Hey Guys,
I know from trustworthy sources that Genesis mining (
www.genesis-mining.com) are selling in record numbers at the moment due to their extreme low prices and upgrade their farm more and more! If you read their posts and do some research they already had gigahashes of scrypt at the very beginning of this year when it was impressive to have > 10 MH/s with GPUs!
Could that be a threat to Altcoin world? What do you say?
Is there even any evidence that they are mining at all? I haven't really looked into it too much but I saw no evidence on their site of any actual mining equipment, plus they don't let you mine anything, just on their own pools. I'm not convinced they are mining at all and aren't just taking payments, and then calculating what payouts would be if they did mine.