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

[CjMapope]

Hi Ian, do you have the numbers for the new Ether Mining (min 3Mh/s contracts, no fees as per other x11)?
I enjoy seeing you admittingly guinea pig yourself to Genesis for the community, i tip my hat to you Sir.
Await seeing these numbers, and Happy Holidays Man

[Giulini]

Hi Ian, do you have the numbers for the new Ether Mining (min 3Mh/s contracts, no fees as per other x11)?
I enjoy seeing you admittingly guinea pig yourself to Genesis for the community, i tip my hat to you Sir.
Await seeing these numbers, and Happy Holidays Man

I am also very interested to get further information about the Genesis Ether Mining, but it looks not good, Genesis can not do miracles, my 20 MH/s X11 one year contract still has after a couple of weeks a payback time of around 360 days :-)

[IanFoxley]

Hi Ian, do you have the numbers for the new Ether Mining (min 3Mh/s contracts, no fees as per other x11)?
I enjoy seeing you admittingly guinea pig yourself to Genesis for the community, i tip my hat to you Sir.
Await seeing these numbers, and Happy Holidays Man

I have not bought any yet, mainly because getting an Ethereum wallet set up seems quite hard.

It doesnt seem the best of coin to get payouts setup to....

[CjMapope]

Hi Ian, do you have the numbers for the new Ether Mining (min 3Mh/s contracts, no fees as per other x11)?
I enjoy seeing you admittingly guinea pig yourself to Genesis for the community, i tip my hat to you Sir.
Await seeing these numbers, and Happy Holidays Man

I have not bought any yet, mainly because getting an Ethereum wallet set up seems quite hard.

It doesnt seem the best of coin to get payouts setup to....

Understandable ya, it's been a slow development for Ethers wallet for sure, but Geth runs out of box for command-line wallet (stable) and i BELIEVE they have  stable build of Mist,. check their forums as you can tell by my sig i dont support Ether's gameplan (love the tech/idea behind it tho) so i dont have Mist or Geth, but i heard they are 'safe to use" (wont destroy your coins).

[Bitcoinbro]

I would not recommend my enemy to one of those.
Maybe an exception for Spondoolies, they haven't *** right. So they deserver a chance.

It would be good if someone could bring in some objectivity here, and so here I am.

[IanFoxley]

Maybe an exception for Spondoolies, they haven't *** right. So they deserver a chance.

You obviously did not do your homework regarding Spondoolies.

A.  They use Genesis Mining for hosting hashpower. So they are mining at Genesis Minings datacentres

B. Their contracts are more expensive than GM contracts

C. Maintenance fees are higher than GM contracts

D. Genesis Mining promo codes not compatible.

E. You can only assign Hashpower to Bitcoin, nothing else.

Do i need to go on?

Also just look at payout info in previous pages and you will see that payouts with Spondoolies are some of the worst.

[IanFoxley]

Hi Ian, do you have the numbers for the new Ether Mining (min 3Mh/s contracts, no fees as per other x11)?
I enjoy seeing you admittingly guinea pig yourself to Genesis for the community, i tip my hat to you Sir.
Await seeing these numbers, and Happy Holidays Man

Well not just Genesis Mining, Hashnest etc too.

But like i said before, i do not mind being a guinea pig. I just do the minimum amounts which these days are less than what people spend on other things so if my contracts die, so be it, its not a huge loss but I feel in a way it is just helping others decide what to do and as the payouts are real and valid, it is much better than someone just writing that so and so company is the best or their payouts are the best without actually showing any evidence of it.

[speedt_ouch]

Hi Ian.

I see your daily reports stopped on October.
I imagine all the time and work it take to gather and share the information here just got too much.

Anyway... has bitcoin diff goes up, profits have been going down mining bitcoin.
So I have been looking in to mine some alt coins.
If Im corret the designation is scrypt?! Has bitcoin is SHA-256?

