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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381969 times)
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CoinStarX
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August 08, 2014, 02:50:04 AM
 #761

So does anyone know if the roi on this is attainable just mining scrypt coins like litecoin?

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Wintermute
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August 08, 2014, 10:16:42 AM
 #762

So does anyone know if the roi on this is attainable just mining scrypt coins like litecoin?

At the moment it is difficult to break even (scrypt, sha or X11 actually does not matter). I like Genesis because it allows me to switch easily between different coins and with some market insight (and luck) you can do quite well. For example, I mined Reddcoin for some time which turned out to be a good choice.

If you want to mine, Genesis is certainly one of the best products in the market:

  http://cointelegraph.com/news/112159/cloudmining-review-part-4-money-matters

Warning: do not spend money on an anonymous website that promises high ROI! There are lot of scammers here also in the forum.

If you want to mine I suggest to start small (maybe it is a good time now because many are afraid to invest in mining). It will also depend on how the altcoins perform against Bitcoin. I am optimistic about Litecoin and Reddcoin.

Hope this is helpful.
xephyr
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August 08, 2014, 02:13:33 PM
 #763

Genesis Mining is not one of the 'best performing products on the market'. I am getting about 3% per week using auto switching paying out in btc. There are other legitimate altcoin cloud mining sevices returning over 10% per week.
martinnew
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August 08, 2014, 02:32:38 PM
 #764

So does anyone know if the roi on this is attainable just mining scrypt coins like litecoin?

Difficulty and value varies. ROI is attainable within the contract but hard to say if sooner or later.
Wintermute
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August 08, 2014, 02:38:47 PM
 #765

Genesis Mining is not one of the 'best performing products on the market'. I am getting about 3% per week using auto switching paying out in btc. There are other legitimate altcoin cloud mining sevices returning over 10% per week.

I was referring to the cointelegraph article. There might be a reason why they did not include some of the anonymous pseudo companies in their review Wink  Ltcgear is anonymous and they could run any time with your coins. Not even registered a company last time I checked, so hardly legitimate business. I hope not too many fall for these scams.

MAT? Did they ever deliver any product?? Maybe you want to add Fibonacci to the list, too. I heard they promise a great ROI  Sad

Please also update the numbers of scrypt.cc - they are outdated. Effective price is 8 USD cent per kH/s.

At least, we agree on Gawminers, but they are just on par with GM (as we have recently discussed here). You should calculate the effective cost of ownership.
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August 08, 2014, 02:41:45 PM
 #766

So does anyone know if the roi on this is attainable just mining scrypt coins like litecoin?

Difficulty and value varies. ROI is attainable within the contract but hard to say if sooner or later.

I agree. But people should not believe it is a riskless get-rich-quick scheme. These days are over long time ago.

ROI can be reached, but it takes time. Also it depends on the value of coins with respect to Bitcoin. With some knowledge of the markets (and a bit of luck) you can do quite well.
xephyr
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August 08, 2014, 02:46:09 PM
 #767

Genesis Mining is not one of the 'best performing products on the market'. I am getting about 3% per week using auto switching paying out in btc. There are other legitimate altcoin cloud mining sevices returning over 10% per week.

I was referring to the cointelegraph article. There might be a reason why they did not include some of the anonymous pseudo companies in their review Wink  Ltcgear is anonymous and they could run any time with your coins. Not even registered a company last time I checked, so hardly legitimate business. I hope not too many fall for these scams.

MAT? Did they ever deliver any product?? Maybe you want to add Fibonacci to the list, too. I heard they promise a great ROI  Sad

Please also update the numbers of scrypt.cc - they are outdated. Effective price is 8 USD cent per kH/s.

At least, we agree on Gawminers, but they are just on par with GM (as we have recently discussed here). You should calculate the effective cost of ownership.

Whatever you like. New miners need to know that paying over $25 per mH for altcoin mining is not a smart investment. I made ROI at ltcgear.com in less than two months mining litecoin only.
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August 08, 2014, 03:27:08 PM
 #768

Whatever you like. New miners need to know that paying over $25 per mH for altcoin mining is not a smart investment. I made ROI at ltcgear.com in less than two months mining litecoin only.

Did you know that the first investors in "Bitcoin Savings and Trust" made a positive ROI?

http://bitcoinmagazine.com/2126/the-pirate-saga-and-so-it-ends/

There is no indication that this is legit business and you know it. You promote over and over these shady ltcgear. But you will have your reasons.
xephyr
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August 08, 2014, 04:05:05 PM
 #769

Whatever you like. New miners need to know that paying over $25 per mH for altcoin mining is not a smart investment. I made ROI at ltcgear.com in less than two months mining litecoin only.

