Topic: Great altcoins cloud mining service, legit cloud mining, RECOMMENDED (Read 12109 times)

It will be really profitable this is the coin to look up to today,it seems every bosy are into ethereum and with genesis mining decision to mine ethereum many will make a huge profit from this ..

It seems Ether contracts are back, 1 year long, no maintenance fee. If ETH stays at this price level, Ether mining contracts might be really profitable.

Here s more info for you from Spondoolies side:

http://www.spondoolies-tech.com/pages/cloud-mining

Do you really think one of the largest and most respectable mining gear producers would lie about something about this???
I understand you are suspicious but you ve got to draw a line somewhere.

I m sure they draw their profit from this maintenance fee users pay plus initial markup for the mining hardware price. This is not some strange business model, companies do it in other fields all the time.

Oh yes - now you bring in the online article.  I mean - we've never ever seen any mining equipment companies go rogue?  And every article Coindesk writes is always fact checked - right?

Did they conduct the interview at their green energy facilities?  That would make an excellent photo shoot in Iceland (where they house the supposed equipment).

My thing is to show me proof that they are actually mining for you…  Why can't you choose your own pool?  Or do they at least show you what block you are mining?  There has to be some technical data.

If they are mining -- then they are doing it for themselves -- then taking their cut -- and finally distributing what is left to the lifetime subscribers.  I would think.  The variable is the "maintenance fees" -- which you do not have control over.  Shouldn't this price remain constant?

I do want to believe -- really I do.  When I see "lifetime" purchases of hashes I get alarmed - why not purchase hashes for a month at a time?

Here s a nice fresh piece for you.

http://www.coindesk.com/spondoolies-tech-genesis-team-new-cloud-mining-service/

I assume all 3 sides, Spondoolies, Genesis Mining and Coindesk are lying and this piece s just another product of my imagination, right?

If you are going to argue, then do it with arguments, saying the sky s green cause I says so s not really a smart thing to do.

Oh ok - so you've been using their "cloud" mining service for a year and you got your ROI?  I mean they need a couple of people with great success to share the news with others.

I love these cloud mining websites -- buy xxx hash for $xxxx for a lifetime!  (As long as it remains profitable)

And choose your coins to mine -- but you can't choose your pools.  LOL  And we won't tell you what pools we use.  LOL

And where is your mining facility?  WE CAN'T TELL YOU!  LOL

And you can pay by credit card (meaning, we'll make sure that you are showing some profit for at least 60 days and then past that watch it drop drop drop - because you can't file a chargeback).

Oh -- the best one of all -- we're located in BERMUDA!  Probably a virtual office, but funny still.

Regarding ROI -- I've bought quite a few Scrypt A2 Miners in the past 4 months and they've all paid for themselves. 

Oh but you are right -- if "Spondoolies-Tech confirms on their webpages they deliver miners to Genesis Mining" then everything else is true.  Of course.  I mean everything you read on the internet is always true.  Just like TV?

Regardless - this is the wrong section for "Cloud" or "Ponzi" Mining.  Read the forum rules.

Finally - "take my pills?"  Really?  Do people still say that?  No offense, but to say something that absurd makes you sound ancient and quite uneducated. 

Ponzi? Tell me how the fck are they ponzi. Spondoolies-Tech confirms on their webpages they deliver miners to Genesis Mining. The problem with you guys is that if something does not produce ROI in 3 weeks, it s intermediately bad. Well I got news for you, you re in the WRONG industry. There s no more easy money in Bitcoin, you need to accepted the fact that 1 year ROI is very,very,VERY good.

You, hdmediaservices, take your pills please. Your start spreading unsupported BS when you do not take them.

+1

Many people lost money while they made their profits, so no reason to defend them.

Are you serious -- please stop it!  Go promote your ponzi-mining else where!

With all these cloud mining companies going down, Genesis Mining seems to be one of the few legit ones.
They ve been paying me since day one.

Has anyone tried this new dnotes coin available for mining via Genesis? Is there anything special about this coin?

