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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381946 times)
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IanFoxley
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July 04, 2014, 02:16:48 PM
 #461

This is great news and by far the best offer I know!! I am mining since 2 month with Genesis Mining. You guys have all my trust. Gonna upgrade right now some MH and "mine" cheap DRK  Grin

Hope you use a promo code to save even more!

Here is mine if you want to use it.

CK_DISCOUNT

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martinnew
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July 04, 2014, 04:09:53 PM
 #462

Dear all,

We promised to constantly upgrade our infrastructure to the latest hardware and technology to bring the best service at the lowest possible price to our clients. Due to economies of scale and enormous growth in the last months we managed to close a deal with hardware manufacturers that significantly reduces hashpower prices to a level that has never been seen before in the market!

Now you can start from 9.4 cent per kH/s per year!

As you all know we are engaging very hard for our devoted customers to get max profit out of your hashpower and to celebrate the new prices with you, we are going to give all customers who recently bought hashpower from us a free upgrade* :

- all orders after the 1st of July will be upgraded to the new terms
- all orders of the past week (June 26th) will be upgraded by 15%
- all orders starting from June 19th will be upgraded by 8%

The hashpower upgrade should be available within the next 24 hours.

We are also working on a number of features that will be released in the next few weeks. This includes among others: additional coins, the X11 hashing algorithm, additional mining stats and an improved user interface and many more. We will send out a detailed newsletter for everybody soon!

We are looking forward to an exciting future together with you!

Happy Mining,
  Genesis Mining


(*) While we would love to upgrade all of our users to the latest hardware this is unfortunately economically not possible, as we are always operating on a very thin margin. Please understand that we are working on a mixed calculation in a fast moving market and depend on pricings of ASIC manufacturers.  

These are all good updates.  Cool
monim1
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July 04, 2014, 06:09:03 PM
 #463

I want to vote for the new coin that Genesis mining is going to add. Can anyone give me the link where i can submit my vote.
Nathan101
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July 04, 2014, 06:13:37 PM
 #464


- all orders after the 1st of July will be upgraded to the new terms
- all orders of the past week (June 26th) will be upgraded by 15%
- all orders starting from June 19th will be upgraded by 8%
What about those members who order at the starting? Will they get 100%?

It only depends on your contract start date:  19th June – 25th June: +8%,  26th June – 30th June: +15%, 1st July- today: everything will be like you would buy now. I hope this helps.

Cheers, Marco (mk)

Thanks for your information. I think you are doing a great job. Again thanks a lot.

Crypto_123
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July 04, 2014, 06:32:23 PM
 #465

I want to vote for the new coin that Genesis mining is going to add. Can anyone give me the link where i can submit my vote.

There is no permanent poll. Apparently they do polls every two or three weeks. The polls happen on facebook, so you should like the facebook page in order to be informed.
Asterdune
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July 04, 2014, 06:35:59 PM
 #466

@Monim1: There is no vote going on at the moment. You'll find it here: https://www.facebook.com/GenesisMining

@Genesis-Mining: Great Job and great Offer!

---

Incidentally: I am faithfully using promo-codes from this forum. It would be great, if you could return the favour and use mine: COOKIE_23
IanFoxley
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July 04, 2014, 06:47:32 PM
 #467

@Monim1: There is no vote going on at the moment. You'll find it here: https://www.facebook.com/GenesisMining

@Genesis-Mining: Great Job and great Offer!

---

Incidentally: I am faithfully using promo-codes from this forum. It would be great, if you could return the favour and use mine: COOKIE_23

Good idea!

If anyone has used mine in the past, please Private message me with the date etc you purchased and the hashrate, so I can look at my transaction history and then whoever was first in date order, I shall then use your promo code if you have one, as I purchase hashpower.

Thanks.


Genesis-Mining
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July 04, 2014, 11:41:38 PM
 #468

I want to vote for the new coin that Genesis mining is going to add. Can anyone give me the link where i can submit my vote.

There is no permanent poll. Apparently they do polls every two or three weeks. The polls happen on facebook, so you should like the facebook page in order to be informed.

