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

[Digitalbitcoin]

I found few PROS of Genesis mining :

- Fast, easy and free signup
- Investments as low as 20 GHS / 1 MHS
- Mine your own Altcoin portfolio
- Two factor authentication
- Referral / promo code system

[BitcoinNewsMagazine]

At the moment with significant difficulty increases but stable bitcoin price there is really no hosted bitcoin provider with a product worth buying. Remember the block halving is coming up about July. This summer there may be more efficient miners and the situation may change. I got out of all my mining contracts at Hashnest early last month. The most interesting action I see right now is trading Ether. I would not bother with hosted mining at present at all.

[kanazawa]

I have a lifetime contract with Genesis Mining, but even paying +U$400 in october, until this moment I just received U$126. And my returns are stopped since a week ago, support tells that in 24h they will respond, but more than that has passed and nothing has been done. I was a very "straightforward" thinker of cloud mining in the very beginning (because I used Hashnest before, and sorry about the comparison, but they are pretty much accessible and ROI it's much better and quicker than GM.. sorry about that, but it's my own vision, and I'm inside of that... I paid 3x more than it ROI, so I'm very unsatisfy).... How can I reach what I invested if you don't even pay more than 20 cents a day? Calculation was not even close to that in the beginning of the contract, and even a physical miner (without counting the electicity costs) gives back ~U$40 in a month... Is that a "risky investment" or it's a "scam investment"? I'm not affirming this, I'm just asking, because there's lot of user here in the forum who mockin' about who's telling "a GM user" with a significantly pride of being a cloud mining user...

[Zeta0S]

What kind of messages would be here if bitcoin has hit a 1000 dollars for the last 6 months...

[CjMapope]

What kind of messages would be here if bitcoin has hit a 1000 dollars for the last 6 months...

pfft, they would have found another way to null everyone's contracts ;\ it's their business model
dude, you prob lost as much if not more than 80% of people how can u shill for them so hard?
i GUARANTEE, if you would have put that money into another provider such as hashnest
and upgraded your hardware cloud-wise with them as is possible
you would have more btc in your pocket than you do today (we all would), AND STILL  own performing hash in the cloud
they nuke everything on here, (prob this too), and newcomers should stay away, that simple.
those who got burned of us know now, we will not be back (not me anyways)

[alienesb]

What kind of messages would be here if bitcoin has hit a 1000 dollars for the last 6 months...

pfft, they would have found another way to null everyone's contracts ;\ it's their business model
dude, you prob lost as much if not more than 80% of people how can u shill for them so hard?
i GUARANTEE, if you would have put that money into another provider such as hashnest
and upgraded your hardware cloud-wise with them as is possible
you would have more btc in your pocket than you do today (we all would), AND STILL  own performing hash in the cloud
they nuke everything on here, (prob this too), and newcomers should stay away, that simple.
those who got burned of us know now, we will not be back (not me anyways)

I gotta say I believe you are right

[julian071]

What kind of messages would be here if bitcoin has hit a 1000 dollars for the last 6 months...

Of course, shit happens, and when it does, people will complain. And some will complain no matter what, but for the reasonable majority, a lot will depend on how GM will respond. I hope they learned something from the last time this happened. They didn't really seem to care about their customers, because they seem to see them just as that - customers. Not partners in a joint investment. I think the silence on their part right now is telling.

The first time this happened, when Scrypt collapsed, they did offer a 'douceur', which showed they at least felt our pain a little. I personally just see that Scrypt investment as an investment gone sour, just bad luck, no hard feelings. But the second time, when some SHA256 contracts were canceled, I was very disappointed in GM's reaction, and still am.

[btcgnome]

It looks like ethereum contracts are back...but I think now we are getting stiffed.  The price has more than doubled.  Before you could buy a 55 MH/s contract for under $1000 USD.  Now the cost is about $2420 USD.

Anyone else not liking this price change?  It is very suspicious how suddenly when the demand was high ethereum purchases were taken down and then come the price hike.

[btcgnome]

I hope the new Ethereum Contracts come available soon. Ether is preforming so well the last weeks 

http://coinmarketcap.com/currencies/ethereum/

It's available now.  You're gonna shoot yourself in the head when you see the price per MH/s.

[alienesb]

It looks like ethereum contracts are back...but I think now we are getting stiffed.  The price has more than doubled.  Before you could buy a 55 MH/s contract for under $1000 USD.  Now the cost is about $2420 USD.

Anyone else not liking this price change?  It is very suspicious how suddenly when the demand was high ethereum purchases were taken down and then come the price hike.

That's nuts. Buy yourself two R9 290s or 390s and you'll be able to mine at that speed and actually sell the cards later on to recover quite a bit of their purchase price cutting your "ROI" time in half or more.

[IanFoxley]

It looks like ethereum contracts are back...but I think now we are getting stiffed.  The price has more than doubled.  Before you could buy a 55 MH/s contract for under $1000 USD.  Now the cost is about $2420 USD.

