Genesis Mining vs GAW Mining, Spondoolies, Hashnest and Mining Sweden updates

[IanFoxley]

Day 95 comparison of payments with Genesis Mining and GAW Miners Hashlets.

http://youtu.be/B3fYF0OVB-U

Payouts for Day 95 were as follows:

Genesis Mining 10 GH/s contract 0.00009434 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00009419 BTC

Genesis Mining 1 MH/s contract  0.00003621 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[1714913751]

1714913751

[1714913751]

1714913751

[IanFoxley]

Day 96 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/OxG6WGgF1Ow

Payouts for Day 96 were as follows:

Genesis Mining 10 GH/s contract 0.00009168 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00009383 BTC

Genesis Mining 1 MH/s contract  0.00001824 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[IanFoxley]

Payouts for Day 97 were as follows:

Genesis Mining 10 GH/s contract 0.00009279 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00009874 BTC

Genesis Mining 1 MH/s contract  0.00003534 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[IanFoxley]

Payouts for Day 98 were as follows:

Genesis Mining 10 GH/s contract 0.00009281 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00009815 BTC

Genesis Mining 1 MH/s contract  0.00003047 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[IanFoxley]

Payouts for Day 99 were as follows:

Genesis Mining 10 GH/s contract 0.00009368 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00009951 BTC

Genesis Mining 1 MH/s contract  0.00002685 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[IanFoxley]

Payouts for Day 100 were as follows:

Genesis Mining 10 GH/s contract 0.00009402 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00010026 BTC

Genesis Mining 1 MH/s contract  0.00003639 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[IanFoxley]

Payouts for Day 101 were as follows:

Genesis Mining 10 GH/s contract 0.00009301 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00009815 BTC

Genesis Mining 1 MH/s contract  0.00002331 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[IanFoxley]

Payouts for Day 102 were as follows:

Genesis Mining 10 GH/s contract 0.00009209 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00009604 BTC

Genesis Mining 1 MH/s contract  0.00004738 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[IanFoxley]

Payouts for Day 103 were as follows:

Genesis Mining 10 GH/s contract 0.00009224 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00009793 BTC

Genesis Mining 1 MH/s contract  0.00004248 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[tglauner]

Can someone please tell my why the scrypt subscription is sold out. Is it that no more hardware is being added for now or is there some other reason.

Also, can someone please comment on sha256 vs scrypt in terms of expected revenue and cost.

[IanFoxley]

Can someone please tell my why the scrypt subscription is sold out. Is it that no more hardware is being added for now or is there some other reason.

Also, can someone please comment on sha256 vs scrypt in terms of expected revenue and cost.

You are probably much better going to the Genesis Mining thread  here..
https://bitcointalk.org/index.php?topic=602022.0


Regarding Scrypt subscriptions, well scrypt payouts are not very good, if you look at my information I have posted above, you can see what people will get for Scrypt vs SHA 256.

Genesis Mining 1 MH/s payout is Scrypt

Genesis Mining 10GH/s payout is SHA 256.

Ian

[IanFoxley]

Had this in my Zeushash account today. Great, so not only is my Scrypt contract dead, so is my SHA 256 contract as well.  And they were still doing big promos for customers just yesterday.....Good job I only had a small amount with them though.


Dear ZeusHash customers,

As Bitcoin price witnessed significant and continuous dropping lately, the daily payouts of GHS will not be able to cover maintenance fees (now at $0.0023 per GHS per day) very soon. As you can see the payouts today have already been eaten up by 98%+ of maintenance fees.

According to our Terms, “in case the daily mining return is lower than the maintenance fee for at least 10 days in a row”, we’ll have to cease the operation of our mining farms and freeze all GHS contracts, which is a forced measure when there’s no mining profitability.

We’d like to warn you not to purchase more GHS as it’s not the best time for investment. And we are working on different plans for your profits when the conditions for freezing GHS contracts are met. The final solution will be released then.

As a dedicated cloud mining platform, ZeusHash will continue its efforts to seek for better solutions to deliver more cost-efficient cloud mining contracts. Negotiations with our partners are going on smoothly and it won’t be long before the new contracts are available.

[IanFoxley]

Payouts for Day 125 were as follows:

http://youtu.be/uyJyUjFxWac

Genesis Mining 10 GH/s contract 0.00005958 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00001727 BTC

Genesis Mining 1 MH/s 1 year contract (no fees) 0.00016239
Genesis Mining 1 MH/s Life contract  0.00000002 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

[IanFoxley]

New SHA 256 prices today

Gold
    50 GH/s
    Lifetime Bitcoin contract
    USD 24.49($0.49 per GH/s)

Platinum
    1,000 GH/s
    Lifetime Bitcoin contract
    USD 469($0.47 per GH/s)

Diamond
    15,000 GH/s
    Lifetime Bitcoin contract
    USD 6,750

Done a youtube video as well
http://youtu.be/s4DJHUjM0uc

[Sempruls]

Looks like soon will be Game Over for Scrypt

[IanFoxley]

Looks like soon will be Game Over for Scrypt

Yes looks like it..shame though...

