Anyone finding the Genesis Mining website slow to access this morning? It is taking ages to log in.
Ian
Topic: Genesis-mining.com || World's leading hashpower provider! - page 117. (Read 400197 times)
i hope GM still running after 5 years...
so i can hit ROI and of course some profit too...we know that bitcoin will stop mined until 100 years later right?
so i can hit ROI and of course some profit too...we know that bitcoin will stop mined until 100 years later right?
Now that's what I call thinking long term: "stop mined until 100 years"
Not the record though, I know philosophers do long term strategies on target ranges at 150 years
well, almost all investment has long term view...instant return?? well go for ponzi..lol..it will turned scam..
mining has great potential of profit, if we stay patience..
i hope GM still running after 5 years...
so i can hit ROI and of course some profit too...we know that bitcoin will stop mined until 100 years later right?
so i can hit ROI and of course some profit too...we know that bitcoin will stop mined until 100 years later right?
Now that's what I call thinking long term: "stop mined until 100 years"
Not the record though, I know philosophers do long term strategies on target ranges at 150 years
i hope GM still running after 5 years...
so i can hit ROI and of course some profit too...we know that bitcoin will stop mined until 100 years later right?
so i can hit ROI and of course some profit too...we know that bitcoin will stop mined until 100 years later right?
hello
my contract is 500 GH/s and i receive 0.00244 BTC daily ... its normal for this speed ?
my contract is 500 GH/s and i receive 0.00244 BTC daily ... its normal for this speed ?
Yeah, it sounds about right for their pathetic payouts.
Where are the guys who put hundreds of thousands of dollars into this hole ? There was one in January and then the recent one. Maybe they only report back here when they throw more bad money at it.
This is not right. GM is one of the only Cloudmining service profitable. Imagine if my contract is still running in 3-5 years. I sure will be in profit. Difficulty doesn't increase a lot these days and contract can run a long time...
If their anemic yield suits you, fine. Good for you. To each his own. Best of luck, g
do i need to wait for buy contract or not?
because the payout not too good right now, also will wait for btc price to surge before buy it..more cheap maybe
because the payout not too good right now, also will wait for btc price to surge before buy it..more cheap maybe
hello
my contract is 500 GH/s and i receive 0.00244 BTC daily ... its normal for this speed ?
my contract is 500 GH/s and i receive 0.00244 BTC daily ... its normal for this speed ?
Yeah, it sounds about right for their pathetic payouts.
Where are the guys who put hundreds of thousands of dollars into this hole ? There was one in January and then the recent one. Maybe they only report back here when they throw more bad money at it.
hello
my contract is 500 GH/s and i receive 0.00244 BTC daily ... its normal for this speed ?
my contract is 500 GH/s and i receive 0.00244 BTC daily ... its normal for this speed ?
They seem to be preparing something new. Any hints what this might be? Should we save our BTC for that?
Seems a bit pricey but it´s still around and always pays out.
And a really good payout today!!! 
Seems a bit pricey but it´s still around and always pays out.
So when is scrypt mining going to be reactivated? never...
And what is happening with all that scrypt hardware everyone payed for? collecting dust or has it been sold off...
Bitter still? maybe...
And what is happening with all that scrypt hardware everyone payed for? collecting dust or has it been sold off...
Bitter still? maybe...
There is still Scrypt mining, I am mining Scrypt for example, but this is for the older contracts which were 1 year contracts which were available until around September last year, fees were included in the price.
My contract was purchased 10 months ago and it will run out in another two months and will turn into a lifetime contract and I will then get a daily fee.
Ian
Lucky Ian contract converts to lifetime just when its profitable again^^.
So when is scrypt mining going to be reactivated? never...
And what is happening with all that scrypt hardware everyone payed for? collecting dust or has it been sold off...
Bitter still? maybe...
And what is happening with all that scrypt hardware everyone payed for? collecting dust or has it been sold off...
Bitter still? maybe...
There is still Scrypt mining, I am mining Scrypt for example, but this is for the older contracts which were 1 year contracts which were available until around September last year, fees were included in the price.
My contract was purchased 10 months ago and it will run out in another two months and will turn into a lifetime contract and I will then get a daily fee.
Ian
So when is scrypt mining going to be reactivated? never...
And what is happening with all that scrypt hardware everyone payed for? collecting dust or has it been sold off...
Bitter still? maybe...
And what is happening with all that scrypt hardware everyone payed for? collecting dust or has it been sold off...
Bitter still? maybe...
just bought new contract small but at least i can save some btc from gambling..lol
slow but not gone in instant was my goal,,hope payout can improve
slow but not gone in instant was my goal,,hope payout can improve
I also see a point for b2b.
What i mean is that for a owner of company living in a high tax country, buying mining service with his company and getting btc back to his own wallet is a way to evade some money from his company without having to pay tax he would in normal salary process.
But investing 14000$ for a benefit of 2400$ at the end is a very low return.
What i mean is that for a owner of company living in a high tax country, buying mining service with his company and getting btc back to his own wallet is a way to evade some money from his company without having to pay tax he would in normal salary process.
