Really strange.
GM shows a similar behavior as Scrypt.cc.
And that's, of course, extremely bad.
But still hope for the best. *Fingers crossed*
Topic: Genesis-mining.com || World's leading hashpower provider! - page 86. (Read 400197 times)
Let's wait for GM explanation. Maybe it's a technical error. Because I have NO payout at all for 2 days now (the mining days doesn't even appear on the "payout" board)
With normal Genesis Contract or Spondoolies?
Because somebody said only the spondoolies have the problem.
At least my normal works fine now. Got every payout and with ~265 Sat. per GH/s not even bad.
I only have genesis contracts.
It doesn't look good. They answered my ticket saying it's because of difficulty rising.
According to my calculation, it's absolutely IMPOSSIBLE that my payout goes from 0.09 to 0.0000000.
Let's wait for GM explanation. Maybe it's a technical error. Because I have NO payout at all for 2 days now (the mining days doesn't even appear on the "payout" board)
With normal Genesis Contract or Spondoolies?
Because somebody said only the spondoolies have the problem.
At least my normal works fine now. Got every payout and with ~265 Sat. per GH/s not even bad.
Without the ability to resell your shares/machine/whatever you should never buy into a "cloud" operation.
You've nailed it! I went against my own better judgment and bought a hash contract while knowing there was no way to get out. I basically did it as a test to see how long it would run with steady payouts but dang, it started falling apart after only 25 days! I thought if this was legit it might last a little more than a year. I knew I would need 2 years to come close to ROI so I was okay with doing this as a test but I didn’t realize I was going to lose my whole investment before the end of the first month. I thought I was sharper than that!
Let's wait for GM explanation. Maybe it's a technical error. Because I have NO payout at all for 2 days now (the mining days doesn't even appear on the "payout" board)
I've gotten payouts for the past 2 days but they are drastically lower than I was getting two weeks ago when BTC prices were lower. Technical error or not the main failing here is a total lack of transparency with Genesis Mining. It's even more apparent when a problem like this crops up that we have no meaningful view into the operation at all.
Without the ability to resell your shares/machine/whatever you should never buy into a "cloud" operation.
You've nailed it! I went against my own better judgment and bought a hash contract while knowing there was no way to get out. I basically did it as a test to see how long it would run with steady payouts but dang, it started falling apart after only 25 days! I thought if this was legit it might last a little more than a year. I knew I would need 2 years to come close to ROI so I was okay with doing this as a test but I didn’t realize I was going to lose my whole investment before the end of the first month. I thought I was sharper than that!
Let's wait for GM explanation. Maybe it's a technical error. Because I have NO payout at all for 2 days now (the mining days doesn't even appear on the "payout" board)
Without the ability to resell your shares/machine/whatever you should never buy into a "cloud" operation.
You've nailed it! I went against my own better judgment and bought a hash contract while knowing there was no way to get out. I basically did it as a test to see how long it would run with steady payouts but dang, it started falling apart after only 25 days! I thought if this was legit it might last a little more than a year. I knew I would need 2 years to come close to ROI so I was okay with doing this as a test but I didn’t realize I was going to lose my whole investment before the end of the first month. I thought I was sharper than that!
Doesn't really explain why the payments suddenly fell so sharply while price rose (a little) in the same period.
Also difficulty went up from 57 (x1e9) to 59.3, or a mere 4% increase.On the sept 4, there was a similar increase in difficulty (54.25 to 57, or 5% increase), which did not result in a sharp drop in payouts.
So clearly something does not compute.
GM should practice mathematics.
Still waiting for a serious explanations here.
Check Hashnest - they are diving down too..
It is about BTC price vs. mining difficulty.. Yeah, but you cant dive down from 10k satoshi to nothing bcause of a 4% increase in Diff, that is not possible
No, for sure not! But the price of GHS on Hashnest in the past two weeks dropped 60% down !! Hopefully GM will explain this situation soon..
Of course it's dropped with S7 announced and shipments starting soon (already in some cases.) That is a price correction, not a complete disaster in rewards.
Hashnest is worse at the moment.
Lost 0.004 since yesterday.
Very bad luck.
Lost 0.004 since yesterday.
Very bad luck.
Everyday i'm afraid to check their stats.. is worse and worse..
Doesn't really explain why the payments suddenly fell so sharply while price rose (a little) in the same period.
Also difficulty went up from 57 (x1e9) to 59.3, or a mere 4% increase.On the sept 4, there was a similar increase in difficulty (54.25 to 57, or 5% increase), which did not result in a sharp drop in payouts.
So clearly something does not compute.
GM should practice mathematics.
Still waiting for a serious explanations here.
Check Hashnest - they are diving down too..
It is about BTC price vs. mining difficulty.. Yeah, but you cant dive down from 10k satoshi to nothing bcause of a 4% increase in Diff, that is not possible
No, for sure not! But the price of GHS on Hashnest in the past two weeks dropped 60% down !! Hopefully GM will explain this situation soon..
Hashnest is worse at the moment.
Lost 0.004 since yesterday.
