Zeta0S
Legendary
 Offline
Activity: 1890
Merit: 1031
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April 28, 2015, 06:51:48 PM |
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BTC and Lottocoin
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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flyingplows
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April 28, 2015, 07:09:46 PM |
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Since they are such ROI unfriendly, genesis-mining could add some exciting altcoins to get paid by. This way we could add buying pressure to our favorite coins. Or make a voting available to their customers on what new coin to include. There are some new exciting PoS coins that I would gladly support with my otherwise unprofitable ghs that are still left here.
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Icon
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April 28, 2015, 07:12:09 PM |
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I vote for netcoin POW/POS all in 1  and then i wouldn't have to use that sneaky cryptsy and paying .25% trading fees  Icon |
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julian071
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May 04, 2015, 02:22:50 PM |
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Well made! Where are you planning to use it? |
=P
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Glucose
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May 04, 2015, 05:37:06 PM |
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Nice one. You should buy advertising space on TV  What about the "big news" you were keeping secret ? Anything soon? |
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Genesis-Mining (OP)
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May 05, 2015, 05:11:12 AM |
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Nice one. You should buy advertising space on TV What about the "big news" you were keeping secret ? Anything soon? Likely even this or next month Stay tuned, it will be big! |
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Zeta0S
Legendary
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Activity: 1890
Merit: 1031
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May 05, 2015, 10:14:28 PM |
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I love the video, great quality stuff! |
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flyingplows
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May 06, 2015, 07:00:17 PM |
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Plain and simple explanation what's going on in a video... The concept looks great, but, you know, when I saw that man getting old in the context of genesis mining I thought he was STILL WAITING FOR ROI HERE  But looks like he's enjoying the profits, so be it... |
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Glucose
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May 08, 2015, 01:11:29 PM |
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"I think it will change the world just as profoundly" I hope you are right Marco |
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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May 09, 2015, 06:56:20 AM |
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Just had a look on the GM website and noticed the prices have changed.
Not by a huge amount but I guess any price change is a good thing.
Ian
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Genesis-Mining (OP)
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May 10, 2015, 09:22:57 AM |
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Dear Community,
Thanks for your support as always.
We have new SHA-256 hashpower pricing.
Gold : 50 Gh/s - 22.49 USD ($0.45 per Gh/s)
Platinum : 1000 Gh/s - 419 USD ($0.42 per Gh/s)
Diamond :15,000 Gh/s - 5,850 USD ($0.39 per Gh/s)
As always please look out here, Facebook, Twitter for news and announcements and if you have an account with us, your newsletter.
As mentioned already, we have a big announcement coming soon.
Your Genesis Mining Team
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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May 10, 2015, 10:41:26 AM |
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Dear Community,
Thanks for your support as always.
We have new SHA-256 hashpower pricing.
Gold : 50 Gh/s - 22.49 USD ($0.45 per Gh/s)
Platinum : 1000 Gh/s - 419 USD ($0.42 per Gh/s)
Diamond :15,000 Gh/s - 5,850 USD ($0.39 per Gh/s)
As always please look out here, Facebook, Twitter for news and announcements and if you have an account with us, your newsletter.
As mentioned already, we have a big announcement coming soon.
Your Genesis Mining Team
I guess any new pricing changes helps. Looking forward to the announcement. |
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creuz
Member
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Activity: 119
Merit: 10
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May 10, 2015, 07:55:51 PM
Last edit: May 10, 2015, 08:10:48 PM by creuz |
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Dear Community,
Thanks for your support as always.
We have new SHA-256 hashpower pricing.
Gold : 50 Gh/s - 22.49 USD ($0.45 per Gh/s)
Platinum : 1000 Gh/s - 419 USD ($0.42 per Gh/s)
Diamond :15,000 Gh/s - 5,850 USD ($0.39 per Gh/s)
As always please look out here, Facebook, Twitter for news and announcements and if you have an account with us, your newsletter.
As mentioned already, we have a big announcement coming soon.
