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

[IanFoxley]

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I ran my contract details though coinwarz, and it came out saying that mining Zeta is nearly 300% more profitable than bitcoin.

Did I do something wrong? Or is that really true? Anyway, for my calculation, "Watts" was actually my Gh/s, and "$/kWh" was the rate GM charges daily for each GH/S.

Did something wrong. I have the correct formula: Run your contract hashrate through that, without the electricity fees, then subtract 0.0012 * Hashrate USD in the end. That will be your daily profit in USD, right? 

If your fee is 0.0012 USD per GH/s per day then you need to multiply that by the amount of hashpower you have.

For example if i have 50GH/s at that fee i would need to multiply 0.0012 x 50 to get the fee in total. Then you subtract that. 50GH/s would be 6 US Cents so you detract 6 Cents from the calculated amounts. Just to be safe I would also just check the calculated results with other calculators just to make sure.

[1714036750]

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[1714036750]

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[1714036750]

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[1714036750]

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[Zeta0S]

For now i suggest Mining Ether and Dash 

[Genesis-Mining]

Hi Genesis Mining community.

Just to let you know that Ethereum contracts have been very popular and we are now sold out of them.

We will let you know when they are back again.

Genesis Mining.

[Zeta0S]

Dash is still available 

[cancerbola]

Well... since my SHA256 contract in on life support and nearly dead, I've decided to switch to another SHA256 coin and mine those, which I will then exchange into bitcoins. I'll let you guys know how I'm going periodically. I'll start with UNO. Wish me luck!

[biggbox]

I wonder if GM has contingency plans in terms of communications and outreach when mass (auto) contract-termination starts occuring. LOL.

Looking at the way the difficulty is climbing (and yet prices are not following suit) sigh....

[CryptoHobo]

I wonder if GM has contingency plans in terms of communications and outreach when mass (auto) contract-termination starts occuring. LOL.

Looking at the way the difficulty is climbing (and yet prices are not following suit) sigh....

that explains why i'm earning more from moon faucet per week than my 250gh mining contract from these guys.
Payouts have always been quite low but this week's have been shocking, but at least they're a legit company.
I've already been burned by 2 that turned out not to be

[matete]

Hi Genesis Mining community.

Just to let you know that Ethereum contracts have been very popular and we are now sold out of them.

We will let you know when they are back again.

Genesis Mining.

I was surprised to realize that my payouts from the mining contract have reduced drastically. About a month ago, I was receiving around 0.00075000btc and now am receiving 0.00008000 btc. What could be cause for this drastic drop?

[Wintermute]

Hi Genesis Mining community.

Just to let you know that Ethereum contracts have been very popular and we are now sold out of them.

We will let you know when they are back again.

Genesis Mining.

I was surprised to realize that my payouts from the mining contract have reduced drastically. About a month ago, I was receiving around 0.00075000btc and now am receiving 0.00008000 btc. What could be cause for this drastic drop?

You are probably referring to a Bitcoin contract, right?

The Bitcoin contracts suffer from a relatively low Bitcoin price and because difficulty increased by a huge amount in the last two months. Difficulty before was slowly rising, but the last two months really killed payouts

https://bitcoinwisdom.com/bitcoin/difficulty

I certainly did not forsee that Bitcoin difficulty would increase that much, but preferred investing in X11 / Ether for a long time. X11 hashrate is not increasing in such an insane way and the Dash price is doing very well (Ether is even better!).

[Wintermute]

By the way: I think it is a huge advantage to invest in a mining contract soon after new prices are available. Then you can get buy the best hardware at that point in time.

[julian071]

Next BTC difficulty change is in 1.6 days. Brace yourselves.

https://bitcoinwisdom.com/bitcoin/difficulty

[meprun]

I hope genesis mining offers a swap proposal or another good minable coin to keep up the contracts.
Zetacoin is very unpredictible in hashrate and unobotanium should not be high, if it is high something is wrong because the coin sees itself as very exclusive. Like the caviaar under the coins.
I feel a little bit cheated. If i did more homework how the hashrate would evolve i wouldnt buy sha256 hashrate.
What i've heard the block size debate also has a big impact on mining. If they increase it factor 2x no mining on bitcoin is good anymore i fear.
The decision will come this summer at the least. Genesis mining must knew about this. For me it looks like they bet against the costumer with more inside knowledge.

[matete]

I can't believe that I am now receiving 4009  satoshi as payouts from Genesis-Mining. Only a few weeks ago I was receiving 85k satoshi and I have not made any changes to my contract.

[tokingtoking]

little bit increase...

[Zeta0S]

Hi Genesis Mining community.

Just to let you know that Ethereum contracts have been very popular and we are now sold out of them.

We will let you know when they are back again.

Genesis Mining.

I was surprised to realize that my payouts from the mining contract have reduced drastically. About a month ago, I was receiving around 0.00075000btc and now am receiving 0.00008000 btc. What could be cause for this drastic drop?

Payouts are in Ether my friend, not btc

[babs1975]

I was planning to invest in Genesis-mining due to positive previews. I have read several posts on this thread and it is confusing to me. Should I just go ahead and invest or should I think of buying my own hardware and join a mining pool?. Am still new in this

[julian071]

Well, diff went up almost 20% and the BTC price is still low. Curious to see what will be left of the payments tonight.

[IanFoxley]

Well, diff went up almost 20% and the BTC price is still low. Curious to see what will be left of the payments tonight.

Yes things are not looking good for those on the 0.0015 USD contracts like myself.

I have a feeling that today will be the start of the zero payouts and less for those.

These difficulty rises have really caused issues for my contracts not just here but with other providers.

[IanFoxley]

I was planning to invest in Genesis-mining due to positive previews. I have read several posts on this thread and it is confusing to me. Should I just go ahead and invest or should I think of buying my own hardware and join a mining pool?. Am still new in this

I would go over toe the Mining section on the forums.
https://bitcointalk.org/index.php?board=14.0

Due to the difficulty rises, there are lots of home users who are having to stop now and give up just because they can not make no more profits no more due to the big boys boosting the difficulty up so much. Probably due to Chinese New Year coming up and they need to get things set up before people have holiday

Unless you are running on free electricity, I think home mining is dead for now.

But as you know your own situation better than me, go and have a look there and perhaps make a post as those guys there will no doubt offer advice etc.

Ian

[biggbox]

lol. 3600++ satoshis payout for one of my contracts.   It was 27000++ satoshis yesterday. And noticed I am now using satoshis as the unit of measurement.