You are right, didn't notice that.

Here is today's payout on my chart:

https://i.imgur.com/X6OKRbm.jpg

If it flat-lines from today (averages today's payout for the next ten months) I will just about break even.  Reality: it has dropped by about 75% in the last two months and shows little sign of turning back up.  Being realistic, this is almost certainly going to be a loser - the only question is how much.  My latest estimate is at least 35% loss by end of contract.  That estimate is based on this exponential decay curve:

https://i.imgur.com/kXGsxcD.jpg

I hope somebody can convince me I am wrong.

Dear all,

We promised to constantly upgrade our infrastructure to the latest hardware and technology to bring the best service at the lowest possible price to our clients. Due to economies of scale and enormous growth in the last months we managed to close a deal with hardware manufacturers that significantly reduces hashpower prices to a level that has never been seen before in the market!

Now you can start from 9.4 cent per kH/s per year!

As you all know we are engaging very hard for our devoted customers to get max profit out of your hashpower and to celebrate the new prices with you, we are going to give all customers who recently bought hashpower from us a free upgrade* :

- all orders after the 1st of July will be upgraded to the new terms
- all orders of the past week (June 26th) will be upgraded by 15%
- all orders starting from June 19th will be upgraded by 8%

The hashpower upgrade should be available within the next 24 hours.

We are also working on a number of features that will be released in the next few weeks. This includes among others: additional coins, the X11 hashing algorithm, additional mining stats and an improved user interface and many more. We will send out a detailed newsletter for everybody soon!

We are looking forward to an exciting future together with you!

Happy Mining,
  Genesis Mining


(*) While we would love to upgrade all of our users to the latest hardware this is unfortunately economically not possible, as we are always operating on a very thin margin. Please understand that we are working on a mixed calculation in a fast moving market and depend on pricings of ASIC manufacturers.  

No, the new contracts are online, please chose on of them.
the upgrade is only for users having a contract before the price change

One more question.

Why orders after 19/6 have less bonus than orders after 1st of July.
The prices per MH for the above days (19/6 - 0,287/MH), (25/6 - 0,310) were higher than the days after 1st. (btc increase)

What about those members who order at the starting? Will they get 100%?

One of the advantages I can see if that GM have some large GPU farms, which means that they can use those to mine other algo's that, Asics can not for now.

Thanks for that Marco (mk) 

This is great news and by far the best offer I know!! I am mining since 2 month with Genesis Mining. You guys have all my trust. Gonna upgrade right now some MH and "mine" cheap DRK 

These are all good updates.