Genesis-mining.com || World's leading hashpower provider! - page 197.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: monim1 on September 11, 2014, 01:27:49 AM

Quote from: IanFoxley on September 10, 2014, 02:21:01 AM

Quote from: Mike18feb on September 10, 2014, 02:17:30 AM

I can't remember GM saying anywhere that they are changing to lifetime, though I wouldn't hold a grudge if they did Tongue

But... which other GM thread did you see that?

Here apparently.
https://bitcointalksearch.org/topic/m.8747062

Although GM didn't actually say that they were, just that another forum member that said they had.

I think Genesis- mining need to concern this matter. It would be really helpful for old members like us.

This is old news now. This was posted before the announcement yesterday from Genesis Mining that they had lowered prices once more and are now offering contracts that are a lifetime.

All those with contracts which were purchased before that change, will be upgraded to the lifetime contract when their current contract ends, for example my contract started in May so when mine finishes in May 2015, then it gets changed to a lifetime automatically.

Ian.

monim1

full member

Activity: 155

Merit: 100

Quote from: IanFoxley on September 10, 2014, 02:21:01 AM

Quote from: Mike18feb on September 10, 2014, 02:17:30 AM

I can't remember GM saying anywhere that they are changing to lifetime, though I wouldn't hold a grudge if they did Tongue

But... which other GM thread did you see that?

Here apparently.
https://bitcointalksearch.org/topic/m.8747062

Although GM didn't actually say that they were, just that another forum member that said they had.

I think Genesis- mining need to concern this matter. It would be really helpful for old members like us.

vaisajne

full member

Activity: 224

Merit: 100

Quote from: Genesis-Mining on September 10, 2014, 11:42:05 AM

Dear Community,

We worked hard within the last days to be able to make this announcement:
Thanks to our partnership with the hardware manufacturers we are able to lower the price for hashpower (scrypt and sha) to a level not seen before in the market.
We are also glad to tell you that we expanded our yearly contracts to lifetime contracts so that you can keep the purchased hashpower without any expiration.
For all of our devoted customers who supported us from the beginning on we want to say thank you! This has never been possible without you:

All customers who purchased yearly contracts from us get a free upgrade to lifetime contracts after expiration!

Our new rock bottom prices are the following:

Scrypt:

Gold : 1 Mh/s - 17.99 USD (17.99 USD per Mh/s)
Platinum : 20 Mh/s - 339 USD (16.99 USD per Mh/s)
Diamond : 100 Mh/s - 1,499 USD (14.99 USD per Mh/s)

SHA:

Gold : 10 Gh/s - 9.99 USD (9.99 cents per Gh/s)
Platinum : 1000 Gh/s - 989 USD (9.89 cents per Gh/s)
Diamond :10,000 Gh/s - 9790 USD (9.79 cents per Gh/s)

We currently have a lot of new features in the pipeline we are eager to announce! Stay tuned for the upcoming times. It will be great!

Your Genesis Mining Team

Great news! Kudos to GM team.Now I have some solace of mind.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: Zeta0S on September 10, 2014, 08:52:40 PM

Thats More then 60% off from Yesterday Prices!!

Your post is confusing me with your discount code difference.

The image says 2.5 percent off, yet your signature says 3 percent

Nathan101

full member

Activity: 130

Merit: 100

Quote from: IanFoxley on September 07, 2014, 11:47:21 PM

Quote from: dyask on September 07, 2014, 05:03:52 PM

Even the new prices are still higher than the GAW Prime Hashlet if you go through a reseller because you typically get 5% off.

Not all prices with GM, it depends on the contract you choose. For example, a 100 megahash contract with GM costs the same as a 100 megahash prime hashlet. You can also get 3 to 5 percent off discount codes for GM. But GM is cheaper because you are not having to then pay 8 cents a megahash fee (at time of posting) as it is already included. So that is an 8 USD a day saving at the moment.

I agree with you. On Genesis-mining you can get discount on using codes which is not available on GAW. I hope Genesis-mining will introduce new features for their members.

