0:00
what's up guys welcome to Ty's crypto
0:02
help in this video I'm doing my first
0:04
cloud mining contract with the Genesis
0:07
mining and now you may be asking what is
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cloud mining or it may be you're asking
0:12
what is mining in general mining is the
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way I understand it I don't know
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everything and I fully understand it I
0:19
feel like but they're letting you're
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letting the Bitcoin network or whatever
0:23
crypto that you're mining for use your
0:26
computer power the more powerful your
0:28
computer is the better because you're
0:29
going to make more money from it or more
0:31
cryptocurrency Broman shouldn't say
0:34
money because it's crypto but you get on
0:36
I mean you're letting a user computer
0:38
and it's mining for cryptocurrency by
0:41
processing like transactions by solving
0:44
algorithms so it's like solving math
0:46
problems which is kind of what makes
0:48
cryptocurrency secure and all those
0:51
times that people are sending money and
0:53
there's a little transaction fee which
0:55
is usually what it is like way smaller
0:57
than it would be for sending like
0:59
regular money it actually like disperses
1:02
that amongst the Bitcoin mining network
1:03
of people letting them use their
1:06
computer now plot of mining is basically
1:07
doing the same thing you're mining for
1:09
cryptocurrency but you don't have a rig
1:11
like you don't have actual physical
1:13
Hardware you're doing it over the cloud
1:15
and same cloud mining so it's kind of
1:18
like if you've ever paid for a website
1:19
where you go and you just pay for your
1:22
hosting and they're managing everything
1:24
for you and making sure it's running and
1:25
stuff you don't want you don't have to
1:27
have servers in your house like run a
1:29
website anymore
1:29
kind of same thing where like yeah you
1:31
pay money somebody's running your mining
1:33
rig and you don't have to do anything
1:35
you can upgrade it all through the
1:37
internet just right here about putting
1:39
more money into it so a greater hash
1:41
rate like anytime you want you don't
1:43
have to like physically upgrade the
1:44
hardware like you would if you had your
1:46
own mining area and for me I travel a
1:49
lot so I kind of can't have a mining
1:52
regular right now I'm gonna Airbnb and I
1:54
usually am like in one like at a months
1:56
at a time I'm not hauling a mining rig
1:58
around with me plus traveling on flights
2:00
or stuff like that
2:01
I could probably actually shows because
2:03
I could be making money for free I once
2:05
I spend the initial investment on it but
2:07
I'm not doing that I don't feel like it
2:09
I'd rather mess around a cloud mining I
2:11
get into that it doesn't pay as much
2:13
because
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obviously Genesis whining does have to
2:15
make some kind of money like they're
2:18
taking fees and that's the first thing I
2:19
thought about this is like re if I'm
2:21
putting money into this like and they're
2:22
paying me for running the dick coin
2:26
mining your egg like why when they just
2:28
take all the profits like if its
2:30
profitable why wouldn't they just take
2:31
it all I really don't have a good answer
2:33
for that just website nothing it's a
2:36
scam it's like they have like they've
2:38
proved and have videos and stuff of all
2:40
their mining rigs and servers and stuff
2:42
like that
2:43
so it's a true like seems like real
2:45
operation but it's just weird because
2:47
like again why would they not just make
2:49
all the money and not pay it out but I
2:51
guess this way they kind of get
2:52
guaranteed funds coming in if people are
2:55
doing mining contracts but I don't know
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what you guys think about that if you
3:00
have an answer for that leave in the
3:02
comments I'm literally just trying this
3:03
for fun and I've watched so many
3:05
different like youtubers and I read so
3:07
much stuff about it and people are
3:09
making money from it so I kind of want
3:11
to try it out like I said the other day
3:13
I have some aetherium or I did have a
3:15
theory I'm I went up and then which I
3:17
had sold for that PlayStation for like
3:19
215 and aetherium and then it went I buy
3:24
put into a light point and then I went
3:25
up a little bit now it's at 308 so I'm
3:28
almost up a hundred bucks from selling a
3:30
Playstation pretty freakin sweet so now
3:33
I think I'm going to do is pretty much I
3:35
really don't want to put all this in
3:36
there into Genesis but I want to start
3:39
with a pretty decent amount because I
3:42
don't want to make like 15 cents a day
3:45
that would be pointless and obviously
3:47
the more money you put it in the more
3:48
you're going to make I'm not please
3:49
don't put anything in here and just like
3:51
be like oh I hope I'm gonna make you
3:52
lunch money back and stuff like that the
3:54
mining difficulty goes up so like you're
3:57
