Cryptocurrencies (Bitcoin/Altcoins) are continuing to gain widespread adoption; the Indian market has begun to blossom, and Genesis Mining has been there to sow the first seeds with the launch of BlockSpeak. Our goal was to create a conference where we could create awareness regarding cryptocurrencies, mining, and Blockchain technology in untapped markets and also provide the community a platform for networking and discussing investment opportunities.
It’s said by some that if Bitcoin is digital gold, then Litecoin is digital silver – a relatively less valuable cryptocurrency that’s easier to obtain, and easier to make transactions with. Created by an ex-Google engineer, Litecoin was made to supersede Bitcoin; it featured a higher market cap, a faster block generation time, a different hashing algorithm, and a modified GUI. The result was something that gave digital currency a much needed foothold in the door of the financial revolution.
Wow. What a year it’s been! 2016 was full of exciting news in the world of cryptocurrency: we’ve seen continued innovation amidst the blockchain; we’ve seen a steady growth of Bitcoin and increasing global acceptance of the currency; and of course, we’ve seen a growth of Genesis Mining in both our bitcoin farm hardware and customer base.
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.