Genesis-mining.com || World's leading hashpower provider! - page 73.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: crazyivan on October 08, 2015, 01:34:02 AM

Quote from: yazx on October 07, 2015, 10:36:23 PM

What happen if contact 1 year x11 expire?

i will get back my btc or no?

Haha, I assume you mean your initial investment. NO, you will not get back your BTC.

Personally 1MH/s is not very profitable although the higher amounts seem to be, naturally because the costs per MH/s decrease, but who knows what will happen with Dash and Startcoin in the future, perhaps they will rise in value and if they do that increases the BTC payout as the BTC payout is based on mining X11 coins and trading them to BTC. Of course payouts can go the other way too and payouts can decrease and unless some huge ass X11 Asics come along in the future and drive up the difficulty then I am hoping payouts will be stable...But this is crypto so who knows.

I noticed that on the X11 mining interface they have added LTC (AUTO) Doge (AUTO) and BTCD (AUTO) as well.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: yazx on October 07, 2015, 10:36:23 PM

What happen if contact 1 year x11 expire?

i will get back my btc or no?

Haha, I assume you mean your initial investment. NO, you will not get back your initial BTC.

BTW, can anyone comment on X11 GM profitability or potential ROI? Since there are no fees, it should depend ONLY on diff and price. I highly doubt this new product is worth of any attention since GM has proven to be nothing but loss for its investors but I still want to ask.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: yazx on October 07, 2015, 10:36:23 PM

What happen if contact 1 year x11 expire?

i will get back my btc or no?

Who knows, it will expire in one year as unlike the SHA 256 lifetime contracts which have a daily fee, electricity costs for X11 contracts are already included in the price you paid.
So even if payouts went to zero and not sure if they could unless Startcoin, Dash and all the other X11 coins die then your contract would carry on anyway, until the year was up.

yazx

member

Activity: 77

Merit: 10

What happen if contact 1 year x11 expire?

i will get back my btc or no?

Glucose

hero member

Activity: 861

Merit: 1001

Quote from: IanFoxley on October 07, 2015, 09:25:58 AM

Payout for GM gone out already...it went out in the early hours this morning.

Let's check tomorrow then. Because today even with the fees, we are supposed to be in profit.

Glucose

hero member

Activity: 861

Merit: 1001

Quote from: julian071 on October 07, 2015, 09:05:44 AM

Quote from: Glucose on October 07, 2015, 07:57:42 AM

Quote from: julian071 on October 07, 2015, 03:37:19 AM

Quote from: Glucose on October 07, 2015, 02:43:48 AM

Has anyone made some calculation... Should 2$ / TH get a payout with the increase of BTC price or is it not enough?

You can always calculate it yourself using a mining profitability calculator like on coinwarz. Just use 41.667 for the power used, and fill in the price of the electricity as follows: 2.00 for 0.20 per GH per day, 1.50 for 0.15 per GH per day, 1.20 for 0.12 per GH per day.

If I use the numbers you give, I'm supposed to be in profit (according to coinwarz). Are you sure about the "power used" number ?

Let's wait and see if GM send something..

Yes I'm sure, you can easily check by verifying that if you enter 1 TH, the daily power costs will be exactly $ 2,-

I do notice however that Coinwarz is using an incorrect BTC price of 258 dollars.

Yes, but I changed it to 245 and was in profit too ;-)

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: julian071 on October 07, 2015, 09:05:44 AM

Quote from: Glucose on October 07, 2015, 07:57:42 AM

Quote from: julian071 on October 07, 2015, 03:37:19 AM

Quote from: Glucose on October 07, 2015, 02:43:48 AM

Has anyone made some calculation... Should 2$ / TH get a payout with the increase of BTC price or is it not enough?

You can always calculate it yourself using a mining profitability calculator like on coinwarz. Just use 41.667 for the power used, and fill in the price of the electricity as follows: 2.00 for 0.20 per GH per day, 1.50 for 0.15 per GH per day, 1.20 for 0.12 per GH per day.

If I use the numbers you give, I'm supposed to be in profit (according to coinwarz). Are you sure about the "power used" number ?

Let's wait and see if GM send something..

Yes I'm sure, you can easily check by verifying that if you enter 1 TH, the daily power costs will be exactly $ 2,-

I do notice however that Coinwarz is using an incorrect BTC price of 258 dollars.

Payout for GM gone out already...it went out in the early hours this morning.

julian071

hero member

Activity: 1132

Merit: 818

Quote from: Glucose on October 07, 2015, 07:57:42 AM

Quote from: julian071 on October 07, 2015, 03:37:19 AM

Quote from: Glucose on October 07, 2015, 02:43:48 AM

Has anyone made some calculation... Should 2$ / TH get a payout with the increase of BTC price or is it not enough?

