So when the bitcoin halving occurred it seemed logical to me that my payout to the miners would have decreased by 50%.
However my payments decreased by roughly 3.5 times
The payout before the halving was 0.00111840, so I was expecting my new payouts to be about 0.00055920.
However I got paid 0.00032694 yesturday and 0.00032072 today.
It seems to me that genesis-mining is using the halving as an excuse to scrap off additional coins that should be paid out.
It is no good looking at your payouts and thinking..well halving means half so that means i should get half of what I get before.
Here is an example, just an example mind you but it will it help show you why you do not get half the amount as before.
A person buy 1TH/s with Genesis Mining in March, their daily fee is 0.55 USD per TH/s per day.
On the day of the halving, 1TH/s mines on average about 1.54 USDs worth of Bitcoin a day before any fee is removed.
Genesis mining then takes 55 cents off that amount for the maintenance, and gives the person 99 cents worth of Bitcoin. 1.54 USD - 0.55 USD = 0.99
Today for example on average 1TH/s mines around 0.78 USD a day. Only an average mind you as pool performance and other factors always influence that payout amount too.
Genesis Mining then deducts 55 cents off that amount for the maintenance and gives the person about 0.23 USDs worth of Bitcoin. 78 cents - 55 cents is 23 cents.
.
As you can see...you quite clearly do not get half. I guess people think that because they were getting 99 cents worth of Bitcoin before the halving then they should get half of that after which is 49 cents or so. But as you can see, once you do the maths, you clearly do not.
But GM has not done anything, the fee is still 55 cents as before, all they are paying you is what you should be getting paid.
My payouts with Hashnest have dropped also btw so this is not just a Genesis Mining thing.