Post
Topic
Board Service Announcements (Altcoins)
Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider!
by
Wintermute
on 10/09/2014, 23:05:58 UTC

I was just looking at the contracts now.

There is a part about having to pay fees now each day. Is this the same as before or is this a new cost now because the contracts are now lifetime?

2. Remuneration
As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of (the "Fee"):  
a. 0.01795 USD per kH/s upfront
b. 0.08 USD per MH/s and day, deducted on a daily basis* from the generated Coins

Is this for new contracts only and will those who have the yearly contracts not have this fee in place until the year is up and they get moved automatically to the new unlimited one??

Thanks in advance.

Ian


I remember that the first version of their contracts were working this way (they called it "electricity cost" at that time IIRC). Then they changed to 1y contracts with all fee etc included. Now they are back with lifetime contracts and an ongoing"maintenance fee". Seems to be the same fee amount that gaw is charging (0.08 USD per day and MH/s). However, GM is cheaper and allows to mine a number of Altcoins, while you are locked with BTC mining only in gaw-land (not even pool switching is possible or cost extra - seriously?).