X11 took a hit last 2 payouts..damn.
But why is the question
If you think it is a joke, then do not mine.
Ian seriously. I don't understand why you are always so supportive to Genesis Mining.
I'm almost sure you work for them lol.
Topic: Genesis-mining.com || World's leading hashpower provider! - page 61. (Read 400197 times)
But why is the question
If you think it is a joke, then do not mine.
Ian seriously. I don't understand why you are always so supportive to Genesis Mining.
I'm almost sure you work for them lol.
Up to 11/27/2015...
Nowadays, its better to invest in some peer based cloudmining services like Nicehash, Mining Rig Rentals etc. You pay for GH/s according to your will (especially when Bitcoin price "nearly" skyrockets or mine some profitable altcoins and exchange them for BTC). One more advantage is that, you can control your pool since you can configure your preferred pool in no time!. BTW, I wish GM gets successful with their X11 contracts as it's the most profitable contract right now in my opinion.
I do not agree. Last time I checked it was not possible to rent a rig for a year. And when the price for a coin goes up, so does the short-term price for renting. So ROI wise this is a bad deal.
With GM I have one price for a long period of time, independent of the price of the underlying coins. My X11 investment is going very well, so far - and I do not know any other service that even comes close to the offer of GM.
Nowadays, its better to invest in some peer based cloudmining services like Nicehash, Mining Rig Rentals etc. You pay for GH/s according to your will (especially when Bitcoin price "nearly" skyrockets or mine some profitable altcoins and exchange them for BTC). One more advantage is that, you can control your pool since you can configure your preferred pool in no time!. BTW, I wish GM gets successful with their X11 contracts as it's the most profitable contract right now in my opinion.
I have been observing outputs from GM against the outputs that I have from a physical miner (on a PPS model). I am beginning to question the rate of returns of GM.
I am tracking their payouts for a long time, and found them to be reasonable (with slight variations, which are to be expected).
It helps if you back up your vague accusations with data: date, coin/algorithm, hashrate, maintenance fee.
I guess I got in when they were up and then doubled up because it was good. Now with double I'm getting less than when I got in which seems wrong.
how do you guys mine the x11? Auto or pick a coin and do it yourself?
How variable is the x11? Does anyone know how GM determines what they are mining and when they switch coins?
Thanks
Fahlcor
I actually just leave it on BTC (AUTO) although I do have some hashpower mining Start and Dash just to get an idea of what payouts are with those coins.
I have been observing outputs from GM against the outputs that I have from a physical miner (on a PPS model). I am beginning to question the rate of returns of GM.
I am tracking their payouts for a long time, and found them to be reasonable (with slight variations, which are to be expected).
It helps if you back up your vague accusations with data: date, coin/algorithm, hashrate, maintenance fee.
I guess I got in when they were up and then doubled up because it was good. Now with double I'm getting less than when I got in which seems wrong.
how do you guys mine the x11? Auto or pick a coin and do it yourself?
How variable is the x11? Does anyone know how GM determines what they are mining and when they switch coins?
Thanks
Fahlcor
I have been observing outputs from GM against the outputs that I have from a physical miner (on a PPS model). I am beginning to question the rate of returns of GM.
I am tracking their payouts for a long time, and found them to be reasonable (with slight variations, which are to be expected).
It helps if you back up your vague accusations with data: date, coin/algorithm, hashrate, maintenance fee.
I have been observing outputs from GM against the outputs that I have from a physical miner (on a PPS model). I am beginning to question the rate of returns of GM.
X11 took a hit last 2 payouts..damn.
But why is the question
If you think it is a joke, then do not mine.
BTC (AUTO) works by mining X11 coins and then they are traded and to BTC. If those X11 coins are not doing so well against BTC in regards to their value, then price falls.
If you look in the last week for example, Dash coin prices were in a pump so you got more BTC for your coins and now Dash has fallen again so that is why payouts go down.
