• Also have to point out: NVIDIA SERIES 104 makes no sense.

    What would make sense is NVIDIA GTX 1040 series GPUs… Except 1040 series are NOT OUT YET! The lowest on the scale is 1050.

    NOLINK://www.nvidia.com/en-us/geforce/products/

    There were talks of making 1040’s, but it’s NOT OUT as of today.

    So I don’t know what’s in those rigs. I suspect it’s merely vaporware.

  • So cancelled contract then?

  • about a week ago USI-Tech affiliates began circulating footage of “a new data center in Iceland

    i thought there would be a tangle of wires leading to the free energy magic magnet and a cloud of bitcoins floating out towards horst jicha’s yacht where he would just pluck them out of the air and …

  • Yes it does GP-104 are used in GTX 1070 and GTX 1080 products. (See en.wikipedia.org/wiki/GeForce_10_series)

    Given a 1070 optmized can get about 30MH/s (I’ve read that somewhere for Etherium, probably not right for Bitcoin), then 8 * 30 = 240 is about right.

  • If you watch this legitimate tour of Genesis’s facility in Iceland you can see a lot of similarities to the USI video: youtube.com/watch?v=2Jqf_wZKFCc

    In particular, this white cable tray stands out: imgur.com/a/L9bLX

    You can see Mike Kiefer of USI Tech claiming that this is their facility in this video (starting at the 19:05 mark): youtu.be/RZFhv8iaT8o?t=1141

  • I wonder what the game plan was?

    “Yo, we’ll just rip off one of the biggest mining pool’s promo videos and hope nobody notices…”

    Sounds about right but pretty amusing after the BitFury lie. But not half as amusing as the gullible herd defending this nonsense.

  • Reality: You can see Mike Kiefer of USI Tech claiming that this is their facility in this video

    kiefer also claims that usi tech owns 2.5 % of ‘ether mining’ in the whole world.

    this is obviously a LIE as ralf gold had to sneak into genesis’ mining rig in iceland with a collapsible usi tech banner, and film for all of 4 secs and then claim they own the mining facility!

    no mining rig or mining contract = 0 ethereum [or bitcoin]

    as for these two-bit crypto ponzi scams that are sprouting up everywhere promising 1% ROI daily, here’s what the creator of ethereum, vitalik buterin, posted on twitter on nov 2, 2017:

    Replying to @bccponzi @CapitanEvropa and 2 others

    Yeah, if 1%/day is what they offer then that’s a ponzi.

    it’s making me mad that people like buterin create fantastic ideas and value for the world, and then pricks like horst jicha and keifer use them for ponzi theft. it’s like shitting on a flower or something. ugly and evil.

  • I was born a conjoined twin in homeland of mother Russia. Ever since surgery my life has changed dramatically.. I can sing, dance, make love to beautiful donkey.

  • Mark, what is your take on the latest mining farm video from USI? We can clearly see that they used Genesis Mining footage and Genesis confirmed they don’t have a partnership with USI.

    I am USI member and planned to invest more but now I hold till I hear how USI-Tech is going to explain a usage of that footage. Any intel you have on that? Thank you.

    Global Turbo Team Presents: YourDailyAbundance

    We discussed that in the video. Where do you think Ralf Gold was when the video was shot? He was clearly in a secure mining facility.

    Some people think it was in Genesis, some people think it might have been another facility. But everyone with any understanding of mining knows that mining facilities are almost as secure as banks. You don’t get inside one shooting videos unless you are authorized to do so.

    If Ralf was inside Genesis, he was authorized to do so, and whatever Genesis might say about it would have to be understood in one of two ways: Either USI has an NDA with Genesis, so Genesis must deny it is doing business with USI even though it is… OR Genesis does not have a contract with USI Tech itself, but with a related company, or perhaps with one of Evan Ahern’s companies.

    Even then, there is probably an NDA in place. If that is true, then Genesis would truthfully say that it is not doing business with USI — even though it is doing business with an affiliate or partner of USI.

    With sensitive commercial relationships and NDAs being typical, either scenario is very likely.

    At the end of the day, when USI has its own branded position on the blockchain that everyone can see as from sometime around mid-December, it does not matter about all these arrangements.

    From then on, the blockchain hash rate listing will be the ultimate transparency, and nobody will be able to question it or deny it.

    USI will do things at its own time and in its own way. It does not need to answer to anyone else about its internal commercial secrets.

  • Paul: GP-104 are used in GTX 1070 and GTX 1080 products.

    Ah, THAT made a lot more sense than GeForce 1040 series. Thanks. It’s really GP104 (no dash), no wonder I can’t find heads or tails of that thing if they can’t even name the prefix correctly.

  • Paul: Given a 1070 optmized can get about 30MH/s (I’ve read that somewhere for Etherium, probably not right for Bitcoin), then 8 * 30 = 240 is about right.