I still recommend MAGI XMG https://bitcointalksearch.org/topic/ann-xmg-magi-cpu-mining-mpow-mpos-magipay-735170

First Anti-botnet community rewarding based mining network

Genesis Mining news, it seems lots of new things ll be introduced soon:

"Following up on my last post I want give you a brief update where we currently stand and what projects and new features you can expect in the near future.
Here is the list ranked by expected release time:

1) New Coins for the mining allocation interface - so 2 new coins ll be introduced very soon

2) Miner of the Week - some kind of contest

3) Secret Project (Has to be kept secret so far. This project will offer you a feature you never thought that you could do with your hashpower Wink. It will be completely unique on the mining market and it offers great new opportunities for everybody!)

4) The long-awaited Project X

All of our devoted customers will be in a privileged position when we are launching a new project.

Get excited for the upcoming time! It will be BIG!

MS"

Yes, I did the same thing with RDD coin before the price went up.

You will love Project X when it comes out, ability to have one contract that allows you to have X11, Scrypt and SHA256 all together and just switch between them or allocate hashpower between them however you like..

FTC price is going up as I ve stressed here several times. This is why I love Genesis Mining, you can mine several coins and keep them until the price goes up, then cash them out and PROFIT. Yay.

The price of 10 GH/s is now 7.90 USD, dropped from 9.99 USD.  1 TH is 780 USD.
 
If you can, support the OP and use his affiliate code to get a discount.

Ian

You can find it in the first thread.

if they can because magi is using a new algo (m7m) if they can support that.. 
it does need a pool to spread out with more miners if it has a wider audience.

What is the link to Genesis Mining Pool?

You recommend this coin to be added to Genesis Mining pool?

Considering the great Magi ? https://bitcointalksearch.org/topic/ann-xmg-magi-cpu-mining-mpow-mpos-magipay-735170 as its on the M7M Mining algo? botnet fighting + farm fighting = fair network output, community outreach, no early adopter incentives... grow as we go style?

This is some thoughts I think should be considered.. watch the video of a preview concept https://www.youtube.com/watch?v=jpvpO0OE7Dw

Yup, it ll get your money back and you can potentially triple it during one year. These are great terms if you ask me.

I always trust my own judgement first. Lots of people, lots of different interests. Still, Genesis is OK. It is not the best of all but it is decent. ROI should be 5-6 months according to my calculations.

I have all 4 services, LTCgear, Genesis, GAW and Zeus. One does not need to be a rocket scientist to figure out which one is the most profitable, which one s the best and worst. I do not need Ian or anyone else for that. Still, thx for the heads up but I think Ian is just ordinary user trying to promote their service and get some ref commission in return. I see nothing wrong with that. 

Don t think so. Paypal s got charge back option, it is easy to cancel your payment while BTC is irreversible.

I hope it will be also possible that GM will pay in Paypal.

A bit lower payout then I expected yesterday. Anyone know why?

I have more in GM, but then that is mainly from free hashpower upgrades and also I opened an account with them in May, it is about 25:75 in favour of GM I suppose.

Ian

Ian, how much do you have invested in Genesis Mining in % compared to GAW? Is it 50:50%?

Thx a lot, still testing both.

Well I would say GM, definitely after the price drops and longterm contract change.

GAW Miners bring out updates often, but most of the time they are bug ridden and don't work properly, my upgraded Hashlet Primes for example, still cant get the boost or the second pool thing working properly, plus I don't read too many people complaing about GM on the forums, only complaints I mostly see are "Where are my payments today?" and that is not really a complaint as the payments do get there each day for most people.

A lot of people complaining on GAW miners about the support and the fact that nobody seems to answer tickets that much etc.

The roadmap with GM seems more stable, I know what is coming ahead, like Project X and X11 contracts, but with GAW Miners, it is hard to work out as every other week, a new idea or feature just comes along and is plonked infront of you, and like I said, never seems to work properly or perhaps the price will go down with a hashlet, only for it to go back up again a day or so later etc.. It is all over the place.

If GM did that, I would be going mad too, but they just seem calm in comparison.

Just my thoughts anyway..

