Genesis-Mining Review - page 37. | Bitcointalksearch.org

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: FinalHash on September 10, 2014, 03:15:01 PM

Just had another call with Marco,

He said he is in the process of getting credit cards up. He is on a call with the bank actually now. Since it is international and all that he has to jump through some hoops it sounds like. Should be getting those online by end of next week.

Also, As i mentioned before you can use the code BTCTALK for 5% off

That's good news.

Want to try and save us much BTC as possible, so paying with Card now and then is a must!

I just purchased 10GH/s to try and compare what the daily payment is compared to other companies.

Will post my results as soon as they start coming in.

Thanks for the code btw!

FinalHash

member

Activity: 108

Merit: 10

Just had another call with Marco,

He said he is in the process of getting credit cards up. He is on a call with the bank actually now. Since it is international and all that he has to jump through some hoops it sounds like. Should be getting those online by end of next week.

Also, As i mentioned before you can use the code BTCTALK for 5% off

zdaz14

newbie

Activity: 42

Merit: 0

Quote from: IanFoxley on September 10, 2014, 02:54:00 PM

Quote from: zdaz14 on September 10, 2014, 02:47:26 PM

Quote from: IanFoxley on September 10, 2014, 01:59:28 PM

Quote from: zdaz14 on September 10, 2014, 01:32:30 PM

Quote from: ahmed_bodi on September 10, 2014, 01:25:52 PM

so then that means its the cheapest of all the cloud hosting providers?

It's an interesting idea but having to pay $10 extra for any order under $150 made me decide to pass on trying it.

Can you explain a little bit more about that.

Went to check out with 30 Ghs (to give it a shot) and it said I had to pay another $10 on top of that since it was under $150 for the bank wire. So, as a recent graduate working my first post-college job, I decided that $10 could better be spent else where. Like another 10 Ghs from GAW.

Oh I see, when you went to pay with USD, yes it is a shame that GM do not do credit cards yet.

Yeah, it is. Probably wanting to avoid back charges for a variety of reasons.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: zdaz14 on September 10, 2014, 02:47:26 PM

Quote from: IanFoxley on September 10, 2014, 01:59:28 PM

Quote from: zdaz14 on September 10, 2014, 01:32:30 PM

Quote from: ahmed_bodi on September 10, 2014, 01:25:52 PM

so then that means its the cheapest of all the cloud hosting providers?

It's an interesting idea but having to pay $10 extra for any order under $150 made me decide to pass on trying it.

Can you explain a little bit more about that.

Went to check out with 30 Ghs (to give it a shot) and it said I had to pay another $10 on top of that since it was under $150 for the bank wire. So, as a recent graduate working my first post-college job, I decided that $10 could better be spent else where. Like another 10 Ghs from GAW.

Oh I see, when you went to pay with USD, yes it is a shame that GM do not do credit cards yet.

zdaz14

newbie

Activity: 42

Merit: 0

Quote from: IanFoxley on September 10, 2014, 01:59:28 PM

Quote from: zdaz14 on September 10, 2014, 01:32:30 PM

Quote from: ahmed_bodi on September 10, 2014, 01:25:52 PM

so then that means its the cheapest of all the cloud hosting providers?

It's an interesting idea but having to pay $10 extra for any order under $150 made me decide to pass on trying it.

Can you explain a little bit more about that.

Went to check out with 30 Ghs (to give it a shot) and it said I had to pay another $10 on top of that since it was under $150 for the bank wire. So, as a recent graduate working my first post-college job, I decided that $10 could better be spent else where. Like another 10 Ghs from GAW.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: zdaz14 on September 10, 2014, 01:32:30 PM

Quote from: ahmed_bodi on September 10, 2014, 01:25:52 PM

so then that means its the cheapest of all the cloud hosting providers?

It's an interesting idea but having to pay $10 extra for any order under $150 made me decide to pass on trying it.

Can you explain a little bit more about that.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: IanFoxley on September 10, 2014, 12:54:22 PM

GM have lowered their SHA256 and Scrypt prices and their contracts are now lifetime.

10 GH/s is now 9.99 USD, same price as competition but all fees are included.

Here is their new price list.

SHA:

Gold : 10 Gh/s - 9.99 USD (9.99 cents per Gh/s)
Platinum : 1000 Gh/s - 989 USD (9.89 cents per Gh/s)
Diamond :10,000 Gh/s - 9790 USD (9.79 cents per Gh/s)

I have asked them about fees because I noticed something in their new contracts.

So I want to clarify that.

If there are going to be fees then according to what I saw, it would be 8 cents per MH/s, but will update this post when I find out more.

Cheers

Ian

zdaz14

newbie

Activity: 42

Merit: 0

Quote from: ahmed_bodi on September 10, 2014, 01:25:52 PM

so then that means its the cheapest of all the cloud hosting providers?

It's an interesting idea but having to pay $10 extra for any order under $150 made me decide to pass on trying it.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

so then that means its the cheapest of all the cloud hosting providers?

IanFoxley

legendary

Activity: 910

Merit: 1000

GM have lowered their SHA256 and Scrypt prices and their contracts are now lifetime.

