Genesis-Mining Review

[IanFoxley]

Nice article here.

https://www.cryptocoinsnews.com/genesis-mining-explaining-largest-scrypt-cloudmining-provider/

[IanFoxley]

Day 19 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/bvQNaGEcILU

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014181 BTC
Gaw Miners Genesis Hashlet 15 GH/s 0.00015770 BTC

Genesis Mining 1 MH/s contract   0.00034812 BTC
GAW Waffle Hashlet                    0.00012792 BTC
GAW Zen Hashlet                         0.00039809 BTC

[martinnew]

Day 19 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/bvQNaGEcILU

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014181 BTC
Gaw Miners Genesis Hashlet 15 GH/s 0.00015770 BTC

Genesis Mining 1 MH/s contract   0.00034812 BTC
GAW Waffle Hashlet                    0.00012792 BTC
GAW Zen Hashlet                         0.00039809 BTC

These kind of comparisons are useful in reviewing these sites and profitability of coins.

[MacDuro]

Day 19 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/bvQNaGEcILU

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014181 BTC
Gaw Miners Genesis Hashlet 15 GH/s 0.00015770 BTC

Genesis Mining 1 MH/s contract   0.00034812 BTC
GAW Zen Hashlet                         0.00039809 BTC

My payments for my 10 Gh/s Genesis Hashlets : 0.00015293 to 0.00014626

Really strange that bad performance on your Genesis Haslet with 15 Gh/s , also it seems that your payment for your zenpool hashslet is really low , ¿are you getting the same amount for use zen pool on your Primes ? , mines ara doing about 0,0006 without use boost on zenpool.

[IanFoxley]

Day 19 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/bvQNaGEcILU

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014181 BTC
Gaw Miners Genesis Hashlet 15 GH/s 0.00015770 BTC

Genesis Mining 1 MH/s contract   0.00034812 BTC
GAW Zen Hashlet                         0.00039809 BTC

My payments for my 10 Gh/s Genesis Hashlets : 0.00015293 to 0.00014626

Really strange that bad performance on your Genesis Haslet with 15 Gh/s , also it seems that your payment for your zenpool hashslet is really low , ¿are you getting the same amount for use zen pool on your Primes ? , mines ara doing about 0,0006 without use boost on zenpool.

Are you taking off the daily fee though, that is important or else one can always look better than the other. With GM the payment you get is always after the fee is removed.
With Zen you have to take the payout you get and then minus the service fee.

Here were my payouts for the Hashlets before I take off the service fees, they look much nicer then.

Genesis Hashlet 0.00021225
Waffle Hashlet  0.00034608
Zen Hashlet  0.00061625

[MacDuro]

Day 19 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/bvQNaGEcILU

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014181 BTC
Gaw Miners Genesis Hashlet 15 GH/s 0.00015770 BTC

Genesis Mining 1 MH/s contract   0.00034812 BTC
GAW Zen Hashlet                         0.00039809 BTC

My payments for my 10 Gh/s Genesis Hashlets : 0.00015293 to 0.00014626

Really strange that bad performance on your Genesis Haslet with 15 Gh/s , also it seems that your payment for your zenpool hashslet is really low , ¿are you getting the same amount for use zen pool on your Primes ? , mines ara doing about 0,0006 without use boost on zenpool.

Are you taking off the daily fee though, that is important or else one can always look better than the other. With GM the payment you get is always after the fee is removed.
With Zen you have to take the payout you get and then minus the service fee.

Here were my payouts for the Hashlets before I take off the service fees, they look much nicer then.

Genesis Hashlet 0.00021225
Waffle Hashlet  0.00034608
Zen Hashlet  0.00061625

Now those numbers looks better , I will continue posting here my payouts to compare , maybe I'm just lucky with my payouts those days .

[IanFoxley]

Video Comparison Day 20 is up now.
http://youtu.be/rNaNcFoZIpI

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014590 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00016502 BTC

Genesis Mining 1 MH/s contract   0.00033375 BTC
GAW Waffle Hashlet                    0.00009210 BTC
GAW Zen Hashlet                         0.00040589 BTC

[MacDuro]

Video Comparison Day 20 is up now.
http://youtu.be/rNaNcFoZIpI

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014590 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00016502 BTC

Genesis Mining 1 MH/s contract   0.00033375 BTC
GAW Waffle Hashlet                    0.00009210 BTC
GAW Zen Hashlet                         0.00040589 BTC

Today my payment has been finally lower , I was affected by a bug :

https://hashtalk.org/topic/9843/mid-sprint-bugs-enhancements

Withdraw/miner fee not properly deducted



Mystery solved , your payments are correct , mines where incorrect , too high due to a bug .

[IanFoxley]

Video Comparison Day 20 is up now.
http://youtu.be/rNaNcFoZIpI

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014590 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00016502 BTC

Genesis Mining 1 MH/s contract   0.00033375 BTC
GAW Waffle Hashlet                    0.00009210 BTC
GAW Zen Hashlet                         0.00040589 BTC

Today my payment has been finally lower , I was affected by a bug :

https://hashtalk.org/topic/9843/mid-sprint-bugs-enhancements

Withdraw/miner fee not properly deducted



Mystery solved , your payments are correct , mines where incorrect , too high due to a bug .

