Genesis Mine Invest Press - Bitcoin Investment News

Bitcoin’s wild ride

CBS News / Category / 60 minutes by Anderson Cooper / Published on 19.05.2019.

Anderson Cooper reports on how bitcoin was started, where it may go and some of the people who have ridden the cryptocurrency roller coaster over the last 10 years.

Genesis Mine Invest Lets Anyone Mine Cryptocurrency Without Costly Hardware

CardRates / Category / News by Eric Bank / Published on 15.07.2020.

Genesis Mine Invest is a platform that provides remote cryptocurrency mining to customers who don’t want to run their own mining operations. You can choose from several different plans and begin mining within minutes without the purchase of any hardware. The company runs multiple crypto farms across the globe, making it a leader in the crypto mining industry. Genesis is introducing its new Hexa system to support entrepreneurs who want to set up their own farms quickly and painlessly.

Nearly one-third of Americans believe U.S. dollar is backed by gold - Genesis Mine Invest’s survey

Kitco / Category / News by Neils Christensen / Published on 02.12.2019.

In late September, Genesis Mine Invest conducted a survey among 1,000 Americans to gauge how well the nation understands money. The results were released late October and showed that 29% of those surveyed thought the U.S. dollar was backed by gold. At the same time, only 30% accurately guessed that the U.S. dollar is backed by the U.S. government.

A Conversation with Genesis Mine Invest CEO Marco Streng

Hackernoon / Written by David Ben Melech / Published on 18.11.2019.

Genesis Mine Invest CEO Marco Streng studied mathematics at the Ludwig-Maximilian University of Munich before co-founding Genesis Mine Invest in 2013 and becoming a passionate advocate for blockchain technology and cryptocurrency.

Profiled: Genesis Mine Invest CEO Marco Streng

Business Matters / Category / Business / Published on 16.11.2019.

Marco Streng discovered Bitcoin while studying to become a mathematician in 2011. His bitcoin mining career began when he installed and began operating a mining rig out of his dorm room in Munich, but he quickly set his sights on much bigger plans.

The End Of Crypto Mining Is Just The Beginning Of Crypto

Hackernoon / Written by Philip Salter / Published on 18.09.2019.

It’s a little too easy for newbie crypto investors to interpret this data point as bad news. It sounds too much like “the end of Bitcoin is near,” and suggests a tone of doom for companies that depend on the popular cryptocurrency to function.

10 Common Sense Definitions of the Most Common Crypto Industry Terms

Hackernoon / Written by Marco Streng / Published on 08.09.2019.

Although the crypto world has begun reaching a form of maturity, the landscape continues to evolve. There’s only ever going to be more to learn, but these 11 terms aren’t going away. Let them be some sort of introductory keys to the kingdom.

The 5 Most Commonly Asked Crypto Mining Questions

Hackernoon / Written by Marco Streng / Published on 08.09.2019.

People have been mining cryptocurrency since the introduction of Bitcoin in 2009. While mining might be popularly understood as a profitable hobby for computer nerds, it actually forms the underpinning of a new decentralized economy built on technology and cryptographic math.

What Is Proof of Stake?

The Daily Hodl / Category / HodlX by Marco Streng / Published on 08.09.2019.

Proof of stake is a consensus mechanism for decentralized ledgers. It lets computers scattered around the world keep the same database in the same confirmed state across many different locations at once, so it’s become a useful tool for a variety of emergent cryptocurrencies to maintain their operations successfully.

What You Need to Know About GPU Crypto Mining

blokt / Mining by Philip Salter / Published on 03.09.2019.

GPUs were already important technological components well before cryptocurrency was a thing, and there’s no reason for this to change. They are multipurpose tools that might be fairly called a Swiss Army Knife of computing.

There Are Some Big Misconceptions About GPU Crypto Mining, Says Leading Market Player

blokt / News by Marco Streng / Published on 22.08.2019.

Crypto has only gained popularity and notoriety in the time since then, and our business has grown right along with it. These days Genesis is one of the biggest mining companies in the world, and we rent our computing power out to individuals who mine competitively for themselves.

Bitcoin Mining Centralization Is ‘Quite Alarming’, But A Solution Is In The Works

Forbes / Crypto & Blockchain by Kyle Torpey / Published on 28.07.2019.

As Streng pointed out during the panel, economies of scale, access to the cheapest electricity in the world, and optimizations made by the largest players at the hardware level make it difficult for the average hobbyist with a few mining machines in their basement to compete.

