Topic: Genesis Mining vs GAW Mining, Spondoolies, Hashnest and Mining Sweden updates - page 6. (Read 57584 times)

Payout info for Mining Day 26.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed


Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00014519 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00019803 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00010996 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00019821 BTC

Hashnest

Payouts based on 35 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         0.00008210 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00015262 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00022947 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00034321 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.10839659 START

Dash                        0.01940356  DRK

Payout info for Mining Day 25.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed


Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00015030 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00020215 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00011574 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00017820 BTC

Hashnest

Payouts based on 26 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         0.00005186 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00009772 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00016769 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00026041 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.0241641 START

Dash                        0.01273738  DRK

Payout info for Mining Day 24.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed


Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00014174 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00019528 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00010605 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00021621 BTC

Hashnest

Payouts based on 23 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        - 0.00004055 BTC  PLNS Minus Payout day 1

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00001352 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00009593 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00020516 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.97621316 START

Dash                        0.02460900  DRK

Payout info for Mining Day 23.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed


Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00013901 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00019308 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00010296 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00020654 BTC

Hashnest

Payouts based on 34 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         0.00006851 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00013228 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00022950 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00035833 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.91312093 START

Dash                        0.02284295  DRK

Payout info for Mining Day 22.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed
Hashnest S7 payouts have now been added to the system.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00013567 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00019045 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00009915 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00022881 BTC

Hashnest

Payouts based on 23 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         0.00005034 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00009370 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00016074 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00024741 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.97945685 START

Dash                        0.02002511  DRK

Payout info for Mining Day 21.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed
Hashnest S7 payouts have now been added to the system.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00013019 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00018603 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00009297 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00025328 BTC

Hashnest

Payouts based on 25 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s         0.00000409 BTC  PLNS

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00005889 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00014251 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00025320 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   1.08317526 START

Dash                        0.01699504  DRK

Payout info for Mining Day 20.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed
Hashnest S7 payouts have now been added to the system.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00012817 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00018442 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00009067 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00023623 BTC

Hashnest

Payouts based on 23 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s      -  0.00003181 BTC  PLNS   Minus Payout Day 1

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s       0.00002345 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00010776 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00021944 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.96660548 START

Dash                        0.02344736  DRK

Payout info for Mining Day 19.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed
Hashnest S7 payouts have now been added to the system.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00012424 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00018143 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00008612 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00024281 BTC

Hashnest

Payouts based on 34 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00007914 BTC  PLNS   

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00013449 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00021899 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00033094 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.31900881 START

Dash                        0.03764461  DRK

Payout info for Mining Day 18.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed
Hashnest S7 payouts have now been added to the system.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00012638 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00018311 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00008856 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00023055 BTC

Hashnest

Payouts based on 24 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00000717 BTC  PLNS   

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00006043 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00014154 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00024905 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.59699144 START

Dash                        0.02072569  DRK

Payout info for Mining Day 17.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed
Hashnest S7 payouts have now been added to the system.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00013063 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00018648 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00009339 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00022564 BTC

Hashnest

Payouts based on 36 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00005857 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00014102 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00023860 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00039592 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.15640845 START

Dash                        0.02170353  DRK

Dude trying to teach you how not to lose money on hosted mining is like talking to a brick. You are certainly free to piss your bitcoin away any way you choose, I try to help those who are sincerely interested in hosted mining protect their investment while making the best returns.

You make alot of assumptions as if you have a time machine and already know the outcome of what will happen with Bitcoin.

You wrote and I have marked in bold the important words.

At that time unless bitcoin price is up to $500 level all contracts at Genesis Mining will no longer be profitable and will be cancelled.

How do you know for sure when nobody even knows what effect the block halving will have, even people experienced with Bitcoin do not know, they have ideas but it is not certain. Nobody even knows what the Bitcoin price will be by July next year.

For example, some people think that the blockhalving might cause miners to stop mining as it will not profitable anymore, especially those on older equipment which lowers the hashrate and then lowers the difficulty within one or two difficulty changes or a month basically. Genesis Mining give 20 days once payouts are not profitable before contracts are terminated so in that time, there could be two difficulty changes at least or just one, it just depends on the timing of the first difficulty change, so there could be a chance that Genesis Minings contracts will not be cancelled as the difficulty would fall enough to get a payout again.  I would rather write might instead of will to be honest.  How do you know for certain? You do not. Nobody does and it is all a wait and see what happens in July when the time comes.

Those with Hashnest contracts once the blockhalving happens could just have ten days to get rid of their hashpower, they will try to sell if they have not already and nobody will want to buy, 10 days is far less than 20 so if hashnest have to end those older contracts, as GMs contracts could still be within their 20 day rule, then payouts could resume.

Of course some might people might snap up the hashpower at very cheap prices knowing that if they purchase enough they get to claim a mining machine which depending on where they live could be a good risk for them. If they live in China especially as its just a case of having it sent domestically so perhaps someone will want to snap up those miners extra cheap, but for those further afield, once they add in the customs and delivery costs they will probably not even bother having it sent to them as the costs are too high.

Those on 1 year GM contracts will not be affected so much as they have no 20 day rule, their contracts will not pay out until payouts are profitable again. Of course it is no good for their ROI but again, nobody knows what will happen for sure. If Bitcoin is at the level you say it would be then there is a good change that those on the 1 year GM contracts would have made ROI anyway but there are no definites..

