Dollars, Bitcoin, Euros, cash. There are countless ways to refer to the entity that makes the world go ‘round, and there are even more ways to measure its worth. Whether you are exchanging it for a roof over your head or the dinner on your table, money in its many forms is the centrally defining theme that connects the world and defines the quality of our lives.   Even our health — the only thing that anyone even pretends is more important on a day-to-day basis than money — can be contingent on the amount of money we have.   So what do we actually know about money, being so important as it is ..read more

This article aims to outline the situation of the Monero “RandomX” position while giving a perspective from our mining operation, how this affects us (including you) as miners, plus a plan of action that will follow. On November 30th 2019, the Monero Blockchain will fork again, and effectively switch the network’s underlying mining algorithm from Cryptonight-R to RandomX. The main goal of their update is, among other changes, to decimate all ASIC mining activity on the network in the name of decentralization. Mining will then only be possible via CPUs and certain GPUs.   You can read about t ..read more

ASICs, or “Application Specific Integrated Circuit” are computers that are created to serve a specific use case and task. For Cryptocurrencies, ASIC devices are designed to participate in the process of mining Bitcoin (or other cryptocurrencies). Bitcoin, being the largest cryptocurrency by hashrate (Almost 100 ExaHashes) and having true decentralized consensus (through worldwide mining operations), is an example of a cryptocurrency that cannot be considered ASIC-resistant.   1. About ASIC-resistance   The great debate actually revolves around the idea of creating a protocol that can actual ..read more

– A note from Marco Streng, CEO of Genesis Group   I first heard about this new underground internet money called “Bitcoin” while I was in university in 2012. I read about it for just a few hours, but was hooked and couldn’t imagine turning back. Because of my mathematics background, I was fascinated by the algorithms that made Bitcoin possible. From there it’s not so difficult to be fascinated by the idea of money that’s not controlled by any government or central entity. Like many other early cryptocurrency adopters, I couldn’t stop talking about it. From every family dinner to every date I ..read more

What if you could use everyday computer hardware to make money while you slept? Wouldn’t you start right away?   I caught the cryptocurrency bug shortly after the launch of Bitcoin and became very passionate about mining after that. My interest grew to the point that it became a career, and these days I’m head of mining operations for Genesis Mining, one of the largest crypto mining companies in the world.   It’s not exactly mainstream behavior to set up and run your own crypto mining rig, but the tools I was using back in the day were completely common and accessible. The same is true today ..read more

Last week, Facebook announced its own cryptocurrency called Libra. In this article, we are going to take a deeper look at Libra and what it means for the cryptocurrency space, as well as its users.   One common misconception about Libra is that it will be controlled exclusively by Facebook. While the currency was indeed developed and released by the social media giant, Facebook itself actually won’t have any exceptional control over it in the later stages of the project. Libra is run by the “Libra Association”, a non-profit foundation in Switzerland which is made up of many different companie ..read more