Perhaps sometimes it might be better to mine Dash or Start coin on their own and hold them and then wait for their values to go up and then sell...
That choice is upto you though.
X11 took a hit last 2 payouts..damn.
But why is the question
If you think it is a joke, then do not mine.
BTC (AUTO) works by mining X11 coins and then they are traded and to BTC. If those X11 coins are not doing so well against BTC in regards to their value, then price falls.
If you look in the last week for example, Dash coin prices were in a pump so you got more BTC for your coins and now Dash has fallen again so that is why payouts go down.
Perhaps sometimes it might be better to mine Dash or Start coin on their own and hold them and then wait for their values to go up and then sell...
That choice is upto you though.
X11 took a hit last 2 payouts..damn.
But why is the question
If you think it is a joke, then do not mine.
X11 took a hit last 2 payouts..damn.
But why is the question
If you think it is a joke, then do not mine.
X11 took a hit last 2 payouts..damn.
But why is the question
Well theses forums are a wealth of information.
I am sure you will find your answer in it somewhere.
For example with BTC (AUTO) and X11 you are getting a payout from profitable X11 coins to BTC.
When those coins are in a pump and their prices are good against BTC, then you get more BTC each day and when their not doing so well or are being dumped then you get less BTC each day.
If you are mining those coins directly then when mining, payouts will always vary every day based on difficulty of those coins and the network hashrate at the time.
So read up about those things so you can understand why payouts are how they are.
X11 took a hit last 2 payouts..damn.
But why is the question
X11 took a hit last 2 payouts..damn.
But why is the question
X11 took a hit last 2 payouts..damn.
Wow - Guys had some segnificant Payout Drops today of quit up to 20% of yesterday :/
This is tuff for me and if this stays like this i might think iam out of the Bitcoin Game with genesis mining
The Drop outs are anyways not responsable to the Bitcoin Course. That cant be truth that 5€ downing of the actuall Course of Bitcoin is tha Reason that the Payout drops simply about 25% which means 0.01 BTC (daily)
Do you Guys think the difficulty fucks everything up or why the fuck are the Paysouts from GM droping like shit without any Reason. Would be great to know or hear any suggest.
regards
lama-hunter
This is tuff for me and if this stays like this i might think iam out of the Bitcoin Game with genesis mining
The Drop outs are anyways not responsable to the Bitcoin Course. That cant be truth that 5€ downing of the actuall Course of Bitcoin is tha Reason that the Payout drops simply about 25% which means 0.01 BTC (daily)
Do you Guys think the difficulty fucks everything up or why the fuck are the Paysouts from GM droping like shit without any Reason. Would be great to know or hear any suggest.
regards
lama-hunter
Yes me to, but two payouts came close after a other. So i do not worry about that.
Okayokay lets wait up for tommorow - Maybe the Payment of tommorow will be better i dont know so far. Anyways you guys have any concret reviews how much u earned by 20mh/s x11 Mining Power?
Would be great to know or to hear about
I will also post how it goes ion with the normal hashrate out there on GM.regards
lama-hunter
many tanks for your reply...
but as much I searching and learning online and with your help with answer I can say now that with mining profit is poor and very risky... I will not bother if is slow earnings .. but after all calculation mining become to much risky... will not even bother if is risky and if we can make good ROI ... but you see my point? hight risk/low earnings ... what you thing ??
sorry for my english ..I am not the best
It is well known that mining is risky. And so is Bitcoin. Thus, the same rule applies:
"do not invest more than you can afford to lose"
Everyone has his own expectations about the future and will act accordingly. My sha contract for example was profitable. I have invested recently some money in X11 because prices and hashrate are relatively stable and if this continues I will make a profit, as well.
Also with GM you have the option to mine different coins. By the way it would be great if you guys could add Ethereum, as well!
