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Topic: Genesis-mining.com || World's leading hashpower provider! - page 78. (Read 400197 times)

legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Thinking about it a little more, the impact of the BTC price to our payouts occurs at the moment they deduct the cloud fees.  This happens right before they send the payouts to us.  So the BTC price recorded when the payout hits our wallet is about as close as we can get to what it was when they initiated the transaction.

mh, don't know if they calculate fee in the 'last second' or if they use a average of the day.
but yea, guess you are right.

I guess it comes down to it we really can't know for sure what GM does or when they do it...it's that whole transparency thing.  If someone like me decides to throw together some sort of relational chart for a visual, there are only a couple of knowns.  The rest is guess work.  I think the charts do a pretty good job of relating Payouts, BTC Prices, and Difficulty in an easy to visulize way.  I know it helped me to get my head around what was going on.
hero member
Activity: 650
Merit: 500
8 days till all old contracts will be terminated roughly a year of mining for me sad sad story but what you gonna do. We can still hope for a miracle in bitcoin difficulty drop or price rise but neither seems plausible at the moment. So guys i wish you all the best i am out of this thread.



greetings dead
hero member
Activity: 861
Merit: 1001
Be prepared for a major announcement coming up next week!
Did we miss the major announcement?

The major announcement was that all their old contracts are useless ? And still no goodwill measure for their oldest customers.

They will get what they probably deserve : no more investment here and a bad publicity.
sr. member
Activity: 252
Merit: 250
Thinking about it a little more, the impact of the BTC price to our payouts occurs at the moment they deduct the cloud fees.  This happens right before they send the payouts to us.  So the BTC price recorded when the payout hits our wallet is about as close as we can get to what it was when they initiated the transaction.

mh, don't know if they calculate fee in the 'last second' or if they use a average of the day.
but yea, guess you are right.
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Thinking about it a little more, the impact of the BTC price to our payouts occurs at the moment they deduct the cloud fees.  This happens right before they send the payouts to us.  So the BTC price recorded when the payout hits our wallet is about as close as we can get to what it was when they initiated the transaction.
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Chart for the past 30 days ending with mining day 9/27...BTC up, payout down...

Maybe I miss interpret something, but
The last lower Payout was from Mining Day 27.09 (with BTC price ~232)
But the Bitcoin price has risen in the last 12 hours.

So you have to compare the next payment (tomorrow) with the price of today.
It is always paid 1 day later.



The mining work is from 9/27 and the payout came in on 9/28...the BTC price is what is recorded by Coinbase the instant the payout hits my wallet...that BTC price was $239.27 this morning when the the payout came in.  I don't know of a way to time the BTC price with the end of the work shift but I do it the same way each day so that it is relative and consistant.  Once I started the charts, it gave me a good visual of the relationship between payouts, BTC price, and difficulty that I could not see by just looking at the numbers.

I guess the correct way is to use the average BTC price of the 24 hours between the start and end of the work shift from mining day 9/27 but that is carring it a bit far, I simply needed a way to see the overview.
sr. member
Activity: 420
Merit: 500
Chart for the past 30 days ending with mining day 9/27...BTC up, payout down...

Maybe I miss interpret something, but
The last lower Payout was from Mining Day 27.09 (with BTC price ~232)
But the Bitcoin price has risen in the last 12 hours.

So you have to compare the next payment (tomorrow) with the price of today.
It is always paid 1 day later.

legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Chart for the past 30 days ending with mining day 9/27...BTC up, payout down...

legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
I was so looking forward to a drop in difficulty...even a small drop. Then the estimated diff changes to positive!
legendary
Activity: 1890
Merit: 1031
I was hoping the difficulty would drop a bit at the next change and BTC would also rise a bit more.  Now it looks like diff will be +2.19% in about 4 days so no relief there...and BTC seems to be slightly downhill now also.
I see WTF, hole-time it where negative  Angry
sr. member
Activity: 266
Merit: 250
I guess the Chart is quit well to accept my feelings that the payouts had been without no Reason until now too low..
I cant be because of the Difficulty or the btc Price fall. Anyway the BTC Price will be back soon at 500$ i guess.

It is very helpfull vor much companys.. just w8 for it Cheesy


regards
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
I was hoping the difficulty would drop a bit at the next change and BTC would also rise a bit more.  Now it looks like diff will be +2.19% in about 4 days so no relief there...and BTC seems to be slightly downhill now also.
full member
Activity: 169
Merit: 100
Chart for the past 30 days ending with mining day 9/26...



Thanks for the chart.
It makes us realize how things become leverage to our payout (negatively of course).
legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Chart for the past 30 days ending with mining day 9/26...

legendary
Activity: 1736
Merit: 1032
Carl, aka Sonny :)
Hey All,

Exciting times ahead.

Be prepared for a major announcement coming up next week!


Marco Streng

Did we miss the major announcement?
hero member
Activity: 602
Merit: 500
The payout now is the worst since i use GM..

from 20k jump to 9 k satoshi..its sure more than 365 days to hit ROI...will invest when the price or diff back normal and in good
legendary
Activity: 910
Merit: 1000
Hmmm...I just noticed, I haven't gotten a payout on my 0.0010 TH/s since Sept 17.
I guess the payout for my little mining power doesn't even exceed the 1 DOGE transaction fee anymore? XP

If your contract is between September 2014 and upto sometime late January 2015, then you will have the older maintenance fees so that is most likely why.


full member
Activity: 172
Merit: 100
Hmmm...I just noticed, I haven't gotten a payout on my 0.0010 TH/s since Sept 17.
I guess the payout for my little mining power doesn't even exceed the 1 DOGE transaction fee anymore? XP
sr. member
Activity: 266
Merit: 250
Chart for mining day 9/25...



how is this possible??  Huh
sr. member
Activity: 406
Merit: 252
Right. The only options to buy hashing where you can readily sell on exchange are Hashnest, Bit-X.com and BW.com.

Hi, Can you share your experience with https://www.bw.com/ ?? I know you can't comment here so you can PM me about it. I have tried both Hashnest and Bit-x and I wanna try this out ! Smiley
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