Topic: Genesis-mining.com || World's leading hashpower provider! - page 145. (Read 400197 times)

I don't think that will happen yet,, still over 3000 satoshis with 1MH/s. Perhaps they will do what GAW miners does and just give you 1 satoshi a day if it came to it

Very soon we are going to have the same situation as with Zeushash. Fees are gonna be higher then the actual payout and they ll terminate our contracts.

I'm going to follow you guys, just pushed all my scrypt to DRK and 25% to sha-256 to UNO. I've lost faith in the auto trader, after a week of testing it seems I get a little more doing things this way.

Looks like their scrypt payout is going to zero.

Just moved from awful to train-wreck.

All right, I´ll try for UNO.

Who knows, if it goes well I may add SHA.

They accept CC now, which is a big improvement.

I am trying to get GM to do a page where you can find out say, all the daily payouts for each coin at their minimums, for example 10GH/ and 1MH/s then it is easy to calculate what you would get or give you an idea about current prices..

Abit like a rates page

So, how much UNO does GM yield per say 20 GHS ?

Right on, Jelks.  
Lol--I wonder what ever happened to that guy who sold the pizza.  Did he dump 10k btc on Gox for $20, or is he now retired on a Polynesian Island in the Pacific. Sometimes a little patience can yield a big pay off.

I also like mining the rare Uno at Genesis. I think it will do well in 2015.

You're spamming here too?

I notice you never replied to cryptapus' query in the Unobtanium forum to your same post you wrote here above...

https://bitcointalksearch.org/topic/uno-unobtanium-info-discussion-hardfork-block-1042000-merge-mine-wbtc-527500

Actually, I see now you post here under the name "async24".  Whereas in the Unobtanium forum you're "gsmon".  But the content/text is identical.

You really think we're going to fall for this stuff?

Good luck.  Hope you get some suckers.

You can't ROI when your "I" is bad -- at least as a *short* term investment.

Right now, Bitcoin miners are creating 3,600 new coins every DAY!  That makes the Fed's paper fiat look like gold in comparison!  Yeah, Bitcoin adoption is growing astronomically, but that doesn't matter -- 3,600 new coins per day is just way too inflationary right now.  The mining production will halve in 2016 to 1,800 coins per day.  Not exactly awesome, but better.  And in 2020 it halves again, only 900 new BTC per day.  With the 800-pound gorilla status that Bitcoin enjoys, that might prove sustainable.  And then it will continue to get rarer and rarer, and thus better and better.

I think if you just don't think about your "R" on your "I" coming in the next several months (years?), I think that you *can* and *will* ROI.  That 0.212 BTC could be worth a considerable amount of money 10 years from now (after several halvings of new mining production).  Can you wait that long?

The guy who bought a pizza back in 2010 for for 10,000 BTC probably thought he would "never ROI" either.  Wonder what he thinks today.  I sure hope it was the best pizza he ever had or ever will have.

I think 2013 was a bad year in terms of giving many newcomers a false hope of quick riches in the crypto world.

Personally, I only use Bitcoin for transactions at this point in time.  Need to send someone some money now?  Easy, I just deposit fiat online into my Coinbase account -- at whatever the then USD/BTC rate is, I don't care -- and transfer that BTC to the person.  Beats the heck out of wire transfers, Paypal, sending checks through the mail, etc.

But I don't keep a *store* of Bitcoin, either at Coinbase or in an offline wallet.  Too inflationary for me at the moment.  I only mine -- and buy -- Unobtanium (UNO).  Only 250,000 UNOs will *ever* be created (as opposed to, what is it? BTC's 21,000,000?).  And instead of 3,600 new BTCs a day, only 15 new UNOs a day are currently being mined (and that's going to halve twice in 2015!!!).

And even with mining UNO, I don't expect to get rich overnight or even "ROI" in the next 6 months (UNO is way under the radar, but with a solid, enthusiastic community).  I'm looking to 6 to 12 years out (and I'm already old).

I may be wrong, but I think that having a store of Bitcoin in the future will be good.  But I just don't have that feeling for it at this particular moment.

And nobody can (or *should*) blame GM for any "lack of ROI" within a 6-month timeframe.  It's the coin you choose (hopefully wisely), *and* the time frame you have patience for.  That's all it is, period.  Don't blame GM.

I am mining Unobtanium on my own mining gear (currently, I may sell the gear and switch *completely* to GM), and I'm mining it at GM -- which meets or often exceeds my own mining gear!

ROI is not GM-dependent.  It's homework, coin, and patience-dependent.

So kudos to Genesis-Mining!

And do your homework, be smart, and be patient!

GM's SHA 256 payouts aren't too bad really, they had a higher SHA 256 payout yesterday than a competitor and yet the competitor was 15GH/s and not 10GH/s.

Ian

The reason for this is the drop in BTC price. That means that the maintenance fee eats more of the mining output. If the BTC price is stable and difficulty drops payouts should increase (*).

(*) "should" because there is a little bit of fluctuation in the pool payouts (aka "luck")

We all have had a roi in sight in the days when we invested. today things look different :/
with 20mh scrypt payouts are lower then few month ago with a ONE MH.......

yes, altcoins are down. fees eat the rest. today i received 0.00072 btc / 20MH

maybe SHA256 contracts could possibly roi (if exchange rate rises. fees are too high, i remeber sth around 50% ?! so what...   s...)

I have almost the numbers, about 43% recovered. The only way I think I'll see an ROI is when (if ever) BTC jumps WAY up and I can sell...but the current downtrend isn't promising.

That's nice, you must be the only one these days, my viewing figures are like the payouts, going down and down LOL...You might be the only viewer left soon...

I would like to just add my real example. I put some money here in GM in June 08: 0,42910000BTC
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As of today, December 18 I received: 0.21294324 BTC

This is pure fact how this works. You never ROI. Please do some calculation before you invest.

Thanks, love your video`s 

Day 95 Comparison Video can be found here

http://youtu.be/B3fYF0OVB-U

My thread with history of payouts from day one can be found here.
https://bitcointalksearch.org/topic/m.9871143

I agree. I've allocated some hash power over to Darkcoin on the off chance it makes a rebound. When I bough into GM I knew there was a fair chance I'd never see my investment returned in full, but mining is a gamblers game anyways.

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