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

[julian071]

Certainly +1.

But, it took some people. including me, some time to do the math. It didn't help that GM did not respond quickly to people asking wth was going on. In fact, it took them a day or four. Then when they did respond, everybody was pissed already, and then pissed off some more, because GM just bluntly stated the math, it did not feel like they were feeling for their customers. If I were GM I'd notify anybody right away about their contract not turniing a profit anymore, as a courtesy and to prevent having to explain everything later.

And of course, some people are just crude and rude. The unfortunate thing is, they tend to post a lot. Unlike you.

[galdur]

This guy will be singing this same song in six months and twelve months when a new bunch of victims will be "rude and aggressive". I was warning about this shit early in the year. It´s always the same story. People just believe what they WANT to believe even if it´s tripe and hot air and hype like this co. is known for.

[galdur]

If they cut the price by 50% it may make sense. As it is it´s totally hopeless. Just nonsense.

One THS costs 1.8 BTC. It pays 0.0029 BTC per day. That´s 600 days at current BTC price and difficulty. Better factor in at least 50% diff increase per year. As for BTC price it could rise and it could also fall enough for your investment to evaporate. If it goes sideways the diff increase will pretty much wipe you out.

Now; at 300 dollars BTC the above pays 0.0041 BTC per day that´s 450 days. Again the diff factor comes in and uncertainty about the BTC price.

The price of the hash is simply way too high for this risk. There´s no way around it.

[creuz]

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

And so 4 months later..

I'm a genius (or it was obvious).

Now you can cry or try to find noobs to make this monkey business continue (ask IanFoxley and Zetaos, unofficial GM dealers ).

[Zeta0S]

Another increase with the same BTC price and Difficulty...

Thanks for the clear graphics, good job and clear overview.
I am happy the Payouts going up.
Bitcoin rise as well 


Other good news
Estimated Next Difficulty:    58,569,702,990 (-1.29%)

@zetaos
Care to share one of you screenshots to see how hard you were hit with this payments drops

As screenshot of one of my accounds promise yesterday.

[dead_m92]

Can not complain at the moment.


Started with 75 GH/s (old contract)
Bought 250 GH/s new contract (18.09)

Last payout is 251 Sat. per GH/s.
That's okay.

The payments were down for a short time. Simultaneously there were problems with Hashnest.
But now it is running at two providers again flawlessly.

The ROI here is still 22 Months. But I do not care. GM is the long-term backup. Nothing to get rich quick.
And if the Bitcoin price rises again, the ROI is also much faster.
Perhaps the returns are not yet stunning. But we'll see what the future brings.

I'm not saying that I 100% trust GM.
But I think it is unlikely that this project suddenly ends in the next few years.

And Bitcoin-Business is always High-Risk-Investment.
There is no Magic Money Machine.


EDIT
@ Genesis-Mining
A well-intentioned tip.

Either participate in the discussion or completely stay out.
But just delete posts is a really stupid idea. You are doing yourselves any favors.

Furious and disappointed customers do not pay.

Or in other words:
When I kindly ask a question here, and this post will be deleted without comment, that raises a damn badly on you.
Don't do that.

Do you still get payout for your old contracts?

Yeah pls bitcoin go up fast or otherwise contracts will be terminated....

really hope diff goes down as expected would help also but the price needs to rise 5-10%

[dead_m92]

Another increase with the same BTC price and Difficulty...

Thanks for the clear graphics, good job and clear overview.
I am happy the Payouts going up.
Bitcoin rise as well 


Other good news
Estimated Next Difficulty:    58,569,702,990 (-1.29%)

@zetaos
Care to share one of you screenshots to see how hard you were hit with this payments drops

As screenshot of one of my accounds promise yesterday.

Do you have contracts running with 20 cents fee? Do they get paid? And whats up with this spoondolies accounts is he a user who did heavy marketing for  GM?? And how can i check if i used spoondolies as a reference?

[Zeta0S]

Another increase with the same BTC price and Difficulty...

Thanks for the clear graphics, good job and clear overview.
I am happy the Payouts going up.
Bitcoin rise as well  


Other good news
Estimated Next Difficulty:    58,569,702,990 (-1.29%)

@zetaos
Care to share one of you screenshots to see how hard you were hit with this payments drops

As screenshot of one of my accounds promise yesterday.

Do you have contracts running with 20 cents fee? Do they get paid? And whats up with this spoondolies accounts is he a user who did heavy marketing for  GM?? And how can i check if i used spoondolies as a reference?

They are in my portfolio yes. I know the contracts i got, Genesis Mining kept there end of the deal. To bad Bitcoin got so low. Hoping X11 mining will get available soon.
About the paymenst
Some of my payments can be found here
https://blockchain.info/address/12HSfuCFGoar5ZBwqHdpsUWprnSfSPRhJc

[Roquene]

Do you still get payout for your old contracts?

If my math is not total off, yes. But not 100%.
Overall payout at the moment is 89.60% of my calculation.

Think it should normalize in the next days.

[Glucose]

Do you still get payout for your old contracts?

If my math is not total off, yes. But not 100%.
Overall payout at the moment is 89.60% of my calculation.

Think it should normalize in the next days.

I'm not paid with my older contracts. So there is a problem somewhere ^^

Unless you don't have 0.02$ /ghs contract but 0.015 ?

[Roquene]

Unless you don't have 0.02$ /ghs contract but 0.015 ?

The old one is 0.015, yes.
Did not know 0.02 contracts exist.

These should be now worthless, true.

[julian071]

BTC up 3% in the last week, should go some way to compensate for the 4.17% increase in difficulty, but payout was still dust today =(

[tiggytomb]

I thnk the ROI is far too long at the current rate,  if the prices were dropped it might be worth it to give a shorter return.

[alienesb]

I thnk the ROI is far too long at the current rate,  if the prices were dropped it might be worth it to give a shorter return.

It will never be worthwhile if you can't resell it.

[clgrissom3]

Chart from yesterday's work paid out today...

[BitcoinNewsMagazine]

I thnk the ROI is far too long at the current rate,  if the prices were dropped it might be worth it to give a shorter return.

It will never be worthwhile if you can't resell it.

Right. The only options to buy hashing where you can readily sell on exchange are Hashnest, Bit-X.com and BW.com.

[AltFaucets]

I thnk the ROI is far too long at the current rate,  if the prices were dropped it might be worth it to give a shorter return.

It will never be worthwhile if you can't resell it.

Right. The only options to buy hashing where you can readily sell on exchange are Hashnest, Bit-X.com and BW.com.

And that's the only reason why I buy GHS there, not from GM ..

[clgrissom3]

Chart for mining day 9/25...

[Indianacoin]

Right. The only options to buy hashing where you can readily sell on exchange are Hashnest, Bit-X.com and BW.com.

Hi, Can you share your experience with https://www.bw.com/ ?? I know you can't comment here so you can PM me about it. I have tried both Hashnest and Bit-x and I wanna try this out !

[lama-hunter]

Chart for mining day 9/25...

how is this possible??