Ninjastic
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Board Scam Accusations
Re: Scam alert : Do NOT INVEST in Genesis Mining
by
suchmoon
on 08/02/2017, 23:43:49 UTC
Quote from: Zeta0S on February 08, 2017, 10:51:31 PM
Quote

Never heared so much bullshit. I don't know if you are one of the Genesis Mining "minions" trying to ruin this thread lol,

Did you not try to ruin the official Genesis Mining Thread yourselves?

Can you enlighten us on how Genesis makes sense? Here is the basic math:

Quote from: suchmoon on February 08, 2017, 05:02:15 PM
Why don't we stick to the subject of Genesis Mining.

http://genesismining.freshdesk.com/support/solutions/articles/1000128858-maintenance-fee

Quote
The maintenance fee is deducted from your daily mining output each day and is 0.0003 USD per 1 Gh/s for SHA 256 hashpower. These are the current fees for these contracts and was updated January 24 2017.

If you take an S9, which is approximately 13 TH/s @ 1.4 kWh, this maintenance fee translates into ~0.116 USD per kWh. Or you can use the maintenance fee itself in a calculator such as this:

https://bitcoinwisdom.com/bitcoin/calculator
(use Maintain Cost instead of Electricity Price)

Let us know what you get.


Feel free to contribute.