Just got an e-mail update (31 December 2017) from Genesis Mining wishing miners a happy New Year and some updates like Bitcoin Cash payouts and new payout thresholds for Bitcoin and Ehter.
Snapshot from e-mail
Genesis Mining Update
Hello Miners,
We just wanted to reach out and say happy holidays, and a happy new year. It’s been an amazing year for cryptocurrency, and we’re so grateful to each and every one of you for being a part of the movement! There has been a huge influx of new users in the cryptocurrency world, and to our services. Whether you’ve been with us for years, or are just joining, we’re happy to have you and are excited to serve you in 2018!
We’ve put together a blog post with a highlights reel of Genesis Mining news from this year. Check it out for a rundown on what happened this year, as well as some glimpses into 2018!
We also wanted to announce that we’ll be offering Bitcoin Cash (Live on 31th of Dec) as AUTO (Automatically traded) and as fully minable option in the beginning of January for all Bitcoin mining contracts!
If you aren’t familiar with Auto, we call it the Genesis Mining Advanced Autotrader, and it allows you to get your payouts in numerous different coins even if they are not mined directly by a certain algorithm. For example, you can get your payouts in BTC while mining with a X11 algorithm.
This is done by mining the most profitable coins for your specific contract, which are then automatically exchanged to your currency of choice by our algorithmic trading framework. This is a cost effective way of mining different coins. The same technique is also used to mine LTC with a SHA256 contract, etc.
One final update, our minimum payout threshold is increasing to 0.003 for Bitcoin and to 0.075 for Ether due to the current high network fees. These minimum thresholds are in place so your payouts are not eaten up by transaction fees and we're always keeping an eye on them and adjusting them accordingly.
We hope all of you enjoyed the holiday season, here’s to an even more exciting 2018!
To the moon,
Genesis Mining Team
Genesis Mining
If you are interested in learning more about Genesis Mining then click here to visit their website and use promo code Q1MYO7 for a 3% discount on your first mining contract purchase.
If you have an account at Genesis Mining, you will receive a 3% discount on your next upgrade using promo code Q1MYO7
You can pay for your mining contracts at Genesis Mining using Credit Card, Bitcoin, Dash, Litecoin, and Dogecoin.
Genesis Mining Bitcoin Mining Farm in Iceland (1 minute) Video
Genesis Mining X11 Cryptocurrency Farm Build (2 minute) Video
Genesis Mining Enigma "The Largest Ethereum Mining Facility" (2 minute) Video
Do Your Own Due Diligence
Coinbase
I buy my Bitcoin, Ethereum, and Litecoin through Coinbase. For me, buying them through Coinbase is fast and convenient. Plus, you will get $10 in Bitcoin when you signup at Coinbase using this link and you buy $100 or more of crypto-currency.
The reason I like Coinbase is that they stand up to an over-reaching government: Coinbase Obtains Partial Victory Over IRS, 29 November 2017
Ledger Nano S
For safe keeping I store my cryptocurrencies and tokens on a Ledge Nano S, I bought mine on Amazon.com.
Links to Amazon Products in this Blog Are Provided for Your Shopping Convenience
I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites.
DISCLAIMER :
This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here. Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas, trade signals, opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate. Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything.
Thank You!
Thank you!
Yes I also got the same email and I was wondering why the payouts were not coming to my wallet since last few days.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wow its working fine great to know about that great videos too added thanks for that too
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do you know if Genesis Mining will come back with their BTC contracts? I bought mine in August 2017 and looking forward to buying more hashpower because I just finished my detailed break down how my contract developed (see my Youtube vid). Will take your promo code then. Cheers.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The Bitcoin pre-sale mining contracts I bought last year are slated to start 28 February 2018. I would think that Genesis Mining will be offering addition Bitcoin contracts around that date.
Have a happy, joyous, and prosperous New Year!
