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

[Zeta0S]

Is there any particular reason why you have kept the promo code field case sensitive ? If I enter the promo code as UMANO-17 it says its valid whereas umano_17 is not valid. I think it should not be case sensitive.

Best,
Vaisajne

You have to use code MOON  Only Whit MOON you get the 3% Discount and a trip to the MOON

[crazyivan]

Is there any particular reason why you have kept the promo code field case sensitive ? If I enter the promo code as UMANO-17 it says its valid whereas umano_17 is not valid. I think it should not be case sensitive.

Best,
Vaisajne

You have to use code MOON  Only Whit MOON you get the 3% Discount and a trip to the MOON

Heh, promotional efforts become more creative every day.

[martinnew]

Is there any particular reason why you have kept the promo code field case sensitive ? If I enter the promo code as UMANO-17 it says its valid whereas umano_17 is not valid. I think it should not be case sensitive.

Best,
Vaisajne

You have to use code MOON  Only Whit MOON you get the 3% Discount and a trip to the MOON

Heh, promotional efforts become more creative every day.

+1
That's strategy. 

[mc]

Dear all,

we wanted to make our big announcement today and introduce the mining of X11 and SHA256 as well as a whole new user Interface.

Thanks for the update.
Will X11 and SHA256 somehow be incorporated in the same mining contracts as scrypt or will each contract be dedicated to a specific algorithm?

Cheers

[xephyr]

Genesis Mining Platinum contract is $1380 for 20 mH. That is very high ... $69 per mH ... twice the cost per mH of some other altcoin cloud mining providers.

[Genesis-Mining]

RDD has been switched to AUTO as BTC and DRK for you can continue "mining" it!

If anybody needs some more info on how to upgrade your own wallet, you can look for example here.

Best regards,
Genesis Mining

[IanFoxley]

RDD has been switched to AUTO as BTC and DRK for you can continue "mining" it!

If anybody needs some more info on how to upgrade your own wallet, you can look for example here.

Best regards,
Genesis Mining

OK thanks for the info!

[ellen_me]

Monero coin was the vote winner!

Nice to know that another altcoin was added. 

[xiaogr]

Genesis Mining Platinum contract is $1380 for 20 mH. That is very high: $69 per mH. Altcoin Cloud Mining lists providers selling for under $30 per mH, which means your ROI will take half the time.

I agree....Prices should be lowered.
I purchased a Falcon Miner (27MH)  hosted on cloud with 570 $ (21$/MH)
Excluding the daily fees an estimated daily payout is 6,45 and the ROI 3 Months.

[Wintermute]

Genesis Mining Platinum contract is $1380 for 20 mH. That is very high: $69 per mH. Altcoin Cloud Mining lists providers selling for under $30 per mH, which means your ROI will take half the time.

I agree....Prices should be lowered.
I purchased a Falcon Miner (27MH)  hosted on cloud with 570 $ (21$/MH)
Excluding the daily fees an estimated daily payout is 6,45 and the ROI 3 Months.

Prices could always be lower, but let us be realistic (calculation follows below). Some people here spam several threads with the same message: XYZ is too expensive, buy ABC instead.

Do not fall for it, whatever ROI they might promise you! If there is no registered company or the people behind the company are not known it is likely a scam attempt!

History of Bitcoin is full of scammers. Transactions are irreversible! So only do business with a registered company, where the users behind the company are known. "Gawminer" and "Genesis Mining" fall in this category in my opinion (as does some larger Bitcoin hosting companies). Do your own research!

An anonymous promise for a high ROI is worth nothing!

Now for the numbers:

Gawminers offers the Falcon for 600$. Electricity cost for one year is 867 USD (at 0.1$ per KW/h *). This results in 5.3 USD/cent and is marginally smaller than 5.9 USD/cent.

However, this calculation does not take into account: customs, shipment fees, own work needed with configuration, delays in shipping, downtimes (they are significant!), and if the machine fails you are in trouble because you will lose time and might even be without warranty (check this: in most cases it is only one month).