going to make less and less money as
3:59
time your zone with Genesis unless
4:02
you're like putting money back into it
4:03
or one thing you can do which I'm
4:06
probably going to do some of the time
4:07
it's the money you make from it every
4:09
day because they like do daily payouts
4:10
which recently they have like some
4:13
issues and stuff they haven't been
4:14
paying out like every single day but
4:16
assume spaced out a little bit either
4:18
way you can put your money back into it
4:20
like half of it has an investment back
4:22
in your mining your egg and like I've
4:24
read it even more
4:25
and I grade your house rate so anyway I
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feel like I'm going on and on but I just
4:30
wanted to like really explain this so
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yeah here's the website you can do all
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kinds of different contracts like mining
4:37
for different stuff but right now I'm
4:39
like it constantly changes all the time
4:40
because they have to have enough server
4:42
space and I guess they're operating it
4:44
consistently or whatever there's only
4:46
like three different contracts right now
4:48
Manero ether mining and a Bitcoin so and
4:55
I really don't know much about Manero I
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just know this I think that's the one
4:58
that's like really untraceable and I
5:00
think a lot of people use that for like
5:02
the dark web and buying drugs and stuff
5:04
like that I know I'm not into buying
5:07
drugs on encrypted that's not why I'm
5:09
any cryptid whatsoever not doing
5:11
anything illegal whether that's have you
5:13
done a Philly it's already like a
5:15
borderline it's not illegal but it's
5:18
like there's there's no laws around it
5:20
so I'm being careful with it anyway
5:22
let's get into this all right so yeah
5:25
you can put in whatever amount you want
5:26
then it kind of gives you a your Terra
5:28
hatch and your Giga hatch and everything
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like that gives you the rate like as you
5:33
slide the scale I think I'm going to do
5:36
like I said I have 308 I want to leave
5:38
something to trade up and down maybe I
5:40
should put 200 so I do that stuff with
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200 let's see all right I feel like okay
5:47
so it's only let me get from 150 to 225
5:51
if I do 225 that'll leave me a little
5:54
bit deterred and that's just so little
5:55
like it's just going to annoying I like
5:58
have to pay attention and watch that so
6:00
it was so silly I'm literally just doing
6:02
this for fun they're like this is this
6:04
is why I'm doing this is it's
6:05
interesting me it's cool anyway I think
6:08
I'm gonna do the full thing I literally
6:10
think I am does that total it out a
6:11
little video and I'm gonna leave myself
6:13
80 bucks eight bucks in crypto and
6:15
litecoin which is the one I'm holding it
6:17
in right now I let's do the calculator
6:20
so $300 like coin which what I'm gonna
6:24
pay with is going to give me two Terra
6:25
hash a Bitcoin by the way I'm doing
6:29
Bitcoin mining and I think that's the
6:31
best one I really don't understand this
6:33
because there's like two-year contracts
6:36
for these and I think they end after
6:38
years and you pretty much lose your your
6:41
money you put into it but this you don't
6:44
lose your money you put into it like
6:45
it's open-ended so it continues and it
6:47
says right here the classic option where
6:50
you mind for as long as its profitable
6:51
and I earn as much as possible with your
6:54
purchase hashbrown or so as long as
6:56
you're continuing to mine and make money
6:58
from it it's not going to be like the
7:00
contract hitting an end it's going to
7:02
keep going and I mean honestly this
7:05
website could be a complete scam like
7:07
you could put all your money in and they
7:08
could just be like alright we're
7:09
shutting out Genesis mining that's not
7:11
working out we're losing money and they
7:13
take everybody's money and run like they
7:15
are completely I think legally allowed
7:17
to do that as this crypto currency like
7:19
they probably wouldn't get in trouble
7:21
for it that's kind of messed up so be
7:23
careful what you put your money into
7:24
this but anyway let's look at the
7:26
calculator so it says set the value of
7:28
BTC and US dollars so they coin is at
7:31
three three four eight all right
7:35
everyone what is that a $2.00 loss even
7:38
so I'm gonna buy and what was it - Tara
7:42
hash or isn't it up I squint a lot
7:46
looking in the computer but I don't need
7:47
to I can see it just fine I don't know
7:48
why I do it
7:49
i everybody always sees me do they're
7:52
like you need glasses I'm like oh I can
7:54
see it just fine I just go like that
7:55
because I feel like oh maybe it doesn't
7:57
any T better but I can see it just fine
7:59
right now anyway I so this is a Genesis
8:02
calculator like I'll saying I think it
8:04
takes away from the fees or at least
8:06
down here if you look the profit or it's
8:09
