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

[Genesis-Mining]

Can GM confirm if affiliate codes are working?

1. Key in affiliate code. Promotion Code valid, total price reflected the discount.

2. Went to confirmation page where it ask you to send BTC. The price did not reflect the discount.

3. Paid for the amount reflected (silly of me).

4. Affiliate did not receive bonus hash power.

Can you contact our support about this. contact@genesis-mining.com

This is because we have no idea of your GM login details on the forum so we can not look into your account etc.

Thanks

[1714143500]

1714143500

[1714143500]

1714143500

[elrippo]

[dead_m92]

They have not finished, I still have the same total number of TH's, and have not received any communication that the contracts would be terminated.

Now they are finished. GM loves so much his customers he will stab them in the back whenever he can. It's a shame they finished our contracts because the miners we paid for are now making profit even with 2$ / TH / day. Our profit is going right now in GM and Marco's pockets.


I'll never again re-invest here and strongly advice you to do the same. I also left a negative feedback on their profile and advice all the oldest customers to do the same.

How beautiful Iceland is!
Do you remember the exclusive gallery BI (Business Insider) was showing from our mining farm there? It is here:

http://uk.businessinsider.com/photos-iceland-bitcoin-mine-genesis-mining-cloud-2015-8?IR=T

i partly agree its sad now with the price rising our contracts are determinated but contract is contract unfortunatly

[Roquene]

Now they are finished. GM loves so much his customers he will stab them in the back whenever he can. It's a shame they finished our contracts because the miners we paid for are now making profit even with 2$ / TH / day. Our profit is going right now in GM and Marco's pockets.

Not sure if i understand the problem here.
The contracts where not longer profitable for over 20 days; so they were terminated.
This was agreed in the contract that way. And you signed this Agreement.

It is annoying when the contract is worth again shortly after the end. But that is not the fault of GM.
They could not know that the Bitcoin price rises again.

Or did they canceled the Contract to early?
This would be of course something else.

By the way you can see on the GM website under 'My account> My orders' if the contract is still running.
Should at least be so. A notice from GM would be nice, however, that's right.


And since it is apparently always forgotten:

Bitcoin / Cloud Mining is highly speculative, high-risk investments
in an experimental, ever-changing new cryptographic currency,
not magic money printing machine.

[IanFoxley]

Well payouts stopped for some people including myself on Mining Day 17.09.2015

Its almost a month now since that day.

BTC price has only been going up the last few days, and it was around the 5th or 6th October when the 20 days was up. BTC price on the 6th October for example was still in the 240's.

So I would say that there was definitely 20 days of no payouts.


GM did post a notice here
https://bitcointalk.org/index.php?topic=602022.msg12701224#msg12701224

[AltFaucets]

How beautiful Iceland is!
Do you remember the exclusive gallery BI (Business Insider) was showing from our mining farm there? It is here:

http://uk.businessinsider.com/photos-iceland-bitcoin-mine-genesis-mining-cloud-2015-8?IR=T

Thanks for sharing this link I have not seen this article.

Few years ago I was in Iceland for several months. I did not check whether Your location is official, but can you say in which city are you located or in what part of the country? My guess is that in the neighbourhood of Reykjavik I lived in Hafnarfjordur and later Reykjavik near to Skeifan.

That's right Iceland is beautiful - that's another planet

[elrippo]

Well payouts stopped for some people including myself on Mining Day 17.09.2015

Its almost a month now since that day.

BTC price has only been going up the last few days, and it was around the 5th or 6th October when the 20 days was up. BTC price on the 6th October for example was still in the 240's.

So I would say that there was definitely 20 days of no payouts.


GM did post a notice here
https://bitcointalk.org/index.php?topic=602022.msg12701224#msg12701224

What FEES do you have in your contract, 0,0020$/day/GH 
I have an 0,0019$/day/GH contract and mine is paying again. It stopped on 17.09.2015, had a little hickup on 18'th, stopped again and picked up on 23'rd again. Since then continuously paying out DUST, but it's paying 

[dead_m92]

Now they are finished. GM loves so much his customers he will stab them in the back whenever he can. It's a shame they finished our contracts because the miners we paid for are now making profit even with 2$ / TH / day. Our profit is going right now in GM and Marco's pockets.

