Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider!
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.
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.
The contract says $0.08 maintenance fee, but we never deducted that amount from anyone. And we promise to keep it at or below $0.05.
Your are right, that BTC price increase helps to reduce the maintenace cost. However, this is only one part of the story. Equally or even more important is how the relevant altcoins perform vs. BTC. And how the overall difficulty changes.
For example LTC (as one of the relevant altcoins) lost value during the last few weeks against BTC. Also DOGE lost value against BTC:
http://www.ltc-charts.com/period-charts.php?period=2-weeks&resolution=day&pair=ltc-btc&market=btc-e
https://bitcoinwisdom.com/markets/bter/dogebtc
If you compare other multipools you will see this decline as well:
http://clevermining.com/profits