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May 13, 2017, 11:53:35 AM
Last edit: May 13, 2017, 01:17:00 PM by Icon |
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So genesis, were is my ltc/zec payouts, not gotten any payouts or anything showing on payouts page since the 10th of May....
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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May 13, 2017, 11:55:41 AM
Last edit: May 13, 2017, 01:17:49 PM by Icon |
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You got a problem with zec mining allocation, setting mine to eth payouts and saving, just to have it reset to zec payouts 100%  Icon Delisted the following coins from our mining portfolio: CURE, START and ZET. ... and that has what to do with the zec auto resetting bug? |
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Rogerdale
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May 13, 2017, 12:04:16 PM |
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So genesis, were my ltc payout, not got any payouts or anything showing on payouts page since the 10 of may....
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I also got nothing from them for yesterday. Looks like they are getting scammed... They have to pay more and more each day with these alts going up. If they sold more contracts than they have miners, they can easily turn into a scam. |
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skyline_king
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May 13, 2017, 01:49:01 PM |
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So genesis, were my ltc payout, not got any payouts or anything showing on payouts page since the 10 of may....
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I also got nothing from them for yesterday. Looks like they are getting scammed... They have to pay more and more each day with these alts going up. If they sold more contracts than they have miners, they can easily turn into a scam. if this turns scam this might be a big blow to crypto |
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brobbel
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May 13, 2017, 02:32:39 PM |
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I didn't receive payment for May 11 also. I do have several accounts with several sort of contracts. But hey, it's only one day. Contact their support and wait for their explanation. It's very early to say they are scamming now. Maybe they are attacked: http://money.cnn.com/2017/05/13/technology/ransomware-attack-nsa-microsoft/ Maybe there is only a minor delay. The only thing is: it would be much nicer if they send all customers a message with reason of the delay. EDIT: I contacted support, and almost immediately received a response: thank you for contacting us.
We are having a delay in the payouts for the mining day May 11th.
As you know, you usually receive a payment within 24 hours after each mining day (a mining day runs from 00:00 to 23:59:59 in UTC time) but since have a lot of checks and scripts running, sometimes the time between two payouts can (and will) be longer than 24 hours but the opposite that, it can also be shorter than 24 hours. This is why you don't have to worry, you will receive a payout for each mining day. Also, keep in mind that Mining day date in My payouts refers to the mining day that passed, not the date of the payout.
Your mining carries on as normal as your earnings will not be affected by this.
We apologize for the inconvenience and thank you for your patience.
Best regards,
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Zeta0S
Legendary
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Activity: 1890
Merit: 1031
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June 08, 2017, 01:50:44 AM |
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Shattered
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June 10, 2017, 12:17:59 AM |
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Well, after a pretty long vacation from crypto.....im back to look into increasing my hashpower with Genesis.
After reading a few of the recent posts in this thread tho, im skeptical.
If anyone else can stop in here and post any recent good news or bad news they have had, i would certainly appreciate it.
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altertrader
Newbie
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Activity: 29
Merit: 0
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June 14, 2017, 07:31:09 AM |
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I'm with you, testing only 2TH on bitcoin
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steampunkz
Sr. Member
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Activity: 1162
Merit: 268
50% bonus on your First Topup
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June 14, 2017, 10:32:59 AM |
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Hello sir. Its been 30+ days since may last payout? My email address in genesis mining is steampunks143@gmail.com |
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promomei
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June 17, 2017, 08:23:21 AM |
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well i wanted to invest here (((( but see payments are going slower and slower - I hope its not gonna be scam
Thank you guys to make my decision
Not investing to genesis
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jafarjj
Newbie
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Activity: 3
Merit: 0
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June 23, 2017, 07:45:28 PM |
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why genesis mining team dont follow tigercoin and peercoin for sha-256?
this is very profitable for all..
think it...
thanks...
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Zeta0S
Legendary
Offline
Activity: 1890
Merit: 1031
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June 23, 2017, 10:38:04 PM |
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why genesis mining team dont follow tigercoin and peercoin for sha-256?
this is very profitable for all..
think it...
thanks...
