Life Inside a Bitcoin Mine: Interview with Genesis Mining’s Marco Streng
CoinTelegraph spoke with Genesis Mining head Marco Streng on the current state of the mining industry, the Life Inside a Bitcoin Mine project that aims to make cloud mining transparent, and how he sees the Bitcoin industry moving forward. Bitcoin mining has become one of the world’s most difficult and competitive industries over the last 18 months. From the market price corrections after the Mt. Gox bubble burst, to specious national regulatory laws and banking lobbyist backlash, to the battle to have the latest and greatest ASIC mining rig technology and beyond, countless miners have....
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Genesis Mining has risen from the midst of the rapidly-expanding cloudmining market to lead the way for scrypt mining in 2014. The German-directed, Bermuda-registered corporation offers some of the most flexible and feature-packed mining experiences available, and is continuing to expand its capabilities and outreach. We caught up with founder Marco Streng at Inside Bitcoins Hong Kong and the Central European Bitcoins Conference to get the latest news on the company's development plans, challenges and achievements, as well as some off-topic talking points. Marco himself has had a thorough....
Marco Streng’s company, Genesis Mining, became the largest Scrypt hashpower provider this spring, just a few months after its launch. Now, the team has re-launched their website and tweaked the company’s offer. We reached out to Streng to get more details on what is going on with the company. CoinTelegraph: Genesis Mining launched just a couple of months ago. How has the reception among customers and the community at large been? Marco Streng: The reception of the community was immense! We literally launched in the middle of the Litecoin hype, when everybody was trying to get some graphic....
Buy crypto currencies or mine it yourself? That's probably the most asked question by everyone who wants to dive into the mining of Alt- or Bitcoins. Many important factors need to be regarded. In addition to the cost of the hardware, you must not forget that electricity costs play a particularly important role. So a supposedly secure business quickly can change into a loss. CCN spoke with the CEO of Genesis Mining, Marco Streng on how the cloudmining provider from Munich became the largest supplier in the scrypt mining scene. The race against the electric meter began already in 2011 for....
Genesis Mining is one of the few cloud mining organizations to actually fulfill their obligations to their customers as well as a huge advocate for the Bitcoin and Cryptopcurrency industry. Since the beginning of 2016 the mining industry has seen a lot of shifts, as well as new coins to mine that are wildly popular like Ethereum. Genesis Mining quickly expanded their GPU mining capacity to fulfill the growing demand for Ethereum mining as well as other algorithms like DASH. We were able to chat with Marco Streng the CEO about the recent developments and some future things to come from....
At the Hasher's United conference in Las Vegas, Genesis Mining unveiled their Project X platform as the next evolution in their cloud mining service. Marco Streng, the CEO of Genesis Mining, gave an excellent rundown of Project X as well as a teaser video. Genesis had a booth at the Inside Bitcoins conference as well as Hasher's United and created quite a presence at the shows. One of the hallmarks of Genesis Mining is that they have always been fairly transparent with their data centers, showing pictures, videos and at times live video feeds of the centers. At the Hasher's United....