Genesis-mining.com || World's leading hashpower provider! - page 233.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: xiaogr on June 26, 2014, 02:53:54 PM

Hi to all.

1) It would be nice to see a mining progress (chart or counter like other cloud hosts) . I guess everybody would like to know the profitability of his "virtual miner" at a given time.
Especially when someone has allocate percentage of power to various coins.

2) Try to keep a steady frequency in payments

3) Maybe a chart to compare the earnings of each day/week

Hi Xiaogr,

Thanks for mining with us! We have heard the request about additional charts often and we will get it some attention after the next feature is there. We would appreciate some feedback from the community which chart they would like to see.

1) mined coins (yesterday / last week) and their current value in USD?
2) current profitability of coins based on difficulty / prices (this is tricky to do because difficulty of some coins and the prices can change quickly)
3) something else?

To everyone: kindly let us know what you are looking for and we will give prioritize it with our IT guys.

Cheers, marcok

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: xiaogr on June 26, 2014, 03:25:08 PM

Some days the payment is steady every 24 hours, other days nothing for 24 hours, and some other there are 2 payments in the same days with some hours difference.

You are right. The payout timing is not yet perfect. There is some double-checking of numbers that in part also requires human interaction. Going forward we will try to get the payouts with a better timing. We have already some extensive reporting in place and soon we have several persons that can double-check everything and signoff the payout.

We apologize for the timing, but please be rest assured that you will always get your payment!

Cheers, MarcoK

xiaogr

member

Activity: 101

Merit: 10

Be patient.....

xiaogr

member

Activity: 101

Merit: 10

Some days the payment is steady every 24 hours, other days nothing for 24 hours, and some other there are 2 payments in the same days with some hours difference.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

O.K I am new and this is my third day so far I was paid only 17 cents two days ago and nothing in the last 24 hours is this normal? I bought one MHS..I sent in support ticket as I thought we were supposed to be paid daily yes? Also I expected first payment to be lower as is not full 4 hours but since that payment more than 24 hours have gone past actually a day and a half and still nothing else has arrived.

xiaogr

member

Activity: 101

Merit: 10

Hi to all.

I am a new member to GM and i would like to make some comments.

1) It would be nice to see a mining progress (chart or counter like other cloud hosts) . I guess everybody would like to know the profitability of his "virtual miner" at a given time.
Especially when someone has allocate percentage of power to various coins.

2) Try to keep a steady frequency in payments

3) Maybe a chart to compare the earnings of each day/week

xephyr

sr. member

Activity: 285

Merit: 250

Borrowing bitcoin at 10% monthly interest to buy mining contracts is not a good idea. The only one who wins is the lender, because it is unlikely you will ever ROI. Before you go down that path consider just buying a few litecoin and holding long term.

marife01

full member

Activity: 162

Merit: 100

Quote from: Genesis-Mining on June 25, 2014, 11:12:32 AM

We are proud to announce the world's first peer-to-peer, end-to-end cloudmining bitcoin lending solution!

We partnered up with BitLendingClub.com to provide world's first and unique solution for risk reduced bitcoin lendings.

If you want to start cloudmining, but don't have the funds, you can now borrow them at BitLendingClub.com and invest into GM's cloudmining contracts right away!
For most secure Lendings on all sides, borrower's funds are used to buy the contract right away. In return, the mining revenues are used to pay off the lending only, until the btc are paid back!

We hope to further enhance the cooperation with BitLendingClub in the future to present you more features and services!
An example for a lending can you find here: https://bitlendingclub.com/loan/browse/lid/1296

Great, but I would like to ask if how much (approximately) would be the earnings of the borrower from a genesis mining contract in a year if the funds used for it was borrowed from the bitlendingclub?

Daniel007

full member

Activity: 122

Merit: 100

Quote from: Genesis-Mining on June 25, 2014, 11:12:32 AM

We are proud to announce the world's first peer-to-peer, end-to-end cloudmining bitcoin lending solution!

We partnered up with BitLendingClub.com to provide world's first and unique solution for risk reduced bitcoin lendings.

If you want to start cloudmining, but don't have the funds, you can now borrow them at BitLendingClub.com and invest into GM's cloudmining contracts right away!
For most secure Lendings on all sides, borrower's funds are used to buy the contract right away. In return, the mining revenues are used to pay off the lending only, until the btc are paid back!

