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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 382065 times)
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CryptoVision
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June 01, 2016, 01:39:41 AM
 #4221

Genesis Mining need to enable hashpower trading to attract more serious investments.
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IanFoxley
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June 01, 2016, 07:21:30 AM
 #4222

my lifetime bitcoin contract never get payment from 2 or 3 months ago..

is that contract suspended?

One way to work out your daily payout after fees is  by looking in your contracts and if you go to the link below and enter in your hashpower and deduct the fee, then you can just do a check. It is not 100% accurate, no Bitcoin calculators are as they work on averages etc.

You can use this same method for any company that charges a daily fee so this is not just Genesis Mining specific.

Use the calculator here, you can use others of course but I tend to use this one most of the time.
https://bitcoinwisdom.com/bitcoin/difficulty

For example

I have a contract with a fee of 0.00079 USD per GH/s per day. These contracts started in January 2016.

I have 100 GH/s so the daily fee would be 7.9 US Cents a day.

I look at the calculator, which I posted the link to above and enter in 100 GH/s



As you can see from the image, the average return per day currently at the time of doing this post was 0.1305 USD/Day or just over 13 cents.
You then deduct your daily fee which is 7.9 US Cents, which makes 0.0515 USD or just over 5 US cents.

You enter in 0.0515 USD into the USD/Day column



and then look in the BTC/Day column and average payouts are around 0.00009958 BTC currently after the fee is removed.

For reference you can look up this wallet address if you like.

1ccbNk4pycMoLvkFEtQM7Eyh34qeVo2NJ

This is the wallet address I get my payouts to so you can track them from the day they started until today.
You can see for example that my first full payout for 100GH/s was 0.000155 BTC and my last payout was 0.0005053 so because of rising Bitcoin difficulty in nearly 6 months my payouts have gone down by a lot. This happens with any (legit) SHA 256 cloud mining company and my payouts over at Hashnest have also decreased too.

Also do not forget that calculators are just a guide and you only need to look at payouts on pools and see that one day, mining returns might be higher or lower than the amount shown in calculator.

sbtctalk
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June 11, 2016, 06:29:08 AM
 #4223

Does GM offers scrypt power?

13Sk3gsQ1ogrzmyt3xMVvByxcUvZr98kKN
sbtctalk
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June 11, 2016, 06:38:59 AM
 #4224

Genesis-Mining, did somebody mimic your website:

https://bitcointalk.org/index.php?topic=1495013.msg15048573

13Sk3gsQ1ogrzmyt3xMVvByxcUvZr98kKN
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June 11, 2016, 01:00:32 PM
 #4225



Tip: For those of you who are receiving dust daily from GM, use a XAPO wallet address to receive these dust. Because XAPO has no transaction fees for outgoing transactions.

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
Zeta0S
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June 13, 2016, 12:24:05 AM
 #4226

Ethereum just got a All Time High after the Launch. Happy mining  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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June 14, 2016, 01:41:55 PM
 #4227

What is genisis total hashrate? why are they not solo mining?
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June 15, 2016, 05:46:02 AM
 #4228

Anybody knows why 1year contracts have vanished under "My Orders".. Those were not expired yet..
According to my calculations those should have started to earn again (since today).. those were there 2 days ago but today poof... gone..

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June 15, 2016, 07:13:02 AM
 #4229

What is genisis total hashrate? why are they not solo mining?

And what are they mining with? Spondoolies after sales service might be a bit patchy these days....
What's the plan for halving and the march of the shrinking nm's?
A supposedly professional outfit, industry leader etc. would be expected to be a bit more communicative irl, but this is Bitcoinland I suppose.

Extraordinary Claims require Extraordinary Evidence
IanFoxley
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June 15, 2016, 09:36:18 AM
 #4230

Anybody knows why 1year contracts have vanished under "My Orders".. Those were not expired yet..
According to my calculations those should have started to earn again (since today).. those were there 2 days ago but today poof... gone..

Best thing to do is contact their support directly. They do not answer here much now.

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June 15, 2016, 10:46:20 AM
 #4231

Anybody knows why 1year contracts have vanished under "My Orders".. Those were not expired yet..
According to my calculations those should have started to earn again (since today).. those were there 2 days ago but today poof... gone..

Best thing to do is contact their support directly. They do not answer here much now.

I did, kind a hoped someone already got the answer...

jenjen43128
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June 15, 2016, 11:35:04 AM
 #4232

Genesis mining has been great for me, i just see the coins coming in
use this special code for a discount
jw0sNI
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June 15, 2016, 11:41:49 AM
 #4233

What is genisis total hashrate? why are they not solo mining?
Good question.  I do thing they uses pools.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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June 15, 2016, 12:19:06 PM
 #4234

What is genisis total hashrate? why are they not solo mining?
.. I do thing they uses pools.

Quote from: Genesis FAQs
We do not publish a list of pools we are using. Our main criteria for a good pool are: reliability, fee structure and reject rate. Going forward we will solo-mine a few coins (and pass the fee savings to our users!).

Why not?
If they are so big (see claim below) why aren't they solo mining now? Users could do with some fee saving.
For a company that makes a big deal of "transparency" "good citizen" blahblahblah, they are actually pretty opaque.

Quote
Join over 200.000 people with the world’s leading hashpower provider

How do they know that? Read my sig.


Extraordinary Claims require Extraordinary Evidence
biggbox
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June 15, 2016, 12:59:51 PM
 #4235

Genesis mining has been great for me, i just see the coins coming in
use this special code for a discount
jw0sNI


I believe you didn't read through the whole discussion. Enjoy your contract while it last. Smiley

1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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June 15, 2016, 03:34:21 PM
 #4236

What is genisis total hashrate? why are they not solo mining?



Join over 200.000 people with the world’s leading hashpower provider

How do they know that?


a certain degree of exaggeration is permitted whit advertisement.  
Look ad detergents they say always they are the best and the worst smudge will go away.

I totally do not bother me Genesis Mining say they are the biggest, and in cloudmining they really could be the biggest provider.



Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
tmfp
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June 15, 2016, 03:53:14 PM
 #4237

What is genisis total hashrate? why are they not solo mining?



Join over 200.000 people with the world’s leading hashpower provider

How do they know that?


a certain degree of exaggeration is permitted whit advertisement.  
Look ad detergents they say always they are the best and the worst smudge will go away.

I totally do not bother me Genesis Mining say they are the biggest, and in cloudmining they really could be the biggest provider.


Yeah, we're all aware that you're their No1 fan, but what you call "exaggeration" some people might call "lies", unless proof is offered.
They "really could be" a lot of things....transparent, no.

Quote from: Genesis website
We are heavily investing in the best available hardware to stay at the edge of technology.

Like what? Semi obsolete product from a bankrupt company?

Extraordinary Claims require Extraordinary Evidence
Zeta0S
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June 15, 2016, 04:28:39 PM
 #4238

What is genisis total hashrate? why are they not solo mining?



Join over 200.000 people with the world’s leading hashpower provider

How do they know that?


a certain degree of exaggeration is permitted whit advertisement.  
Look ad detergents they say always they are the best and the worst smudge will go away.

I totally do not bother me Genesis Mining say they are the biggest, and in cloudmining they really could be the biggest provider.


Yeah, we're all aware that you're their No1 fan, but what you call "exaggeration" some people might call "lies", unless proof is offered.
They "really could be" a lot of things....transparent, no.

Quote from: Genesis website
We are heavily investing in the best available hardware to stay at the edge of technology.

Like what? Semi obsolete product from a bankrupt company?

Aaah, Spondoolies, they sold state of the art equipment of good quality compared to most others.
To bad this startup did not made it.  RIP Spondoolies-Tech.

tmfp you got a lot of anger inside of you, i wish i could help you.
I hope you got some one that can talk to you.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
tmfp
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June 15, 2016, 07:53:16 PM
 #4239

Lol, WOW, dare to ask a few mild, relevant questions and get Ad Hominemed as a psycho by their Number One Shill!
Way to go Zeta   Cheesy
By the way, you never thanked me for pointing out, last time you were raving about your ETH contract, how much MORE money you would have made if you just had bought the fucking coin, not given your money to Mr. Streng to mine it for you rip you off...

Edit: Thank you for your message



I repeat my reasonable questions, and a couple more besides, addressed to Genesis Mining on their self moderated thread, on the largest Bitcoin forum there is (which they visited today), expecting a reasonable response from the self proclaimed, fully transparent, cloud mining industry leader

1) What is your total hashrate?
2) What pools do you mine with?
3) Do you also solo mine?
4) Why can't we see the address to which the new coins go?
5) What equipment do you use to mine Bitcoin?
6) How have your mining plans been affected by the failure of Spondoolies?
7) How do you propose moving forward with the conjunction of the halving and 14nm competition staring you in the face?

Extraordinary Claims require Extraordinary Evidence
CjMapope
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June 15, 2016, 08:37:41 PM
 #4240


1) What is your total hashrate?
2) What pools do you mine with?
3) Do you also solo mine?
4) Why can't we see the address to which the new coins go?
5) What equipment do you use to mine Bitcoin?
6) How have your mining plans been affected by the failure of Spondoolies?
7) How do you propose moving forward with the conjunction of the halving and 14nm competition staring you in the face?


i have literally been asking them some of these questions for a year. they give generic "well we can't tell you because" excuses.
"largest hashpower provider" they CALL themselves, don't even have their own pool even?
a joke, and a bad one.  my only hope is they will just come on after mass silence and just announce their closure, save us all the calling them on their shit.

it's done Marco, close up before you end up like your friends Josh and Guy, game over.


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