Genesis Group News

For our readers, check below regularly for information on the future of cryptocurrency and Genesis Group’s recent press features.

Genesis Group

Genesis Group Acquires Service Provider Blockchain Consulting GmbH

PRNewswire / Category / Blockchain / Published on

Leading blockchain infrastructure provider Genesis Group has announced the strategic acquisition of Blockchain Consulting GmbH.

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Genesis Mining

“Why We Shouldn’t Worry About Crypto Mining Energy Consumption” by Marco Streng

Genesis Mining / Category / Blockchain / Cloudmining Industry / Mining / Published on

We’ve all heard the surprising statistics about the world’s cryptocurrency mining demands on our energy: it’s on par with the amount of electricity Ireland uses in a year.

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Genesis Mining

“Why Crypto Mining Matters” by Marco Streng

Genesis Mining / Category / Bitcoin / Blockchain / Published on

It depends on a network of strangers scattered around the world, each with their own backgrounds and motivations, to transact and transmit value without any middlemen involved. Despite its disparate components, it still governs itself to be completely free of error. What’s not to love about such an elegant system? And furthermore, how does it work?

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Genesis Mining

More than buzz at the Malta Blockchain Summit

Genesis Mining / Category / Conferences / Blockchain / Cloudmining Industry / Mining / Published on

One of the main purposes of the event was to raise awareness of Maltas blockchain-friendly jurisdiction. With its new regulatory framework, the small Island in the mediterranean sea has made headlines repeatedly when it comes to its stance on blockchain and cryptocurrencies. Considering a number of notable companies, including Binance and Bittrex, which established a branch on the island, the government’s work is bearing fruit.

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How Genesis Mining Took Over the Cloud Mining Sector

CoinCentral / Written by David Hamilton / Published on

Genesis Mining 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 Mining’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.

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Bitcoin Magazine

Cease and Desist Order Against Genesis Mining Now Withdrawn

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

After five long months of working with South Carolina officials, Genesis Mining 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.

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The Telegraph

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

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.

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International Business Times

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

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

Marco Krohn, the co-founder of Genesis Mining, 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.

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Where does Bitcoin go from here?

Mashable / Written by Stan Schroeder / Published on

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.

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Bitcoin Magazine

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

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

Marco Krohn, co-founder and CFO of cryptocurrency mining company Genesis Mining, 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.”

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

CNBC / Category / Interview / Published on

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

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