But investing 14000$ for a benefit of 2400$ at the end is a very low return.
i agree the profit is low, thats why i dont invest anymore here, but maybe when they open x11 mining things will change, but no news on that for a very long time (well for a long time in crypto at least..). another way how you can increase (or decrease
) your roi is to keep assigning mining power to different coins and mine the most profitable coin at that moment, but then again they themselves do this as i understant and you could hardly beat them by decision making on what is profitable either way if they want my money that need to do x11 asap or lower the price significantly.. if they expect us to base our investments on a hope that btc price will increase, we can just better buy the coins and hold..
I also see a point for b2b.
What i mean is that for a owner of company living in a high tax country, buying mining service with his company and getting btc back to his own wallet is a way to evade some money from his company without having to pay tax he would in normal salary process.
But investing 14000$ for a benefit of 2400$ at the end is a very low return.
What i mean is that for a owner of company living in a high tax country, buying mining service with his company and getting btc back to his own wallet is a way to evade some money from his company without having to pay tax he would in normal salary process.
But investing 14000$ for a benefit of 2400$ at the end is a very low return.
So what am i missing here ? and what can make it profitable ?
Both a rise in BTC/USD exchange rate and a gradual lowering of the daily fee (ie. improved hardware efficiency passed on to customers) could make it profitable.
But a rise in BTC/USD rate would likely make buying BTC directly more profitable in a shorter term, with less risks (if BTC value halves, you will be able to sell it for half if you bought directly, but mining contracts will be worth nothing).
So yes, mining is a tough proposition. It's more a support of the industry and its infrastructure at this point.
I would like to ask a question to customer: How can it be profitable ?
I was looking for a 15th/s which cost $6400 and $0.0015/gh/s a day.
So basically we have 6400$+ 12x657$ for one year : $14500 a year.
So if i use coinwars calculator http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=15000&p=0&pc=0&pf=0.00&d=47427554950.64830000&r=25.00000000&er=288.01000000&hc=6400
With constant diff and constant current price of btc/usd it would generate 16720$ a year which mean only 2220$ of profit a year.
So it would take 3 years to just return on the setup fee (6400$).
But this calculator is wrong because difficulty is raising with time, and generated btc is lowering with time for constant hashrate.
if i use https://bitcoinwisdom.com/bitcoin/calculator with a 20% raise of difficulty, it's never profitable.
So what am i missing here ? and what can make it profitable ?
I was looking for a 15th/s which cost $6400 and $0.0015/gh/s a day.
So basically we have 6400$+ 12x657$ for one year : $14500 a year.
So if i use coinwars calculator http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=15000&p=0&pc=0&pf=0.00&d=47427554950.64830000&r=25.00000000&er=288.01000000&hc=6400
With constant diff and constant current price of btc/usd it would generate 16720$ a year which mean only 2220$ of profit a year.
So it would take 3 years to just return on the setup fee (6400$).
But this calculator is wrong because difficulty is raising with time, and generated btc is lowering with time for constant hashrate.
if i use https://bitcoinwisdom.com/bitcoin/calculator with a 20% raise of difficulty, it's never profitable.
So what am i missing here ? and what can make it profitable ?
there are several factors, luck is one of them as stated before, i bolded the part of the external factor could be one that will either increase or decrease your earning
wow, my payout now increased from 6k to 14 k
this look like GM on recovery...cmon Gm i know you can do it...lol
Awwww, why GM on recovery? The quality of our service has never changed. The amount of payout depends a lot on external factors such as Bitcoin value, difficulty, luck, etcetera. Obviously we do not have control over those. But we do have control over the mining part, and we do a very good job at that, which is the service we offer. You know we can do it because we have been doing it. Always.this look like GM on recovery...cmon Gm i know you can do it...lol
I would like to ask a question to customer: How can it be profitable ?
I was looking for a 15th/s which cost $6400 and $0.0015/gh/s a day.
So basically we have 6400$+ 12x657$ for one year : $14500 a year.
So if i use coinwars calculator http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=15000&p=0&pc=0&pf=0.00&d=47427554950.64830000&r=25.00000000&er=288.01000000&hc=6400
With constant diff and constant current price of btc/usd it would generate 16720$ a year which mean only 2220$ of profit a year.
So it would take 3 years to just return on the setup fee (6400$).
But this calculator is wrong because difficulty is raising with time, and generated btc is lowering with time for constant hashrate.
if i use https://bitcoinwisdom.com/bitcoin/calculator with a 20% raise of difficulty, it's never profitable.
So what am i missing here ? and what can make it profitable ?
I was looking for a 15th/s which cost $6400 and $0.0015/gh/s a day.
So basically we have 6400$+ 12x657$ for one year : $14500 a year.
So if i use coinwars calculator http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=15000&p=0&pc=0&pf=0.00&d=47427554950.64830000&r=25.00000000&er=288.01000000&hc=6400
With constant diff and constant current price of btc/usd it would generate 16720$ a year which mean only 2220$ of profit a year.
So it would take 3 years to just return on the setup fee (6400$).
But this calculator is wrong because difficulty is raising with time, and generated btc is lowering with time for constant hashrate.
if i use https://bitcoinwisdom.com/bitcoin/calculator with a 20% raise of difficulty, it's never profitable.
So what am i missing here ? and what can make it profitable ?
Jump to: