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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 384095 times)
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Genesis-Mining
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October 06, 2016, 12:54:17 PM
 #4401

Hello miners, in this case especially the Ethereum miners,

As you may know the Ethereum network is under attack, see https://www.reddit.com/r/ethereum/comments/55s085/geth_nodes_under_attack_again_we_are_actively and perhaps subsequently https://www.reddit.com/r/ethereum/comments/561nrr/gavin_wood_calls_for_hardfork

Under the current circumstances we will not send out Eth payments to your wallet but instead keep them in balance. Normal payouts will resume as soon as we think it is safe enough to do so, but not before. Hopefully this situation will be resolved soon.

Thank you for understanding!

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biggbox
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October 06, 2016, 03:04:24 PM
 #4402

So far, genesis seems ok. Not great, but ok.

I have a contract with them and they pay me daily exactly like the estimation I'm making.

Their fee for BTC mining is $0.0004 per GH/s. It seems a little bit high because one of their strong arguments is: "cheap electricity". Anyway, if you include all the costs, it may be a reasonable price for the fee from their point of view (they have to make a profit as well....like...millions of dollars)




Their profit comes from maintenance fees (from their perspective, they collect in satoshis), then consolidate the fees, and do trading. If there are extra mining power, they keep the mining rewards for themselves

Otherwise how do GM maintain and upkeep the whole team? It's a massive corporation.


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Genesis-Mining
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October 06, 2016, 04:06:47 PM
 #4403

Hello miners,


We are proud to announce that you can now pre-order Zcash Mining!

The pricing for our Equihash contracts is as follows :

  • Our Starter packages start at : 0.1 H/s for USD $ 29
  • The Advanced packages start at : 1 H/s for USD $280
  • The Professional packages are available from :  10 H/s for USD $ 2600

This offer is for 1 year of mining (without additional maintenance fee)

For more information on ZCash, please visit our Altcoin Report blog :  http://blog.genesis-mining.com/the-altcoin-report-3-zcash
For our pricing page and ordering, please visit : https://www.genesis-mining.com/pricing


The actual mining will start at Zcash mining launch on 28th October 2016, if all developments go as planned (see note below!). On the mining allocation page you can already set which payout you wish to receive once the mining starts. By default the allocation is set to BTC(AUTO), but other options are ETH(AUTO) and of course ZEC. You can choose any one of those, or set a percentage for each.



The supply is limited so do not wait too long if you want to get in early!



Happy mining!

Your Genesis Mining Team



Note:
It is important to note that Zcash is a young technology, and no GPU miner exists for it at this time. Genesis Mining is working hard to provide a GPU version in time to allow you to mine at the highest efficiency possible. In the unlikely event that Genesis Mining is not able to deliver the promised hashrate two weeks after expected Zcash mining start (28th of October 2016), you will be eligible for a full refund. We are very confident that we will deliver in time so that you can start mining from day 1. In addition, we will ensure that your leased GPU will mine with the best possible algorithm available at the mining start date and we expect that we will ultimately deliver a higher hashrate than currently advertised here.


iklajo
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October 07, 2016, 08:20:48 AM
 #4404

Hello miners,


We are proud to announce that you can now pre-order Zcash Mining!

The pricing for our Equihash contracts is as follows :

  • Our Starter packages start at : 0.1 H/s for USD $ 29
  • The Advanced packages start at : 1 H/s for USD $280
  • The Professional packages are available from :  10 H/s for USD $ 2600

This offer is for 1 year of mining (without additional maintenance fee)

For more information on ZCash, please visit our Altcoin Report blog :  http://blog.genesis-mining.com/the-altcoin-report-3-zcash
For our pricing page and ordering, please visit : https://www.genesis-mining.com/pricing


The actual mining will start at Zcash mining launch on 28th October 2016, if all developments go as planned (see note below!). On the mining allocation page you can already set which payout you wish to receive once the mining starts. By default the allocation is set to BTC(AUTO), but other options are ETH(AUTO) and of course ZEC. You can choose any one of those, or set a percentage for each.



The supply is limited so do not wait too long if you want to get in early!



Happy mining!

Your Genesis Mining Team



Note:
It is important to note that Zcash is a young technology, and no GPU miner exists for it at this time. Genesis Mining is working hard to provide a GPU version in time to allow you to mine at the highest efficiency possible. In the unlikely event that Genesis Mining is not able to deliver the promised hashrate two weeks after expected Zcash mining start (28th of October 2016), you will be eligible for a full refund. We are very confident that we will deliver in time so that you can start mining from day 1. In addition, we will ensure that your leased GPU will mine with the best possible algorithm available at the mining start date and we expect that we will ultimately deliver a higher hashrate than currently advertised here.




