IanFoxley
Legendary
 Offline
Activity: 910
Merit: 1000
|
 |
August 05, 2014, 07:49:02 AM |
|
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" Yeh Reddcoin was good, was at 1 satoshi for a while, Cryptsy was going to remove the BTC market and then suddenly whoosh, up it went to 30 satoshi and is now hanging around the low 20s so if you mined them when GM first offered it, you could have got quite a few before POW ended. |
|
|
|
|
|
|
|
|
|
|
The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
xiaogr
Member
Offline
Activity: 101
Merit: 10
|
|
August 05, 2014, 08:40:10 AM |
|
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? I have set the mining to AUTO BTC In the table i have already added 3$ fees per day so the hosting is included. For GM i have used the lowest price 59$/MH (diamond promo code). "27 MH/s of Hashpower (term: 1 year) 1 1,593.00" When the diamond promo code expires ROI for GM will be much worst. But anyway...GM is good....GAW is good.... payouts are the same.....Important is what will happen in 2 months when the VB machines are out. |
|
|
|
GoldMath
Newbie
Offline
Activity: 25
Merit: 0
|
|
August 05, 2014, 10:09:50 AM |
|
So this service can only mine pure Scrypt coins ? No X11/13/... ?
Can you set your own pool ? Like wafflepool, nicehash and whatever?
|
|
|
|
|
xiaogr
Member
Offline
Activity: 101
Merit: 10
|
|
August 05, 2014, 10:45:30 AM |
|
What coins do you mine?
At GM I have choose AUTO BTC At ZEN cloud I have set my miners to Nicehash pool |
|
|
|
|
Wintermute
|
|
August 05, 2014, 02:28:18 PM |
|
In the table i have already added 3$ fees per day so the hosting is included. For GM i have used the lowest price 59$/MH (diamond promo code).
1) 589$ + 335 days *3$ = 1594$ (first 30 days in initial price included) 2) 27 MH/s * 59$ = 1593$ Would be my calculation. But anyway, my two main points are (i) invest in mining only when you know the risks (ii) if you do look for a trustworthy company (and do not fall for an anonymous scam) But anyway...GM is good....GAW is good.... payouts are the same.....
I agree  |
|
|
|
|
|
martinnew
|
|
August 05, 2014, 04:19:40 PM |
|
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 That was another cool update, switching RDD to auto.  |
|
|
|
|
nemisan
Newbie
Offline
Activity: 55
Merit: 0
|
|
August 05, 2014, 04:48:34 PM |
|
Bad time to mine  |
|
|
|
|
IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
|
|
August 06, 2014, 07:37:40 AM |
|
Anyone else having problems with getting a daily payment.
It has been odd for me the last couple óf days?
If not, will send GM a ticket.
|
|
|
|
|
Mike18feb
|
|
August 06, 2014, 08:04:32 AM |
|
Well, no issues for me, although I might not be the best one to compare with as I'm mining Megacoin only.
|
<||=||> Rule #1a: Never invest more then you can afford to lose. <||=||> Rule #1b: Never invest all you can afford to lose. <||=||>
............. Whenever someone idly claims a scam, a Bitcoin somewhere dies .............
|
|
|
IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
|
|
August 06, 2014, 08:27:48 AM |
|
Well, no issues for me, although I might not be the best one to compare with as I'm mining Megacoin only.
Ok thanks Mike. I just thought I would go crazy and do some lottocoin for a few days, yeh that is crazy but I just want to hoard some incase it ever gets an upturn again. So thought I would do a few days of it. |
|
|
|
|
Genesis-Mining (OP)
|
|
August 07, 2014, 12:06:10 AM |
|
Anyone else having problems with getting a daily payment.
It has been odd for me the last couple óf days?
If not, will send GM a ticket.
Our daily payouts should work normally. Please let us know otherwise. Cheers, Marco |
|
|
|
IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
|
|
August 07, 2014, 06:07:43 AM |
|
Anyone else having problems with getting a daily payment.
It has been odd for me the last couple óf days?
If not, will send GM a ticket.
Our daily payouts should work normally. Please let us know otherwise. Cheers, Marco Have sent GM a ticket. |
|
|
|
|
Genesis-Mining (OP)
|
|
August 07, 2014, 09:19:55 AM |
|
Have sent GM a ticket.
Thank you. Our IT team will have a look at it and revert to you as soon as possible. Kind regards, Marco |
|
|
|
|
Genesis-Mining (OP)
|
|
August 07, 2014, 12:25:20 PM |
|
Thank you. Our IT team will have a look at it and revert to you as soon as possible.
Kind regards,
Marco
Just to give a quick update: two LOT payments (and only those) had a problem. Our IT team is investigating and we will do all missing LOT payments today. Thank you for reporting! Cheers, Marco |
|
|
|
IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
|
|
August 07, 2014, 12:46:49 PM |
|
Thank you. Our IT team will have a look at it and revert to you as soon as possible.
Kind regards,
Marco
Just to give a quick update: two LOT payments (and only those) had a problem. Our IT team is investigating and we will do all missing LOT payments today. Thank you for reporting! Cheers, Marco That would explain a LOT! lol Thanks for update Marco |
|
|
|
|
marife01
|
|
August 07, 2014, 03:47:33 PM |
|
Thank you. Our IT team will have a look at it and revert to you as soon as possible.
Kind regards,
Marco
Just to give a quick update: two LOT payments (and only those) had a problem. Our IT team is investigating and we will do all missing LOT payments today. Thank you for reporting! Cheers, Marco Nice to read quick responses of GM on this thread. |
|
|
|
|
wwhitman
Newbie
Offline
Activity: 12
Merit: 0
|
|
August 07, 2014, 07:09:44 PM |
|
Any ETA on when XMR will be added to the dashboard? Thanks!
|
|
|
|
|
BlackHaze
Newbie
Offline
Activity: 55
Merit: 0
|
|
August 07, 2014, 11:09:41 PM |
|
Any ETA on when XMR will be added to the dashboard? Thanks!
Thinking the same, would be nice to have an ETA. In the meantime mining some Blackcoin to HODL  |
|
|
|
|
CoinStarX
Full Member
Offline
Activity: 196
Merit: 100
★YoBit.Net★ 100+ Coins Exchange & Dice
|
|
August 08, 2014, 02:50:04 AM |
|
So does anyone know if the roi on this is attainable just mining scrypt coins like litecoin?
|
|
|
|
|
Wintermute
|
|
August 08, 2014, 10:16:42 AM |
|
So does anyone know if the roi on this is attainable just mining scrypt coins like litecoin?
At the moment it is difficult to break even (scrypt, sha or X11 actually does not matter). I like Genesis because it allows me to switch easily between different coins and with some market insight (and luck) you can do quite well. For example, I mined Reddcoin for some time which turned out to be a good choice. If you want to mine, Genesis is certainly one of the best products in the market: http://cointelegraph.com/news/112159/cloudmining-review-part-4-money-mattersWarning: do not spend money on an anonymous website that promises high ROI! There are lot of scammers here also in the forum. If you want to mine I suggest to start small (maybe it is a good time now because many are afraid to invest in mining). It will also depend on how the altcoins perform against Bitcoin. I am optimistic about Litecoin and Reddcoin. Hope this is helpful. |
|
|
|
|
|
