Author

Topic: Genesis-mining.com || World's leading hashpower provider! - page 112. (Read 400197 times)

member
Activity: 119
Merit: 10
And we can even buy real hardware miner for less than $0.39 per GH/s...

http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=bitcoin+miner&rt=nc&LH_BIN=1


I just looked that up. Yes it is 0.39 USD per GH/s but then I would have to add delivery costs.

Plus, I then have to buy a 750W PSU, a gold rated one probably as I wouldn't want something that was going to blow up after a few weeks

My electricity costs where I live are 0.23 USD per KWH. So after looking at that, I would be making a loss each day as my electricity costs would be more than the Bitcoin I am mining on the Mining Rig. This is why cheap electricity is essential.

So for me, mining 1TH with Genesis Mining is a far better option. 400 Day ROI, who cares, it's a lifetime contract and right now Bitcoin value is quite low, I think it will get higher so ROI time will get less and less and if it is 400 days or more, I don't care, I am in this for the longterm.

BTW, go and buy that Antminer S5, do some research first, find out your electricity costs, ask your loved ones if they don't mind having the noise of it on all day long and also the heat, hope you get sufficient cooling etc.

Good luck

Ian

Unreachable for unreachable I prefer to buy a real hardware than sponsoring a team of kids doing virtual mining.
"400 Day ROI, who cares, it's a lifetime contract", so funny. I bet with you that 100 days from now the ROI will become 600 days then 200 days from now they will stop your contract because fees will be more expensive than income. In the end your return will be less than 50%... who cares yes Smiley

And tell me why don't they mine for themselves if they trust their business ?
And can they show us their mining Bitcoin address to check their real hashrate. Why don't they provide realtime hashrate, blocks found..., like every pool is able to do ?
legendary
Activity: 910
Merit: 1000
And we can even buy real hardware miner for less than $0.39 per GH/s...

http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=bitcoin+miner&rt=nc&LH_BIN=1


I just looked that up. Yes it is 0.39 USD per GH/s but then I would have to add delivery costs.

Plus, I then have to buy a 750W PSU, a gold rated one probably as I wouldn't want something that was going to blow up after a few weeks

My electricity costs where I live are 0.23 USD per KWH. So after looking at that, I would be making a loss each day as my electricity costs would be more than the Bitcoin I am mining on the Mining Rig. This is why cheap electricity is essential.

What if I get it and a month later it acts up or dies, then I have to send it back if it still under guarantee. So that is even more costs.

So for me, mining 1TH with Genesis Mining is a far better option. 400 Day ROI, who cares, it's a lifetime contract and right now Bitcoin value is quite low, I think it will get higher so ROI time will get less and less and if it is 400 days or more, I don't care, I am in this for the longterm.

BTW, go and buy that Antminer S5, do some research first, find out your electricity costs, ask your loved ones if they don't mind having the noise of it on all day long and also the heat, hope you get sufficient cooling etc.

Good luck

Ian
member
Activity: 119
Merit: 10
And we can even buy real hardware miner for less than $0.39 per GH/s...

http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=bitcoin+miner&rt=nc&LH_BIN=1
member
Activity: 119
Merit: 10
Dear Community,

Thanks for your support as always.

We have new SHA-256 hashpower pricing.

Gold       :    50 Gh/s      -    22.49 USD ($0.45 per Gh/s)
Platinum  :  1000 Gh/s    -    419  USD ($0.42 per Gh/s)
Diamond  :15,000 Gh/s  -    5,850 USD ($0.39 per Gh/s)

As always please look out here, Facebook, Twitter for news and announcements and if you have an account with us, your newsletter.

As mentioned already, we have a big announcement coming soon.

Your Genesis Mining Team

400 days ROI (if difficulty doesn't change, which is unlikely)... useless, I already lost too much money with you. If somebody wants to send me coins, I promise to give him back dust everyday for 200 days then I will declare mining too expensive to pay fees Smiley. I can even promise the ROI of my service, although unreachable (like GM service), will be 80%. Send me your coins and I will send you back 80% of them in 100 days. Yes I'm stealing you but less than Genesis Mining (don't expect to recover even 50% of your coins with them).

Genesis Mining, tell me, why do you even need hardware with this kind of service ? As you know that it will be obsolete far before ROI ? What is the point of buying new hardware (let's suppose you are buying new hardware...) ? Why don't you just mine for yourself if you believe this is profitable ?

Monkey business
legendary
Activity: 910
Merit: 1000
Dear Community,

Thanks for your support as always.

We have new SHA-256 hashpower pricing.

