Genesis-mining.com || World's leading hashpower provider! - page 246.

marife01

full member

Activity: 162

Merit: 100

Quote from: Genesis-Mining on May 15, 2014, 12:50:56 AM

At the moment its best to contact us via email, we are still enhancing the customer service side of our operations.

Prices dropped! Start mining at 0.14usd per Kh/s per year!
Existing customers got compensation hashpower on top - for free!

Nice, online chatting would be great in my opinion.
Also good to know the price dropped.

Daniel007

full member

Activity: 122

Merit: 100

Quote from: IanFoxley on May 20, 2014, 06:48:27 AM

Quote from: aasl on May 20, 2014, 06:19:50 AM

good to have a vote!

If you follow them on Facebook and like their page then you can view their posts and also keep up to date etc.
They have a poll up on Facebook at the moment allowing you to vote on which coins to add next.

Just like their page on Facebook. It seems they are active on Facebook. I also voted for my favorite coin that i want to add.

aasl

sr. member

Activity: 476

Merit: 250

Quote from: Genesis-Mining on May 22, 2014, 12:40:41 PM

Quote from: aasl on May 22, 2014, 11:49:15 AM

genesis-mining is registered/located in bermuda? according to the user agreement, the address is

Genesis Mining LTD, 3rd Floor, Par La Ville Place, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda

Yes, thats right! We chose Bermuda because of 0% VAT which allows us to offer such cheap prices to our clients!

0% of VAT is nice!

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: aasl on May 22, 2014, 11:49:15 AM

genesis-mining is registered/located in bermuda? according to the user agreement, the address is

Genesis Mining LTD, 3rd Floor, Par La Ville Place, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda

Yes, thats right! We chose Bermuda because of 0% VAT which allows us to offer such cheap prices to our clients!

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: Genesis-Mining on May 22, 2014, 12:34:52 PM

Quote from: ranlo on May 21, 2014, 02:37:39 PM

Quote from: Genesis-Mining on May 21, 2014, 06:19:10 AM

As you can see we are using portfolio optimization and advanced trading algorithms to mine the most profitable altcoin portfolio every time and liquidate it for best prices and execution time to bitcoin.

Since the past 2 weeks a lot has improved and we are launching the same automine and autotrade functionality for Litecoin and Dogecoin as payout as well. In these scenarios you will mine the most profitable portfolio of altcoins and liquidate it to Litecoin or Dogecoin respectively.

We will soon explain this in more detail since there are tutorials coming soon on the homepage! Stay tuned!

This is awesome news! Can you also add an "average" earning per 24h/7d period on the site? Like for DOGE it would show about how much you'd have earned over the past day/week if you had bought a contract of 1 MH/s. It would help better evaluate the decision of buying one.

Good Point! Thank you! You will see this update soon! So far all users can see every past payout in their "Transactions" window!

Thank you as well. Just to confirm, the one I was talking about would be public (for non-members) as well. More or less so we could hit the site and say "hmm, over the past week it would have pulled 25000 DOGE. Time to buy up some contracts!"

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: ranlo on May 21, 2014, 02:37:39 PM

Quote from: Genesis-Mining on May 21, 2014, 06:19:10 AM

As you can see we are using portfolio optimization and advanced trading algorithms to mine the most profitable altcoin portfolio every time and liquidate it for best prices and execution time to bitcoin.

Since the past 2 weeks a lot has improved and we are launching the same automine and autotrade functionality for Litecoin and Dogecoin as payout as well. In these scenarios you will mine the most profitable portfolio of altcoins and liquidate it to Litecoin or Dogecoin respectively.

We will soon explain this in more detail since there are tutorials coming soon on the homepage! Stay tuned!

This is awesome news! Can you also add an "average" earning per 24h/7d period on the site? Like for DOGE it would show about how much you'd have earned over the past day/week if you had bought a contract of 1 MH/s. It would help better evaluate the decision of buying one.

Good Point! Thank you! You will see this update soon! So far all users can see every past payout in their "Transactions" window!

aasl

sr. member

Activity: 476

Merit: 250

genesis-mining is registered/located in bermuda? according to the user agreement, the address is

Genesis Mining LTD, 3rd Floor, Par La Ville Place, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda

martinnew

full member

Activity: 153

Merit: 100

Those updates are good additions.
It will be interesting to know which coins are getting more votes. Any update about that?

aasl

sr. member

Activity: 476

Merit: 250

this is great!

jdebunt

legendary

Activity: 1596

Merit: 1010

New Genesis-Mining article is up on CryptoArticles.com

http://www.cryptoarticles.com/crypto-news/2014/5/22/genesis-mining-vote-for-coins-to-be-added-more-features-announced#

Share it please

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: Genesis-Mining on May 21, 2014, 06:19:10 AM

As you can see we are using portfolio optimization and advanced trading algorithms to mine the most profitable altcoin portfolio every time and liquidate it for best prices and execution time to bitcoin.

Since the past 2 weeks a lot has improved and we are launching the same automine and autotrade functionality for Litecoin and Dogecoin as payout as well. In these scenarios you will mine the most profitable portfolio of altcoins and liquidate it to Litecoin or Dogecoin respectively.

We will soon explain this in more detail since there are tutorials coming soon on the homepage! Stay tuned!