You can always calculate it yourself using a mining profitability calculator like on coinwarz. Just use 41.667 for the power used, and fill in the price of the electricity as follows: 2.00 for 0.20 per GH per day, 1.50 for 0.15 per GH per day, 1.20 for 0.12 per GH per day.

If I use the numbers you give, I'm supposed to be in profit (according to coinwarz). Are you sure about the "power used" number ?

Let's wait and see if GM send something..

Yes I'm sure, you can easily check by verifying that if you enter 1 TH, the daily power costs will be exactly $ 2,-

I do notice however that Coinwarz is using an incorrect BTC price of 258 dollars.

Glucose

hero member

Activity: 861

Merit: 1001

Quote from: julian071 on October 07, 2015, 03:37:19 AM

Quote from: Glucose on October 07, 2015, 02:43:48 AM

Has anyone made some calculation... Should 2$ / TH get a payout with the increase of BTC price or is it not enough?

You can always calculate it yourself using a mining profitability calculator like on coinwarz. Just use 41.667 for the power used, and fill in the price of the electricity as follows: 2.00 for 0.20 per GH per day, 1.50 for 0.15 per GH per day, 1.20 for 0.12 per GH per day.

If I use the numbers you give, I'm supposed to be in profit (according to coinwarz). Are you sure about the "power used" number ?

Let's wait and see if GM send something..

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Up to 10/6/2015...a bit of a ~~spike~~ rise in BTC and payout.

julian071

hero member

Activity: 1132

Merit: 818

Quote from: Glucose on October 07, 2015, 02:43:48 AM

Has anyone made some calculation... Should 2$ / TH get a payout with the increase of BTC price or is it not enough?

You can always calculate it yourself using a mining profitability calculator like on coinwarz. Just use 41.667 for the power used, and fill in the price of the electricity as follows: 2.00 for 0.20 per GH per day, 1.50 for 0.15 per GH per day, 1.20 for 0.12 per GH per day.

Glucose

hero member

Activity: 861

Merit: 1001

Has anyone made some calculation... Should 2$ / TH get a payout with the increase of BTC price or is it not enough?

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: biggbox on October 06, 2015, 01:32:27 PM

Mind translating the graph?

Quote from: elrippo on October 06, 2015, 12:53:23 PM

You have a timeline, diff, price and the mined coins from my contract, you should be able to work it out Grin

biggbox

sr. member

Activity: 448

Merit: 250

Mind translating the graph?

Quote from: elrippo on October 06, 2015, 12:53:23 PM

elrippo

legendary

Activity: 1008

Merit: 1001

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Up to 10/5/2015...

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: miri94 on October 06, 2015, 03:44:25 AM

Quote from: biggbox on October 05, 2015, 10:35:22 AM

I read some stories on GM unilaterally converted scrypt power to SHA256 power on a 1:1 ratio. Is that true?

we were told that they would stop mining czo profitability being negative for a sustained period of time, or we can exchange 1 MHs to GHs, I did it voluntarily not sure if it was forcibly made for other users

Yes it was voluntarily. I decided to hold out for the whole 20 days knowing full well that because i was not volunteering and if the payouts ended up being negative for 20 days my contract would be terminated and I would not get anything at all, because I did not want to take up the offer.

What happened though was that on the 20th day when I thought I was not going to get anything at all, because i did not take up their offer, they converted everyones hashpower anyway.
So considering i was expecting nothing..then even something was better than nothing.

miri94

member

Activity: 77

Merit: 10

Quote from: biggbox on October 05, 2015, 10:35:22 AM

I read some stories on GM unilaterally converted scrypt power to SHA256 power on a 1:1 ratio. Is that true?

we were told that they would stop mining czo profitability being negative for a sustained period of time, or we can exchange 1 MHs to GHs, I did it voluntarily not sure if it was forcibly made for other users

Serlite

full member

Activity: 172

Merit: 100

Quote from: julian071 on October 05, 2015, 04:13:51 PM

It's about time the 2 dolla / TH contracts get terminated. Maybe they'll partly convert them to X11 ;+D

I think I still have about 1 more day of non-payment before mine gets terminated. Crossing my fingers for a sudden spike in BTC so I get at least 1 DOGE and restart the timer, haha.
It would be cool if they converted it, but probably a pretty unreasonable thing to hope for. =P

julian071

hero member

Activity: 1132

Merit: 818

It's about time the 2 dolla / TH contracts get terminated. Maybe they'll partly convert them to X11 ;+D

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