My visit Inside Genesis Mining

in #mining7 years ago (edited)

I got to check out one of the secret Genesis Mining facilities in Iceland. Mia Molnar took me on a tour INSIDE one of the data centers. I got to see for my self their GPUs at work!

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wow, I wonder how they keep them all cooled down

Genesis mining is rubbish, you'll never recoup your initial investment in fiat, much less in crypto! These "geniuses" can't even send ETH to a wallet so it is actually received - no payment received for 11 days!

Their "story" about security compromise is a lie, and even if true, would only amount to a loss of a couple days in mining income.

They're are totally untransparent regarding what really occurred.

Cyptonick, Boxmining, CrytoRich and others are just paid pimps for Genesis & Hashflare, with almost none of their own funds actually invested.

Stay away from GM, Hashflare and BitConnect scams unless you want to lose your money!

I've looked into cloud mining profitability on so many occasions and I don't understand why anyone would ever purchase a contract. You're 1000% better off just buying the crypto straight up.

I've mined before and love the tech behind it, the process of setting up GPU's, etc, but cloud mining just seems like a way for these companies to charge a fat markup on hashing power.

it because of lifetime contract you winning in the long run

Man it sucks that Bitcoin contract purchases are down, but it makes me a feel a lot better that you made a video on exploring the datacenter!

Any clues as to when Bitcoin contracts will be back?

They said within a week or two.

Thanks dude.

thanks @kontora! it was loud in there!

Incredibly mine mining, I honestly as a beginner on this subject did not realize so incredible. I think initially only in Indonesia alone, it turns out the whole world. Greetings know lord ....... i am from aceh indonesia. I like this.
WELCOME MINUTE MASTER

This is awesome!! I am barely starting my own crypto show!! Keep up all the hard work!! Top notch!

So... no heating in the winter? lol Thanks for sharing! Awesome sound track too!

They have a really professional set up however the current situation regarding payout is really hitting their reputation hard.

@Micheal, thank you so much, great content! You just got yourself a new follower ;)

Quite impressive - the question is for whom is the farm mining ! Deninately not for XMR and ETH customers since the firm does not pay out for a very long time now

Have a look here: https://steemit.com/genesis/@doonaberlin/genesis-mining-never-ending-story-still-no-payouts

So sorry that GM made money on unfair contracts they offer...I lost thousands of dollars with them:-((((

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