Cloud Mining News & Reviews

Genesis Mining Payout Time

Genesis Mining Payout Time

We received an inquiry regarding the payout time at Genesis Mining, so we did a quick research on what time our payouts had been coming in.

Genesis Mining Payout Time for the Past 10 Days (Nov. 1st - 10th, 2014)

Here is the list of times, in GMT (Greenwich Mean Time, or Standard Time), when payouts came in from Genesis Mining in the past 10 days:

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November 10th, 2014 :  15:51 GMT (+26:03 hrs)

November  9th, 2014 : 13:48 GMT (+11:18 hrs)

November  8th, 2014 : 02:30 GMT (+ 4:24 hrs)

November 7th, 2014 : 22:06 GMT (+16:45 hrs)

November 6th, 2014 : 05:21 GMT (+12:51 hrs)

November 5th, 2014 : 16:30 GMT (+19:00 hrs)

November 4th, 2014 : 21:30 GMT (+25:37 hrs)

November 3rd, 2014 : 19:53 GMT (+30:07 hrs)

November 2nd, 2014 : 13:46 GMT (+15:49 hrs)

November 1st, 2014 : 21:57 GMT

To our surprise, we found out that payouts from Genesis Mining are generally erratic, and don't necessarily take place every 24 hours as we had anticipated.

 

Payout Times Are Inconsistent!

Sometimes payouts take more than 24 hours from the previous payout to happen (like on Nov. 3rd, 4th, and 10th) and on other days, it took less than 12 hours from the previous payout (as on Nov. 8th, 9th).

If anything, payout times are inconsistent at Genesis Mining.

It would be much more simple if Genesis could just stick to a specific time for payouts, and we don't see any reason why they would choose not to, but perhaps there are some technical difficulties to implementing regular payouts that we are not aware of.

 

If you want to find out about how our daily payouts have been trending since we purchased our 100 MH/s contract with them, make sure to check out our Genesis Mining Review!

 

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