Op Ed: Why We Shouldn’t Worry About Crypto Mining Energy Consumption

Bitcoin Magazine / Category / Bitcoin / Written by Marco Streng / Published on 20.06.2019.

I pay special attention to this as the founder of one of the largest crypto mining companies in the world. We’re now 10 years into the crypto era, and the power demands of any developing economy only increase as it matures. The crypto mining industry’s power demands today go to providing proof of work, immutability and consensus in a decentralized network — it’s the essential three-ingredient cocktail that makes blockchain technology work.

Why Crypto Mining Matters

Hackernoon / Written by Marco Streng / Published on 19.06.2019.

Crypto mining is important for the same reason that a bridge between two populated islands matters: it’s a piece of connective infrastructure that holds things up and makes life more convenient.

What’s the Future of Crypto Mining?

Hackernoon / Written by Marco Streng / Published on 18.06.2019.

Crypto mining is a high-volume industry, so it’s harder than ever for the lone individual to play a meaningful role. Crypto mining data centers squeeze out every last bit of performance from every mining rig for maximum results.

Genesis Mine Invest On the Evolution of the Cryptocurrency Mining Industry and How Individuals Can Mine Via Cloud-Based Infrastructures

CardRates.com / Written by Matt Walker / Published on 20.12.2018.

Genesis Mine Invest fits into the complex world of cryptocurrency mining by bringing mining capabilities back to the individual through its cloud-based infrastructure. The company has several mining farms in which it maintains all the high-powered servers and equipment necessary for an effective mining rig.

How Genesis Mine Invest Took Over the Cloud Mining Sector

CoinCentral / Written by David Hamilton / Published on 01.11.2018.

Genesis Mine Invest is one of the largest cloud mining operations in the world. This crypto giant started from meager beginnings and grew into a global powerhouse in less than five years. Genesis Mine Invest’s strategy of providing enterprise-level cloud mining to interested crypto investors has paid off massively and allowed the company to carve out a permanent home in the crypto space.

Why Cloud Mining Needs to Be Trustless: Marco Streng of Genesis Mine Invest

Bitsonline / Written by Jon Southurst / Published on 04.10.2018.

In his speech at the recent World Digital Mining Summit in Georgia, Streng said the mining industry is tough right now, without the huge returns of past years. Bitcoin difficulty is ever-increasing, along with R&D costs and time. Add in the 2018 bear market and it’s hard to stay ahead of the curve.

Cease and Desist Order Against Genesis Mine Invest Now Withdrawn

Bitcoin Magazine / Category / Mining / Written by Nick Marinoff / Published on 27.08.2018.

After five long months of working with South Carolina officials, Genesis Mine Invest has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division. The company will relaunch to U.S.-based customers shortly. This marks one of the first times a blockchain company has fought back against regulators and been successful.

Warren Buffett trolled! Miner puts up billboard, says legend wrong on bitcoin

The Economic Times / Category / Markets / Stock / News / Published on 21.05.2018.

Genesis Mine Invest, a popular cloud mining company based out of Iceland, put out some billboards outside Warren Buffett’s office this past week in support of bitcoin and telling the ace investor that like he was wrong about Google and Amazon, he might be wrong about bitcoin too.

A crypto miner trolls Warren Buffett with bitcoin billboards outside his office (BRKB)

Business Insider / Category / Currencies / Written by Graham Rapier / Published on 18.05.2018.

Marco Krohn, the cofounder of Genesis Mine Invest, on Wednesday tweeted photos of the signs, which refer to Buffett’s recent admission that he was wrong about not investing in the mega-cap tech giants Amazon and Google in their early days.

At NYC’s Big Crypto Conference, the Lamborghinis Are Rented and Protests Are Staged

Bloomberg / Category / Cryptocurrencies / Written by Lily Katz / Published on 14.05.2018.

Genesis said the protest was a “fun way” to show how crypto can upend banking “if they fail to adapt to the new world we live in,” according to a blog post on its website.

Consensus plays host to fake protest organized by Bitcoin mining company

Mashable / Category / Tech / Written by Jack Morse / Published on 14.05.2018.

