|
birdcat90
|
 |
April 22, 2015, 08:54:25 AM |
|
Can we get our money back if we don't want to continue with you.
i dont think so, because there is no exit plan from genesis mining.. when gm need to terminate our contract,its all because the price of btc to low to cover our cost..lets pray bitcoin will fly so our contract will running forever |
|
|
|
|
kapetan
|
|
April 23, 2015, 01:10:22 AM |
|
hi
What is the current ROI here ?
|
|
|
|
|
flyingplows
|
|
April 23, 2015, 08:54:53 AM |
|
hi
What is the current ROI here ?
 lol, believe me you don't want to know my friend  |
|
|
|
|
julian071
|
|
April 23, 2015, 02:06:51 PM |
|
hi
What is the current ROI here ?
lol, believe me you don't want to know my friend You give no information, there is nothing to believe or not to believe bro. kapetan, if you want to calculate ROI you can use an online profitability calculator and use the numbers you can get from the terms and conditions on the Genesis-mining website. You'll have to register an account and start the ordering proces in order to see the terms and conditions. Right now you pay $ 1,50 per TH per day on maintenance fees. If you enter those numbers in a profitability calculator so that electricity costs amounts to $ 1,50 a day (e.g. use 625 watts and $ 0,10 / kWh) then ROI is in 466 days. For other amounts just get the appropriate numbers from Genesis and enter them in a calculator. |
=P
|
|
|
Zeta0S
Legendary
 Offline
Activity: 1890
Merit: 1031
|
|
April 23, 2015, 03:35:52 PM |
|
hi
What is the current ROI here ?
lol, believe me you don't want to know my friend I made roi a long time ago  Why are people bashing Genesis Mining, they are the only one i do trust. |
|
|
|
|
birdcat90
|
|
April 23, 2015, 11:19:26 PM |
|
hi
What is the current ROI here ?
the current ROI on this cloudmining is around 365 days..and it can increased or decreased by the value of the bitcoin itself.. if its down then you must facing the minimum price of bitcoin to be able to run the miner..so prepared for the worst case. |
|
|
|
CjMapope
Legendary
Offline
Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
|
|
April 24, 2015, 03:18:23 AM |
|
Genesis is good if you NEED to know theres real hardwear, they attend all conferences, but as far as for us little guys theres way better choices. they will gladly give you a dollar each day if u give them 1000 today  lowest ROI in the biz, no liquidity, no customer service, and NO REFUNDS. its a shame such a big company went this way, they had the biggest chance until they started hiring phony redditors and making ROI impossible (u will have to keep buying power to stay profitable) |
~Got this girl in my bed, a roof over my head, i mint a couple coins a week, and thats how i make bread~ ~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~ Prohashing -- Simply the best Multipool! |
|
|
|
bittamak
|
|
April 25, 2015, 01:38:17 PM |
|
Always i see scrypt hash power is out of stock. When can i expect it to be available?
|
|
|
|
|
|
flyingplows
|
|
April 25, 2015, 03:00:29 PM |
|
Always i see scrypt hash power is out of stock. When can i expect it to be available?
Never. It was canceled because it was ''unprofitable''. And the hashrate was exchanged for sha256 at a ridiculous rate. If they ever sell scrypt again - it's a spit in the face of their customers, so the shit will not become available |
|
|
|
|
Genesis-Mining (OP)
|
|
April 25, 2015, 03:11:28 PM |
|
Hello flyingplows,
This is not correct. We will continue to sell scrypt hashpower as soon as we have access to efficient enough next generation chips which will not be too far away in the future.
|
|
|
|
|
flyingplows
|
|
April 25, 2015, 03:12:28 PM |
|
Hello flyingplows,
This is not correct. We will continue to sell scrypt hashpower as soon as we have access to efficient enough next generation chips which will not be too far away in the future.
Too bad for you. Buyer beware.  |
|
|
|
micky123
Legendary
Offline
Activity: 1022
Merit: 1005
|
|
April 25, 2015, 09:16:31 PM |
|
Hello flyingplows,
This is not correct. We will continue to sell scrypt hashpower as soon as we have access to efficient enough next generation chips which will not be too far away in the future.
