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galdur
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December 19, 2015, 02:33:39 PM
Last edit: December 20, 2015, 12:11:50 AM by galdur |
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This is another view of how difficulty has been developing lately. The blue line in the upper right corner is starting to drop from the new adjustment to 600 sec average block time. How far it drops until Jan 1 or 2, when the next adjustment takes place, remains to be seen.  |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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Zeta0S
Legendary
 Offline
Activity: 1890
Merit: 1031
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December 20, 2015, 01:40:47 AM |
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Coupon code for 4% dicount on every order at Genesis Mining: vF8WAT
Only 2.5% |
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lama-hunter
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December 20, 2015, 09:02:30 AM |
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you guys already get your Payout? Would be great to know  regards lama-hunter |
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Martinius
Newbie
Offline
Activity: 1
Merit: 0
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December 20, 2015, 10:17:14 AM |
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Can somebody answer my question. I am particullary interested in whether when in July 2016 the reward from mining will fall by half, also the incomes will be halved or whether this fall will be compensated by increasing amount of transaction rewards? I also assume that at that time also difficulty of mining will decrease.
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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December 20, 2015, 10:23:28 AM |
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Can somebody answer my question. I am particullary interested in whether when in July 2016 the reward from mining will fall by half, also the incomes will be halved or whether this fall will be compensated by increasing amount of transaction rewards? I also assume that at that time also difficulty of mining will decrease.
Who knows!! For me it is a case of see what happens when it happens, but alot of old miners, S3s S4s etc might switch off at this point if they have not done already. But if BTC price is double what it is now for example then who knows. Thats just my take on it anyway and I am sure others have their own thoughts. |
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clgrissom3
Legendary
Offline
Activity: 1722
Merit: 1032
Carl, aka Sonny :)
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December 21, 2015, 12:10:25 AM |
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Up to 12/19/15...ouch! This contract could be in trouble real soon if BTC drops a little more.  |
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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December 21, 2015, 02:13:29 AM |
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Up to 12/19/15...ouch! This contract could be in trouble real soon if BTC drops a little more.
For a contract of 0.0015 USD per GHs, BTC price would have to fall to around 280 USD before problems at current difficulty. |
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lama-hunter
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December 21, 2015, 08:29:30 AM |
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Up to 12/19/15...ouch! This contract could be in trouble real soon if BTC drops a little more. yeah the difficuolty seems stedy addy rising and the payouts are getting worser and worser at Genesis Mining :/ I dont know why, but normally they said they could hold the btc price for this contracft under 200$ and uz can still earn with this contract. So far i think - there will be no ROI at all maybe :/ regards lama-hunter |
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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December 21, 2015, 09:13:10 AM |
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I dont know why, but normally they said they could hold the btc price for this contracft under 200$ and uz can still earn with this contract.
They have said that at the past but I think that is more to do with whatever difficulty level Bitcoin is at the time they write that rather than a promise that no matter what the difficulty level is at the future. The last few difficulty rises have been huge compared to the last 6 months for example. Just for reference. At current difficulty, contracts on 0.0012 USD per GHs or 1.20 USD per THs, Bitcoin price would have to be at around 223 USD before zero payouts. Contracts on 0.00099 USD per GHs or 0.99 USD per THs, Bitcoin price would have to be at around 185 USD before zero payouts. |
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galdur
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December 21, 2015, 01:49:51 PM |
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I dont know why, but normally they said they could hold the btc price for this contracft under 200$ and uz can still earn with this contract.
They have said that at the past but I think that is more to do with whatever difficulty level Bitcoin is at the time they write that rather than a promise that no matter what the difficulty level is at the future. The last few difficulty rises have been huge compared to the last 6 months for example. Just for reference. At current difficulty, contracts on 0.0012 USD per GHs or 1.20 USD per THs, Bitcoin price would have to be at around 223 USD before zero payouts. Contracts on 0.00099 USD per GHs or 0.99 USD per THs, Bitcoin price would have to be at around 185 USD before zero payouts. Well, on the way down to that level it would have a ROI of 3-4 years at $350 and current difficulty so it would be worthless for all practical purposes before it would be so in actual practice. Difficulty is up by a whopping 50% over the last seven weeks, that´s how fast it can balloon. And there´s lots in the pipes. |
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lama-hunter
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December 22, 2015, 07:27:30 PM |
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well okay, maybe for the Roi the btc price should stick up to gain some nice profits also. What are your earnings from GM? What do you chooseß The Lifetimecontract or the mh/s contract Would be great to know  regards lama-hunter |
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galdur
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December 27, 2015, 03:10:18 PM |
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Well, the next difficulty draws near... Estimated Next Difficulty: 104,246,006,743 (+11.55%) Adjust time: After 617 Blocks, About 3.9 days At 100,000,000,000 it will have been up a whopping 150% in 2015  Red line The difficulty. Green line The estimated next difficulty. Blue line Average block generation time of 2016 blocks. Block generation time is also known as confirmation time. Grey line Average block generation time of 1008 blocks. If grey line less than blue line, The generation time is decreasing. The more grey line is lower than blue line, the faster generation time is decreasing. After 2016 blocks generated, Bitcoin will adjust difficulty to estimated difficulty in order to keep the block generation time at 600 seconds. |
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stoat
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December 27, 2015, 04:22:20 PM |
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What is the profit for ethereum mining with this contract?