How well does the direct mining work? I have only left it on auto as I don't want to deal with the exchanges. What does GM mine on x11 anyways? Do they move from coin to coin for profitability or? I have not see anything about the x11 process and what they are mining.
Thanks
Fahlcor
So a few days back I purchased another 1 Mhash of x11 bso I expected the first day to be lower due to the fee and maybe a full payout on the second day but I seems small. I don't think the difficulty on SHA should have anything to do with the difficulty going up.
Is the x11 mining more volatile than the SHA?
GM support is there some light you can shed on how this works? I won't be purchasing more until there is something. Even a PM with info would be great. Or a link to the site that says as I can't find any real details about this.
Thanks
Fahlcor
Like the paragon of transparency (according to himself only) that runs this outfit said; this thread is for official announcements and self-congratulations only. Well, maybe the occasional referral whore as well.
Payout´s heading for the dumps again. Another 20% drop in 12 days when the next difficulty increase hits.
many tanks for your reply...
but as much I searching and learning online and with your help with answer I can say now that with mining profit is poor and very risky... I will not bother if is slow earnings .. but after all calculation mining become to much risky... will not even bother if is risky and if we can make good ROI ... but you see my point? hight risk/low earnings ... what you thing ??
sorry for my english ..I am not the best
It is well known that mining is risky. And so is Bitcoin. Thus, the same rule applies:
"do not invest more than you can afford to lose"
Everyone has his own expectations about the future and will act accordingly. My sha contract for example was profitable. I have invested recently some money in X11 because prices and hashrate are relatively stable and if this continues I will make a profit, as well.
Also with GM you have the option to mine different coins. By the way it would be great if you guys could add Ethereum, as well!
How well does the direct mining work? I have only left it on auto as I don't want to deal with the exchanges. What does GM mine on x11 anyways? Do they move from coin to coin for profitability or? I have not see anything about the x11 process and what they are mining.
Thanks
Fahlcor
So a few days back I purchased another 1 Mhash of x11 bso I expected the first day to be lower due to the fee and maybe a full payout on the second day but I seems small. I don't think the difficulty on SHA should have anything to do with the difficulty going up.
Is the x11 mining more volatile than the SHA?
GM support is there some light you can shed on how this works? I won't be purchasing more until there is something. Even a PM with info would be great. Or a link to the site that says as I can't find any real details about this.
Thanks
Fahlcor
Like the paragon of transparency (according to himself only) that runs this outfit said; this thread is for official announcements and self-congratulations only. Well, maybe the occasional referral whore as well.
many tanks for your reply...
but as much I searching and learning online and with your help with answer I can say now that with mining profit is poor and very risky... I will not bother if is slow earnings .. but after all calculation mining become to much risky... will not even bother if is risky and if we can make good ROI ... but you see my point? hight risk/low earnings ... what you thing ??
sorry for my english ..I am not the best
It is well known that mining is risky. And so is Bitcoin. Thus, the same rule applies:
"do not invest more than you can afford to lose"
Everyone has his own expectations about the future and will act accordingly. My sha contract for example was profitable. I have invested recently some money in X11 because prices and hashrate are relatively stable and if this continues I will make a profit, as well.
Also with GM you have the option to mine different coins. By the way it would be great if you guys could add Ethereum, as well!
How well does the direct mining work? I have only left it on auto as I don't want to deal with the exchanges. What does GM mine on x11 anyways? Do they move from coin to coin for profitability or? I have not see anything about the x11 process and what they are mining.
Thanks
Fahlcor
So a few days back I purchased another 1 Mhash of x11 bso I expected the first day to be lower due to the fee and maybe a full payout on the second day but I seems small. I don't think the difficulty on SHA should have anything to do with the difficulty going up.
Is the x11 mining more volatile than the SHA?
GM support is there some light you can shed on how this works? I won't be purchasing more until there is something. Even a PM with info would be great. Or a link to the site that says as I can't find any real details about this.
Thanks
Fahlcor
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