Your Genesis Mining Team
400 days ROI (if difficulty doesn't change, which is unlikely)... useless, I already lost too much money with you. If somebody wants to send me coins, I promise to give him back dust everyday for 200 days then I will declare mining too expensive to pay fees . I can even promise the ROI of my service, although unreachable (like GM service), will be 80%. Send me your coins and I will send you back 80% of them in 100 days. Yes I'm stealing you but less than Genesis Mining (don't expect to recover even 50% of your coins with them). Genesis Mining, tell me, why do you even need hardware with this kind of service ? As you know that it will be obsolete far before ROI ? What is the point of buying new hardware (let's suppose you are buying new hardware...) ? Why don't you just mine for yourself if you believe this is profitable ? Monkey business |
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creuz
Member
Offline
Activity: 119
Merit: 10
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May 10, 2015, 08:06:43 PM |
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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May 10, 2015, 08:50:40 PM |
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I just looked that up. Yes it is 0.39 USD per GH/s but then I would have to add delivery costs. Plus, I then have to buy a 750W PSU, a gold rated one probably as I wouldn't want something that was going to blow up after a few weeks My electricity costs where I live are 0.23 USD per KWH. So after looking at that, I would be making a loss each day as my electricity costs would be more than the Bitcoin I am mining on the Mining Rig. This is why cheap electricity is essential. What if I get it and a month later it acts up or dies, then I have to send it back if it still under guarantee. So that is even more costs. So for me, mining 1TH with Genesis Mining is a far better option. 400 Day ROI, who cares, it's a lifetime contract and right now Bitcoin value is quite low, I think it will get higher so ROI time will get less and less and if it is 400 days or more, I don't care, I am in this for the longterm. BTW, go and buy that Antminer S5, do some research first, find out your electricity costs, ask your loved ones if they don't mind having the noise of it on all day long and also the heat, hope you get sufficient cooling etc. Good luck Ian |
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creuz
Member
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Activity: 119
Merit: 10
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May 10, 2015, 09:02:10 PM |
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I just looked that up. Yes it is 0.39 USD per GH/s but then I would have to add delivery costs. Plus, I then have to buy a 750W PSU, a gold rated one probably as I wouldn't want something that was going to blow up after a few weeks My electricity costs where I live are 0.23 USD per KWH. So after looking at that, I would be making a loss each day as my electricity costs would be more than the Bitcoin I am mining on the Mining Rig. This is why cheap electricity is essential. So for me, mining 1TH with Genesis Mining is a far better option. 400 Day ROI, who cares, it's a lifetime contract and right now Bitcoin value is quite low, I think it will get higher so ROI time will get less and less and if it is 400 days or more, I don't care, I am in this for the longterm. BTW, go and buy that Antminer S5, do some research first, find out your electricity costs, ask your loved ones if they don't mind having the noise of it on all day long and also the heat, hope you get sufficient cooling etc. Good luck Ian Unreachable for unreachable I prefer to buy a real hardware than sponsoring a team of kids doing virtual mining. "400 Day ROI, who cares, it's a lifetime contract", so funny. I bet with you that 100 days from now the ROI will become 600 days then 200 days from now they will stop your contract because fees will be more expensive than income. In the end your return will be less than 50%... who cares yes And tell me why don't they mine for themselves if they trust their business ? And can they show us their mining Bitcoin address to check their real hashrate. Why don't they provide realtime hashrate, blocks found..., like every pool is able to do ? |
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Zeta0S
Legendary
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Activity: 1890
Merit: 1031
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May 10, 2015, 09:23:41 PM |
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I just looked that up. Yes it is 0.39 USD per GH/s but then I would have to add delivery costs. Plus, I then have to buy a 750W PSU, a gold rated one probably as I wouldn't want something that was going to blow up after a few weeks My electricity costs where I live are 0.23 USD per KWH. So after looking at that, I would be making a loss each day as my electricity costs would be more than the Bitcoin I am mining on the Mining Rig. This is why cheap electricity is essential. What if I get it and a month later it acts up or dies, then I have to send it back if it still under guarantee. So that is even more costs. So for me, mining 1TH with Genesis Mining is a far better option. 400 Day ROI, who cares, it's a lifetime contract and right now Bitcoin value is quite low, I think it will get higher so ROI time will get less and less and if it is 400 days or more, I don't care, I am in this for the longterm. BTW, go and buy that Antminer S5, do some research first, find out your electricity costs, ask your loved ones if they don't mind having the noise of it on all day long and also the heat, hope you get sufficient cooling etc. Good luck Ian +1 |
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creuz
Member
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Activity: 119
Merit: 10
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May 10, 2015, 09:24:32 PM |
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Erratum, the current Return On Investment is 571 days (not 400 days)... worse and worse. That means that when you give one bitcoin to Genesis Mining today, if difficulty does'nt change for 571 days (lol), you will get back your bitcoin at the end of 2016 (may be for christmas who knows). If (likely) difficulty rise before these 571 days, you can consider you will never see your bitcoin again.
Good luck
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