If you had a contract with Genesis Mining before the change then your contract will change to lifetime when your current one ends.
Thanks
Ian
Um, so what will effectively happen when my 1 year contract expires? I keep my Hashpower and only have to pay a daily fee?
Basically your one year contract changes to a lifetime and at that point you then have to pay the lifetime contract termos of a daily fees of 8 cents per 1 MH/s for scrypt or 1 cent per 5 GH/s
If it ends up being that your daily payment is less than the amount they take from you, then your contract ends as you would get nothing each day or even run into a negative.
As you are still on the old contract, then at the moment you don't pay those fees, not until the change over.
Hope that explains a little bit.
Ian