Zeta0S

legendary

Activity: 1890

Merit: 1031

Thats More then 60% off from Yesterday Prices!!

Wintermute

full member

Activity: 178

Merit: 100

Quote from: IanFoxley on September 10, 2014, 01:35:28 PM

I was just looking at the contracts now.

There is a part about having to pay fees now each day. Is this the same as before or is this a new cost now because the contracts are now lifetime?

2. Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of (the "Fee"):
a. 0.01795 USD per kH/s upfront
b. 0.08 USD per MH/s and day, deducted on a daily basis* from the generated Coins

Is this for new contracts only and will those who have the yearly contracts not have this fee in place until the year is up and they get moved automatically to the new unlimited one??

Thanks in advance.

Ian

I remember that the first version of their contracts were working this way (they called it "electricity cost" at that time IIRC). Then they changed to 1y contracts with all fee etc included. Now they are back with lifetime contracts and an ongoing"maintenance fee". Seems to be the same fee amount that gaw is charging (0.08 USD per day and MH/s). However, GM is cheaper and allows to mine a number of Altcoins, while you are locked with BTC mining only in gaw-land (not even pool switching is possible or cost extra - seriously?).

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: IanFoxley on September 10, 2014, 12:24:28 PM

Quote from: Genesis-Mining on September 10, 2014, 11:42:05 AM

Dear Community,

We worked hard within the last days to be able to make this announcement:
Thanks to our partnership with the hardware manufacturers we are able to lower the price for hashpower (scrypt and sha) to a level not seen before in the market.
We are also glad to tell you that we expanded our yearly contracts to lifetime contracts so that you can keep the purchased hashpower without any expiration.
For all of our devoted customers who supported us from the beginning on we want to say thank you! This has never been possible without you:

All customers who purchased yearly contracts from us get a free upgrade to lifetime contracts after expiration!

Our new rock bottom prices are the following:

Scrypt:

Gold : 1 Mh/s - 17.99 USD (17.99 USD per Mh/s)
Platinum : 20 Mh/s - 339 USD (16.99 USD per Mh/s)
Diamond : 100 Mh/s - 1,499 USD (14.99 USD per Mh/s)

SHA:

Gold : 10 Gh/s - 9.99 USD (9.99 cents per Gh/s)
Platinum : 1000 Gh/s - 989 USD (9.89 cents per Gh/s)
Diamond :10,000 Gh/s - 9790 USD (9.79 cents per Gh/s)

We currently have a lot of new features in the pipeline we are eager to announce! Stay tuned for the upcoming times. It will be great!

Your Genesis Mining Team

Super news! Yay!

Have PM'd you guys!

I was just looking at the contracts now.

There is a part about having to pay fees now each day. Is this the same as before or is this a new cost now because the contracts are now lifetime?

2. Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of (the "Fee"):
a. 0.01795 USD per kH/s upfront
b. 0.08 USD per MH/s and day, deducted on a daily basis* from the generated Coins

Is this for new contracts only and will those who have the yearly contracts not have this fee in place until the year is up and they get moved automatically to the new unlimited one??

Thanks in advance.

Ian

Wintermute

full member

Activity: 178

Merit: 100

Quote from: IanFoxley on September 10, 2014, 12:24:28 PM

Quote from: Genesis-Mining on September 10, 2014, 11:42:05 AM

Dear Community,

We worked hard within the last days to be able to make this announcement:
Thanks to our partnership with the hardware manufacturers we are able to lower the price for hashpower (scrypt and sha) to a level not seen before in the market.
We are also glad to tell you that we expanded our yearly contracts to lifetime contracts so that you can keep the purchased hashpower without any expiration.
For all of our devoted customers who supported us from the beginning on we want to say thank you! This has never been possible without you:

All customers who purchased yearly contracts from us get a free upgrade to lifetime contracts after expiration!

