Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider!
Short Update regarding maintenance fees:
Contractual maintenance fees for lifetime contracts are $0.08 per MH/s and day (scrypt). These fees cover electricity costs, servicing and so on. If BTC prices decline (like in the past month) the amount of BTC deducted from the mining output increases.
To mitigate this effect we decided from day 1 on to reduce the maintenance fee to $0.05 per MH/s and day (no one ever paid more). Genesis Mining will do whatever is possible to protect their valuable customers against adverse market effects and to improve their profit. This reduction of the maintenance fee (by almost 40%!) to $0.05 is permanent!
Happy Mining,
Your Genesis Mining Team
News regarding Project X will follow shortly. Stay tuned
Contractual maintenance fees for lifetime contracts are $0.08 per MH/s and day (scrypt). These fees cover electricity costs, servicing and so on. If BTC prices decline (like in the past month) the amount of BTC deducted from the mining output increases.
To mitigate this effect we decided from day 1 on to reduce the maintenance fee to $0.05 per MH/s and day (no one ever paid more). Genesis Mining will do whatever is possible to protect their valuable customers against adverse market effects and to improve their profit. This reduction of the maintenance fee (by almost 40%!) to $0.05 is permanent!
Happy Mining,
Your Genesis Mining Team
News regarding Project X will follow shortly. Stay tuned
So if I get you right, you are saying, that the maintenance fee of $0.05 per MH/s is the "unofficial" fee you are charging instead of the contracted $0.08 per MH/s, correct?
Any specific reason why payouts are still lower than for example 2 weeks ago, even though BTC is slowly climbing up again, just curious, no FUD, don't get me wrong.