10 GH/s is now 9.99 USD, same price as competition but all fees are included.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

Quote from: FinalHash on September 09, 2014, 11:19:02 AM

Quote from: crazyivan on September 09, 2014, 02:15:25 AM

Quote from: CSI_Tech_Dept on September 05, 2014, 06:30:39 AM

Quote from: bluecityste on September 04, 2014, 09:10:21 AM

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 was thinking about starting with them. Now I think it would be better to wait and let's see what is going to happen with BTC. Thanks a lot for your helpful information.

I also use Genesis Mining, not very happy with the result, it is highly unlikely I will be reaching ROI.
There are far better cloud mining services out there, I use a couple of these and I can compare results easily.

So I just spoke with Marco about things last night. (Marco is the CEO of genesis). He is launching LifeTime Contracts today and upgrading all other previous folks to the same. Now, from what he told me, a lifetime contract is one that you get for as long as there is profit on the machine. So meaning a good long while seeing as how they have dirt cheap power. So this kind of changes things for you I would presume, no?

If thats the case then ROI should increase a fair bit imo. since an income would likely be coming in from mining longer

martinnew

full member

Activity: 153

Merit: 100

Quote from: FinalHash on September 05, 2014, 11:06:28 PM

Hey Blue,

Talked to Marco again.

Got Great News for you.

Here is a promo code for genesis contracts

BTCTALK

It is a 5% off code. I just checked that it works and it does.

Not sure if that helps but In all honesty i think changing your account specifically would definitely cause problems. Although, i do know that there are some really nice things coming out soon.

Recently there is a 10% discount code POT10, not sure if this is still valid till now.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: FinalHash on September 09, 2014, 11:19:02 AM

Quote from: crazyivan on September 09, 2014, 02:15:25 AM

Quote from: CSI_Tech_Dept on September 05, 2014, 06:30:39 AM

Quote from: bluecityste on September 04, 2014, 09:10:21 AM

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 was thinking about starting with them. Now I think it would be better to wait and let's see what is going to happen with BTC. Thanks a lot for your helpful information.

I also use Genesis Mining, not very happy with the result, it is highly unlikely I will be reaching ROI.
There are far better cloud mining services out there, I use a couple of these and I can compare results easily.

So I just spoke with Marco about things last night. (Marco is the CEO of genesis). He is launching LifeTime Contracts today and upgrading all other previous folks to the same. Now, from what he told me, a lifetime contract is one that you get for as long as there is profit on the machine. So meaning a good long while seeing as how they have dirt cheap power. So this kind of changes things for you I would presume, no?

This might improve situation a bit, considering they offer a variety of coins to mine, let see how it goes.
Definitely step in the right direction.

FinalHash

member

Activity: 108

Merit: 10

Quote from: crazyivan on September 09, 2014, 02:15:25 AM

Quote from: CSI_Tech_Dept on September 05, 2014, 06:30:39 AM

Quote from: bluecityste on September 04, 2014, 09:10:21 AM

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 was thinking about starting with them. Now I think it would be better to wait and let's see what is going to happen with BTC. Thanks a lot for your helpful information.

I also use Genesis Mining, not very happy with the result, it is highly unlikely I will be reaching ROI.
There are far better cloud mining services out there, I use a couple of these and I can compare results easily.

So I just spoke with Marco about things last night. (Marco is the CEO of genesis). He is launching LifeTime Contracts today and upgrading all other previous folks to the same. Now, from what he told me, a lifetime contract is one that you get for as long as there is profit on the machine. So meaning a good long while seeing as how they have dirt cheap power. So this kind of changes things for you I would presume, no?

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: CSI_Tech_Dept on September 05, 2014, 06:30:39 AM

Quote from: bluecityste on September 04, 2014, 09:10:21 AM

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 was thinking about starting with them. Now I think it would be better to wait and let's see what is going to happen with BTC. Thanks a lot for your helpful information.

I also use Genesis Mining, not very happy with the result, it is highly unlikely I will be reaching ROI.
There are far better cloud mining services out there, I use a couple of these and I can compare results easily.

thedonkdonk7

newbie

Activity: 14

Merit: 0

Quote from: ahmed_bodi on September 05, 2014, 05:46:26 PM

I'd reckon that genesis mining would ROI better than other alternatives such as CEX.io but im not sure. Anyone have any comparisons?

I have found that few members are saying on chance of ROI. I am bit confuse.

zdaz14

newbie

Activity: 42

Merit: 0

Quote from: ahmed_bodi on September 07, 2014, 06:19:23 PM

hmm in that case genesis's supposed lifetime contracts might be similar right?

Good point, I'd have to see the price and details for those before I could make any comment really.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

hmm in that case genesis's supposed lifetime contracts might be similar right?

zdaz14

newbie

Activity: 42

Merit: 0

Quote from: ahmed_bodi on September 07, 2014, 03:09:40 PM

I'm not saying that its good for money. I'm just saying that i'd prefer one which actually hashed theres no guarantee that hashlet's will completely ROI is there?

No. But they cost less, last forever, etc. I'll take that over a more expensive contract that lasts for however long you pay for.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

I'm not saying that its good for money. I'm just saying that i'd prefer one which actually hashed theres no guarantee that hashlet's will completely ROI is there?

Topic: Genesis-Mining Review - page 37. (Read 126905 times)