Genesis-mining.com || World's leading hashpower provider! - page 102.

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

Quote from: Genesis-Mining on July 25, 2015, 10:39:03 AM

Dear Genesis Mining Community.

Genesis Mining is going live!

While we do attend every conference we can, we will never be able to meet each of our customers face to face. We pride ourselves on being one of the few cloud mining companies to publicly show our faces so to stay true to that, we are pleased to announce Genesis Live.

Genesis Live will be a new live monthly webinar where you can send us questions that you want answered and we’ll go through and answer them for you, live on Google Hangouts. The hangout will feature the Genesis Mining founders and occasional special guests.

The first webinar event is planned for July 28th at 2pm EST and if you’d like to get on the list to attend, please email [email protected]. Please note, we are limited to only 1,000 live viewers.

You can also send questions to [email protected] or tweet us @genesismining with #GenesisLive
Thanks

Your Genesis Mining Team.

very good initiative to prove you guys are legitimate and there are knowledgeable guys operating the business and ready to face the people. I hope other cloud mining companies will follow this move and show that there are live persons behind the website.

cheers

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Dear Genesis Mining Community.

Genesis Mining is going live!

While we do attend every conference we can, we will never be able to meet each of our customers face to face. We pride ourselves on being one of the few cloud mining companies to publicly show our faces so to stay true to that, we are pleased to announce Genesis Live.

Genesis Live will be a new live monthly webinar where you can send us questions that you want answered and we’ll go through and answer them for you, live on Google Hangouts. The hangout will feature the Genesis Mining founders and occasional special guests.

The first webinar event is planned for July 28th at 2pm EST and if you’d like to get on the list to attend, please email [email protected]. Please note, we are limited to only 1,000 live viewers.

You can also send questions to [email protected] or tweet us @genesismining with #GenesisLive
Thanks

Your Genesis Mining Team.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: tokingtoking on July 24, 2015, 06:44:44 PM

thanks for answer. i will take lifetime and use ur code for next upgrade.

No problem and thanks!

tokingtoking

full member

Activity: 169

Merit: 100

Quote from: IanFoxley on July 24, 2015, 10:09:31 AM

Quote from: tokingtoking on July 24, 2015, 09:46:26 AM

Quote from: IanFoxley on July 24, 2015, 02:32:00 AM

Quote from: cloh76 on July 24, 2015, 02:26:07 AM

I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay, but this guy just lets Genesis Mining sort all that out for him.

hi Ian
with you point of view, which one better contract between lifetime and 1 year?

Well 1 year is much cheaper, payouts are the same with 1 year and lifetime, as maintenance fees are the same for both. 0.0015 USD per GH/s

As long as Bitcoin does not fall in value (affects the fee because the fee is in USD and is taken from the payout at exchange rate of Bitcoin and Fiat at the time) and Bitcoin difficulty doesn't keep going up and up in steps then you should get ROI within the year. Next Bitcoin difficulty change is less than a day now and looks like it will be a small rise again.
https://bitcoinwisdom.com/bitcoin/difficulty

If I get the last payout for 1TH/s which was 0.00442000 BTC, contract price for 1 year is 1.017 BTC at time of writing then if payouts were the same and difficulty (never happens) then ROI would be around 230 days leaving 135 days of profit. but of course it is not as easy as that but anyway. With the next difficulty change the time will increase, but a year is a year and there is no predicting really what happens.

Disadvantage of 1 year contract. Well ..it is a year, if you want to invest long term, still think Lifetime is better

But you could purchase 1 year and then when year is up, then reinvest some or all of it again into another one year and so on..

This is Crypto though so you can never be sure of what might happen.

thanks for answer. i will take lifetime and use ur code for next upgrade.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: tokingtoking on July 24, 2015, 09:46:26 AM

Quote from: IanFoxley on July 24, 2015, 02:32:00 AM

Quote from: cloh76 on July 24, 2015, 02:26:07 AM

I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay, but this guy just lets Genesis Mining sort all that out for him.

hi Ian
with you point of view, which one better contract between lifetime and 1 year?

