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Author Topic: Genesis Mining vs GAW Mining, Spondoolies, Hashnest and Mining Sweden updates  (Read 57560 times)
IanFoxley (OP)
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September 16, 2015, 04:02:15 PM
 #361

Ian, thanks for the answer. but I have another question. which of the cloud mining made you satisfied? genesis-mining or hashnest? In total with considering the ROI and overall profit and fee, which is most profitable?

Well I like both, they both have advantages.

Advantages for both
Both are legitimate, not fraud companies. So I feel safe that they are not going to just suddenly disappear.

Hashnest Advantages
You can buy and sell hashpower so if you want to leave, you can just sell up and do that.
Display panel is quite neat so you can follow mining results and blocks found on the interface
You can purchase miners though Bitmain and assign them to Hashnest as well.
Payouts get stored on site so you can reinvest quicker,

Hashnest Disadvantages
Only pays out in Bitcoin plus when you do, then you also have to pay a withdrawal fee.
Trading system is great but also if traders are dumping then your hashpower can become worthless if you are trying to sell it as well.
Doesnt accept Credit Cards
No affiliate scheme, even if it was just small rewards, like GM.
As your Bitcoin is stored onsite unless you move it could be a problem if your account gets hacked or the site gets hacked as you could lose your BTC.

Genesis Mining Advantages
Can get payouts in other coins without having to trade yourself. So you can get payouts in Doge, Litecoin Dash etc.
Get daily payouts without having to pay a withdrawal or transfer fee. Also as your coins are paid to you directly each day, then its not so easy for them to get stolen by hackers.
Can purchase with Credit Card if you want
Have an affiliate system with small discounts for users etc

Genesis Mining Disadvantages
You can not sell or trade your hashpower so once you have purchased it, then you have to stick with it.
Interface is basic compared to Hashnest so you just get payout info each day but you can not really monitor it like you can with Hashnest.

Thats what I can think of for now.
If you look at my payout history for Hashnest and GM you will get an idea of the daily payouts.

I think that Hashnest is more profitable at the moment with S5 hashpower being good, but will be interesting to see what happens now that GM has got new lower fee contracts out.

Ian

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September 16, 2015, 06:08:34 PM
 #362

@Ian, Thanks for your complete guide. Cheesy Wink
IanFoxley (OP)
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September 17, 2015, 01:54:34 PM
Last edit: September 18, 2015, 08:41:44 AM by IanFoxley
 #363

Payout info for Mining Day 16.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed
Have added a new Genesis Mining payout as from 16th September Maintenance fee was changed.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00011157 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00008873 BTC 1st payout, so always low as 24 hours of mining not done. Next payout will be full day payout.

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00007863


Hashnest

Payouts based on 25 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00002722 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00009162 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00018994 BTC BTC PLNS

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September 18, 2015, 08:45:17 AM
Last edit: September 18, 2015, 08:07:16 PM by IanFoxley
 #364

Payout info for Mining Day 17.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed
Difficulty change again so this will affect payouts. Change was + 4.17%

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00009316 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s 0.00015815 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00006066 BTC


Hashnest

Payouts based on 24 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00001648 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00007956 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00017582 BTC PLNS

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September 19, 2015, 10:55:39 PM
 #365

Not being able to sell your hashpower is the critical fail that could lead to the demise of Genesis Mining. The second is the upcoming availability of S7 hashing power on the Hashnest market about October 10. S7 hash will be about the same cost as Genesis Mining SHA-256 but Antminer S7 daily maintenance fee will be half of Genesis Mining or $0.00058/GHS/day. No one who takes the time to research will buy at Genesis Mining when Hashnest has the far better deal and GM will no longer be relevant.

IanFoxley (OP)
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September 19, 2015, 11:30:09 PM
 #366

Payout info for Mining Day 18.09.2015. 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  0.00008346  BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s 0.00014782 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00002028 BTC


Hashnest

Payouts based on 26 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00014072 BTC  PLNS 

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00018857 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00026162 BTC PLNS

IanFoxley (OP)
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September 21, 2015, 05:31:11 AM
 #367

Payout info for Mining Day 19.09.2015. 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  0.00008265 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s 0.00014740 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00001974 BTC


Hashnest

Payouts based on 31 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00006904 BTC  PLNS 

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00014052 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00024961 BTC PLNS

IanFoxley (OP)
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September 21, 2015, 05:34:12 AM
Last edit: September 22, 2015, 06:21:17 AM by IanFoxley
 #368

Payout info for Mining Day 20.09.2015. 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  0.00007991 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s 0.00014740 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00001825 BTC


Hashnest

Payouts based on 18 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s    - 0.00005407 BTC  PLNS  Minus Payout today

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00001275 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00011466 BTC PLNS

IanFoxley (OP)
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September 22, 2015, 06:25:04 AM
Last edit: September 22, 2015, 02:56:32 PM by IanFoxley
 #369

Payout info for Mining Day 21.09.2015. 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  0.00007531 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00014501 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00001563 BTC


Hashnest

Payouts based on 8 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s    - 0.00026838 BTC  PLNS  Minus Payout today 2nd day in row

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s  - 0.00020373 BTC  PLNS Minus Payout day 1

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s  - 0.00010509 BTC PLNS Minus Payout day 1

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September 22, 2015, 05:57:15 PM
 #370

Payout info for Mining Day 21.09.2015. 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  0.00007531 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00014501 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00001563 BTC


Hashnest

Payouts based on 8 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s    - 0.00026838 BTC  PLNS  Minus Payout today 2nd day in row

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s  - 0.00020373 BTC  PLNS Minus Payout day 1

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s  - 0.00010509 BTC PLNS Minus Payout day 1

Hi,
Still getting lower by the day.

