Hey Miners! Here’s our general service status update for September 2017! Please take a look to see what happened last month, the current status of our service and the plans for the future! …Read more
Hey miners! We’re glad to announce that we’ve returned to our daily payout schedule! Thank you for your patience in the last weeks — We strive to be the best hashpower provider in the world and as any business in this new industry we’re hit with unexpected challenges and downtimes.
We wanted to take a moment to inform you about an issue that’s recently come to our attention. Several customers have been asking us about companies they’ve run into that claim to have a business partnership with Genesis Mining.
We are sorry for the delayed payouts that you experienced in the last two weeks. The reason is that we were required to rebuild our server infrastructure after a security breach that happened two weeks ago. The mining operation itself is not (and never was) affected by this. That said, we are conducting another bulk payment today (7th of August), covering all three previous mining days (4th, 5th & 6th of August). They should pop up in your wallet shortly.
On August 1st, 2017 there is a proposal to fork the current Bitcoin protocol into a new protocol known as Bitcoin Cash. This means that after August 1st, 2017 there is a chance that there’s going to be two versions of the Bitcoin blockchain and two separate digital currencies. A hard fork successfully occurred just one year before for the Ethereum blockchain, which happened due to the DAO being hacked. A hard fork splits the current blockchain in to two blockchains, which was necessary rid Ethereum of vulnerability.