The manufacturers of asic mining system put on their site what was to be a small revolution in the manufacture of cryptocurrencies by asic, I want to talk about the algorythm Cuckatoo31, it is first of all OBELISK known to manufacture luxury miners, design, here is after a first unsuccessful test of which we do not know very well the ins and outs what will be written on their site:

Due to a lack of interest and funding, Obelisk has had to cancel the GRN1 project. All who purchased the GRN1 directly from Obelisk (usa) will be receiving a full refund for their purchase.

Now is Innosilicon’s turn to take over, we are told that this system is much more successful because it supports the Cuckatoo31 and 32 algorithms which are the two parameters for performing asic mining in the blockchain from the front. guardian and the very profitable GRIN cryptocurrencies represented by a smiley.
We have been chatting for over a year on all the sites of the massive arrival of three different Innosilicon G32 Mini / G32 500 as well as G32 1800 asicminers.
That said, the G32 1800 is expected to have a rate of profitability in any case at the start because we are obviously warned that it will very quickly lose its attractiveness because the difficulty in the blockchain will increase brutally all this depends on the number of miners sold by the Chinese manufacturer this time much less design but what’s the matter since the 1800 model brings in just over 160 dollars a day.

It is at the beginning of this year that the miners were going to be distributed by Innosilicon but something tells me that they already knew that the project would also be abandoned, even if it accepted payments by bank wire and bitcoin one little week ago still, they will try to reproduce the same effort as OBELISK and clarify as quickly as possible the situation to bring a little comfort to the customers who spent more than 14,000 dollars for an asic G32 1800 and 4000 dollars for a G32 500 here is a preview sent to all customers by the Chinese manufacturer a few days ago:
Dear Distinguished G32 Customers,

We are sorry to inform you that our Grin product G32 GPU ASIC fabrication has not been supported well by the foundry due to their lack of experience and confidence.
We’ve been working on the issue and tried our best to solve it. However, it is unfortunate that we finally learn from the foundry in the recent meeting that they still
do not have enough resources and confidence to make the large GPU ASIC yield viable, even after various assurance from our engineering side.
Their yield feasibility evaluation took way too long to meet our delivery requirement in January and February so we have to put this production on hold till future clearance.
We apologize for the inconvenience this may have caused to you.
The full refund process starts immediately. Please provide the your order info and previous bank info as below.
All refund should take place within 30 working days from now according to payment sequence.
Order id:
Order amount:
Receiver account name:
Account:
Your Address:
Receiver’s Bank name:
Bank address:
Swift code:
(If there is intermediary bank, please provide the swift code of intermediary bank)
We will also offer coupons for each G32 order plus fast hosting service, and each coupon values a 15% off discount over the online price.
G32 Coupon Policy
Model
Coupon Qty./ Miner
Guidelines
G32-Mini
1
Applicable to all the listed miners on Innosilicon official website.
Each coupon can be used to purchase only 1 miner.
This coupon cannot be used with other coupons.
Valid till March 16,2020
G32–500
2
G32–1800
3
*If you have bulk need but not enough coupons, please contact us for a more competitive sales policy.
Due to the Chinese Spring Festival we will take a long holiday from Jan. 20th to Feb. 3rd, we will process the refund once back to work.
Again, we sincerely apologize for the situation. We are as hurt in this process as anyone.
Thank you again for your great support all the time!

Finally in this process we will obviously not know exactly why the two manufacturers abandoned the project, we can’t wait to know the truth behind this production and for the moment so that Grin continues to exist it is still made by G29 and G31 algorithms thanks to the famous graphics cards.
Remains to know who will close the debate and put on the market these machines to make money in a mode “I will become rich in a few short months” which obviously will never happen.

This is the beginning of the history of the GRIN cryptocurrency, everyone and especially the miners pray that the end is worthy of a film, I suppose that with the advance of technology this should go well for them but now the manufacturers will suddenly suffer in terms of preorder, who‘s gonna still trust them, not me anyway…It’s obvious!!!

Hello IQMINING/TRANSCRYPT looks like a very great Cloud Mining website, you'll be suprised by what I'm going to inform you now,,, First they make you sign up and everything looks fine, once you started investing in there hidden troubles begin...You try to find where to copy and paste your privat external wallet to withdraw money.... There is not: You must open another account at so called TRANSCRYPT EXCHANGE looks like a big exchange place, problem is not listed anywhere not even at Coinmarketcap, they dont even talk bout them, Now please listen:

