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

[Wintermute]

my payments on scrypt (BTC auto) with 3 MH started with 120k/day satoxi 2 months ago. Now they are at 5k satoxi.

Incredible i have to say !

I still believe in you GM ! Use the force !

1)  LTC price down by 30%:   https://bitcoinwisdom.com/markets/btce/ltcusd
2)  LTC difficulty increasing again:  https://bitcoinwisdom.com/litecoin/difficulty
3)  BTC price stays in the low $320 area

Does not look that good for scrypt at the moment, sha looks better at the moment.

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[Zeta0S]

my payments on scrypt (BTC auto) with 3 MH started with 120k/day satoxi 2 months ago. Now they are at 5k satoxi.

Incredible i have to say !

I still believe in you GM ! Use the force !

1)  LTC price down by 30%:   https://bitcoinwisdom.com/markets/btce/ltcusd
2)  LTC difficulty increasing again:  https://bitcoinwisdom.com/litecoin/difficulty
3)  BTC price stays in the low $320 area

Does not look that good for scrypt at the moment, sha looks better at the moment.

I had a fair good payout on lottocoin today, so maybe good idea to change from btc auto to lottocoin or potcoin.

[IanFoxley]

my payments on scrypt (BTC auto) with 3 MH started with 120k/day satoxi 2 months ago. Now they are at 5k satoxi.

Incredible i have to say !

I still believe in you GM ! Use the force !

1)  LTC price down by 30%:   https://bitcoinwisdom.com/markets/btce/ltcusd
2)  LTC difficulty increasing again:  https://bitcoinwisdom.com/litecoin/difficulty
3)  BTC price stays in the low $320 area

Does not look that good for scrypt at the moment, sha looks better at the moment.

I had a fair good payout on lottocoin today, so maybe good idea to change from btc auto to lottocoin or potcoin.

Might have been a lucky day mining on Lottocoin, isnt there a couple of blocks or one block a day that has a huge amount of lottocoin in it, perhaps GM mined it so the payout was larger than normal today..I think Lottcoin must be near the end of POW too I think.

[flyingplows]

do you know what is the daily fee for 10 ghs bitcoin mining at genesis, it seems they dont publish it. i read through some posts and some say its 0.01, some 0.02.. it looks like they reduced it to 0.01, then chaged it back to 0.02 for some reason.. so what are real fees now? i mean if its 0.01 it is quite good despite their relatively high price, but if it is 0.02 then not that profitable..

[Mike18feb]

You can see the terms right before you finalize an order. Lots of boring reading but it contains vital information of course. Anyway, fee is $0.02 per 10GHs per day

[Bitcoin_BOy$]

I used Genesis-mining for 1 month and the profit down every day i loosed my 160$
it give me at subscribing 0.7$ per day now it give 0.2$ per day

[Serlite]

So uh...when I get a 0 BTC payout due to the amount to be paid being too small (but non-zero), do these days count towards the 20 days of unprofitability before the contract is terminated?

I originally assumed that after the balance on GM exceeded the minimum payout amount, it would be sent - but after 10 days of this (2k to 4k each day), that doesn't seem to be the case. Will I ever see these funds, or will they never be credited to me until the payouts eventually actually drop to 0, and my contract is terminated? '~'

[Bitcoin_BOy$]

Contact is lifetime and i don't think you will reach you capitale before 1.2 years

[TXTCLA55]

So uh...when I get a 0 BTC payout due to the amount to be paid being too small (but non-zero), do these days count towards the 20 days of unprofitability before the contract is terminated?

I originally assumed that after the balance on GM exceeded the minimum payout amount, it would be sent - but after 10 days of this (2k to 4k each day), that doesn't seem to be the case. Will I ever see these funds, or will they never be credited to me until the payouts eventually actually drop to 0, and my contract is terminated? '~'

Contracts are for life so long as the payouts exceed the profit. When you make zero BTC for 20 days your contract is terminated and thats the end of that. What you have to do is basically make the most of what you've got. For a while now I've started hoarding DRK and UNO and doing some day trading with it to increase my ROI, however its a slow battle.

You can reach ROI...but the time frame depends on the price of BTC and how well you can manage your hash power.

[MineTheCoin]

I have a 1 Th/s SHA256 contract which is paying me about 3 $ per day and It's not bad and I think I will reach BEP in less than a year.

I also have a 20 Mh/s Scrypt contract which I paid about 270 $ for and it is paying ridiculously small, about 15c per day. It will not reach BEP in 5 years. It was first allocated on bitcoin then I changed it to Litecoin and Potcoin and it got even worse.

Any Idea why the payout for Scrypt is so low ?

[Zeta0S]

Well today i appreciate Genesis Mining even more.  Scammer Hashie finally collapse today.
A sad song on there main dashboard page

Hashie Dashboard view (in red they stopped "mining")


News-link: http://www.bitcoinupdate.nl/

[IanFoxley]

I have a 1 Th/s SHA256 contract which is paying me about 3 $ per day and It's not bad and I think I will reach BEP in less than a year.

I also have a 20 Mh/s Scrypt contract which I paid about 270 $ for and it is paying ridiculously small, about 15c per day. It will not reach BEP in 5 years. It was first allocated on bitcoin then I changed it to Litecoin and Potcoin and it got even worse.

Any Idea why the payout for Scrypt is so low ?

Just read on the forums in general about Scrypt payouts...they are just bad all over..

[ZorroPai]

Well today i appreciate Genesis Mining even more.  Scammer Hashie finally collapse today.
A sad song on there main dashboard page

Hashie Dashboard view (in red they stopped "mining")


News-link: http://www.bitcoinupdate.nl/

Hello Zeta,

same happened today to Coins Miners and a some days ago to HP Hash Power.
Some of them claim to be under DDos attak... 

Now I am also happy with GM. :-)

[siampumpkin]

Well today i appreciate Genesis Mining even more.  Scammer Hashie finally collapse today.
A sad song on there main dashboard page

You can appreciate that Genesis Mining has not closed shop but the pathetic, low payouts are almost as bad. They are not a scam just a bad investment I guess.  

[wec]

they are not even paying right now. that's how bat it is right now

[galdur]

One of those companies that you only do business with once.

Avoid it.

[MineTheCoin]

The payments are decreasing everyday, Today for scrypt contract about 200 % less. can somebody explain the reason ?

everyday I am feeling that my so called lifetime contract is going to be finished in less than a year and I only hope to reach my ROI.

The only good thing about GM is that they are considered legit. What is the difference if you are going to lose your money, ponzi or legit.

[IanFoxley]

they are not even paying right now. that's how bat it is right now

Evidence please??

There is something but very small but not nothing...

[galdur]

they are not even paying right now. that's how bat it is right now

Evidence please??

There is something but very small but not nothing...

True.

[flyingplows]

well, scrypt mining seems to be almost down to zero payout at all cloudmining, but for btc they should lower both the price and the fees (if they can afford it of course) or else they are so far behind from competition like AMhash that its not worth even considering to invest here.