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Genesis Mining celebrates two year anniversary with a discount for cloud mining

10 Apr 2016, 00:00, ,

Having been involved in Bitcoin for several years, Marco Streng, Marco Krohn and Jakov Dolic have watched cloud mining companies come and go. They realized that there was a huge opportunity in the market, offering a legitimate and trusted cloud mining service. Two years ago, they launched Genesis Mining.

2YearService PromoImage

Having been involved in Bitcoin for several years, Marco Streng, Marco Krohn and Jakov Dolic have watched cloud mining companies come and go. They realized that there was a huge opportunity in the market, offering a legitimate and trusted cloud mining service. Two years ago, they launched Genesis Mining.

The Hong Kong-based company is one of the fastest growing Bitcoin companies in the world, proudly serving over 180,000 active daily customers, up 80% since December 2015.

They offer hosted hashpower for cryptocurrency mining, where clients can choose to exclusively mine a coin, such as bitcoin, or distribute hashpower across various alternatives such as Ether, Litecoin, and Dash.

Mining is the process of making computer hardware do mathematical calculations, confirming transactions and increasing security on distributed networks. As a reward for their services, miners earn transaction fees and newly created coins. The more hash power under a miners control, the more rewards they earn, and Genesis operates several mining farms in Europe, America and Asia.

Genesis Mining“Genesis Mining is an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup.”
— – Genesis Mining

“When we first launched, we made it our goal to truly dedicate ourselves to our customers,” the CEO and Co-Founder of Genesis, Marco Streng, explains. “While we come up with innovate ideas on our own, many of the new services and products we launch come straight from our customers. We’ve made it a habit to listen to what they want then build products and services to cater to them.”

The company launched Genesis Hive last July, a web interface that enables users to easily setup, watch, and manage mining operations. “During our time building and maintaining mining farms we have had to cope with many factors that made running a Bitcoin mining farm a huge resource consuming situation. Having oversite and being in control is fundamental to maximizing profits,” says Streng.

marco streng“We are constantly improving Genesis Hive, preparing today’s large scale bitcoin miners for tomorrow’s needs in the world of mining.”
— – Marco Streng, Genesis Mining CEO and Co-Founder

Late last year the company introduced Ethereum Cloud Mining. Ether is the currency powering the Ethereum platform, which was launched in July 2015. The new protocol has received strong community and professional support since being announced. The first sale of Ether raised over US$15 million, and the asset now has a total market cap of nearly US$700 million.

The launch couldn’t have been timed better, Ether was below a dollar when the service launched, it’s just under $9 today. The rapid growth provided Genesis with a flood of new customers, and the customer growth continues.

“We are bullish on Ethereum and look forward to giving our customers the chance to profit from this exciting innovation while supporting the network.”
— – Genesis Mining

Early last month, the team launched the world’s first bitcoin mining fund, dedicated to investing into a range of Bitcoin-related businesses.

The Logos Fund is a private, pooled investment fund with a minimum investment of US$25,000. "Bitcoin opens up an entire world of opportunities. We are just now starting to realize how impactful this will be," said Streng.

Genesis is the Logos Fund’s main investment partner, as well as the initial provider of bitcoin mining services. The company will not only provide the mining hardware, but also to provide the expertise and infrastructure the company has acquired.

logos fund“The first Bitcoin mining fund is the result of a long term development of sustainable mining, technical development of the mining infrastructure, long term contracts with suppliers and the building of a strong network within the Bitcoin industry.”
— – Logos Fund

Streng and his team often re-iterate three core goals, listen to customers, be a part of the community, and build trust. The team at Genesis Mining go to great lengths to remain transparent. Streng and his team often attend conferences, join podcasts and host webinars.

Early last year the team launched #ExploreBitcoin, with one goal in mind, “Increase Bitcoin awareness.” The campaign put adds on taxis, spinner signs, and billboards across the US.

“We need to stand together as a community, and every company and member of the community needs to do their part to ensure as many people in the world know the truth about Bitcoin.”
— – Genesis Mining

After watching the vice news documentary “Life Inside a Bitcoin Mine,” which went on to receive over 1,000,000 views, the team came up with a bitcoin mining first. Countless community members found the video, and were shocked to see what the inside of a Bitcoin mine looked like.

Last August, the team set up three cameras in the companies flagship mine, located in Iceland. “These just reflect a very tiny portion of the farms we have but we believe it’s a fun and exciting process and love the idea of being able to show the community what it’s really like unedited and in real time!,” Streng said at the time.

The company also sponsored the iPhone game, SaruTobi. “After becoming players ourselves, we found it nearly impossible not to become involved in one of the most exciting Bitcoin apps that has been released,” the team stated.

The apps revenue, which is generated from in-store purchases, sponsors and donations, is put into a shared Bitcoin wallet. The funds are then distributed to players in Bitcoin tips. Genesis provided 15,000 GH/s in mining power, which went directly into the Bitcoin pot.

“We believe developing fun and easy ways to introduce Bitcoin to new users is a powerful way to grow the ecosystem and we look forward to working with such an innovative team.”
— – Genesis Mining

To celebrate the two year anniversary of launching, Genesis Mining is happy to offer a 5% discount code to all customers, valid until April 12th, 11:59 PM GMT. To receive a 5% discount on Bitcoin, Ethereum and Scrypt cloud mining, simply enter discount code HappyBirthdayGM16 at checkout.


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