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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381995 times)
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Wintermute
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August 05, 2014, 07:13:26 AM
 #741

Please correct me if i am calculating something wrong


The GM is a one year contract which you compare to a miner + a promotional month of free hosting. So you should factor in another 737$ for hosting. Furthermore, you should compare it to their lowest price as of GM there were offers which offered each contract at 5.9 USD cent. Then it is basically the numbers I gave above. Not much of a difference, plus the better interface of GM which also allows me to split between different cois. At the end a matter of taste.

What coins do you mine?

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Wintermute
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August 05, 2014, 07:24:52 AM
 #742

You should at least offer some advantage to people that bought a while ago. Overall, I will be extremely lucky if I get back 50% of the btc I invested.

At the moment, I would advise everyone to keep their BTC and not invest with you. This was the worst BTC investment I did.

+ 1 !!!

I invested the first of June...what a loss...my first very bad invest...i trusted GM...what a mistake...no reward for early adopters...nothing...
But all is my own fault...

Mining is risky, and it is hardly GM's (or scryptcc, or Gawminers, ....) fault if the value of the altcoins dropped that much. Logically you should compare your investment to buying a portfolio of LTC / Doge with your BTC. Then you would have lost by now like 60% of your BTC. Again this is mainly the result of LTC / Doge / ... losing significantly against BTC, which I honestly did not expect to happen either. If altcoins would have accelerated like before, the story would be a different one. Too bad, but no ones fault.

By the way: I did quite well with mining some of the smaller coins. Had a good experience with mining Reddcoin for example.

For investments I like to quote Warren Buffet: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"

IanFoxley
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August 05, 2014, 07:49:02 AM
 #743

You should at least offer some advantage to people that bought a while ago. Overall, I will be extremely lucky if I get back 50% of the btc I invested.

At the moment, I would advise everyone to keep their BTC and not invest with you. This was the worst BTC investment I did.

+ 1 !!!

I invested the first of June...what a loss...my first very bad invest...i trusted GM...what a mistake...no reward for early adopters...nothing...
But all is my own fault...

Mining is risky, and it is hardly GM's (or scryptcc, or Gawminers, ....) fault if the value of the altcoins dropped that much. Logically you should compare your investment to buying a portfolio of LTC / Doge with your BTC. Then you would have lost by now like 60% of your BTC. Again this is mainly the result of LTC / Doge / ... losing significantly against BTC, which I honestly did not expect to happen either. If altcoins would have accelerated like before, the story would be a different one. Too bad, but no ones fault.

By the way: I did quite well with mining some of the smaller coins. Had a good experience with mining Reddcoin for example.

For investments I like to quote Warren Buffet: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"



Yeh Reddcoin was good, was at 1 satoshi for a while, Cryptsy was going to remove the BTC market and then suddenly whoosh, up it went to 30 satoshi and is now hanging around the low 20s so if you mined them when GM first offered it, you could have got quite a few before POW ended.

xiaogr
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August 05, 2014, 08:40:10 AM
 #744

Please correct me if i am calculating something wrong


The GM is a one year contract which you compare to a miner + a promotional month of free hosting. So you should factor in another 737$ for hosting. Furthermore, you should compare it to their lowest price as of GM there were offers which offered each contract at 5.9 USD cent. Then it is basically the numbers I gave above. Not much of a difference, plus the better interface of GM which also allows me to split between different cois. At the end a matter of taste.

What coins do you mine?



I have set the mining to AUTO BTC

In the table i  have already added 3$ fees per day so the hosting is included. For GM i have used the lowest price 59$/MH (diamond promo code).
"27  MH/s of Hashpower (term: 1 year) 1   1,593.00"


When the diamond promo code expires ROI for GM will be much worst.

But anyway...GM is good....GAW is good.... payouts are the same.....Important is what will happen in 2 months when the VB machines are out.

www.genesis-mining.com - 3% Promo Code: TRUNK_38
www.hashflare.io - 10% Discount Code: 2450E47A
GoldMath
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August 05, 2014, 10:09:50 AM
 #745

So this service can only mine pure Scrypt coins ? No X11/13/... ?
Can you set your own pool ? Like wafflepool, nicehash and whatever?

BC: BBMz27BnnzicEX47Svq1FExJpb36ubCbsf
xiaogr
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August 05, 2014, 10:45:30 AM
 #746

Quote


What coins do you mine?



