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Topic: Genesis-mining.com || World's leading hashpower provider! - page 157. (Read 400197 times)

legendary
Activity: 910
Merit: 1000
Are they going belly up ?

Scrypt payout has tanked like 60-70%.

It is how Scrypt payouts are in general at the moment. It is not just Genesis Mining

And compared to some others, Genesis Mining is not doing so bad, just look at my videos to see how bad it could be.

These were my payouts yesterday
Genesis Mining 1 MH/s contract            0.00008780 BTC
GAW Hashlet Waffle 1MH/s                   0.00000001 BTC
GAW Hashlet Zen 1 MH/s                      0.00000942 BTC
hero member
Activity: 616
Merit: 500
Are they going belly up ?

Scrypt payout has tanked like 60-70%.
newbie
Activity: 13
Merit: 0
Still have my account and willing to sell it.

I have 31 MH, and want to sell it at the current market value for 1 BTC.

We can use escrow, no problem at all. We can use skype if u like.

Hope to hear from you, sent me a PM!

Hi Dophoeve
How do you propose selling these 30MH/s? Are you going to give your e-mail address to someone else (they get it and change the password)? Followed by the new owner obviously choosing his/her wallet address?

I have around 140MH/s that are currently not paying much, so looking to get rid of it. There are much better options than Genesis out there at the moment. Could use your advice.
Thanks in advance.
legendary
Activity: 910
Merit: 1000
hero member
Activity: 868
Merit: 1000
Their scrypt payout has pretty much evaporated.



Yeah it's kind of stinky now
hero member
Activity: 616
Merit: 500
Their scrypt payout has pretty much evaporated.

newbie
Activity: 31
Merit: 0
how many coins note from 1 mega?
The short answer is it varies depending on the alt coin market you could make a lot or very little. I have only 4MH and when I started I got around 40 cents, now I'm getting 20-30 cents however the alt coin market is down so thats most likely to blame.
newbie
Activity: 14
Merit: 0
how many coins note from 1 mega?
hero member
Activity: 868
Merit: 1000
When is the x11 coming online?
full member
Activity: 196
Merit: 100
Hey Genesis,

Any chance of you guys adding a market to the site? It seems like most of your competitors these days have a way to trade MH/s or GH/s and it is a really nice feature to have Smiley
full member
Activity: 196
Merit: 100

Yeah I was a little disappointed with the payout today as well. Unfortunately sometimes these things cannot be helped when dealing with the altcoin market :/
legendary
Activity: 1890
Merit: 1031
hero member
Activity: 1132
Merit: 818
black wednesday?

Do you mean the poor performance on altcoins today?
full member
Activity: 196
Merit: 100
legendary
Activity: 1890
Merit: 1031
black wednesday?
full member
Activity: 182
Merit: 100
To the MOOOON
Still have my account and willing to sell it.

I have 31 MH, and want to sell it at the current market value for 1 BTC.

We can use escrow, no problem at all. We can use skype if u like.

Hope to hear from you, sent me a PM!
hero member
Activity: 1132
Merit: 818
You're most welcome. And thanks to Michael Teeuwisse for answering ticket #2788 I registered with you, my apologies for the stupid question that was the content of that ticket.
newbie
Activity: 49
Merit: 0
There's a thread https://bitcointalksearch.org/topic/cloudmining-101-860400 that compares different cloudmining companies, specifically on how probable it is they are a ponzi scheme. I pointed out Genesis-mining qualified for not being a ponzi on one of the critria, e.a. pictures of their mining hardware being available. As a consequence Genesis-mining is now rated 'probably legit' hehe.

Hey Julian,

Thanks for bringing this to our attention and for pointing out pictures of our mining farm (we will show some more soon btw). Very much appreciated!

Cheers,
  Marco
hero member
Activity: 1132
Merit: 818
There's a thread https://bitcointalksearch.org/topic/cloudmining-101-860400 that compares different cloudmining companies, specifically on how probable it is they are a ponzi scheme. I pointed out Genesis-mining qualified for not being a ponzi on one of the critria, e.a. pictures of their mining hardware being available. As a consequence Genesis-mining is now rated 'probably legit' hehe.
newbie
Activity: 15
Merit: 0
So I signed up with GAW and genesis around the same time. I got the 2 mh with genesis and the 1 mh with GAW hashlet solo multihashlet

Im pulling in about 8 cents a day from genesis and a not even a full cent a day from GAW. Literally 6 fractions of a penny from GAW. very dissapointed with GAW but genesis is doing nice
I gotta be honest...I don't trust GAW one bit.

They sit there and claim they have the highest paying pool out there (Zenpool) which makes great payouts all the way up until a ton of people buy into the company....then suddenly each MH only pays out 1 satoshi after maintenance fees.

So people complain and what happens? Josh makes up some BS about negotiations with some other companies....

People buy it for a certain amount of time.

And when nothing comes of it?

He announces some BS pre-mined altcoin that he promises will go to the moon within a year after its release....so he has all these sheep mining "hashpoints" which essentially means he has all these people buying tons of "hashing power" without having to pay them back a single cent.

I gotta be honest, he's a marketing genius. With all these "legendary" and special addition hashlets......extra money for a hopped up version of the idea of a miner...he's absolutely making a killing off of stupid people.

I'm sorry if this seems like bashing, but I just cant stand it anymore. I like to visit hashtalk just to watch all the cheerleading and people sucking up to earn "hashpoints"....and to see that anybody who doesn't follow the trend of sucking up to Josh get BANNED on the spot.

I find it hilarious to see the MONSTROUS amounts of scrypt power and sha power that he claims to be selling to people not show up on the network anywhere.

I would avoid GAW, eventually that ponzi is going to fall and a lot of people are going to lose a lot of money.

This has to do with genesis as well because I am comparing both of them. Im not here to strictly hate on GAW. Well after 3 days I will tell you what I think about their service. When you login it gives you a dashboard error because it redirects to something else. So you have to manually go in and type the dashboard url after it does this. The admin part of the site is broken. I dont mind this because I can get around it after a few seconds. My problem is the pay outs. They paid me 9 cents yesterday then took 9 cents out in fees. Im trying all the popular cloud mining services for learning purposes so I am not biased towards any certain one. Genesis has been doing 99% better than GAW though at the start of their contracts. Thats for sure. I have pulled in 1 penny with GAW in the last 3-4 days and 40 cents with genesis. those profits are super far off from each other lol
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