That is correct. We want to add another coin by beginning of this week (and we think you will like our choice). After that we will come up with another poll.

Cheers, Marco (mk)


Genesis-Mining
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July 04, 2014, 11:59:56 PM
 #469

To give everyone who is interested a quick update on the topics we are currently working on (our "near term goals"):

  • upgrading the hashpower as announced for existing users - this should be ready within the next 12 hours
  • adding more information to the dashboard - as requested by our users
  • changes to the design to make the look & feel more consistent
  • we are also in the process of building another HUGE farm (our second one in Europe!)
  • a new coin should be available by next week - you will like our choice
  • we are cooperating with a hardware manufacturer which we will announce soon
  • there is also work going into the translation of our webpage in various languages
  • and hopefully we will be able to accept credit card payments soon (though there will be limitations)

There is much more on our list (incl. X11 / Darkcoin MasterNode).... we will keep the pace!

Thank you all for your ideas, feedback and support. We really appreciate it!

Cheers,
  Marco (mk)

Nathan101
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July 05, 2014, 09:43:52 AM
 #470

I want to vote for the new coin that Genesis mining is going to add. Can anyone give me the link where i can submit my vote.

 We want to add another coin by beginning of this week (and we think you will like our choice). After that we will come up with another poll.

Cheers, Marco (mk)


so this time  there is no voting option?

monim1
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July 05, 2014, 09:48:15 AM
 #471

@Monim1: There is no vote going on at the moment. You'll find it here: https://www.facebook.com/GenesisMining

I go through the link and like the official Facebook page. Thanks for your help.
ellen_me
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July 05, 2014, 09:55:21 AM
 #472

I want to vote for the new coin that Genesis mining is going to add. Can anyone give me the link where i can submit my vote.

There is no permanent poll. Apparently they do polls every two or three weeks. The polls happen on facebook, so you should like the facebook page in order to be informed.

That is correct. We want to add another coin by beginning of this week (and we think you will like our choice). After that we will come up with another poll.

Cheers, Marco (mk)



That means genesis mining will just add the coin that miners will really like, no voting for that coin. That's correct? Smiley

Genesis-Mining
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July 05, 2014, 10:53:57 AM
 #473

I want to vote for the new coin that Genesis mining is going to add. Can anyone give me the link where i can submit my vote.

There is no permanent poll. Apparently they do polls every two or three weeks. The polls happen on facebook, so you should like the facebook page in order to be informed.

That is correct. We want to add another coin by beginning of this week (and we think you will like our choice). After that we will come up with another poll.

Cheers, Marco (mk)



That means genesis mining will just add the coin that miners will really like, no voting for that coin. That's correct? Smiley

We will just add a coin (like we did for Darkcoin) and then prepare another voting session Smiley

Cheers, Marco (mk)

Daniel007
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July 05, 2014, 05:30:35 PM
 #474

I want to vote for the new coin that Genesis mining is going to add. Can anyone give me the link where i can submit my vote.

There is no permanent poll. Apparently they do polls every two or three weeks. The polls happen on facebook, so you should like the facebook page in order to be informed.

That is correct. We want to add another coin by beginning of this week (and we think you will like our choice). After that we will come up with another poll.

Cheers, Marco (mk)



That means genesis mining will just add the coin that miners will really like, no voting for that coin. That's correct? Smiley

We will just add a coin (like we did for Darkcoin) and then prepare another voting session Smiley

Cheers, Marco (mk)

I would like to know the name of the new coin. Can you please mention about it?

DoubleU
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July 05, 2014, 05:53:08 PM
 #475

With bonus hash power and new profitable coins, looks like I might break-even after all.

Or even *gasp* make some profit...  Grin

The future is not so doom and gloom. Let's hope BTC weakens a bit so we all make more profit from altcoins.

Every little bit helps. No pun intended.  Wink
vaisajne
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July 05, 2014, 10:21:13 PM
 #476

Great news and thanks for the bonus hash power. You are doing a great job by passing on the benefit to old customers whenever you are slashing your prices down.

