Topic: Genesis-mining.com || World's leading hashpower provider! - page 36. (Read 400228 times)

Halving reached. What is the current situation for the miners?

Still a ROI of around 600 Days.
And that does not consider the inevitable increasing difficulty.
I see little to no way how it could be profitable.
Even if you would cut the prices by 50%.

Or did I miss something?

The banks in The Netherlands only give like 0.9% yearly and in Belgium has ~0.11%. The highest rate in Europe is The Kentbank (Kroatië) whit 1,3%.
(This rates are based so you can withdraw any moment, if you want to give that up i find banks that can do 2,75% yearly, but they hold your cash for 10 years!)

Do do not believe a normal bank on this planet has 20% interest buddy.

if price of altcoins stay the same after 2 years you could profit 20%. I believe banks give 20% interest  yearly.
Appears having our money in banks yields more profit and has more security than GM.

Thanks for the Upgrade Genesis Mining  

Hello miners!
 
Happy 4th of July independence day to our American clients and happy start of July to all the others : )
 
We just wanted to send a brief note to update you on a big change in our one year X11 contracts.

When new hardware arrives on the market it is of uttermost importance for us to give you, our valuable client, access to it as soon as possible. New hardware means an efficiency edge over the competition and we want to ensure that you are the first ones that benefit from it.
 
So when we heard about brand-new X11 ASIC we rushed to get machines as fast as possible in our mining farms. There is no other business in the market that was able to offer this kind of deal so fast. The downside of moving that quickly was that we could not thoroughly test the hardware until now and therefore were conservative in our lifetime estimation.
 
After testing a larger batch over a longer period of time we are happy to announce that we can upgrade all of our ASIC X11 clients from one year to two year contracts. The electricity cost for the second year will be free of charge, as well. Thank you for putting your trust in us!
 
If you have any questions, please contact our customer support team HERE.
 
On another note, as you saw we recently launched our X11 contracts again and they have sold FASTER than any other contract we've ever launched. We expect to be entirely sold out once again in the upcoming days so if you plan on purchasing a contract, it would be best to do so now.
 
CLICK HERE TO BUY YOUR X11 CONTRACT!
 
Have a great month ahead!
 
Marco Streng

you guys provide any refund? lol after buying $20 dollars contract as 2MH/s X11 I get $11 dollars after 1 year.
Would like to have a refund and just was a test to see how you really payout so that I can think about large investment, but apparently
Nope it is for me

Refund would be great.

I think mainly user must know about what currency running on which script because in market every currency have certain value of exchange compare to local currency.

apparently the mathmatically challenged customer must just enjoy that warm fuzzy feeling they get when
they see the dust land in their wallet everyday.

These cloud mining are actually for people who are bad in math I did not say that.a guy who made a computation about this cloud mining plan and you really can tell that's true if you know how to use a calculator..

Whoehoee X11 is back!!

I might as well buy a land, plant sweet potatoes and sell the greens and the tubers for profit than invest for a loss of time and money?

X11? Let's see.

10 MH/s for $100

According to whattomine.com 10 MH/s could bring $0.19 / Day.
So $5.70 / Month and $68.4 per Year.

= $31.6 loss.

..

And please don't fullquote from the website. we all can read 

Is this worth buying? What is X11 and what is their ASIC technology?

http://blog.genesis-mining.com/x11-contracts-are-back-with-a-huge-discount

A few months ago, we ran out of X11 contracts and every day, we received more and more emails from customers asking when they would be able to buy X11 contracts again. Well, the day has finally come! X11 is back and better than ever! Our new X11 mining will feature brand new ASIC technology that no other mining company is using.
 


What does this mean for you? BETTER efficiency and BETTER prices! Head over to our pricing page to check out the new deals. Please note, this will be a limited offer and will be offered strictly on a first come, first serve basis.
 

The new pricing will be as follows:
Gold: 2 MH/s for 20 USD, Platinum: 50 MH/s for 450 USD, Diamond: 200 MH/s for 1,600 USD.
 

What is X11?

There are other cryptocurrencies besides Bitcoin that are climbing to new heights steadily. For example Dash and Startcoin. These coins often use a different mining algorithm than bitcoin, called X11.
 

What Coins can I mine?

With X11 we offer the “Genesis Mining Advanced Autotrader”, which mines the most profitable X11 Cryptocurrency and automatically converts the profits to Bitcoin, which you receive daily. This is a very cost efficient way of mining different coins. We call it “mining Bitcoin the smart way”.

If you want to purely mine a X11 currency like Dash, you just have to set up a contract and a designated wallet and you will start to receive payouts in that cryptocurrency. Here’s an overview of our coin catalogue with their current market cap and price information: Dash, Startcoin, Litecoin, Dogecoin, Peercoin and Namecoin.
 

Start X11 Mining now!
To the moon we go!


PS. Bitcoin and Ethereum have had an eventful past couple of weeks and we hope as a customer you are reaping the benefits of this rapid increase in price. In an upcoming post we will offer our comments on the current events taking place in the industry. Thanks for sticking with us!

I had a look at your images.

You wrote that you bought the hashpower  last year but the pictures show as if you bought in February, so perhaps you have bought another contract earlier as well so image of 75 USD earning so far is all your earnings for all of your contracts in total since you bought the first one. I gather you must have more than one contract in your account.

If you did buy one earlier, how much did you pay for that as you would have to take in to consideration that one too in regards to your total USD payout.

If you bought with BTC, then its always best to say that ROI is made when you get the same amount of BTC that you put in, that is how I do it anyway.

If you bought your contract with a Debit or Credit Card and paid in USD or EUR, then ROI is normally when you at least get the same amount of EUR of USD back.

From my own experience, as I do a thread where I show daily payouts based on different fees etc, what I do is purchase a test amount of hashpower whenever they lower prices or maintenance fees I have the following stats for a contract bought in February.

I purchased 100 GH/s which goes to this wallet address every day. This is the wallet the payouts go to and only GM payouts.

12ezaLtrcJ8e3Ax2HgNG15pTemU6v3rRHE            

0.02268069 BTC is the total amount I have been paid in it since February.

The contract cost BTC  0.043 which was paid to this address 181anT8ehFbj48pkCqwdTcTYq3cFRiByGN

So at this time my ROI so far for that contract is just over 50%, so I think going by that, you must have other contracts too so you really need to work out the price you have paid for all your contracts and then work out if you have got all your BTC back.

well i got pics... how do i upload here?
https://drive.google.com/open?id=0B-uRJTgMhikRMlJWM2FwVVNSWmM
https://drive.google.com/open?id=0B-uRJTgMhikRTjFTek45WFhTNTA
does this work?

i thought same thing. they must be bsing haha. or they won the bounty for proving ROI from genesis! ;;;p

I call bs, your contract would have been cancelled or dust by now.

Hello all, i invested in GM 66$ in total, last year.
Up untill now i earned 76$ dollars... For such a small investment... I think a year for ROI is fine...

yupp. wow im so happy im not the only one who sees it. they silence me everywhere, and i fear noobs being sucked in alot ;(

btw their site now boasts "200'000" customers

Correct.
They utilize social media where they can easily edit or delete that don't fit the narrative. They can easily just push you off with, 'open a support ticket', as well.
The FB feed is always the same. They pump and pimp out new stories involving them and the comments are followed by artificial promoters. Then the support questions usually follow because a lot of customers still have problems with GM's products.

GM will keep getting away with it because they exploit international contract terms and law.
People on social media won't be doing do any due diligence before they signup and buy something new and shiny from them.