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

[EvilPanda]

Some of your points

1. Yes, always good, apparently coming soon with Genesis Mining, these things must be a pain to set up though as I know on the zencloud they added it and removed it because of people doing chargebacks and trying to commit fraud. It is good that you can pay with credit card on the GAW miners website though.
2. Double Hash?? Thats only happened a couple of times in the past, I think of it as more of a way of attracting customers or making current customers buy more hashpower thinking that they might get double hashrate soon again. I do like the boost idea on the Primes though even though I just think it is a gimmick as to be honest, my payments look just the same as before I could boost them.
3. Yes, I like that idea too.
4. Still trying to work out what the point is. So far all of my Genesis Mining Payments with Sha256 have been higher than any of the pools they mention.
5. Not exactly a lot of money. I would rather have the system that GM have where you are automatically given an affiliate code you can give to others. I have had lots of free hashpower because of that. Plus can't users downvote you too, which means losing money??
6. New things coming with GM too like X11 mining contracts, not something the hashlets will be able to do for a while if at all, but GM actually have had huge GPU farms for months, long before Scrypt Asics started hitting the market.

Apart from lowering their prices, which I don't really see as copying, as everyone has to lower their prices anyway, GAW miners just helped sort of speed that process up a bit with all those hashlet sales, I cant think of anything where Genesis Mining has copied Gaw Miners.

Ian.

1. Nothing to add here
2. Hashlets are up just a few weeks, how many times would you expect a promo to happen in such a short time?
3. Great
4. You have been comparing the payouts for just a few days, I hope GAW will come on top in the end
5. Every penny counts, especially that in your comparison the difference between some daily payouts of GM and GAW wasn't big, so it's easy to tip the scales.
6. Looking forward to your new ideas. Unfortunately to an average user the fact that you had a GPU farm doesn't mean much besides that the fact that you know your hardware and probably have a lot of coins.

Ok, copying is not the best word. I'd call it reacting to their moves.

OK
2 I believe GAW miners did a similar double hash promotion a few months ago before they had Hashlets, so I was basing that it could be just something they do every few months in general and as people go crazy about it and talk about it, then word gets around and people then have a crazy period of buying Hashlets. It is good for GAW and good for users, but am not sure they would do that too often though. It could be a feature for the prime though in the future, although maybe each prime would just get updated to 2 MH/s each as the price is staying the same, but the other hashlets, apart from the Zen are lowering in price.
4. Yes as a fresh start on Youtube, but I have another account which I have had for a while with lots more hashlets etc, so had a clearer picture.  Same with genesis Mining, I had to have a fresh account for both as it would have been so hard to compare as both have different amounts of hashpower in each account.
6. I don't work for Genesis Mining, so the farm doesn't belong to me, I am just someone who has had an account with them since May.

Yes, reacting is a much better word, although copying does apply to some other companies out there, but mainly to those that have sold Asic hardware and are suddenly in the last few weeks, now doing cloud mining with similar worded names.

Cheers

Ian

I haven't implied that the farm belongs to you.
You're advertising them with both your signature and posts, so I assumed you're affiliated somehow. Furthermore, you've made 5 videos on YT to compare GM to other companies, but if you say you're not related to them, be it your way.
By similar names you must mean genesis hashlet. I'm sure it has nothing to do with GM, but with the genesis block, which is a very common expression in the mining community.
Have a nice day

[IanFoxley]

New video

Payout Comparison Day 4

http://youtu.be/JabCOj5EOvo?list=UUjuA5pMUn38CNcPmmxTE1Aw

Payouts were as follows:

Genesis Mining 10 GH/s contract  0.00018167 BTC
Gaw Miners Genesis Hashlet        0.00013853 BTC


Genesis Mining 1 MH/s contract   0.00045222 BTC
GAW Waffle Hashlet                     0.00028525 BTC
GAW Zen Hashlet                         0.00044208 BTC