That would be a nice mine allocation option indeed. |
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guclu
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July 01, 2017, 11:28:59 PM |
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I see everyone complaining about the impossibility of reaching ROI with genesis mining but when I calculated their prices and fees (for btc at least), it always turns out to be around 7,5 months with the current btc price and difficulty. Say I buy 100th/s btc hash, and pay $13k for it. Also pay fee of $0.00028 per mh/day. The daily fee would be: $28 Monthly fee: $840 As of today, 100th/s would pay $2564 2564 - 840 = $1724 profit per month $13000 / $1724 = 7,54 months Amd since this is an open contract, if things go in a similar fashion for 16 more months (I added up to 2 years roughly like their other contracts), you should make at least $25k. Yes, the difficulty will rise but so will the btc price probably. So you might profit even more... or maybe a "little" less. Now could someone please explain me if I am not seeing something important here? If this calculation is correct, I actually wouşd prefer to rise my th/s to 200 in the next 7 months instead of returning my investment  I could get that back in the next 3 anyways.. right? |
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brobbel
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July 02, 2017, 04:39:49 AM |
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Amd since this is an open contract, if things go in a similar fashion for 16 more months (I added up to 2 years roughly like their other contracts), you should make at least $25k. Yes, the difficulty will rise but so will the btc price probably. So you might profit even more... or maybe a "little" less. Now could someone please explain me if I am not seeing something important here? If this calculation is correct, I actually wouşd prefer to rise my th/s to 200 in the next 7 months instead of returning my investment I could get that back in the next 3 anyways.. right? Look at the sentence I highlighted. Difficulty will rise (certainty), so will btc price probably (I guess so). But history shows that difficulty is rising (much!) faster then btc price. |
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guclu
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July 02, 2017, 07:52:41 AM |
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Amd since this is an open contract, if things go in a similar fashion for 16 more months (I added up to 2 years roughly like their other contracts), you should make at least $25k. Yes, the difficulty will rise but so will the btc price probably. So you might profit even more... or maybe a "little" less. Now could someone please explain me if I am not seeing something important here? If this calculation is correct, I actually wouşd prefer to rise my th/s to 200 in the next 7 months instead of returning my investment I could get that back in the next 3 anyways.. right? Look at the sentence I highlighted. Difficulty will rise (certainty), so will btc price probably (I guess so). But history shows that difficulty is rising (much!) faster then btc price. So you think difficulty will increase so fast that ROI would never be 7.5 months... Yeah it probably won't. If btc won't rise incredibly at least. But you will eventually get there right? Say 12 months then... From then on, wouldn't every month be a profit of like $1000 at least with the investment already paid? I am having difficult time figuring if it is better to jump right in as soon as possible or best to stay out of it. I don't want to miss these prices as they won't be dropping them lower as the difficulty goes higher, and earn as much as I can while the difficulty is around at this level... but it still might not be profitable at all if I can't get my investment back quickly.  |
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brobbel
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July 02, 2017, 08:10:54 AM |
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So you think difficulty will increase so fast that ROI would never be 7.5 months... Yeah it probably won't. If btc won't rise incredibly at least. But you will eventually get there right? Say 12 months then... From then on, wouldn't every month be a profit of like $1000 at least with the investment already paid? I am having difficult time figuring if it is better to jump right in as soon as possible or best to stay out of it. I don't want to miss these prices as they won't be dropping them lower as the difficulty goes higher, and earn as much as I can while the difficulty is around at this level... but it still might not be profitable at all if I can't get my investment back quickly. I have never heard of anybody reaching ROI with the SHA256 mining contracts of Genesis Mining - that doesn't mean it is impossible, but it shows that the chances are low. I bought second hand contracts for much less, so I was able to reach ROI. I also have hashrate at Hashflare.io and there I can confirm that ROI can be reached, although after quite some time. The big difference: the cost for maintenance and electricity is fixed for Genesis Mining contracts, so older contracts have higher maintenance cost then newer contracts - but at Hashflare when these costs were lowered everybody had benefit from that. Dash (X11) and Ethercontracts seems much better, although only for 2 years. |
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guclu
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July 02, 2017, 08:55:10 AM |
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I have never heard of anybody reaching ROI with the SHA256 mining contracts of Genesis Mining - that doesn't mean it is impossible, but it shows that the chances are low. I bought second hand contracts for much less, so I was able to reach ROI.
I also have hashrate at Hashflare.io and there I can confirm that ROI can be reached, although after quite some time. The big difference: the cost for maintenance and electricity is fixed for Genesis Mining contracts, so older contracts have higher maintenance cost then newer contracts - but at Hashflare when these costs were lowered everybody had benefit from that.
Dash (X11) and Ethercontracts seems much better, although only for 2 years.
Hmmm... I just checked hashflare and yeah their prices are lower at the moment. But they seem to have a little higher maintenance fee. It's like this at the moment: FOR 100 TH/s Genesis Price: $13,000 Maintenance: $28 Monthly ($0.00028 per GH/s / day) Hashflare Price: $12,000 Maintenance: $35 Monthly ($0.0035 per 10GH/s day) But if you say their maintenance prices are lowered from time to time, and considering their current base prices, I am inclined to choose them of course. I actually wanted to mine LTC for some time now, but the prices in hashflare are ridiculous for scrypt. An L3+ equivalent adds up to $6800! Though only $5 maintenance for that and proift of $1300 /month currently. It still might be more beneficial than btc mining. (edit: yet we are to see the difficulty rise with bitmain batches delivered in the coming 2 months now  ) Oh, I'm totally lost... |
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