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Re: Genesis-mining.com || World's leading hashpower provider!
Prepare for pain
Estimated Next Difficulty: 92,107,438,639 (+16.44%)
Adjust time: After 1363 Blocks, About 8.2 days
Estimated Next Difficulty: 92,107,438,639 (+16.44%)
Adjust time: After 1363 Blocks, About 8.2 days
Bitcoin price also got higher about 16%
It looks like everyone turned on their new Antminers today. I'm assuming GM just runs all of their farm all the time and it would not matter if people purchased more HASH? Or if someone came along and made a large purchase on GM would they then spin up the miners? I can't imagine them sitting with machines turned off.
Looks like mount Everest https://bitcoinwisdom.com/bitcoin/difficulty
might be 20% gain this time.....
Re: Genesis-mining.com || World's leading hashpower provider!
Payouts for GM have been higher since the last 10% increase on SHA . maybe they have the math backwards :-)
i disagree.
Below are payouts for 50 GH/s SHA 256 from one day before last difficulty change till now. Payouts based on 0.0012 USD per GH/s fee.
Payout before difficulty
Mining Day 23.11.2015 0.00019439 BTC
Payout after difficulty
Mining Day 24.11.2015 0.00015773
Mining Day 25.11.2015 0.00015877
Mining Day 26.11.2015 0.00017065
Mining Day 27.11.2015 0.00017470
Mining Day 28.11.2015 0.00017457
So looking at that, where is the payout that is actually 10% higher than it was before the difficulty change? Payout before the change was 0.00019439 and last payout was 0.00017457
I would say that payouts have decreased since the difficulty change.
The payouts have rose in the last few days since the difficulty change because BTC price has been slowly moving up again.
Here are the payouts for contracts with 0.0015 USD per GH/s fees. Again based on 50GH/s
Payout before difficulty
Mining Day 23.11.2015 0.00014801 BTC
Payout after difficulty
Mining Day 24.11.2015 0.00011098
Mining Day 25.11.2015 0.00011241
Mining Day 26.11.2015 0.00012272
Mining Day 27.11.2015 0.00013280
Mining Day 28.11.2015 0.00013228
Again..where is the 10% rise on SHA.
If you are referring to your X11 payouts, again, that has nothing to do with SHA. BTC (AUTO) is based on mining most profitable X11 coins and then those are traded at payout time to BTC, so if those X11 coins mined go up in value against BTC, then so does your payouts.
BTC difficulty does not really have an effect on X11 mining but BTC value can.
For example when BTC price went up to almost 500 USD recently, the prices of most coins fell against BTC. Litecoin rose a little but apart from that most coins fell in value. Dashcoin and Start fell alot in value during the rise and the reason for this was most likely that people that had lots of coins they were holding, saw the price of BTC rise and then traded all their coins to BTC when they could as nobody had any idea where the price of BTC was going to go to. So lots of coins being traded meant that they were being dumped on the market so their value decreased so when those with X11 using BTC (AUTO) were getting their daily payouts, the amount of BTC they were getting fell.
In one of the links above you can see what has happened to Start and Dashcoin value over time.
What do you attribute the drops on the 24/25 to then? and why the increase on the 26?
Seems like they changed their math or something on the payouts.
Also I have added some GH and found that payout jumped more than expected once I was about 100 GH. I have 270 GH and I'm receiving this in the last few days
29.11.2015 BTC 0.00071837
28.11.2015 BTC 0.00070094
27.11.2015 BTC 0.00070145
26.11.2015 BTC 0.00068517
25.11.2015 BTC 0.00063731
24.11.2015 BTC 0.00063315
23.11.2015 BTC 0.00078053
22.11.2015 BTC 0.00077568
my last purchase was on Nov 15. This was not meant to be a positive or negative comment just something I noticed.
and yes x11 is all over the place and makes no sense.
Fahlcor
With SHA 256 contract, you have to take into account the maintenance fees that gets deducted from the payout each day. When Bitcoin goes up in price then the amount of Bitcoin that gets removed from your fee gets less and also alternatively when Bitcoin goes down in price against USD and other currencies like Euro and Pounds etc then the amount of Bitcoin that gets removed for the fee increases.
