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RE: Genesis Mining: 6 Days After 10 TH/s Bitcoin Mining Upgrade

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Genesis Mining: 6 Days After 10 TH/s Bitcoin Mining Upgrade

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djbk (48) in bitcoin • 7 years ago

If you ever reinvest / upgrade you can use my code : AFcBhU
Let me know about it and i will use yours in return :)

7 years ago by djbk (48)

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etcmike (76) · 7 years ago

I just did a 5 TH/s upgrade this morning using another Steemian's code. I have added your code to my list.

Have a great weekend!
Steem on,
Mike

djbk (48) · 7 years ago

All good, thanks for the add then :)

Have a great one too! See ya

dimitrya123 (51) · 7 years ago

Feel free to use my code by a next upgrade. I'll do the same for you ;) j3SbkT

etcmike (76) · 7 years ago

I have added you to my rotation list.

Have a great weekend!
Steem on,
Mike

dimitrya123 (51) · 7 years ago

Thanks; me too ;) Steem on :)

etcmike (76) · 7 years ago

I just used your promo code to upgrade my X11 mining contract by 15 MH/s.

I used BTC to make the purchase and I am still waiting for confirmation.

Have a great day!
Steem on,
Mike

dimitrya123 (51) · 7 years ago

Thank you very much. I will return you the favor ;-)
Steem on :)

dimitrya123 (51) · 7 years ago

I just bought a 2 year Ethereum contract with your code
Paid in Dash (0.312) and confirmation okay :)

Have a great day and remember you are also on my rotation list.
I will upgrade soon ... as much as I can :)

Bright blessings,
Take care,

etcmike (76) · 7 years ago

Thank you! It is greatly appreciated.

I am currently upgrading my X11 contract. However, I am limited to $100 maximum purchase per day by Genesis Mining (as of 5 July 2017). Look for another upgrade using your code in about a week. I am now upgrading X11 everyday for as long as it is available.

Steem on,
Mike

etcmike (76) · 7 years ago

I just upgraded my X11 contract by 15 MH/s using your promo code. You should get a confirmation soon.

Have a great week!
Steem on,
Mike

dimitrya123 (51) · 7 years ago

Thank you, Mike. I just upgraded my BTC contract with your code as well. You should get a confirmation soon.
Have a great week too !
Steem on !

Show 6 more replies

pmoeller (27) · 7 years ago

etcmike, i like to invest 100TH but BTC mining is not avaialble ! I have to wait ? Is this normal ? Only Ether and Monero can be mined

etcmike (76) · 7 years ago

From time-to-time Genesis Mining sells out their capacity in a mining contract. Normally it takes them 3-4 weeks to build out the infrastructure that allows them to sell more hash capacity.

I would wait for BTC mining contracts to return.

In my opinion, I would not enter either a Ether or Monero mining contract base on my experience.

Have a great week!
Steem on,
Mike

btctrader710 (29) · 7 years ago

hashflare is pretty good https://hashflare.io/r/998C42A5 they have bitcoin mining contracts. Only one i trust besides Genesis

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characters1 (0) · 7 years ago

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characters1 (0) · 7 years ago

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djbk (48) · 7 years ago

@dimitrya123 Just used your code for X11 7.5MHs Upgrade :) Looking forward for you to return the favour, thanks ;)

dimitrya123 (51) · 7 years ago

@djbk Thank you. I just did the same with your code for a ETH upgrade :) Happy mining :)

joshwaa (37) · 7 years ago

Hi dimitrya123 I will use your code right after I use etcmike's. Here's my code: RUXnyi

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dimitrya123 (51) · 7 years ago

Thank you very much. Will do the same :)

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characters1 (0) · 7 years ago

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characters1 (0) · 7 years ago

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jaredsc (38) · 7 years ago

Can you give everyone an update on your performance with Genesis Cloud Mining. I would like to hear how your doing now that 6 months has past since you initially wrote the article. Is it still profitable?

