Our GPUs are the swiss army knife of the Blockchain technology We can mine any coin that's happening on the Blockchain market and any coin that's coming up in the future so in order to participate you need GPUs and we are doing this massive buildout of GPUs for the Altcoin market

My name is Stefan Schindler I'm the CTO representing Genesis Mining and we are here once more in Iceland expanding our mining operation When the network started everything was about doing this type of calculation on your processor of your computer but soon enough somebody found out actually graphic cards are better in doing these kinds of operations, they are more efficient, which means they can do more transactions or more calculations with less power and that's the reason why we are building out so many GPUs GPUs means graphics cards Our mining rig is basically a computer but stripped down to the minimum in terms of computing and up to the maximum in terms of mining It's a normal computer that has a lot of GPUs but of course, the detail is what matters Like every computer it has a mainboard which you can see here and that mainboard holds all the main components: there's a processor, there's RAM, which is the memory and we use a USB stick to run our software, it's not connected here but that's basically it and then of course these things so in order to understand this we have to turn it around a little bit and look at this here

These are our graphics cards of course this is what everything is about Now the problem is: "How to do you put so many GPUs in one main board?" it's not possible because the main board that you can buy on the market, they don't leave you enough space for the GPUs so in order to do that somebody invented those risers is PCI risers, is basically an extender from the main board to the GPU and it enables you to put many GPUs in one rig and distribute them so to make sure that the heat gets dissipated And of course what is missing at the end is we need power so that the entire thing runs and that is this thing here It's a power supply unit with a connector and it has strong cables so that we can power all the GPUs and of course the main board That's basically it it's a computer that is optimized for mining

These things are built so that we can really put them together really really fast in our farm and we have a little production line where everybody puts one screw and another guy puts another screw and then in the end, after a few steps we have this rig together and it's portable we can take it out, put it in a shelve and put it back somewhere else It's an easy setup but highly efficient and very well working for us