You must have different types of contracts in your account. You can not have all of your 270GH/s at the 0.0012 USD per GH/s fee rate so you must have either older contracts too with 0.0015 USD per GH/s as part of your 270GH/s or you have also bought with a Credit Card and some of your payouts are being held in the pending balance for 30 days etc.
The reason I write this is because for example if I take your payout after the difficulty change which was 0.00063315 and divide that by 270 as you write that you have 270GH/s I get 234.5 satoshi per GH/s.
But if I take my payout which i know is 50GH/s for the same day I get a total of 315.46 satoshi per GH/s or for 270 GH/s would be a payout of around 0.00085174 BTC
It is only SHA 256 contracts that have a maintenance fee, X11 contracts do not as you have paid that upfront already when you purchased the hashpower contract.
yes 70 ghash are old and forever.
200 are new and at the lower rate. That make more sense on the daily fluctuations based on the value of BTC being deducted for the fees. So the higher the BTC rate the less impact there is on the payout.
I still think if you are buying in to just buy BTC and play the money market with it and you would likely make more :-)
Fahlcor
Re: Genesis-mining.com || World's leading hashpower provider!
Payouts for GM have been higher since the last 10% increase on SHA . maybe they have the math backwards :-)
i disagree.
Below are payouts for 50 GH/s SHA 256 from one day before last difficulty change till now. Payouts based on 0.0012 USD per GH/s fee.
Payout before difficulty
Mining Day 23.11.2015 0.00019439 BTC
Payout after difficulty
Mining Day 24.11.2015 0.00015773
Mining Day 25.11.2015 0.00015877
Mining Day 26.11.2015 0.00017065
Mining Day 27.11.2015 0.00017470
Mining Day 28.11.2015 0.00017457
So looking at that, where is the payout that is actually 10% higher than it was before the difficulty change? Payout before the change was 0.00019439 and last payout was 0.00017457
I would say that payouts have decreased since the difficulty change.
The payouts have rose in the last few days since the difficulty change because BTC price has been slowly moving up again.
Here are the payouts for contracts with 0.0015 USD per GH/s fees. Again based on 50GH/s
Payout before difficulty
Mining Day 23.11.2015 0.00014801 BTC
Payout after difficulty
Mining Day 24.11.2015 0.00011098
Mining Day 25.11.2015 0.00011241
Mining Day 26.11.2015 0.00012272
Mining Day 27.11.2015 0.00013280
Mining Day 28.11.2015 0.00013228
Again..where is the 10% rise on SHA.
If you are referring to your X11 payouts, again, that has nothing to do with SHA. BTC (AUTO) is based on mining most profitable X11 coins and then those are traded at payout time to BTC, so if those X11 coins mined go up in value against BTC, then so does your payouts.
BTC difficulty does not really have an effect on X11 mining but BTC value can.
For example when BTC price went up to almost 500 USD recently, the prices of most coins fell against BTC. Litecoin rose a little but apart from that most coins fell in value. Dashcoin and Start fell alot in value during the rise and the reason for this was most likely that people that had lots of coins they were holding, saw the price of BTC rise and then traded all their coins to BTC when they could as nobody had any idea where the price of BTC was going to go to. So lots of coins being traded meant that they were being dumped on the market so their value decreased so when those with X11 using BTC (AUTO) were getting their daily payouts, the amount of BTC they were getting fell.
In one of the links above you can see what has happened to Start and Dashcoin value over time.
What do you attribute the drops on the 24/25 to then? and why the increase on the 26?
Seems like they changed their math or something on the payouts.
Also I have added some GH and found that payout jumped more than expected once I was about 100 GH. I have 270 GH and I'm receiving this in the last few days
29.11.2015 BTC 0.00071837
28.11.2015 BTC 0.00070094
27.11.2015 BTC 0.00070145
26.11.2015 BTC 0.00068517
25.11.2015 BTC 0.00063731
24.11.2015 BTC 0.00063315
23.11.2015 BTC 0.00078053
22.11.2015 BTC 0.00077568
my last purchase was on Nov 15. This was not meant to be a positive or negative comment just something I noticed.
and yes x11 is all over the place and makes no sense.
Fahlcor
Re: Genesis-mining.com || World's leading hashpower provider!
In a few days :
Estimated next difficulty : 79,399,240,822 (+9.18%)
Estimated next difficulty : 79,399,240,822 (+9.18%)
Payouts for GM have been higher since the last 10% increase on SHA . maybe they have the math backwards :-)
Re: Genesis-mining.com || World's leading hashpower provider!
