IanFoxley
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Activity: 910
Merit: 1000
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September 30, 2015, 07:31:24 PM |
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Cool! How do we interpret the spikes on payout line? What are they?
Not sure..are they errors, glitches..if you look at the date axis then this graph has covered many months. It covers February to October. Just wish they would get up enough so that those including me with the older contracts can get out of this 20 day no payout thing as time is running out. |
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elrippo
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Activity: 1008
Merit: 1001
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September 30, 2015, 07:33:21 PM |
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Cool! How do we interpret the spikes on payout line? What are they?
The spikes are missing payouts for 24h which were paid out the next day + the regular payment of the next day  |
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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September 30, 2015, 07:33:47 PM |
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Cool! How do we interpret the spikes on payout line? What are they?
The spikes are missing payouts for 24h which were paid out the next day + the regular payment of the next day Ok thanks for clearing that up. |
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clgrissom3
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Activity: 1190
Merit: 1008
Carl, aka Sonny :)
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September 30, 2015, 07:38:51 PM |
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Cool! How do we interpret the spikes on payout line? What are they?
The spikes are missing payouts for 24h which were paid out the next day + the regular payment of the next day Now it makes sense! |
I proudly mine at the Kano Pool, the Best Bitcoin Pool in the World!
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UserVVIP
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September 30, 2015, 07:48:02 PM |
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Isn't cloud mining just a ponzi scheme designed to get people to hand over there hard earned BTC?
I am not signing up with you guys. Sorry.
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elrippo
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Activity: 1008
Merit: 1001
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September 30, 2015, 07:56:56 PM |
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Isn't cloud mining just a ponzi scheme designed to get people to hand over there hard earned BTC?
I am not signing up with you guys. Sorry.
Well, not all. Bitmain has hashnest and others have their own cloud mining services aswell. If it is a ponzi or not is quite "simple" to detect, especially in referal program earnings above 2,5% it is likely to be a ponzi, etc, etc, etc... |
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BitcoinNewsMagazine
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Activity: 1134
Merit: 1011
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September 30, 2015, 08:06:42 PM |
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Isn't cloud mining just a ponzi scheme designed to get people to hand over there hard earned BTC?
I am not signing up with you guys. Sorry.
Hashnest, Bit-X and BW are legitimate and have exchanges where you can buy and sell hashing power. Genesis Mining is legitimate far as anyone knows just not transparent. Are they practicing fractional reserve mining? No one knows. Once you buy from GM you are stuck with it though. Hashnest is the hosted mining arm of Bitmain who introduced the S7 miner last month. S7 hash will trade on Hashnest about October 10 with maintenance fees half the best GM has to offer. Meaning no one with the smarts to research before they buy will be buying at GM until they update their hardware and lower maintenance fees. |
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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September 30, 2015, 08:09:20 PM |
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Isn't cloud mining just a ponzi scheme designed to get people to hand over there hard earned BTC?
I am not signing up with you guys. Sorry.
Hashnest, Bit-X and BW are legitimate and have exchanges where you can buy and sell hashing power. Genesis Mining is legitimate far as anyone knows just not transparent. Are they practicing fractional reserve mining? No one knows. Once you buy from GM you are stuck with it though. Hashnest is the hosted mining arm of Bitmain who introduced the S7 miner last month. S7 hash will trade on Hashnest about October 10 with maintenance fees half the best GM has to offer. Meaning no one with the smarts to research before they buy will be buying at GM until they update their hardware and lower maintenance fees. Will be posting BTC (AUTO) payouts based on 1MH/s X11 tomorrow so can compare with all the different Hashnest and GM contracts. Then when S7 hashpower is available will be purchasing that too so everyone can compare payouts with all from both. |
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clgrissom3
Legendary
Offline
Activity: 1190
Merit: 1008
Carl, aka Sonny :)
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September 30, 2015, 09:15:23 PM |
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Isn't cloud mining just a ponzi scheme designed to get people to hand over there hard earned BTC?
I am not signing up with you guys. Sorry.
Hashnest, Bit-X and BW are legitimate and have exchanges where you can buy and sell hashing power. Genesis Mining is legitimate far as anyone knows just not transparent. Are they practicing fractional reserve mining? No one knows. Once you buy from GM you are stuck with it though. Hashnest is the hosted mining arm of Bitmain who introduced the S7 miner last month. S7 hash will trade on Hashnest about October 10 with maintenance fees half the best GM has to offer. Meaning no one with the smarts to research before they buy will be buying at GM until they update their hardware and lower maintenance fees. Will be posting BTC (AUTO) payouts based on 1MH/s X11 tomorrow so can compare with all the different Hashnest and GM contracts. Then when S7 hashpower is available will be purchasing that too so everyone can compare payouts with all from both. You have tenacity; I gotta give you that! I have a contract so I have to ride it out until it gets shut down by GM and circumstances but I will stick to having hardware that I own running in data centers. Then I can use the resale value to upgrade to the next greatest thing coming off the assembly line. It has been very lucrative for me by doing it this way. I tried cloud mining as a test but it's not working out so well for me…there are just so few options. Actually there are no options here. So, no more of these contracts for me. |
I proudly mine at the Kano Pool, the Best Bitcoin Pool in the World!