Use code UMANO_17 for 3% discount.

monim1
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July 06, 2014, 08:26:06 AM
 #477


  • upgrading the hashpower as announced for existing users - this should be ready within the next 12 hours
i
[/list]


Is it ready now? Haven't found any announcement on this forum?
IanFoxley
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July 06, 2014, 08:34:02 AM
 #478


    • upgrading the hashpower as announced for existing users - this should be ready within the next 12 hours
    i
    [/list]


    Is it ready now? Haven't found any announcement on this forum?

    If you have an account and log in, you should notice if your hashpower has increased or not as the graphic showing you how much hashpower you have, will have changed to the new total.

    It had for me, so I am sure it has for others too.


    Bonobo
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    July 06, 2014, 10:11:28 AM
     #479

    Great news and thanks for the bonus hash power. You are doing a great job by passing on the benefit to old customers whenever you are slashing your prices down.

    Use code UMANO_17 for 3% discount.
    They are not passing on the benefit to old customers.  I am two months into a 12 month contract - am I an 'old' customer?  But I am excluded from the upgrade.  

    All you people who have just 'benefited' from the latest price drop and upgrades need to know what to expect because I know you are all, like vaisajne, feeling like you just got a great bargain.  I felt the same way two months ago when I bought my first GM contract and had it almost immediately upgraded from 4 to 9 MH/s - just like what happened last week.  That inspired me to buy another larger contract a week after the first one - I now have 59MH/s.  It felt great to have all this money coming in day after day.  I always understood that the rate of returns would drop off, but what I was not prepared for was the RATE at which they would drop off.  To put it simply the payout in BTC is roughly halving every month.  After two months I am getting less than a quarter the payout I was getting when I started.  GM announced last week that they will be bringing online a new datacenter and new ASICs.  Undoubtedly there will be much competition in the space for the foreseeable future.  I believe we can expect the monthly halving of returns to continue for some time.  I am not even going to come close to breaking even.  If I get back more than 50% of the BTC I invested  I will consider myself lucky.  

    Here is another chart.  It shows my accumulated GM payouts in pink.  The black line is an exponential which shows the break-even level.  If the pink line is above the black line I will make a profit at the end of the contract.

    http://i.imgur.com/vYam17P.jpg

    I know my opinions may not be popular with people who have just bought contracts (you will be in denial), but I am really talking to people who are on the fence, about to commit.  Think again - you will probably only get half your BTC back.  I am not saying GM is a scam.  I am just saying that the reality is that under present conditions their business model is uneconomic for us customers.  GM have stated very clearly that they will not be upgrading 'old' customers like me, so basically everybody who has a GM contract is going to lose money, at least until the network hashrate stabilises some time way in the future.  The only people who are going to make money are GM.

    All you people who are feeling smug about the 'free' upgrade you just got - you will be feeling like me in a month or two when history repeats itself - and even worse when your contract expires and you have lost half your BTC.  

    If the rate of returns suddenly improves and I turn out to be full of BS I will not only have egg on my face - I will also have a big smile on my face!  I have 18 BTC in the game.
    fractal02
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    July 06, 2014, 10:24:38 AM
     #480

    To give everyone who is interested a quick update on the topics we are currently working on (our "near term goals"):

    • upgrading the hashpower as announced for existing users - this should be ready within the next 12 hours
    • adding more information to the dashboard - as requested by our users
    • changes to the design to make the look & feel more consistent
    • we are also in the process of building another HUGE farm (our second one in Europe!)
    • a new coin should be available by next week - you will like our choice
    • we are cooperating with a hardware manufacturer which we will announce soon
    • there is also work going into the translation of our webpage in various languages
    • and hopefully we will be able to accept credit card payments soon (though there will be limitations)

    There is much more on our list (incl. X11 / Darkcoin MasterNode).... we will keep the pace!

    Thank you all for your ideas, feedback and support. We really appreciate it!

    Cheers,
      Marco (mk)


    For early adopters..this is not very cool...  Undecided
    We invest at high price, trusted Genesis-mining and we haven't nothing in return...
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