My payout per GH/s was 0,000001506 just like yours.
IanFoxley (OP)
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September 22, 2015, 06:00:35 PM
 #371

Payout info for Mining Day 21.09.2015. 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  0.00007531 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00014501 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00001563 BTC


Hashnest

Payouts based on 8 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s    - 0.00026838 BTC  PLNS  Minus Payout today 2nd day in row

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s  - 0.00020373 BTC  PLNS Minus Payout day 1

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s  - 0.00010509 BTC PLNS Minus Payout day 1

Hi,
Still getting lower by the day.

My payout per GH/s was 0,000001506 just like yours.

Great! Well at least you know everyone is getting the same kind of payout per GH/s at each relevant maintenance fee level.

IanFoxley (OP)
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September 23, 2015, 02:55:51 PM
 #372

Payout info for Mining Day 22.09.2015. 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  0.00009073 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00015644 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00004692 BTC


Hashnest

Payouts based on 24 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00001999 BTC  PLNS 

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00008061 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s  0.00017312 BTC PLNS

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September 24, 2015, 08:14:50 AM
 #373

Hi,

I invest to Genesis mining, get 0.05TH/s
but calculator https://alloscomp.com/bitcoin/calculator calculates both per Day   0.00042378 BTC   $0.10
but from Genesis,
I got coins per week only this 0.00042378 BTC   $0.10. What is worng? Calculator or Genesis mining?

IanFoxley (OP)
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September 24, 2015, 09:10:12 AM
 #374

Hi,

I invest to Genesis mining, get 0.05TH/s
but calculator https://alloscomp.com/bitcoin/calculator calculates both per Day   0.00042378 BTC   $0.10
but from Genesis,
I got coins per week only this 0.00042378 BTC   $0.10. What is worng? Calculator or Genesis mining?

When did you invest?
I ask this because depending on how long ago then the maintenance fees are different.
Are you removing the maintenance fee from your calculations?
If you look at my payouts these are after the maintenance fees are removed and i have also listed the maintenance fee on each line of payout.

0.0015 USD per GH/s or 0.0012 USD per GH/s as examples.

Ian

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September 24, 2015, 09:18:47 AM
Last edit: September 25, 2015, 03:42:24 PM by IanFoxley
 #375

Payout info for Mining Day 23.09.2015. 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  0.00009459 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00015978 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005113 BTC


Hashnest    

Payouts based on 25 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s    -  0.00003013 BTC  PLNS  Minus payout day 1

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00003705 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s  0.00013948 BTC PLNS

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September 24, 2015, 09:19:41 AM
 #376

Hi,

I invest to Genesis mining, get 0.05TH/s
but calculator https://alloscomp.com/bitcoin/calculator calculates both per Day   0.00042378 BTC   $0.10
but from Genesis,
I got coins per week only this 0.00042378 BTC   $0.10. What is worng? Calculator or Genesis mining?

When did you invest?
I ask this because depending on how long ago then the maintenance fees are different.
Are you removing the maintenance fee from your calculations?
If you look at my payouts these are after the maintenance fees are removed and i have also listed the maintenance fee on each line of payout.

0.0015 USD per GH/s or 0.0012 USD per GH/s as examples.

Ian

invest 10 days ago.
No i did not remove maintenance fee from calculator

today i got:
Dear Customer,

Please be informed that the forexmokymai to Mistertango bill received 0.00009459 BTC. (this is from Genesis mining)

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September 24, 2015, 09:22:41 AM
Last edit: September 24, 2015, 09:44:20 AM by IanFoxley
 #377

Hi,

I invest to Genesis mining, get 0.05TH/s
but calculator https://alloscomp.com/bitcoin/calculator calculates both per Day   0.00042378 BTC   $0.10
but from Genesis,
I got coins per week only this 0.00042378 BTC   $0.10. What is worng? Calculator or Genesis mining?

When did you invest?
I ask this because depending on how long ago then the maintenance fees are different.
Are you removing the maintenance fee from your calculations?
If you look at my payouts these are after the maintenance fees are removed and i have also listed the maintenance fee on each line of payout.

0.0015 USD per GH/s or 0.0012 USD per GH/s as examples.

Ian

invest 10 days ago.
No i did not remove maintenance fee from calculator

Well thats what you need to do. The fee will be 7.5 cents as 0.0015 x 50 = 0.075 so remove 7.5 cents from 10 cents and you are left with 2.5 cents. So 2.5 cents worth of BTC is what your payout is roughly going to be.

I can see you updated your post and as you can see the amount you got was exactly the same as mine, after fees. 0.00009459 BTC

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September 25, 2015, 03:45:53 PM
 #378

Payout info for Mining Day 24.09.2015. 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  0.00009802 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016275 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005113 BTC


Hashnest

Payouts based on 34 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00011789 BTC  PLNS 

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00018304 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s  0.00028229 BTC PLNS

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September 26, 2015, 06:01:34 PM
Last edit: September 26, 2015, 06:34:19 PM by IanFoxley
 #379

Payout info for Mining Day 25.09.2015. 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  0.00010093 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016471 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005842 BTC


Hashnest

Payouts based on 26 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s      0.00002982 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00008879 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s  0.00017870 BTC PLNS

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September 27, 2015, 01:22:47 PM
Last edit: September 27, 2015, 05:00:09 PM by IanFoxley
 #380

Payout info for Mining Day 26.09.2015. 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  0.00010060 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00016461 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005793 BTC


Hashnest

Payouts based on 18 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s      -0.00009642 BTC  PLNS   Minus Payout day 1

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s    -0.00003649 BTC  PLNS  Minus Payout day 1

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s     0.00005492 BTC PLNS

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