Our new rock bottom prices are the following:

Scrypt:

Gold : 1 Mh/s - 17.99 USD (17.99 USD per Mh/s)
Platinum : 20 Mh/s - 339 USD (16.99 USD per Mh/s)
Diamond : 100 Mh/s - 1,499 USD (14.99 USD per Mh/s)

SHA:

Gold : 10 Gh/s - 9.99 USD (9.99 cents per Gh/s)
Platinum : 1000 Gh/s - 989 USD (9.89 cents per Gh/s)
Diamond :10,000 Gh/s - 9790 USD (9.79 cents per Gh/s)

We currently have a lot of new features in the pipeline we are eager to announce! Stay tuned for the upcoming times. It will be great!

Your Genesis Mining Team

Super news! Yay!

Have PM'd you guys!

Second! Wohooho!

And have a look at the difficulty levels

https://bitcoinwisdom.com/litecoin/difficulty

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: Genesis-Mining on September 10, 2014, 11:42:05 AM

Dear Community,

We worked hard within the last days to be able to make this announcement:
Thanks to our partnership with the hardware manufacturers we are able to lower the price for hashpower (scrypt and sha) to a level not seen before in the market.
We are also glad to tell you that we expanded our yearly contracts to lifetime contracts so that you can keep the purchased hashpower without any expiration.
For all of our devoted customers who supported us from the beginning on we want to say thank you! This has never been possible without you:

All customers who purchased yearly contracts from us get a free upgrade to lifetime contracts after expiration!

Our new rock bottom prices are the following:

Scrypt:

Gold : 1 Mh/s - 17.99 USD (17.99 USD per Mh/s)
Platinum : 20 Mh/s - 339 USD (16.99 USD per Mh/s)
Diamond : 100 Mh/s - 1,499 USD (14.99 USD per Mh/s)

SHA:

Gold : 10 Gh/s - 9.99 USD (9.99 cents per Gh/s)
Platinum : 1000 Gh/s - 989 USD (9.89 cents per Gh/s)
Diamond :10,000 Gh/s - 9790 USD (9.79 cents per Gh/s)

We currently have a lot of new features in the pipeline we are eager to announce! Stay tuned for the upcoming times. It will be great!

Your Genesis Mining Team

Super news! Yay!

Have PM'd you guys!

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Great work GM, congrats.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Dear Community,

We worked hard within the last days to be able to make this announcement:
Thanks to our partnership with the hardware manufacturers we are able to lower the price for hashpower (scrypt and sha) to a level not seen before in the market.
We are also glad to tell you that we expanded our yearly contracts to lifetime contracts so that you can keep the purchased hashpower without any expiration.
For all of our devoted customers who supported us from the beginning on we want to say thank you! This has never been possible without you:

All customers who purchased yearly contracts from us get a free upgrade to lifetime contracts after expiration!

Our new rock bottom prices are the following:

Scrypt:

Gold : 1 Mh/s - 17.99 USD (17.99 USD per Mh/s)
Platinum : 20 Mh/s - 339 USD (16.99 USD per Mh/s)
Diamond : 100 Mh/s - 1,499 USD (14.99 USD per Mh/s)

SHA:

Gold : 10 Gh/s - 9.99 USD (9.99 cents per Gh/s)
Platinum : 1000 Gh/s - 989 USD (9.89 cents per Gh/s)
Diamond :10,000 Gh/s - 9790 USD (9.79 cents per Gh/s)

We currently have a lot of new features in the pipeline we are eager to announce! Stay tuned for the upcoming times. It will be great!

Your Genesis Mining Team

vaisajne

full member

Activity: 224

Merit: 100

Quote from: martinnew on September 10, 2014, 10:28:02 AM

Quote from: IanFoxley on September 10, 2014, 02:21:01 AM

Quote from: Mike18feb on September 10, 2014, 02:17:30 AM

I can't remember GM saying anywhere that they are changing to lifetime, though I wouldn't hold a grudge if they did Tongue

But... which other GM thread did you see that?

Here apparently.
https://bitcointalksearch.org/topic/m.8747062

Although GM didn't actually say that they were, just that another forum member that said they had.