Once the account openned: You get a wallet ID which you copy & paste on IQmining cloud mining ( they are the same compagny anyway ), you can deposit money feature is enable in exchange but impossible to withdraw any coins feature is disable, you need to pass KYC to enable withdraw feature: the biggest trouble it is not possible to pass KYC, why? First they dont accept address proof which is not in English (I had to call my bank and ask for one hour at the phone to get one, as I live in Switzerland main languages are German, French & Italien, impossible to get an English Bank statment document). This is only to start, with exactly the same documents I openned many accounts pass many KYC as for example at Coinbase, Kraken, Binance, Wirex, Bitwala, Crypto.com, Iqoption, Bitpanda, Kucoin, Decoin, Bitpay (to get debitcards), Cointiger and many more never had one issue...With Iqmininhg & Transcrypt it's been 15 days I'm trying to pass KYC I get everytime the same mails here is one example:

From: verification@transcrypt.eu

Hello, thank you for provided documents. Unfortunately, we cannot accept it. in order to pass your verification process, please follow the instructions below:

Refill a "Level 1" form with a full information: full name of country of birth, state etc.

Re-upload on the platform front and back side of your national ID card in a full layout with all borders visible in a good quality with clearly visible details.

Take a new selfie with your ID card and re-upload it on the platform: do not put the ID in front of your face, your face and ID should be clearly visible on the picture.

Re-assign the declaration: make sure the signature match the one on your ID card.

Re-upload a document for the proof of address in a better quality (picture you have uploaded is too dark, please replace it and we need it in English). Thank you for contacting us.

Regards,

Diana F. Support

I got about 20 mails like this always with another fullname signature.

Finally I've asked a refund because (I was not sleeping anymore at nights by scanning everytime all my documents and upload them again & again & again., I'm really tired an desesparate, very strange also because deposit feature is enable but withdrawal is looked/disable, I cannot withdraw my mined coins. Other issue they tell you, you will mine this amount of bitcoin/daily, 90% are missing on the balance.

Definitelly its a HUGE SCAM they got ready in there, hopefully I only invested 140 USD but I will never get any refund because from when I've asked a refund, there is no reply from them anymore mails have stopped directly.

One solution: AVOID TOTALLY INVESTING IN THIS SCAM, IQMINING AND TRANSCRYPT ARE ONLY SCAMMERS/PONZI SCHEME and they have absolutelly no mining machines.

Stay Safe investing your money go somewhere else as (at Genesis maybee???)

Respectfully (have a nice week-end)

 :)Hi everyone, actually I still have from one month ago a Mining Rig I builded myself, with 8 X Radeon RX sapphire & digibyte GPU (580), motherboard H110 Pro BTC+, black aluminium closed box with 3 Powerfull's fans in front side, SSD 64gb, 4gb RAM, intel processor, all connection, one wifi socket to switch on & off when you re outside, everything connected to Minerstat,  Mining Ethereum & Ethereum classic, Monero, zcash, Mona...(Profit-switch). Hashing Power 245MH/S strongest Bitcoin Mining 2000 watts PSU , motherboard supports til 13 GPU, power used 950 watts with ethereum mining...Feel free to ask me for pics, live & Video of the Rig, price 1000 USD (shipping cost included from Switzerland dhl/fedex) Paypal accepted...Best Regards contact me on my telegram @BYTCOINBOOST

I totally understand How Coinpot.io compagny works and they make quite such nice money because of bitcoin's beginners, they all think Coinpot is a great faucet wallet which gives away nice money....But it's totally different they found a intelligent way to fuck their customers off by Mining coins with their link...I have an Intelcore I7, 8th generation, with 8core, 3,7ghz, a strong gaming PC, first of all they same not using your GPU, I made a test my GPU increase while mining with Coinpot.io so they must found a code which detects GPU and they still use it a tiny bits...Second fact my Hashrate only with my CPU reach 120-120 H/S normally, with Coinpot.io I never go over 19-21 H/S, so they take at least 80% of my hashing power , you calculate this thousand miners, this makes quite such nice money....I understand why they give away free(it looks like it) little penny with faucets, only because they earn lots of money legally because they have been intelligent and noone take care of it, the only think about these little satoshi they give to us....Please AVOID MINING WITH COINPOT.IO IT'S A BIG SCAM, I think if everyone's stop mining with it they just shut the link one week after..Also while mining bitcoin core with CPU as cryptography is SHA256 hashrate should be notified as KH/S, but it's not my PC only reach 19-21 H/S which is a total scam...Listen to me specially for beginners you will never earn some money with COINPOT.io, the only thing you re gonna do is fuck up your PC, they are actually lots trustfull software to mine crypto, use ETHOS from LINUX CGMINER BJMINEr or other ones...You have the choice and you can make some litlle money as 5-10 us /monthly with your CPU only not as Coinpot which give after one month of strong surfing, tell them to fuck off even if website is attractive don't fall in that trap please big work 0.10 penny..Piss off Coinpot, even if website is attractive don't fall in that trap please, listen to me if you need informations you can reach me on telegram cloudXXX...