We hope to further enhance the cooperation with BitLendingClub in the future to present you more features and services!
An example for a lending can you find here: https://bitlendingclub.com/loan/browse/lid/1296

How much loan i can get from BitLendingClub.com? Is there any special requirements for loan?

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: monim1 on June 26, 2014, 05:11:00 AM

Quote from: IanFoxley on June 25, 2014, 10:45:08 AM

Quote from: monim1 on June 25, 2014, 09:29:58 AM

Quote from: nemisan on June 24, 2014, 01:21:39 PM

if you need i promo code here is mine good luck code : ST_DISCOUNT Wink

Can i use your promo code? Is it possible to use a promo code several times?

Sure you can, or you can use mine.
CK_DISCOUNT

I think you are doing a great job. I have always found you helpful. Thanks a lot for your help. Hope you will keep doing this.

If you mean me, then thanks

I do try and help when I can.

monim1

full member

Activity: 155

Merit: 100

Quote from: IanFoxley on June 25, 2014, 10:45:08 AM

Quote from: monim1 on June 25, 2014, 09:29:58 AM

Quote from: nemisan on June 24, 2014, 01:21:39 PM

if you need i promo code here is mine good luck code : ST_DISCOUNT Wink

Can i use your promo code? Is it possible to use a promo code several times?

Sure you can, or you can use mine.
CK_DISCOUNT

I think you are doing a great job. I have always found you helpful. Thanks a lot for your help. Hope you will keep doing this.

Terminator3018

member

Activity: 107

Merit: 10

Quote from: Asterdune on June 26, 2014, 02:57:49 AM

What I don't really get about this loan investment is the break even due to the high interest rates. There is a funding up https://bitlendingclub.com/loan/browse/lid/1302 with 300% interest rates from the borrowers. Genesis-mining has a calculation in the FAQ of a break even after 97 days, which does seem realistic - but if you assume an increase in difficulty over the mining period of one year, then one would be hard pressed to pay back a 300% interest rate after one year, not even speaking of making any profits.

Actually it would take at least 5 months now to get the "things" paid back.

Asterdune

newbie

Activity: 5

Merit: 0

What I don't really get about this loan investment is the break even due to the high interest rates. There is a funding up https://bitlendingclub.com/loan/browse/lid/1302 with 300% interest rates from the borrowers. Genesis-mining has a calculation in the FAQ of a break even after 97 days, which does seem realistic - but if you assume an increase in difficulty over the mining period of one year, then one would be hard pressed to pay back a 300% interest rate after one year, not even speaking of making any profits.

If anyone needs a 3% discount, then use my Promo Code COOKIE_23.

cyberpitstop

sr. member

Activity: 370

Merit: 250

Wow I have hooked up many people in the last few weeks with GM Genesis-Mining and everyone is really pleased. The recent coin additions now gives you a nice choice and payouts are better then when I am mining with my own mining equipment & pools. VERY Pleased with the scalability from adding 1 MH/s at a time or more. And the simple design and to your wallet payout is #1 way to go.
SAVEBTCig use promo code CYBER_11

DoubleU

newbie

Activity: 11

Merit: 0

Quote from: IanFoxley on June 25, 2014, 01:16:21 PM

Quote from: DoubleU on June 25, 2014, 01:03:45 PM

Quote from: Genesis-Mining on June 25, 2014, 11:12:32 AM

We are proud to announce the world's first peer-to-peer, end-to-end cloudmining bitcoin lending solution!

We partnered up with BitLendingClub.com to provide world's first and unique solution for risk reduced bitcoin lendings.

If you want to start cloudmining, but don't have the funds, you can now borrow them at BitLendingClub.com and invest into GM's cloudmining contracts right away!
For most secure Lendings on all sides, borrower's funds are used to buy the contract right away. In return, the mining revenues are used to pay off the lending only, until the btc are paid back!

We hope to further enhance the cooperation with BitLendingClub in the future to present you more features and services!
An example for a lending can you find here: https://bitlendingclub.com/loan/browse/lid/1296

So what to keep people from defaulting loans? Most loans don't even have a due date!