Thanks for letting me know.

[Some1else0]

Video Comparison Day 20 is up now.
http://youtu.be/rNaNcFoZIpI

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014590 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00016502 BTC

Genesis Mining 1 MH/s contract   0.00033375 BTC
GAW Waffle Hashlet                    0.00009210 BTC
GAW Zen Hashlet                         0.00040589 BTC

For the GAW miners, is that the payments you received including or excluding the power/maintenance fee?

[IanFoxley]

Video Comparison Day 20 is up now.
http://youtu.be/rNaNcFoZIpI

Payments were as follows:

Genesis Mining 10 GH/s contract 0.00014590 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00016502 BTC

Genesis Mining 1 MH/s contract   0.00033375 BTC
GAW Waffle Hashlet                    0.00009210 BTC
GAW Zen Hashlet                         0.00040589 BTC

For the GAW miners, is that the payments you received including or excluding the power/maintenance fee?

That is after the fees have been removed.

[IanFoxley]

Day 21 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/KUJP12Xn6Yc

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00013619 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00015704 BTC

Genesis Mining 1 MH/s contract    0.00030739 BTC
GAW Waffle Hashlet                    0.00013091 BTC
GAW Zen Hashlet                         0.00041649 BTC

Ian

[IanFoxley]

Day 22 comparison of payments with Genesis Mining and GAW Miners Hashlets.

http://youtu.be/r8wJZ-SjCmU

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00013853 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00017536 BTC

Genesis Mining 1 MH/s contract    0.00027539 BTC
GAW Waffle Hashlet                    0.00014891 BTC
GAW Zen Hashlet                         0.00040836 BTC

[okae]

Genesis Mining 1 MH/s contract    0.00027539 BTC

Im following this contratc with genesis from you.

Im really interested on it ( even if you payments in last days grow down a bit ) and from what im reading this is a very nice chooise, i definitely will keep this company in mid the next time i have some "cash" to spend

[IanFoxley]

Day 23 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/idGsEtqjnck

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00013120 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00022990 BTC

Genesis Mining 1 MH/s contract    0.00026479 BTC
GAW Waffle Hashlet                    0.00014966 BTC
GAW Zen Hashlet                         0.00046170 BTC

[IanFoxley]

Day 24 comparison of payments with Genesis Mining and GAW Miners Hashlets.

http://youtu.be/aik4063wbOY

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00013335 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00013450 BTC

Genesis Mining 1 MH/s contract    0.00026755 BTC
GAW Waffle Hashlet                    0.00015989 BTC
GAW Zen Hashlet                         0.00046002 BTC

[Kakmakr]

Two stupid newbie questions,

Question 1. If you hoard the coins, received from the cloud mining, until the price of bitcoin increase, would you ROI?
Question 2. I want to buy into cloud mining, but I do not want to switch pools to get the best results. I want it automated, to  mine for me, and preferably mining for BTC.

I have bought some GHs with CEX/Ghash and they mine whatever they feel like, and when they mine Alt, they take maintenance fees in BTC, and this eats up any profits made from mining Alt coins.

When they mine BTC, and take maintenance in BTC it break equal or I profit a bit.

What option is best suited to me, where I am handsoff, but still in a position to ROI?

I have a 10 hour day at work, so I do not have time to switch pools for best results. 

[puwaha]

Two stupid newbie questions,

Question 1. If you hoard the coins, received from the cloud mining, until the price of bitcoin increase, would you ROI?

Yes.  The length of time to ROI depends on the cost of the miner and payouts.

Question 2. I want to buy into cloud mining, but I do not want to switch pools to get the best results. I want it automated, to  mine for me, and preferably mining for BTC.

I have bought some GHs with CEX/Ghash and they mine whatever they feel like, and when they mine Alt, they take maintenance fees in BTC, and this eats up any profits made from mining Alt coins.

When they mine BTC, and take maintenance in BTC it break equal or I profit a bit.

What option is best suited to me, where I am handsoff, but still in a position to ROI?

I have a 10 hour day at work, so I do not have time to switch pools for best results. 

Best return right now is the Zen Hashlet from ZenCloud/GAW.  It's basically set it and let it run.  It cannot change pools, but returns much better than other pools.

[IanFoxley]

Day 25 comparison of payments with Genesis Mining and GAW Miners Hashlets.

http://youtu.be/XWgcJE54W8c

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00013402 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00014371 BTC

Genesis Mining 1 MH/s contract    0.00022544 BTC
GAW Waffle Hashlet                    0.00023010 BTC
GAW Zen Hashlet                         0.00038133 BTC

Ian

[IanFoxley]

Day 26 comparison of payments with Genesis Mining and GAW Miners Hashlets.

http://youtu.be/jpyBLDnL29o

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00013532 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00015348 BTC

Genesis Mining 1 MH/s contract    0.00025290 BTC
GAW Waffle Hashlet                   0.00019819 BTC
GAW Zen Hashlet                         0.00049163 BTC

Edit: Have updated the payment info, as had accidently pasted Day 25 payouts again. Sorry!