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ellen_me
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May 20, 2014, 02:15:25 PM |
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Big update!
- Added the user poll for the next weeks coin additions
- Added a pic of us at the Bitcoin Conference Amsterdam 2014
- Updated the FAQ with recent questions
- Media coverage updated with the Bitcoin Conference Amsterdam 2014 Interview with Jan
Vote the next coins to be added!
I really like this idea.  |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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aasl
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May 20, 2014, 02:50:10 PM |
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if let users specify their preferred pools, it seems to be much better and more flexible.
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IanFoxley
Legendary
 Offline
Activity: 910
Merit: 1000
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May 20, 2014, 03:04:49 PM |
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Just wanted to say thanks to Genesis Mining and their great support. I purchased 1Mhash one evening and the next day the price had fallen slightly. I contacted their support team and they have dealt with it superbly, with an upgrade of 800khash, which was above and beyond what I was expecting. Was a lovely surprise. Thanks Genesis Mining. You guys are great!  |
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aasl
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May 20, 2014, 03:18:33 PM |
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Just wanted to say thanks to Genesis Mining and their great support. I purchased 1Mhash one evening and the next day the price had fallen slightly. I contacted their support team and they have dealt with it superbly, with an upgrade of 800khash, which was above and beyond what I was expecting. Was a lovely surprise. Thanks Genesis Mining. You guys are great! good! |
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Genesis-Mining (OP)
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May 21, 2014, 11:19:10 AM |
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You can mine LTC or doge directly but you can also set it to mine, a bit like a multipool, where it will mine the most profitable scrypt coins and then pay you each day as BTC.
Today I had an update to the interface so I can also choose to allocate hash power to Lotto Coins, Feather Coins, Auroracoins as well if you just want to mine those.
Wait, so the automatic mode is a multipool with more coins? I was under the impression it just meant it would mine either LTC or DOGE, depending on which was more profitable at the time. If you choose the BTC mode, then they mine the most profitable scrypt coins on your behalf and then each day they send you that as a BTC payment. But it works a bit like a multipool, in that they mine those coins and then each day will convert it to BTC and then send you that as a payment. Then you have options to choose if you just want to mine Doge, LTC, Auroracoin, FTC etc and you can assign your hash to each. So for example I could choose to have 300khash on Doge, 200khash on LTC and then the rest on Auroracoin for example. Whatever suits a person best really. More info about coins etc that will be added in this interview. http://www.cryptoarticles.com/crypto-news/2014/5/18/genesis-mining-start-mining-for-as-low-as-14-cents-per-kilohash-bitcoin-2014-interview#Thank you for clarifying this IanFoxley! It's in fact a 3rd generation multipool! I found a picture from a talk of our CEO given at the Amsterdam Bitcoinference 2 months ago that briefly shows the idea behind the system:  As you can see we are using portfolio optimization and advanced trading algorithms to mine the most profitable altcoin portfolio every time and liquidate it for best prices and execution time to bitcoin. Since the past 2 weeks a lot has improved and we are launching the same automine and autotrade functionality for Litecoin and Dogecoin as payout as well. In these scenarios you will mine the most profitable portfolio of altcoins and liquidate it to Litecoin or Dogecoin respectively. We will soon explain this in more detail since there are tutorials coming soon on the homepage! Stay tuned! |
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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May 21, 2014, 11:31:59 AM |
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Cool |
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ellen_me
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May 21, 2014, 01:44:32 PM |
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Just wanted to say thanks to Genesis Mining and their great support. I purchased 1Mhash one evening and the next day the price had fallen slightly. I contacted their support team and they have dealt with it superbly, with an upgrade of 800khash, which was above and beyond what I was expecting. Was a lovely surprise. Thanks Genesis Mining. You guys are great! Nice, keep it up.  |
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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May 21, 2014, 07:37:39 PM |
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As you can see we are using portfolio optimization and advanced trading algorithms to mine the most profitable altcoin portfolio every time and liquidate it for best prices and execution time to bitcoin.
Since the past 2 weeks a lot has improved and we are launching the same automine and autotrade functionality for Litecoin and Dogecoin as payout as well. In these scenarios you will mine the most profitable portfolio of altcoins and liquidate it to Litecoin or Dogecoin respectively.
We will soon explain this in more detail since there are tutorials coming soon on the homepage! Stay tuned!
