Genesis-mining.com || World's leading hashpower provider!

[galdur]

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

I paid .189 BTC for this last October and now they pay 7 DOGE and 34 RDD and god knows when they decide to pay the LTC. This is bloody insulting, that´s what is is.

[flyingplows]

are there any plans to improve the service? i am sure nobody buys anything from them right now  at least they did not run with the money but the ROI (or to be more precise NO ROI) is laughable... i mean they should return at least smth, like a part of investment and not just dusts
...and it used to be one of the best cloudmining... how low you can get these days... 

[takkaros]

I bought 30GH/s two days ago for testing purposes and I can't figure out if I am actually mining. I set it to 100% bitcoin mining since yesterday and my bitcoin balance is still 0. Shouldn't I have utleast a couple of satoshis by now in my balance?

[IanFoxley]

I bought 30GH/s two days ago for testing purposes and I can't figure out if I am actually mining. I set it to 100% bitcoin mining since yesterday and my bitcoin balance is still 0. Shouldn't I have utleast a couple of satoshis by now in my balance?

So you did not read or hear about the problem with delayed payouts then?

https://bitcointalk.org/index.php?topic=602022.msg10101258#msg10101258

That is probably why you have not had a payout yet.

[takkaros]

I bought 30GH/s two days ago for testing purposes and I can't figure out if I am actually mining. I set it to 100% bitcoin mining since yesterday and my bitcoin balance is still 0. Shouldn't I have utleast a couple of satoshis by now in my balance?

So you did not read or hear about the problem with delayed payouts then?

https://bitcointalk.org/index.php?topic=602022.msg10101258#msg10101258

That is probably why you have not had a payout yet.

I did read. What I am asking is if the mined balanced should be available to me for viewing somewhere.

[tylerderden]

let us mine on out own pool please. i seem to be able to do about a million times better on my own so lets get it done!

Just to give you an idea, the daily fees per MH/s at the moment due to the low price of BTC are taking around 16000-17000 sat from your payout each day.

Looking at multipool data from poolpicker. eu I can see the following.

Most pools are paying out ..before fees anything from 20948 satoshi (coinking) down to 14900 Satoshi (LTC Rabbit)

Cleverminings payout in the last 24 hours was 15400 satoshi so that would mean, that you wouldn't get a payout at all, if GM let you mine on Cleverpool, as the daily fee was more than their payout.

So if GM let you mine your own pool, you still are not going to get much anyway as once you detract the fee, it is going to be very similar or worse to what GM is paying out right now, so their Auto Trade function seems to function.

You have that advantage of being able to mine and not have it removed for electricity etc, you pay for that later, although I still do wonder what your home rigs electricity bill each month is. Most ASICs I see, have to have 1000W - 1500 W PSUs attached to them and that must cost a lot each day running at home, although that depends where you live I guess. I know where I live, if I was mining, I would end up paying more in electricity than I was mining which is why I decided to do Cloud Mining in the first place.

your assuming i use some random pool, i mine on a private pool that pays some days .01 per mhs. not to mention if i could point my hash to new launches i would make far more than any multipool out there. this is what people should be demanding, if you cant mine your own pool that you really dont own the hashrate and the only winner is the company taking all of your btc for fees. like i said before this is the end of cloud mining for me until i get the freedom to mine where i want.

pretty much you math and arguements for why things are how they are dont mean anything because your using examples of public multipools that pay alot less than private pools. the trick to private pools is to keep it small (under 500 mhs) so no we arent taking any new members.

[Icon]

Yep sorry all didn't know GM had a minimum payout.. lol guess i should had known payout < the xsfer fees = 0 payouts.. Ya i got all my hash set to ltc payouts atm, thinking of changing it to dogecoin and then convert to ltc on exchange..

Icon


Also how about giving all of us that use scrypt contracts free dogecoins to help off set our btc profits,  seeing its now a merged mine coin with any scrypt base coin.

Have a look at multipool.us they give free dogecoin with all there scrypt base coins..

[IanFoxley]

let us mine on out own pool please. i seem to be able to do about a million times better on my own so lets get it done!

Just to give you an idea, the daily fees per MH/s at the moment due to the low price of BTC are taking around 16000-17000 sat from your payout each day.

Looking at multipool data from poolpicker. eu I can see the following.

Most pools are paying out ..before fees anything from 20948 satoshi (coinking) down to 14900 Satoshi (LTC Rabbit)

Cleverminings payout in the last 24 hours was 15400 satoshi so that would mean, that you wouldn't get a payout at all, if GM let you mine on Cleverpool, as the daily fee was more than their payout.

So if GM let you mine your own pool, you still are not going to get much anyway as once you detract the fee, it is going to be very similar or worse to what GM is paying out right now, so their Auto Trade function seems to function.