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yazx
Member
Offline
Activity: 76
Merit: 10
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September 30, 2015, 09:48:43 PM |
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What happened? I cannot access the site - Edit - I can access now.  |
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Roquene
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September 30, 2015, 10:04:47 PM |
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What happened?
I cannot access the site
Same. But i'm sure this is fixed soon. And is a screenshot for a white site really necessary?  |
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Roquene
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September 30, 2015, 10:16:11 PM |
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Yep, it's back.
Just a temporary routing problem i guess.
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StevenLiang
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October 01, 2015, 06:50:23 AM |
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Isn't cloud mining just a ponzi scheme designed to get people to hand over there hard earned BTC?
I am not signing up with you guys. Sorry.
Hashnest, Bit-X and BW are legitimate and have exchanges where you can buy and sell hashing power. Genesis Mining is legitimate far as anyone knows just not transparent. Are they practicing fractional reserve mining? No one knows. Once you buy from GM you are stuck with it though. Hashnest is the hosted mining arm of Bitmain who introduced the S7 miner last month. S7 hash will trade on Hashnest about October 10 with maintenance fees half the best GM has to offer. Meaning no one with the smarts to research before they buy will be buying at GM until they update their hardware and lower maintenance fees. Will be posting BTC (AUTO) payouts based on 1MH/s X11 tomorrow so can compare with all the different Hashnest and GM contracts. Then when S7 hashpower is available will be purchasing that too so everyone can compare payouts with all from both. You have tenacity; I gotta give you that! I have a contract so I have to ride it out until it gets shut down by GM and circumstances but I will stick to having hardware that I own running in data centers. Then I can use the resale value to upgrade to the next greatest thing coming off the assembly line. It has been very lucrative for me by doing it this way. I tried cloud mining as a test but it's not working out so well for me…there are just so few options. Actually there are no options here. So, no more of these contracts for me. People that look for roi don't care about genesis-mining, and genesis-mining doesn't care about people looking for roi, just some noobs wanting some cloudmining so badly that they don't do any calculations before sending money. For Genesis-Mining, can you give our more transparent about your mining pool, your mining calculator or etc instead of make people loss in long-term period? |
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yazx
Member
Offline
Activity: 76
Merit: 10
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October 01, 2015, 07:42:49 AM |
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Edit post
- Receive refund now -
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Genesis-Mining
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October 01, 2015, 10:53:08 AM |
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Hi Everyone.
Just a heads up that at 15:00 (3pm) EST, there will be another live webinar and we will be focussing exclusively on X11.
If you have any questions to ask us then you can post your questions on Twitter using hashtag #GenesisLive or write an email to live@genesis-mining.com!
Thanks
Genesis Mining
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StevenLiang
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October 01, 2015, 11:08:21 AM |
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Hi Everyone.
Just a heads up that at 15:00 (3pm) EST, there will be another live webinar and we will be focussing exclusively on X11.
If you have any questions to ask us then you can post your questions on Twitter using hashtag #GenesisLive or write an email to live@genesis-mining.com!
Thanks
Genesis Mining
Thanks for your info, please make a brief conclusion when you finish the webinar. I haven't know the detail about X11 so far. Thank you, Steven Liang |
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Indianacoin
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October 01, 2015, 12:19:36 PM |
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Will x11 mining be really profitable compared to the one-year/lifetime contracts?
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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October 01, 2015, 12:36:08 PM |
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Will x11 mining be really profitable compared to the one-year/lifetime contracts?
My first X11 payouts, not for a full 24 hours mining were the following. Based on 1MH/s Dash 0.01593240 DRK Startcoin 1.32863389 Payouts tomorrow will be a full 24 hours so should get a better idea. For some reason my BTC (AUTO) X11 payouts ended up being paid out as Dash as well, so not sure if i messed up or was something else. I had purchased 3 x 1 MH/s X11 contracts so I could get a payout of each to share with users in my thread or youtube channel in future. |
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Indianacoin
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October 01, 2015, 01:24:30 PM |
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My first X11 payouts, not for a full 24 hours mining were the following. Based on 1MH/s
Dash 0.01593240 DRK
Startcoin 1.32863389
What is your present allocation percentage of Dash and Startcoin ? Btw, will Startcoin be the most profitable among the two? (I thought of trying out a 3Mh/s hashpower) Let's hope all goes well  |
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