Steem on,
Mike
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's pretty cool to know thanks for the tips and this update..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very, very, interesting. Thanks. Bcash is now on blockchain.info and coinbase. Now we can get paid in bcash and mine it in Jan. Soon, a bcash credit card is coming out. This haejin fella just predicted $10,000 bcash. BTC is basically unusable and the frustration is growing.... haejin also predited $6.4 steem so that's another thing to look forward to.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Man sooo many mines in those warehouses crazy to think about! Thanks for sharing hope you have a happy new year!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been waiting for them to put any contract but Monero up as I've heard its bad returns for ages now.
The only other reputable cloud mining is hashflare but I can only pay in btc or credit card (and there payeer service is btc or credit card only, so thats useless). I can't pay in btc if I want to buy only a small amount of mining power due to fees and also they only allow withdraw in bitcoin and eth from what I've seen so high fees both ends mean I only earn if I invest a lot. Do you know if genesis allows LTC withdraws since the fees are small, or any small fee coin withdraw really?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The 0.003 withdraw fee is still a lot better than hashflare. Is there a minimum for withdraw on genesis mining? If so what is it? Thanks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As of 4 January 2018 at the time of this comment:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i like this post great information Happy New Year
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Which mining platform is the best for long term
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Genesis Mining has never let me down. Yes, the daily payouts have been delayed occasionally, but the payouts do catch up the point that they are back to be daily. I have been bit by at least one mining scam, however, since starting with Genesis Mining over two years ago they have treated me well.
I am currently waiting for Genesis Mining to offer more Bitcoin mining contracts. I hope they do this before July 2018 (two-years before the next Bitcoin halving event), that way I have a chance of recouping my investment. Genesis Mining is currently building out their Bitcoin mining farm.
There is a trade-off between holding onto your crypto-currency coins and investing in a mining contract. Before Bitcoin really took-off in price, I was buying addition BTC mining contracts near BTC highs before the dip. The reason I only buy Bitcoin mining contracts is that they are unlimited, meaning the contract will be in effect as long as the return at least covers the mining fees. The other contracts like the Monero mining contract are two-year contracts. You have to hope you recoup your investment within two-years to make any money.
The Bitcoin unlimited contracts have served me well and this year (2018) will create a nice money flow for my retirement.
Now the question: Would I have done better just holding onto the equivalent Bitcoin instead of investing in a mining contract?
For me that is hard to say. If I had held the Bitcoin, I probably would have invested in an ICO or spent it by now. But if I had held onto those Bitcoins, I would currently be better off.
Things I have learned about the Bitcoin mining contracts:
There are a lot of variables, but for myself it is worth it to create another passive income stream.
Many of the new ICO's that have a sort of dividend or distribution require KYC and AML information from investors and restrict investors from certain countries from investing in the ICO. As far as I know, Genesis Mining does not have any such restrictions.
If you have any specific questions, please ask me.
Have a happy, joyous, and prosperous New Year!!
Steem on,
Mike
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Heck dude they only make it auto trade? Damn it.. Looks like even genesis mining is not that of a fan of bcash. But their pump and dump seems to work though :D And dude I noticed you have large steem power but never self upvote! wow.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I do self-upvote after three days. That way I can give more to those who upvote before me. It is just a way of being mutually beneficial to the SteemIt community. I know that 75% of my vote goes to myself, but the other 25% can be shifted more to those who upvoted my post first.
This idea came to me because when I first started my upvotes of some posts earned very little. I want to give some newbies who upvote my post a chance to earn some curation rewards.
Have a great week!
Steem on,
Mike
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Huh.. Didnt realise that. Great point! But this hardfork theyre going to fix that. Maybe self upvote will be disable once and for all.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your comment inspired me to look up more information on HF20. The last thing I read on it was many months ago.
Source: https://steemit.com/steem/@steemitblog/hardfork-20-velocity-development-update
If I am reading this correctly, HF20 eliminates the advantage to the author who upvotes himself right at the time of posting (the auto-upvote).
I did not find anything that would eliminate self-upvoting entirely.
The method I use attempts to reward curators who vote on my posts within three days a greater curation reward by enlarging the total curation pie. And that curation pie is distributed more towards the early voters.
Did I miss something in HF20?
Thanks! Have a great weekend!
Steem on,
Mike
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
the mining farm is so big wow is it really worth to mine now
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great job likee it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
really good job.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great sharing...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit