Topic: Genesis Mining vs GAW Mining, Spondoolies, Hashnest and Mining Sweden updates - page 25. (Read 57584 times)

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

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

My thoughts on Week 1

http://youtu.be/UBnb4mFfGG4

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

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

 

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   

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

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

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

can't wait for for your review..please also do test with Blackcoin payouts too if you can  
[/quote]

Here is my table Blackcoin Pool vs Genesis (profitability):
                    

                         Blackcoin Pool                                   Genesis

2014-09-16    2.7182 BC per MH/s             2.7911 BC per MH/s
2014-09-15     2.0936 BC per MH/s             2.1128 BC per MH/s   
2014-09-14     1.8470 BC per MH/s                  1.8561 BC per MH/s   
2014-09-13    3.5603 BC per MH/s             3.5701 BC per MH/s
2014-09-12    3.7978 BC per MH/s             3.8162 BC per MH/s  
2014-09-11      3.9705 BC per MH/s                 3.9795 BC per MH/s

As you can see, Genesis is a little bit more profitable, but not critically.
[/quote]
Thanks for taking the time and effort to post this Fanky, will be really useful for some.
Do you think you could post these findings over at this thread here which is the official Genesis Mining thread as I think it might be really useful for people to see this who are interested in mining blackcoins.

Link is here, https://bitcointalksearch.org/topic/genesis-miningcom-worlds-leading-hashpower-provider-602022

I could have done this but I thought it would be a bit rude to just cut and paste your text somewhere else.

Ian

Ian
[/quote]

can't wait for for your review..please also do test with Blackcoin payouts too if you can 
[/quote]

Here is my table Blackcoin Pool vs Genesis (profitability):
                    

                         Blackcoin Pool                                   Genesis

2014-09-16    2.7182 BC per MH/s             2.7911 BC per MH/s
2014-09-15     2.0936 BC per MH/s             2.1128 BC per MH/s   
2014-09-14     1.8470 BC per MH/s                  1.8561 BC per MH/s   
2014-09-13    3.5603 BC per MH/s             3.5701 BC per MH/s
2014-09-12    3.7978 BC per MH/s             3.8162 BC per MH/s  
2014-09-11      3.9705 BC per MH/s                 3.9795 BC per MH/s

As you can see, Genesis is a little bit more profitable, but not critically.

Here are the results from yesterdays Payouts.

Genesis Mining 10 GH/s contract  0.00017355 BTC
Gaw Miners Genesis Hashlet        0.00012035 BTC

Genesis Mining 1 MH/s contract   0.00048002 BTC
GAW Waffle Hashlet                   0.00010282 BTC
GAW Zen Hashlet                       0.00047014 BTC

http://youtu.be/IXd24z4NiWw

Thanks

Ian

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

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.

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.

Some things to remember when comparing these two offers:
1 GAW allows you to use credit cards
2 You can sell your Hashlets
3 They have promotions like double hash, that can double your daily earnings
4 You can change sha pools
5 You earn money through contributing on Hashtalk
6 There are new things comming up. GAW is planning to allow peer to peer trading and renting out hashlets.

Also bear in mind that GAW is leading innovation here, making new offers that are later copied by the competition.

Day 3 video is ready to be done, just that the Genesis Mining interface has decided to not update so even though I have got todays payments in my bitcoin wallet, they are not showing on the interface and my viewers need to be able to see that so I can prove to them that I actually did get those payouts and I didn't just make them up out of thin air.

Interesting day again.

Hopefully can post soon, if not will have to be tomorrow again

Gaw Mining payments are in too, just this GM interface problem...


Ian

Yes, hopefully they will add it in the FAQ, but at the moment it can be found when you upgrade Hashpower and are about to purchase. It is in the link View Agreement, which then displays all the contract terms, etc

So, if it is not enough to pay the daily fee, is it then ended or only "paused" till it meets the fee(if ever)?


Yes I can see where you are going with that, to be honest I have no idea, lots of What Ifs I suppose, I am sure if it ever got to that scenario, Genesis Mining would know about that too and would probably come up with something, I suppose at the moment it is something that might be a little while off just now, although not tooo far into the distance, hard to tell really.

Thanks for your post though, made me think a bit..

Yes, I keep my hashpower even though I purchased a one year contract. If the daily payment is more than the daily fee, I keep my hashing power(which is awesome).

So, if it is not enough to pay the daily fee, is it then ended or only "paused" till it meets the fee(if ever)?

Genesis should mail its clients/place a faq or something as this info is nowhere to be found.