”This protest is representative of what will happen to those industries and companies that fail to understand times have changed,” explained Genesis Mine Invest CEO Marco Streng on the Bankers Against Bitcoin website. ”The consumer abuse that’s been possible due to a lack of competition is over. The biggest competitor big banks have ever faced has arrived and it’s not a company or organization, it’s a decentralized technology.”

My Conversation with Bitcoin Visionary Marco Streng

U.S. Global Investors / Category / Investor Library / Frank Talk / Written by Frank Holmes / Published on 14.05.2018.

Last week I had the opportunity to sit down with Marco Streng, the wunderkind bitcoin visionary behind Genesis Mine Invest. Genesis, as many of you reading this might know, is the world’s largest cloud bitcoin mining company, with over 2 million customers worldwide.

Meet the 28-year-old building a Bitcoin empire (with £10m of computers and a mind-boggling electricity bill)

The Telegraph / Category / Technology / Written by Rory Ross / Published on 25.01.2018.

To reach Enigma, the main base of one of the fastest growing businesses on the planet, you first have to fly to Reykjavik. Next, you drive along several roads until you reach a dirt track. It is then a rough ride for a few miles until you arrive at three nondescript white warehouses.

With Bitcoin’s Price Tanking, Is Now A Good Time To Invest?

International Business Times / Category / Technology / Written by AJ Dellinger / Published on 22.12.2017.

Marco Krohn, the co-founder of Genesis Mine Invest, noted that there are still tons of variables in play that make these types of spikes and drops possible. “This is a very new digital asset and the market is still trying to assess how useful it is,” he said.

Where does Bitcoin go from here?

Mashable / Written by Stan Schroeder / Published on 05.12.2017.

Sizing up Bitcoin is a tall order. Even as the price of one bitcoin soared above $10,000, a debate raged over what, exactly, Bitcoin is: A digital store of value, a revolutionary payment platform, or the promise of a completely new, blockchain-based financial system.

Bitcoin Crossed $10K for the First Time: Global Validation or Speculative Bubble?

Bitcoin Magazine / Category / Investing / Written by Amy Castor / Published on 29.11.2017.

Marco Krohn, co-founder and CFO of cryptocurrency mining company Genesis Mine Invest, admits bitcoin’s rapid escalation in price took even him by surprise. “I’ve been in this [space] since 2011, and this is the first time I’ve seen the bitcoin price go up like crazy,” he told Bitcoin Magazine. “Everybody who was in the business kind of expected it would go up, but by a factor of 10 was really surprising.”

Bitcoin mining is meant to be a decentralized process, executive says

CNBC / Category / Interview / Published on 13.11.2017.

Marco Streng, co-founder and CEO at Genesis Mine Invest, says by providing bitcoin miners large and small with tools, the firm aids a decentralized model.

Inside Bitcoin’s mine in Iceland

CNN / Category / Interview / Published on 23.10.2017.

Cheap electricity + cool air = Bitcoin mining potential. Richard goes inside Iceland’s Genesis Mine Invest Bitcoin mine

Hive Switches From Mining Gold to Bitcoin, Surges Six-Fold

Bloomberg Technology / Category / Tech / Written by Natalie Obiko Pearson & Brandon Kochkodin / Published on 12.10.2017.

There, Hive plans to mine different cryptocurrencies, depending on which ones offer the best margins and build an inventory of coins on the expectation they’ll appreciate. Hive said it plans to buy a second Genesis data center next door for $5 million and has the option to buy more in Iceland and Sweden, cold countries which can keep power and cooling costs down.

Why Cryptocurrency-Mining-As-A-Service Is A Tailwind For AMD

Seeking Alpha / Written by Motek Moyen / Published on 11.10.2017.

Sales of discrete GPUs should remain strong for many more months to come. There will be more operators of Cryptocurrency-Mining-as-a-Service platforms. More datacenter operators will eventually compete against cloud mining service providers like Genesis Mine Invest.

Here’s Why HIVE Blockchain Technologies (TSXV:HIVE) (OTCMKTS:PRELF) Is One Of The Most Exciting New Bitcoin Entrants

Insider Financial / Category / Bitcoin / Written by Chris Sandburg / Published on 20.09.2017.

For anybody not familiar with this space, Genesis Mine Invest is a behemoth in the bitcoin mining sector. The company rents out bitcoin mining space to third parties (as well as operates a large bitcoin mining facility of its own) and has been around pretty much since this large-scale mining facility wave began to take shape in the cryptocurrency world.