It could be another update GM will be revealing or telling us for clarifications.

Eagerly waiting for this update.

martinnew

full member

Activity: 153

Merit: 100

Quote from: IanFoxley on September 10, 2014, 02:21:01 AM

Quote from: Mike18feb on September 10, 2014, 02:17:30 AM

I can't remember GM saying anywhere that they are changing to lifetime, though I wouldn't hold a grudge if they did Tongue

But... which other GM thread did you see that?

Here apparently.
https://bitcointalksearch.org/topic/m.8747062

Although GM didn't actually say that they were, just that another forum member that said they had.

It could be another update GM will be revealing or telling us for clarifications.

Mike18feb

hero member

Activity: 657

Merit: 500

MΣC

Well, as I said earlier, if market pressure changes, then sooner or later a response will (have to) come. There's no confirmation yet, but we all see things change all over, so I don't think any change would surprise anyone I guess

vaisajne

full member

Activity: 224

Merit: 100

Quote from: IanFoxley on September 10, 2014, 02:21:01 AM

Quote from: Mike18feb on September 10, 2014, 02:17:30 AM

I can't remember GM saying anywhere that they are changing to lifetime, though I wouldn't hold a grudge if they did Tongue

But... which other GM thread did you see that?

Here apparently.
https://bitcointalksearch.org/topic/m.8747062

Although GM didn't actually say that they were, just that another forum member that said they had.

This would be the right step forward for old customers like us to get ROI and make some profit. GM should extend the contract until their maintenance fees equals payout.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: Mike18feb on September 10, 2014, 02:17:30 AM

I can't remember GM saying anywhere that they are changing to lifetime, though I wouldn't hold a grudge if they did Tongue

But... which other GM thread did you see that?

Here apparently.
https://bitcointalksearch.org/topic/m.8747062

Although GM didn't actually say that they were, just that another forum member that said they had.

Mike18feb

hero member

Activity: 657

Merit: 500

MΣC

I can't remember GM saying anywhere that they are changing to lifetime, though I wouldn't hold a grudge if they did Tongue

But... which other GM thread did you see that?

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

What s with this info GM ll upgrade all contract to lifetime contracts? It was posted on the other GM thread.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: dyask on September 07, 2014, 05:03:52 PM

Quote from: crazyivan on September 07, 2014, 12:29:40 AM

I ll repeat the question which I asked 2 weeks ago: IS THERE ANY SINGLE GENESIS MINING USER WHO HAS REACHED ROI?
At least 1? Anyone? Anywhere?

I guess not. If this is the case, this whole thread about what they introduce or what you guys mine is pointless cause none of use is here to send them money unless you enjoy losing money. Go find something else more profitable cause using Genesis Mining benefits ONLY Genesis Mining.

Prove me wrong.

I'm not sure it is possible to reach ROI at the prices they have paid. Even the new prices are still higher than the GAW Prime Hashlet if you go through a reseller because you typically get 5% off. That one will only ROI because GAW keeps adding features to it and changing the game. (Maybe it won't make it either.) But it is priced a nearly a 2x premium to everything else!

The only attraction to Genesis mining is that you can pick which coin you want and maybe if you are great at picking coins you could get a positive ROI.

I just realised that I have made ROI already when you look at it this way.

In the first 5 weeks I made 0.25 btc. I paid with BTC, but most of the 0.8 BTC I paid actually came from the 700 000 doge coins that I had and converted to BTC to pay for my contracts. At the time I sold my Doge when they were around 110 satoshi each.

I just looked to see how much 700 000 doge coin were now, around 40 satoshi, because at the end of the day, if it wasn't for me thinking about buying a GM contract, those doges would have just been sitting in my wallet even now. Anyway 700 000 doges is about 0.28 BTC right now, so if I wanted to, I could quite happily buy those back and still have BTC left. My Dogecoins were my investment.

Topic: Genesis-mining.com || World's leading hashpower provider! - page 197. (Read 400228 times)