Genesis-mining.com || World's leading hashpower provider! - page 69.

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: IanFoxley on October 26, 2015, 10:21:53 AM

Also just want to add what Wintermule has posted and that is that alot of customers would have got a 5% discount on their X11 contracts so infact purchasing 100 MH/s or more was eqv of 18 USD per MH/s

Yeah, 5% because they are old customers and had contracts that already have been cancelled and haven't ROI anything (I'm the living prove of this)

I won't fall for this again for sure.

Stay far away from GM. They are only mining for themselves.

I see it this way. The rull is I will mine one way or a other.

One of my GM accounts has 6.3 TH/s and 2.0 MH/s
If i want to have the same mining power i need to buy hardware right? Expensive hardware,..and i have to pay 23.5Euro cent for 1 Kilowatt / hour.
This will mine negative, i will lose after buying hardware maybe 10~12 euro`s a day on power bills.

Whit GM, i get my cloudmining $cost, and after that i got income thats eating the startup cost.

So GM is absolutely the best option for me.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

The 5th webinar has now finished.

If you have not seen it, you can watch a recording of it here.
https://youtu.be/RgmGDcDeFc4?t=10m30s

Thanks for your interest

Genesis Mining.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

We are excited to announce that our next live webinar will take place today, in a few hours (check out local times at the bottom of the post or click on the event).

During this webinar, we'll release a video of our latest X11 farm, answer all your X11 questions, and release exclusive pictures of our latest campaign to raise awareness for Bitcoin.

Click here if you want to join us: https://plus.google.com/u/0/events/c6dd24808la1ebfciavd24c3i28

If you would like to get some questions answered, please email us to [email protected] or tweet @GenesisMining on twitter.

Look forward to seeing you there!

Marco Streng

Local times:
• 3 pm EST (Eastern Standard Time, US), 26. Oct
• 4 pm BST (Brasília Time), 26. Oct
• 8 pm CET (Central European Time), 26. Oct
• 3 am CTZ (China Time Zone), 27. Oct

IanFoxley

legendary

Activity: 910

Merit: 1000

Also just want to add what Wintermule has posted and that is that alot of customers would have got a 5% discount on their X11 contracts so infact purchasing 100 MH/s or more was eqv of 18 USD per MH/s

Wintermute

full member

Activity: 178

Merit: 100

Quote from: taino on October 26, 2015, 07:47:56 AM

Hehe, I wanted to set the payouts to X11 coins instead of auto BTC, but the system automatically resets the setting to auto BTC.

Today I received 17000 satoshis for the 1MHs X11 mining power. I also bought this as a test so thank God I haven't invested more in the accelerated ROI scheme they advertised to tempt people to buy X11 power. I'm glad I can help the company reach an accelerated ROI.

See my points above. Payouts are in line with what you can expect. It is hardly GM's fault if X11 is doing a bit weaker at the moment. Let's see how this plays out in the long run.

Wintermute

full member

Activity: 178

Merit: 100

Quote from: taino on October 24, 2015, 05:52:57 AM

Quote from: Wintermute on October 23, 2015, 04:27:14 AM

Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?

Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

What do you think?

My thoughts:

1) The X11 payouts of GM are in line with what you can expect according to other sites, e.g., nicehash. So GM payouts are in line with the market.

2) GM paid BTC 0.007066 in total for the first 26 days. So if the average stays the same, the total payout is about BTC 0.099, or about USD 28.3 by today's prices. That means a profit of 15%; and with a larger contract ($19 per MH/s) about 27% profit.

3) Calculation by today's Bitcoin prices: one MH/s diamond (the most efficient) costs $19, or BTC 0.0667.

Based on 26 days payouts: total income = BTC 0.0992 (expected profit of 49%)
Based on the 23,000 Satoshi: total income = BTC 0.084 (expected profit of 26%)

This means that the contracts would be very profitable. Of course this means that the attractiveness of X11 coins has to stay the same, but this is something everyone buying a X11 contract should know anyway.

I believe in the X11 coins (in particular the value of Dash), so I regret to not have upgraded before they stopped selling.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: taino on October 26, 2015, 07:47:56 AM

Hehe, I wanted to set the payouts to X11 coins instead of auto BTC, but the system automatically resets the setting to auto BTC.

Do you have receiving addresses for both Dash or Startcoin entered in the interface? If you do not, you need to enter some in or else you can not get payouts in those coins.

taino

newbie

Activity: 22

Merit: 0

Hehe, I wanted to set the payouts to X11 coins instead of auto BTC, but the system automatically resets the setting to auto BTC.

Today I received 17000 satoshis for the 1MHs X11 mining power. I also bought this as a test so thank God I haven't invested more in the accelerated ROI scheme they advertised to tempt people to buy X11 power. I'm glad I can help the company reach an accelerated ROI.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: IanFoxley on October 24, 2015, 06:15:06 AM

Quote from: taino on October 24, 2015, 05:52:57 AM

Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?

Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

The only solution can be if I change the payout from BTC(auto) to some X11 coins and value of those coins will rise in the future...

What do you think?
[/quote]

Yes might be an idea, to mine some Start and Dash and hold them and then sell them when price is high etc.. might help you make ROI. Like most things Crypto, though it is a risk.
But as you purchased 1MH/s it might be worth the risk.

[/quote]

I really do not understand why you people stubbornly keep sending money to Genesis Mining when you know none of their products brings profit. NONE.

After you do, you complain here how payouts are shit and you ll never reach ROI. I tested them with my own money, it s been a year and I have not reached ROI and wont do it, ever. But I dont go back to them and send more.

Stop supporting companies which bring profit only for them.

elrippo

legendary

Activity: 1008

Merit: 1001

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Up to 10/23/2015...if the BTC price stays at this level for the next 2 years I could ROI. As of today my ROI for this contract is 711 days.

unitedminers

full member

Activity: 241

Merit: 100

Quote from: taino on October 24, 2015, 05:52:57 AM

Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

The only solution can be if I change the payout from BTC(auto) to some X11 coins and value of those coins will rise in the future...

What do you think?

How about building an X11 miner by yourself? Would it be possible to get ROI within 1 year and which GPU would you prefer?

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: taino on October 24, 2015, 05:52:57 AM

Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?
[/quote]

Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

The only solution can be if I change the payout from BTC(auto) to some X11 coins and value of those coins will rise in the future...

What do you think?
[/quote]

Yes might be an idea, to mine some Start and Dash and hold them and then sell them when price is high etc.. might help you make ROI. Like most things Crypto, though it is a risk.
But as you purchased 1MH/s it might be worth the risk.

taino

newbie

Activity: 22

Merit: 0

[/quote]

Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?
[/quote]

Don't regret it, I just bought 1MHs X11 for 0.086BTC. My first whole day payout was 25000 satoshis, then 23000, and now 20000 satoshis. I suppose the reason behind the decreasing payouts is the rising Bitcoin value.

But if I count with an average 23000 satoshis per day I need 374 days to get my investment back and the contracts are for one year. So this way I don't expect any profit but a loss.

The only solution can be if I change the payout from BTC(auto) to some X11 coins and value of those coins will rise in the future...

What do you think?

Wintermute

full member

Activity: 178

Merit: 100

Quote from: Genesis-Mining on October 22, 2015, 08:06:59 AM

Hi Genesis Mining community.

Unfortunately we have now sold out of X11 hashpower. It was very popular and it went quite fast.

Please look out for announcements in the future, for when we will have some more X11 hashpower.

Regards

Genesis Mining

Too bad, I wanted to upgrade over the weekend. ROI wise it is an interesting product and Dash is a good X11 coin. Not too surprised to see that it is sold out Sad

Any chance it will be back anytime soon?

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Up to 10/21/2015...still tracking with the BTC price.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Hi Genesis Mining community.

Unfortunately we have now sold out of X11 hashpower. It was very popular and it went quite fast.

Please look out for announcements in the future, for when we will have some more X11 hashpower.

Regards

Genesis Mining

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: Genesis-Mining on October 21, 2015, 05:49:53 AM

We are excited to announce our next live webinar will take place next Monday, October 26th at 3pm EST.

During this webinar, we'll release a video of our latest X11 farm, answer all your X11 questions, and release exclusive photos of our latest campaign to raise awareness for Bitcoin.

If you want questions answered, please email us at [email protected] or tweet @GenesisMining on twitter.

Look forward to seeing you there!

PS: Our good friends Max Keiser and Simon Dixon have
launched a new Ethereum Mining Backed Security Fund! This is the first time of Ethereum Mining in large scale! We are proud to say we'll be the company providing the mining power for this exciting project. There is only few days remaining to fund the project. Click http://tinyurl.com/pgeg6vt to check it out!

Will be there! Love that Guy !! (Max Keiser)

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Up to 10/20/2015...

Genesis-Mining

sr. member

Activity: 430

Merit: 250

We are excited to announce our next live webinar will take place next Monday, October 26th at 3pm EST.

During this webinar, we'll release a video of our latest X11 farm, answer all your X11 questions, and release exclusive photos of our latest campaign to raise awareness for Bitcoin.

If you want questions answered, please email us at [email protected] or tweet @GenesisMining on twitter.

Look forward to seeing you there!

PS: Our good friends Max Keiser and Simon Dixon have
launched a new Ethereum Mining Backed Security Fund! This is the first time of Ethereum Mining in large scale! We are proud to say we'll be the company providing the mining power for this exciting project. There is only few days remaining to fund the project. Click http://tinyurl.com/pgeg6vt to check it out!

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