I'm guessing that mining the less popular virtual coin mite be, for now, a little for profitable.
I thing the X11 plan GM has does this right? Mines the most profitable altcoin that day and pays out in bitcoins.

So I can get an idea of the earning per day for 1MH/s I was looking to see your values if possible. Or any other values.

Please feel free to share more information you mite have.

Thank you.

[IanFoxley]

Hi Ian.

I see your daily reports stopped on October.
I imagine all the time and work it take to gather and share the information here just got too much.

Anyway... has bitcoin diff goes up, profits have been going down mining bitcoin.
So I have been looking in to mine some alt coins.
If Im corret the designation is scrypt?! Has bitcoin is SHA-256?

I'm guessing that mining the less popular virtual coin mite be, for now, a little for profitable.
I thing the X11 plan GM has does this right? Mines the most profitable altcoin that day and pays out in bitcoins.

So I can get an idea of the earning per day for 1MH/s I was looking to see your values if possible. Or any other values.

Please feel free to share more information you mite have.

Thank you.

I will try and post some again soon

[Zaun]

I would not recommend my enemy to one of those.
Maybe an exception for Spondoolies, they haven't *** right. So they deserver a chance.

It would be good if someone could bring in some objectivity here, and so here I am.

I can agree on this. Never will I use Genesis mining again. The only cloud mining with competative rates is Hashnest.
Mining sweden is fair to expensive when you compare it with other parties. Altough i think those guys are no scammers like Genesis mining

[speedt_ouch]

Hi Ian.

I see your daily reports stopped on October.
I imagine all the time and work it take to gather and share the information here just got too much.

Anyway... has bitcoin diff goes up, profits have been going down mining bitcoin.
So I have been looking in to mine some alt coins.
If Im corret the designation is scrypt?! Has bitcoin is SHA-256?

I'm guessing that mining the less popular virtual coin mite be, for now, a little for profitable.
I thing the X11 plan GM has does this right? Mines the most profitable altcoin that day and pays out in bitcoins.

So I can get an idea of the earning per day for 1MH/s I was looking to see your values if possible. Or any other values.

Please feel free to share more information you mite have.

Thank you.

I will try and post some again soon

Great.
I'll be looking forward to see the values.
But still I wonder if my reasoning is correct regarding the altcoin mining?

[anderl]

I would not recommend my enemy to one of those.
Maybe an exception for Spondoolies, they haven't *** right. So they deserver a chance.

It would be good if someone could bring in some objectivity here, and so here I am.

I can agree on this. Never will I use Genesis mining again. The only cloud mining with competative rates is Hashnest.
Mining sweden is fair to expensive when you compare it with other parties. Altough i think those guys are no scammers like Genesis mining

Fairly expensive.  How can it be fair and expensive?  I understand that they have reduced cooling costs being in the nordic climate but it doesn't' look like they can scale out big enough to be very competitive or be willing to relocate to a cheaper location.  Chinese farms will always eat their lunch.

[IanFoxley]

Happy New Year one and all.

I will start to try and post daily updates again.

Just for a refresher I will past my last payout info which was for the end of October 2015 and then I will post the payout info for Mining Day 01.01.2016

Lots of have happened with payouts in that time..Lots of big changes in difficulty which has affected payouts alot.

Anyway here at the payouts again for Mining Day 30.10.2015



Payout info for Mining Day 30.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00016929 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00021553 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00013847 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00015283 BTC

Hashnest

Payouts based on 24 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         0.00003527 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00007932 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s       0.00014651 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00023534 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   0.95878533 START

Dash                        0.01907976 DRK

[IanFoxley]

Payout info for Mining Day 01.01.2016 All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed

Since the last payout I have also added payouts based on a Genesis Mining contract I purchased in early December which is 0.0099 USD per GH/s or eqv to 0.99 USD per TH/s

Genesis Mining

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00006795 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00010327 BTC

Genesis Mining 50 GH/s @ 0.00099 USD per GH/s   0.00012800 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00004353 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00016118 BTC

Hashnest

Payouts based on 35 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        - 0.00000632 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00002763 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s       0.00007946 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00014808 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.40759706 START

Dash                        0.01635105 DRK

[IanFoxley]

Payout info for Mining Day 02.01.2016 All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed

Genesis Mining

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00006818 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00010349 BTC

Genesis Mining 50 GH/s @ 0.00099 USD per GH/s   0.00012821 BTC  

Genesis Mining 50 GH/s @ 0.00089 USD per GH/s   0.00005879 BTC   First payout so not full 24 hour.