Ian

I use both as well. Just hope BTC price drop s going to finally stop. I am sick and tired of checking the price every morning only to find out there is another low.

What do you guys prefer Genesis Mining or GAW? I guess both would be the best solution but in case you must choose?

Yes, not too bad today, although not as good as other days.

Day 12 Comparison Video
http://youtu.be/r0nrdoKavcY

Another quite nice payment. Genesis Mining payouts have been increasing recently.

Yes, will be interesting to see how it compares with my other payouts.

There was an announcement yesterday regarding Litecoin and Dogecoin being accepted by Paypal as well so Dogecoin has been going up in price again I think

Ian

Unusually good payout yesterday. Probably Potcoin or Megacoin went up a bit.

They already offer Dark, X11 coin, but this just Dark payouts. They mine the most profitable scrypt coin and exchange it for DRK.

Well, Genesis will offer X11 algo mining, that seems to be the plan.

Yeh I like having both, its quite interesting to see what they come up with next.

So this supports what I ve said. Use both and differentiate your investments.

For me I have found the Genesis Mining 1 MH/s contract to be more profitable over the first week of comparisons, not by much, but 5 days out of 7, my payouts were better than the Zen Hashlet, will be interesting to see how it goes next week. The payments were very similar, not a lot in them, but the Zen Hashlet also cost 3 USD more so it has 3 USD to make up as well.

Ian

I think you should try to compare with Zen hashlet. ATM, that is the most profitable one. Also take into consideration it is much more expensive then Genesis Mining. IMO, both services are nice and I use them both. Differentiation is the key, spread your risk.

Ok, got it, thx.

Hard for tell what with difficulty changes at the moment
I paid 0.0562 for my 1 MH/s Scrypt and 10 GH/s sha 256 contracts.
So far 6 days in I have 0.00342310 and perhaps tomorrow up to 0.004.

It might be between 4 and 5 months at the moment.
I know that right now I will definitely reach ROI before my GAW miners contracts as the payments on the Genesis Hashlet and the Waffle Hashlet have just been poor in comparison.

What is their ROI? 5 months?

I have been using them since May, daily payments, not had any problems.

Keep a track of my you tube videos which I am doing, that will give you an idea about daily payments etc

Anyone here using them for at least 6 months? How regular are their payments?

Another daily payout from Genesis, thx guys, pleasure to use your services.

This is actually the only scrypt cloud mining company which has provided photos of their farms, at least the only one I know of.

Another coin added to the list - VIACoin. 
Enjoy mining this great coin! Do not forget to use CI_DISCOUNT code to get 3% off the regular price. Take a look at the first post for more info.

Happy mining!

Have just posted a few photos of Genesis Mining farm which adds a lot to their credibility. On one these pictures is Jakov Dolic, their head of sales, you can find his info on Genesis Mining Website.

Yes will be interesting to see what happens.

No problem Ian, I understand. Your results are actually consistent with what I get, Genesis comes as the second after ltcgear but before GAW, in terms of ROI. However, the big question is whether this is going to stay this way once these income large difficulty increases get into the picture. We ll see in a couple of weeks.

Hiya, sorry that is not possible for me as don't really have a lot of funds, plus I have already started the comparison videos already.

Perhaps someone else could do something similar. Once again, really sorry!

If you look at this thread, you will see I have already starting linking videos now.
https://bitcointalksearch.org/topic/genesis-mining-vs-gaw-mining-spondoolies-hashnest-and-mining-sweden-updates-768931

Ian,

this seems as a very nice idea. May I ask you to include ltcgear as well as possible in your analysis. You can find the link in my signature. I also use several cloud mining services and although I find Genesis to be really great, compared to these guys from ltcgear, Genesis is still the second best. Maybe your results ll be different. Anyway, great job on these videos, keep up the good work and thx.

Just wanted to put it out there that I am doing some daily payout comparison videos out there which I am posting on Youtube at the moment, will be updated quite often.
What I have done is purchase 1 MH/s and 10Gh/s from Genesis Mining and purchased a Genesis Hashlet 10Gh/s and a Waffle Hashlet and a Zen Hashlet.