You have that advantage of being able to mine and not have it removed for electricity etc, you pay for that later, although I still do wonder what your home rigs electricity bill each month is. Most ASICs I see, have to have 1000W - 1500 W PSUs attached to them and that must cost a lot each day running at home, although that depends where you live I guess. I know where I live, if I was mining, I would end up paying more in electricity than I was mining which is why I decided to do Cloud Mining in the first place.

your assuming i use some random pool, i mine on a private pool that pays some days .01 per mhs. not to mention if i could point my hash to new launches i would make far more than any multipool out there. this is what people should be demanding, if you cant mine your own pool that you really dont own the hashrate and the only winner is the company taking all of your btc for fees. like i said before this is the end of cloud mining for me until i get the freedom to mine where i want.

pretty much you math and arguements for why things are how they are dont mean anything because your using examples of public multipools that pay alot less than private pools. the trick to private pools is to keep it small (under 500 mhs) so no we arent taking any new members.

Yes I was assuming you were using random pools I still try and catch a random coin launch now and again if I can, but with only one GPU, I do not get too much but when the coin hits an exchange it can be ok

[fairglu]

Mining is taking a severe beating with the BTC/USD rate, and scrypt coins took a further plunge as well.

Just noticed SuchPool was halting f.i., and other pool operator are in the red as well. This year is likely to see many mining operations go bust...

[galdur]

Mining is taking a severe beating with the BTC/USD rate, and scrypt coins took a further plunge as well.

Just noticed SuchPool was halting f.i., and other pool operator are in the red as well. This year is likely to see many mining operations go bust...

Well, when production capacity (difficulty) constantly increases at an exponential rate while the price of product constantly plunges I guess over time it becomes a question of which dries up first, the supply of buyers of the product or bankers to finance the production.

[rtfm_joey]

Hi GM,

I have two contracts;

First contract is 2MH/s paid for with bitcoin.
Second contract is 7.5MH/s paid with creditcard.

First contract has had no payouts in 3 three days, the earnings were

09-01     0.0003292
10-01     0.0001771
11-01     0.0002321

All with the notification of 'added to your balance'. This adds up to 0.00007384. There are more streaks like this (i.e. the thrid till the seventh).

The payout threshold is 0.0000543, how come there was no payout on the 11th, as the balance exceeded the minimum payout threshold?


Regarding the second contract, the 30 day hold on the payout cleared and I was payed out the tenth, whilst the mining day is on the 8th? Also, this balance is still visible under pending orders, along with new earnings.

I expected the payout of the combined contracts after the 10th, so the minimum payout threshold would be reached every day.


I know there are some troubles with payouts sinds the new software, is this related and is there a (ballpark) guess when everything will be back to normal?

[niezam]

I have contracts with GM too, would love to buy more power for mining BTC. I'm just afraid like what's happening with cex.io now.

Taking into consideration our users’ interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.

http://blog.cex.io/cryptonews/cex-io-temporarily-suspends-cloud-mining-services/

[TXTCLA55]

Is it me or is the estimated next Bitcoin difficuly nose dived. Am I reading something wrong or is this because somebody huge has switched the off button?

**Massive image removed**

Damn that image was HUGE. On BTCWisdom its reading the next est. difficulty is at 45,499,870,788 a +3.48% increase from the current difficulty set at 43,971,662,056...so if any switches are being flipped, their now in the "on" position.

[galdur]

These guys estimate Next Difficulty Value:40980068248 -6.8%

Don´t know what´s up with that.

http://nextdifficulty.com/

[cryptobobangelo]

I have contracts with GM too, would love to buy more power for mining BTC. I'm just afraid like what's happening with cex.io now.

Taking into consideration our users’ interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.

http://blog.cex.io/cryptonews/cex-io-temporarily-suspends-cloud-mining-services/

Hehe I just paid for lots of TH`s... and I`m planning on purchasing more. It really would be a shame to suspend the service for me

[samsonn25]

CEX the house of cards has unfolded

[samsonn25]

These guys estimate Next Difficulty Value:40980068248 -6.8%

Don´t know what´s up with that.

http://nextdifficulty.com/

Thats their opinion. 

Others think:

bitcoinwisdom.com   45467890567   3.4%
bitcoincharts.com   43502918462   -1.1%
cryptanalys.is   206666812   -99.5%
mining-profit.com   36496479506   -17%

[galdur]

I thought that it was all cast in stone by bullet-proof mathematical formulas out of some idiot-savant´s ass. And now it´s being interpreted all over the map. No wonder that what´s being mined constantly keeps tanking.

[Icon]

Well right after a difficulty change all the mining calculators are way off trying to readjust it takes a while to calculate the correct difficulty, like a rock in pond all those waves have to calm down  first

Icon

[fairglu]

I thought that it was all cast in stone by bullet-proof mathematical formulas out of some idiot-savant´s ass. And now it´s being interpreted all over the map. No wonder that what´s being mined constantly keeps tanking.

That's why the re-target happens every couple of thousand blocks: over few blocks, randomness dominates, over many blocks, statistics do.