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 Cloud Mining - Cryptocurrencies

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SUSraynman
post Jul 3 2017, 10:04 AM

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QUOTE(jack2 @ Jul 3 2017, 09:56 AM)
So they pay in Dash ka?

Exodus is desktop wallet? Good and safe?
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Yes, Genesis pays out in Dash.

My Exodus wallet can store Bitcoin, Ethereum, Litecoin, Dash, Decred, Augur, Dogecoin and Golem.

They will add more coins as we go along.

You need to do a backup of your private keys first, then it is safe to use.

It is very easy and has a very nice user interface.

Try it out.

http://exodus.io

SUSraynman
post Jul 3 2017, 10:11 AM

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QUOTE(HHCC @ Jul 3 2017, 10:06 AM)
USD 15 daily payout from USD 2182 investment is about 6% ROI. Very good, better than ETH.
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This is because the ETH mining difficulty has increased tremendously recently, due to many people mining it.

Profitability has dropped almost 40% since the beginning of June. sad.gif

SUSraynman
post Jul 3 2017, 10:13 AM

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QUOTE(HHCC @ Jul 3 2017, 10:08 AM)
Raynman,

Can MEW store Dash, if not need to create Exodus. Another wallet and private key to protect. LOL.
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You can't use MEW to store Dash.

Better get a multi-coin wallet like Exodus and manage your coin portfolio there.

I love the Exodus user interface and it is so easy to use.

SUSraynman
post Jul 3 2017, 10:57 AM

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QUOTE(Nidz @ Jul 3 2017, 10:47 AM)
Let's say I purchased Dash contract from Genesis. The payout will be in Dash coins paid to my wallet, right? So, how do I convert it to BTC and sell it in an exchange?

Is there any other costs involved in maintaining the wallet, conversion to BTC and selling the BTC?

Thanks and sorry for the noob questions.

P/S: Ok, just watched the Exodus videos. Apparently, the software has a built in exchange and you can convert coin in it without hassle. Surely, there are % spread involved.
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The built-in exchange called Shapeshift within Exodus is really very convenient.

No need to send your coins to a separate exchange to buy another coin and send it back to your wallet.

SUSraynman
post Jul 3 2017, 11:08 AM

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QUOTE(Nidz @ Jul 3 2017, 11:02 AM)
But what about cashing out?
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You need to create a Luno wallet, which stores bitcoins and Malaysian Ringgit.

Sign up with them to maintain an account.

They will ask for documents to verify your Malaysian identity and let you bank in and withdraw Malaysian Ringgit.

Then you can use your Malaysian Ringgit to buy and sell Bitcoins at their Luno exchange.

http://www.luno.com

SUSraynman
post Jul 3 2017, 01:06 PM

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QUOTE(cofin @ Jul 3 2017, 11:57 AM)
wow ... so your total daily payout from all the cloud mining you invested should be more than 100usd per day already ?

Then can save for a month then reinvest .....like some dude i saw in other forum he invested genesis mining for more than 500kusd

his daily payout insane 2-3btc .... thats 4k-6kusd per day, 250usd per hour, 4.17usd per minute, 0.07usd every second
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I am a plankton compared to this whale. laugh.gif

SUSraynman
post Jul 3 2017, 03:08 PM

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QUOTE(gigroup @ Jul 3 2017, 02:03 PM)
Congratulation!
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Thanks.

I have added you as a member of the Cloud Mining Club. smile.gif

SUSraynman
post Jul 3 2017, 03:35 PM

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QUOTE(firecrac @ Jul 3 2017, 03:27 PM)
Add me also, on hash flare.. any WhatsApp group?
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OK, you are added. smile.gif

Sorry, there is no Whatsapp group for this yet.

Would you like to start one and be the admin of the group?

SUSraynman
post Jul 3 2017, 06:43 PM

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QUOTE(Nidz @ Jul 3 2017, 06:39 PM)
Ok. So, Luno is another kind of wallet plus an exchange, more or less the same with Exodus? But Luno only supports Bitcoin, thus I still need Exodus for Dash, ETH etc.

Once I have Dash/ETH/BTC in Exodus, I can send it to Luno and withdraw from there. Right?
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Yes, but you need to exchange your Dash and ETH to BTC first before sending it to Luno to cash out.

Exodus has a built-in exchange called Shapeshift which can do the coin exchange for you.

SUSraynman
post Jul 3 2017, 06:47 PM

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QUOTE(CharmaineLee80 @ Jul 3 2017, 05:43 PM)
how much mh/s you subscribe for DASH?
I am thinking to start cloud mining.... not sure how much to start...
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I subscribed 500 MH/s on 1st July.
Got my first payout this morning. smile.gif

SUSraynman
post Jul 3 2017, 07:30 PM

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QUOTE(okboon15 @ Jul 3 2017, 07:27 PM)
Hi plan to try a small amount on Genesis mining.
Can anyone share a referrer code?