Gold       :    50 Gh/s      -    22.49 USD ($0.45 per Gh/s)
Platinum  :  1000 Gh/s    -    419  USD ($0.42 per Gh/s)
Diamond  :15,000 Gh/s  -    5,850 USD ($0.39 per Gh/s)

As always please look out here, Facebook, Twitter for news and announcements and if you have an account with us, your newsletter.

As mentioned already, we have a big announcement coming soon.

Your Genesis Mining Team

I guess any new pricing changes helps.  Looking forward to the announcement.

sr. member
Activity: 430
Merit: 250
Dear Community,

Thanks for your support as always.

We have new SHA-256 hashpower pricing.

Gold       :    50 Gh/s      -    22.49 USD ($0.45 per Gh/s)
Platinum  :  1000 Gh/s    -    419  USD ($0.42 per Gh/s)
Diamond  :15,000 Gh/s  -    5,850 USD ($0.39 per Gh/s)

As always please look out here, Facebook, Twitter for news and announcements and if you have an account with us, your newsletter.

As mentioned already, we have a big announcement coming soon.

Your Genesis Mining Team
legendary
Activity: 910
Merit: 1000
Just had a look on the GM website and noticed the prices have changed.

Not by a huge amount but I guess any price change is a good thing.

Ian
hero member
Activity: 861
Merit: 1001
Hey All,

An article you might be interested to read:

http://finance.yahoo.com/news/thoughts-future-bitcoin-genesis-minings-034200234.html

Your Genesis Mining Team

"I think it will change the world just as profoundly"

I hope you are right Marco Cheesy
sr. member
Activity: 430
Merit: 250
Hey All,

An article you might be interested to read:

http://finance.yahoo.com/news/thoughts-future-bitcoin-genesis-minings-034200234.html

Your Genesis Mining Team
sr. member
Activity: 518
Merit: 250
Plain and simple explanation what's going on in a video... The concept looks great, but, you know, when I saw that man getting old in the context of genesis mining I thought he was STILL WAITING FOR ROI HERE Grin But looks like he's enjoying the profits, so be it...
legendary
Activity: 1890
Merit: 1031
Hey Miners,

Check out our new Bitcoin Mining 101 video:

https://www.youtube.com/watch?v=o5GJU0xL5lQ

Let us know how you like it!

Your Genesis Mining Team
I love the video, great quality stuff!
sr. member
Activity: 430
Merit: 250
Hey Miners,

Check out our new Bitcoin Mining 101 video:

https://www.youtube.com/watch?v=o5GJU0xL5lQ

Let us know how you like it!

Your Genesis Mining Team

Nice one. You should buy advertising space on TV Cheesy

What about the "big news" you were keeping secret ? Anything soon?

Likely even this or next month Smiley Stay tuned, it will be big!
hero member
Activity: 861
Merit: 1001
Hey Miners,

Check out our new Bitcoin Mining 101 video:

https://www.youtube.com/watch?v=o5GJU0xL5lQ

Let us know how you like it!

Your Genesis Mining Team

Nice one. You should buy advertising space on TV Cheesy

What about the "big news" you were keeping secret ? Anything soon?
hero member
Activity: 1132
Merit: 818
Hey Miners,

Check out our new Bitcoin Mining 101 video:

https://www.youtube.com/watch?v=o5GJU0xL5lQ

Let us know how you like it!

Your Genesis Mining Team

Well made! Where are you planning to use it?
sr. member
Activity: 430
Merit: 250
Hey Miners,

Check out our new Bitcoin Mining 101 video:

https://www.youtube.com/watch?v=o5GJU0xL5lQ

Let us know how you like it!

Your Genesis Mining Team
hero member
Activity: 821
Merit: 503
I vote for netcoin POW/POS all in 1 Smiley and then i wouldn't have to use that sneaky cryptsy and paying .25% trading fees Sad

Icon
sr. member
Activity: 518
Merit: 250
Since they are such ROI unfriendly, genesis-mining could add some exciting altcoins to get paid by. This way we could add buying pressure to our favorite coins. Or make a voting available to their customers on what new coin to include. There are some new exciting PoS coins that I would gladly support with my otherwise unprofitable ghs that are still left here.
legendary
Activity: 1890
Merit: 1031
BTC and Lottocoin
legendary
Activity: 910
Merit: 1000
Just wondering what people are mining with SHA256?

Whats the most profitable coin to mine at the moment?

I just mine BTC with my SHA 256 hashpower unless I specifically want a payout in LTC or Doge or Dash etc and let the autotrade do the job of trading it for me without having to do that myself. Saves time then.

Ian
sr. member
Activity: 305
Merit: 250
Just wondering what people are mining with SHA256?

Whats the most profitable coin to mine at the moment?
Jump to: