Hey All,
We have to apologize the delay of the last payout. After updating our payout-software to the newest version yesterday our additional security mechanisms caused us some delays. We are working hard to get things right. You can expect the payout for yesterday during today.
From tomorrow on everything will be back to normal.
Thank you for your patience.
Your Genesis Mining Team
What's new in the new payout system ? pay every hour ? or every day or can be edited its more useful to take controll of payment
because transaction fee high so if payment set every 7 days that will be cool
That doesn't matter if they pay once a day /hour/ weekly the % will still be the same so waiting a week to pay .0005% on a weeks payout is the same as paying a hourly .0005% payout.
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For people (like me) with small payout amounts, it actually would matter. Genesis Mining only sends payments above a minimum value, 0.0000543 at the time of this writing. Otherwise, they add it to your "coin balance", which is sent alongside the next payout above the minimum amount. This has happened to me for 23 consecutive days now, and is unlikely to ever change given the current trend of ever-decreasing payouts.
Allowing switching to weekly payments would allow the amount to be paid to climb above this 0.0000543 minimum, and result in a successful payment. Right now I'm hoping for this option, lest my contract be eventually terminated (once payouts decrease below the maintenance fee) without this accumulated "coin balance" ever reaching my wallet.