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Great post, thanks for this information!!!

Hey Colin,

I've never bought into any mining contract, but am considering doing so at some point.

Do you know why Genesis stopped the Bitcoin contracts? Was it to mine for themselves and sell up at the top? Seems a bit fishy that they are now on sale again a few days after the year high?

Cheers

Asher

I don't know what really happened behind the scenes at Genesis Mining, but they told us they run out of Bitcoin Contracts because they did not have more machines to mine. So they run out of equipment. There was talk that they are working on a huge new mine farm in new location, but they have not revealed it to us. They don't give out much details unfortunately.

They sell a lot of there hash power to other companies like Bitcoin Club Network, and maybe they are doing more wholesale deals then retail sales with us.

USI Tech has just bought a $70 million mining farm. Maybe it was from Genesis Mining. USI Tech is still new kid on the block regarding mining, but my new mining purchases are with them for now.

I think I will get to $200 per day easier with USI Tech than Genesis Mining.

Thank you for your comment @abh12345

Hi Colin, thanks for your feedback.

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it is stated that the company is a year old but based on the who is info this company has been formed recently before three months

DOMAIN INFORMATION
Domain:usitech-int.com
Registrar:GoDaddy.com, LLC
Registration Date:2017-07-15
Expiration Date:2019-07-15
Updated Date:2017-08-31
Status:clientDeleteProhibited
clientRenewProhibited
clientTransferProhibited
clientUpdateProhibited
Name Servers:ns1.ny7.com
ns2.ny7.com

and also some companies claim that it is a possible scam

@dvaryani USI-Tech have been going for quite some time, normal traders before adding bitcoin in to the equation. Recently set up to Tokens and mining @colinbrazendale is talking about. This who is, is most probably the new side of the business domain name going up.

I have been with them since March 2017 and find them totally legit.

@dvaryani the new website was launched on 1 Nov. The previous website was usi-tech.info. Not sure if there was another website before that too.

Thank you @joanstewart :)

They are a great place to be @colinbrazendale you just reminded me I have more reading to do since they had the get together in London just the other day. So Thanks.