Genesis Mining: November Update & Bitcoin Mining Pre-Sale
The following e-mail update just arrived (10 November 2017) from Genesis Mining regarding new pricing and the Bitcoin (BTC) mining pre-sale.
Snapshot from e-mail
Big News
Hey Miners!
The big news first: There's a new pre-sale of fresh Bitcoin mining plans live right now! We've already sold more than half of our available hashpower so take a leap if you want to join in early. The last pre-sale batch that we've sold in September has been live since the beginning of November and we're already working hard on ramping up the next big batches!
The mining start for this new pre-sale is set to 28th of February 2018! You may have noticed that we've had to slightly increase the prices – this is due to the general extraordinary demand and specifically due to hardware component manufacturers also increasing their pricing significantly. At this point in time it's extremely difficult to acquire huge quantities of hardware parts as the production of all components can't keep up with the present demand.
Despite this market environment we are doing our very best to keep the pricing and time of deployment as low as possible and I think you'll be glad to hear that our contracts are staying open-ended with a maintenance fee of only $0.00028 per GH per day.
That said, there's a lot more good news regarding our Customer Service improvements, Segwit2x and Ethereum that you can check out in our latest monthly service report for october.
Every person who mines with us helps make what we do possible, and we appreciate your support as we work to improve our service while getting you your hard earned coins!
Sincerely yours,
Your 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
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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.
Thank You!
Thank you!
Hey @etcmike I'm going to buy 2.5th with your promo code again. :) There I used it :
2017-11-23 14:15:58 2018-03-15 ∞ 2.5 TH/s sha256 BTC 0.05
I was visiting my family over Thanksgiving and must have missed Genesis Mining offering more BTC contracts. When I got back home, I immediately checked the Genesis Mining website to see if I could upgrade my BTC contract. Unfortunately, BTC was not available for upgrade when I got home.
Did Genesis Mining offer a very limited sale of BTC contracts for Black Friday?
If Genesis Mining has a Cyber-Monday limited sale, I will definitely be watch for it.
Greatly appreciate you using my code, I am looking forward to returning the favor as I push my BTC hash power toward 200 TH/s.
Yesterday's payout with a tad over 100 TH/s was $150.40. I could get use to that. It will be nice to see what today's payout will be with BTC pushing over $9k.
I hope you had a nice weekend.
Have a fantastic day!
Steem on,
Mike
I didn't really know what sale it was. But it was a quick sell. I just grabbed a bit :) Dang 200TH if I'm sitting on that, I can buy a car with that money in 3 months. LOLZ. Your chance to buy in will come! Thanks for being a trustworthy partner!
Thanks for using my code dude! Next time I'll buy with your code again, thanks for keeping your promise! You earned my upvote :)
It looks like the Bitcoin mining pre-sale is over. I no longer see that option available.
I will plan to upgrade again in the 1st quarter of next year (may be March), but could be as late as April.
Have a great week!
Steem on,
Mike
I plan to use the profit i earned to reinvest in it too. Got to say that 100th you have there is making me jealous. haha.
Forgot to say, I actually had to contract Genesis Mining support to get my last two BTC contract purchases credited to my account. I used LTC to make the purchase because the BTC network was so jammed at the time. The block chain confirmations for LTC went through very quickly, but the Genesis Mining purchasing timer ran down to zero without acknowledging the transaction. I contacted customer support and they came through with no issues crediting my account. I just sent them the LTC addresses I sent my coins to.
Overall, I have been very satisfied with Genesis Mining. Some say that their fees are too high, but I think it is the best BTC mining option for myself.
Steem on,
Mike
Yeah true dude. I still think gnesis mining is the best platform for it. The best and cheapest for a lifetime contract. hashflare just default from lifetime contract. Thank god I bought the contract when the network is not congested. I did everything with one click. Thanks for your patience :) Definitely using your code on next upgrade.
For BTC mining my hash power will be 119.8450 TH/s at the end of Feb. 2018. When the BTC contracts are offered again, my plan is to push toward 200 TH/s. That should get me through the next BTC halving event in 2020 and give me another 4 years at the equivalent of 100 TH/s (also assuming BTC price keep appreciating).
By 2024, I am also looking forward to reaping profits from the ERC20 tokens I bought this year.
Let me know when you make a purchase to upgrade your BTC contract, I will do my best to use your code in one of my upcoming BTC purchases. I just wish Genesis Mining would build out their crypto-farm large enough to sustain selling BTC contracts for longer than a week.
Have a great week!
Steem on,
Mike
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STOPgreat job likee it!!
i think you are saying right
Good news sir
mining yup
I'm already in.
fees is high and still no payouts !
Thank u bro.
This is my code I hope u use it in ur next purchase : QpRgIE
I have 100 TH/s of the BTC contract. Today's payout: $108.28
There is a minimum amount of BTC you need to accumulate before you get your payout.
I get my payouts in LTC. This ensures I get a payout everyday because the minimum amount of LTC you need before getting a payout is far less than the BTC you need to accumulate.
Go to Genesis Mining "Payouts" to see if it is accumulating BTC for you before paying out.
For BTC payouts in BTC Genesis Mining has this current alert:
Update: 11/13/2017
Due to Bitcoins recent network congestion and resulting excessive transaction fees (https://blockchain.info/de/charts/mempool-size) we’ve withheld the payouts. We’re watching the situation closely and all payments will be resumed shortly. We’re sorry for the inconvenience and thank you for your patience.
Here is the chart of how much of each crypto you need to accumulate before receiving a payout:
For example: I currently have 67.7950 MH/s in Ethereum mining. It takes 5 days between payouts.
Today's payout from Ethereum mining was 0.01224847 ETH which is not enough to get a payout. It needs to accumulate for about 5 days before I get a payout.
I hope that helps!
I have added your promo code to my rotation list. There are currently 25 promo codes ahead of your promo code. Since I only buy BTC contracts. It may take while (well into 2018) before I get to your promo code.
Have a great weekend!
Steem on,
Mike
0.001 Litecoin thats amazing!
Thank you alot sir for all informations.
Hey man did you get delay in payout with genesis mining? I tried to explain to them that, but they keep telling me it's the report glitch, means the report on daily payout is not correct. But if thats a glitch in report, then I should still receive payout in my wallet! I'm waiting for reply, but do you have such problem too?
really nice re-steem
