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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 382046 times)
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wwhitman
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July 25, 2014, 02:25:41 PM
 #681

I made a substantial purchase (at least for my budget) of a Genesis Mining contract a little over a month ago. I invested about 6.6 bitcoins (at the time I believe the exchange rate was @600). A few weeks later the same contract would have cost 4.8 bitcoins (when the price decreased). I was just outside the cusp of those who received upgraded hashpower as well.

But I'm not here to complain. I'm here to try to figure out how to best use my remaining time with Genesis to get an ROI since I'm behind the 8 ball with the price I invested at.

I have had the realization that with Genesis's Auto-Btc I will not get back close to my initial BTC investment, so another strategy is needed.

Part of what drew me to Genesis was the Auto-Btc function -- their algorithm for mining the most "profitable" alt-coin and converting it to BTC every day. But having now spent some time in "ALTCOIN-LAND" and taken in the landscape ----  the most profitable alt-coin is the one that is going to be PUMPED (whether for valid or invalid reasons). The increase of difficulty and mining competition will ensure the "daily" method of most-profitable-coin mining will most likely not be a winning strategy.  We must take a longer-view strategy.

I started mining Redd Coin on Genesis last week, and since then its value has more than tripled. I did some research on msg boards, found out about the Redd Coin halving and a few other indicators. Wasn't too hard to see there was going to be a spike. So the first step to positive ROI is doing research on the coins Genesis has in their arsenal, mine them directly, and try to anticipate pumps.  Seems obvious now, but for an idiot like me this was a realization. If you haven't purchased Genesis Mining, I don't know if buying the alt-coins directly would be more profitable over time, but having GM mine them and pay them out to my wallets is a huge time saver.

Genesis just added Black Coin, and there is a nice pump going on with it. Genesis Mining said in this forum that the coin looked "promising". The thing is --- does "promising" mean a pump's coming, or does "promising" mean the coin has long term market potential? Was "promising" a code for "YO SUCKAS A PUMP IS COMING!" That's how I took it, and Genesis, please keep using that word when you see one coming. I don't believe BC holds long term market value, but if Genesis does I would like to hear the reasons. I don't like BC at all actually, but seeing Genesis say "promising" made me think they knew something I didn't.

My vote for the next coin is Monero. I know it has taken over the msg boards here and people are annoyed, but it has potential and the right investors (monero's VC). Speaking the choir here, but Anon-coins ALREADY have a market built in (the black market). This is not hypothetical!  Using anonymous coins on the dark web is a NO-BRAINER. Mark my words, this will happen. The first anon-coin that works and has liquidity will have a sizable market value. DRK had promise, but I see them playing catch-up right now -- perhaps they can do it, but it is over-valued right now and is trending down. I have ZERO idea if Monero is going to be THE anon-coin, but of the ones on Genesis' list, it has the best shot.   There's others like CLOAK, zerocash, etc. I need to examine, so please do your own research.

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kingscrown
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July 26, 2014, 04:22:11 AM
 #682

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review

ellen_me
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July 26, 2014, 06:36:10 AM
 #683

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.


Well thanks. Cheesy
I wonder why they do not officially announced it here just like how they have announced the new coin poll.

Razkin
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July 26, 2014, 09:40:22 AM
 #684

So I rented 2MH's not even two weeks ago after they lowered their prices and made an announcement for it only to find out it has been lowered again by a significant amount.

I feel cheated.  Undecided
IanFoxley
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July 26, 2014, 10:01:22 AM
 #685

So I rented 2MH's not even two weeks ago after they lowered their prices and made an announcement for it only to find out it has been lowered again by a significant amount.

I feel cheated.  Undecided
I have a feeling that the announcement they will make might mention these new prices, plus like in the past, people who bought on certain dates will get a free upgrade.

Will see in the coming days.

I have found in the past that GM will try and keep their customers happy, as much as possible.


vaisajne
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July 26, 2014, 10:20:58 AM
 #686

So I rented 2MH's not even two weeks ago after they lowered their prices and made an announcement for it only to find out it has been lowered again by a significant amount.

I feel cheated.  Undecided
I have a feeling that the announcement they will make might mention these new prices, plus like in the past, people who bought on certain dates will get a free upgrade.

Will see in the coming days.

I have found in the past that GM will try and keep their customers happy, as much as possible.



I am sure GM will pass on the benefits as they did before. Every 20 days the prices are being slashed. Was this the big announcement ?

IanFoxley
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July 26, 2014, 10:26:49 AM
 #687

So I rented 2MH's not even two weeks ago after they lowered their prices and made an announcement for it only to find out it has been lowered again by a significant amount.

I feel cheated.  Undecided
I have a feeling that the announcement they will make might mention these new prices, plus like in the past, people who bought on certain dates will get a free upgrade.

Will see in the coming days.

I have found in the past that GM will try and keep their customers happy, as much as possible.



I am sure GM will pass on the benefits as they did before. Every 20 days the prices are being slashed. Was this the big announcement ?

No, still waiting! Smiley

martinnew
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July 26, 2014, 02:05:43 PM
 #688

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review

I like the "setup and forget mode" in your genesis mining review.  Cool
kingscrown
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July 27, 2014, 03:34:51 AM
 #689

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review

I like the "setup and forget mode" in your genesis mining review.  Cool

that is the truth - pay and get paid back Wink

wwhitman
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July 27, 2014, 04:37:28 AM
 #690

These latest 'reviews' have the referral id's baked into them. Set it and forget it is not the way to roi u fudge brownies
dyask
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July 27, 2014, 04:51:34 AM
 #691

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review
You would be more trustworthy if you checked your spelling.
kingscrown
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July 27, 2014, 04:54:08 AM
 #692

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review
You would be more trustworthy if you checked your spelling.

people know im not native and that i share real infos, thats how i get all the followers. 3,6k on twitter, 1,8k email signed to blog.
i know u English natives/purists dont like it BUT at some point.. info is more important than language as long as u can understand it Smiley

so yes u can read loads of nice English with fake infos or read few of my typos/grammar errors and know real deal. ur choose !

wwhitman
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July 27, 2014, 05:25:50 AM
 #693

You might have twitter followers but how many referrals do you have for the companies you are pimping? Your game is clear.

I'm here to form a strategy with others. If anyone is making roi on auto-btc (contract 3 plus months in at least) SHOW PROOF you believe it will work over the course of the year contract. Every chart so far has shown this is not the case.

Let's discuss how to use the other benefits of genesis to make a positive return.
dyask
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July 27, 2014, 05:36:37 AM
 #694

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review
You would be more trustworthy if you checked your spelling.

people know im not native and that i share real infos, thats how i get all the followers. 3,6k on twitter, 1,8k email signed to blog.
i know u English natives/purists dont like it BUT at some point.. info is more important than language as long as u can understand it Smiley

so yes u can read loads of nice English with fake infos or read few of my typos/grammar errors and know real deal. ur choose !
Wow what a rotten attitude!   I'm not a purist and often make mistakes myself, but you are presenting a blog, at least you should proof read it.   For example you wrote "coisn".   Get real.   That isn't even misspelling, that is pure laziness; which kind of puts a cloud on whatever you have to say.  
kingscrown
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July 27, 2014, 05:40:52 AM
 #695

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review
You would be more trustworthy if you checked your spelling.

people know im not native and that i share real infos, thats how i get all the followers. 3,6k on twitter, 1,8k email signed to blog.
i know u English natives/purists dont like it BUT at some point.. info is more important than language as long as u can understand it Smiley

so yes u can read loads of nice English with fake infos or read few of my typos/grammar errors and know real deal. ur choose !
Wow what a rotten attitude!   I'm not a purist and often make mistakes myself, but you are presenting a blog, at least you should proof read it.   For example you wrote "coisn".   Get real.   That isn't even misspelling, that is pure laziness; which kind of puts a cloud on whatever you have to say.  

then think due to my typo the reviews are fake Smiley

dyask
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July 27, 2014, 05:45:03 AM
 #696

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review
You would be more trustworthy if you checked your spelling.

people know im not native and that i share real infos, thats how i get all the followers. 3,6k on twitter, 1,8k email signed to blog.
i know u English natives/purists dont like it BUT at some point.. info is more important than language as long as u can understand it Smiley

so yes u can read loads of nice English with fake infos or read few of my typos/grammar errors and know real deal. ur choose !
Wow what a rotten attitude!   I'm not a purist and often make mistakes myself, but you are presenting a blog, at least you should proof read it.   For example you wrote "coisn".   Get real.   That isn't even misspelling, that is pure laziness; which kind of puts a cloud on whatever you have to say.  

then think due to my typo the reviews are fake Smiley
What I think is you are too lazy to even do a simple proof read and therefore probably too lazy to do good research.   Another example "the nyou get access".  What is amazing that when it is pointed it out you would rather fight that fix it.   That is very immature.    

The simple fact is that it is a very difficult call at the current prices to determine if Genesis-mining contracts will ever be profitable.   It isn't a easy decision and there is a lot of risk.   Your information doesn't address this at all.  It does appear the main point of your blog is to pick up referrals. 
fractal02
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July 27, 2014, 10:42:14 AM
 #697

  Your information doesn't address this at all.  It does appear the main point of your blog is to pick up referrals. 

+1

Just another referrals blog...pointless.
martinnew
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July 27, 2014, 02:22:59 PM
 #698

Your service got to my review of Mining rigs and Cloud hashing - http://fuk.io/cloud-hashing-and-rig-renting-services-review

I like the "setup and forget mode" in your genesis mining review.  Cool

that is the truth - pay and get paid back Wink

Yah, that's auto mining.
crazyivan
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July 27, 2014, 03:55:11 PM
 #699

Cmmon, give him a break, he s just trying to survive in this harsh BTC world. Smiley

Nathan101
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July 27, 2014, 04:04:08 PM
 #700

Genesis Mining has put up on Facebook the next set of coins you can vote to mine.

I will not list the coins, please go to their Facebook page and take a look and vote Smiley


I voted for my favorite coin.

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