Very bad luck.
Lost 0.004 since yesterday.
Very bad luck.
Doesn't really explain why the payments suddenly fell so sharply while price rose (a little) in the same period.
Also difficulty went up from 57 (x1e9) to 59.3, or a mere 4% increase.On the sept 4, there was a similar increase in difficulty (54.25 to 57, or 5% increase), which did not result in a sharp drop in payouts.
So clearly something does not compute.
GM should practice mathematics.
Still waiting for a serious explanations here.
Check Hashnest - they are diving down too..
It is about BTC price vs. mining difficulty.. Yeah, but you cant dive down from 10k satoshi to nothing bcause of a 4% increase in Diff, that is not possible
Doesn't really explain why the payments suddenly fell so sharply while price rose (a little) in the same period.
Also difficulty went up from 57 (x1e9) to 59.3, or a mere 4% increase.On the sept 4, there was a similar increase in difficulty (54.25 to 57, or 5% increase), which did not result in a sharp drop in payouts.
So clearly something does not compute.
GM should practice mathematics.
Still waiting for a serious explanations here.
Check Hashnest - they are diving down too..
It is about BTC price vs. mining difficulty.. Doesn't really explain why the payments suddenly fell so sharply while price rose (a little) in the same period.
Also difficulty went up from 57 (x1e9) to 59.3, or a mere 4% increase.On the sept 4, there was a similar increase in difficulty (54.25 to 57, or 5% increase), which did not result in a sharp drop in payouts.
So clearly something does not compute.
GM should practice mathematics.
Still waiting for a serious explanations here.
Doesn't really explain why the payments suddenly fell so sharply while price rose (a little) in the same period.
Also difficulty went up from 57 (x1e9) to 59.3, or a mere 4% increase.On the sept 4, there was a similar increase in difficulty (54.25 to 57, or 5% increase), which did not result in a sharp drop in payouts.
So clearly something does not compute.
Without the ability to resell your shares/machine/whatever you should never buy into a "cloud" operation.
OK, so the 4.17% rise in diff of the 17th of september made all existing contracts totally unprofitable. Right.
I have a spondoolies referral account and no payout since 19.09.2015
I wonder for the explanation
I wonder for the explanation
UNO is merge mined if so all those who are mining bitcoin should also receive part of UNO too if i am not wrong !!
Most merge mining places I have seen end up paying BTC. Onces that have BTC NMC Doge on it combined all and sell automatic and get no option to keep the alts. Theirs a few pools that do pay the alts separate if want to sell them at a later date but its next to nothing unless you got a big chunk of hash power.
*sigh*
Still no word from GM..... If it really is a technical issue we should've heard from them by now.
Maybe we should tip a BTC-news-site like Coindesk, maybe if they ask GM what's up there will be an answer. If GM is really ponzi-ing out on us we should get the news out ASAP to prevent new customers losing their money.
Edit: Got a reply on my ticket, here it is:
Doesn't really explain why the payments suddenly fell so sharply while price rose (a little) in the same period.
Still no word from GM..... If it really is a technical issue we should've heard from them by now.
Maybe we should tip a BTC-news-site like Coindesk, maybe if they ask GM what's up there will be an answer. If GM is really ponzi-ing out on us we should get the news out ASAP to prevent new customers losing their money.
Edit: Got a reply on my ticket, here it is:
Quote
What you are seeing is the effect of the rise in difficulty in relationship to current Bitcoin value and the maintenance fee. You have quite a few contracts, with different fee's, and a lot are the old contracts with a fee of 0.002USD per GHs per day. Those contracts are barely returning anything, or are in fact negative. It should be easily checked by using online Bitcoin calculators (inaccurate as they are, they do give clues still). A quick look shows me you have like 6.25 THs of hashrate with the 0.002 fee.
Coinwarz says that that amount could mine around $12.50 per day. See http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=6250&p=0&pc=0&pf=0.00&d=59335351233.86660000&r=25.00000000&er=236.10000000&hc=0.00
Maintenance fee is 6250 GHs * 0.002 = $12.50
In short, that part of your hashrate is not providing earning anymore, if not negative in earnings. Difficulty still has a tendency to go up, and Bitcoin value does not seem to want to go up right now, so at this moment I see no improvement for those contracts. Wish I had better news for you, but unfortunately this is the way things are.
Coinwarz says that that amount could mine around $12.50 per day. See http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=6250&p=0&pc=0&pf=0.00&d=59335351233.86660000&r=25.00000000&er=236.10000000&hc=0.00
Maintenance fee is 6250 GHs * 0.002 = $12.50
In short, that part of your hashrate is not providing earning anymore, if not negative in earnings. Difficulty still has a tendency to go up, and Bitcoin value does not seem to want to go up right now, so at this moment I see no improvement for those contracts. Wish I had better news for you, but unfortunately this is the way things are.
Doesn't really explain why the payments suddenly fell so sharply while price rose (a little) in the same period.
UNO is merge mined if so all those who are mining bitcoin should also receive part of UNO too if i am not wrong !!
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