64 min listen
Marco Streng: Genesis Mining – Taking Bitcoin Mining to the Cloud
FromEpicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Marco Streng: Genesis Mining – Taking Bitcoin Mining to the Cloud
FromEpicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
ratings:
Length:
73 minutes
Released:
May 5, 2020
Format:
Podcast episode
Description
Genesis Mining is a leading hash power provider offering cloud cryptocurrency mining as a service. They offer mining for Bitcoin, Zcash, Dash, Ethereum, Litecoin, and Monero and serve over 2 million users in 100+ countries. The company was formed in 2013 and saw tremendous growth in its seven years in operation. In the mining business, process optimization, controlling costs, and vertical integration are key. Crypto prices, difficulty adjustments, hardware availability – all can have an impact on profits. Co-founder & CEO Marco Streng shares how he built his company from the ground up, and is now expanding beyond crypto to address other profitable markets in cloud computing.Topics covered in this episode:Marco's background and how he started Genesis MiningThe biggest challenges they faced in the early daysThe company's cost structures and vertical integrationWhy they got into cloud computing and the applications of GPUsThe major shifts in the mining industry since they were foundedThe ecological footprint of miningWhy people would buy cloud mining and its profitability opportunitiesThe risk of mining centralizationBitcoin halving and the impacts of this on the mining industryMarco's views on Proof of StakeEpisode links: Genesis Mining websiteBitcoin Halving - What to Expect as a MinerGenesis GroupGenesis CloudGenesis Mining TwitterMarco Streng TwitterThis episode is hosted by Sebastien Couture & Brian Fabian Crain. Show notes and listening options: epicenter.tv/338
Released:
May 5, 2020
Format:
Podcast episode
Titles in the series (100)
Jorge Timon & Mark Friedenbach: Bitcoin 2014, Freicoin, Freimarkets & Sidechains: We recorded episode 20 in Amsterdam the morning after the Bitcoin 2014 conference organized by the Bitcoin Foundation. Our two guests for the post-conference sit-down were Jorge Timon and Mark Friedenbach. Jorge is the founder of Freicoin, which is, from an economic perspective, one of the most innovative altcoins. They are also the creators of Freimarkets, which aims to bring Bitcoin 2.0 capabilities into the Bitcoin feature set itself. Finally, they are part of the newly formed Blockstream company, which will develop the Sidechains proposal. by Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies