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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381369 times)
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bitcoinjess
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July 24, 2014, 01:32:55 AM
 #661

I'm a little miffed at Genesis at the moment.  

I tried to buy a 2 Ghash contract with the promo code, and although the price changed at the order page, reflecting the discount, at the invoice the price went way up! (From 0.191 to 0.287!)

Thinking I would get rebated the difference, I sent 0.287 BTC from another site, stupidly not realizing that the .001 fee would be deducted, and so I only paid 0.286 on the invoice.

So I repeated the process, correctly, and again the price went up between order and invoice. But this time I sent the BTC correctly and I have one 2 Ghash contract.

BUT!  I overpaid 0.096 BTC for that one, and I haven't seen or heard a word about my missing 0.286 BTC.  The first order's status indicates "Declined" and that's it. I emailed and also opened a ticket with no response.

I feel I am owed 0.382 BTC! It would be nice if someone at least answered emails.
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JennaK
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July 24, 2014, 01:39:21 AM
 #662

What a crappy ROI
Genesis-Mining
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July 24, 2014, 04:54:36 AM
 #663

I'm a little miffed at Genesis at the moment.  

I tried to buy a 2 Ghash contract with the promo code, and although the price changed at the order page, reflecting the discount, at the invoice the price went way up! (From 0.191 to 0.287!)

Thinking I would get rebated the difference, I sent 0.287 BTC from another site, stupidly not realizing that the .001 fee would be deducted, and so I only paid 0.286 on the invoice.

So I repeated the process, correctly, and again the price went up between order and invoice. But this time I sent the BTC correctly and I have one 2 Ghash contract.

BUT!  I overpaid 0.096 BTC for that one, and I haven't seen or heard a word about my missing 0.286 BTC.  The first order's status indicates "Declined" and that's it. I emailed and also opened a ticket with no response.

I feel I am owed 0.382 BTC! It would be nice if someone at least answered emails.


Hi Jess,

your ticket has just been replied to.
As Marco stated before, sorry for delays that may occure, but we answer all tickets!

Best regards
Jan

Genesis-Mining
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July 24, 2014, 04:57:08 AM
 #664

The new coin poll is live at https://apps.facebook.com/my-polls/coinpoll

Vote the next currency to add!

JennaK
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July 24, 2014, 04:59:24 AM
 #665

2 Mh/s For 158 USD
It would take me 181 Days to make my money back
and thats if nothing happened to the market..
What a scam
hyoung
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July 24, 2014, 07:56:06 AM
 #666

2 Mh/s For 158 USD
It would take me 181 Days to make my money back
and thats if nothing happened to the market..
What a scam
Other things remaining equal, that leaves you 184 days of pure profit for your one year contract.  You try getting anything remotely close to that on a bank deposit.  That's hardly a scam in my book !!!
hyoung
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July 24, 2014, 08:21:47 AM
 #667

The new coin poll is live at https://apps.facebook.com/my-polls/coinpoll

Vote the next currency to add!

What about offering support for SHA-3 coins that are currently GPU only with no ASIC support yet.  MaxCoin would be an obvious example.  There's a cudaminer version with SHA-3 / Keccak support.  It flies on a decent GPU rig.
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July 24, 2014, 08:31:57 AM
 #668

The new coin poll is live at https://apps.facebook.com/my-polls/coinpoll

Vote the next currency to add!

What about offering support for SHA-3 coins that are currently GPU only with no ASIC support yet.  MaxCoin would be an obvious example.  There's a cudaminer version with SHA-3 / Keccak support.  It flies on a decent GPU rig.

I think most, if all of the GPUs in GM's farms are all AMD GPUs, so not sure if it would be as profitable or not, although Nvidia 750Ti's are pretty cheap and might be an option to set up rigs with those specifically to mine X13 and Keccak algos as they are pretty energy and heat efficient and give out better hashrates than the AMD cards, that are also double the price.

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July 24, 2014, 08:33:10 AM
 #669

I have like a more then one month experience with GM.
I bought contract with promo code and I was happy. I can say, that there is a good support I like the GM portal. I found answers to my questions here as well. I like this approach.

What I did not like is the how my investment went to the red numbers. Here is chart showing payments since beginning of my contract per 1GH/s:



I left my mining allocation on AUTO (BTC) 100% all the time.

What is your experience and can you recomend to switch from AUTO BTC to  try get back from red numbers?

Thank you
matt988
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July 24, 2014, 09:00:32 AM
 #670

I have like a more then one month experience with GM.
I bought contract with promo code and I was happy. I can say, that there is a good support I like the GM portal. I found answers to my questions here as well. I like this approach.

What I did not like is the how my investment went to the red numbers. Here is chart showing payments since beginning of my contract per 1GH/s:

https://dl.dropboxusercontent.com/u/35621236/GM_graph.gif

I left my mining allocation on AUTO (BTC) 100% all the time.

What is your experience and can you recomend to switch from AUTO BTC to  try get back from red numbers?

Thank you

I also got quite a big decline in payouts last month from 10c to 3.2c.
I tried to mine for a few days FTC but it was pretty bad so i just went back to autoBTC.

I think there are two factors why are payouts pretty bad atm, first is obvious and this is increased hashrate. The second is the fact that alts are losing vs the bitcoin bigtime. LTC was over 0.03 not that long ago it is now at 0.014 or lower.