Not sure if i understand the problem here.
The contracts where not longer profitable for over 20 days; so they were terminated.
This was agreed in the contract that way. And you signed this Agreement.

It's never too late to change a bad regulation.

Cloudmining is an industry which will need re-investment. If GM choose to lose all their early customers and is not willing to make some gestures of goodwill (for exemple : not finish contracts after 20 days if BTC price goes up and mining turns profitable again) it's a business choice and I can't agree with it.

One option would be that they collect the profitable money now and store it until their fees are covered for the 30 days without profit and then start payout again.

[clgrissom3]

Up to 10/17/2015...more upswing...

[ziomar]

Hi how long is the roi here? Sorry for newby questions, but I didn't get If it is possible to actually roi here or not.
Thanks

[clgrissom3]

Up to 10/18/2015...

[Zeta0S]

Up to 10/18/2015...

Thanks for the new graphics.
Makes it so more clear.

[IanFoxley]

Thanks for the new graphics.
Makes it so more clear.

The more i see that graph, the more like the old Coin-op game Defender it becomes...

[clgrissom3]

Up to 10/19/2015...I'm hoping that as I look at this chart all will be revealed in time and it will make sense.  I don't think it has yet.

[IanFoxley]

Up to 10/19/2015...I'm hoping that as I look at this chart all will be revealed in time and it will make sense.  I don't think it has yet.

Makes sense to me, the lines almost match most of the time, can definitely tell that GM is mining and not actually pretending just because the lines are not 100 percent similar due to fluctuations in pool results you can see things look quite good.

If you want to do graphs of other payouts, just go back and look at my payout thread so you can do the payouts for the newer 0.0012 USD contracts if you like..

Or can dare you to do my Hashnest Payout and then you will love the ups and downs and that will really confuse you haha

[netpeak]

Hi,

thanks for those graphs. Can anybody explain what happened in the beginning of September ? Payout dropped significantly and stabilized around the time the new 0.0012 contracts came available mid September, but the payout graph never rose back above the price graph. Once this happens again I will regain some confidence that those contracts will ROI and maybe even run for a long long time.

Good luck to everybody!

netpeak

[IanFoxley]

Hi,

thanks for those graphs. Can anybody explain what happened in the beginning of September ? Payout dropped significantly and stabilized around the time the new 0.0012 contracts came available mid September, but the payout graph never rose back above the price graph. Once this happens again I will regain some confidence that those contracts will ROI and maybe even run for a long long time.

Good luck to everybody!

netpeak

Thats the BTC difficulty change that caused that on the 17th September, the low priced contracts came out on the 16th September, but if BTC price keeps climbing then at some point the SAT/GHs line should start to go above the price line again.

The next BTC Difficulty rise will probably cause a drop again although at the moment the difficulty change might be small again..So will see what happens in the coming days.

At current difficulty BTC would have to fall to around 150 USD for the 0.0012 USD per GH/s contracts to stop paying out.

[Genesis-Mining]

Hello Genesis Mining Community.

We have added some more (AUTO) coins to our X11 Mining allocation page today.

They are:

Curecoin (AUTO)  https://www.curecoin.net/

Namecoin (AUTO) https://namecoin.info/

Peercoin (AUTO)  http://peercoin.net/

With X11 contracts (AUTO) means that most profitable X11 coins are mined and traded at payout time to any (AUTO) coins that you have allocated your hashpower to.

If you allocate hashpower to Curecoin for example this means that profitable X11 coins are mined and then at payout time traded and paid out as Curecoin to a Curecoin address.

Regards

Genesis Mining

[Genesis-Mining]

We are excited to announce our next live webinar will take place next Monday, October 26th at 3pm EST.

During this webinar, we'll release a video of our latest X11 farm, answer all your X11 questions, and release exclusive photos of our latest campaign to raise awareness for Bitcoin.

If you want questions answered, please email us at Live@Genesis-Mining.com or tweet @GenesisMining on twitter.

Look forward to seeing you there!

PS: Our good friends Max Keiser and Simon Dixon have
launched a new Ethereum Mining Backed Security Fund! This is the first time of Ethereum Mining in large scale! We are proud to say we'll be the company providing the mining power for this exciting project. There is only few days remaining to fund the project. Click http://tinyurl.com/pgeg6vt to check it out!

[clgrissom3]

Up to 10/20/2015...