With Mining Sweden you have already paid the electricity upfront for a year so you are covered for whatever happens. You will still get a payout no matter what.

Remember the block halving is coming up next July. At that time unless bitcoin price is up to $500 level all contracts at Genesis Mining will no longer be profitable and will be cancelled. This is why it is imperative to only buy hashpower you can sell when you like.

Hashnest is not immune to the halving either. Just like UMISOO became unprofitable and contracts were cancelled, depending on bitcoin price the same thing can happen to S5 and yes even S7. You should never just buy hashpower and plan to hold forever, you will get a rude surprise.

All that is required to stay on top of your investment is to log into your Hashnest account and go to the built in charts under the history tab. Keep track of the trend for any hash you own. If price tops out and starts to trend down better sell your hash.

I keep track of such things for my readers. Right now I am long S5 hash only. Waiting for S7 price to come down before buying. If I see an urgent need to sell S5 I will send out an update. 

So, for those that did purchase S7 hash straight away, like myself although for other reasons explained already, they have already made a loss so if they were thinking about selling their hash, then they are also sort of stuck too right?

I mean, would be silly to purchase 1 BTCs worth of S7 hashpower and then a week later sell it for 0.7 BTC..?? They would be 0.3 BTC down in just a few days.

So what would that user do, they will probably now carry on mining it until they have got most of their investment back and get rid of it later perhaps..

The problem is that not everyone is smart or savvy like you are, but I do respect the advice you give regarding the best time to buy and sell your hashpower but the problem is only a small minority of people will see it and understand that and so even today people on Hashnest can lose money just as much as them losing money with Cloud mining providers who do not allow them to sell.

The amount of posts on the forum from people who were upset about losing Umisoo and S2 hashpower was proof of that. They could not sell because it was too late. Nobody would buy their hashpower from them and they were stuck with it.

For me personally, if i want to buy and sell, I take my daily payout of BTC to an exchange over time and do it there, lots more coins to play around with.

Cheers

Ian

 

Hello BNM

Well I primarily purchased S7 hashpower so people can see daily payout info for S7 contracts, not the daily price, I leave that for others to do like yourself. as I will not be selling. I purchased 50GH/s for my users and for future generations. These payouts will carry on now until the day that S7 contracts die so that in years to come, if this forum still exists, people can see this as a time capsule so to speak and can see payouts from Day 1 to the day that Hashnest stopped them.

Just like my videos in the past, people can look at them even now and see the price of BTC at the time, and what payouts for 10GH/s SHA 256 was at the time and so that in the future, 10 years or whatever people might watch them videos and be suprised. Who knows what might happen in 10 years, you might need to have many TH/s of hashpower just to get the same payout that you would have got with 10GH/s for example or perhaps BTC / USD price has shot up or maybe a Bitcoin will be worth just a few dollars. Who really knows and so I think that in years to come these videos and this payout thread could be quite historical regarding Bitcoin.

Like Genesis Mining the Mining Sweden outfit will not let you sell your hash. Once you own it you are stuck. Good enough reason to stay away.

Concerning Hashnest: S5 is the better buy than S7 at the moment. S5 hash is under priced while S7 is over priced and really not good value. Anyone who bought S5 last week when price bottomed out and started to trend up is showing a profit. They can sell their S5 hash at a profit and have earned mining income as a bonus. Be aware S5 is not a long term hold at all. At some point in the next few months price will top out and then decline, and you will want to cash out.

Based on current price and difficulty here are the numbers for S7 compared to S5:

--S5 hash would return 0.50% daily and the ROI would be 205 days
--S7 hash would return 0.31% daily and the ROI would be 330 days

The real winners are the speculators who bought S7 miners to hash and have been gradually selling off their S7 hash at a nice 20% profit. I have told my readers not to consider buying S7 until price comes down to .0016 or better. No hurry to buy S7. If you plan to invest at Hashnest the smart move at present is to buy S5. You will need to watch the price and be ready to sell and move into S7 when the time is right.

Mining Sweden is doing a lottery at the moment.

More information here
https://www.youtube.com/watch?v=cec0wh0-j-E

Also they are selling S7 mining shares now, shares are for 1 year and include all maintenance fees upfront.

Payout info for Mining Day 16.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed
Hashnest S7 payouts have now been added to the system.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00012280 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00018027 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00008449 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00027109 BTC

Hashnest

Payouts based on 22 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00007626 BTC  PLNS   

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00010612 BTC  PLNS 

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00017987 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00024954 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.02133148 START

Dash                        0.02166056  DRK

Payout info for Mining Day 15.10.2015. All payouts listed are for 50GH/s except GM X11 1MH/s payout and are after the maintenance fees have been removed
Hashnest S7 payouts have now been added to the system.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00012094 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00017884 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00008234 BTC

Genesis Mining 1 MH/s X11 BTC (AUTO)              0.00026511 BTC

Hashnest

Payouts based on 39 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s        0.00007465 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s      0.00015137 BTC  PLNS  

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s      0.00026848 BTC PLNS

Hashnest S7 50 GH/s  @ $0.0005796 USD per GH/s     0.00042353 BTC PLNS


GM X11 1 MH/s Dash and Start

Startcoin                   2.89061261 START

Dash                        0.03318471  DRK

Thanks for that...I need glasses..

Went back and fixed them, please let me know if you spot others.