Topic: Genesis-Mining Review - page 16. (Read 126871 times)

ya dude, you have way different contracts then the original users there.
your contracts i assume are of the 0.00045 maintence fee?
most of us got older contracts and are all unpaying ;(
i actually have the same as you 600ghs and heres what mine payes ;\
sorry i dint believe you haha but heres my payouts


and that's ya 610gh/s ;(

so thats why noone recommends here man, all the old custys got SCREWED ;(

nope 4 cent per day... i've now 5th/s  plugged on my home network and i still  earn 2$ x day when i'm unlucky  and i pay 0,14 €/kWh ( very expensive)

for buy 5th/s now you spent 1200$ on genesis mining if they worth you 4 cent per day you will touch ROI after 83 years (scam imo)

do your math and make your opinion

yes i not getting huge but small amount i have around 600GHs

http://prntscr.com/azt091

this payout ..

i personally would like to see YOUR proof of still making good coin here bapp.
NOONE survived the difficulty rise at genesis, proof you did?
hashbought 6-7 months ago, is not even 30% roi and i doubt your getting much pay

Have you contacted them for this issue there may be some issue in your account because some time back this happened and solved by them

mmm i've a couple of emails of my tickets but they are not actually a proof... i can post  a screenshot of my account http://www.sleeat.com/genesis.jpg

first part is the proof of my 5th/s
second part is the expected payout
third part is the current payout (4 cent per day lol)

i've no reason to lie (and i wish had no reason for say that they are scammers  )

but actually this is the true.

i'm too lazy for find tickets history but in few words the close my 99% of my contracts because bitcoin was too low (210$)

i hope this help someone.

not sure how but i have using them for more then 6-7 month and without any problem ..and getting bitcoin ..daily ..you can provide some proof that you have 3THs with them ..invested ..because its to possible to close account suddenly ..

yep i've learned the lesson

I am sorry for you loss, looks like the exact thing they do to every one who buys a lot of hashing power. "Oh we are sorry but difficulty has increased, bitcoin price has gone down, so your miner is not profitable anymore so we are shutting it off".
Thats why you should always do your homework to try to learn as much as possible for the site where intend to invest. Based on your account I see you become interested to know about them after them scamming you.

this is my experience with them....i've invested in 5TH/s  lifetime contract after 6 month the bitcoin prize has gone down  for 1 month and they have closed my contract forever even if the bitcoin price has gone up again.

we all known that btc in one year can lose  easily 50% of his value so IMO:

NO chance to get  ROI  DO NOT INVEST

ive lost almost 500$ with my first contract .... so guys be carefull

But what I understand from Hashnest that even the Hash you can buy and sell has already a fix maintaince fee.
That is the reason why some Hash-offers are cheaper comparing to other offers per Hash.
No offer on Hashnest sold from a customer would ever give me ROI.

Only if the btc price would rise (but in this case I just can invest in bitcoins, too)
or
if the new asic chips from newcomer to b2c market coming soon will flop and bitmain has not the need of release their 16/14/12/10nm - then the bitcoin split will lift up the bitcoin chart and nothing will happen.

I think it was bitfury annoucing to send the 16nm chips to retailer since march 2016.
And who was the 14nm company? (forgot it - was another mining farm company with ideads of an own asic chip - have to look up my 1000 favorite bookmarks)
Anyways, they just said more information will follow soon on 14nm.
16nm seems to be out to system builders, retailers, engieneer ... , but we will see if a b2c machine will follow.
The retailers can sell to the public, but they dont have to and can use the advantage first to themselves, then to other business partner with high invests and then to all - at the end

If those two will fail for private customer market and no one else I didnt see or forgot at this point will open up with a new chip I didnt see the need of bitmain to release somethink more effective out of the desk
In this case my own S7 will stay positive and a mining offer will stay good, too. Does not matter if Genesis in Iceland or Antpool @China.
If not and hash power will loose effectivity, both ways are no longer nice and you have to invest in new hardware or hashpower, because of a contract end.