I guess it's time to get me some Zcash hashpower  Smiley

Get a 3% discount on all new contracts @ Genesis Mining (https://www.genesis-mining.com/a/19841) with promo code : 05PaSf
bittamak
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October 09, 2016, 09:54:14 AM
 #4405

Though its good to see ZCash getting ready for mining, since there is too much hype and lots are going to get involved in the mining, interesting to see how the coin is going to fare after its launch as without that its difficult to predict the ROI
arcathomas
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October 09, 2016, 03:32:26 PM
 #4406

I bought 2.5 MH in x11 to mine XMR, it should be giving me 3800$ per day at that rate...
The point is i have a lot less that 3800$ per day so i suppose XMR mining is not the actually 2.5 MH that they promise me..
https://www.cryptocompare.com/mining/calculator/xmr Just type 2.5MH to see.
Roquene
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October 09, 2016, 10:02:20 PM
 #4407

I bought 2.5 MH in x11 to mine XMR, it should be giving me 3800$ per day at that rate...
The point is i have a lot less that 3800$ per day so i suppose XMR mining is not the actually 2.5 MH that they promise me..
https://www.cryptocompare.com/mining/calculator/xmr Just type 2.5MH to see.

XMR is not X11. It's CryptoNight.

And just to understand you correctly,
you bought hashrate worth $20
and expect to earn $3800 per Day?

Is that a joke?
Reiva
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October 12, 2016, 04:19:53 PM
 #4408

I bought 2.5 MH in x11 to mine XMR, it should be giving me 3800$ per day at that rate...
The point is i have a lot less that 3800$ per day so i suppose XMR mining is not the actually 2.5 MH that they promise me..
https://www.cryptocompare.com/mining/calculator/xmr Just type 2.5MH to see.

XMR is not X11. It's CryptoNight.

And just to understand you correctly,
you bought hashrate worth $20
and expect to earn $3800 per Day?

Is that a joke?

In relation to that, can somebody explain how to calculate x11 contract profitability with coins, Genesis-Mining is provided to mine?
Is it possible to do with this site http://www.coinwarz.com/cryptocurrency ? If so, what do I enter in electricity and power consumption fields?
Genesis-Mining
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October 12, 2016, 04:43:35 PM
 #4409

Hello Miners!

In our previous Zcash announcement we mentioned that we expected hashrate efficiency to improve as we worked to prepare for the launch. After days of hard work we’re glad to announce that our efforts on the Zcash mining software has been successful and we have tripled the Zcash hashpower of every user that had already obtained a contract, at no cost to the user!

Due to high demand we cannot guarantee to keep sales open until launch anymore, but we will do everything to ramp up new capacities as quickly as possible. If you want to start mining Zcash from Day 1 then it’s best to join now!

We’ve also updated the contract pricing respectively and you are now able to get three times as much hashrate for the old prices! We still have a few weeks before the Zcash launch on 28th October 2016 and we’re working hard on further optimizations so that you can mine Zcash with maximum performance right from the start! We will let you know as we make further improvements.


For more information on ZCash, please visit our Altcoin Report blog :  http://blog.genesis-mining.com/the-altcoin-report-3-zcash
For our pricing page and ordering, please visit : https://www.genesis-mining.com/pricing


--

Your Genesis Mining Team

Zeta0S
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October 12, 2016, 05:06:46 PM
 #4410

Hello Miners!

In our previous Zcash announcement we mentioned that we expected hashrate efficiency to improve as we worked to prepare for the launch. After days of hard work we’re glad to announce that our efforts on the Zcash mining software has been successful and we have tripled the Zcash hashpower of every user that had already obtained a contract, at no cost to the user!

Due to high demand we cannot guarantee to keep sales open until launch anymore, but we will do everything to ramp up new capacities as quickly as possible. If you want to start mining Zcash from Day 1 then it’s best to join now!

We’ve also updated the contract pricing respectively and you are now able to get three times as much hashrate for the old prices! We still have a few weeks before the Zcash launch on 28th October 2016 and we’re working hard on further optimizations so that you can mine Zcash with maximum performance right from the start! We will let you know as we make further improvements.


For more information on ZCash, please visit our Altcoin Report blog :  http://blog.genesis-mining.com/the-altcoin-report-3-zcash
For our pricing page and ordering, please visit : https://www.genesis-mining.com/pricing


--

Your Genesis Mining Team


Thanks for the upgrade!
 Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Reiva
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October 12, 2016, 05:09:45 PM
 #4411

I bought 2.5 MH in x11 to mine XMR, it should be giving me 3800$ per day at that rate...
The point is i have a lot less that 3800$ per day so i suppose XMR mining is not the actually 2.5 MH that they promise me..
https://www.cryptocompare.com/mining/calculator/xmr Just type 2.5MH to see.
It could be right, if we could know estimated consumption of power, that each GPU take and electricity price per KW/h, that is provided to datacentre. But who can provide such information? Huh
Roquene
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October 13, 2016, 06:31:08 AM
 #4412

I bought 2.5 MH in x11 to mine XMR, it should be giving me 3800$ per day at that rate...
The point is i have a lot less that 3800$ per day so i suppose XMR mining is not the actually 2.5 MH that they promise me..
https://www.cryptocompare.com/mining/calculator/xmr Just type 2.5MH to see.
It could be right, if we could know estimated consumption of power, that each GPU take and electricity price per KW/h, that is provided to datacentre. But who can provide such information? Huh

The X11 Contracts at Genesis have no Fee. So no need to enter this details in the calculator.
So 2.5 MH/s X11 for $20 would earn you around $0.04 / Day. ROI in around 500 Days.