[IanFoxley]

Comparison Video Day 5 is ready.
http://youtu.be/AvaVlykC7Wc

Payments for today

Genesis Mining 10 GH/s contract  0.00018023 BTC
Gaw Miners Genesis Hashlet        0.00015843 BTC

Genesis Mining 1 MH/s contract   0.00048226 BTC
GAW Waffle Hashlet                     0.00022521 BTC
GAW Zen Hashlet                         0.00042589 BTC


Ian

[hiddensphinx]

Thanks for the BlackCoin comparison!

think I will join Genesis Mining with an Initial investment of 10MH and get some Blackcoins coming to my wallet   

[IanFoxley]

Thanks for the BlackCoin comparison!

think I will join Genesis Mining with an Initial investment of 10MH and get some Blackcoins coming to my wallet   

 

[IanFoxley]

GM vs GAW Hashlets Comparison Video Day 6 is now up.

http://youtu.be/sIEsZ-YM180

Payouts as follows.

Genesis Mining 10 GH/s contract  0.00017785 BTC
Gaw Miners Genesis Hashlet        0.00014075 BTC

Genesis Mining 1 MH/s contract   0.00042328 BTC
GAW Waffle Hashlet                     0.00022675 BTC
GAW Zen Hashlet                         0.00046226 BTC

For the first time so far the Zen Hashlet had a better payout than the GM 1 MH/s contract.
The 1 MH/s payout from GM was better than the Waffle Hashlet and the 10 GH/s contract payout from GM was better than the payout from the Hashlet Genesis.

Cheers

Ian

[IanFoxley]

Day 7 video is now up.

http://youtu.be/eqNOxK9XWRc

Payments were as follows

Genesis Mining 10 GH/s contract  0.00017828 BTC
Gaw Miners Genesis Hashlet        0.00010444 BTC

Genesis Mining 1 MH/s contract   0.00043175 BTC
GAW Waffle Hashlet                     0.00011022 BTC
GAW Zen Hashlet                         0.00047772 BTC

For the second time in this first week, Zen Hashlet had a better payout than the GM 1 MH/s contract.

Thanks

Ian

[IanFoxley]

My thoughts on Week 1

http://youtu.be/UBnb4mFfGG4

[IanFoxley]

Day 8 video is now up.

http://youtu.be/pI9cyi1a-7w

Day 8 comparison of payments with Genesis Mining and GAW Miners Hashlets.

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00017686 BTC
Gaw Miners Genesis Hashlet        0.00011555 BTC

Genesis Mining 1 MH/s contract   0.00040711 BTC
GAW Waffle Hashlet                     0.00015686 BTC
GAW Zen Hashlet                         0.00045171 BTC

Ian

[IanFoxley]

Day 9 Video is up.

http://youtu.be/C9x6plc_ibE

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00017719 BTC
Gaw Miners Genesis Hashlet        0.00010023 BTC

Genesis Mining 1 MH/s contract   0.00041299 BTC
GAW Waffle Hashlet                     0.00011533 BTC
GAW Zen Hashlet                         0.00051578 BTC

[IanFoxley]

Day 10 comparison of payments with Genesis Mining and GAW Miners Hashlets.

http://youtu.be/MSrRa9jipnk

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00017386 BTC
Gaw Miners Genesis Hashlet        0.00013760 BTC

Genesis Mining 1 MH/s contract   0.00039934 BTC
GAW Waffle Hashlet                     0.00025655 BTC
GAW Zen Hashlet                         0.00048843 BTC

Ian

[IanFoxley]

Day 11 Comparison Video
http://youtu.be/ldisSUZJFWU

Genesis Mining 10 GH/s contract  0.00017688 BTC
Gaw Miners Genesis Hashlet        0.00014198 BTC

Genesis Mining 1 MH/s contract   0.00044423 BTC
GAW Waffle Hashlet                     0.00029356 BTC
GAW Zen Hashlet                         0.00043469 BTC

For the first time in a few days, the 1 MH/s payout from GM was better than the Zen Hashlet. The Waffle Hashlet improved a little but is still not very profitable against the Zen Hashlet or the Genesis Mining 1 megahash contract.