    According to prices I got from the GP104-100’s, those consume 180W each, cost $350 USD each, and mine at about 60 Mh/s for Ethereum. Add the backend and power supplies, I’d expect the rig for 240 Mh/s is 2000 USD or so.

    The question is who gets the supplies of these mining only cards, as they will likely never reach retail, as they lack display plugs?

  • anjali: ralf gold had to sneak into genesis’ mining rig in iceland with a collapsible usi tech banner, and film for all of 4 secs and then claim they own the mining facility!

    Very reminiscent of Sann Rodrigues, later international fugitive, walking around the office building where TelexFree rented an office pretending that TelexFree owned the whole thing. Nobody challenged them since they’re speaking Portuguese.

    The collapsible banner trick was probably inspired by WorldVentures, whose reps are fond of flashing “wish you where here” sign when posing with celebrities to create impression that celebrities are in support of WV.

  • would be nice if you replied to my comments OZ as (Ozedit: Snip, they were marked as spam for being completely offtopic and having nothing to do with the article)

  • USI will do things at its own time and in its own way. It does not need to answer to anyone else about its internal commercial secrets.

    1. This is not how a legitimate MLM company operates.

    2. USI very much needs to answer to the SEC, or any other securities regulator that investigates.

    There’s no reason for a legitimate company to be so secretive. The amount of smoke and mirrors surrounding USI-Tech is typical of Ponzi shenanigans.

    I mean, you don’t think it would take USI-Tech management all of two seconds to clear up with an announcement?

    The scammers realize they don’t have to. Instead release some vague video footage and let their investors come up with legitimacy theories.

  • Car Registration number “S70 TAK”. That should be enough to track down residence of Tak Mano the founder member of USI tech in UK.

    Check his profile on FB. He was showing off his private number plate ahead of the London USI show. Quite bold.

    Any UK peeps losing investment with USI can file debt collection notice with Sheriff’s Office. Just a heads up.

  • For the record, USI never stated that they own any machines. Their email to affiliates said:

    We have secured nearly $100 million USD in contracts for ASIC and GPU mining hardware, with strategic locations in Asia, Europe, and Iceland chosen for power and proximity to technology partners.

    Saying that you have a mining contract is very common and a technically precise statement. (Their video says, “$70 million dollars worth of mining hardware”, without giving any more detail than that.)

    If affiliates are saying USI bought that much equipment, they’re misinformed or lying. I agree that USI should make a very precise statement so as to dispel any confusion.

  • I just don’t get how any sane person can see all of these things pop up, and be explained away time after time, with no real proof and they still ignore the warnings and think that it’s a genuine investment. People are going to lose out a lot of money, it’s picking up crazy traction, surely they’re getting to the point of not being able to pay out “investors”. It’s like a train crash that I can’t look away from. It makes me wonder as well if they are part of the push behind the big price rise in BTC as well. I saw one of the top ones in Perth had something like 1200 people join last week. I think they have passed 500,000 affiliates and they had only half of that I think at the start of Oct (just from memory). That’s a lot of people buying BTC. And that’s a lot of BTC being sent somewhere to line the virtual pockets of those owners.

  • Thanks for the tip but there is no way to contact you otherwise as your contact link at top of the page does not work.

    Curious if you can also report on the number of companies operating with facilities in Iceland. Also maybe an update on bitclub network as I can getting requests for their legitimacy. thaks

  • I just tested it and the contact form is working fine.

    Curious if you can also report on the number of companies operating with facilities in Iceland.

    Unless they’re MLM opportunities, no.

    Also maybe an update on bitclub network as I can getting requests for their legitimacy. thaks.

    AFAIK it’s the same business model. I don’t publish updates for the sake of it. And this article has nothing to do with BitClub Network.

    There’s a search bar on the top right of every page. At least comment on a relevant article.

  • Any UK peeps losing investment with USI can file debt collection notice with Sheriff’s Office.

    They can but (assuming we’re talking about thesheriffsoffice.com) they should be aware that despite the Texas-Ranger-esque name, the Sheriffs Office is a private firm of bailiffs, not any kind of official state organisation.

    Before you can start to think about bailiffs you will need to win a judgement against USI Tech or whoever has caused you loss in court. A bailiff’s job is to enforce that judgement.

    Note that “I invested in an unregulated investment and it went pop” is not a good case for damages. Nor is “I spent a load of money trying to scam people and failed so I want my seed money back”.

    Furthermore, no matter how good your bailiffs are, they can’t recover money that isn’t there anymore.

  • this is what I get when I click on the contact form

    An appropriate representation of the requested resource could not be found on this server. This error was generated by Mod_Security.

  • I was trying to send you unrelated to this post in a messages there on the contact link so forgive my intrusion on this post as I had no where else to go. I also have something important as well i’d like to discuss with you. thanks

  • You might have a browser plugin messing with it. Works fine on my end (Chrome).

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