Well 1 year is much cheaper, payouts are the same with 1 year and lifetime, as maintenance fees are the same for both. 0.0015 USD per GH/s

As long as Bitcoin does not fall in value (affects the fee because the fee is in USD and is taken from the payout at exchange rate of Bitcoin and Fiat at the time) and Bitcoin difficulty doesn't keep going up and up in steps then you should get ROI within the year. Next Bitcoin difficulty change is less than a day now and looks like it will be a small rise again.
https://bitcoinwisdom.com/bitcoin/difficulty

If I get the last payout for 1TH/s which was 0.00442000 BTC, contract price for 1 year is 1.017 BTC at time of writing then if payouts were the same and difficulty (never happens) then ROI would be around 230 days leaving 135 days of profit. but of course it is not as easy as that but anyway. With the next difficulty change the time will increase, but a year is a year and there is no predicting really what happens.

Disadvantage of 1 year contract. Well ..it is a year, if you want to invest long term, still think Lifetime is better

But you could purchase 1 year and then when year is up, then reinvest some or all of it again into another one year and so on..

This is Crypto though so you can never be sure of what might happen.

tokingtoking

full member

Activity: 169

Merit: 100

Quote from: IanFoxley on July 24, 2015, 02:32:00 AM

Quote from: cloh76 on July 24, 2015, 02:26:07 AM

I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay, but this guy just lets Genesis Mining sort all that out for him.

hi Ian
with you point of view, which one better contract between lifetime and 1 year?

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: cloh76 on July 24, 2015, 02:26:07 AM

I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

Exactly! I can not as the electricity in my part of the world is too high, plus i dont think my neighbours would appreciate having the noise of the miners either going on 24 hours a day.

Also with the amount of hashpower i have, it would be a nightmare to have at home, it isn't easy to set up with regards to making sure they have cooling etc etc. An electrician would have to sort out my home electricity as i do not think could cope with having so much power plugged into a few sockets. Plus the heat..UGH, do i really need to go on??

Sometimes people need to think about that. Like the poster who posted a while back with their 657 TH/s or however much it was. It was a huge amount.

If that person had to try and have that amount for themselves, they would have to build their own building, do the cooling, basically would have to make up their own farm, would have to hire security, hire staff to put it all together for him and to maintain it for him every day, would be wages to pay, monster electricity bill to negotiate and pay, but this guy just lets Genesis Mining sort all that out for him.

cloh76

sr. member

Activity: 318

Merit: 250

Quote from: Icon on July 23, 2015, 06:35:49 PM

lol nice to see Genesis is screwing everyone evenly .. you do know they are taking over 2/3 of your daily payouts in fees right? Also on a side note the 1 year contracts they manage to only take 1/2 of your daily payouts.. Kinda nice of them hun?

Icon

For some people it is more then they would make if they mine for themselves. Given that there aen't many legit cloudmining operations out there, Id see it as a lesser of all evils. I myself dont have that much staked in Genesis-mining, but what I do have with them has been pretty steady. I diversify my investments between Genesis, Hashnest, and home mining. With a majority of my Hash power being in the latter 2, however I dont regret investing in Genesis-Mining. Their regular daily payout is refreshing and they do have actual photos and videos of their hardware.

I would assume a lot of people choose Genesis-mining for the reason that they earn more then they could self mining.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: Icon on July 23, 2015, 06:35:49 PM

lol nice to see Genesis is screwing everyone evenly .. you do know they are taking over 2/3 of your daily payouts in fees right? Also on a side note the 1 year contracts they manage to only take 1/2 of your daily payouts.. Kinda nice of them hun?

Icon

Yes I think it is lovely!

I just hope Bitcoin doesnt screw up as that is the thing that controls everything. If Bitcoin falls so does lots of companies, mining farms in China, hardware manufacturers and alot of peoples dreams.

But I am sure if that happens someone will post here and blame Genesis Mining for that

lol
After all, it isn't Genesis Minings fault that their fee is taking 2 thirds of payouts, it is infact that the value of Bitcoin itself against Fiat currencies dictates that.

Bitcoin is to blame for many things

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: Icon on July 23, 2015, 06:35:49 PM

lol nice to see Genesis is screwing everyone evenly .. you do know they are taking over 2/3 of your daily payouts in fees right? Also on a side note the 1 year contracts they manage to only take 1/2 of your daily payouts.. Kinda nice of them hun?

Icon

No point talking about this to people if they do not want to listen. For some people, losing money is the only way to learn.

