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

[IanFoxley]

Payout info for Mining Day 27.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00009752 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016202 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005452 BTC


Hashnest

Payouts based on 31  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00004556 BTC  PLNS   

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s     0.00011613 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s     0.00022390 BTC PLNS

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[IanFoxley]

Payout info for Mining Day 28.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00010429 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016739 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00006216 BTC


Hashnest

Payouts based on 21  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        -0.00004124 BTC  PLNS   Minus Payout day 1

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00001751 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00010716 BTC PLNS

[IanFoxley]

Payout info for Mining Day 29.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00010482 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016795 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00006274 BTC


Hashnest

Payouts based on 31  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         0.00007942 BTC  PLNS   

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00014216 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00023790 BTC PLNS

[IanFoxley]

Genesis Mining added X11 contracts today so now users can mine Dash and Start coin which are both X11 coins natively.

There is also a BTC (AUTO) option so this means that if you allocate hashpower to this, then they take the most profitable coin which can be either Dash or Start depending on which is more profitable during the day I would guess and then at payout time they trade your Dash or Start coin payout to BTC and pay out as Bitcoin.

This seems quite interesting so have purchased 1 MH/s X11 and set it to BTC (AUTO) to compare the payouts.

The price of 1 MH/s is almost 24 USD which is slightly more expensive than 50 GH/s SHA 256.

The difference is also that X11 contracts are 1 year only but do not include any maintenance fees so there is no extra coming from your payout each day.

So I will add these to the payouts from tomorrow and it will be interesting to see if purchasing X11 will be more profitable than buying SHA 256 hashpower.

I have also purchased 2 other contracts and allocated 1 MH/s each to Start and 1 MH/s to Dash, so I can list those payouts too if you like.

Give me feedback!

Thanks

Ian

[IanFoxley]

Payout info for Mining Day 30.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00010299 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016647 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00006068 BTC


Hashnest

Payouts based on 25  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00000894 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00006615 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00015342 BTC PLNS

[POM]

Waiting for your first X11 payout before I commit on these MH/s. They've been hyping this up for a while now, I'm excited to see how they pay out.

[speedt_ouch]

Genesis Mining added X11 contracts today so now users can mine Dash and Start coin which are both X11 coins natively.

There is also a BTC (AUTO) option so this means that if you allocate hashpower to this, then they take the most profitable coin which can be either Dash or Start depending on which is more profitable during the day I would guess and then at payout time they trade your Dash or Start coin payout to BTC and pay out as Bitcoin.

This seems quite interesting so have purchased 1 MH/s X11 and set it to BTC (AUTO) to compare the payouts.

The price of 1 MH/s is almost 24 USD which is slightly more expensive than 50 GH/s SHA 256.

The difference is also that X11 contracts are 1 year only but do not include any maintenance fees so there is no extra coming from your payout each day.

So I will add these to the payouts from tomorrow and it will be interesting to see if purchasing X11 will be more profitable than buying SHA 256 hashpower.

I have also purchased 2 other contracts and allocated 1 MH/s each to Start and 1 MH/s to Dash, so I can list those payouts too if you like.

Give me feedback!

Thanks

Ian

Thanks.
Ill be looking at your thread to check the results

[IanFoxley]

Payout info for Mining Day 01.10.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed
Have added GM X11 BTC payouts as well. BTC (AUTO) works by mining profitable X11 coins and having the payout exchange to BTC and then paid out as BTC. Payout is per 1MH/s.

Was a difficulty change between this payout and the last payout so this will affect most payouts below.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00009486 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00015812 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005269 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00029132 BTC


Hashnest

Payouts based on 24  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s       - 0.00004433 BTC  PLNS   Minus Payout Day 1

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00001820 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00011031 BTC PLNS


GM X11 1 MH/s

Startcoin                   3.37457533 START

Dash                        0.02933941 DRK

[IanFoxley]

Mining Sweden News.

Had an update from them in the mail today.