The Waffle Hashlet at the time of purchasing was 17.99 USD, the same price as 1 MH/s with Genesis Mining and the 10 GH/s contracts from both were around the same price too, the Hashlet being 4 cents cheaper.

So please, take a look at those if you want to get some figures before purchasing yourselves.

What I will say is that the first full day of payments were interesting, the previous day I did not count as both sets of miners had not mined a full day, the GM contracts ended up paying out more than any of the Hashlets, including the Zen Hashlet which was suprising as I kept hearing so much about how good the zen pool was and how profitable those hashlets were. The Zen Hashlet is also 3 USD more than a 1 MH/s contract from GM. The difference in payout between the two was not too much though, but I was expecting it to be a bigger difference.

I had purchased the Zen Hashlet to really compare with the Waffle Haslet,

Ian.

Sure, test it and post back but you should ROI between 3-4 months, depending on market situation. They are quite nice and dependable, been using them for quite some time and everything work nice. Basically it is like a nice big rig at your home just without heat, power and break down issues.

Have been looking for a long time for a great cloud mining service and this one looks awesome but anyway will do some research first and see what's happen and will post results.

What is their ROI, is it profitable to use them?

Yup, this seems like a nice idea. They should be adding a few new coins to mine. This will improve their profitability even more.

So the best advice is to differentiate, get Genesis Mining contract and invest into something else.
For ltcgear cloud mining contacts, take a look at my signature.

With new lower price per mH Genesis Mining is solid second to GAWMiners. My account at Genesis Mining on Autotrade earned 8.8% this past week while ZenHashlet earned 11.2%. Litecoin GEAR blew them both away with a 25% return in one week.

Well I plan to rent 20 mhs more from them, I hope this recent LTC difficulty increase is not going to affect their payouts.

Not yet but X11 mining contracts option is already there on their website, just not active yet. This usually means soon.

Does anyone have exact ETA when Genesis Mining is going to introduce x11 cloud mining? This should be quite soon. Anyway, these guys are legit, decent service, lots of coins to mine, people can make money with them.

Nice to see your thread going CrazyIvan

And for those people reading this and seeing the work that Crazy Ivan has put in keeping this topic updated with info etc and are interested in actually purchasing a contract with Genesis Mining, please feel free to use his promo code  CI_DISCOUNT to get a saving too.

Genesis Mining latest update, lower prices and LIFETIME CONTRACTS. These prices increase ROI big time.

Dear Community,

We worked hard within the last days to be able to make this announcement:
Thanks to our partnership with the hardware manufacturers we are able to lower the price for hashpower (scrypt and sha) to a level not seen before in the market.
We are also glad to tell you that we expanded our yearly contracts to lifetime contracts so that you can keep the purchased hashpower without any expiration.
For all of our devoted customers who supported us from the beginning on we want to say thank you! This has never been possible without you:

All customers who purchased yearly contracts from usw get a free upgrade to lifetime contracts after expiration!


Our new rock bottom prices are the following:


Scrypt:

Gold      :   1 Mh/s    -  17.99 USD (17.99 USD per Mh/s)
Platinum :  20 Mh/s   -    339 USD (16.99 USD per Mh/s)
Diamond : 100 Mh/s -  1,499 USD (14.99 USD per Mh/s)


SHA:

Gold       :    10 Gh/s      -    9.99 USD (9.99 cents per Gh/s)
Platinum  :  1000 Gh/s    -    989  USD (9.89 cents per Gh/s)
Diamond  :10,000 Gh/s  -    9790 USD (9.79 cents per Gh/s)


We currently have a lot of new features in the pipeline we are eager to announce! Stay tuned for the upcoming times. It will be great!

Your Genesis Mining Team

Yes, nice to know that the number of alt coins in genesis mining is increasing.

Users can now select to mine another coin - Blackcoin.
Keep them coming guys.

I think the period of time needed to get ROI varies since the value of coins and difficulty on mining varies too. They are already aware that some are wanting to apply for monthly contract instead of yearly. They might take that on consideration.