Big Banks Aren’t Ignoring Bitcoin Anymore, Still Wary

Investor’s Business Daily / Category / News / Written by Bill Peters / Published on 11.08.2017.

“What the big players and the reputable companies need is, in particular, a legal and regulatory stable environment,“ said Marco Khron, CFO of Genesis Mine Invest, a bitcoin mining company. “They are reluctant also because, or in part because, some of it is kind of a new area for them.“

Interview: CEO of world’s largest bitcoin cloud miner answers the most important questions on bitcoin mining

Moneycontrol / Category / Interviews / Written by Sidhartha Shukla / Published on 08.08.2017.

In an extensive conversation with Moneycontrol, Marco Streng, CEO of Genesis Mine Invest, the largest cloud mining company in the world, sheds light upon the cloud mining industry, its challenges and the road ahead for cryptocurrencies.

Cryptocurrency miners are renting entire Boeing 747s just to stay in the game

Business Insider Australia / Category / Finance / Written by Peter Farquhar / Published on 31.07.2017.

“We are renting entire airplanes, Boeing 747s, to ship on time. Anything else, like shipping by sea, loses so much opportunity.“

Ethereum miners are renting Boeing 747s to ship graphics cards and AMD shares are soaring

Quartz / Written by Joon Ian Wong / Published on 27.07.2017.

“Time is critical, very critical,” in mining, Marco Streng, chief executive of Genesis Mine Invest, a major ethereum miner, told Quartz. “For example, we are renting entire airplanes, Boeing 747s, to ship on time. Anything else, like shipping by sea, loses so much opportunity.”

NewsBTC In Conversation with Marco Streng, Genesis Mine Invest Co-Founder & CEO

NewsBTC / Category / Interviews / Written by Gola Yashu / Published on 10.07.2017.

Apart from the fact that India has quickly grown to be a top market for us, we have been very happy to see the volume, maturity, and engagement grow on our Social Media, website & customer support channels. We notice that a lot of our customers have done their research. This also explains the booming demand for Altcoin mining. Ethereum, Dash, Monero and other alt coin mining contracts are selling like hot cakes!

Cryptocurrency Mining Is Fueling a GPU Shortage

Vice Motherboard / Written by Daniel Oberhaus / Published on 07.06.2017.

According to Stefan Schindler, the Chief Technical Officer of Genesis Mine Invest, the company buys its GPUs in bulk. Schindler wouldn’t disclose just how many graphics cards are deployed at Genesis’ Engima—heralded as the world’s largest Ethereum mining operation—but said that the farming operation has grown significantly since it launched in 2015.

Bitcoin’s ’Segwit2x’ Scaling Proposal: Where the Startups Stand

Coindesk / Category / Technology News / Written by Alyssa Hertig / Published on 31.05.2017.

New information is coming out about a proposal that some hope could lead to a long-awaited increase to bitcoin’s transaction capacity, a stagnant feature that many in the community believe is holding back the cryptocurrency’s growth and utility.

We got a look inside a vast Icelandic bitcoin mine

Business Insider / Category / Bitcoin / Written by Rob Price / Published on 23.05.2017.

Bitcoin is going nuclear. The digital currency is hitting all-time highs, with a single coin going for more than $2,197. It’s an epic bull run that has accelerated in recent months: Just a year ago, it was sitting at just $443.

WannaCrypt Hackers May Have A Hard Time Claiming That Ransom Without Getting Caught

Fast Company / Category / Technology / Written by Steven Melendez / Published on 16.05.2017.

“All these transactions are recorded in a public ledger, so everyone can follow each and every transaction that is going on,” says Marco Krohn, cofounder and CFO of bitcoin startup Genesis Mine Invest. “It makes it relatively hard for people to launder money.”

Bitcoin, Ethereum climb to all-time highs

Market Watch / Category / Market / Market Extra / Written by Joseph Adinolfi / Published on 01.05.2017.

Two of the world’s most popular digital currencies rose to records on Monday, with the Bitcoin price eclipsing the $1,400 level for the first time ever. Ethereum, the world’s second-largest digital token, climbed above $80 for the first time.

Bitcoin’s Price Has Spiked, But Mining It With Genesis Hasn’t

Observer / Category / Cryptocrazy / Written by Brady Dale / Published on 01.04.2017.

The company’s CEO, Marco Streng, said that demand for hashing power inside the company’s farm of mining servers has doubled since the price spike began, yet the company has kept its prices flat. “We made a promise,” Streng said, “We are not pricing our hardware based on opportunity.”

