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

[galdur]

Just to give you guys a quick heads up.

I got about 70 % of my investment back in 6 Months mining.

With the current payout it will take me another 150 Days to get to 100% return.

greetings dead

doesn't mean much. How much did you invested ? How much did you reinvested ?

I invested 10,441 BTC in return for 3,7 TH/s BTC Mining. Not reinvested any.

And my return at the moment is 7,37 BTC so far.

Greetings dead

Nice, you should break even before the end of this year.

[1714011977]

1714011977

[1714011977]

1714011977

[dead_m92]

Just to give you guys a quick heads up.

I got about 70 % of my investment back in 6 Months mining.

With the current payout it will take me another 150 Days to get to 100% return.

greetings dead

doesn't mean much. How much did you invested ? How much did you reinvested ?

I invested 10,441 BTC in return for 3,7 TH/s BTC Mining. Not reinvested any.

And my return at the moment is 7,37 BTC so far.

Greetings dead

Nice, you should break even before the end of this year.

I hope so and then profit for another year i hope till my contract is terminated.

[cloh76]

Is there a difference between purchasing hashing power through www.genesis-mining.com and www.genesis-mining.com/login?ref=spondoolies?   My login for Genesis-mining does not work on the spondoolies link.  Is the equipment used different?

[IanFoxley]

Is there a difference between purchasing hashing power through www.genesis-mining.com and www.genesis-mining.com/login?ref=spondoolies?   My login for Genesis-mining does not work on the spondoolies link.  Is the equipment used different?

Yes there is a difference. Both are separate companies with different contracts with different prices. Spondoolies obviously wanted to partner with a company that was experienced in cloud mining so that is why they chose Genesis Mining to do that with them.

If you sign up from the Spondoolies webpage and purchase a Spondoolies cloud mining contract then the link below is what you need to use to login.
www.genesis-mining.com/login?ref=spondoolies?

If you have a Genesis Mining account, then do not use the above link or as you have realised, it will not work.

This also means that if you have a Spondoolies account and use the Genesis Mining login, then that will not work either. You have to use the correct login for whichever service you have registered at.

The interface is similar but when you look at them closely they are not the same.

Spondoolies only allows you to mine BTC (as far as I know, going by when I last looked at their interface), where as Genesis Mining give you more choices.
The prices for contracts are different on both. The daily fees are different on both.

Promo codes for Genesis Mining will not work with Spondoolies and vice versa. So unless Spondoolies do a promo code, then there is really no discounts if you purchase a Spondoolies contract at the moment, that I know of.

Ian

[Minerjoe]

Is there a difference between purchasing hashing power through www.genesis-mining.com and www.genesis-mining.com/login?ref=spondoolies?   My login for Genesis-mining does not work on the spondoolies link.  Is the equipment used different?

Yes there is a difference. Both are separate companies with different contracts with different prices. Spondoolies obviously wanted to partner with a company that was experienced in cloud mining so that is why they chose Genesis Mining to do that with them.

If you sign up from the Spondoolies webpage and purchase a Spondoolies cloud mining contract then the link below is what you need to use to login.
www.genesis-mining.com/login?ref=spondoolies?

If you have a Genesis Mining account, then do not use the above link or as you have realised, it will not work.

This also means that if you have a Spondoolies account and use the Genesis Mining login, then that will not work either. You have to use the correct login for whichever service you have registered at.

The interface is similar but when you look at them closely they are not the same.

Spondoolies only allows you to mine BTC (as far as I know, going by when I last looked at their interface), where as Genesis Mining give you more choices.
The prices for contracts are different on both. The daily fees are different on both.

Promo codes for Genesis Mining will not work with Spondoolies and vice versa. So unless Spondoolies do a promo code, then there is really no discounts if you purchase a Spondoolies contract at the moment, that I know of.

Ian

So which one s cheaper?

[IanFoxley]

Just to let you all know, I will be posting updates on my thread regarding daily payouts in GH/s for Genesis Mining SHA 256 Lifetime Contracts.
https://bitcointalk.org/index.php?topic=768931.msg10940389#msg10940389

These figures will be based on my 50 GH/s payout, which will be divided by 50 and then the result will be what you can expect for 1 GH/s.

This might be useful for those of you who might want to compare your payouts or get an idea of what payouts are.

For example, if you want to find out the payout for 200 GH/s, you would get my result for 1 GH/s and multiply it by 200.

This will be 99 percent accurate because not everyone will get the same payout as all our payouts are shared from one big payout so there is a change that my result could be slightly different, but we are talking about just a few satoshis basically.

Anyway I will post my result for Mining Day 29.03.2015 here

50GH/s payout was 0.00021201 BTC, so divided by 50 and the Payout for 1GH/s is roughly 424 satoshis.

