Genesis-Mining Review

[Soros Shorts]

anyone get a payout in the last 24h

Yes! I do.
Check it your self: https://blockchain.info/address/12HSfuCFGoar5ZBwqHdpsUWprnSfSPRhJc

I got a payout 9 hours ago but it is still unconfirmed.

Please provide us whit a blockchain link so i can see whats wrong.

The transaction is not visible on blockchain.info. It was seen by my client ( v.11 full node with about 40 connections) and still remains unconfirmed. I will open a ticket with the details.

[Zeta0S]

anyone get a payout in the last 24h

Yes! I do.
Check it your self: https://blockchain.info/address/12HSfuCFGoar5ZBwqHdpsUWprnSfSPRhJc

I got a payout 9 hours ago but it is still unconfirmed.

Please provide us whit a blockchain link so i can see whats wrong.

The transaction is not visible on blockchain.info. It was seen by my client ( v.11 full node with about 40 connections) and still remains unconfirmed. I will open a ticket with the details.

Hopes this clears up soon, GM is always helping out if there are some glitches.

Was thinking, Maybe they send it whit-out fee or something. We will know in the next 24/u

[btccashacc]

after Big Cloudmining ( bitcoin cloud service) scamed im not trust other cloudminng service
bitcoin cloud service is member of bitcoin foundation and now scam

and why must i trust genesis mining

[Zeta0S]

after Big Cloudmining ( bitcoin cloud service) scamed im not trust other cloudminng service
bitcoin cloud service is member of bitcoin foundation and now scam

and why must i trust genesis mining

Long time in business, no irrational 10% discount vouchers, trustful daily payouts, Real mining hardware whit proof.
(Highest discount vouchers are MOON and MARS)

[Borgminer]

how often do they update hardware ?

[butdabass]

very nice revew,but i dont know why  still cant believe 100% about online mining..

[pumawolf]

is there a adv   here over the other place (hn) .  other than the ability to use  credit cards.  ?

[IanFoxley]

is there a adv   here over the other place (hn) .  other than the ability to use  credit cards.  ?

Well GM has no buying and selling (trading) of hashpower.

But one thing you can do with GM which you can not do with Hashnest is get payout in other coins.

So you can have your BTC payout traded for you automatically to Litecoin, Dogecoin, Dash and BitcoinDark and paid out in those coins.

UNO and Zetacaoin are mined using SHA 256.

Also automatic daily withdrawals to wallets without any withdrawal fees (GM pays transaction fees themselves at each payout)

Advantage of that is that if you have small hashpower, less than 10GH/s you can still get a payout as other providers charge a withdrawal fee sometimes more than what you could get as a payout in a week mining with 10GH/s.

Also they mention X11 coming very soon too. Mention it more in webinar and latest newsletter.

From what i gather Start and Dash coin will be options that can be mined with X11 and going by Scrypt in the past, possibly an Auto BTC option so you can mine X11 coins to get a BTC payout.

[BitcoinNewsMagazine]

If you are considering buying cloud mining best to wait until October 10 when S7 hashing starts trading on Hashnest. Antminer S7 hashing power at Hashnest will cost about $0.40 per GH/s and daily fees will be half that charged by Genesis Mining. You can buy S7 to hash now but you will have to buy a full miner (4860 GH/s) for $1923. Once trading starts you can buy smaller amount of GH/s on the Hashnest exchange.

[btvGainer]

Why do you pay interest when you invest in mining? If someone buys a hash power,he should be given profit only.When you pay interest plus profit,it sounds like ponzi to me

[Borgminer]

Why do you pay interest when you invest in mining? If someone buys a hash power,he should be given profit only.When you pay interest plus profit,it sounds like ponzi to me

Because it is a ponzi . they dont want you to roi .

[Borgminer]

Genesis always seems to have hashing power at 200th  ? Genesis doesnt show how much hashing power is being used .

[bitcoinbs]

guys genesis stopped my payout after 17-09-2015. Not received any payout


they suddenly reduced payout and totally stopped.

Big scam after 10 months.

Actually started in Nov 2014. Still not received ROI.


https://cdn.pbrd.co/images/186XJLVe.png

https://cdn.pbrd.co/images/187h0ZUn.png

bought 500 gh at 1.2 btc when value 350 usd Nov 2014.

check the screenshot.

