2 Mh/s For 158 USD
It would take me 181 Days to make my money back
and thats if nothing happened to the market..
What a scam

What about offering support for SHA-3 coins that are currently GPU only with no ASIC support yet.  MaxCoin would be an obvious example.  There's a cudaminer version with SHA-3 Keccak support.  It flies on a decent GPU rig.

I have like a more then one month experience with GM.
I bought contract with promo code and I was happy. I can say, that there is a good support I like the GM portal. I found answers to my questions here as well. I like this approach.

What I did not like is the how my investment went to the red numbers. Here is chart showing payments since beginning of my contract per 1GH/s:



I left my mining allocation on AUTO (BTC) 100% all the time.

What is your experience and can you recomend to switch from AUTO BTC to  try get back from red numbers?

Thank you

[/quote]

Hi Jess,

your ticket has just been replied to.
As Marco stated before, sorry for delays that may occure, but we answer all tickets!

Best regards
Jan
[/quote]

Thanks for reply, Jan. I also saw that my ticket was acknowledged. Hopefully I can soon post that the issue was resolved.

As for ROI and declining payouts.. I also mine at scrypt.cc and the general complaint there is that if you bought and held your hashes you most likely have not received payouts equal to the decline in your hashes' book value, i.e. you bought hashes at 50 and they went down to 25 faster than you received 25 in payouts (obviously these are arbitrary numbers).  Also, payouts per hash there have dropped significantly. If you track the LTC/BTC ratio you will find it has SOME correlation with scrypt-mining payouts.

So arbitrarily saying that a 181-day ROI is bad is far too simplistic. First of all, no one knows if the current conditions will improve or decline. I can GUARANTEE the current conditions will not persist for 181 days (feel free to check me next January on my bold prognostication).

Secondly, good luck calculating ROI on your hardware purchase. I personally lost WAY more BTC from scam hardware vendor, but even vendors who deliver seem to miss their promised delivery dates by several difficulty-increase periods.

Thirdly, I don't know if anyone else is tracking the BTC difficulty forecast and hashrate at bitcoinwisdom.com like I am, but there are clearly BIG BIG players with over 20 Petahashes of SHA power just sitting out parts of every difficulty cycle, to game the profitability of mining vs. slowing difficulty rise.  Unless YOU, personally reading this, have 2 or 3 PETAHASHES of power at your fingertips, then realize that there are people making decisions on which you and I, the small fry, and our profits, depend.

Excited to see Monero on there as a coin.

How is this possible as it is Cryptonote and not Scrypt?

If people are able to use all of their hash power on XMR, that would be a no-brainer of a coin to add.

If this happens, I will certainly be purchasing more from Genesis.

Both BTC and DRK aren't mined directly, but I was under the impression that the rest of the coins on their list were able to be mined directly (RDD, BC, etc.). Perhaps I am incorrect here.

Even if it is like the BTC and DRK options, I would love to have a payout in XMR at the end of the day.

Am I the first one to notice that the price was lowered to 0.059usd per Kh/s (the opening post was modified)? I should have a price then!?

I have made a small How to video
In English: https://www.youtube.com/watch?v=04q9TXY5kYc
In Dutch: https://www.youtube.com/watch?v=EJYovBeJrPk

I think Genesis will Launches there own pool soon, so you can point your own miner to it.

Whit Voucher code MOON you get 3% off the bill  

I made a substantial purchase (at least for my budget) of a Genesis Mining contract a little over a month ago. I invested about 6.6 bitcoins (at the time I believe the exchange rate was @600). A few weeks later the same contract would have cost 4.8 bitcoins (when the price decreased). I was just outside the cusp of those who received upgraded hashpower as well.

But I'm not here to complain. I'm here to try to figure out how to best use my remaining time with Genesis to get an ROI since I'm behind the 8 ball with the price I invested at.

I have had the realization that with Genesis's Auto-Btc I will not get back close to my initial BTC investment, so another strategy is needed.

Part of what drew me to Genesis was the Auto-Btc function -- their algorithm for mining the most "profitable" alt-coin and converting it to BTC every day. But having now spent some time in "ALTCOIN-LAND" and taken in the landscape ----  the most profitable alt-coin is the one that is going to be PUMPED (whether for valid or invalid reasons). The increase of difficulty and mining competition will ensure the "daily" method of most-profitable-coin mining will most likely not be a winning strategy.  We must take a longer-view strategy.

I started mining Redd Coin on Genesis last week, and since then its value has more than tripled. I did some research on msg boards, found out about the Redd Coin halving and a few other indicators. Wasn't too hard to see there was going to be a spike. So the first step to positive ROI is doing research on the coins Genesis has in their arsenal, mine them directly, and try to anticipate pumps.  Seems obvious now, but for an idiot like me this was a realization. If you haven't purchased Genesis Mining, I don't know if buying the alt-coins directly would be more profitable over time, but having GM mine them and pay them out to my wallets is a huge time saver.

Genesis just added Black Coin, and there is a nice pump going on with it. Genesis Mining said in this forum that the coin looked "promising". The thing is --- does "promising" mean a pump's coming, or does "promising" mean the coin has long term market potential? Was "promising" a code for "YO SUCKAS A PUMP IS COMING!" That's how I took it, and Genesis, please keep using that word when you see one coming. I don't believe BC holds long term market value, but if Genesis does I would like to hear the reasons. I don't like BC at all actually, but seeing Genesis say "promising" made me think they knew something I didn't.

My vote for the next coin is Monero. I know it has taken over the msg boards here and people are annoyed, but it has potential and the right investors (monero's VC). Speaking the choir here, but Anon-coins ALREADY have a market built in (the black market). This is not hypothetical!  Using anonymous coins on the dark web is a NO-BRAINER. Mark my words, this will happen. The first anon-coin that works and has liquidity will have a sizable market value. DRK had promise, but I see them playing catch-up right now -- perhaps they can do it, but it is over-valued right now and is trending down. I have ZERO idea if Monero is going to be THE anon-coin, but of the ones on Genesis' list, it has the best shot.   There's others like CLOAK, zerocash, etc. I need to examine, so please do your own research.