-W

Thought I would add this, from GM's Facebook page. This might answer a few thoughts that people might be having.
http://www.cryptoarticles.com/crypto-news/genesis-mining-partners-with-bitlendersclub-borrow-bitcoin-for-scrypt-cloud-hashing-contracts

Well, ok for investing in GM. The rest of the loans are pretty questionable.

IanFoxley

legendary

Activity: 910

Merit: 1000

Many, many thanks to those who have used my promo-code.

Amazing! Thanks

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: DoubleU on June 25, 2014, 01:03:45 PM

Quote from: Genesis-Mining on June 25, 2014, 11:12:32 AM

We are proud to announce the world's first peer-to-peer, end-to-end cloudmining bitcoin lending solution!

We partnered up with BitLendingClub.com to provide world's first and unique solution for risk reduced bitcoin lendings.

If you want to start cloudmining, but don't have the funds, you can now borrow them at BitLendingClub.com and invest into GM's cloudmining contracts right away!
For most secure Lendings on all sides, borrower's funds are used to buy the contract right away. In return, the mining revenues are used to pay off the lending only, until the btc are paid back!

We hope to further enhance the cooperation with BitLendingClub in the future to present you more features and services!
An example for a lending can you find here: https://bitlendingclub.com/loan/browse/lid/1296

So what to keep people from defaulting loans? Most loans don't even have a due date!

-W

Thought I would add this, from GM's Facebook page. This might answer a few thoughts that people might be having.
http://www.cryptoarticles.com/crypto-news/genesis-mining-partners-with-bitlendersclub-borrow-bitcoin-for-scrypt-cloud-hashing-contracts

DoubleU

newbie

Activity: 11

Merit: 0

Quote from: Genesis-Mining on June 25, 2014, 11:12:32 AM

We are proud to announce the world's first peer-to-peer, end-to-end cloudmining bitcoin lending solution!

We partnered up with BitLendingClub.com to provide world's first and unique solution for risk reduced bitcoin lendings.

If you want to start cloudmining, but don't have the funds, you can now borrow them at BitLendingClub.com and invest into GM's cloudmining contracts right away!
For most secure Lendings on all sides, borrower's funds are used to buy the contract right away. In return, the mining revenues are used to pay off the lending only, until the btc are paid back!

We hope to further enhance the cooperation with BitLendingClub in the future to present you more features and services!
An example for a lending can you find here: https://bitlendingclub.com/loan/browse/lid/1296

So what to keep people from defaulting loans? Most loans don't even have a due date!

-W

Genesis-Mining

sr. member

Activity: 430

Merit: 250

We are proud to announce the world's first peer-to-peer, end-to-end cloudmining bitcoin lending solution!

We partnered up with BitLendingClub.com to provide world's first and unique solution for risk reduced bitcoin lendings.

If you want to start cloudmining, but don't have the funds, you can now borrow them at BitLendingClub.com and invest into GM's cloudmining contracts right away!
For most secure Lendings on all sides, borrower's funds are used to buy the contract right away. In return, the mining revenues are used to pay off the lending only, until the btc are paid back!

We hope to further enhance the cooperation with BitLendingClub in the future to present you more features and services!
An example for a lending can you find here: https://bitlendingclub.com/loan/browse/lid/1296

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: Nathan101 on June 25, 2014, 09:27:25 AM

Quote from: IanFoxley on June 24, 2014, 09:26:46 AM

Quote from: Nathan101 on June 24, 2014, 08:47:14 AM

Quote from: Genesis-Mining on June 21, 2014, 06:59:25 AM

Quote from: IanFoxley on June 21, 2014, 03:53:41 AM

Reposted this in the Dogecoin message thread also.

Thank you Ian!
We are now also thinking about accepting Darkcoin payments (work in progress).

So now i can pay through Darkcoin.

Not yet, they are thinking about adding Darkcoin as a way to pay for hashpower.

How much time it may take? I think more option of payment is helpful for us.

To be honest, I would hold on to your DRK coins for now and wait until the masternodes are up and working properly as I feel that the price of a DRK coin will rise. It rises each time they implement the masternode system and then because of problems, the price falls again, but it is hanging around a constant level and I feel that the developers are almost at the point now where the next time they get it working, it will work without problems. We shall see

Topic: Genesis-mining.com || World's leading hashpower provider! - page 233. (Read 400190 times)