough to pay for the electricity.

https://bitcoinwisdom.com/bitcoin/difficulty

I assume your contract is not paying anymore because payouts are lower than electricity cost ("maintenance fee").

Zeta0S
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March 01, 2016, 01:46:59 PM
 #4158

i am happy that three latest maintenance free is 0.0045 per 10 GH/s whci is great news ...now we can get better return
I am really noticed the difference, paymenst for BTC only are close to 9 dollars now.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
ZorroPai
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March 02, 2016, 06:56:08 PM
 #4159

Havent received any payours for sha256 for a couple weeks now looks like a huge scam!

Hello bitcoinpete,

I changed to BTCD and I get regular payments.

Kind regards,
ZorroPai

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March 04, 2016, 10:46:41 PM
 #4160

Genesis Mining thank you for the Ethereum contracts.  From the first day i know you did not list Dash ($4.57) and Ethereum for nothing. Now i am earning all the Ether You mined in my behave.

Totday Ethereum reached 10 Dollars!  10 Dollars Wow! And Dash is skying to!

(source: http://www.bitcoinupdate.nl/  http://coinmarketcap.com/ )

Many thanks for your early vision,

Zeta

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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