I like it because only real crypto fans will understand it

If Rick from Casablanca was around he would be playing this too.  Good ICO contract, reasonable odds. I already played it!

Don't tell me there is no hope for ICO's, Jesus Coin gave me back faith in them.

Been waiting on a payout of .01 something since the 25th, and if I read between the lines correctly, doesn't sound like I will be seeing that BTC anytime soon, if at all.  Quite an annoyance for sure.

No one has a clue on the noise factor seeing as Shipping starts from 12 June.  My guess is it will be the same, the picture of the machine looks like they stuck with the same exact fans as the S7.  If you have issues with that you could always go ahead and get a Quieter fan from someone like Noctua, which is what I had to do when I had my S5 running. 

I do wish these companies would realize it is 2016 and add Wi-Fi ability to their machines as well, I mean hell even just add the ability to add a USB Wi-Fi Dongle for christs sake, would make placement of the miners so much easier for those who mine at home and don't have a giant factory with Internet and decent cooling.

Not sure I would bother with halving so close to happening and how long shipping would take.  But yeah it's here and on Bitmains site.  It is using the new 16nm chipset though so it is their next gen.  Oh yeah almost forgot the price.  Price: 2100 USD or 3.92 BTC

ANTMINER S9 First Batch - Shipping starts from 12 June

S9 Specifications:

1. Hash Rate: 14.0TH/s ±5%

2. Power Consumption: 1375W + 7% (at the wall, with APW3 ,93% efficiency, 25C ambient temp)

3. Power Efficiency: 0.098 J/GH + 7%(at the wall, with APW3 93% efficiency, 25°C ambient temp)

4. Rated Voltage: 11.60 ~13.00V

5. Chip quantity per unit: 189x BM1387

6. Dimensions: 350mm(L)*135mm(W)*158mm(H)

7. Cooling: 2x 12038 fan

8. Operating Temperature: 0 °C to 40 °C

9. Network Connection: Ethernet

10. Default Frequency: 650M

From what I am seeing it looks like HashNest has a maintenance Fee of $0.0005796 GHS/Day and Genesis is currently at $0.00055 GHS/Day.  So currently the more profitable one is Genesis, but the caveat there is that you cannot sell your Hashrate at a later date like you can on HashNest. 

For the current Fees on the Hashrate you are purchasing you have to get to the upgrade hashpower than go to checkout, than select View Agreement Toward the bottom of the page and it will tell you the Fees.

To view your fees on older Hashrate you can go to your My Account link and in the drop down list go to My Orders and than you scroll down to find your Orders and you can View each individual contract which should tell you what Fee was attached to the old hashrate you have.

As far as the actual Fees go. Basically the old Hashrate will always be at the set fee they where when you bought it.  If say a new Miner with better fees comes out and you go ahead and buy that, the new Hashrate will be at the new Fee Rate.  So it would be a mix than, your old Hashrate will be at the higher rate, the newer hashrate would be at the new rate.  So for instance say you buy 100 GH/s now at 0.006 for Fees, than later on a new one comes out and the fee for 100 GH/s would be 0.0001, the old hashrate will still be .006 but the new would be .0001.

You can view the Contract Agreement before the Purchase but you do need to add it to the Cart before you can actually see what Fee is included on the Hashrate your trying to buy.

Hope that helped clear up any questions you had about that.

Yeah, I had an issue with massively slow hashrate on a brand new 390x.  Had the newest Crimson installed, bumped back to 15.something and my hashrate went to where it should be.  By bad hashrate I mean it was only putting out maybe 10 and it was never recognized by the pools.  So what I am saying is you need to do a search for a version of Crimson that will function properly for your setup. 

This is probably half the problem, Direct quote from   http://cryptomining-blog.com/6504-genesis-mining-what-is-more-profitable-to-mine-btc-dash-or-eth/

"Unfortunately the earlier adopters might not be way too happy if they have purchased hashrate with higher maintenance fee as with the recent rapid increase in the total Bitcoin network hashrate and the high exchange rate per BTC the profit might not be that great. Currently the service sells Bitcoin cloud mining hashrate with $0.00069 USD per GHS per day as a maintenance fee, but some months ago it was $0.0012 USD per GHS and prior to that $0.0015 USD and even before that $0.002 USD. It is important to note that the maintenance fee is set at the time you purchase hashrate based on the currently set feed (depending on the generation of mining hardware being used). This means that if you have purchased 1 THS Bitcoin cloud mining hashrate 1 year ago, then now it would be earning you less than if you purchase 1 THS hashrate at the moment. Of course you would have mined for 1 year with that 1 THS, but then again you would have been mining for 1 year already with that previously purchased hashrate at a much lower difficulty."

So as that states, depending on when you bought your bulk hashrate, it is going to have an effect on maintenance fees etc.  Kind of like how HashNest is, the only difference here of course is that you cannot Sell your hashrate for something else that will continue to work.  Also anyone who is going to get involved with Cloud Mining, you Really need to read the TOS, let alone I noticed it when I first bought hashrate there it states quite plainly that if maintenance fees ever become more than what your hashrate is worth it will be turned off.

Still, I do agree, it does state lifetime mining and it should be lifetime regardless.  