If your local electricity price is below 0.1 USD and if you are experienced with mining and have enough spare time, then go for it for the *fun* (you will not save any money, alone if you factor in your opportunity costs).



(*) this also takes into account that official specs for electricity consumption are only theoretical values under optimal conditions. In my own experience the real consumption of electricity is significantly higher (due to inefficiency of the PSU, additional gear you need etc. ). I have used 990W for this calculation, which in my own tests is closer to reality.

[xiaogr]

Genesis Mining Platinum contract is $1380 for 20 mH. That is very high: $69 per mH. Altcoin Cloud Mining lists providers selling for under $30 per mH, which means your ROI will take half the time.

I agree....Prices should be lowered.
I purchased a Falcon Miner (27MH)  hosted on cloud with 570 $ (21$/MH)
Excluding the daily fees an estimated daily payout is 6,45 and the ROI 3 Months.

Prices could always be lower, but let us be realistic (calculation follows below). Some people here spam several threads with the same message: XYZ is too expensive, buy ABC instead.

Do not fall for it, whatever ROI they might promise you! If there is no registered company or the people behind the company are not known it is likely a scam attempt!

History of Bitcoin is full of scammers. Transactions are irreversible! So only do business with a registered company, where the users behind the company are known. "Gawminer" and "Genesis Mining" fall in this category in my opinion (as does some larger Bitcoin hosting companies). Do your own research!

An anonymous promise for a high ROI is worth nothing!

Now for the numbers:

Gawminers offers the Falcon for 600$. Electricity cost for one year is 867 USD (at 0.1$ per KW/h *). This results in 5.3 USD/cent and is marginally smaller than 5.9 USD/cent.

However, this calculation does not take into account: customs, shipment fees, own work needed with configuration, delays in shipping, downtimes (they are significant!), and if the machine fails you are in trouble because you will lose time and might even be without warranty (check this: in most cases it is only one month).

If your local electricity price is below 0.1 USD and if you are experienced with mining and have enough spare time, then go for it for the *fun* (you will not save any money, alone if you factor in your opportunity costs).



(*) this also takes into account that official specs for electricity consumption are only theoretical values under optimal conditions. In my own experience the real consumption of electricity is significantly higher (due to inefficiency of the PSU, additional gear you need etc. ). I have used 990W for this calculation, which in my own tests is closer to reality.

Is not my style to advertise other companies or spam.

Yes, My post was regarding Gawminer. I purchased 4 days ago a Falcon (EDIT: 589$ not 570$) hosted to zencloud (not shipping) for 1 month free hosting.
These 3 days the income varies between 0.014 - 0.0165. After 1 month the fee will be 0.0052099 (as they advertising

OF course i am not able to know what will happened next months. The daily payout to all cloud services getting lower and lower  but according to a simple calculation the $21.8/MH is much better than 59$/MH (diamond promo code)

PS. I have spend 8,3 BTC in GM for having 45MH and  i will continue to invest .....if the prices get lower.

[Wintermute]

Is not my style to advertise other companies or spam.

Yes, My post was regarding Gawminer. I purchased 4 days ago a Falcon hosted to zencloud (not shipping) for 1 month free hosting.
These 3 days the income varies between 0.014 - 0.0165. After 1 month the fee will be 0.0052099 (as they advertising

OF course i am not able to know what will happened next months. The daily payout to all cloud services getting lower and lower  but according to a simple calculation the $21/MH is much better than 59$/MH (diamond promo code)

Just for clarification: I was not referring to you / calling you a spammer.

Regarding numbers: as I have shown above in detail pricing wise there is not much difference (please double-check my numbers). If you factor everything in, price of Genesis Mining and Gaw are very similar. I like the 100% uptime guarantee of GM (Zen is only offering best-effort basis) and the nicer interface. But taste differs. I have experienced a number of broken miners on my own, so I know what I am talking about

If you want to mine at home you need electricity prices significantly below 0.1 USD per KW/h to compete with GM (and cheap spare time).

[xiaogr]

Is not my style to advertise other companies or spam.