India Hosts Genesis Mine Invest’s First BlockSpeak Conferences

NEWSBTC / Category / News / Bitcoin / Event / Written by Gautham / Published on 20.03.2017.

Genesis Mine Invest 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. And now, the company has entered India with an aim to tap on to the country’s growing interests in the digital currency as the next investment haven.

Bitcoin Just Became More Valuable Than Gold. Why Does the Price Keep Rising?

Newsweek / Author Anthony Cuthbertson / Published on 03.03.2017.

The media has announced the death of bitcoin more than 100 times since its inception in 2009, yet its value continues to rise and reach new records. The price of bitcoin hit all-time highs for four days in a row this week, peaking at $1,293 on Friday. With gold trading at $1,230 an ounce, this is the first time one bitcoin is worth more than a troy ounce of gold.

Bitcoin’s Top Rival Is Up 90% and Ready to Ditch Mining

Bloomberg Business / Category / News by Olga Kharif / Published on 28.02.2017.

Marco Streng’s computer servers are what make Ethereum tick.
Thousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world of cryptocurrencies and blockchains. Without these machines, or those deployed by Streng’s biggest rivals, there would be no Ethereum.

Bitcoin - The money of the future?

Das Erste / Author Annette Dittert / Published on 08.01.2017.

What currency has doubled its value relative to the Euro last year? The Bitcoin, the digital online currency, with which one is barely in contact with German everyday life - unlike elsewhere - hardly as a means of payment.

Roller coaster for the Bitcoin

LeMonde.fr / Category / Economy / Written by Marie de Vergès / Published on 06.01.2017.

Beware of turbulence! After spending a few days in excess of 1,000 dollars (944 euros), Bitcoin - the most famous of digital currencies - collapsed on Thursday 5 January by more than 20% in ninety minutes. The cryptocurrency then recovered and evolved Friday morning around 980 dollars.

Bitcoin gets within touching distance of all-time high and boosts other cryptocurrencies with it

Forbes / Category / Technology / Written by Arjun Kharpal / Published on 05.01.2017.

Bitcoin moved to within touching distance of its all-time high on Thursday with the recent rally in prices also supporting a rise in alternative cryptocurrencies.

Bitcoin plunges as much as 20 percent as Chinese yuan soars

Reuters / Category / Technology News / Written by Jemima Kelly / Published on 05.01.2017.

A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China’s yuan rose sharply - further evidence of an intriguing inverse relationship between the pair.

Sliding yuan spurs bitcoin to reach new all-time high

CalvinAyre.com / Written by Jasmine Solana / Published on 05.01.2017.

Risk-averse traders, who have given up on the weakening Chinese yuan, have pushed bitcoin to a new all-time high. Bitcoin’s price reached $1,140.64 on Wednesday, breaking the $1,137 price it hit in November 2013. In December, the popular digital currency also surpassed its all-time high in total market capitalization, and has since surpassed $16.1 billion.

Meet The 27-Year-Old Mathemetician Building A Bitcoin Empire

Forbes / Category / Entrepreneurs / Contibutor Julian Mitchell / Published on 15.12.2016.

Since being introduced by Satoshi Nakamoto in 2008, Bitcoin has swiftly evolved to transform the way we imagine global currency in a digital world. Developed by programmers and released as open-source software in 2009, Bitcoin is credited as the first decentralized digital currency, commonly referred to as cryptocurrency, serving as an alternative peer-to-peer payment system.

You Could Be Mining This Cryptocurrency Without Knowing It

Vice Motherboard / Written by Jordan Pearson / Published on 12.12.2016.

Zcash is a new virtual currency that claims to be more anonymous than bitcoin, and has garnered interest from academics, investors, and criminals. Perhaps thanks to the latter group, hackers are allegedly installing software on unsuspecting users’ computers that forces them to mine Zcash for the hackers’ own profit.

What’s the Future of Bitcoin Mining?

The Huffington Post / News by Nick Hastreiter / Published on 27.08.2016.

These Bitcoin miners provide computing power to the Bitcoin network which solves the complex math problems required to power the network in exchange for a fee, paid out, of course, in Bitcoin.

Bitcoin Miners Face Fight for Survival as New Supply Halves

CNBC / Category / Bitcoin / News by Reuters / Published on 09.07.2016.