They are starting to sell Antminer S7 VIP shares in their webshop. They will not start functioning for another month or so though as they have to wait for the miners to be delivered obviously

So if you want to take a peek, go to their website at www.miningsweden.se

Will most likely do a video for Youtube too in the coming days, so will post link if I do.

Ian

[IanFoxley]

Also...

Once Bitmain starts selling S7 Hashpower contracts, around October 10th I believe, will purchase 50GH/s so you can all keep track and compare payouts with this new hardware.

Thanks

Ian

[StevenLiang]

Also...

Once Bitmain starts selling S7 Hashpower contracts, around October 10th I believe, will purchase 50GH/s so you can all keep track and compare payouts with this new hardware.

Thanks

Ian

I already prepare a lot BTC for October 10th 

Thanks for your update, Ian. Bookmarked and notify.

Best Regards,

[IanFoxley]

Also...

Once Bitmain starts selling S7 Hashpower contracts, around October 10th I believe, will purchase 50GH/s so you can all keep track and compare payouts with this new hardware.

Thanks

Ian

I already prepare a lot BTC for October 10th 

Thanks for your update, Ian. Bookmarked and notify.

Best Regards,

Sounds good, I noticed that Hashnest introduced Pacmic V4 today but they dont seem as good as the Pacmic V3s......hmm anyway.

[IanFoxley]

Payout info for Mining Day 02.10.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed
Have added GM X11 BTC payouts as well. BTC (AUTO) works by mining profitable X11 coins and having the payout exchange to BTC and then paid out as BTC. Payout is per 1MH/s.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00009703 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016003 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005503 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00030651 BTC


Hashnest

Payouts based on 30  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00006588 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00012500 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00021849 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.57240124 START

Dash                        0.02446055  DRK

[IanFoxley]

Payout info for Mining Day 03.10.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed
Have added GM X11 BTC payouts as well. BTC (AUTO) works by mining profitable X11 coins and having the payout exchange to BTC and then paid out as BTC. Payout is per 1MH/s.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00009723 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016017 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005526 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00030036 BTC


Hashnest

Payouts based on 19  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s       - 0.00011898 BTC  PLNS   Minus payout day 1

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s    -  0.00005563 BTC  PLNS   Minus payout day 1

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00004104 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.35894852 START

Dash                        0.03397524  DRK

[IanFoxley]

Payout info for Mining Day 04.10.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed
Have added GM X11 BTC payouts as well. BTC (AUTO) works by mining profitable X11 coins and having the payout exchange to BTC and then paid out as BTC. Payout is per 1MH/s.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00009759 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016037 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005574 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00031217 BTC

Hashnest

Payouts based on 23  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s       - 0.00005759 BTC  PLNS   Minus payout day 2

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00000434 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00009880 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.58928670 START

Dash                        0.02495755  DRK

[IanFoxley]

Payout info for Mining Day 05.10.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00009675 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00015971 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005478 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00030057 BTC

Hashnest

Payouts based on 27  blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s       - 0.00000052 BTC  PLNS   Minus payout day 3

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00006210 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00015765 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.44832720 START

Dash                        0.03004032  DRK

[IanFoxley]

Payout info for Mining Day 06.10.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00010239 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016411 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00006125 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00030044 BTC

Hashnest

Payouts based on 27  blocks found.
Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00000691 BTC  PLNS   

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00006750 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00015980 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.2757767 START

Dash                        0.02730190  DRK

[IanFoxley]

I did something a little crazy today.

I purchased 300 MH/s of X11 hashpower.

The total price was 22.1385 BTC or at the time 5429 USD.

At the moment with BTC (AUTO) this means I will get around 0.09 BTC a day so if things go ok and payouts seem stable then it could be quite profitable.
This will be for 1 year and also maintenance costs are already included in the price.

Looking at GPU prices, to mine 12 MH/s X11 at home requires something like a GTX 980TI GPU and that costs around 700 USD or in the UK over 600 Pounds.

