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

[IanFoxley]

100 MH/s cost $1805

Dashcoin with 100 MH/s = $12.62 daily = $378,6 monthly

ROI = 4,8 Month


With 500 MH/s a ROI of 4,1 possible


Of course at current price and without difficulty change.
could be faster or way longer. but i think a acceptable profit is possible in lifetime of the contract.
if you are able to watch the X11 coins and switch mined coin @ GM accordingly

would love to test it. somebody lend me 10 BTC?

No need, i purchased 300 MH/s so I am the guinea pig here.

As payouts with BTC (AUTO) are around 0.0003 BTC per MH/s I was expecting around 0.09 BTC a day. Although we shall see ..haha..

I was just going to leave it on BTC (AUTO) cos if Dash and Startcoin go up in value against BTC then surely my BTC payouts would increase as well as BTC (AUTO) is based on X11 coins being traded and paid out to BTC...I guess if you mine Dash and then hang onto it and then sell when price is high and buy back when price is low you could do ok..But I am terrible at that

[1713959321]

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[Genesis-Mining]

Hi Genesis Mining community!

We have updated the X11 Mining allocation page to include some more choices like we have on our SHA 256 mining allocation page.

X11 miners can allocate hashpower to

Dash
Startcoin 
BTC(AUTO)

We have added the following:

Litecoin (AUTO)
Doge (AUTO)
BTCD (AUTO)

Do not forget (AUTO) means Autotrade and this means mining profitable X11 coins and then returns are traded to the (AUTO) coin you have allocated hashpower to and paid out in that coin.

[clgrissom3]

Up to 10/7/2015...another bit of a bump in payout.

[Icon]

What happen if contact 1 year x11 expire?

i will get back my  btc or no?

NO, you get EVERYONE's BTC back .....

[Soylent_Green]

Still no payout. Too bad...

And no gesture of goodwill for the oldest customers. Not sure you will still go a long way GM. Customers who don't ROI won't reinvest.

You've signed a contract with a predetermined fee.

It is not the fault of GM when the Bitcoin price too low, or the Difficulty is too high and the contract is no longer profitable.

Even the new contracts with lower fees are a losing proposition. But I speculate on rising prices. Of course, this can also totally go wrong and my money is gone. The risk is always there.

Seemingly still think people that here would be a magic money printing machine. But it's a high-risk investment. In a still experimental cryptographic currency.

And if GM would everyone pay compensation, the company would be bankrupt within days. Why should they give away money? They are also a profit-oriented company.

[BitcoinNewsMagazine]

Still no payout. Too bad...

And no gesture of goodwill for the oldest customers. Not sure you will still go a long way GM. Customers who don't ROI won't reinvest.

You've signed a contract with a predetermined fee.

It is not the fault of GM when the Bitcoin price too low, or the Difficulty is too high and the contract is no longer profitable.

Even the new contracts with lower fees are a losing proposition. But I speculate on rising prices. Of course, this can also totally go wrong and my money is gone. The risk is always there.

Seemingly still think people that here would be a magic money printing machine. But it's a high-risk investment. In a still experimental cryptographic currency.

And if GM would everyone pay compensation, the company would be bankrupt within days. Why should they give away money? They are also a profit-oriented company.

Right. And all current GM contracts will be underwater when block halving occurs next summer and fees > revenue at current bitcoin price range. Buying any bitcoin mining contract at GM right now is high risk. You are placing a bet that bitcoin price will double by next summer. The trouble with that type of bet is GM is the house and the house always wins. You need to look for hosted bitcoin mining with daily fees that are half of what GM charges if you want to give yourself any type of edge.

[Wintermute]

Still no payout. Too bad...

And no gesture of goodwill for the oldest customers. Not sure you will still go a long way GM. Customers who don't ROI won't reinvest.

You've signed a contract with a predetermined fee.

It is not the fault of GM when the Bitcoin price too low, or the Difficulty is too high and the contract is no longer profitable.

Even the new contracts with lower fees are a losing proposition. But I speculate on rising prices. Of course, this can also totally go wrong and my money is gone. The risk is always there.

Seemingly still think people that here would be a magic money printing machine. But it's a high-risk investment. In a still experimental cryptographic currency.