Contract run for 2 years = 730 Days.
So you have 230 Days of Profit. That's $9.20.

If $9.20 Profit after 2 Years are okay for you, go for it.

Or buy hashrate for $400. Would be around $150 profit.

As usual, i don't include in/decreasing difficulty and price trends in the calculation.
So this could go high up or crash horrible. It's more or less gambling.

Most 'Cloud Miner' have a Fee per GH/s per day. Here you can also set the values in the calculator to zero
and deduct the fees from the result.


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October 13, 2016, 11:42:15 PM
 #4413

Hey Genesis Mining, with your big update on the zcash seems you forgot to mention that you removed btc auto conversion, meaning we are stuck with zcash payouts only!

Now that's a big update..

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Genesis-Mining
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October 14, 2016, 09:37:38 PM
 #4414

We may add BTC AUTO conversion (and perhaps others as well) at a later time to the Zcash Mining Allocation section. For the launch of Zcash mining, it will be Zcash payout only.

The launch period in itself will be exciting enough, and making sure we have the best possible Zcash mining build-out available by then is priority one. We are building the mining facilities as we speak, we are also still working on the mining software to see if we can improve that even further then we already have so far. Adding even more options around all this in the form of BTC AUTO option does not have top priority right now. But it should not be too hard finding exchanges yourself as even before the launch Zcash is already quite popular, which makes it interesting for exchanges to offer a Zcash market. You can be sure though that we will be looking at AUTO options again and decide then.

hiddensphinx
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October 17, 2016, 01:48:22 AM
 #4415

anyone got a link to a calculator for Zcash ROI?

Roquene
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October 17, 2016, 06:10:47 AM
 #4416

anyone got a link to a calculator for Zcash ROI?

As far as i see Zcash is not traded yet, so there is no price to calculate with. Genesis is on October 28th.
But for the future is here a calculator: https://www.nicehash.com/?p=calc&name=

Zcash algorithm is Equihash

Current ROI would be 5378424 Days  Grin
Which of course is nonsense.

It's to early to say where the journey goes.
Danz0r77
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October 17, 2016, 11:04:57 AM
 #4417

Hey guys

Is there any reason my Ethereum payouts have stopped coming in since 10th October? My contracts are still valid.. Thanks

CjMapope
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October 17, 2016, 11:10:06 AM
 #4418

Hey guys

Is there any reason my Ethereum payouts have stopped coming in since 10th October? My contracts are still valid.. Thanks

idk, what to tell you, join the "100,000 satisfied investors"   who all had same experience months ago your describing now :/

funny part, is people think this zcash will be different

myself? fool me once, shame on you, but fool me twice... NOPE!


~Shoucheng Zhang is Satoshi Tongue
~Open Source is just another buzzword if you cant read the code
https://hiveos.farm?ref=2469
Zeta0S
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October 17, 2016, 09:14:05 PM
 #4419

Hey guys

Is there any reason my Ethereum payouts have stopped coming in since 10th October? My contracts are still valid.. Thanks


https://twitter.com/GenesisMining/status/784070503006932992

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Genesis-Mining
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October 17, 2016, 09:36:51 PM
 #4420

If you log in on our site you can see the Ethereum notice on your Dashboard about the Ethereum network. The Ethereum network has been under attack for some time now, which is why we do not send out Eth payments currently. Mined coins will be kept in balance.  In the mean time the Eth developers have planned another hard fork, see https://blog.ethereum.org/2016/10/13/announcement-imminent-hard-fork-eip150-gas-cost-changes. If all turns out to be safe then we will release the mined Eth to the wallets again.




In other news:
Just last week we tripled the hashpower for every single one of our Zcash customers at no cost to the user! Today, we are glad to announce that we did it again and doubled the hashrate of our mining rigs! That means we now increased the hashpower already by a factor of 6 since our offer launched and are updating the prices respectively.

Our team is working day and night to ramp up more capacity and expand our operation. We are doing everything we can, but given the current demand we can not guarantee to keep the sales open until the launch so we advise joining soon for those interested in a contract before the launch.

If you have already purchased an account, you will see the upgrade soon if not already! If you'd like to buy a contract head over to https://www.genesis-mining.com/pricing

Thanks for your support!

--

Your Genesis Mining Team

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