6cent of power cost is nice @Genesis
My are 0.00 - limited - but enough free power left

I decided to invest in own GPU-machines for some Scrypt, Scrpt-N, Quark or whatever - or some more ASIC for SHA256(d) - I will see.

First I will await ...
... 1) new asics and tests about them. I am not in a hurry and I am fine with batch #3 or higher
... 2) the bitcoin split

I think its time to relax and wait a little bit. Bitcoin is climbing already, slow, but up, up, up, down, up, up => up
And how the market really will change - no one can say 100%. Its bitcoin :p

You should not even compare Hashnest with Genesis Mining in the first place. Why? Because if you buy (imaginative figures) 10 THS in Genesis , then your money is stuck with them, and maybe they shut down your miner after 2-3 months saying its not anymore profitable, guess what you lost big. Different with Hashnest where you can trade your mining power.

... and while waiting longer to get your ROI there will be a new chip out and your contract ends, because of the terms.
I understand who will earn the money 100% safe. The casino --- I mean the farm
The point: If there would be a lot of gold coming out of a mine - why share and take money/bitcoins for it?

Finally I got it and for now I wont spend money in it.
I think if a farm is very very new (new machines, new chip etc.) then it can work with a fresh new contract.
And its fair, because you help to build the farm with your money.
At this point (bitcoin split - new asics incoming etc.) - no thank you.

Now I want an asic with 10nm chip tech. + living inside a powerplant

due to recnet increase in difficultly level ..getting roi take longer then we expected ..so you have to wait for long time to get roi

Yes, too hard get ROI invest in cloud mining and in all cloud mining case no one get a profit or get back their money. i hope your calculation will make anyone think first before they put a money in cloud mining.

Ok - I think I got it. Thank you for the information.

P.S.: A pitty - there is no "Thank you" or "Thumbs up" or "Give point" button in here 

Seems correct.

From what I am seeing it looks like HashNest has a maintenance Fee of $0.0005796 GHS/Day and Genesis is currently at $0.00055 GHS/Day.  So currently the more profitable one is Genesis, but the caveat there is that you cannot sell your Hashrate at a later date like you can on HashNest. 

Ok, thank you. That helped me 100% <-- I got it  

Hashnest just had a better overview before buying - even for old contracts on the market. Just didnt get the PicMAC (or whatever) - anyways sold out.

But was not sure if I should take Genesis or Hash and before your answer it was like: Hashnest, because at genesis are no public fee´s on the page and I really dont want to register with half the net before a decision

Anyways. I will wait 60 days to spend my savings and until then I continue mining with my small farm on antpool.
I dont want to stop my farm, but I dont want to let it grow either. (getting to warm if more will follow)

I will first wait for the next btc-split. I promise upgoing price of BTC after it - but I am not sure and so --- I will buy some GH/s soon on a cloud.
Maybe in 2 weeks some testing 10GH/s here and 10GH/s there and just see what the daily withdraw is after 30 days ^^

Or is there such an active comparison with a reward history of Hash vs. Genesis?

For the current Fees on the Hashrate you are purchasing you have to get to the upgrade hashpower than go to checkout, than select View Agreement Toward the bottom of the page and it will tell you the Fees.

To view your fees on older Hashrate you can go to your My Account link and in the drop down list go to My Orders and than you scroll down to find your Orders and you can View each individual contract which should tell you what Fee was attached to the old hashrate you have.

As far as the actual Fees go. Basically the old Hashrate will always be at the set fee they where when you bought it.  If say a new Miner with better fees comes out and you go ahead and buy that, the new Hashrate will be at the new Fee Rate.  So it would be a mix than, your old Hashrate will be at the higher rate, the newer hashrate would be at the new rate.  So for instance say you buy 100 GH/s now at 0.006 for Fees, than later on a new one comes out and the fee for 100 GH/s would be 0.0001, the old hashrate will still be .006 but the new would be .0001.

You can view the Contract Agreement before the Purchase but you do need to add it to the Cart before you can actually see what Fee is included on the Hashrate your trying to buy.

Hope that helped clear up any questions you had about that.