Topic: Genesis Mining vs GAW Mining, Spondoolies, Hashnest and Mining Sweden updates - page 9. (Read 57588 times)

Hi,
Still getting lower by the day.

My payout per GH/s was 0,000001506 just like yours.

Payout info for Mining Day 21.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00007531 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00014501 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00001563 BTC


Hashnest

Payouts based on 8 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s    - 0.00026838 BTC  PLNS  Minus Payout today 2nd day in row

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s  - 0.00020373 BTC  PLNS Minus Payout day 1

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s  - 0.00010509 BTC PLNS Minus Payout day 1

Payout info for Mining Day 20.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00007991 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s 0.00014740 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00001825 BTC


Hashnest

Payouts based on 18 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s    - 0.00005407 BTC  PLNS  Minus Payout today

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00001275 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00011466 BTC PLNS

Payout info for Mining Day 19.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00008265 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s 0.00014740 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00001974 BTC


Hashnest

Payouts based on 31 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00006904 BTC  PLNS 

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00014052 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00024961 BTC PLNS

Payout info for Mining Day 18.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00008346  BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s 0.00014782 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00002028 BTC


Hashnest

Payouts based on 26 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00014072 BTC  PLNS 

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00018857 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00026162 BTC PLNS

Not being able to sell your hashpower is the critical fail that could lead to the demise of Genesis Mining. The second is the upcoming availability of S7 hashing power on the Hashnest market about October 10. S7 hash will be about the same cost as Genesis Mining SHA-256 but Antminer S7 daily maintenance fee will be half of Genesis Mining or $0.00058/GHS/day. No one who takes the time to research will buy at Genesis Mining when Hashnest has the far better deal and GM will no longer be relevant.

Payout info for Mining Day 17.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed
Difficulty change again so this will affect payouts. Change was + 4.17%

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00009316 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s 0.00015815 BTC

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00006066 BTC


Hashnest

Payouts based on 24 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00001648 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00007956 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00017582 BTC PLNS

Payout info for Mining Day 16.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed
Have added a new Genesis Mining payout as from 16th September Maintenance fee was changed.

Genesis Mining 50 GH/s @ 0.0015 USD per GH/s  0.00011157 BTC

Genesis Mining 50 GH/s @ 0.0012 USD per GH/s  0.00008873 BTC 1st payout, so always low as 24 hours of mining not done. Next payout will be full day payout.

Spondoolies 50 GH/s     @ 0.0019 USD per GH/s  0.00007863


Hashnest

Payouts based on 25 blocks found.

Hashnest S3 50 GH/s  @ 0.00192 USD per GH/s     0.00002722 BTC  PLNS  

Hashnest S4 50 GH/s  @ 0.001625  USD per GH/s   0.00009162 BTC  PLNS

Hashnest S5 50 GH/s  @ $0.001175 USD per GH/s   0.00018994 BTC BTC PLNS

@Ian, Thanks for your complete guide.

Well I like both, they both have advantages.

Advantages for both
Both are legitimate, not fraud companies. So I feel safe that they are not going to just suddenly disappear.

Hashnest Advantages
You can buy and sell hashpower so if you want to leave, you can just sell up and do that.
Display panel is quite neat so you can follow mining results and blocks found on the interface
You can purchase miners though Bitmain and assign them to Hashnest as well.
Payouts get stored on site so you can reinvest quicker,

Hashnest Disadvantages
Only pays out in Bitcoin plus when you do, then you also have to pay a withdrawal fee.
Trading system is great but also if traders are dumping then your hashpower can become worthless if you are trying to sell it as well.
Doesnt accept Credit Cards
No affiliate scheme, even if it was just small rewards, like GM.
As your Bitcoin is stored onsite unless you move it could be a problem if your account gets hacked or the site gets hacked as you could lose your BTC.

Genesis Mining Advantages
Can get payouts in other coins without having to trade yourself. So you can get payouts in Doge, Litecoin Dash etc.
Get daily payouts without having to pay a withdrawal or transfer fee. Also as your coins are paid to you directly each day, then its not so easy for them to get stolen by hackers.
Can purchase with Credit Card if you want
Have an affiliate system with small discounts for users etc

Genesis Mining Disadvantages
You can not sell or trade your hashpower so once you have purchased it, then you have to stick with it.
Interface is basic compared to Hashnest so you just get payout info each day but you can not really monitor it like you can with Hashnest.

Thats what I can think of for now.
If you look at my payout history for Hashnest and GM you will get an idea of the daily payouts.

I think that Hashnest is more profitable at the moment with S5 hashpower being good, but will be interesting to see what happens now that GM has got new lower fee contracts out.

Ian

Ian, thanks for the answer. but I have another question. which of the cloud mining made you satisfied? genesis-mining or hashnest? In total with considering the ROI and overall profit and fee, which is most profitable?

Hi everyone.

Noticed on the official Genesis Mining thread that maintenance fees have been lowered on contracts purchased from today September 16th onwards.
The fee has been lowered from 0.0015 USD per GH/s down to 0.0012 USD per GH/s

This means that if you bought 1TH/s the daily fee has gone from 1.50 USD down to 1.20 USD, a saving of 30 cents per TH/s

What I have done is just now, bought 50 GH/s with the new maintenance fee so as soon as I get full payouts from it, I will also list them on this site.

It will be interesting as this fee is pretty close to the Hashminer S5 maintenance fee of 0.001175 USD per GH/s, so will be good to compare payouts from both of them.

