Genesis Mining - Examining the Largest Scrypt Cloudmining Provider
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....
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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....
Genesis Mining has grown quickly amidst a rapidly-expanding cloudmining market and is now the SHA and Scrypt mining industry leader. The German-directed, Bermuda-registered corporation offers not only Bitcoin mining contracts but also diversifies its hashing power to “the most promising altcoins” such as Dogecoin and Litecoin. In a follow up to our previous interview back in July of 2014 with the company, we decided to check up on Genesis Mining to see how the suppressed bitcoin price has impacted their operations, the current state of the cloudmining industry, and what is in store for the....
For Bitcoin cloud mining, names quickly come to mind such as Cex.io or PBmining. But what about on the Scrypt side of the spectrum? Genesis Mining plans to change just that. Before going over what makes Genesis Mining stand out, what are some of the benefits of having your hash power the cloud versus setting up your own rig? Well, for one, you don’t have to set it up. Even for experienced miners, it’s a hassle to buy parts and assemble the parts; make sure everything is working, etc. After that, you have to somehow isolate the heat and noise coming from usually multiple graphics cards....
When it comes to engaging in Bitcoin cloudmining, there has been a lot of hype but little entry-level information generated for the average user. As the concept of mining Bitcoin becomes more and more well-known as a concept, many more consumers are looking into the idea. However, with difficulty at its current level, the expense associated with hardware purchasing, as well as the mining process itself, is off-putting, and so cloudmining is becoming the natural choice for many new parties today. The infrastructure surrounding mining, especially hardware manufacturers and mining pool....
Genesis Mining, as per own words world’s leading scrypt hashpower provider, just announced to support DarkCoin as user payout currency and LiteCoin implementation into their payment system! DarkCoin implemented using their unique autotrading techniques where the user’s hashpower will mine the most profitable scrypt coin and have it exchanged to DarkCoin. Genesis Mining is using this technique very successful for BTC already. With their implementation of the possibility to pay the contracts with LiteCoin also, they are one of the first big companies to be a true “multi currency company”. We....