So for me purchasing 300 MH/s this way seems a bargain compared to the amount of GPUs i would have to purchase to do this.
300 MH/s X11 would require 25 Nvidia 980Ti Graphics cards, so 25 x 700 = 17500 USD or for me in the UK 25 x 600 = 15 000 GBP or almost 23 000 USD. Yep, you USA guys get quite a good deal on hardware.

Then I would have to purchase mainboards, memory, install OS's and PSUs etc and then having to then pay the electricity costs on top which is already included in the price I paid.

If the payouts continue to be 0.09 BTC a day, although naturally Crypto is an ass and will punish me down the line, it could be possible that if Crypto is kind that I could make ROI in 245 days leaving the other 120 days as profit but as we all know, it never works out like this most of the time.

Just hope some big baddass X11 Asics do not come out in the future although I am not aware of anything apart from some USB Stick X11 miners which might or might not exist. Some people have ordered them, but not sure if they have actually got them or not or if they work.

Wish me luck!

Ian

[speedt_ouch]

I did something a little crazy today.

I purchased 300 MH/s of X11 hashpower.

The total price was 22.1385 BTC or at the time 5429 USD.

At the moment with BTC (AUTO) this means I will get around 0.09 BTC a day so if things go ok and payouts seem stable then it could be quite profitable.
This will be for 1 year and also maintenance costs are already included in the price.

Looking at GPU prices, to mine 12 MH/s X11 at home requires something like a GTX 980TI GPU and that costs around 700 USD or in the UK over 600 Pounds.

So for me purchasing 300 MH/s this way seems a bargain compared to the amount of GPUs i would have to purchase to do this.
300 MH/s X11 would require 25 Nvidia 980Ti Graphics cards, so 25 x 700 = 17500 USD or for me in the UK 25 x 600 = 15 000 GBP or almost 23 000 USD. Yep, you USA guys get quite a good deal on hardware.

Then I would have to purchase mainboards, memory, install OS's and PSUs etc and then having to then pay the electricity costs on top which is already included in the price I paid.

If the payouts continue to be 0.09 BTC a day, although naturally Crypto is an ass and will punish me down the line, it could be possible that if Crypto is kind that I could make ROI in 245 days leaving the other 120 days as profit but as we all know, it never works out like this most of the time.

Just hope some big baddass X11 Asics do not come out in the future although I am not aware of anything apart from some USB Stick X11 miners which might or might not exist. Some people have ordered them, but not sure if they have actually got them or not or if they work.

Wish me luck!

Ian

Hi Ian

That is a huge investment
I hope all goes well for you.
I'm holding some satoshi's to invest in some ghs of S7, what are your thoughts on it?

I have a question regarding hashnest if you may... Its regarding there graphic
The serpent like line, before it was most of the time on about 0.01, now days its lower than 0.008.

What does this mean? That mining is becoming less and less profitable correct? And this values going down is because of the difficulty increase?

Thanks in advance.

PS: Still getting exactly the same value per ghs from genesis has you.

[IanFoxley]

Hi Ian

That is a huge investment
I hope all goes well for you.
I'm holding some satoshi's to invest in some ghs of S7, what are your thoughts on it?

I have a question regarding hashnest if you may... Its regarding there graphic
The serpent like line, before it was most of the time on about 0.01, now days its lower than 0.008.

What does this mean? That mining is becoming less and less profitable correct? And this values going down is because of the difficulty increase?

Thanks in advance.

PS: Still getting exactly the same value per ghs from genesis has you.

S7 will be quite good as the maintenance fee is pretty low but I think at first when hashpower is being sold on the marketplace it will be quite expensive compared to S5 hash but in the future when difficulty increases and then the blockhalving happens in July, the S7 should be pretty good because of the fact its really power efficient.

Regarding hashnest, well I have been reading posts about pool performance lately, some users have been banned and also any threads posted about the pool seem to get deleted so something is going on anyway. Some users have their own theories about it which I will not go on about here as they can be found on other threads in this forum.
Personally I think something is up as the payouts with Hashnest have been a little inconsistent lately, not sure why..but I hope they get their issues fixed soon whatever they are.

Ian