Just a reminder that Genesis Mining is a total scam. Nobody should ‘invest’ with them.

There isn't a single 'investor' who has ever received a break-even ROI. This is a fact. Everybody who has ever given them money has ended up with less than they gave.

If the price shoots up, sure it feels like you're making gains. But the reality is that if you gave any crypto to Genesis, you will only ever get a fraction of your original crypto back. Not even 100% of the initial investment, let alone profit.

It is a clear ponzi. This company's operational costs are obviously in fiat. They rent IT spaces in various countries, buy servers and graphics cards and netwoking equipment, pay salaries, advertising, travel, etc.

So they're taking all your money in bitcoin and then what? Converting it to Fiat so that they can mine bitcoin again?

Marco Streng is a liar and a fraud.

submitted by /u/ElGuapissimo
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Bitcoin – The Currency of the Internet

Erik Voorhees: “Roger – please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn’t. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.”

Erik Voorhees: “Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn't. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.” submitted by /u/eragmus
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Bitcoin – The Currency of the Internet

$500 Million Has Been Mistakenly Sent to Ethereum’s Genesis Address (news.bitcoin.com)

Genesis blocks hold a symbolism that’s almost spiritual. They represent the birth of a new cryptocurrency, and when that currency flourishes, its foundation stone – the maiden block to have been mined –  is referenced reverentially. Ethereum’s first address is a memorable one: 0x followed by 40 zeroes. It’s also a dangerous one that has been the unintended recipient of $ 6 million in ether and over $ 500 million in ERC20 tokens.
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Bitcoin

Moore's law predicted that electric circuits would double in # of transistors every 18 months. This exponential growth has held for 50+ years and applies to many tech scenarios. Bitcoin is doubling in price every ~8 months since the Genesis Block. This gr

Bitcoin