I have been observing outputs from GM against the outputs that I have from a physical miner (on a PPS model). I am beginning to question the rate of returns of GM.
I am tracking their payouts for a long time, and found them to be reasonable (with slight variations, which are to be expected).
It helps if you back up your vague accusations with data: date, coin/algorithm, hashrate, maintenance fee.
I guess I got in when they were up and then doubled up because it was good. Now with double I'm getting less than when I got in which seems wrong.
how do you guys mine the x11? Auto or pick a coin and do it yourself?
How variable is the x11? Does anyone know how GM determines what they are mining and when they switch coins?
Thanks
Fahlcor
Re: Genesis-mining.com || World's leading hashpower provider!
X11 took a hit last 2 payouts..damn.
But why is the question
Re: Genesis-mining.com || World's leading hashpower provider!
many tanks for your reply...
but as much I searching and learning online and with your help with answer I can say now that with mining profit is poor and very risky... I will not bother if is slow earnings .. but after all calculation mining become to much risky... will not even bother if is risky and if we can make good ROI ... but you see my point? hight risk/low earnings ... what you thing ??
sorry for my english ..I am not the best
It is well known that mining is risky. And so is Bitcoin. Thus, the same rule applies:
"do not invest more than you can afford to lose"
Everyone has his own expectations about the future and will act accordingly. My sha contract for example was profitable. I have invested recently some money in X11 because prices and hashrate are relatively stable and if this continues I will make a profit, as well.
Also with GM you have the option to mine different coins. By the way it would be great if you guys could add Ethereum, as well!
How well does the direct mining work? I have only left it on auto as I don't want to deal with the exchanges. What does GM mine on x11 anyways? Do they move from coin to coin for profitability or? I have not see anything about the x11 process and what they are mining.
Thanks
Fahlcor
So a few days back I purchased another 1 Mhash of x11 bso I expected the first day to be lower due to the fee and maybe a full payout on the second day but I seems small. I don't think the difficulty on SHA should have anything to do with the difficulty going up.
Is the x11 mining more volatile than the SHA?
GM support is there some light you can shed on how this works? I won't be purchasing more until there is something. Even a PM with info would be great. Or a link to the site that says as I can't find any real details about this.
Thanks
Fahlcor
Re: Genesis-mining.com || World's leading hashpower provider!
many tanks for your reply...
but as much I searching and learning online and with your help with answer I can say now that with mining profit is poor and very risky... I will not bother if is slow earnings .. but after all calculation mining become to much risky... will not even bother if is risky and if we can make good ROI ... but you see my point? hight risk/low earnings ... what you thing ??
sorry for my english ..I am not the best
It is well known that mining is risky. And so is Bitcoin. Thus, the same rule applies:
"do not invest more than you can afford to lose"
Everyone has his own expectations about the future and will act accordingly. My sha contract for example was profitable. I have invested recently some money in X11 because prices and hashrate are relatively stable and if this continues I will make a profit, as well.
Also with GM you have the option to mine different coins. By the way it would be great if you guys could add Ethereum, as well!
How well does the direct mining work? I have only left it on auto as I don't want to deal with the exchanges. What does GM mine on x11 anyways? Do they move from coin to coin for profitability or? I have not see anything about the x11 process and what they are mining.
Thanks
Fahlcor
Re: Genesis-mining.com || World's leading hashpower provider!
Difficulty Nov 24 2015 72,722,780,643 +10.44% 520,569,941 GH/s
Estimated Next Difficulty: 80,001,963,550 (+10.01%)
Adjust time: After 1941 Blocks, About 13.2 days
Estimated Next Difficulty: 80,001,963,550 (+10.01%)
Adjust time: After 1941 Blocks, About 13.2 days
Wow!!
back to back 10% would suck.
Re: Genesis-mining.com || World's leading hashpower provider!
Seriously Genesis Mining...?
You shouldn't delete my posts when I'm answering somebody else and when my post is neutral.
You shouldn't delete my posts when I'm answering somebody else and when my post is neutral.
hi GM support...
1.)I try to look in your website and also I try to log in and I go in section to pay but you are not showing this fee (0.0012$) anywhere ...why?
