Topic: Genesis-mining.com || World's leading hashpower provider! - page 213. (Read 400190 times)

Please consider adding mining support for new scrypt coin VIA (Viacoin) thanks.

+ 1 !!!

I invested the first of June...what a loss...my first very bad invest...i trusted GM...what a mistake...no reward for early adopters...nothing...
But all is my own fault...

You should at least offer some advantage to people that bought a while ago. Overall, I will be extremely lucky if I get back 50% of the btc I invested.

At the moment, I would advise everyone to keep their BTC and not invest with you. This was the worst BTC investment I did.

Also looking forward for the new interface.
I will visit reddit for that competition.

Nice logo on this. who did it? i need logos for my stuff

English is not my mother language and maybe i can not explain very well my thoughts. Maybe you are right about zen since i am using it only 1 week but till now everything is working well.

Lets assume 0,0005944BTC/MH





Please correct me if i am calculating something wrong

Just for clarification: I was not referring to you / calling you a spammer.

Regarding numbers: as I have shown above in detail pricing wise there is not much difference (please double-check my numbers). If you factor everything in, price of Genesis Mining and Gaw are very similar. I like the 100% uptime guarantee of GM (Zen is only offering best-effort basis) and the nicer interface. But taste differs. I have experienced a number of broken miners on my own, so I know what I am talking about

If you want to mine at home you need electricity prices significantly below 0.1 USD per KW/h to compete with GM (and cheap spare time).

Is not my style to advertise other companies or spam.

Yes, My post was regarding Gawminer. I purchased 4 days ago a Falcon (EDIT: 589$ not 570$) hosted to zencloud (not shipping) for 1 month free hosting.
These 3 days the income varies between 0.014 - 0.0165. After 1 month the fee will be 0.0052099 (as they advertising

OF course i am not able to know what will happened next months. The daily payout to all cloud services getting lower and lower  but according to a simple calculation the $21.8/MH is much better than 59$/MH (diamond promo code)

PS. I have spend 8,3 BTC in GM for having 45MH and  i will continue to invest .....if the prices get lower.

Prices could always be lower, but let us be realistic (calculation follows below). Some people here spam several threads with the same message: XYZ is too expensive, buy ABC instead.

Do not fall for it, whatever ROI they might promise you! If there is no registered company or the people behind the company are not known it is likely a scam attempt!

History of Bitcoin is full of scammers. Transactions are irreversible! So only do business with a registered company, where the users behind the company are known. "Gawminer" and "Genesis Mining" fall in this category in my opinion (as does some larger Bitcoin hosting companies). Do your own research!

An anonymous promise for a high ROI is worth nothing!

Now for the numbers:

Gawminers offers the Falcon for 600$. Electricity cost for one year is 867 USD (at 0.1$ per KW/h *). This results in 5.3 USD/cent and is marginally smaller than 5.9 USD/cent.

However, this calculation does not take into account: customs, shipment fees, own work needed with configuration, delays in shipping, downtimes (they are significant!), and if the machine fails you are in trouble because you will lose time and might even be without warranty (check this: in most cases it is only one month).

If your local electricity price is below 0.1 USD and if you are experienced with mining and have enough spare time, then go for it for the *fun* (you will not save any money, alone if you factor in your opportunity costs).



(*) this also takes into account that official specs for electricity consumption are only theoretical values under optimal conditions. In my own experience the real consumption of electricity is significantly higher (due to inefficiency of the PSU, additional gear you need etc. ). I have used 990W for this calculation, which in my own tests is closer to reality.

I agree....Prices should be lowered.
I purchased a Falcon Miner (27MH)  hosted on cloud with 570 $ (21$/MH)
Excluding the daily fees an estimated daily payout is 6,45 and the ROI 3 Months.

Nice to know that another altcoin was added. 

OK thanks for the info!

RDD has been switched to AUTO as BTC and DRK for you can continue "mining" it!

If anybody needs some more info on how to upgrade your own wallet, you can look for example here.

Best regards,
Genesis Mining

Genesis Mining Platinum contract is $1380 for 20 mH. That is very high ... $69 per mH ... twice the cost per mH of some other altcoin cloud mining providers.

Thanks for the update.
Will X11 and SHA256 somehow be incorporated in the same mining contracts as scrypt or will each contract be dedicated to a specific algorithm?

Cheers

+1
That's strategy. 

Heh, promotional efforts become more creative every day.

You have to use code MOON  Only Whit MOON you get the 3% Discount and a trip to the MOON

GM Team,

Is there any particular reason why you have kept the promo code field case sensitive ? If I enter the promo code as UMANO_17 it says its valid whereas umano_17 is not valid. I think it should not be case sensitive.

Best,
Vaisajne

Done watching, it was a good interview video.