Topic: Genesis-mining.com || World's leading hashpower provider! - page 147. (Read 400197 times)

well i got a question i "think" dogecoin is now merged mined with any scrypt base coin, so why cant we get doge along with our alt coin of the day.. fyi multipool.us is doing that right now with all the normal scrypt coins..

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Their SHA is becoming almost buyable.

It´s presently about .0021/GH, payout .00000980/GH/day.

Now; at .0015 it´d look pretty attractive to me.

They were out of scrypt stock.

Reaction: Restock and lower price from $17/MH to $10.

They are again out of scrypt stock.

Coming reaction: Restock and lower price to $5.

Well, I guess that´s logical when you go out of stock

because of tanking sales.

Thanks for mentioning my videos, I do try and help people see a realistic side to two cloud mining companies. I would have loved to have added more when I began, but unfortunately not.

Regarding the marketplace type thing.

Would be a good idea I think as would let those that want to sell and get some money back do so and let people who are thinking more long term to perhaps build up some Hashpower slightly cheaper than retail. I know for example that when Worldcoin was announced there were a lot of worldcoin community people that wanted to mine Worldcoin but could not as Scrypt was sold out, but there are probably people with GM Scrypt accounts who would love to sell if they could and so there would be demand.

I agree, be responsible for your own investment decision!

Only thing I am looking for is a market place for contracts. I think this is a reasonable request, though it will not magically change everything.

Right. And GM was also more expensive than PBMining for sha contracts... ahhh wait.

I am just upset by the stupidity of people. I am not in any way related to GM i give you my word i just use my ref link and have an account mining there.

People are just dump and still try to buy Altcoin cloud mining because gm is again out of stock. How stupid you can be? One look into this thread or one video of ian foxley would be enough to see no roi in the near future. I am just saying genesis mining is no ponzi like pb mining because they are acutally mining not like pb .

You dont blame your broker when the stock is soaring. You blame him when he doesnt buy the stock and the stock is going up. You pay him to buy the stock not make your work. Genesis Mining is payed to mine with your hashing power not to make you roi.

Coinex is selling GM mining shares in ripple

https://xrptalk.org/topic/4598-xhp-mining-xrp-weekly-distribution/

You can trade them. Right now 1 share, which is 1Gh/s, cost 44 XRP. I bought some for test, waiting for dividends.

it doesnt matter what they promised, the point is they are doing NOTHING. look at ltcgear they up the hashpower to compensate for the increase in diff and guess what people keep pumping money into it. if your just going to sit and do nothing while your customers are full of good ideas to make this work than that pretty much says it all. cash grab plain and simple. they dont care about your roi they dont care about supporting your coin, they care about US funding their trips to conventions where they talk about how great genesis mining is. the whole thing is a joke and there are several ways to fix it, they just refuse to do anything about it. typical altcoin bullshit, we want mass adoption, we hate fiat blah blah blah oh i can steal a few dollars well fuck all that shit i believe in then. makes me want to puke. either double peoples hashpower FOR FREE (yes i said that, ltc gear makes it work) or let us mine on our own pools so we can control our own destiny as far as ROI. and there are plenty of other solutions im sure but most people dont have the balls to speak up, me i dont give a damn. i hate watching people do nothing while everything crumbles down around them. I think if you are going to charge $17 per mhs while the competition is charging like $3.99 you owe it to your customers to at least try and do something to protect their investment.

I agree that GM didn't promise much - at the time I bought both SHA256 and Scrypt Hashing power (for an amount that is pretty significant for me), and Scrypt was advertised as 'the most profitable'. But that was definetely true at the time! So bitching at GM is certainly not justified imho. Investing is taking a risk and the person who invests is the one responsible for making the judgement on wether or not the investment is wise. As long as the terms don't change and the company is doing it's best for you, the bitching should really be directed at yourself.

If I calculate how much can be made from altcoins, the GM algorithm is doing it's job adequately. If all my hashing power were pointed at LTC e.g., I'd already not be making ANY returns whatsoever.

I do think tho that people are entitled to some disappointment, and also to suggestions on how to aleviate the situation. It's just to bad that the tone of those suggestions is often not in compliance with the obvious truth that only they themselves are responsible for an investment that turned out to be not so great.

Yeah a market would be nice that's for sure.

I wouldn't even be salty about this if they just had a freaking market to trade Mh or Gh on so I can get out.

Damn near every other cloud mining service out there offers this, including AMHash which I am enjoying and actually making decent payouts from at the moment.

This thread s obviously full of GM staff accounts. I have no other explanation for people who can defend this kind of ROI. So you basically agree there s no way anyone can make ROI with them but you say they are fine cause they never promised ROI, they promised only access to cloud mining gear and they deliver that. Well, that is correct, I have to agree with that.

What I would like to point out is why would anyone buy anything from GM anymore when it is obvious there is no way to reach ROI, not to mention profit. I should be happy cause I paid them to be able to experience cloud mining??? If they can really base their business model on that, Nobel prize in economics should be reserved for them.

Dont know why all of you are complaining.

Its not GM fault. They deliver what they promise they point your hashing power to altcoins. GM has nothing to do with the exploding difficulty or declining prices. Look at other cloud mining providers they suck even more with payouts and if they give you a steady payout eventhough the market is weak you can be sure its a ponzi (e.g. PB mining).

I didnt bought Altcoin Mining Power because i knew this would happen. I am highly invested in Bitcoin Mining and so far i am all good the payouts are great. But if someday the payout or the price drops because market price or difficulty is shitty i wont blame Genesis Mining.

Everbody knew the risk genesis didnt promise you nothing.

Yeh! NLG :-)

I'd also LOVE to point my MH elsewhere. If I'm not going to make a profit on it, at least I can support my favorite altcoin - in my case NLG.

Day 92 comparison video is up now

http://youtu.be/ygKX_oXZYmY

Yes, we need more coin choice, even when new coins start at there genesis block.

Such sad payouts. So far I've made back 43% of my initial investment and it looks like I'll break it in late 2015 if these contacts hold up.

Marco, please for the love of the blockchain give us some more options to use this hash power. It takes far too long to add new coins that ultimately return low within a week. We need more options to use our contracts.