Ok , So does this mean that people who bought scrypt contracts and were unjustly converted to SHA256 contracts will get re-converted to Scrypt contracts? If this is not the case, then good luck selling those new scrypt contracts because people here should be fore-warned that you guys will convert those scrypt contracts to SHA256 at your own whims and fancies and they will be left with egg on their faces. This is what has happened to so many of us, and i feel its very unfair that you would sell scrypt contracts again without converting your original buyers back to scrypt contracts from SHA256. |
|
|
|
|
Icon
|
|
April 25, 2015, 11:10:08 PM |
|
Always i see scrypt hash power is out of stock. When can i expect it to be available?
Never. It was canceled because it was ''unprofitable''. And the hashrate was exchanged for sha256 at a ridiculous rate. If they ever sell scrypt again - it's a spit in the face of their customers, so the shit will not become available yep a 1 to 1 conversion 1 mh/s = 1 gh/s and time of buying scrypt cost was 1000 times higher then sha256. Basically blew .7 btc to get 20 gh/s Icon |
|
|
|
|
|
Icon
|
|
April 25, 2015, 11:11:39 PM |
|
Hello flyingplows,
This is not correct. We will continue to sell scrypt hashpower as soon as we have access to efficient enough next generation chips which will not be too far away in the future.
So can we expect the people you screwed out of scrypt hashpower to get theirs back? Icon |
|
|
|
|
|
Icon
|
|
April 26, 2015, 12:15:17 PM |
|
O and fyi genesis, you might want to update your mining allocation & wallets web pages, darkcoin got renamed you know to dash..
Icon
|
|
|
|
|
|
flyingplows
|
|
April 26, 2015, 09:05:45 PM |
|
Hello flyingplows,
This is not correct. We will continue to sell scrypt hashpower as soon as we have access to efficient enough next generation chips which will not be too far away in the future.
So can we expect the people you screwed out of scrypt hashpower to get theirs back? Icon In your dreams They'll say it's new hardware so you have to buy once more. And make ROI this time. And that old hardware was inefficient so you got lucky we even converted that shit. The thing is that sure, litecoin mining was unprofitable, but they tell they mine the most profitable coin... |
|
|
|
Marco Krohn (GM)
Newbie
Offline
Activity: 49
Merit: 0
|
|
April 28, 2015, 08:16:47 AM |
|
O and fyi genesis, you might want to update your mining allocation & wallets web pages, darkcoin got renamed you know to dash..
Forwarded it to our dev team. Thank you! |
|
|
|
|
Marco Krohn (GM)
Newbie
Offline
Activity: 49
Merit: 0
|
|
April 28, 2015, 08:52:24 AM |
|
In your dreams They'll say it's new hardware so you have to buy once more. And make ROI this time. And that old hardware was inefficient so you got lucky we even converted that shit. The thing is that sure, litecoin mining was unprofitable, but they tell they mine the most profitable coin... Litecoin mining was indeed unprofitable. And so was all scrypt mining for any reasonable mix of coins (every multipool suffered from low payouts, because there were no scrypt coins in reasonable market depth that could be mined). And due to the low BTC price, scrypt mining became unprofitable at ~10 Watt per MH/s. If new hardware would allow scrypt mining at, e.g., 1 Watt per MH/s this would lower the production cost by a factor of 10 and this new hardware would be profitable. If (and that is a big "if") such hardware would be available we would offer it. |
|
|
|
|
|
SavellM
|
|
April 28, 2015, 10:38:44 AM |
|
Just wondering what people are mining with SHA256?
Whats the most profitable coin to mine at the moment?
|
|
|
|
|
IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
|
|
April 28, 2015, 11:08:07 AM |
|
Just wondering what people are mining with SHA256?
Whats the most profitable coin to mine at the moment?
I just mine BTC with my SHA 256 hashpower unless I specifically want a payout in LTC or Doge or Dash etc and let the autotrade do the job of trading it for me without having to do that myself. Saves time then. Ian |
|
|
|
|