This is awesome news! Can you also add an "average" earning per 24h/7d period on the site? Like for DOGE it would show about how much you'd have earned over the past day/week if you had bought a contract of 1 MH/s. It would help better evaluate the decision of buying one.

ellen_me

full member

Activity: 158

Merit: 100

Quote from: IanFoxley on May 20, 2014, 10:04:49 AM

Just wanted to say thanks to Genesis Mining and their great support.

I purchased 1Mhash one evening and the next day the price had fallen slightly.
I contacted their support team and they have dealt with it superbly, with an upgrade of 800khash, which was above and beyond what I was expecting.

Was a lovely surprise.

Thanks Genesis Mining.

You guys are great!

Nice, keep it up. Wink

IanFoxley

legendary

Activity: 910

Merit: 1000

Cool

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: IanFoxley on May 19, 2014, 12:43:16 PM

Quote from: ranlo on May 19, 2014, 12:12:57 PM

Quote from: IanFoxley on May 19, 2014, 04:45:23 AM

You can mine LTC or doge directly but you can also set it to mine, a bit like a multipool, where it will mine the most profitable scrypt coins and then pay you each day as BTC.

Today I had an update to the interface so I can also choose to allocate hash power to Lotto Coins, Feather Coins, Auroracoins as well if you just want to mine those.

Wait, so the automatic mode is a multipool with more coins? I was under the impression it just meant it would mine either LTC or DOGE, depending on which was more profitable at the time.

If you choose the BTC mode, then they mine the most profitable scrypt coins on your behalf and then each day they send you that as a BTC payment.
But it works a bit like a multipool, in that they mine those coins and then each day will convert it to BTC and then send you that as a payment.

Then you have options to choose if you just want to mine Doge, LTC, Auroracoin, FTC etc and you can assign your hash to each. So for example I could choose to have 300khash on Doge, 200khash on LTC and then the rest on Auroracoin for example. Whatever suits a person best really.

More info about coins etc that will be added in this interview.
http://www.cryptoarticles.com/crypto-news/2014/5/18/genesis-mining-start-mining-for-as-low-as-14-cents-per-kilohash-bitcoin-2014-interview#

Thank you for clarifying this IanFoxley! It's in fact a 3rd generation multipool! I found a picture from a talk of our CEO given at the Amsterdam Bitcoinference 2 months ago that briefly shows the idea behind the system:

As you can see we are using portfolio optimization and advanced trading algorithms to mine the most profitable altcoin portfolio every time and liquidate it for best prices and execution time to bitcoin.

Since the past 2 weeks a lot has improved and we are launching the same automine and autotrade functionality for Litecoin and Dogecoin as payout as well. In these scenarios you will mine the most profitable portfolio of altcoins and liquidate it to Litecoin or Dogecoin respectively.

We will soon explain this in more detail since there are tutorials coming soon on the homepage! Stay tuned!

aasl

sr. member

Activity: 476

Merit: 250

Quote from: IanFoxley on May 20, 2014, 10:04:49 AM

Just wanted to say thanks to Genesis Mining and their great support.

I purchased 1Mhash one evening and the next day the price had fallen slightly.
I contacted their support team and they have dealt with it superbly, with an upgrade of 800khash, which was above and beyond what I was expecting.

Was a lovely surprise.

Thanks Genesis Mining.

You guys are great!

good!

IanFoxley

legendary

Activity: 910

Merit: 1000

Just wanted to say thanks to Genesis Mining and their great support.

I purchased 1Mhash one evening and the next day the price had fallen slightly.
I contacted their support team and they have dealt with it superbly, with an upgrade of 800khash, which was above and beyond what I was expecting.

Was a lovely surprise.

Thanks Genesis Mining.

You guys are great!

aasl

sr. member

Activity: 476

Merit: 250

if let users specify their preferred pools, it seems to be much better and more flexible.

ellen_me

full member

Activity: 158

Merit: 100

Quote from: Genesis-Mining on May 20, 2014, 01:42:27 AM

Big update!

- Added the user poll for the next weeks coin additions
- Added a pic of us at the Bitcoin Conference Amsterdam 2014
- Updated the FAQ with recent questions
- Media coverage updated with the Bitcoin Conference Amsterdam 2014 Interview with Jan

Vote the next coins to be added!

I really like this idea. Cheesy

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: aasl on May 20, 2014, 06:19:50 AM

good to have a vote!

If you follow them on Facebook and like their page then you can view their posts and also keep up to date etc.
They have a poll up on Facebook at the moment allowing you to vote on which coins to add next.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: Nathan101 on May 20, 2014, 06:35:54 AM

Quote from: Genesis-Mining on May 19, 2014, 03:47:35 AM

Hey all, to catch up on the recent posts:

We do not mine btc! We are only mining scrypt coins and only offering this service at the moment. We are looking into options to add other algo's like X11 aswell, but other things are priorized higher on our list right now.
Also on our list, but also on lower prio right now, is the possibility to add your own pools you want to have the hashpower pointed to.

For both we have no ETA at all right now, but we will publicly state as soon as we have progress.

It would be better if we can mine other major cryptocurrencies beside LTC and Doge. I hope you will add them soon. Do you mean that i can add my own pools?

From the revised FAQ at the top of the page.

Q: Are you going to add the option of adding own pools to point the hashpower to?
A: This is something we have on our consideration list, but at the moment its got a lower priority than other things so we have no ETA at all

Topic: Genesis-mining.com || World's leading hashpower provider! - page 246. (Read 400219 times)