[IanFoxley]

Day 126 Comparison Video

http://youtu.be/4R1_dzMqMEo

Payouts for Day126 were as follows:
Genesis Mining 10 GH/s contract 0.00006195 BTC
Gaw Miners Genesis Hashlet 15 GH/s  0.00003093 BTC

Genesis Mining 1 MH/s Life contract  0.00000002 BTC
GAW Hashlet Waffle                   0.00000001 BTC
GAW Hashlet Zen                       0.00000001 BTC

Payouts for other Scrypt contracts @1 MH/s which are not included in video comparison
Genesis Mining Scrypt 1 year no daily fees contract  0.00016768
GAW Multi Hashlet 0.00000001

[IanFoxley]

GAW Miners and GM comparison Day 158 video is now up.
https://www.youtube.com/watch?v=WueXoH3tjts

Payouts for Day158 were as follows:
Genesis Mining 11 GH/s contract 0.00006493 BTC
Gaw Miners Genesis Hashlet 15 GH/s  Zero....No payouts since they stopped Cloud Mining on the 1st February

Genesis Mining 1 MH/s Life contract Zero...Account was terminated due to 20 days of zero payouts as per the contract
GAW Hashlet Waffle        No payouts since they stopped Cloud Mining on the 1st February
GAW Hashlet Zen            No payouts since they stopped Cloud Mining on the 1st February

So there you go, not really a comparison anymore though, as GAW Miners has stopped cloud mining and GM terminated my Lifetime Scrypt contract. They gave me 1GH/s as a kind gesture.
Please watch the video if you can and then give me your thoughts about some of the questions I ask. Would love feedback.

Ian

[IanFoxley]

I will be posting updates here regarding daily payouts in GH/s for Genesis Mining SHA 256 Lifetime Contracts.

These figures will be based on my 50 GH/s payout, which will be divided by 50 and then the result will be what you can expect for 1 GH/s.

This might be useful for those of you who might want to compare your payouts or get an idea of what payouts are.

For example, if you want to find out the payout for 200 GH/s, you would get my result for 1 GH/s and multiply it by 200.

This will be 99 percent accurate because not everyone will get the same payout as all our payouts are shared from one big payout so there is a change that my result could be slightly different, but we are talking about just a few satoshis basically.

Anyway I will post my result for Mining Day 29.03.2015 here

50GH/s payout was 0.00021201 BTC, so divided by 50 and the Payout for 1GH/s is roughly 424 satoshis.

As mentioned, just multiply 424 x the number of GH/s you want to find out the payout for, so if you want to know the payout for 15 THs, just multiply 424 by 15000 and you will get 6360000, after adding the zero etc for BTC, it would be 0.06360000 BTC, which would have been roughly the payout for 15TH that day.

Do not forget, the amounts mentioned are after the fees have been removed.

Hope you find it useful.

[IanFoxley]

As some of you may or might now know, I have also recently been investing in Mining Sweden, a cloud mining company based in Sweden.

I purchased 50 VIP shares with them, each VIP share is 5 GH/s so my total hashpower is 250 GH/s.

Now my contract is valid for one year, but unlike Genesis Mining for example, my contract includes all fees up front, so very similar to the kind of contracts that Genesis Mining did before they changed to lifetime contracts. So my payouts already include maintenance and electricity costs for the year.

They also sell Non Vip shares which are cheaper and these also are for one year and include all costs.

The different between VIP shares is that with VIP shares, you will also get to share in the companies profits in the future. More details can be found on their website or on my youtube channel.
I thought I would start listing my payouts here for 250 GH/s. They pay out each week and have been on time, no problems whatsoever.

So here are the payouts. 250 GH/s SHA 256

27 Feb 2015 0.0197925
06 Mar 2015 0.0188475
13 Mar 2015 0.0188475
20 Mar 2015 0.01855
27 Mar 2015 0.022617 (due to good mining that week, payouts were awarded with 20% extra)

So as you can see the payouts are not too bad, although the upfront costs are higher to start with.

I will post the payout each Friday now. I hope you will find it useful.

Mining Sweden Easter competition details here
https://youtu.be/lsbgh3G-gE8

Last payout video here, 27th March 2015 and other information
https://www.youtube.com/watch?v=tzonLfzvt1M


Ian