Post
Topic
Board Service Announcements (Altcoins)
Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider!
by
Wintermute
on 18/01/2015, 01:25:36 UTC
I have 130.7 MH/s Scrypt "Life" contract pointed at BTC(Auto) and I am currently getting nothing for it. Cry
My 0.02TH/s SHA contract is pulling in +-0.000011800 BTC per day.
I paid over $2000 for all of this hashing power TWO months ago.
I earned $0.26 in the last 7 days mining interval.
Going to try redirecting Scrypt to Reddcoin, or will Dogecoin be more 'rewarding', i.e. will I actually get to see a payout? Undecided

Unfortunately it will not change anything. The other scrypt providers stopped payouts long time ago (Gawminers, Zeushash). Both of them had much higher maintenance fees (8 cents). Genesis Mining was only charging about 4.5 Cent per MH/s, but due the collapse of altcoin prices and the low BTC prices this is not covering the cost anymore.

This might end the contract within the next 2-3 weeks. Unfortunately they cannot use scrypt hardware to mine sha coins. So the only hope is that the altcoin price recovers, but tbh it does not look like it.