Did you know that the first investors in "Bitcoin Savings and Trust" made a positive ROI?

http://bitcoinmagazine.com/2126/the-pirate-saga-and-so-it-ends/

There is no indication that this is legit business and you know it. You promote over and over these shady ltcgear. But you will have your reasons.

ltcgear.com delivered the first custom FPGAs for litecoin over 9 months ago and has been in business longer than Genesis Mining. My only agenda is to help new miners make return on investment as soon as possible by searching out and recommending the best performing altcoin cloud mining providers. Mining is tough right now but ROI is still possible within a few months by making smart choices. I only recommend services I use myself.
Genesis-Mining
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August 08, 2014, 04:52:02 PM
 #770

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

Thank you for your question. Let me be completely open about this: Monero was a last minute addition to the list and we did not check the coin specs in detail. In turned out that the API / RPC is completely different to the coins we have integrated so far (which all use the standard Bitcoin RPC commands). Therefore, this will require some major changes in our backend (it can be done, it will just take longer than expected).

For this reason, we will have to postpone the Monero integration. We know that this coin is popular and we will continue to work on it. Sorry for that. Team is checking the second placed coin and will integrate it in the meantime.

Best regards,
  Marco


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August 08, 2014, 04:56:20 PM
 #771

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

Missing LOT payments were done tonight. If you are missing anything please let us know!

Have a nice day everyone,
  Marco

IanFoxley
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August 08, 2014, 05:14:45 PM
 #772

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

Missing LOT payments were done tonight. If you are missing anything please let us know!

Have a nice day everyone,
  Marco


Yep, can confirm I got a LOT of payments today Smiley sorry about the puns...

LCollins
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August 09, 2014, 01:49:49 AM
 #773

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...

You invested 2 months ago and you say that this is bad investment having 10 more months to go ?
I understand that you are playing with 'some' numbers, but you can not suggest that this is not a good investment.
Based on what ? Your expectations on quick ROI in 2 months ? Is this a joke ?

I have my contract with Genesis and I am very happy getting daily payouts in coins I need. Sometimes it's better on BTC (auto) sometimes RDD or DRK ... if you have time
every day you can change mining allocation based on some real work, not dreams.

Order a miner, get it delivered, heat your kitchen with it, pay the electricity, do the configuration, change the pools, monitor the system, reboot the system, replace power supply..... than put the numbers on the table and let's talk.

Everyone that needs good service, great support, and good sleep I can recommend Genesis Mining anytime.
Take the smallest package if you have any doubts and start mining in 15 minutes.

Cheers and happy Genesis mining  Grin
anderl
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August 09, 2014, 01:59:09 AM
 #774

Summing up GenesisMining and all mining contracts for that matter....


Nathan101
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August 09, 2014, 04:11:28 AM
 #775

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

Vote the next currency to add!

I have come back after two weeks. Can i still vote for this coin, or is it closed?

Nathan101
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August 09, 2014, 04:14:11 AM
 #776

Bad time to mine  Undecided
Why? As far i know everyone is making good amount of money from Reedcoin.

marife01
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August 09, 2014, 06:10:58 AM
 #777

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

Thank you for your question. Let me be completely open about this: Monero was a last minute addition to the list and we did not check the coin specs in detail. In turned out that the API / RPC is completely different to the coins we have integrated so far (which all use the standard Bitcoin RPC commands). Therefore, this will require some major changes in our backend (it can be done, it will just take longer than expected).

For this reason, we will have to postpone the Monero integration. We know that this coin is popular and we will continue to work on it. Sorry for that. Team is checking the second placed coin and will integrate it in the meantime.

Best regards,
  Marco



Curious what was the second placer coin. 
monim1
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August 09, 2014, 07:18:33 AM
 #778

Quote


What coins do you mine?



At GM I have choose  AUTO BTC
At ZEN cloud I have set my miners to Nicehash pool
For last few days i was mining Reddcoin. Now i am thinking about switching.
IanFoxley
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August 09, 2014, 09:42:25 AM
 #779

Quote


What coins do you mine?



At GM I have choose  AUTO BTC
At ZEN cloud I have set my miners to Nicehash pool
For last few days i was mining Reddcoin. Now i am thinking about switching.

I have just gone back to AUTO BTC now.

Daniel007
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August 09, 2014, 11:07:39 AM
 #780

Quote


What coins do you mine?



At GM I have choose  AUTO BTC
At ZEN cloud I have set my miners to Nicehash pool
I agree with you. I also think that choosing AUTO BTC is the right decision. It increase the chance of getting profit.

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