Only got 210 usd payout. Even after 10 months


Please dont use genesis they start to scam

[IanFoxley]

guys genesis stopped my payout after 17-09-2015. Not received any payout


they suddenly reduced payout and totally stopped.

Big scam after 10 months.

Actually started in Nov 2014. Still not received ROI.


https://cdn.pbrd.co/images/186XJLVe.png

https://cdn.pbrd.co/images/187h0ZUn.png

bought 500 gh at 1.2 btc when value 350 usd Nov 2014.

check the screenshot.

Only got 210 usd payout. Even after 10 months


Please dont use genesis they start to scam

No scam at all...Maintenance fees are higher than the payouts..

Go look on a Bitcoin calculator...
For example average payout with 1TH/s is less than 2USD .....Contracts from GM before end of January 2015, eqv to 2 USD per TH/s per day.
Payout for 1TH/s on average of around 1.96 USD a day.....Fee ....2 USD...total... - 4 Cents....That is why your payouts are zero...

This takes me 2 minutes to work out...

[bitcoinbs]

but even when bitcoin goes to 190usd i got 0.0008 payout

but why they suddenly increased maintenance fee and scam people

also no reply from support 2 times sent mail.

[IanFoxley]

but even when bitcoin goes to 190usd i got 0.0008 payout

but why they suddenly increased maintenance fee and scam people

Which date was that?

[IanFoxley]

but even when bitcoin goes to 190usd i got 0.0008 payout

but why they suddenly increased maintenance fee and scam people

also no reply from support 2 times sent mail.

They didnt increase the maintenance fee...I have contracts from that time period myself and it says in my contracts 0.02 USD per 10GH/s per day which is eqv to 2 USD per 1TH/s.

[bitcoinbs]

bro i am also know calculations

from the beginning of Nov bitcoin started dump.

Jan 2015 it reached 190 to 200. https://bitcoinwisdom.com/markets/btce/btcusd

Even jan Also i got 0.003

https://cdn.pbrd.co/images/18aIXdq5.png

then market stable 225

I think this should be due to increase in bitcoin mining difficulty and Price dump.

Now my contract closed i think so no payout.

Anyway no use in bitcoin mining

[bitcoinbs]

but even when bitcoin goes to 190usd i got 0.0008 payout

but why they suddenly increased maintenance fee and scam people

also no reply from support 2 times sent mail.

They didnt increase the maintenance fee...I have contracts from that time period myself and it says in my contracts 0.02 USD per 10GH/s per day which is eqv to 2 USD per 1TH/s.

Bro today mining income for 1 TH is 0.00854646 before maintenance fee its value is  0.00854646 * 236 = 2.0169 USD

so your maintenance fee as per your calculation 2 USD / TH =  2.0169 - 2 USD = 0.0169 cents. Like 0.00007 BTC  (almost Zero ) bitcoin Dead

[IanFoxley]

bro i am also know calculations

from the beginning of Nov bitcoin started dump.

Jan 2015 it reached 190 to 200. https://bitcoinwisdom.com/markets/btce/btcusd

Even jan Also i got 0.003

https://cdn.pbrd.co/images/18aIXdq5.png

then market stable 225

I think this should be due to increase in bitcoin mining difficulty and Price dump.

Now my contract closed i think so no payout.

Anyway no use in bitcoin mining

Ok well lets take Jan 2015 for an example then.

Bitcoin difficulty on for example January 12 for two weeks was 43,971,662,056

Goto Bitcoinwisdom, enter that in the difficulty box....and enter 190 USD into the BTC/USD value

Enter in 1TH/s and 1THs on average would pay out 2.173 USD a day, so even then the payout was more than the fee.....

Another thing is that just because Bitcoin reaches a low during the day, it normally bounces up again a few hours later so when the payout went out, it was most likely not even at the lowest point at all.

For example August 25th was another day when Bitcoin fell, on Bittrex it went down to 160 USD just for small amount of time and even during that day on some exchanges the Bitcoin price fell to as low as 190 ish USD but within hours was back upto 210-220 USD again.