Genesis Mining vs GAW Mining, Spondoolies, Hashnest and Mining Sweden updates

[IanFoxley]

Genesis Mining and Spondoolies Cloudmining 50 GH/s SHA 256 payout for April 12th 2015.

Bitcoin value at the time on Bitstamp was around 235 USD.

Genesis Mining Mining Day 11.04.2015 50GH/s payout today, after fees, was 0.00019865

19865 / 50 = 397.3

397 Satoshi per GH/s.


Spondoolies Cloud Mining, Mining Day 11.04.2015 50GH/s payout today, after fees, was 0.00019018

19018 / 50 = 380.36
So rounded up, around 380 Satoshi per GH/s.

Ian

[Lies]

Hi, just want to say thank you for all your feedback about these cloudmining services.

You conviced me to make an account with VIP shares at miningsweden. Looking forward to how this will turn out.

I also have an account at genesis-mining payout is very low there :-/

[IanFoxley]

Hi, just want to say thank you for all your feedback about these cloudmining services.

You conviced me to make an account with VIP shares at miningsweden. Looking forward to how this will turn out.

I also have an account at genesis-mining payout is very low there :-/

Thanks for the feedback, appreciated.

[IanFoxley]

Genesis Mining and Spondoolies Cloudmining 50 GH/s SHA 256 payout for April 13th 2015.

Bitcoin value at the time on Bitstamp was around 236 USD.

Genesis Mining Mining Day 12.04.2015 50GH/s payout today, after fees, was 0.00020003

20003 / 50 = 400.06

400 Satoshi per GH/s.

Spondoolies Cloud Mining, Mining Day 12.04.2015 50GH/s payout today, after fees, was 0.00019158

19158 / 50 = 383.16
So rounded up, around 383 Satoshi per GH/s.

Ian

[IanFoxley]

Genesis Mining and Spondoolies Cloudmining 50 GH/s SHA 256 payout for April 14th 2015.

Bitcoin value at the time on Bitstamp was around 220 USD. Quite a large drop, so this will affect payouts because of the daily fee being in USD

Genesis Mining Mining Day 13.04.2015 50GH/s payout today, after fees, was 0.00018025

18025 / 50 = 360.5

Almost 361 Satoshi per GH/s.

Spondoolies Cloud Mining, Mining Day 13.04.2015 50GH/s payout today, after fees, was 0.00017124

17124 / 50 = 342.48
So rounded up, around 342 Satoshi per GH/s.

Ian

[IanFoxley]

Just a little update, I am travelling at the moment so is hard for me to post daily updates, but when back, will start updating.

Thanks

ian

[IanFoxley]

Hi Everyone.

Sorry about the delay, have been away. Lots of things have happened in the short time though, looks like the value of BTC went up around 8-10 USD so that it is almost at the same value as the last payout info I gave out on the 14th April.

BTC difficulty fell a little too. So every little bit helps.

Anyway back to daily payout info.

Genesis Mining and Spondoolies Cloudmining 50 GH/s SHA 256 payout for April 23rd 2015.

Bitcoin value at the time on Bitstamp was around 235 USD.

Genesis Mining Mining Day 12.04.2015 50GH/s payout today, after fees, was 0.00019604

19604 / 50 = 392.08

Around 392 Satoshi per GH/s.

Spondoolies Cloud Mining, Mining Day 12.04.2015 50GH/s payout today, after fees, was 0.00018750

18750 / 50 = 375

[IanFoxley]

Genesis Mining lowered their pricing in the last day or so.

50 GH/s is now 22.49 USD, was 24.49 USD, Saving 2 USD.

1 TH/s is now 419 USD, was 469 USD, Saving 50 USD

15 TH/s is now 5850 USD, was 6750 USD, Saving 900 USD


Here is a video about it.

https://www.youtube.com/watch?v=5JjejIeg08Q

Ian

[IanFoxley]

Genesis Mining announced a coin poll on Facebook today.

More information on this video

https://www.youtube.com/edit?video_id=9JW0Tg7ZsNo

Ian

[Flep182]

Genesis Mining lowered their pricing in the last day or so.

50 GH/s is now 22.49 USD, was 24.49 USD, Saving 2 USD.

1 TH/s is now 419 USD, was 469 USD, Saving 50 USD

15 TH/s is now 5850 USD, was 6750 USD, Saving 900 USD


Here is a video about it.

https://www.youtube.com/watch?v=5JjejIeg08Q

Ian

With the last results, 0,00375 BTC per Th/s per day, you'd need (with BTC at 240 USD) to recoup 1,746 BTC, divided by 0,0375 would end up with ROI after 465 days. And a half to be exact.
I wouldn't consider buying at this point. Are there people actually buying in on this at this point?

[cryptojumper]

It's strange people are buying there at all... The only reason I would think of - is to get some altcoins they want, but then again - they can just buy them on an exchange with no problems. They get a lot of publicity, maybe that's the way how they attract new customers and some of them probably does not even care to compare the prices.. Oh, and forgot to mention, they accept credit cards.

[IanFoxley]

A blog post I noticed today.