2.) we try several time calculate and it seams that btc mining with you is not profitable at all ... instead there is a risk if we will recive even initial deposit back... are you going to offer some better deal in near future ?
3.) if bitcoin price jump to 500$-1000$ do you changing your contract and increasing price or you keeping price always the same ?
GM...can you answer on my other 2 questions please?
Please do keep in mind, in a scenario where the BTC-price doubles, it would have been better to HODL your Bitcoins instead of spending them on cloudmining!
To answer your first question, to see fees, make an account, order some hashing power and select 'View Agreement'.
this was not my question ... I ask if btc price increase to 1000$ they will change contract price or will stay the same ?
Marko,
IMHO you would stand a better chance to make something day trading the BTC than buying hash here at this time. The contracts are lifetime but if the price increase the difficulty will also as people around the planet bring hardware back on-line. Once the halving occurs it will earning 1/2 what it is now also.
What I have been looking at and watching is the X11 stuff. Most of that stuff show to ROI in about 280 days based on my math. These contracts are for 365 so they should make ROI. Again this is like the stock market and depending on what coins are mined.
My BTC is going towards x11 for now.
Not sure if this helps. Genisis has been good about keeping the prices stable as the BTC price moves around. It seems to be adjusted daily to the market value.
Fahlcor
Re: Genesis-mining.com || World's leading hashpower provider!
Estimated Next Difficulty: 72,025,533,033 (+9.38%) ==> I told you. And it will be worse and worse.
ahah. I love when someone is quoting my deleted post. Looks like GM doesn't want to talk about the difficulty rising. Wonder why they do it before you buy anthing from them.
Just bought 150 Gh/s lifetime (sha256), hope for ROI but i just mostly do this for fun instead of buying fallout 4.
dont care if it take 1-3 years.
why is it better to buy:
X11 1 Mh/s for 24 USD 1 year, then sha256 50 Gh/s for 22,49 USD Lifetime?
sha256 still higher hash-rate?
Sincerely
Styrupp
get discount of 3% on all Hashpower packages use - fueRBs
dont care if it take 1-3 years
. why is it better to buy:
X11 1 Mh/s for 24 USD 1 year, then sha256 50 Gh/s for 22,49 USD Lifetime?
sha256 still higher hash-rate?
Sincerely
Styrupp
get discount of 3% on all Hashpower packages use - fueRBs
I did the same. Can someone post a link to how maintenance works. I'm looking at the numbers that my hash is making and wondering why they are so low but I have not been able to find the cost to run the hash to calc it all out.
Seems low at this time but I'm likely just not doing all the math.
Thanks in advance.
Fahlcor
Your payouts are low because GM is taking high fees and making money with the miners you paid for.
You can do some math here : http://www.coinwarz.com/calculators/bitcoin-mining-calculator
In my opinion you can say goodbye to your money. With difficulty rising (next difficulty +8-9%) and halving next year you will never ROI.
https://bitcoinwisdom.com/bitcoin/calculator
I use this as at least it helps account for the difficulty increases. I calc at 10% and 5% which is a little bit more likely an average based on the last year (1.96% actual). I look at it 2 ways. If I want my BTC back then it could take a little while. but don't forget these SHA purchases are FOREVER. and if the difficulty drops (which it could once the warm season come back) then we could make some real BTC. I also run my miners on free hydro and I have been putting the BTC back into GM to hopefully get a snowball going. I have no plans to purchase any more physical hardware but this is an alternative.
I think the real problem is that people now have tons of high capacity miners and some even turned them off due to the low price of BTC and cost to run them. I think people are waking up those machines again as the price of BTC increases.
Back to my question though. How do I figure out the maint cost on my purchases. Yes if GM can do it cheaper then great
Thanks
Re: Genesis-mining.com || World's leading hashpower provider!
Just bought 150 Gh/s lifetime (sha256), hope for ROI but i just mostly do this for fun instead of buying fallout 4.
dont care if it take 1-3 years.
why is it better to buy:
X11 1 Mh/s for 24 USD 1 year, then sha256 50 Gh/s for 22,49 USD Lifetime?
sha256 still higher hash-rate?
Sincerely
Styrupp
get discount of 3% on all Hashpower packages use - fueRBs
dont care if it take 1-3 years
. why is it better to buy:
X11 1 Mh/s for 24 USD 1 year, then sha256 50 Gh/s for 22,49 USD Lifetime?
sha256 still higher hash-rate?