etcmike (76) · 7 years ago

Here is my last update:
Genesis Mining Review #7: 1 Year of X11 Dash Mining -- More Than Broke Even

My best days of mining with Genesis Mining contracts are $70 USD/day when BTC is reaching new highs. My average daily payout from Genesis Mining is now between $50 to $60 USD/day.
There was a week where Genesis Mining postponed payments due to an intrusion by a hacker. Payouts have resumed and from what I am seeing, the Genesis Mining payouts are catching up. Just based on my payouts, I can imagine Genesis Mining daily payouts are in the millions of dollars. If I were paying out that much, I would want to do a careful audit too before distributing the payouts.

To my friends and anyone who asks, I recommend the BTC and X11 (Dash) mining contracts at Genesis Mining. They ran out of X11 hash power to sell, but it should be available again in the near future.

I have an Ether Mining contract(s) with Genesis, but do not think I will break even. This is why I do not recommend those contracts. If ETH spikes up to $1,000 USD in price, the contract may payout better. I do not think that will happen.

If the X11 contracts are not available in August when I start my upgrade cycle again, I will be upgrading my BTC mining contracts. At my current rate of return, I will break even on those mining contracts well before the next BTC halving event.

That's my current update.

Have a great weekend!
Steem on,
Mike

steemitjesus (37) · 7 years ago

Amen! 🙏

characters1 (0) · 7 years ago

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etcmike (76) · 7 years ago

If you are interested in some FREE cryptocurrency, I did post the following opportunity yesterday:
Signup for FREE WCX Tokens and Earn by Referring Your Friends Before the ICO Sale

jaredsc (38) · 7 years ago

Mike, do you know why $BTC mining is much more lucrative then $ETH mining right now? If the price of ETH goes to $400 will Ethereum mining be more profitable?

etcmike (76) · 7 years ago

Part of it has to do with the difficulty level. The difficulty level is a factor in determine how hard (difficult) it will be to come up with the next block in the block chain. That is my extremely basic understanding.

Here is a website where you can see the "difficulty level" for different crypto-coins:
https://www.coinwarz.com/cryptocurrency

Have a great week!
Steem on,
Mike

jaredsc (38) · 7 years ago

Thanks for the update. I still feel there is much opportunity to lose money if conditions are not favorable all the time. If the price of lets say $BTC drops for 6 months, then payouts will drop significantly. Do you know what the time decay looks like on a 2 year contract. For example, how much do daily payments drop on the last month of the 2 year contract vs the first month on the contract? What is the profit margin on $BTC mining until break even? I'm still trying to understand why cloud mining is not a gamble and a good way to lose money in uncertain market conditions. Any additional insights by the Steem community would be very helpful for me to better understand how cloud mining works. Thanks!

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characters1 (0) · 7 years ago

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ersin.inan (26) · 7 years ago

Please use my code also : 4LzYvl :)) So you get 3% - greatly appreciated

etcmike (76) · 7 years ago

I have added your promo code to my rotation list. My rotation list is getting rather long, it may be a bit of time before I get to your code.

Have a great weekend!
Steem on,
Mike

characters1 (0) · 7 years ago

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etcmike (76) · 7 years ago

I just used your promo code to upgrade my BTC mining contract by 1 TH/s. You should be getting a confirmation soon. (I purchased it with BTC so it may take a bit of time to clear.)

Have a great week!
Steem on,
Mike

djbk (48) · 7 years ago

Thank you Mike :) what's yours so we can keep exchanging?

etcmike (76) · 7 years ago

I am still waiting on the confirmation of the transaction.

My code is Q1MYO7

Thank you!
Mike

djbk (48) · 7 years ago

Just used your code for an X11 10 MH/s and SHA256 0.6 TH/s Upgrade :) Looking forward to keep upgrading with you!

Steem on,
Roman

etcmike (76) · 7 years ago

Thank you Roman! It is greatly appreciated.