Quite a few companies seem to messing up recently, Bitcoincloud Services seem to be the latest and even though I have BTC tied up in a few places, they do make some interesting points

As always I think the best policy is to try and be careful and just invest what you can afford to lose.

http://blog.genesis-mining.com/9-questions-to-ask-before-choosing-a-miner?utm_content=buffer85def&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

Ian

[IanFoxley]

Hi Guys.

Sorry not been posting for a while.

Anyway an update for you.

Have recently purchased 50GH/s with Hashnest to compare 50GH/s payout with Spondoolies Cloud Mining and Genesis Mining.

So now will supply payout info for GM, Spondoolies and Hashnest S5.

I purchased the S5 Hashpower from the Hashnest Market.

Hope you find this useful.

I paid 0.07202624 BTC for the hashpower at Hashnest. I just bought at the rate it was selling at the time so that can vary.

All payouts below are after the fee has been removed.

Genesis Mining Mining Day 22.06.2015  0.00019126

Spondoolies Cloud Mining Day 22.06.2015 0.00018109  

Hashnest S5 50 GH/s payout  22.06.2015  0.00019864

Ian

[IanFoxley]

Genesis Mining lowered their pricing in the last day or so.

50 GH/s is now 22.49 USD, was 24.49 USD, Saving 2 USD.

1 TH/s is now 419 USD, was 469 USD, Saving 50 USD

15 TH/s is now 5850 USD, was 6750 USD, Saving 900 USD


Here is a video about it.

https://www.youtube.com/watch?v=5JjejIeg08Q

Ian

With the last results, 0,00375 BTC per Th/s per day, you'd need (with BTC at 240 USD) to recoup 1,746 BTC, divided by 0,0375 would end up with ROI after 465 days. And a half to be exact.
I wouldn't consider buying at this point. Are there people actually buying in on this at this point?

ROI figures I think are really hard to calculate just because of how the daily fees and other variables affect it all the time.

For example 1TH payout today, over a month after this was originally posted is now 0.0038252 BTC a day and 1 TH costs 1.721 BTC so ROI would now be 449 Days.
If a code was used that would reduce the cost of 1TH to 1.669 BTC and this means it would be 436 days. Still a long while but just trying to show how different ROI can be over weeks etc. If BTC continues to rise then ROI will decrease.

Ian

[IanFoxley]

Payout info for Mining Day 23.06.2015. All payouts listed are after fees have been removed.

Genesis Mining 50 GH/s 0.00018949

Spondoolies 50 GH/s  0.00017920

Hashnest 50 GH/s 0.00022702


Cheers

Ian

[IanFoxley]

Thought I would also post an update regarding my 11GH/s SHA 256 contract.

As some of you know, I was doing a series of comparison videos from September against GAW Miners and their hashlets and some GM contracts.

Well at around December everything started going downhill as Scrypt hashlet payouts from GAW started to become zero and then GM then stopped Scrypt contracts in February.

So the status as of June as is follows.

GAW Miners Hashlets....Gone....Finished ...eradicated, whatever...

GM 1 MH/s contract and 10GH/s SHA 256 contract....  1 MH/s contract was terminated, was given 1GH/s instead, so my 10GH/s SHA 256 contract became 11GH/s

Still getting payouts with GM every day but really small.

My Contract with GM started on 14th September 2014, first payout was on the 15th September.

So over 8 months later, lets see how much ROI I have got back.

The GM contracts cost a total of 0.0562 BTC, seems cheap compared to now but Bitcoin was 470 USD then too.

So far I have been paid back (based on payout up to Mining Day 22.06.2015) 0.04096345 BTC

This means that so far I have been paid 72.88 % back.

Regarding GAW Miners..well that has stopped for ages. No more payouts
GAW Miners contracts cost 0.103 BTC and I received 0.05048658 BTC back.
So around 49 % back.

As payouts from GM are pretty small for 11GH/s it could take a while before I get ROI back completely. If the Scrypt payouts had not stopped, I think we would have reached it by now.

Ian

[IanFoxley]

Payout info for Mining Day 24.06.2015. All payouts listed are after fees have been removed.

Genesis Mining 50 GH/s 0.00018904 BTC

Spondoolies 50 GH/s  0.00017872 BTC

Hashnest 50 GH/s 0.00023486 BTC


Ian

[IanFoxley]

Zeushash introduced a new contract called VGHS today.

More information about it in this video.

https://youtu.be/uhEM7Hw-oOo

Ian

[IanFoxley]

Payout info for Mining Day 25.06.2015. All payouts listed are after fees have been removed.

Genesis Mining 50 GH/s 0.00018928 BTC

Spondoolies 50 GH/s  0.00017479 BTC

Hashnest 50 GH/s 0.00020821 BTC


Ian

[IanFoxley]

Payout info for Mining Day 26.06.2015. All payouts listed are after fees have been removed.

Genesis Mining 50 GH/s 0.00018914 BTC

Spondoolies 50 GH/s  0.00017477 BTC

Hashnest 50 GH/s 0.00031189 BTC

Ian