Iceland - May 2017. On behalf of Genesis Mining, Head of Operations Philip Salter explains the challenges of building a cryptocurrency mining farm!
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because of this mofos the mining difficuty is to the roof before talking about how hard scaling is talk about how hard is doing a platine youreself or disign a gpu youreself the only way i got gpu´s were used or death ones i backed and mining farms destroy the whole market to make money on crypto, they sometines shipping more gpu than a store even have mofos farms
I waiting until november to begins my mining process here, hope have a prosper relationship with genesis mining like many other users... in my city there are also quite friends waiting for new contracts or to see how my investment works because in my country is too hard try to manage your own equipment but anyway I believe that miner in one of the future professions in this century...
Cool, super glad you were able to sort out what sounds like were a BILLION problems you ran into AFTER taking everyone's money. At least you are actually making payouts to your customers unlike some others. Bring back SHA256! I got 5 on it... "Pacta sunt servanda"
It would really be awesome if you were able to get the sha256 contracts you sold in September up and producing hash-rates _before_ the end of October...
Like tomorrow would be _TOTALLY AWESOME!_ But I can wait til the 15th if necessary... ;D ... but alas.. _T minus 30 days and counting..._
This is a very informative video, showing that Genesis uses their on designs for the graphics cards, and equipment which means they are custom, and patented, and trademarked by Genesis. They have a massive mining operation. My 3% off Genesis Mining code: lbLK8h
1. Get a wallet - I recommend Exodus because it's a multi-coin wallet where you can store bitcoins, ethereum, litecoin, monero and a dozen other popular cryptocurrencies. ( https://www.exodus.io/ ). Once you're able to afford it, get a hardware (USB) wallet and store it in a secure fireproof safe.
You can also view comparisons of the various wallets available here: https://www.cryptocompare.com/wallets/#/overview
2. Goto Genesis Mining ( https://www.genesis-mining.com/ ) and create an account. Login and buy hash-power... it's that simple.
You can make purchase's by credit card (NOTE all purchases will be in US dollars, so if your own national currency isn't USD, expect exchange fees). If you use my affiliate promo code: *5xF30O* ... you will get 3% off your purchase (you'll also get your own code when you create your account to pass on to others when they buy contracts at your behest so that you too will earn a small percentage of the hash-rate they purchase). When you get your code, pass it on to me and I'll use yours next time I make a contract purchase.
Sadly there are currently only *Zcash* (Equihash), *Ethereum* (Ethash) and *Monero* (Cryptonite) 2-year mining contracts available (once the 2-year contract is concluded, you will have to repurchase contracts or let them lapse). The availability of contracts are based upon the availability of hardware at the site. As demand increases, Genesis buys more hardware to fill the contract orders they have.
*Bitcoin* (sha256) contracts may be available in the near future, but beware, the last time they were available in early Sept., they sold out in three days, so you need to move fast if you want any.
Before you buy any contracts regardless of what they are, make sure they're profitable by reviewing their profitability using a _mining profitability calculator_ ( here: http://tinyurl.com/y7p674ka here: http://tinyurl.com/yczg79mr or here: http://tinyurl.com/y8fyxdwq ). Input the necessary information paying particular attention to the hash-rate your purchasing: mega-hash per second (MH/s), giga-hash per second (GH/s) and tera-hash per second (TH/s). In all cases your power/electricity costs are zero (included in your purchase), but your "hardware costs" are your contract costs. NOTE also that Genesis charges (if memory serves me) a 0.0028$US/day maintenance fee. Also pay close attention to the duration of your break-even date (in comparison to your contract end date) – only the CoinWarz (second tinyurl link above) mining calculator gives you this information.
A lot to absorb... Good luck.
Go to their website and sign up. After you do that just simply purchase hashpower buy clicking the “buy hashpower” button. Make sure you have an address filled out in the settings page for your chosen contract.
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