The most important thing is to be the most efficient miner. When the others drop out, that means that they leave the market and give you a bigger share of the pie.

Bitcoin Miners Face Fight for Survival as New Supply Halves

Fortune / Category / Tech / Bitcoin / News by Reuters / Published on 08.07.2016.

The move is a step designed to keep a lid on bitcoin inflation.

Marco Streng of Genesis Mine Invest on Ethereum and DASH Mining.

Bitcoinist.net / Category / Altcoins / News by Scott Fargo / Published on 10.06.2016.

Genesis Mine Invest quickly expanded their GPU mining capacity to fulfill the growing demand for Ethereum mining as well as other algorithms like DASH.

Genesis Mine Invest launches Enigma, the world’s largest ether cloud mining farm

International Business Times / Category / Finance / Bitcoin / Fintech by Ian Allison / Published on 12.05.2016.

Genesis Mine Invest, the eco-friendly Bitcoin cloud mining provider, has launched Enigma, the world’s largest ether cloud mining farm.

The Return of Bitcoin Mining

Bloomberg Business / Category / News by Olga Kharif / Published on 07.01.2016.

Bitcoin mining is looking a bit more attractive again.
Higher prices are fueling a comeback in the business of creating new virtual currency.

Bitcoin Is Growing up - an Infographic of the Bitcoin Ecosystem

Bitcoin Magazine / Category / Bitcoin by Jacob Donnelly / Published on 18.11.2015.

Bitcoin has come a long way from that initial statement by Bitcoin’s pseudonymous founder, Satoshi Nakamoto. The technology is growing up and changing from its early days as a project adopted by impassioned technologists and libertarians to a technology widely researched and used by financial institutions worldwide.

Top Bitcoin Myths – #4: Bitcoin is a Ponzi scheme or a ‘tulip mania’

Leaprate / Category / News / Published on 08.11.2015.

Many have accused Bitcoin of being a Ponzi Scheme. These critics explain this by stating that early adopters who invested early are going to profit as more investors come in. This argument is rather foolish in the sense that it describes the scenario of any new technology, innovation, or company.

Will Bitcoin Rise Through the End of the Year?

Inside Bitcoins / Category / News / Published on 04.11.2015.

2015 has not been a year without its hurdles. Bitcoin enthusiasts have encountered several scares over the last several months, regularly witnessing their favorite digital coin drop and fluctuate to the point that our mental states seemed to heading into very fragile territory.

Genesis Mine Invest Launches Nationwide Bitcoin Advocacy Campaign!

Inside Bitcoins / Category / News / Published on 02.11.2015.

Genesis Mine Invest, one of the first and more reputable cloud mining companies in the industry, recently launched a nationwide Bitcoin advocacy campaign, which is more focused on encouraging the consumer to form their opinion regarding Bitcoin than promoting Genesis Mine Invest.

Genesis Mine Invest lanza campaña publicitaria abogando por el Bitcoin

Criptonoticias / Category / News by Jaime Sandoval / Published on 01.11.2015.

With the title “Bitcoin Explorer”, the leading provider of cloud-mining Bitcoin and other criptmonedas, Genesis Mine Invest, launched an outdoor advertising campaign in the United States designed to promote and raise awareness of the possibilities that brings the world Bitcoin.

Top Bitcoin Myths – #3: Bitcoin allows for anonymous payments

Leaprate / Category / News / Published on 01.11.2015.

The best way to define Bitcoin is to visualize it as a public ledger. This ledger records every transaction that occurs on the network and every transaction that will ever occur on the network.

Bitcoin Weekly Recap 10-30-2015 - Genesis Mine Invest Begins New Bitcoin Public Awareness Campaign in U.S.

Dce brief / Category / News / Published on 30.10.2015.

On Monday, Genesis Mine Invest launched what it hopes will be an effective national campaign to increase the American public’s awareness of Bitcoin and its many benefits.

Bitcoin Advocacy Campaign To ‘Open’ People’s Minds

News btc / Category / Bitcoin News / Blockchain Technology / News by Nikhil Gupta / Published on 29.10.2015.

Genesis Mine Invest, a leading cryptocurrency cloud mining provider, has launched a nationwide outdoor advertising campaign in the United States with the aim of raising awareness on the potential of digital currency Bitcoin, and what it is capable of providing to the world.

