Topic: Genesis-mining.com || World's leading hashpower provider! - page 150. (Read 400197 times)

Has anyone calculated ROI with these new prices and fees? What does it come to, 8 months?

Thanks for trolling by

Well I got an GAWsome plan..
Mirror what a x amount of hashrate on Y pool would earn and pay us that way and not even move your miners..

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PS

Hey it worked for GAW 

 

Well, you can rent out an entire machine. There are quite some people, or communities!, willing to go for the big hashrate, and they don't scare easily because of difficult interfaces and settings, or even failed pools  or connections. No need to change the regular interface then for regular people, and maybe just add another?

Just a quick thought...

Hey Marco, yeah i totally get all of the complications involved. Maybe (at first anyway) have it only available on approved pools or something. I know alot of pool owners would do whatever they need to do in order to make sure their pools comply with your system just because they know they can get some decent fees with the amount of hashpower involved. You could maybe make it so the user has to have 24 mhs (or whatever size the actual miner is) almost like gaws hosted miners, in order to be able to take control of it and point it where you want. You would also have to think about the ramifications of pointing a ton of hash at lower difficulty coins as well. However this is the one feature that pretty much everyone that I know is wanting REALLY bad. I would imagine if you guys could pull it off it would be a huge milestone for cloud mining. Your fees are a tough one to find a workable solution for. You would almost need a wallet that people mine to as kind of a middle man so you can extract your fees before they can withdraw or something. You guys are smart so I will leave that for you to figure out LOL! If you can make it happen it would really be the thing that blows all of the competition away.

If you guys do decide to try and do this and you need to bounce ideas off of someone, Wuher (from ipominer, partners with multipool.us) is a really smart dude that might be able to help you solve some of the technical aspects. Anyhow, good luck. There are alot of us waiting on a cloud service to implement this, it would be really cool if it was you guys that can make it happen.

We like the idea, though there are a few things that need to be considered:

1) we want to keep a simple user interface and not confuse other miners; this can be solved for sure, but needs to be done carefully
2) the hashrate can only be sent on an average basis. For example, if a user wants to point 1 MH/s to a pool and our smallest miner is 24 MH/s then we would have to point 24 MH/s to this pool for one hour. This is not ideal.
3) if the pool is crappy, or there are some technical problems we would see high reject rates and unhappy faces.

Probably we would require that mining on your own pool happens at least for 24 hours. Furthermore, we would probably require that the maintenance fee is paid from the user balance. In turn the hashrate would be fully used for mining coins.

Technically, it can be done for sure in a reasonable time frame. This would be an advanced feature which only experienced users should use.

Please let me know if you have any comments.

I lol because nothing's profitable at Genesis right now.

Agree. Killer feature.

X11 isnt profitable at all right now so thats probly why we havent heard anything from genesis about it. I really wish they would just let us mine at our own pools with our hash. I would buy more and not even bitch about the payouts if they would do that, the first cloud company to make that happen will make alot of money.

Haha, that'd give me hope of breaking even at all. XP

Hrm. Thats unfortunate. I really wish we had the option to sell old contracts and buy up new ones. That'd give me some hope of breaking even faster.

From the way it was written, I think it is for the new contracts only, perhaps because they are newer Asics which are more power efficient and got better capacity so those lower fees and lower prices can be passed along to those people that will be purchasing hashpower from them.

Question does this new lower maintenance fee also apply to your older contracts as well or just new contracts?

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Their SHA payout dropped now, but still reasonable.

But the contract price needs to go down by 50%

to be attractive.

Scrypt, also still way overpriced in spite of the cut.

The difficulty increase in scrypt surprised me as well. In the beginning I lost some money with GPU mining. The good thing is that the technology evolution is not that fast anymore, but it is still very risky. At least LTC/USD prices are more stable now.

Sha difficulty has not changed a lot since beginning of November - this is quite remarkable.

Only time will tell!

Its the 3rd time on genesis i can see dropping payouts and prices for scrypt hashrate

the 1st mh i bought for about 128€!
payouts dropped fast, followed by dropping hashrate prices. cause for my first try there was no break even in sight, i reinvested the collected btc and some og my money to buy more then 20mh (the newer lifetime fee contracts)

and now ?

wonder wonder, payouts dropping again (and dont stop!)... hashrate becomes a little cheaper and  - speculations - the same sh** starts agein  

Wow, nice price discount on Scrypt. Do not forget Voucher code: MOON  
WorldCoin is doing good today  

We would like to tell you some good news here at Genesis Mining.

Three weeks ago we were running out of Scrypt miners and had to stop selling Scrypt hashpower. We are now happy that Scrypt is back in town!

The amount will be limited for now, but more miners are on their way to our facilities. We use the latest available technology and are therefore able to offer lower prices than ever before:

They now start at 19.98 USD for 2 MH/s

Pricing are as follows

Gold 2 MH/s  USD 19.98
$9.99 per MH/s

Platinum 20 MH/s USD 195
$9.75 per MH/s

Diamond 100 MH/s USD 949
$9.49 per MH/s

Our daily maintenance fee for these new Scrypt contracts are 0.04 USD per MH/s.

As some of you have noticed, we have recently introduced WorldCoin as a choice for our Scrypt miners as well.

Happy Mining everyone!

Once you take your electricity in to account though, what would it be then? I know you have the advantage of keeping the coins you mine and being able to pay for your electricity in FIAT though, but what are your costs per month for your home mining rigs? And if you could pay with your payouts, how much would you have left?

Just a genuine question. I had to turn off my mining rigs as the electricity was so high which is why I tend to do cloud mining etc.

Yeah the cost is just too much for the returns right now. They teased the X11 but there's nothing to show yet or maybe ever because they've been silent about it.