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Genesis-Mining (OP)
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January 10, 2015, 09:56:15 AM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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StoWoo
Newbie
 Offline
Activity: 17
Merit: 0
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January 10, 2015, 01:25:14 PM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
Thanks for the information. |
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Glucose
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January 10, 2015, 05:49:06 PM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
Yeah no payout, but I'm happy to see this message. Thx for the information. Hope everything will be back to normal :-) |
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Bitcoin_BOy$
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January 10, 2015, 05:57:07 PM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment because transaction fee high so if payment set every 7 days that will be cool |
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Glucose
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January 10, 2015, 06:04:07 PM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment because transaction fee high so if payment set every 7 days that will be cool I agree. If we could choose payment (1 day - 1 week) it would be really great. |
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Icon
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January 10, 2015, 09:30:06 PM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment because transaction fee high so if payment set every 7 days that will be cool That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout. Icon |
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samsonn25
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January 10, 2015, 09:45:45 PM |
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hashrate 12/30 290,919,288 GH/snow 290,485,097 GH/sEstimated Next Difficulty: 43,933,722,318 ( +8.10%) Adjust time: After 364 Blocks, About 2.4 days See how they play it ?  More often than not they usually take down the hashrate few days before diff jump to male it appear smaller |
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galdur
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January 10, 2015, 10:28:33 PM |
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The scam is that the diff. is based on 2016 blocks, the green line and the eventual difficulty, which lags the grey line which is the last 504 blocks. So, now it looks like 8% increase although the hashrate is just about flat on 12/30 the last diff, adjustments. So they get to scam customers out of payouts for the next two weeks or so.
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Marco Krohn (GM)
Newbie
Offline
Activity: 49
Merit: 0
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January 10, 2015, 11:20:15 PM |
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More often than not they usually take down the hashrate few days before diff jump to male it appear smaller
Our equipment runs 24/7 (sha and scrypt), our uptime is >99%. Taking our miners down for several days would not make sense from an economical perspective. My best guess is that some big ASIC company shuts down a massive mining farm (we are talking of 20 PH/s) of outdated hardware, in order to prepare it for new hardware. Best regards, Marco |
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galdur
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January 10, 2015, 11:25:25 PM |
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More often than not they usually take down the hashrate few days before diff jump to male it appear smaller
Our equipment runs 24/7 (sha and scrypt), our uptime is >99%. Taking our miners down for several days would not make sense from an economical perspective. My best guess is that some big ASIC company shuts down a massive mining farm (we are talking of 20 PH/s) of outdated hardware, in order to prepare it for new hardware. Best regards, Marco Well, I wasn´t implying that Genesis had anything to do with these things. More like a Chinese cartel. Most mining and dumping of BTC takes place there I guess. |
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Marco Krohn (GM)
Newbie
Offline
Activity: 49
Merit: 0
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January 10, 2015, 11:32:57 PM |
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Well, I wasn´t implying that Genesis had anything to do with these things. More like a Chinese cartel. Most mining and dumping of BTC takes place there I guess.
Ah ok  Correct. Most mining happens in China, and they usually convert a huge amount of the mined BTC to Fiat. |
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Marco Krohn (GM)
Newbie
Offline
Activity: 49
Merit: 0
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January 11, 2015, 12:05:43 AM |
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Our IT team is telling me that payouts are being processed now. Within the next few hours everything should hopefully be on track again!
Sorry for the inconvenience.
Best regards,
Marco
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Serlite
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January 11, 2015, 07:52:08 AM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment because transaction fee high so if payment set every 7 days that will be cool That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout. Icon For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts. Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet. |
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Zeta0S
Legendary
Offline
Activity: 1890
Merit: 1031
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January 11, 2015, 03:41:41 PM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment because transaction fee high so if payment set every 7 days that will be cool That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout. Icon For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts. Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet. How many Mh/s do you have? |
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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January 11, 2015, 04:06:11 PM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment because transaction fee high so if payment set every 7 days that will be cool That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout. Icon For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts. Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet. How many Mh/s do you have? For my Youtube account I have 1 MH/s scrypt and basically the payouts have been displayed as 0.00000000 for ages. The problem is, that there is a minimum, but it seems that it has to be over that minimum on a payout day for you to actually receive it. The minimum is 5400 satoshi....so if my payout is less than that I just get a 0.00000000 and a box telling me my payout didn't reach the minimum.. Now the problem is this. If I get on one day 4000 satoshi and on another day 3000, I do not get anything sent to me, but, if you added those two together I would have more than the minimum, but it still does not get sent to me because on any of the days, I had less than the minimum, so what the post is saying is that, if the payout is still less than the minimum for weeks and weeks, he might have got over 100 000 satoshi and still it has not been sent to him, so if payouts were for example for those on 1MH/s, once every 3 days, so your 3 day payout was like for example 9000, then they would get it sent to them, as it was over the minimum... That is how I see it anyway. |
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galdur
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January 11, 2015, 04:19:06 PM |
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Yep, I have .00088 and .00072 LTC and the minimum payout is .001
So it´s just added to my account. Why it isn´t simply paid out once
the balance is over the minimum is beyond me.
Same with VIA, account .046 minimum .035
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galdur
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January 11, 2015, 04:32:54 PM |
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So, now I have 30% RDD, 30 DOGE and 40 LTC. 4 MH/s Payout RDD 33.68832963 DOGE 6.85186365 LTC 0.00000000 0.00072914 added to account Impressive, huh ?  |
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cloverme
Legendary
Offline
Activity: 1512
Merit: 1054
SpacePirate.io
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January 11, 2015, 04:43:51 PM |
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Our IT team is telling me that payouts are being processed now. Within the next few hours everything should hopefully be on track again!
Sorry for the inconvenience.
Best regards,
Marco
Confirmed, payments have resumed. Thanks for the update! |
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Glucose
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January 11, 2015, 07:20:23 PM |
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Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment because transaction fee high so if payment set every 7 days that will be cool That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout. Icon For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts. Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet. How many Mh/s do you have? For my Youtube account I have 1 MH/s scrypt and basically the payouts have been displayed as 0.00000000 for ages. The problem is, that there is a minimum, but it seems that it has to be over that minimum on a payout day for you to actually receive it. The minimum is 5400 satoshi....so if my payout is less than that I just get a 0.00000000 and a box telling me my payout didn't reach the minimum.. Now the problem is this. If I get on one day 4000 satoshi and on another day 3000, I do not get anything sent to me, but, if you added those two together I would have more than the minimum, but it still does not get sent to me because on any of the days, I had less than the minimum, so what the post is saying is that, if the payout is still less than the minimum for weeks and weeks, he might have got over 100 000 satoshi and still it has not been sent to him, so if payouts were for example for those on 1MH/s, once every 3 days, so your 3 day payout was like for example 9000, then they would get it sent to them, as it was over the minimum... That is how I see it anyway. Exactly. And I think it's a problem... GM should send it after it reach 5400 if you addition it. It would be fair. |
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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January 11, 2015, 07:43:04 PM |
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So, now I have 30% RDD, 30 DOGE and 40 LTC. 4 MH/s Payout RDD 33.68832963 DOGE 6.85186365 LTC 0.00000000 0.00072914 added to account Impressive, huh ? You need to start mining coins that come in their thousands ...like lottocoin hehe At least you wont have a problem with a minimum then. Of course Lottocoin is not really worth a lot at the moment, 34 latoshis..at the moment.....sounds like something you get at starbucks...a Latoshi..lol |
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