Another coin to be available for mining is about to be added. No word which one yet.

which one?

More news, price goes down even more, here is their newsletter:

Dear all,

We promised to constantly upgrade our infrastructure to the latest hardware and technology to bring the best service at the lowest possible price to our clients. Due to economies of scale and enormous growth in the last months we managed to close a deal with hardware manufacturers that significantly reduces hashpower prices to a level that has never been seen before in the market!

Now you can start from 9.4 cent per kH/s per year!

As you all know we are engaging very hard for our devoted customers to get max profit out of your hashpower and to celebrate the new prices with you, we are going to give all customers who recently bought hashpower from us a free upgrade* :

- all orders after the 1st of July will be upgraded to the new terms
- all orders of the past week (June 26th) will be upgraded by 15%
- all orders starting from June 19th will be upgraded by 8%

The hashpower upgrade should be available within the next 24 hours.

We are also working on a number of features that will be released in the next few weeks. This includes among others: additional coins, the X11 hashing algorithm, additional mining stats and an improved user interface and many more. We will send out a detailed newsletter for everybody soon!

We are looking forward to an exciting future together with you!

Happy Mining,
  Genesis Mining

Users of Genesis Mining on the company thread at https://bitcointalksearch.org/topic/genesis-miningcom-worlds-leading-hashpower-provider-602022 are reporting payouts are down and are concerned they will never ROI. Altcoin prices are depressed, if you are considering buying hosted scrypt mining you should search out reputable companies with the lowest price per MH if you hope to ever ROI. There is no need to spend over $80 per mH. One very reputable company here on bitcointalk is selling scrypt mining for only $25 per mH.

GM have lowered their prices from today!

Go and check out their website for pricing info and if you want to purchase some hashpower, enter PromoCode: CK_DISCOUNT to get a further 3% off the final price.

Glad to hear you are happy!

Also, don't forget that if you want up to date info on GM, make sure you like them on Facebook and add them on Twitter and also here on the forums, they have their own dedicated thread, which they update regularly with news and information. Staff also regularly go there, to help answer queries.

https://bitcointalksearch.org/topic/genesis-miningcom-worlds-leading-hashpower-provider-602022

I am mining at Genesis Mining since almost 1 month and I don´t regret it. The mining results are decent - bought for 0.7 BTC 1 month ago and have now 0.18 BTC back after 28 days (the contract is 1 year). The support is friendly - thanks for everything Jana :-)

These guys are real professionals - working like a swiss watch.

After 1.5 months using these guys, I am at almost 20% ROI, so I guess full ROI should be in about 5 months. Very nice.

No issues whatsoever, payouts on time, very nice service.

I get between 4-6% ROI per week, meaning I should be reaching ROI between 3-5 months. Payouts are constant, every day, and I am quite happy with the service, these guys constantly improve and add new coins and new options. I also like transparency a lot, they will send you photos of their farm, you can contact owners, you can find their FB pages, see their presentations on several BTC conferences. So far, very nice.

I am also interested to use as your genesis,
how the calculation of the cost of the rental income with the results you get, whether friends make a profit?

I'm still waiting there is an option contract that is lower on the genesis, 1 year old, and the cost is still too large, suppose there is a monthly option would be better to book contracts mh / s

He got paid. I am with them for over a month, payments are on time, every day. Also, they have just added a new coin users can mine, this time it is Redcoin. They will also continue doing this which increases ROI cause you can chose which coin to mine.

so what happened? did you get paid?

I think I ll point my hash to mine Doge, the price is 5 times lower then it used to be at its top.

Ok, Genesis Mining is adding another coin, there is pool on their Facebook page where users can vote which coin they would like to be able to mine.

The options are:

NovaCoin
TagCoin
Reddcoin
Potcoin
EarthCoin

Adding new coins is going to enhance their profitability and keep difficulty down having in mind entry of ASIC scrypt machines to the market.

Glad you like it, I hope you used my 3% discount code. Keep those BTC landing in your wallet.

