Genesis Mining

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Genesis Mining
Genesis-mining-logo.png
IndustryBitcoin Mining
FoundedFebruary, 2014
Websitehttps://www.genesis-mining.com/

Genesis Mining is a company that sells bitcoin mining contracts and is currently one of the largest cloud mining companies in the world.[1][2] The company is active in the Bitcoin community and is frequently seen at events across the world including in Paris, New Zealand, Los Angeles, New York City, Hong Kong.[3]

History

The company was formed after the three founding partners realized there was a need for a legitimate cloud mining provider in an industry full of fraudulent companies.[4] From there they set out to offer cloud mining services to active users and new mainstream users. Genesis Mining launched in February of 2014.[5]

Services

Their services allow customers to purchase mining contracts, which allow them to mine Bitcoin and altcoin through a cloud-based computer network.[6] Their mining farms are based in Iceland, Canada, and Bosnia.[7]

Genesis Mining offers scrypt and sha256 mining. Coins that can be mined (directly or indirectly by auto-conversion) include inter-alia:

External links

A mining farm of Genesis Mining located in Iceland. The picture shows mainly Zeus scrypt miners.


References

  1. "Genesis Mining – Examining The Largest Scrypt Cloudmining Provider". CryptoCoinsNews. https://www.cryptocoinsnews.com/genesis-mining-explaining-largest-scrypt-cloudmining-provider/. Retrieved 19 May 2015.
  2. "The magic of mining". The Economist. http://www.economist.com/news/business/21638124-minting-digital-currency-has-become-big-ruthlessly-competitive-business-magic. Retrieved 19 May 2015.
  3. "How the ”Impossible” Became the Future: A Talk with Genesis Mining’s Marco Streng". CoinTelegraph. http://cointelegraph.com/news/111394/how_the_impossible_became_the_future_a_talk_with_genesis_mining_s_marco_streng. Retrieved 19 May 2015.
  4. "History of Genesis Mining". Cloud Mining directory. http://cloudminingdirectory.com/genesis-mining/review/. Retrieved 19 May 2015.
  5. "Spondoolies-Tech and Genesis Team Up for Cloud Mining Service". CoinDesk. http://www.coindesk.com/spondoolies-tech-genesis-team-new-cloud-mining-service/. Retrieved 19 May 2015.
  6. "Genesis-Mining : Start Mining For As Low As 14 Cents Per Kilohash – Bitcoin 2014 Interview". Digital Money Times. http://digitalmoneytimes.com/crypto-news/2014518genesis-mining-start-mining-for-as-low-as-14-cents-per-kilohash-bitcoin-2014-interview/. Retrieved 19 May 2015.
  7. "Genesis Mining: A Cloud Scrypt Mining Provider". Bitcoinist. http://bitcoinist.net/genesis-mining-a-cloud-scrypt-mining-provider/. Retrieved 19 May 2015.