This is awesome news! Can you also add an "average" earning per 24h/7d period on the site? Like for DOGE it would show about how much you'd have earned over the past day/week if you had bought a contract of 1 MH/s. It would help better evaluate the decision of buying one. |
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jdebunt
Legendary
Offline
Activity: 1596
Merit: 1010
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May 22, 2014, 09:30:23 AM
Last edit: May 22, 2014, 11:12:53 AM by jdebunt |
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aasl
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May 22, 2014, 12:14:13 PM |
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this is great!
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martinnew
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May 22, 2014, 02:45:01 PM |
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Those updates are good additions.
It will be interesting to know which coins are getting more votes. Any update about that?
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aasl
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May 22, 2014, 04:49:15 PM |
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genesis-mining is registered/located in bermuda? according to the user agreement, the address is
Genesis Mining LTD, 3rd Floor, Par La Ville Place, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda
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Genesis-Mining (OP)
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May 22, 2014, 05:34:52 PM |
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As you can see we are using portfolio optimization and advanced trading algorithms to mine the most profitable altcoin portfolio every time and liquidate it for best prices and execution time to bitcoin.
Since the past 2 weeks a lot has improved and we are launching the same automine and autotrade functionality for Litecoin and Dogecoin as payout as well. In these scenarios you will mine the most profitable portfolio of altcoins and liquidate it to Litecoin or Dogecoin respectively.
We will soon explain this in more detail since there are tutorials coming soon on the homepage! Stay tuned!
This is awesome news! Can you also add an "average" earning per 24h/7d period on the site? Like for DOGE it would show about how much you'd have earned over the past day/week if you had bought a contract of 1 MH/s. It would help better evaluate the decision of buying one. Good Point! Thank you! You will see this update soon! So far all users can see every past payout in their "Transactions" window! |
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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May 22, 2014, 05:39:17 PM |
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As you can see we are using portfolio optimization and advanced trading algorithms to mine the most profitable altcoin portfolio every time and liquidate it for best prices and execution time to bitcoin.
Since the past 2 weeks a lot has improved and we are launching the same automine and autotrade functionality for Litecoin and Dogecoin as payout as well. In these scenarios you will mine the most profitable portfolio of altcoins and liquidate it to Litecoin or Dogecoin respectively.
We will soon explain this in more detail since there are tutorials coming soon on the homepage! Stay tuned!
This is awesome news! Can you also add an "average" earning per 24h/7d period on the site? Like for DOGE it would show about how much you'd have earned over the past day/week if you had bought a contract of 1 MH/s. It would help better evaluate the decision of buying one. Good Point! Thank you! You will see this update soon! So far all users can see every past payout in their "Transactions" window! Thank you as well. Just to confirm, the one I was talking about would be public (for non-members) as well. More or less so we could hit the site and say "hmm, over the past week it would have pulled 25000 DOGE. Time to buy up some contracts!" |
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Genesis-Mining (OP)
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May 22, 2014, 05:40:41 PM |
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genesis-mining is registered/located in bermuda? according to the user agreement, the address is
Genesis Mining LTD, 3rd Floor, Par La Ville Place, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda
Yes, thats right! We chose Bermuda because of 0% VAT which allows us to offer such cheap prices to our clients! |
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aasl
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May 23, 2014, 12:21:13 AM |
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genesis-mining is registered/located in bermuda? according to the user agreement, the address is
Genesis Mining LTD, 3rd Floor, Par La Ville Place, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda
Yes, thats right! We chose Bermuda because of 0% VAT which allows us to offer such cheap prices to our clients! 0% of VAT is nice! |
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Daniel007
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May 23, 2014, 04:07:36 AM |
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good to have a vote!
If you follow them on Facebook and like their page then you can view their posts and also keep up to date etc. They have a poll up on Facebook at the moment allowing you to vote on which coins to add next. Just like their page on Facebook. It seems they are active on Facebook. I also voted for my favorite coin that i want to add. |
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marife01
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May 23, 2014, 01:43:01 PM |
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At the moment its best to contact us via email, we are still enhancing the customer service side of our operations.
Prices dropped! Start mining at 0.14usd per Kh/s per year!
Existing customers got compensation hashpower on top - for free!
Nice, online chatting would be great in my opinion. Also good to know the price dropped. |
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chinchs
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May 23, 2014, 04:06:04 PM |
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Do you any ETA for CC payments? would like to purchase with VISA or MasterCard.
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aasl
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May 23, 2014, 04:47:05 PM |
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credit card payment is very attractive.
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