I am upgrading my X11 contract daily at 15 MH/s. Look for another upgrade by myself using your code in about a week.

Have a great week!
Steem on,
Mike

himalayanhasher (31) · 7 years ago

A bit late in posting this ... but pl stop upgrading x11 contract. x11 10GH/s miners are just around the corner. They will make current tech obsolete

characters1 (0) · 7 years ago

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etcmike (76) · 7 years ago

I just used your promo code to buy a 0.7 TH/s upgrade of BTC.

Have a great weekend!
Steem on,
Mike

joshwaa (37) · 7 years ago

Hey djbk I'm about to use your code, mine is RUXnyi..

I'll use your code next etcmike!

djbk (48) · 7 years ago

Hey @joshwaa i just used your code for a upgrade, mine is: AFcBhU
Happy to keep exchanging and sharing codes :)

joshwaa (37) · 7 years ago

Thank you my friend. I' ve already used yours.

djbk (48) · 7 years ago

Cool, will do the same with yours next :)

dimitrya123 (51) · 7 years ago

Feel free to use my code by a next upgrade. I'll do the same for you ;) j3SbkT

joao-cacador (49) · 7 years ago

I did a 1TH/s using your code, my code 06CS2H Tks a lot!

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characters1 (0) · 7 years ago

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deathwlsh2017 (40) · 7 years ago

I will use your code next upgrade. Please use mine in return n1AW9B.

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characters1 (0) · 7 years ago

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termite101 (22) · 7 years ago (edited)

Hi all, I have started mining ETH with Genesis Mining for 20 mh/s recently and looking to add some hashrate soon. So if you use my code : uRPBTm I will use yours back. Just let me know.

have a great day !

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etcmike (76) · 7 years ago

I did not get a confirmation from Genesis Mining that my purchase using LTC went through. Genesis could be bogged down with orders.

Anyway, I purchased another 5 TH/s of BTC mining using your code. As of this time, I have not gotten an confirmation yet. Hopefully, they are just backlogged.

Have a great week!
Steem on,
Mike

joshwaa (37) · 7 years ago

I just started mining today, you are third in line on my list. I will be using your code pretty soon. Here's my code: RUXnyi

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termite101 (22) · 7 years ago

Great ! Please tell me when you use it and I will follow ;-)

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characters1 (0) · 7 years ago

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pmoeller (27) · 7 years ago

Hi djbk, i like to start and use your code. But no BTC mining is available . Can u advice ?

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djbk (48) · 7 years ago

@pmoeller
Hi there, Sure.

You can use HashFlare to get a mining contract. Their mining contracts are by the way the cheapest around ;)
Heres the link: https://hashflare.io/r/DCDD8DE3

The other option is to buy a NON BTC Contract with Genesis like X11, Ether..

characters1 (0) · 7 years ago

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hashpragmamark (26) · 7 years ago

@djbk, @etcmike ive added your codes to my list for the next upgrades. Please use my code XouixF as well. :) cheers!

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etcmike (76) · 7 years ago

I have added your code to my rotation list. I only upgrade my BTC mining contract. Currently the BTC mining contracts being sold by Genesis are for a 28 February 2019 start date. And the least you can buy is 1 TH/s. I am still debating whether to purchase more upgrades at this time or wait.

My rotation list has 29 codes in it. It may be some time before I get to your code. It all depends on the availability of BTC contracts from Genesis.

Have a great weekend!
Steem on,
Mike

hashpragmamark (26) · 7 years ago

Just used yours for a small hashpower purchase.. Thanks!

etcmike (76) · 7 years ago

Thank you!

I have moved you up on my rotation list. Three codes in front of yours.

At the moment, I do not have anything to spare for purchasing four more 1 TH/s of BTC. Next weekend, I expect that to change. I hope the BTC pre-sale contracts are still available then.

Have a great weekend!
Steem on,
Mike

characters1 (0) · 7 years ago

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characters1 (0) · 7 years ago

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