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| FREEDOMRESERVE | Free currency for the British Isles
Visit our website for more info
<-- Click here! | | FREEDOMRESERVE By the People and for the People |
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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December 27, 2015, 05:32:01 PM |
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What is the profit for ethereum mining with this contract?
Unfortunately i dont have any ETH contracts cos the wallets seem hard to set up but perhaps someone who is getting payouts per 3MHs might give an idea on payouts at the moment. Reason i put 3MHs is that is the minimum amount you can get but I am sure if you look at ETH calculator for 3MHs the result should more or less be the same. |
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Zeta0S
Legendary
Offline
Activity: 1890
Merit: 1031
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December 28, 2015, 10:58:27 PM |
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What is the profit for ethereum mining with this contract?
Unfortunately i dont have any ETH contracts cos the wallets seem hard to set up but perhaps someone who is getting payouts per 3MHs might give an idea on payouts at the moment. Reason i put 3MHs is that is the minimum amount you can get but I am sure if you look at ETH calculator for 3MHs the result should more or less be the same. The ethereum wallet sucks! Genesis sould build there own ethereum wallet, whit integrated cloudmining mining options. Also the auto btc op ethereum is no more. |
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praprata
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December 30, 2015, 07:02:22 PM |
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Time to share my experience
The only reason i joined was because i didn't take the daily maintenance fee into account properly, otherwise i would never have joined.. Why? Because if you purchase sha256 mining, nearly 45% of your daily profit at (93,448,670,796 difficulty) goes into the maintenance
So i decided to ask for a refund since they claimed to offer a 5 day moneyback guarantee...At first i got an e-mail saying that the contracts are non cancelable blah blah, however after insisting they agreed to refund me
So i should have got refunded what i invested minus what i have earned so far, however i got ripped of by about 0.03 Btc ~ 15$..
For those still wondering if they should or not invest in cloud mining, here is the stats to help you make a decision
1TH's purchased for 0.975 Btc ~ $419 at 93,448,670,796 Difficulty will generate after fees 0.0031 Btc ~ $1.33,
So even without any difficulty increase you will still need nearly 1 year to just break even... And in about 20 hours the difficulty will increase by about 12% so the same contract will only generate $1.187 instead of $1.33 in Btc profit
It's so weird that some fanboys earning cents on discount coupons are backing up Genesis Mining. It's just a few cent, and yet they are defending them as if their life depends it. Sad...LOL |
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| CloakCoin | Trustless Anonymous Cryptocurrency | PoSA3
Forum | Bitcointalk | Twitter | Slack | Facebook | VK | Reddit | CloakTV | Instagram | IRC-Chat | Faucet
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biggbox
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December 31, 2015, 12:59:47 PM |
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Time to share my experience
The only reason i joined was because i didn't take the daily maintenance fee into account properly, otherwise i would never have joined.. Why? Because if you purchase sha256 mining, nearly 45% of your daily profit at (93,448,670,796 difficulty) goes into the maintenance
So i decided to ask for a refund since they claimed to offer a 5 day moneyback guarantee...At first i got an e-mail saying that the contracts are non cancelable blah blah, however after insisting they agreed to refund me
So i should have got refunded what i invested minus what i have earned so far, however i got ripped of by about 0.03 Btc ~ 15$..
For those still wondering if they should or not invest in cloud mining, here is the stats to help you make a decision
1TH's purchased for 0.975 Btc ~ $419 at 93,448,670,796 Difficulty will generate after fees 0.0031 Btc ~ $1.33 daily
So even without any difficulty increase you will still need nearly 1 year to just break even... And in about 20 hours the difficulty will increase by about 12% so the same contract will only generate $1.187 instead of $1.33 in Btc profit daily
It is also dependent on the time you hoped on to the cloud mining band wagon. For those who went in early when price was 200+, it wasn't that bad and everyone could project their ROI. It's a different story now. It is better off buying BTC directly and hold them. |
1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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loki0505
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January 01, 2016, 12:48:19 AM |
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Exactly. It all depends when u got on, and where u think btc will be in future. U cant tell somebody it is a bad investment, what if btc goes up $600....you're mining will be worth it. I got on when btc was $287 im happy with my 1yr contract at 1Ths
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Genesis-Mining (OP)
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January 04, 2016, 09:43:45 AM |
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Hi Genesis Mining Community.
Today we have noticed that there is an Android app out there now for our Website.
I want to make it clear that this app is not designed by us, endorsed by us and could be a risk if you use it.
We advise you not to download it and if you have installed it, we think for the time being that you should remove it and not use it.
If you do use it, then you use it at your own risk.
Please also let us know if you see any website or posts elsewhere regarding this app.
Many thanks
Genesis Mining
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Zeta0S
Legendary
Offline
Activity: 1890
Merit: 1031
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January 04, 2016, 02:51:37 PM |
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Hi Genesis Mining Community.
Today we have noticed that there is an Android app out there now for our Website.
I want to make it clear that this app is not designed by us, endorsed by us and could be a risk if you use it.
We advise you not to download it and if you have installed it, we think for the time being that you should remove it and not use it.
If you do use it, then you use it at your own risk.
Please also let us know if you see any website or posts elsewhere regarding this app.
Many thanks
Genesis Mining
Hi! Happy new year! That`s so funny i was writing a email to you guys about the app. will not use it. Mining my Ether :-) |
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