And if GM would everyone pay compensation, the company would be bankrupt within days. Why should they give away money? They are also a profit-oriented company.

You got it right Soylent Green!

Everyone is responsible for his own investment. People should stop whining and blaming someone else. If you do not understand the risks, you should not invest. I am doing lots of investments and some work out and some do not - that is how it is. GM is doing exactly what they promised according to the contract.

And I came to the same conclusion: their X11 contracts look like a good investment opportunity!

[creuz]

Right. And all current GM contracts will be underwater when block halving occurs next summer and fees > revenue at current bitcoin price range. Buying any bitcoin mining contract at GM right now is high risk. You are placing a bet that bitcoin price will double by next summer. The trouble with that type of bet is GM is the house and the house always wins. You need to look for hosted bitcoin mining with daily fees that are half of what GM charges if you want to give yourself any type of edge.

Don't need to "invest" in cloudmining if Bitcoin price double, you just have to buy Bitcoins now and you will have twice the value next summer.
Cloudmining is a monkey business, the winners are GM and its HUGE%DISCOUNT dealers.

[winguard]

are payouts delayed? my last one was Oct. 7

[clgrissom3]

Up to 10/8/2015...a bit of a bump in BTC but not payout.

[Genesis-Mining]

Hi Everyone.

Just wanted to remind everyone that payouts can be anytime each day between Midnight and 23:59 UTC time.
So on one day you might get a payout in the morning, another day in the evening and then in the morning again. It will vary every day.

We have had a lot of support tickets this evening with people asking about their payouts.

You can find out the time in UTC by typing "time in utc" in Google.

Currently as I type this it is just 8:32 PM UTC.

Genesis Mining

[Bravo_Zulu]

Up to 10/8/2015...a bit of a bump in BTC but not payout.

https://i.imgur.com/KHPnuW5.jpg

This is what i don't understand. how can btc price go up but not the pay out?

[Wintermute]

Up to 10/8/2015...a bit of a bump in BTC but not payout.

This is what i don't understand. how can btc price go up but not the pay out?

I think the price lacks one day; so the pricing on the previous day is relevant because they will probably do the BTC/USD conversion during that day. It could also be because the price is changing during the day, or pool luck could also play a role.

[clgrissom3]

Up to 10/9/2015...funny how that bump in BTC didn't translate to a bump in payout this time around.  Maybe it's two days behind!  Realistically, unless we can see pool or mining statistics, we'll never really know what the relationships are.

[elrippo]

[biggbox]

GM's payout seems to be falling. I guess it is more worth while to buy your own miners.

[Wintermute]

GM's payout seems to be falling. I guess it is more worth while to buy your own miners.

Wrong conclusion. With rising difficulty payouts for home miners are dropping, as well.

Mining at home only makes sense if (i) you have free (or very cheap electricity) available and (ii) if you do not take into account the time you spend for setting up and maintaining the machine.

[clgrissom3]

Up to 10/10/2015

[IanFoxley]

GM's payout seems to be falling. I guess it is more worth while to buy your own miners.

Wrong conclusion. With rising difficulty payouts for home miners are dropping, as well.

Mining at home only makes sense if (i) you have free (or very cheap electricity) available and (ii) if you do not take into account the time you spend for setting up and maintaining the machine.

Plus, you might need an electrician to come in and make your home safe and make improvements to your electricity supply if you have lots of miners and also you need to work out cooling as well. If miners get too hot then they dont peform at the best speeds so to cool them down means you would have to underclock them and that means they mine slower.

If you think that a Bitcoin miner is just a box you sit in the corner like an Xbox etc and just turn it on and it hums a little bit, then you have no idea of what it really is like.

When your wife or a girlfriend or perhaps your Mum or even yourself, has a vacuum cleaner on.....it turns off after a few minutes but a Bitcoin miner is like having a vacuum cleaner or a very loud hairdryer on ...all day long 24 hours a day and 7 days a week and it never goes away ...unless you turn it off or throw it out of the window hahaa.....That is just one miner, now imagine a few.

[clgrissom3]

Up to 10/11/2015...boring!  We will need to see BTC at $300 before this thing will show any real improvement.