Sincerely
Styrupp
get discount of 3% on all Hashpower packages use - fueRBs
I did the same. Can someone post a link to how maintenance works. I'm looking at the numbers that my hash is making and wondering why they are so low but I have not been able to find the cost to run the hash to calc it all out.
Seems low at this time but I'm likely just not doing all the math.
Thanks in advance.
Fahlcor
Just letting people know that Ghash is still recovering from their cloud hash problems and some users have yet to be compensated. It looks like they are trying to hide it by closing posts and not letting user post about it on their own support site even.
And based on their "official thread" not having a single mention on it for 3 days about this I would say they are either deleting posts about it.
Anyone else having compensation issues with ghash?
Fahlcor
And based on their "official thread" not having a single mention on it for 3 days about this I would say they are either deleting posts about it.
Anyone else having compensation issues with ghash?
Fahlcor
according to coinwarz its much better to mine than rent!! 3btc in 24hrs its saying?!! can only hope...
Coinwarz was going mad, 16th now is saying 1.2 btc daily.
PayCoin mining is a bit of a gamble since PayCoin network hashrate and block findings fluctuates a lot (it is a game for those who want to risk a bit) ... your safest bet would be to use our multipool and get a stable income with pure PPS system.
https://www.nicehash.com/index.jsp?p=stats (SHA256 tab)
https://www.nicehash.com/index.jsp?p=gstarted#seller
NiceHash.com
If you were to lock your sellers into the orders I would hash there more often Nicehash... The fact that If I did go and rent on another site and then have the order vanish has happened to me. Make the orders have to stay or go up in price. But being able to outright cancel them is not nice.
Rentals are cooling off it seems and the Nicehash/westhash are back down to 3x levels. Now lets see what happens this weekend.
Fahlcor
It all depends what happens with the coin after the weekend.
right now the coins are not worth much. I'm guessing everyone is just pre-mining them and hoping for the $20 payout to start.
I guess if that is the worst case it is still a good option. Worst case you rent and take the 5x profit and know you are safe and have coins you can use. Best case they hit $10k and you get non. ;-)
I'm really hoping that they don't hurt the price of BTC.
Fahlcor
right now the coins are not worth much. I'm guessing everyone is just pre-mining them and hoping for the $20 payout to start.
I guess if that is the worst case it is still a good option. Worst case you rent and take the 5x profit and know you are safe and have coins you can use. Best case they hit $10k and you get non. ;-)
I'm really hoping that they don't hurt the price of BTC.
Fahlcor
Looks like the prices are dropping on the rentals now slowly. how does paycoin actually compare to BTC?
I have read some about them but I would be interested in a real person saying how they compare...
Thanks
Fahlcor
I have read some about them but I would be interested in a real person saying how they compare...
Thanks
Fahlcor
If you look at their site it shows this. They show being able to use the coin in a debit card like way linked to account. You could spend anywhere almost.
If it all happens no one knows. But lots of speculation, especially on price.
Well I have made nearly 10 days worth of btc in 1 day renting my gear out I might as well try mining it for a day...
Why aren't more retailers using bitpay to take btc? seems like the perfect fit for retailers to get on a new currency without any effort.
Fahlcor
got it! Check your pm pls 
Can I get a PIN also pls...
Thanks
Looks like the prices are dropping on the rentals now slowly. how does paycoin actually compare to BTC?
I have read some about them but I would be interested in a real person saying how they compare...
Thanks
Fahlcor
I have read some about them but I would be interested in a real person saying how they compare...
Thanks
Fahlcor
Did someone forget to move the decimal over or?
http://www.miningrigrentals.com/register?ref=5779
get into the rental game now. I have had my miners making 10x for over 24 hours. I don't know why or how but the sites are paying.
Anyone know where all the miners are being rented for? Or what they are mining?
http://www.miningrigrentals.com/register?ref=5779
get into the rental game now. I have had my miners making 10x for over 24 hours. I don't know why or how but the sites are paying.
Anyone know where all the miners are being rented for? Or what they are mining?
Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
Now why would they do away with OpenID I wonder ?
Maybe this will force sites to design their own dedicated app, such as Authy that Ghash use.
According to the link their is a newer version that sites can use.
Same thing just newer protocol I guess...
Fahlcor