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Genesis-Mining (OP)
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August 23, 2014, 07:07:49 PM
Last edit: September 10, 2014, 05:53:38 PM by Genesis-Mining |
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Dear Miners, Genesis Mining is a major player in the altcoin space and we are well-known for our great service, and transparency -- we show our faces and we show our miners!1With the addition of sha256 (and X11 soon!) mining contracts we expand to be the first large scale multi-algo cloud mining company in the world! Bitcoin Mining ContractsOur prices for sha256 lifetime hashpower contracts are: Gold : 10 Gh/s - 9.99 USD (9.99 cents per Gh/s) Platinum: 1000 Gh/s - 989 USD (9.89 cents per Gh/s) Diamond : 10,000 Gh/s - 9790 USD ([\b]9.79 cents per Gh/s[\b]) For larger type of contracts please contact us: contact@genesis-mining.com
We will also launch our new re-designed interface (which allows you to manage sha, scrypt and X11 contracts):  See our scrypt hosting main thread here: https://bitcointalk.org/index.php?topic=602022.0
Happy Mining, The Genesis Mining Team 1 http://cointelegraph.com/news/112329/gavin-andresens-fractional-reserve-mining-cloud-miners-respond |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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JohnDorien
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August 23, 2014, 07:39:58 PM |
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Definitely interesting.. need to calculate though but at first glance at least way better prices than cloudhashing & co
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Mike18feb
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August 23, 2014, 08:25:06 PM |
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Interested...
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<||=||> 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 .............
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elrugrim
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August 23, 2014, 09:45:11 PM |
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Curious in learning more
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alesx.onfire
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August 23, 2014, 09:56:05 PM |
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No maintenance fee, electricity fee with this?... The diff is increasing (like 20%) every 10-days. so?  |
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Genesis-Mining (OP)
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August 23, 2014, 10:39:06 PM |
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No maintenance fee, electricity fee with this?...
Everything included - no hidden fees! |
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wakhidNkcom
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August 23, 2014, 11:02:51 PM |
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 Woooohoo I'm on the boat! Count me in 
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codenameblue
Newbie
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Activity: 3
Merit: 0
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August 23, 2014, 11:36:10 PM |
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Prices - not bad. How much hash power are you thinking of bringing online in the next few months?
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learning
Newbie
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Activity: 5
Merit: 0
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August 24, 2014, 12:34:57 AM |
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Do you help new miners get up to speed with how everything works?
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BMPenguin
Newbie
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Activity: 1
Merit: 0
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August 24, 2014, 06:12:07 AM |
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Yeah I'd be interested.
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Daniel007
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August 24, 2014, 07:17:50 AM |
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Its a good news for all of us who is mining with Genesis. You have mention that "we will offer special promo codes for the mining community". Last time i have found that there was 3% discount on promo code. What about this time?
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IanFoxley
Legendary
Offline
Activity: 910
Merit: 1000
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August 24, 2014, 07:47:59 AM |
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Its a good news for all of us who is mining with Genesis. You have mention that "we will offer special promo codes for the mining community". Last time i have found that there was 3% discount on promo code. What about this time?
Hi Daniel. I think like they do with Scrypt, GM will sometimes do promotions so that you can get a discount using a code which will be a unique code that will last for a select number of weeks. For those of us that have referral codes with the 3% etc, then they will also work with BTC contracts so if anyone used my code for example, they would get a discount etc Mike had asked a similar question on the GM thread in Alternative Currencies, and GM replied to him regarding that. Hope that helps a little bit. |
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MichaelNZ
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August 24, 2014, 09:15:28 AM |
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I have to admit to being rather disappointed with the downturn in performance of my G-M scrypt contracts over recent weeks ... big reduction in payouts ...
Maybe the addition of SHA-256 and X.11 might rejuvenate things ... I'll give it a go.
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alesx.onfire
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August 24, 2014, 10:25:06 AM |
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self-moderated topic
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monim1
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August 24, 2014, 11:13:27 AM |
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No maintenance fee, electricity fee with this?...
Everything included - no hidden fees! That's good. |
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Genesis-Mining (OP)
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August 24, 2014, 11:14:21 AM |
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Do you help new miners get up to speed with how everything works?
On the hardware site we will do everything for you so that you will basically just sit in front of your computer and control your hashpower over the new interface. We are sure it will be very easy to understand and to control. If there are additional questions you can always read it up in our comprehensive faq ( https://www.genesis-mining.com/faq) under the technical section or just contact us at contact@genesis-mining.com. We are always there to help you! |
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vaisajne
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August 24, 2014, 11:51:05 AM |
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This is a huge announcement. The price that GM is offering is really competitive. Better than the established players like CloudHashing.com. I would definitely be interested. Please send me a PM with promo code.
Few suggestions though,
1) Why not add a revenue reinvestment program?
2) Extend the contract period ?
Another query, if some one uses my promo code that offers 3% to buy SHA contract the cut that i get will be added to scrypt mining or sha mining?
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Genesis-Mining (OP)
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August 24, 2014, 12:24:10 PM |
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This is a huge announcement. The price that GM is offering is really competitive. Better than the established players like CloudHashing.com. I would definitely be interested. Please send me a PM with promo code.
Few suggestions though,
1) Why not add a revenue reinvestment program?
2) Extend the contract period ?
Another query, if some one uses my promo code that offers 3% to buy SHA contract the cut that i get will be added to scrypt mining or sha mining?
Hey vaisajne, 1) This is definitely something we plan to offer soon. 2) Already done! You will be able to choose the lenght of the contract. Wait until you see the new interface  Your bonus will be added to scrypt for scrypt contracts and to SHA for SHA contracts. Hope this helps! |
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MichaelNZ
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August 24, 2014, 12:46:35 PM
Last edit: August 27, 2014, 06:43:16 AM by MichaelNZ |
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You will be directly competing with CEX and PB Mining in SHA-256.
As you probably know CEX are lifetime contracts ... their fees are ridiculous and they are not very reliable ... I ditched them
PB's contracts are currently 5 year duration and cost 0.0027BTC per G/hash ... I have been buying them lately and the payout figure is holding well. They don't have a reinvest facility though which is a bit of a pain, but not the end of the world.
If G-M can compete on pricing and contract length then I'll look favorably at buying hash power.
***UPDATE***
Since I wrote this PB hash prices have increased to 0.0033BTC per G/hash ... I held off buying at the earlier price in anticipation of G-M launching and announcing their own price structure ...
I'm still waiting !
When will you launch ?
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Daniel007
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August 24, 2014, 03:10:49 PM |
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Its a good news for all of us who is mining with Genesis. You have mention that "we will offer special promo codes for the mining community". Last time i have found that there was 3% discount on promo code. What about this time?
Hi Daniel. I think like they do with Scrypt, GM will sometimes do promotions so that you can get a discount using a code which will be a unique code that will last for a select number of weeks. For those of us that have referral codes with the 3% etc, then they will also work with BTC contracts so if anyone used my code for example, they would get a discount etc Mike had asked a similar question on the GM thread in Alternative Currencies, and GM replied to him regarding that. Hope that helps a little bit. Found it helpful. |
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