Malta has set its sails to become the new crypto and blockchain hotspot in Europe. With the Malta Blockchain Summit it has made a large step into this direction. The number of attendees hits the 8,500 mark – 3,500 more than expected – and made the idea of the “Blockchain Island” pretty vibrant. Genesis Mining and its Partner DQR provided not only one of the keynote presentations, but also won the “Mining Initiative of the Year Award 2018”, respectively the “Best Careers Programm Award”.
When it comes to mining, there are endless options of turning electricity into your favorite cryptocurrency. You can run mining software essentially on anything these days, whether it’s a smartphone or a high end mining rig. But as always, there is a catch and it’s called efficiency. While you can theoretically mine Bitcoin on your smartphone, the phone needs much more energy per hash than a mining operation that has been optimized for efficient energy usage.
Just over 5 years ago, our co-founder and CEO Marco Streng setup his first mining rig in his college dorm room. A few months later, Genesis Mining was born and we haven’t looked back since. …Read more