Quote from: bapparabi on April 20, 2016, 03:02:39 AM

Quote from: zenitzz on April 20, 2016, 02:33:29 AM

Quote from: gollumist on April 05, 2016, 11:06:01 AM

Quote from: malickie on April 04, 2016, 09:08:47 PM

For everyone who thinks Genesis has stopped paying. Go to your history, you probably do not have enough hashrate to get the daily payout minimum. You are still getting paid, you just aren't noticing it because like I said you do not have enough hashrate for a daily payout. As for everything else, I tend to not like 1 year contracts because they can fluctuate too wildly. The whole point of a "Lifetime" Contract is more for those who are in it for the long haul. If you want quick and dirty find someplace else, granted you are not going to find much that will do that unless your willing to take risks in something like HashOcean or some such thing.

So let's say you invest a couple hundred into Genesis and get daily payouts of .0001 or something and all the sudden one BTC is worth $1500, your ROI radically decreased all the sudden. That's what people who invest in something like this typically are looking at.

Are you sure???
gm is 100% scam because it is clear from the very beginning that you will never get ROI !!!
End of January I receive the following message:
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I am sorry to tell you that the maintenance fee overpassed the payouts due to the last difficultyincrease on 13th. Jan.
I calculated your mining results on coinwarz.com:
http://www.coinwarz.com/cryptocurrency/?sha256hr=22&sha256p=0.00&sha256pc=0.0000&sha256c=true
result was this:

BTC / USD rate: 380 Hashpower (GHs): 22
Maintenancefee USD: 0,044 0,002 per GHs
Maintenancefee BTC: 0,00011579
Coinwarz.com result BTC: 0,00009218
Maintenancefee BTC: 0,00011579
Result minus fee BTC: -0,00002361

so you had an negative payout since then, because the maintenance fee was higher than the mining result.
As it is stated in the terms of contract, your contract will be terminated in case there are more than consecutive 20 days no payouts.
--------------------
The Big Question is: what includes this "Maintenance fee" and how and who calculate this???!!!
It is definitely not a fair play from gm side!!!
I finish with my investments in "cloud mining" - better to invest into mining hardware myself!!!

Yes, too hard get ROI invest in cloud mining and in all cloud mining case no one get a profit or get back their money. i hope your calculation will make anyone think first before they put a money in cloud mining.

due to recnet increase in difficultly level ..getting roi take longer then we expected ..so you have to wait for long time to get roi

... and while waiting longer to get your ROI there will be a new chip out and your contract ends, because of the terms.
I understand who will earn the money 100% safe. The casino --- I mean the farm Wink

The point: If there would be a lot of gold coming out of a mine - why share and take money/bitcoins for it? Wink

Finally I got it and for now I wont spend money in it.
I think if a farm is very very new (new machines, new chip etc.) then it can work with a fresh new contract.
And its fair, because you help to build the farm with your money.
At this point (bitcoin split - new asics incoming etc.) - no thank you.

Now I want an asic with 10nm chip tech. + living inside a powerplant Cheesy