Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment
because transaction fee high so if payment set every 7 days that will be cool
That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout.
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For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts.
Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet.
How many Mh/s do you have?
For my Youtube account I have 1 MH/s scrypt and basically the payouts have been displayed as 0.00000000 for ages. The problem is, that there is a minimum, but it seems that it has to be over that minimum on a payout day for you to actually receive it.
The minimum is 5400 satoshi....so if my payout is less than that I just get a 0.00000000 and a box telling me my payout didn't reach the minimum.. Now the problem is this.
If I get on one day 4000 satoshi and on another day 3000, I do not get anything sent to me, but, if you added those two together I would have more than the minimum, but it still does not get sent to me because on any of the days, I had less than the minimum, so what the post is saying is that, if the payout is still less than the minimum for weeks and weeks, he might have got over 100 000 satoshi and still it has not been sent to him, so if payouts were for example for those on 1MH/s, once every 3 days, so your 3 day payout was like for example 9000, then they would get it sent to them, as it was over the minimum...
That is how I see it anyway.