At GM I have choose  AUTO BTC
At ZEN cloud I have set my miners to Nicehash pool

www.genesis-mining.com - 3% Promo Code: TRUNK_38
www.hashflare.io - 10% Discount Code: 2450E47A
Wintermute
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August 05, 2014, 02:28:18 PM
 #747

In the table i  have already added 3$ fees per day so the hosting is included. For GM i have used the lowest price 59$/MH (diamond promo code).

1) 589$ + 335 days *3$ = 1594$   (first 30 days in initial price included)
2) 27 MH/s * 59$ = 1593$

Would be my calculation. But anyway, my two main points are (i) invest in mining only when you know the risks (ii) if you do look for a trustworthy company (and do not fall for an anonymous scam)


But anyway...GM is good....GAW is good.... payouts are the same.....

I agree Smiley

martinnew
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August 05, 2014, 04:19:40 PM
 #748

RDD has been switched to AUTO as BTC and DRK for you can continue "mining" it!

If anybody needs some more info on how to upgrade your own wallet, you can look for example here.

Best regards,
Genesis Mining

That was another cool update, switching RDD to auto.  Cool
nemisan
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August 05, 2014, 04:48:34 PM
 #749

Bad time to mine  Undecided

Genesis Mining --> ST_DISCOUNT --< 3 % promo code.
IanFoxley
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August 06, 2014, 07:37:40 AM
 #750

Anyone else having problems with getting a daily payment.

It has been odd for me the last couple óf days?

If not, will send GM a ticket.

Mike18feb
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August 06, 2014, 08:04:32 AM
 #751

Well, no issues for me, although I might not be the best one to compare with as I'm mining Megacoin only.

<||=||>  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 .............
IanFoxley
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August 06, 2014, 08:27:48 AM
 #752

Well, no issues for me, although I might not be the best one to compare with as I'm mining Megacoin only.

Ok thanks Mike.

I just thought I would go crazy and do some lottocoin for a few days, yeh that is crazy but I just want to hoard some incase it ever gets an upturn again. So thought I would do a few days of it.

Genesis-Mining
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August 07, 2014, 12:06:10 AM
 #753

Anyone else having problems with getting a daily payment.

It has been odd for me the last couple óf days?

If not, will send GM a ticket.

Our daily payouts should work normally. Please let us know otherwise.

Cheers,
  Marco

IanFoxley
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August 07, 2014, 06:07:43 AM
 #754

Anyone else having problems with getting a daily payment.

It has been odd for me the last couple óf days?

If not, will send GM a ticket.

Our daily payouts should work normally. Please let us know otherwise.

Cheers,
  Marco

Have sent GM a ticket.

Genesis-Mining
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August 07, 2014, 09:19:55 AM
 #755

Have sent GM a ticket.

Thank you. Our IT team will have a look at it and revert to you as soon as possible.

Kind regards,
  Marco

Genesis-Mining
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August 07, 2014, 12:25:20 PM
 #756

Thank you. Our IT team will have a look at it and revert to you as soon as possible.

Kind regards,
  Marco

Just to give a quick update: two LOT payments (and only those) had a problem. Our IT team is investigating and we will do all missing LOT payments today. Thank you for reporting!

Cheers,
  Marco

IanFoxley
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August 07, 2014, 12:46:49 PM
 #757

Thank you. Our IT team will have a look at it and revert to you as soon as possible.

Kind regards,
  Marco

Just to give a quick update: two LOT payments (and only those) had a problem. Our IT team is investigating and we will do all missing LOT payments today. Thank you for reporting!

Cheers,
  Marco


That would explain a LOT! lol Smiley

Thanks for update Marco Smiley

marife01
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August 07, 2014, 03:47:33 PM
 #758

Thank you. Our IT team will have a look at it and revert to you as soon as possible.

Kind regards,
  Marco

Just to give a quick update: two LOT payments (and only those) had a problem. Our IT team is investigating and we will do all missing LOT payments today. Thank you for reporting!

Cheers,
  Marco


Nice to read quick responses of GM on this thread. Smiley
wwhitman
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August 07, 2014, 07:09:44 PM
 #759

Any ETA on when XMR will be added to the dashboard? Thanks!
BlackHaze
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August 07, 2014, 11:09:41 PM
 #760

Any ETA on when XMR will be added to the dashboard? Thanks!

Thinking the same, would be nice to have an ETA. In the meantime mining some Blackcoin to HODL Cheesy

Adversus solem ne loquitor
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