I hope that if GM will not adjust older contracts to better hashrates that at least altcoin market will improve.

Genesis mining - discount with promo code irCK97
bitcoinjess
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July 24, 2014, 11:48:13 AM
 #671



[/quote]

Hi Jess,

your ticket has just been replied to.
As Marco stated before, sorry for delays that may occure, but we answer all tickets!

Best regards
Jan
[/quote]

Thanks for reply, Jan. I also saw that my ticket was acknowledged. Hopefully I can soon post that the issue was resolved.

As for ROI and declining payouts.. I also mine at scrypt.cc and the general complaint there is that if you bought and held your hashes you most likely have not received payouts equal to the decline in your hashes' book value, i.e. you bought hashes at 50 and they went down to 25 faster than you received 25 in payouts (obviously these are arbitrary numbers).  Also, payouts per hash there have dropped significantly. If you track the LTC/BTC ratio you will find it has SOME correlation with scrypt-mining payouts.

So arbitrarily saying that a 181-day ROI is bad is far too simplistic. First of all, no one knows if the current conditions will improve or decline. I can GUARANTEE the current conditions will not persist for 181 days (feel free to check me next January on my bold prognostication).

Secondly, good luck calculating ROI on your hardware purchase. I personally lost WAY more BTC from scam hardware vendor, but even vendors who deliver seem to miss their promised delivery dates by several difficulty-increase periods.

Thirdly, I don't know if anyone else is tracking the BTC difficulty forecast and hashrate at bitcoinwisdom.com like I am, but there are clearly BIG BIG players with over 20 Petahashes of SHA power just sitting out parts of every difficulty cycle, to game the profitability of mining vs. slowing difficulty rise.  Unless YOU, personally reading this, have 2 or 3 PETAHASHES of power at your fingertips, then realize that there are people making decisions on which you and I, the small fry, and our profits, depend.

marife01
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July 24, 2014, 02:25:56 PM
 #672

The new coin poll is live at https://apps.facebook.com/my-polls/coinpoll

Vote the next currency to add!


Nice that there will be another coin to be added soon.  Cheesy
wwhitman
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July 24, 2014, 03:06:12 PM
 #673

Excited to see Monero on there as a coin.

How is this possible as it is Cryptonote and not Scrypt?

If people are able to use all of their hash power on XMR, that would be a no-brainer of a coin to add.

If this happens, I will certainly be purchasing more from Genesis.
Mike18feb
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July 24, 2014, 04:44:32 PM
 #674

2 Mh/s For 158 USD
It would take me 181 Days to make my money back
and thats if nothing happened to the market..
What a scam
Cloud Mining will get me positive ROI but it takes freakin' longer then two weeks! SCAM!  Grin


Excited to see Monero on there as a coin.

How is this possible as it is Cryptonote and not Scrypt?

If people are able to use all of their hash power on XMR, that would be a no-brainer of a coin to add.

If this happens, I will certainly be purchasing more from Genesis.
Well, you can mine BTC as well, and that's not scrypt either. So, it's simply an exchange of the "the most profitable coins" for Bitcoin, or Darkcoin, or Monero (whatever that is, I gave up on trying to know all the coins out there)

<||=||>  Rule #1a: Never invest more then you can afford to lose. <||=||>  Rule #1b: Never invest all you can afford to lose. <||=||> 
............. Whenever someone idly claims a scam, a Bitcoin somewhere dies .............
wwhitman
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July 24, 2014, 05:12:42 PM
 #675

Both BTC and DRK aren't mined directly, but I was under the impression that the rest of the coins on their list were able to be mined directly (RDD, BC, etc.). Perhaps I am incorrect here.

Even if it is like the BTC and DRK options, I would love to have a payout in XMR at the end of the day.

fractal02
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July 24, 2014, 06:30:54 PM
 #676

My earning stat are still stuck since 2014-07-06...

Your IT boys are on this or what ?
I know i earn nothing with this crappy 360$/mhs contract (thank you for the early adopters...) but fix this asap.
ellen_me
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July 25, 2014, 05:49:25 AM
 #677

Am I the first one to notice that the price was lowered to 0.059usd per Kh/s (the opening post was modified)? I should have a price then!? Tongue

IanFoxley
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July 25, 2014, 06:24:26 AM
 #678

Am I the first one to notice that the price was lowered to 0.059usd per Kh/s (the opening post was modified)? I should have a price then!? Tongue
Nice Spot! Smiley

I think it was done a few days ago, as that was why 2MH/S went down in price to 158 USD.

Zeta0S
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July 25, 2014, 07:57:16 AM
 #679

I have made a small How to video
In English: https://www.youtube.com/watch?v=04q9TXY5kYc
In Dutch: https://www.youtube.com/watch?v=EJYovBeJrPk

I think Genesis will Launches there own pool soon, so you can point your own miner to it.

Whit Voucher code MOON you get 3% off the bill  Smiley

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
xiaogr
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July 25, 2014, 01:48:26 PM
 #680

Stay tuned for a big announcement coming soon! Smiley

Any update regarding this big Announcement.  Huh My one half wants to invest and the other wants to wait....

www.genesis-mining.com - 3% Promo Code: TRUNK_38
www.hashflare.io - 10% Discount Code: 2450E47A
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