Anyone else not liking this price change?  It is very suspicious how suddenly when the demand was high ethereum purchases were taken down and then come the price hike.

That's nuts. Buy yourself two R9 290s or 390s and you'll be able to mine at that speed and actually sell the cards later on to recover quite a bit of their purchase price cutting your "ROI" time in half or more.

Yeh, it is abit weird, but nobody is forcing you to buy any, I personally think the pricing is a little high now so I would not be tempted to get any.

[netpeak]

can anybody give some advice on the following problem ?

I invested only small amounts in GM over the last 7 months, so I received lots of small payouts with amounts between 0.00020000 btc and 0.00080000 btc . Now, trying to move funds from the web wallet I used to collect them results in ridiculously high transaction fees. I am in contact with the wallet provider but also like to ask you cloudminers here how you handle your payouts. Is anybody experiencing similar problems when moving funds from an address with let's say 170 inputs ?

After noticing the issue I immediately created a new address and repeated this twice during the last month. Trying to move the funds with those 30 inputs also results in a large transaction, hence high transaction fees.

How do you guys handle lots of small inputs from your mining payouts ?

[crazyivan]

can anybody give some advice on the following problem ?

I invested only small amounts in GM over the last 7 months, so I received lots of small payouts with amounts between 0.00020000 btc and 0.00080000 btc . Now, trying to move funds from the web wallet I used to collect them results in ridiculously high transaction fees. I am in contact with the wallet provider but also like to ask you cloudminers here how you handle your payouts. Is anybody experiencing similar problems when moving funds from an address with let's say 170 inputs ?

After noticing the issue I immediately created a new address and repeated this twice during the last month. Trying to move the funds with those 30 inputs also results in a large transaction, hence high transaction fees.

How do you guys handle lots of small inputs from your mining payouts ?

You dont. Cause you probably have 60 cents in total in your wallet. So why bother about it?

[bapparabi]

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..

[j33hopper]

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..

Wow, those prices have skyrocketed.  I know ether has gone up recently on the exchanges, but Genesis has really gotten greedy here in a SHORT time.  Just 2 weeks ago it was 1799.00 for 1 year of mining and now its 4400.00.  Thats pretty rough.  What makes it even less of a value is the difficulty has also gotten a bit harder, so that 100 MH at one year isnt even paying off like it was because everyone is jumping on the Ether bandwagon.  Buyer beware on this deal.

[Makingsure]

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..

Wow, those prices have skyrocketed.  I know ether has gone up recently on the exchanges, but Genesis has really gotten greedy here in a SHORT time.  Just 2 weeks ago it was 1799.00 for 1 year of mining and now its 4400.00.  Thats pretty rough.  What makes it even less of a value is the difficulty has also gotten a bit harder, so that 100 MH at one year isnt even paying off like it was because everyone is jumping on the Ether bandwagon.  Buyer beware on this deal.

AGREED ;\   but hey maybe it's a  hail mary to make some cash because none of us original users came back with our money to keep them going! which would be awesome, they screwed us all what do they expect? us to give them our btc again? no way!
r.i.p. Genesis Ripoffs

[Icon]

can anybody give some advice on the following problem ?

I invested only small amounts in GM over the last 7 months, so I received lots of small payouts with amounts between 0.00020000 btc and 0.00080000 btc . Now, trying to move funds from the web wallet I used to collect them results in ridiculously high transaction fees. I am in contact with the wallet provider but also like to ask you cloudminers here how you handle your payouts. Is anybody experiencing similar problems when moving funds from an address with let's say 170 inputs ?

After noticing the issue I immediately created a new address and repeated this twice during the last month. Trying to move the funds with those 30 inputs also results in a large transaction, hence high transaction fees.

How do you guys handle lots of small inputs from your mining payouts ?

Those inputs don't cost you anything, thats Genesis paying 1 to many, they send out 1 payment daily to 1000 of us each taking a small part of the pie:)

Same goes for other mining pools that pay daily..

Icon

[Zeta0S]

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..

There is a good change Ethereum is gonna explode in price, than this calculation would be different right...

[IanFoxley]

Well if you all think GM charges too much for Eth contracts then do not buy them.

But what they are doing is no different to what others would do.

I bet if BTC price rockets then the prices of mining machines would do too or do you think people will still sell them off cheap on Ebay. Do you think Bitmain would lower the price. Course not. People would want them so demand means higher prices.

I also remember when GPU prices skyrocketed in late 2013 because people were buying them up to mine Scrypt with.  Retailers knew this so prices of graphics cards went up. Perhaps the Gpus that GM need were in short supply so had to pay more for them. Only GM know what the costs were so if you think it's too much. Do not buy. Just buy eth direct. It's simple and you all have a choice.

[Madmach]

Yea, "Lifetime Bitcoin Mining contract" Nice joke.