Re: Genesis-mining.com || World's leading hashpower provider!

Payouts for GM have been higher since the last 10% increase on SHA . maybe they have the math backwards :-)

i disagree.

Below are payouts for 50 GH/s SHA 256 from one day before last difficulty change till now. Payouts based on 0.0012 USD per GH/s fee.

Payout before difficulty
Mining Day 23.11.2015 0.00019439 BTC

Payout after difficulty
Mining Day 24.11.2015 0.00015773
Mining Day 25.11.2015 0.00015877
Mining Day 26.11.2015 0.00017065
Mining Day 27.11.2015 0.00017470
Mining Day 28.11.2015 0.00017457

So looking at that, where is the payout that is actually 10% higher than it was before the difficulty change? Payout before the change was 0.00019439 and last payout was 0.00017457
I would say that payouts have decreased since the difficulty change.

The payouts have rose in the last few days since the difficulty change because BTC price has been slowly moving up again.

Here are the payouts for contracts with 0.0015 USD per GH/s fees. Again based on 50GH/s

Payout before difficulty
Mining Day 23.11.2015 0.00014801 BTC

Payout after difficulty
Mining Day 24.11.2015 0.00011098
Mining Day 25.11.2015 0.00011241
Mining Day 26.11.2015 0.00012272
Mining Day 27.11.2015 0.00013280
Mining Day 28.11.2015 0.00013228

Again..where is the 10% rise on SHA.

If you are referring to your X11 payouts, again, that has nothing to do with SHA. BTC (AUTO) is based on mining most profitable X11 coins and then those are traded at payout time to BTC, so if those X11 coins mined go up in value against BTC, then so does your payouts.

BTC difficulty does not really have an effect on X11 mining but BTC value can.

For example when BTC price went up to almost 500 USD recently, the prices of most coins fell against BTC. Litecoin rose a little but apart from that most coins fell in value. Dashcoin and Start fell alot in value during the rise and the reason for this was most likely that people that had lots of coins they were holding, saw the price of BTC rise and then traded all their coins to BTC when they could as nobody had any idea where the price of BTC was going to go to. So lots of coins being traded meant that they were being dumped on the market so their value decreased so when those with X11 using BTC (AUTO) were getting their daily payouts, the amount of BTC they were getting fell.

In one of the links above you can see what has happened to Start and Dashcoin value over time.

What do you attribute the drops on the 24/25 to then? and why the increase on the 26?

Seems like they changed their math or something on the payouts.

Also I have added some GH and found that payout jumped more than expected once I was about 100 GH. I have 270 GH and I'm receiving this in the last few days

29.11.2015    BTC    0.00071837
28.11.2015    BTC    0.00070094
27.11.2015    BTC    0.00070145
26.11.2015    BTC    0.00068517
25.11.2015    BTC    0.00063731
24.11.2015    BTC    0.00063315
23.11.2015    BTC    0.00078053
22.11.2015    BTC    0.00077568

my last purchase was on Nov 15. This was not meant to be a positive or negative comment just something I noticed.

and yes x11 is all over the place and makes no sense.

Fahlcor

The drop on Mining Day 24.11.2015 was because of the difficulty change. The increases from the 26th etc are because the value of Bitcoin rose and this affects the payout.

With SHA 256 contract, you have to take into account the maintenance fees that gets deducted from the payout each day. When Bitcoin goes up in price then the amount of Bitcoin that gets removed from your fee gets less and also alternatively when Bitcoin goes down in price against USD and other currencies like Euro and Pounds etc then the amount of Bitcoin that gets removed for the fee increases.

You must have different types of contracts in your account. You can not have all of your 270GH/s at the 0.0012 USD per GH/s fee rate so you must have either older contracts too with 0.0015 USD per GH/s as part of your 270GH/s or you have also bought with a Credit Card and some of your payouts are being held in the pending balance for 30 days etc.

The reason I write this is because for example if I take your payout after the difficulty change which was 0.00063315 and divide that by 270 as you write that you have 270GH/s I get 234.5 satoshi per GH/s.

But if I take my payout which i know is 50GH/s for the same day I get a total of 315.46 satoshi per GH/s or for 270 GH/s would be a payout of around 0.00085174 BTC

It is only SHA 256 contracts that have a maintenance fee, X11 contracts do not as you have paid that upfront already when you purchased the hashpower contract.

yes 70 ghash are old and forever.

200 are new and at the lower rate. That make more sense on the daily fluctuations based on the value of BTC being deducted for the fees. So the higher the BTC rate the less impact there is on the payout.

I still think if you are buying in to just buy BTC and play the money market with it and you would likely make more :-)

Fahlcor