The first month of a new cryptocurrency is always the most exciting; prices spike, blocks are mined, money is made. The cryptocurrency that made the headlines last month was Zcash – a coin that promised the anonymous transactions Bitcoin could not deliver.
In October, we did our first ever customer survey, and we were thrilled with the results. It took us a little while to go through all the responses (there were over 2500!), but we wanted to share the most interesting points with you.
Take a moment to imagine the perfect currency – what traits would it have? Fungibility, for sure; portability, perhaps? It would need to be durable, divisible, decentralized. Immune to forgery and counterfeit with a predictable supply. Governments would have no sovereignty over it, and most importantly, it would be adaptable. The perfect currency still doesn’t exist, of course – but Bitcoin is not far off.
Black Friday and Cyber Monday are right around the corner so we wanted to let you know that we will be doing a sale from 12:00AM UTC on Friday 25th November all the way through Cyber Monday 28th November (12:00AM UTC Tuesday). During the sale all Genesis Mining products will be 5% off!
We have been working hard to improve the efficiency of our Zcash mining algorithm, and we are happy to announce that we are upgrading your hashpower by 30% for the fourth time! After providing three previous upgrades (300%, 200%, 25%); altogether we have upgraded our efficiency for you by almost +1000% with the latest upgrade.