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Topic: Genesis-Mining Review - page 34. (Read 126905 times)
Hi Ian - don't suppose you have a link to where it says that the 1 year contracts will be upgraded?
I had a look in my account area and i haven't received any notice on there or in my emails.
Thanks,
Stephen
I had a look in my account area and i haven't received any notice on there or in my emails.
Thanks,
Stephen
Hi Stephen.
It was something that was posted in the forums.
I believe on Facebook too.
https://bitcointalksearch.org/topic/m.8763406
Your contract doesn't change to lifetime until the day your existing one ends.
No chance of me making a ROI with these guys as things stand unfortunately.
I took my 1 year contract out on the 10th of June for 0.433 Btc for 2 Mhz (approximately $277.12).
So far, earnings in just under 3 months have come to $66. The rate of earnings is decreasing steadily however, with approximately only $11 earnt over the past 27 days!
I think if BTC price gets back above $720 dollars this should make a ROI, but if the price continues to stay low there is zero chance of making a ROI.
If however you do feel like experimenting with the service then please click my affiliate link, as if your confident on an increase in Btc price this should make you some profit.
I took my 1 year contract out on the 10th of June for 0.433 Btc for 2 Mhz (approximately $277.12).
So far, earnings in just under 3 months have come to $66. The rate of earnings is decreasing steadily however, with approximately only $11 earnt over the past 27 days!
I think if BTC price gets back above $720 dollars this should make a ROI, but if the price continues to stay low there is zero chance of making a ROI.
If however you do feel like experimenting with the service then please click my affiliate link, as if your confident on an increase in Btc price this should make you some profit.
totally good point!
It is not really so relevant now though as his 1 year contract will be upgraded to a lifetime contract at the end of his 1 year contract, he posted before all the 1 year contracts were upgraded for free, so there is a chance he will make ROI now.
Also since then the price has fallen considerably, but that wont help the poster sadly as he is referring to what he paid at the time.
Ian
It's actually relevant if he's earning $12 a month. It's going to take him 17 more months to break even. I've seen people ROI on mining contracts in less than 6 months.
If there's only a CHANCE to ROI with these contracts, what about profits? Fat chance?
Hi Ian - don't suppose you have a link to where it says that the 1 year contracts will be upgraded?
I had a look in my account area and i haven't received any notice on there or in my emails.
Thanks,
Stephen
I had a look in my account area and i haven't received any notice on there or in my emails.
Thanks,
Stephen
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
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
No chance of me making a ROI with these guys as things stand unfortunately.
I took my 1 year contract out on the 10th of June for 0.433 Btc for 2 Mhz (approximately $277.12).
So far, earnings in just under 3 months have come to $66. The rate of earnings is decreasing steadily however, with approximately only $11 earnt over the past 27 days!
I think if BTC price gets back above $720 dollars this should make a ROI, but if the price continues to stay low there is zero chance of making a ROI.
If however you do feel like experimenting with the service then please click my affiliate link, as if your confident on an increase in Btc price this should make you some profit.
I took my 1 year contract out on the 10th of June for 0.433 Btc for 2 Mhz (approximately $277.12).
So far, earnings in just under 3 months have come to $66. The rate of earnings is decreasing steadily however, with approximately only $11 earnt over the past 27 days!
I think if BTC price gets back above $720 dollars this should make a ROI, but if the price continues to stay low there is zero chance of making a ROI.
If however you do feel like experimenting with the service then please click my affiliate link, as if your confident on an increase in Btc price this should make you some profit.
totally good point!
It is not really so relevant now though as his 1 year contract will be upgraded to a lifetime contract at the end of his 1 year contract, he posted before all the 1 year contracts were upgraded for free, so there is a chance he will make ROI now.
Also since then the price has fallen considerably, but that wont help the poster sadly as he is referring to what he paid at the time.
Ian
No chance of me making a ROI with these guys as things stand unfortunately.
I took my 1 year contract out on the 10th of June for 0.433 Btc for 2 Mhz (approximately $277.12).
So far, earnings in just under 3 months have come to $66. The rate of earnings is decreasing steadily however, with approximately only $11 earnt over the past 27 days!
I think if BTC price gets back above $720 dollars this should make a ROI, but if the price continues to stay low there is zero chance of making a ROI.
If however you do feel like experimenting with the service then please click my affiliate link, as if your confident on an increase in Btc price this should make you some profit.
I took my 1 year contract out on the 10th of June for 0.433 Btc for 2 Mhz (approximately $277.12).
So far, earnings in just under 3 months have come to $66. The rate of earnings is decreasing steadily however, with approximately only $11 earnt over the past 27 days!
I think if BTC price gets back above $720 dollars this should make a ROI, but if the price continues to stay low there is zero chance of making a ROI.
If however you do feel like experimenting with the service then please click my affiliate link, as if your confident on an increase in Btc price this should make you some profit.
totally good point!
OOps, should have posted this here yesterday.
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
Will post links to Day 10 later today.
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
Will post links to Day 10 later today.
Thanks for posting this, following with interest.
Thanks for the review, been thinking of giving them a go, like the multiple coin option, GAW or LTC Gear don't have that though LTC Gear do have $5.3125 per 1mh cost on LTC of FTC mining at the mo.
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
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
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.
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.
Well after nearly a week, Ive had my payment from GM today, just waiting for the others, I will say this.
Don't bother buying sha256 contracts, they are just not worth the money at the moment compared to buying scrypt contracts.
Watch my video later when it is uploaded and you will start to understand why I am saying this.
Ian
Don't bother buying sha256 contracts, they are just not worth the money at the moment compared to buying scrypt contracts.
Watch my video later when it is uploaded and you will start to understand why I am saying this.
Ian
well talk about that for a twist!
Not really much in it all week to be honest with the Zen and the GM contract, but the Zen Hashlet does cost 3 USD more for a start.
I think one of the reasons the Zen did better today was because I got the payment from GM at 4 18am this morning when BTC was quite low against the dollar.
The price of BTC started to rise again during the day, the Hashlet payment came in the evening for me here, so about 14 hours later and the 8 cent service fee in BTC would have been less compared to the 8 cents Genesis Mining fee in BTC, so that might have made a difference. Will see how the payments go tomorrow.
Ian
well talk about that for a twist!
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
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
Anyone find out about what would happen if the mining wasnt profitable one day and the fees we're higher than the btc earned?
Ahmed
Ahmed
No not yet, to be honest I have not thought too much about it just yet, will worry about it when it gets to that point, will not be for a while yet and by then I am sure GM would have lowered the prices or changed something so that it might not matter anyway.
This seems as a nice service, I might try this soon.
Anyone find out about what would happen if the mining wasnt profitable one day and the fees we're higher than the btc earned?
Ahmed
Ahmed
Comparison Video Day 5
http://youtu.be/AvaVlykC7Wc
Payments today were as follows.
Genesis Mining 10 GH/s contract 0.00018023 BTC
Genesis Mining 1 MH/s contract 0.00048226 BTC
http://youtu.be/AvaVlykC7Wc
Payments today were as follows.
Genesis Mining 10 GH/s contract 0.00018023 BTC
Genesis Mining 1 MH/s contract 0.00048226 BTC
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