Yes, My post was regarding Gawminer. I purchased 4 days ago a Falcon hosted to zencloud (not shipping) for 1 month free hosting.
These 3 days the income varies between 0.014 - 0.0165. After 1 month the fee will be 0.0052099 (as they advertising

OF course i am not able to know what will happened next months. The daily payout to all cloud services getting lower and lower  but according to a simple calculation the $21/MH is much better than 59$/MH (diamond promo code)

Just for clarification: I was not referring to you / calling you a spammer.

Regarding numbers: as I have shown above in detail pricing wise there is not much difference (please double-check my numbers). If you factor everything in, price of Genesis Mining and Gaw are very similar. I like the 100% uptime guarantee of GM (Zen is only offering best-effort basis) and the nicer interface. But taste differs. I have experienced a number of broken miners on my own, so I know what I am talking about

If you want to mine at home you need electricity prices significantly below 0.1 USD per KW/h to compete with GM (and cheap spare time).

English is not my mother language and maybe i can not explain very well my thoughts. Maybe you are right about zen since i am using it only 1 week but till now everything is working well.

Lets assume 0,0005944BTC/MH





Please correct me if i am calculating something wrong

[arcanum]

Nice logo on this. who did it? i need logos for my stuff

[marife01]

Dear all,

we wanted to make our big announcement today and introduce the mining of X11 and SHA256 as well as a whole new user Interface.

Unfortunately we are facing technical difficulties stopping us from releasing now.
We want to deliver a 100% working product, which is not possible right now. We decided to postpone the introduction of the new features by at least a week to have a completely working product to offer.

We are sorry for the delay!

For the meantime, we will start a meme and poem competition on reddit!
It will start at latest by tomorrow.

As it has been mentioned, Monero has won the coinpoll and will be added! We currently modify our systems for they work properly with the different RPC of Monero.

Best regards,
the Genesis Mining Team

Also looking forward for the new interface.
I will visit reddit for that competition.

[Mats8500]

You should at least offer some advantage to people that bought a while ago. Overall, I will be extremely lucky if I get back 50% of the btc I invested.

At the moment, I would advise everyone to keep their BTC and not invest with you. This was the worst BTC investment I did.

[fractal02]

You should at least offer some advantage to people that bought a while ago. Overall, I will be extremely lucky if I get back 50% of the btc I invested.

At the moment, I would advise everyone to keep their BTC and not invest with you. This was the worst BTC investment I did.

+ 1 !!!

I invested the first of June...what a loss...my first very bad invest...i trusted GM...what a mistake...no reward for early adopters...nothing...
But all is my own fault...

[xephyr]

Please consider adding mining support for new scrypt coin VIA (Viacoin) thanks.

[Wintermute]

Please correct me if i am calculating something wrong

The GM is a one year contract which you compare to a miner + a promotional month of free hosting. So you should factor in another 737$ for hosting. Furthermore, you should compare it to their lowest price as of GM there were offers which offered each contract at 5.9 USD cent. Then it is basically the numbers I gave above. Not much of a difference, plus the better interface of GM which also allows me to split between different cois. At the end a matter of taste.

What coins do you mine?

[Wintermute]

You should at least offer some advantage to people that bought a while ago. Overall, I will be extremely lucky if I get back 50% of the btc I invested.

At the moment, I would advise everyone to keep their BTC and not invest with you. This was the worst BTC investment I did.

+ 1 !!!

I invested the first of June...what a loss...my first very bad invest...i trusted GM...what a mistake...no reward for early adopters...nothing...
But all is my own fault...

Mining is risky, and it is hardly GM's (or scryptcc, or Gawminers, ....) fault if the value of the altcoins dropped that much. Logically you should compare your investment to buying a portfolio of LTC / Doge with your BTC. Then you would have lost by now like 60% of your BTC. Again this is mainly the result of LTC / Doge / ... losing significantly against BTC, which I honestly did not expect to happen either. If altcoins would have accelerated like before, the story would be a different one. Too bad, but no ones fault.

By the way: I did quite well with mining some of the smaller coins. Had a good experience with mining Reddcoin for example.

For investments I like to quote Warren Buffet: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"