Quote from: Bonobo on June 01, 2014, 02:35:01 PM

Quote from: Genesis-Mining on June 01, 2014, 11:21:24 AM

@Bonobo: Thank you for the effort of those huge tables and graphs. We think the scrypt-btc conversion rate will not fall forever, though we have no fancy graph for it. If we could predict the prices accurately - we already would be at our own islands in the carribean Wink

But honestly, we do believe in strong scrypt coin prices in the future and good chances within the mining models, we would not be running this company if we didn't believe its giving back value and profit to also our customers!

I hope you are right. My point is that, with the current rate of returns at an annual rate which would more than double the initial investment, it is tempting to let greed get the better of caution. It is now clear to me that making a profit from mining, even with a good, honest service like Genesis Mining, is by no means a certainty. I was about to double my investment until I crunched the numbers, but now I will hold back and see what happens for at least a month or two. If the current down-trend in returns is short lived I will be back for more. I would also be much more inclined to increase my investment if GM would make a firm commitment to proportionally increase the hashpower of existing customers if and when you drop the prices for new contracts. You did exactly that on May 15th, which seems to me a very good way to keep your customers loyal, and if I could be sure that this was company policy, not just a one-off, I would be buying new contracts now.

Well, most important is the part "It is now clear to me that making a profit from mining, even with a good, honest service like Genesis Mining, is by no means a certainty"
We cannot guarantee the rate of return per M/hs per day at any point. As stated, it is simply impossible to say today what the coin prices will be like in a week or even tomorrow.‏

We DO guarantee stable hashpower and daily payouts along all our features we already implemented and will implement in the future.‏

In clear words:
Mining is gambling as all Investments and especially Investments related to bitcoin! You make a high risk bet with high expected returns, but no one can guarantee them. If you are looking for riskless profit, we cannot deliver. (And nobody can!)

If you want the most profitable mining contract right now, and expect reasonable coin prices, welcome, we are happy to have you as our customer!‏

‎Asides we take the chance to announce our upcoming affiliate program:

We will pick some of our satisfied and happy customers and also some of the people who are actively posting here and are engaged in Genesis Mining for longer time to create personalized promo codes for them!
If you win somebody to buy a contract with us using this personalized code, this will grant you 3% additional hashpower as well as 3% rebate on contracts for the customer you won!

This will be implemented within the next days! Stay tuned for that!