Bitcoin advertising posters in taxis and on public roads

Blasting News / Category / Bitcoin / Published on 29.10.2015.

The people of South Florida, Washington DC, Chicago, Boston, and San Francisco, in the United States, read, for the first time, the word ”Bitcoin” in billboards on public streets and on rooftops. Taxis, accompanied by legends like ”Why pay money to send money?” Or ”Bitcoin is not a company, Bitcoin is not an organization, Bitcoin is a technology”.

Top Bitcoin Myths – #2: Bitcoin does not solve any real world problems

Leaprate / Category / Bitcoin / Published on 25.10.2015.

Many people believe that Bitcoin does not have any relevance to real world problems. Yet it does. Bitcoin solves innumerable real world problems.

Top Bitcoin Myths – #1: Bitcoin is a tool for criminals to purchase drugs, launder money, and finance terrorism

Leaprate / Category / Bitcoin / Published on 11.10.2015.

Since the first days of Bitcoin the press and other commentators (who should know better) have continually tied Bitcoin to criminal activities ranging from money laundering, to drug transactions to even terrorism.

The magic of mining

The Economist / Category / News / Business / Published on 01.10.2015.

The computers that solve the puzzles also process transactions in the currency and update the blockchain. Every ten minutes each machine or group of machines takes a block of pending transactions, and uses it as the input for a mathematical puzzle.

Op-Ed: Marco Streng of Genesis Mine Invest is a Bitcoin Bull

Brave New Coin / Category / News / Published on 30.08.2015.

Bitcoin is too volatile. Bitcoin is too small. Bitcoin is too risky. These are the types of headlines I am reading over and over again every day and have been for the last 4 years.

Life Inside a Bitcoin Mine: Interview with Genesis Mine Invest’s Marco Streng

Cointelegraph / Category / Interview by Evander Smart / Published on 28.08.2015.

CoinTelegraph spoke with Genesis Mine Invest head Marco Streng on the current state of the mining industry, the Life Inside a Bitcoin 8 Mine project that aims to make cloud mining transparent, and how he sees the Bitcoin industry moving forward.

Genesis Mine Invest Shows Life Inside a Bitcoin Mining Farm in Iceland

Coinspeaker / Category / Companies / Mining / News by Polina Chernykh / Published on 22.08.2015.

One of the largest cloud bitcoin mining providers, Genesis Mine Invest, has launched a 24-hour live stream from inside a mining facility located in Iceland. The mine is equipped with powerful computers that are needed to process transactions in digital currency.

Bitcoin miners play down Ponzi fears with ‘nanny cam’

Nypost.com / Category / Tech by James Covert / Published on 21.08.2015.

These bitcoin miners don’t wear hardhats, they don’t use picks and shovels — and they’re not running a Ponzi scheme. That’s the urgent message from Genesis Mine Invest, a global firm.

Look inside the surreal world of an Icelandic bitcoin mine, where they literally make digital money

Business Insider Australia / Category / News by Rob Price / Published on 21.08.2015.

Mining is the backbone of bitcoin. It’s the process that creates new bitcoin: By contributing computing power to process transactions on the bitcoin network, “miners” are rewarded with a portion of the digital currency.

That is a ’mine’ of bitcoins inside

Actualidad.Rt / Category / Economy / Published on 21.08.2015.

Although bitcoins may occur in home computers, there are now many companies ’mining’ digital with the help of large computers dealing with ’extraction’ of the virtual currency.

Look inside the surreal world of an Icelandic bitcoin mine, where they literally make digital money

Business Insider UK / Category / Trending by Rob Price / Published on 20.08.2015.

... of bitcoin. It’s the process that creates new bitcoin: For contributing computing power to process transactions on the bitcoin network, “miners” are rewarded with a portion of the digital ...

Genesis Mine Invest Offers Hive to Large-Scale Bitcoin Miners

News btc / Category / News by Sarah Jenn / Published on 08.07.2015.

Genesis Mine Invest, one of the largest bitcoin mining companies around, recently updated its web interface to give bitcoin miners better control over their digital currencies.

New Genesis Mine Invest Tool Seeks Industrial Bitcoin Mining Efficiency

Coindesk / Category / Mining / News by Yessi Bello Perez / Published on 07.07.2015.

Genesis Mine Invest has launched a new web interface which will enable miners to gain greater control of their bitcoin mining operations.

