Quote from: lifeforcepools on October 22, 2014, 10:49:24 PM

Quote from: lifeforcepools on October 22, 2014, 09:49:47 PM

how can they actually prove they are really mining coins and not just taking people's money and shorting the money to pay people who have purchased hash?

please provides proof that this company is really mining coins.

has anyone actually visited their data center?

has anyone on this site actually visited their data center - there are some cloud mining services that I am pretty sure aren;t really mining at all and I'd like some real proof before I invest.

in addtition - can you actually see what you're mining? can you choose a pool to mine in and create a worker to see that worker actually mine?
what kind of machines are pictured there? who is the manufacturer?

Please contact genesis mining and schedule a visit to Iceland it is very nice country. Wink

If genesis points your hash power to the real pool of your choice how would they subtract the daily fees ?
If you get a worker Id would that actually mean anything except that you will probably have to pay all the fees when hash power is activated ?
Do you expect worker to be the size of your contracted hash power or aggregated slots of 10GH would satisfy you?

Approach like "you choose the pool" (u r just binding your hash power to specific public pool profitability) is not the proof that hash power
exists for you. There are some mining providers out there that 'offer' that but that's more like try and cry solution.

Genesis is using multiple pools/proxies (it was written somewhere in this topic) for redundancy as they are protecting users where lot of pools are not always 100% up time.
Would you agree to get 0 MH because you picked the pool that was down for 24h (accumulated or not) ?

Of course, there is always someone who wants to speculate which pool is better and all that, but personally I want security and contracted hash power.

Do you ask AT&T about the manufacturer of their equipment or you just pay the service and use it ?

You can always buy a miner, set it up at home, point to the pool and do it the old fashioned way like most of us did long time ago Wink

Bottom line I think you are missing the point of service as cloud mining where I don't care about any of this, just want my daily payout and leave the
technicalities and speculations to someone else.

Happy cloud mining;