Just want to report that I started my 2 MH contract 12 days ago and everything works fine at Genesis Mining. Every day I get a my payout - its amazing to see the BTC´s coming every day 

Very nice option introduced, now they allow payouts from their multipool to be in Bitcoins or Darkcoins. Personally, I am probably going to switch to Darkcoins, I think DRK price might go up in the future.

Payments of time, every time new coins get into my wallet. Who needs rigs, heat and electricity bills?

Well it works out for me. The next coin they will introduce is Darkcoin, after that it will be more X11 or X13 coins, so adding more scrypt miners does not matter at all. However, you cannot get ROI in 2 months, that is 2 optimistic.

So $280 for 2MH, and will need at least 2 month to get ROI, by that time there will be much more scrypt miners out there; really suspect if cloud mining working out.

I did a small test contract with them and the payouts were right inline with coinwarz profit calc. for 3 days then I added more hash to it. Then they have missed the last two payments so I am not sure what's going on hopefully it just a weekend glitch. I'll report back!!!

Profitability is still quite high, anyone getting this cloud mining service should be able to triple their investment in a year.

Genesis mining is about to introduce which can be mined, Darkcoin. This is going to significantly improve their profitability IMO. Also, as far as I know, they are going to be the first cloud mining company which enables their users to mine X11 algo coins.

Anyone else using Genesis? What do you think about them?

Currently I use their Advanced Auto-Trader, mining the most profitable coin and getting paid in BTC. I wonder would it be better to mine any particular altocoin, maybe Doge, then keep it until the price goes up.

I also like their transparency, they have a lot of photos of their farm available online and they have been present on most of BTC-related conferences in the last few months. Most of other cloud hashing options do not provide this level of transparency.

Well, they do seem quite reliable so far. Adding more coins would definitely further improve their offer. I was told there are many more coins to be included in their mining portfolio in the following weeks.

Since 1 month I was searching for the easiest and most effective way to mine. Genesis Mining seems to have a really cool service. I also found this about them: https://cloudmining.guru/wp/

....gonna sign a 2 MH contract immediatley 

Hey guys,

recently I have started using Genesis mining cloud mining and so far I am extremely happy with their service. I have purchased one of their contracts and returns I have received so far closely match those I get from my own rigs. In other words, you can have your online rig for a portion of money you would use to build your own machine. It gets even better, in case of cloud mining there is no heat, no electricity cost, no hardware failure, no pool downtime, no issues of any kind and trust me, all these problems can set you back a lot.  You just get your coins every day in your wallet, simple as that.  

I see a lot of people trying to get into mining, searching for the most profitable and the least complicated way to do so. Well, this is something I definitely recommend, especially if you are unable to devote big bucks to mining and purchase your own ASIC or bunch of rigs. The current lowest price is 14.99 USD per MH/s, they offer several predefined contracts, up to 100 mh/s. You can also create a custom contract depending on your needs.  Currently you can directly mine several different altocoins including Redcoin, Blackcoin, Litecoin, Doge, Auroracoin, Megacoin, Lottocoin, Feathercoin, Potcoin, Novacoin as well as Darkcoin and Bitcoin by using multipool and this number is going to increase in the future. There is also an option of always mining the most profitable coin and getting paid in BTC, a form of cloud multipool. They are about to provide X11 cloud mining in the future as well.

You can also allocate your hash power between different coins according to your preferences.
                  
                                                                        


I use their "Advanced Auto-Trader" option, which is basically multipool, mining always the most profitable coin and being paid in BTC every day. However, we all know mining is not that exact science, prices change and difficulty changes.


Also, their support is very friendly and fast, all in all, 10 out 10 service IMO.

Now the best part, since I am their super, mega important client they gave me a unique promotional Crazy Ivan discount code which I would like to share with you guys here. Whoever uses this code will get 3% discount on any purchase on their website. Here is the code: CI_DISCOUNT


                                                                      



In order to add to their credibility, here are a few photos of one of their farms:


                 




 Here is the link if anyone would like to try: https://www.genesis-mining.com/


 Do not forget to use CI_DISCOUNT to get 3% discount on their price.


Happy mining!