How to Buy Bitcoins with Cloud Mining

Moneymorning.com / Category / Featured content by David Zeiler / Published on 25.06.2015.

Of all the ways how to buy bitcoins, cloud mining may be the most unusual.
With Bitcoin cloud mining, you don’t buy bitcoins or the actual hardware used to “mine” it. You buy a contract for a certain amount of mining power, known as “hashing power” for a certain period of time.

Please Raise the Block Size: Bitcoin Mining Community Poll

Cryptocoins News / Category / News / Interview by Evander Smart / Published on 23.06.2015.

The biggest topic in Bitcoin over the last month has been what to do with the size of blocks within the block chain. Mike Hearn and Gavin Andresen have been vocal and influential proponents of a size from 1 MB o 20 MB blocks to ease the growth of Bitcoin as a global currency.

Cloud mining will profit from bitcoin price rise, says Genesis Mine Invest CEO

Cryptocoins News / Category / News / Interview by Dean Walsh / Published on 30.01.2015.

Striking a positive note on the future of an industry which has been in turmoil over recent months, Streng claims that his company is currently in a “favourable position”. They could keep operating even if the price of btc were to fall as low as $100 USD.

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

bankinnovation.net / Category / All posts / Exclusive by Philip Ryan / Published on 27.04.2015.

The warning signs of a possibly fraudulent operator, Steng said, are if the provider is anonymous and does not show pictures of his facility. Because bitcoin mining is now done on an industrial scale (and mostly in cold climates, where mining machines can be cooled inexpensively,) it is standard practice to show off the capabilities of the facility...

The magic of mining

The Economist / Category / News / Business / Published on 10.01.2015.

A HUGE aircraft hangar in Boden, in northern Sweden, big enough to hold a dozen helicopters, is now packed with computers—45,000 of them, each with a whirring fan to stop it overheating. The machines (pictured) work ceaselessly, trying to solve fiendishly difficult mathematical puzzles. The solutions are, in themselves, unimportant.

Marco Streng, CEO of Genesis Mine Invest Talks Project X and Cloud Mining

Crypto Coins News / Category / Altcoin Mining / Bitcoin Mining / News / Published on 17.10.2014.

At the Hasher’s United conference in Las Vegas, Genesis Mine Invest unveiled their Project X platform as the next evolution in their cloud mining service.

Genesis Mine Invest - Examining the Largest Scrypt Cloudmining Provider

Crypto Coins News / Category / Altcoin Mining / Bitcoin Mining / News / Published on 04.10.2014.

The race against the electric meter began already in 2011 for Marco Streng in his home. He built a rig and minted the first Altcoins, focused on Litecoin (LTC).

A Prodigy’s Turn to Bitcoin

yBitcoin / Category / yPioneer / Article by yBitcoin Volume 1 Issue 4 / Published on 01.10.2014.

Some three years ago, Marco streng had every intention of parlaying his lifelong fascination with math and physics into the completion of university work in his native germany before going to an academic or scientific career.

How the ”Impossible” Became the Future: A Talk with Genesis Mine Invest’s Marco Streng

Cointelegraph.com / Category / Interview by Armand Tanzarian / Published on 08.05.2014.

Marco Streng’s company, Genesis Mine Invest, 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.

Mining Roundup: Walmart, BFGMiner and Altcoins in the Cloud

Coindesk.net / Category / Altcoins Investors Mining News / Interview by Daniel Cawrey / Published on 01.06.2014.

Bitcoin’s breakthrough from a rather stagnant price has certainly made miners happy as of late. It might even entice the masses to splurge on a mining unit or two. Such an occurrence would certainly help the network as a whole.

Genesis Mine Invest: A Cloud Scrypt Mining Provider

Bitcoinist.net / Category / Mining News Reviews Services / Interview by Bitcoinst.net / Published on 22.05.2014.

Genesis Mine Invest did a really good job with the user interface and allowing people to choose what coin they would like to mine, giving them complete freedom as if they really did own rig. Their clean, intuitive interface should be a hit with newcomers and veterans alike.

Genesis-Mining: Start Mining For As Low As 14 Cents Per Kilohash Bitcoin 2014 Interview

Digitalmoneytimes.com / Crypto News / Interview by JP Buntinx / Published on 18.05.2014.

We previously touched on Genesis-Mining, a company offering Scrypt cloud mining with yearly contracts and cheap prices. After the first round of feedback from users, they have decided a few things, so let’s take a look!