As mentioned, just multiply 424 x the number of GH/s you want to find out the payout for, so if you want to know the payout for 15 THs, just multiply 424 by 15000 and you will get 6360000, after adding the zero etc for BTC, it would be 0.06360000 BTC, which would have been roughly the payout for 15TH that day.

All payouts as always, are after the daily fee has been removed.

Hope you find it useful.

[julian071]

Thx Ian!

[rogelio11]

Oke i will make a update to.

In the old days i was mining like the picture i made long time ago, lot of fun but very expensive, GM done a great job mining for my accounts.

https://dl.dropboxusercontent.com/u/304909/Photo%2028-3-14%2011%2025%2035%20pm.jpg

what miner is that, im just wondering?

[Zeta0S]

It`s a good old Bitfury Twin Chip 4-5 gh/s ASIC USB Miner. One of the most powerfull usb miners sold on a larger scale.
Below a 49 port usb hub from eyeboot. Lot of heat produced 

[IanFoxley]

It`s a good old Bitfury Twin Chip 4-5 gh/s ASIC USB Miner. One of the most powerfull usb miners sold on a larger scale.
Below a 49 port usb hub from eyeboot. Lot of heat produced 

Good for the winter, hehe

[kapetan]

hi guys

What is the current ROI in Genesis-mining.com ?

[thevictimofuktyranny]

hi guys

What is the current ROI in Genesis-mining.com ?

Hi, current payout at BTC $245 is 4.165mbtc or 0.000004165 per 1 GHs.

50 GHs is about 0.10BTC, which equates to 480 days ROI; assuming no further increases in difficulty. Not really worth it, as the BTC block halving is in 1 year 3 months and this mining contract will not survive that reward halving unless BTC price increases to $390 per BTC.

You may want to wait, for Genesis Mining to introduce the next generation of mining equipment for Cloudmining, because the current mining equipment is over 6 months old.

But, Gensis Mining is European operation and they operate up to EU Ethical Business Standards - so you pay for added peace of mind, compared to non-European operations.

PBmining - Pakistan/Bangladesh and most investors lost up to 99% of their BTC.
Hashie - Chinese and Gen 1 investors lost up to 99% of their BTC.
AMHash - Chinese and investors lost up 65% of their BTC.

So, EU Ethical Standards are a lot higher then outside EU (the UK does not follow EU Ethical Standards).

[birdcat90]

payment still steady above 20k for 0.05 Thash

if this stay longer maybe about 1 month i will buy more hash..hehe..

[galdur]

payment still steady above 20k for 0.05 Thash

if this stay longer maybe about 1 month i will buy more hash..hehe..

Looks like that´s about to take quite a hit.

Estimated Next Difficulty:   49,850,290,641 (+6.71%)
Adjust time:   After 30 Blocks, About 4.9 hours

[IanFoxley]

payment still steady above 20k for 0.05 Thash

if this stay longer maybe about 1 month i will buy more hash..hehe..

Looks like that´s about to take quite a hit.

Estimated Next Difficulty:   49,850,290,641 (+6.71%)
Adjust time:   After 30 Blocks, About 4.9 hours

I did notice also, like you have mentioned Galdur that the hashrate shot up for a week or so before the difficulty change, then dropped suddenly, like you say, it is almost like it is being done on purpose to make the difficulty rise to a certain level knowing that it will not be able to fall enough before it has to change again, if that makes sense.

[galdur]

payment still steady above 20k for 0.05 Thash

if this stay longer maybe about 1 month i will buy more hash..hehe..

Looks like that´s about to take quite a hit.

Estimated Next Difficulty:   49,850,290,641 (+6.71%)
Adjust time:   After 30 Blocks, About 4.9 hours

I did notice also, like you have mentioned Galdur that the hashrate shot up for a week or so before the difficulty change, then dropped suddenly, like you say, it is almost like it is being done on purpose to make the difficulty rise to a certain level knowing that it will not be able to fall enough before it has to change again, if that makes sense.

Well, I didn´t follow this diff. period as closely as those from what two months ago but am not surprised if it looked sort of managed. The Chinese Cartel ? They are biggest in mining AND selling BTC over there. Maybe it´s just another money machine to them and nothing else.

Good luck, g

[Minimaxa]

There is no return on an investment in this, it is a big scam and a waste of your money.

[julian071]

There is no return on an investment in this, it is a big scam and a waste of your money.

You bashing Genesis is getting old. Get over your failed scrypt-investment already. Moaning about it won't make it better or go away. You have got to own up to your own mistakes.

[nickhiggins123]

So is it no longer a good point to upgrade my hashing power?

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Not on this sinking ship.

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