Also the 10GH/s contract from Genesis-Mining is once again better than the Genesis Hashlet. 11 days in now and still not one day where the Hashlet Genesis has had a better payout.

Ian

[IanFoxley]

Day 12 Comparison Video
http://youtu.be/r0nrdoKavcY

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00015151 BTC
Gaw Miners Genesis Hashlet        0.00020084 BTC

Genesis Mining 1 MH/s contract   0.00044169 BTC
GAW Waffle Hashlet                     0.00042250 BTC
GAW Zen Hashlet                         0.00044241 BTC

Ian

[zerocashdev]

Day 12 Comparison Video
http://youtu.be/r0nrdoKavcY

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00015151 BTC
Gaw Miners Genesis Hashlet        0.00020084 BTC

Genesis Mining 1 MH/s contract   0.00044169 BTC
GAW Waffle Hashlet                     0.00042250 BTC
GAW Zen Hashlet                         0.00044241 BTC

Ian

Seems the Zen Hashlet is consistently coming out on top if even by a small amount. Thanks for doing this comparison. 

[IanFoxley]

Day 12 Comparison Video
http://youtu.be/r0nrdoKavcY

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00015151 BTC
Gaw Miners Genesis Hashlet        0.00020084 BTC

Genesis Mining 1 MH/s contract   0.00044169 BTC
GAW Waffle Hashlet                     0.00042250 BTC
GAW Zen Hashlet                         0.00044241 BTC

Ian

Seems the Zen Hashlet is consistently coming out on top if even by a small amount. Thanks for doing this comparison.  

Yes, though you have to bear in mind the GM contract cost 17.99 and the Zen Hashlet 20.95, plus if you look at the first weeks payments for example the GM contract payments were better upto Day 6 so I would say that they are both trading punches and are quite similar to eachother. I think the GM contract will make ROI first though, just a hunch I have. Will see

[IanFoxley]

Day 13 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/tTwcHSAmRzI

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00015110 BTC
Gaw Miners Genesis Hashlet        0.00016861 BTC
Winner - Genesis Hashlet, second time in two days

Genesis Mining 1 MH/s contract   0.00040342 BTC
GAW Waffle Hashlet                    0.00036607 BTC
GAW Zen Hashlet                         0.00042555 BTC


Ian

[sainf]

Well whatever you doing I had 5 MH on genesis and it was looking great, my mistake I added another 170 MH to it... i should have stuck with 5 MH they paid me less than .0045 btc a day. I can put my miners on wafflepool and make that.
No I am not a fudder will prove it so whoever says genises is better..ye right you work for them

[IanFoxley]

Well whatever you doing I had 5 MH on genesis and it was looking great, my mistake I added another 170 MH to it... i should have stuck with 5 MH they paid me less than .0045 btc a day. I can put my miners on wafflepool and make that.
No I am not a fudder will prove it so whoever says genises is better..ye right you work for them

These videos explain what I am doing, they show the payouts as exactly as I have them, it is not my fault if one provider is showing better results than the other some of the time.

[IanFoxley]

Day 14 video is up.

http://youtu.be/lJuapfPAcC8

Payments were as follows:

Genesis Mining 10 GH/s contract  0.00015025 BTC
Gaw Miners Genesis Hashlet        0.00016815 BTC

Genesis Mining 1 MH/s contract   0.00038361 BTC
GAW Waffle Hashlet                    0.00031091 BTC
GAW Zen Hashlet                         0.00050532 BTC

Ian

[sainf]

So in other words you were on a genesis good day...I am also just saying i will put my results on for a week to week basis if you want.But it doesnt really matter they both payout and thats all I am worried about.