So look out for this is the coming days.

Ian

Payout info for Mining Day 15.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s  0.00011498 BTC

Spondoolies 50 GH/s     0.00006714 BTC


Hashnest

Payouts based on 23 blocks found.

Hashnest S3 50 GH/s  0.00000974 BTC  PLNS  

Hashnest S4 50 GH/s  0.00007118 BTC  PLNS

Hashnest S5 50 GH/s  0.00016492 BTC BTC PLNS

It is is pretty easy to work out how much was deducted as a maintenance fee.
As you know what the fee is as it is always the same.

If you have 350GH/s then you know that the daily fee will be just over 52 US cents a day, 0.0015 x 350 = 0.525, so just go to bitcoinwisdom and enter in 0.525 into the USD/day box and it will tell you exactly how much BTC that is at the current BTC price. Of course when GM does the payout, the value of 1 BTC might have changed up or down by a small amount but you should still get an idea of how much BTC was removed from the fee. Infact when you do this and then add it to your payout and then you will get an idea of what the payout is before fee was removed.

I do agree though and it would be great if GM could have something displayed where it showed the payout for today and the maintenance fee as a seperate thing.

They cant show blocks found or other info as if you look on their FAQ, they do state that mine Bitcoin on more than one pool and that would make sense because if you mine on more than one pool you can get all your payouts from all the pools and then deal it out, because pools can vary each day and as you can see with Antpool, some days it has nice days and other days it has really awful ones. On their thread they do give info of one of the pools they mine at but they just state that they dont want to give too much away as I think they are pretty secretive about how much hashpower they have. In a recent interview Marco Streng did say that they are in the top ten of hashpower in regards to Bitcoin hashing power on the network. So that could be another reason why they spread their hashpower around so that they do not risk 51% the network. Overall GM payout are quite stable and as said it is the value of Bitcoin against the USD and the fee being in USD that causes the payouts to go down, of course Bitcoin difficulty does too but Bitcoin value causes most of the problems with payouts at the moment.

If you look at Hashnests payouts, you can also see how much the maintenance fee affects the payouts. Take todays S3 payout, being negative for example.
And a few weeks ago the value of BTC falling caused UMISOO and S2 contracts to be negative for more than 10 days in a row because the maintenance fee each day was more than the payouts  so now they have been removed.

Hi.
Thank you for sharing this updated list.
I have been getting more and more disappointed with genesis.
I'm receiving half of what I was receiving a month ago. There is no info on block, pool, or on how much was deducted for maintenance fee...
Anyway, I did know they did not disclose that information when I opened an account with then.

I have a 350GH/s account and my payment for the 14th was: 0.00079986 BTC (0.00079986/350 = 0,000002285)

0,000002285 is exactly the same value has your payment for the 14th for 50GH/s (0.00011427/50 = 0,000002285)

Payout info for Mining Day 14.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s  0.00011427 BTC

Spondoolies 50 GH/s  0.00006635 BTC


Hashnest

Payouts based on 20 blocks found.

Hashnest S3 50 GH/s - 0.00005736 BTC  PLNS  Minus payout today for the S3 hashpower

Hashnest S4 50 GH/s  0.00000484 BTC  PLNS

Hashnest S5 50 GH/s  0.00009972 BTC BTC PLNS

Payout info for Mining Day 13.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s  0.00011665 BTC

Spondoolies 50 GH/s  0.00006909 BTC


Hashnest

Payouts based on 28 blocks found.

Hashnest S3 50 GH/s  0.00006117 BTC  PLNS 

Hashnest S4 50 GH/s  0.00012701 BTC  PLNS

Hashnest S5 50 GH/s  0.00022744 BTC BTC PLNS

Payout info for Mining Day 12.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s  0.00012514 BTC               Average for the week  0.00012869 BTC

Spondoolies 50 GH/s      0.00007882 BTC               Average for the week  0.00008288 BTC


Hashnest

Payouts based on 31 blocks found.


Hashnest S3 50 GH/s  0.00016957 BTC  PLNS          Average for the week   0.00009626 BTC.   

Hashnest S4 50 GH/s  0.00022973 BTC  PLNS          Average for the week   0.00015642 BTC

Hashnest S5 50 GH/s  0.00032148 BTC PLNS           Average for the week   0.00024815 BTC


Here are the maintenance fees for above contracts

Genesis Mining 0.0015 USD per GH/s per day

Spondoolies 0.0019 USD per GH/s per day

Hashnest S3  0.00192 USD per GH/s per day

Hashnest S4  0.001625 USD per GH/s per day

Hashnest S5  0.001175 USD per GH/s per day

Payout info for Mining Day 11.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s  0.00012826 BTC

Spondoolies 50 GH/s  0.00008237 BTC


Hashnest

Payouts based on 28 blocks found.

Hashnest S3 50 GH/s  will update  PLNS  

Hashnest S4 50 GH/s  will update  PLNS

Hashnest S5 50 GH/s  will update BTC PLNS

Payout info for Mining Day 10.09.2015. All payouts listed are for 50GH/s and are after the maintenance fees have been removed

Genesis Mining 50 GH/s  0.00012750 BTC

Spondoolies 50 GH/s  0.00008150 BTC


Hashnest

Payouts based on 37 blocks found.

Hashnest S3 50 GH/s  0.00025100 BTC  PLNS 

Hashnest S4 50 GH/s  0.00031404 BTC  PLNS

Hashnest S5 50 GH/s  0.00041009 BTC PLNS