going to tell you how much it produces
8:10
in Bitcoin today and how much is
8:12
produced in the Bitcoin per month and
8:14
then the profit because this is a
8:17
produce produce is actually what you're
8:19
mining rate would make if you are
8:21
getting all the profit so that's another
8:23
thing if you're mining on your own if
8:24
you have like a set up and you're able
8:25
to do it maybe a cloud mining isn't for
8:28
you you should just invest in a miner
8:29
egg if you're really going to want to
8:31
get into it because you can buy this
8:32
pretty cheap now that's really just like
8:34
the graphics card that you want to spend
8:36
a good bit of money I want to make it
8:37
make it powerful I make as much money as
8:41
you can with your mining really but
8:42
anyway you can make more doing it
8:45
through mining because you get all of it
8:47
versus cloud mining but anyway 300 bucks
8:50
which I guess I did
8:51
Mountain is going to give me fuel again
8:55
and profit $45 per month net payout
8:58
which is I guess a dollar in 48 cents
9:01
per day now it seems stupid it seems
9:02
like pointless like why would you even
9:04
do that but I mean in two hundred and
9:06
return on investment which isn't that
9:08
loan like the mining difficult you may
9:10
go up a little bit but two hundred two
9:12
days that's not like I'm putting three
9:14
hundred bucks to the side and I'm going
9:16
to forget about it and then at that
9:17
point after two hundred two days I'm
9:19
pretty much going to be making I guess
9:21
trade profit because I'm gonna make my
9:23
money back and I'll be making money from
9:25
there as long as I'm again making profit
9:28
for my contract to keep going wrong I'll
9:31
be yeah I think I should do this I think
9:33
300 bucks I'm going to try it out let's
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scroll down I'm not going to pay with a
9:37
credit card I'm going to pay with a
9:38
light coin which I think I can pay for
9:40
the Bitcoin contract with like point so
9:43
let's continue I don't know how to do
9:45
this either I want to have to move it
9:46
indigenous is finding and then pay
9:48
because I have in my bitter export but
9:50
if I do I'll just come back when it's
9:51
done now another thing as you can put in
9:53
a promo code I'll give you guys if you
9:55
do want to do this again I'm not telling
9:57
you to as you could put your money in
9:59
and you get to leader tomorrow they'd be
10:00
like see you guys running with our money
10:02
and we're going to have these minor
10:04
aches till they can honestly do that
10:06
they give you a like we're shutting down
10:07
a mining company but if you want to if
10:10
you want to sign up under my code it'll
10:12
actually give you a I think three
10:14
percent we'll look at here but it will
10:15
give you a three percent discount or not
10:18
discount list I'll tell you exactly how
10:21
I have it right though you'll get a
10:24
three percent discount on your purchase
10:26
so let's use my affiliate code I'll put
10:29
my code in the description and you can
10:31
use this anytime you got great because
10:33
like I was saying on such as this I want
10:35
you I can put more money into it or I
10:36
can put my profit and I'm getting paid
10:38
right back into it too and you guys if
10:41
you want to like to refer your friends
10:42
if they're trying to do this too you can
10:44
go get your affiliate code just like
10:46
that so put that in validate I think I
10:49
can use my own code maybe I can't I
10:51
don't know if I can then whatever but I
10:54
wouldn't be surprised if I can use my
10:56
own code but yeah you guys put that in
10:59
there if you want to try it out at o UV
11:01
three percent off not telling me I am
11:03
I'm actually going to go you somebody
11:05
this code it was validated up and there
11:12
we go 3% discount so now we will agree
11:16
to the terms I'm going to view the
11:19
agreement again I already know what I'm
11:20
getting myself into
11:21
I could lose every penny as it's on
11:23
completely I find of that that would
11:26
sucked
11:26
I don't want that happen but sorry if
11:29
you can hear my fridge right there just
11:30
decided to freaking turn on and make a
11:32
tunnel always confirm order but I
11:37
clicked it it's loading a little slow
11:40
here hope they're mining rigs are faster
11:43
than their website look they get all
11:46
this power to do mining rigs and their
11:48
websites look like you okay what
11:52
happened did it take me back to the
11:54
start I think you did all right I'm
11:56
going to discuss over again then I will
11:58
come back in just a second get to walk
12:00
you through this part too so I'm going
12:02
to do is send like going for my business
12:04
account at 6.4 again from here to my
12:09
cloud mining so copy the address here
12:11
and we're going to send it to that
12:14
address and we're going to do six drag a
12:17
cloud is an exact amount paste that in
12:22
there and withdrawal
12:28
it's always scary unverified account
12:32
withdrawal them has been reached please
12:34
try again in 24 hours to increase your
12:35
limits please verify your account oh my
12:38
god okay I finally figured it out I got
12:41
my account verify to the districts I
12:42
thought it already was that's done now
12:45
my money has been transferred it
12:47
literally just tried too soon so I don't
12:48
know it's actually I went through it up
12:50
and usually like takes a minute still
12:52
does I have the money in here but
12:54
available balance pending reserved okay
12:57
so it is it is sending I think because
13:00
it isn't reserved but I have 22 minutes
13:02
for this order to expire so hopefully
13:05
freaking doesn't I would I was sucking
13:07
that expired like before it finished
13:09
ending but I'm pretty sure it's gonna be
13:10
fine
13:11
fingers crossed because I don't know it
13:13
will happen if it's not fine Bobby yeah
13:15
I just put three hundred dollars pretty
13:17
much into Genesis winding there's my
13:20
first contract and yet like I said
13:22
before it should make me about $45 per
13:26
month back for that three hundred bucks
13:28
and I'll take only two hundred two days
13:30
of Genesis mining and if I want to I can
13:33
put some of the money back into it and
13:35
it's probably going to make it even
13:36
faster back because I'm putting my
13:38
investment back into it our may take me
13:40
a little bit longer I guess because you
13:42
know I'm saying taking some of the
13:43
profit away but it'll just make me more
13:45
money more Poyer and I can use the money
13:47
I'm making maybe even more money you
13:49
gotta spend money to make money
13:50
do you guys want to check it out I'll
13:51
put a link down below as well as my
13:53
promo code I think where I'm not going
13:56
in the video until we actually like have
13:57
it through here or if it's going to like
14:00
like say alright you're done
14:02
as soon as it as soon as it goes through
14:05
I'm an idiot so I did it was drawl and
14:11
I'm gonna go ahead and do this now
14:13
that's how I'm getting it started and I
14:16
was sitting there waiting and waiting
14:17
and waiting I've done multiple drawers
14:18
trying multiple times districts was not
14:22
doing anything it just kept saying
14:24
pending and I was like I don't want to
14:25
left it for a while I started like 12
14:28
o'clock literally like three hours later
14:30
and I'm like alright why is why is not
14:33
working look because I've been filling
14:34
this video my freakin Alexis Irving
14:38
often network you can find that I wasn't
14:41
I like to shut up like this job what are
14:46
you talking to the price of my estimated
14:50
BTC is going down three dollars because
14:53
I moved into BTC because I had it in
14:55
like coin moved into BTC and I'm sure it
14:57
doesn't matter I've lost money since in
15:00
the process of doing this video just
15:01
because of how long it's taken I need to
15:03
verify the transaction on site I'm going
15:05
to confirm this email I still may take
15:08
just a minute I withdraw confirmation
15:10
successful now being processed yet it
15:13
will take probably a minute or two
15:15
already not I don't have anything is
15:18
going to happen on this page or not or
15:21
if I'll just have to like refresh and
15:23
then I go back to Genesis fining and it
15:26
should start but I think it says right
15:29
here it shows a as soon as we receive
15:31
your payment is the hash power we credit
15:33
your account and you can start mining we
15:36
will send you an email when you receive
15:37
the payment okay so any look out for an
15:39
email for Genesis home we are happy to
15:42
inform you that your order bla bla bla
15:44
has been averted day so I think I've
15:47
started cloud mining out guys Thursday
15:50
August 10th 2017 at 12:21 a.m. that's
15:56
when I started my cloud mining right now
15:58
it's still on the stage but let's go to
16:00
my dashboard and let's see if I actually
16:03
have some mining power for Bitcoin
16:06
because it says that I got to leave that
16:08
to Terra ashes I'm I'm dead clone mining
16:12
right now from here on out I literally
16:14
have to do absolutely nothing if I want
16:17
to I can obviously read put my art put
16:20
my money back into it I take money out
16:22
but I think they were supposed to like
16:24
right now like I said they're not paying
16:26
out daily but they're supposed to pay
16:27
out daily there's just some issues of
16:29
payment stuff like that and think they
16:31
got hacked and stuff and they lost a lot
16:34
of like etherium but safes they've
16:37
recovered all the payments to pay
16:38
everybody back so I feel like I trusted
16:40
signing off that I put 300 bucks into it
16:42
again code is down below if you guys
16:45
want to check it out and yeah thanks for
16:47
watching and I'll see you guys next
16:48
video leave some comments down below
16:50
I love everything about the site and if
16:52
there's any other sites you should
16:53
actually check out I think there's like
16:56
a couple other like pretty good cloud
16:58
mining sites that I may check out so if
17:00
you want to see some videos on that and
17:01
be trying those out let me know - all
17:03
right
17:04
he has next one please
Published on Aug 10, 2017
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