Genesis Mining Offers Hive to Large-Scale Bitcoin Miners
Genesis Mining, one of the largest bitcoin mining companies around, recently updated its web interface to give bitcoin miners better control over their digital currencies. The company is now offering Genesis Hive, which was previously intended for internal use, to large-scale bitcoin miners. The price at which this service is offered depends on the number of mining units connected to the service each month. This service is also expected to be made available to smaller scale bitcoin miners later on. Bitcoin Miners Operations. "While this has improved efficiency it has also lead to new....
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Genesis Mining has launched a new web interface that will enable digital currency miners to gain greater control of their bitcoin and altcoin mining operations. Initially built for internal use, Genesis Hive is currently being offered to large-scale miners at a rate that varies based on the number of mining units connected to the service each month. The new software is also expected to be made available to medium and small-sized firms at a later, to-be-determined date. CEO and co-founder Marco Streng indicated that the project aims to reduce the rising complexities associated with....
On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from 1.2 exahash per second (EH/s) to 3 EH/s by March 2022. Hive Secures an Order for 6,500 Avalon Miners This week the Nasdaq-listed Hive Blockchain (Nasdaq:HIVE) and Canaan (Nasdaq: CAN) announced that Hive secured a follow-on purchase order for 6,500 Avalon miners from Canaan. According to the....
Cloud mining provider, Genesis Mining, is expanding its mining operations with the launch of Ether Cloud Mining contracts. For the first time, customers of Genesis Mining will be able to mine for Ether, the fuel that powers the Ethereum network. "Our customers asked and we listened. Due to our large-scale GPU mining activities we are glad to offer significant parts of our farms for Ether mining in the cloud. Users can therefore benefit from our economy of scale and our geothermal-powered and optimized GPU mining rigs in Iceland. We are bullish on Ethereum and look forward to giving our....
Canadian bitcoin miner Hive Blockchain has bought 6,400 next generation mining machines from Canaan. The Avalonminer 1246 miners will add a combined 576 petahash per second (PH/s) to Hive’s existing hash power. ● With the addition of the new machines, Hive’s total hash rate will increase to an estimated 1,229 PH/s, well beyond the company’s original cumulative hash rate target of 1,000 PH/s for 2021. ● In a statement this week, Hive said the equipment will be delivered in eight tranches in 2021, with 500 miners delivered in May and June, and 900 miners....
Genesis Mining, a well-known Bitcoin mining service, has announced the launch of the first Bitcoin Mining Fund. The fund, known as Logos Fund, is the first SEC-registered Reg D fund, and has already gathered over $100 million USD in interest from both investment groups and individuals. Genesis Mining has committed $1 million of their own capital to seed the fund and enable growth. The Genesis Mining Fund. Genesis Mining CEO Marco Streng told Bitcoinist: “After receiving over $100,000,000 in inquiries from large-scale private investors and investment funds, we decided to launch an....