Quote from: Zelig on September 10, 2016, 09:52:59 AM

Quote from: BitcoinNational on September 10, 2016, 09:16:33 AM

re: mining contracts

1. look here https://btc.com/

2. You will see sha256 is very concentrated.

3. Genesis is likely odd man out, and hence screwing over their clients.

4. The odd feature; if Genesis allows, specifically still is allows for dedicated mining of the MM coins pools (UNO, SYS, NAME) ... okay ... but I personally do not know.

5. If Genesis fails on that level, there is little chance of them finding a niche in the BTC ecosystem ... next step is mining on retired hardware.

6. i agree, if genesis can't handle, then next door to the Peoples republic of NK is China, again back to pools that have2nd gen tech.
Kim .. if he is smart will buy out the tech.

Genesis still allows for UNO mining... but, as soon as they stop being profitable on your contract, they cut you off.

Z

Wanted to get this song in tonight;
https://www.youtube.com/watch?v=pR30knJs4Xk
TNT ~ UNO ~ TNT ~ UNO ~ TNT ~ UNO ~ TNT
(Nod to our friends down under)

And by the way, if you see your mom this weekend, you be sure and tell her ...
https://www.youtube.com/watch?v=LwknFJpjl9g

Further communique from Genesis Mining via Marti;

We are sorry you feel that way. We reduce maintenance fees according to open opportunities to do that (several times per year - to help our customers, this should be clear), and upgrading hashpower means purchase of another contract, and hashpower added to hashpower related to contracts with the same fee.

We expect our customers to inform themselves thoroughly about the product they are buying.

Best regards,
Marti
Genesis Mining Customer Service

Well... I guess I had to learn the hard way. ... As an informed consumer, I choose not to do further business with Genesis Mining.

Z

P.S. F eth