Icon

hero member

Activity: 821

Merit: 503

lol nice to see Genesis is screwing everyone evenly .. you do know they are taking over 2/3 of your daily payouts in fees right? Also on a side note the 1 year contracts they manage to only take 1/2 of your daily payouts.. Kinda nice of them hun?

Icon

julian071

hero member

Activity: 1132

Merit: 818

Here's mine:

Zeta0S

legendary

Activity: 1890

Merit: 1031

Just a screenshot my income this week.
Last time i posted i got a lot of personal messages asking to do this more often,...so here you go!

Note: Bitcoin Mining income is calculated whitout the Zetacoin i am mining also, so income is even bit higher

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: mcin5174 on July 21, 2015, 05:24:04 PM

Quote from: Genesis-Mining on July 21, 2015, 03:17:09 PM

Dear Genesis Mining Community

Just to let you know that at the moment we have a glitch with the dashboard, so this is why graphs and other info are not displaying properly at the moment.

Hopefully will be sorted soon.

Best Regards
Genesis Mining Support.

Just the dashboard? Does that affect timely payouts or just the stat reporting?

Got my payments whit out any problem (like always)

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: mcin5174 on July 21, 2015, 05:24:04 PM

Quote from: Genesis-Mining on July 21, 2015, 03:17:09 PM

Dear Genesis Mining Community

Just to let you know that at the moment we have a glitch with the dashboard, so this is why graphs and other info are not displaying properly at the moment.

Hopefully will be sorted soon.

Best Regards
Genesis Mining Support.

Just the dashboard? Does that affect timely payouts or just the stat reporting?

Hi Mcin5174

It was just the dashboard displaying the stats improperly which is now fixed.

Payouts and mining were not affected by this.

tokingtoking

full member

Activity: 169

Merit: 100

Quote from: mcin5174 on July 21, 2015, 05:24:04 PM

Quote from: Genesis-Mining on July 21, 2015, 03:17:09 PM

Dear Genesis Mining Community

Just to let you know that at the moment we have a glitch with the dashboard, so this is why graphs and other info are not displaying properly at the moment.

Hopefully will be sorted soon.

Best Regards
Genesis Mining Support.

Just the dashboard? Does that affect timely payouts or just the stat reporting?

still payout when i write this.

mcin5174

newbie

Activity: 12

Merit: 0

Quote from: Genesis-Mining on July 21, 2015, 03:17:09 PM

Dear Genesis Mining Community

Just to let you know that at the moment we have a glitch with the dashboard, so this is why graphs and other info are not displaying properly at the moment.

Hopefully will be sorted soon.

Best Regards
Genesis Mining Support.

Just the dashboard? Does that affect timely payouts or just the stat reporting?

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Dear Genesis Mining Community

Just to let you know that at the moment we have a glitch with the dashboard, so this is why graphs and other info are not displaying properly at the moment.

Hopefully will be sorted soon.

Best Regards
Genesis Mining Support.

Edit: It is now fixed, so dashboard should be ok.

julian071

hero member

Activity: 1132

Merit: 818

Quote from: Genesis-Mining on July 17, 2015, 05:59:00 AM

Dear Genesis Mining Community

New Bitcoin documentary 'The End of Money (as we know it)' has been released a few days ago. Some of our mining facilities are shown, so go and get it here (reduced by 20% with the special GM code 'Genesis20'):
https://vimeo.com/ondemand/bitcoin

Genesis Mining Team

Wow how cool is that!!

Ian, good write-up, very insightful.

I have a couple of all-in contract running with Megamine, those are doing absolutely fantastic. They don't offer those anymore either. I'm glad I got 7 TH when I did, it was just days before they stopped offering them. ROI'd on one of those recently after 9 months with 27 months to go =D

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: IanFoxley on July 16, 2015, 02:50:51 PM

Just a heads up, looks like all Promo Codes or affiliate codes only work at max of 2.5% discount for the One Year contracts.

I contacted GM about this and they replied to say that as the 1 year contracts were cheaper and to make it fairer for all this was how it was for those contracts.

For lifetime contracts, codes function as normal. So nothing has changed when you use a code for those.

So if someone tells you otherwise, that their code has more discount, 8%, 5% whatever for 1 year contracts, then they are telling porkies (lies)

Yes i have seen some people advertise whit those codes. After i test then they only give 2.5%

Topic: Genesis-mining.com || World's leading hashpower provider! - page 102. (Read 400197 times)