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00004377 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00016349 BTC

Hashnest

Payouts based on 42 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s          0.00004358 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00007606 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s       0.00012550 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00019095 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.18884602 START

Dash                        0.01513213 DRK

[IanFoxley]

Payout info for Mining Day 03.01.2016 All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed

Genesis Mining

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00006628 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00010197 BTC

Genesis Mining 50 GH/s @ 0.00099 USD per GH/s   0.00012696 BTC  

Genesis Mining 50 GH/s @ 0.00089 USD per GH/s   0.00013886 BTC  

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00004165 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00016532 BTC

Hashnest

Payouts based on 40 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s          0.00003538 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00006011 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s       0.00011169 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00017993 BTC PLNS

GM X11 1 MH/s Dash and Start

Startcoin                   0.71962863 START

Dash                        0.00847804 DRK

[IanFoxley]

Payout info for Mining Day 04.01.2016 All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed

Genesis Mining

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00006806 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00010341 BTC

Genesis Mining 50 GH/s @ 0.00099 USD per GH/s   0.00012815 BTC   

Genesis Mining 50 GH/s @ 0.00089 USD per GH/s   0.00013993 BTC   

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00004362 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00016532 BTC

Hashnest

Payouts based on 48 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s          0.00007438 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00010751 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s       0.00015809 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00022500 BTC PLNS

GM X11 1 MH/s Dash and Start

Startcoin                   0.71962863 START

Dash                        0.01103690 DRK

[IanFoxley]

Payout info for Mining Day 05.01.2016 All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed

Genesis Mining

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00006851 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00010393 BTC

Genesis Mining 50 GH/s @ 0.00099 USD per GH/s   0.00012872 BTC   

Genesis Mining 50 GH/s @ 0.00089 USD per GH/s   0.00014052 BTC   

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00004403 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00015521 BTC

Hashnest

Payouts based on 37 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         - 0.00000242 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00003246 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s       0.00008654 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00015806 BTC PLNS

GM X11 1 MH/s Dash and Start

Startcoin                   1.06859299 START

Dash                        0.01245951 DRK

[IanFoxley]

Payout info for Mining Day 06.01.2016 All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed

Genesis Mining

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00006760 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00010317 BTC

Genesis Mining 50 GH/s @ 0.00099 USD per GH/s   0.00012807 BTC   

Genesis Mining 50 GH/s @ 0.00089 USD per GH/s   0.00013993 BTC   

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00004303 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00015521 BTC

Hashnest

Payouts based on 30 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s       - 0.00001367 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00002286 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s       0.00006677 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00012494 BTC PLNS

GM X11 1 MH/s Dash and Start

Startcoin                   1.02621764 START

Dash                        0.01808713 DRK

[IanFoxley]

Payout info for Mining Day 07.01.2016 All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed

Genesis Mining

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00007381 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00010798 BTC

Genesis Mining 50 GH/s @ 0.00099 USD per GH/s   0.00013190 BTC   

Genesis Mining 50 GH/s @ 0.00089 USD per GH/s   0.00014330 BTC   

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00005003 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00018318 BTC

Hashnest

Payouts based on 51 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         0.00009081 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00011736 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s       0.00017561 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00024024 BTC PLNS

GM X11 1 MH/s Dash and Start

Startcoin                   1.1225284 START

Dash                        0.01822203 DRK