As for investing in your own hardware.  If you have the ability to do so I would do it.  There are a lot of people though who would not have that option, either due to noise issues, not having enough power to deal with the hardware, let alone you have to calculate electricity vs. what you are making per month, maintenance, heat, etc.

For everyone who thinks Genesis has stopped paying.  Go to your history, you probably do not have enough hashrate to get the daily payout minimum.  You are still getting paid, you just aren't noticing it because like I said you do not have enough hashrate for a daily payout.  As for everything else, I tend to not like 1 year contracts because they can fluctuate too wildly.  The whole point of a "Lifetime" Contract is more for those who are in it for the long haul.  If you want quick and dirty find someplace else, granted you are not going to find much that will do that unless your willing to take risks in something like HashOcean or some such thing.

So let's say you invest a couple hundred into Genesis and get daily payouts of .0001 or something and all the sudden one BTC is worth $1500, your ROI radically decreased all the sudden.  That's what people who invest in something like this typically are looking at.

That's interesting, good insight.  Didn't know that.  Last I heard it would slow down their ability to process blocks with an increase in blocksize, although that is what I read in a semi main stream media outlet so there is that to contend with.  Knowing the actual Technicals helps, which you seem to know so at least that is helpful information.  I do appreciate your input though and it is helpful at least.

All I will say at this point is people need to research more.  The inherent problem of course is finding a reputable source or sources to take your information from.  Although honestly that is a larger problem than just Bitcoin issues.  Too many media outlets and every one of them seem to think they know exactly what they are talking about.

Everyone has their own reason why they want it one way or another.  In China's case they want the blockchain to stay at 1MB due to being behind the Great Firewall as it is called.  The issue with them would be the fact that it would take longer for them to hit a block than it currently does because it would add more data to get through their Firewall.  Although that isn't such a bad thing, it would cause Mining Power to shift a bit and would probably in all honesty make the Mining Powers more diverse than it currently is.

Raising the blockchain limit to 2MB also causes another issue with Hard Drive space.  Some people tend to think that it would create an issue for people running Nodes currently because the blockchain size would increase too much causing people to have to shut down nodes.

Either way you go about it, this whole blocksize debate is somewhat negligible.  Typical growing pains of a technology getting a lot of recognition and adoption.  Same thing happened with the internet when it first started.  There would be times people wanted to get online but couldn't due to network congestion at peak times.  More or less the same thing that is happening to the blockchain.  People want to make a transaction and can't because there are a bunch of other transactions being processed so there is a delay.  Of course now we have the internet as we know it without having to use phone lines etc.  My basic point here is that it will eventually sort itself out in the end just as the internet did, just takes some time to get things sorted out.

Thank you for doing the math, I am sure that will help some people with their decision's.

True enough, though I would say on average you would cover the cost plus some mining on your own.  Me personally my Electricity runs at around .09 Cents to .11 Cents.  Not exactly sure what the break even ratio is though as I have issues doing the math of that, but I would assume most would at minimum break even in general with the current price of Ethereum being around $4.82 per, and on average you will make around .8-1 Ethereum per Day give or take a little bit.

Ether mining with Genesis is pointless in general.  For the price of 20 MH/s which is $880.  You could buy a half way decent PC, stick a 290x in it and get 27 MH/s and have full control over what your system is doing.  FYI a 290x only costs, after a discount on Newegg, $290.......  So yeah you could get almost Triple what Genesis gives you if you have a few random PC's sitting around that could handle a 290x tossed into it.

So Basically the pricing they have for Ethereum mining is a complete and total ripoff, especially if you consider within 10 months or so I believe I read somewhere Ethereum is switching over to PoS only.

I can personally vouch for daily payouts, https://blockchain.info/tx/ee5d3125632d019dc9f45a42161f28977a0bb28f67570954f35455d83cd2add0.   1HizkoF23GwhuiYJBJTY75k448GCvM2tPA 0.03291435 BTC

As for how long it will continue on, that is the ultimate question.  It could go belly up tomorrow, or a year from now.  No one knows, one thing is certain though, the ROI in current terms isn't doable with conventional mining, let alone GPU's.  The only way I could see any sort of ROI like this is if they are extremely good at market trading and know exactly what to mine and when.  In General I would say this is more than likely a HYIP/Ponzi type, if you manage to get to ROI, you should Either try and get the "Refund" and or just let it keep making you Bitcoins and re-invest in something like Genesis or HashNest.  

At any rate, this is a gamble.  If you like the odds, go for it, if you don't like to have the chance of losing what you put in, than avoid it.

Yeah, I have been staking the coin since I hit about 400 of them.  Staking is working flawlessly.  Of course I wish I had more, but my funds on things are getting a bit strained .

Slowly but surely making my way to the 10,000 Mark.  Really slow going though, mining Ether with GPU trading for BTC than to Amber.  

Nice looking coins btw dev.

There is One website, Hashflare.io that is currently selling Scrypt Hashrate.  At the moment I think it is something like $18.75 for 1 MHS at a rate of .04 Cents per Day.

Also Genesis DID use to sell Scrypt Hashrate when it was more profitable, so the statement that they have Never sold Scrypt is incorrect.