I notice you guys used to put it in ur signatures. How come I can't see one now...
Am I missing something?
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It is a violation of forum rules and regulations to put referral codes and links in your signature and postings. smile.gif

SUSraynman
post Jul 3 2017, 07:39 PM

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QUOTE(Chelsea-Fan @ Jul 3 2017, 07:36 PM)
I got Genesis Ethereum mining contract 40mh/s but the output already decreased by 25% from last 2 week.

Is it recommended to switch to ETC for better profit? From the current price and difficulty, ETH is still more profitable. But as ETH difficulty increase exponentially and they moving to POS, i guess ETC might be more profitable in the long run.
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I don't thiink you are allowed to change your plan to ETC as long as ETH is still mineable under PoW.

Genesis will migrate your plan to mine another altcoin of equivalent profitability when ETH goes PoS.

SUSraynman
post Jul 3 2017, 07:51 PM

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QUOTE(Chelsea-Fan @ Jul 3 2017, 07:48 PM)
You can change to ETC in mining allocations. Actually in the mining allocation for Ethereum is Ethash, they have some coins bracket with (Auto).

Those (Auto) is actually mining ETH but they just convert ETH to pay you in your preferred coin based on exchange rate. Those without (Auto) is actually mining that real coins such as ETC in the Ethash mining allocation.

You can have a clearer picture here.

https://www.youtube.com/watch?v=y3QXZdzMLJk
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I understand.

The thing is, you are still mining ETH.

Just like my Hashflare Lifetime Bitcoin (Scrypt) Mining contract.

It actually mines Litecoin and convert them to Bitcoin at the prevailing LTC/BTC exhange rate.

SUSraynman
post Jul 3 2017, 08:09 PM

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QUOTE(Chelsea-Fan @ Jul 3 2017, 08:00 PM)
If i choose ETC in the Ethash, i will still mining ETH then converted to ETC? Even without the (Auto) ?

But the video say is mining real coin for those without (Auto). Because ETH and ETC share many similarities, thats why can easily switch between those two.
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Yes, it is possible to mine ETH because it shares the same mining algorithm ETHASH with ETH.

Scrypt (Litecoin) and SHA-256 (Bitcoin) cannot. They use different algorithm.

You can try to change the Genesis mining allocation and see what happens.

Please let uis know the result. smile.gif

SUSraynman
post Jul 4 2017, 12:30 AM

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QUOTE(natamhanjing @ Jul 3 2017, 09:49 PM)
Hi. Newbie in this. Planning to gradually buying the hash power from Genesis. For example this month I buy 24 months contract Dash 10MH/s, next month buy another 24 months Dash 10MH/s. Is it permissible?  unsure.gif
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Yes, this is the best way to grow your mining contracts exponentially.

You can add on new hashpower as and when you like (when you can afford to do so).

You will also extend the duration of your contract when you add new hashpower.

I have done it many times already.

Happy investing. icon_rolleyes.gif

SUSraynman
post Jul 4 2017, 08:58 AM

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QUOTE(natamhanjing @ Jul 4 2017, 08:50 AM)
ooo thanks. Already buy 10MH/s dash for USD60 + USD 5  - 3% Discount. Was trying to buy USD 120 since no need USD 5 fee, but something funny like the error below happen.  laugh.gif
I was on check out page buying DASH USD 120, and then I want to put discount code, return to buy hash page -> set 120usd - > the this error message appear.
then I go buy 60USD only.  doh.gif  That previous 120USD pending in orders in Payouts section.
wave.gif
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I have added you as a member of our Cloud Mining Club in the Introduction post. smile.gif

SUSraynman
post Jul 4 2017, 09:21 AM

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QUOTE(jack2 @ Jul 4 2017, 09:14 AM)
I am in considering DASH in view that the investment amount is lower and get the same ROI as for ETH.
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I was the first to see the great opportunity in Genesis Dash mining and grabbed it.

No regrets. biggrin.gif

SUSraynman
post Jul 4 2017, 09:30 AM

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QUOTE(PrincZe @ Jul 4 2017, 09:00 AM)
So how much profit? For first pay out and how much u invested?
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Why?

Are you going to invest or not?

Anyway, here is yesterday's Scrypt payout.

You do the math. biggrin.gif

user posted image

This is just one of the mining contracts I have with Hashflare and Genesis.

SUSraynman
post Jul 4 2017, 10:28 AM

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QUOTE(PrincZe @ Jul 4 2017, 09:51 AM)
Seem decent at 50 USD per day. How much u put in or mh u took?
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Didn't keep track.

I keep adding hashpower when funds become available from other contracts.

And I also re-invest a portion of the daily payouts to buy additional hashpower.

Total hashrate now is 770 MH/s

It is around USD59 per day or USD21K per year as per forecast,
if the mining difficulty and BTC price remains the same throughout.

user posted image

SUSraynman
post Jul 4 2017, 11:24 AM

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QUOTE(HHCC @ Jul 4 2017, 11:15 AM)
Yes a small contract...averaging 0.575% ROI daily...so based on my spreadsheet calculations 174 days to full ROI
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Around 6 months!

That's great to hear. rclxms.gif


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