All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Currently serving over 180,000 customers, the world’s leading Bitcoin cloud mining provider Genesis Mining is celebrating its two year anniversary with generous 5% discount codes on all purchases until April 11.
Two years ago, Marco Streng, Marco Krohn and Jakov Dolic announced the launch of Genesis Mining. After being involved in Bitcoin for several years, they watched on the sideline as cloud mining companies came and went and realized that there was a huge opportunity in the market to offer a legitimate and trusted cloud mining service.
Genesis Mining has now become one of the fastest growing Bitcoin companies in the world and today, proudly serves over 180,000 active daily customers.
Speaking with Marco Streng, CEO and Co-Founder of Genesis Mining, he stated “When we first launched, we made it our goal to truly dedicate ourselves to our customers. While we come up with innovate ideas on our own, many of the new services and products we launch come straight from our customers. We’ve made it a habit to listen to what they want then build products and services to cater to them.”
And the customer growth continues, driven in recent months by the rapid increase of Ether price. Genesis Mining made headlines in February when they announced their Ether Cloud Mining offering when the price was below a dollar, shortly after the price began to quickly increase, reaching nearly $12 today. This price hike resulted in a flood of new and thrilled customers.
While operating for two years and 180,000 customers are significant milestones, Genesis Mining continues to raise the bar and aim for new heights. To celebrate the two year anniversary of launching, Genesis Mining is happy to offer a 5% discount code to all customers, valid until 04/11/16 11:59 PM. To receive a 5% discount on Bitcoin, Ethereum and Scrypt cloud mining, simply enter discount code HappyBirthdayGM16 at checkout. If you miss the special event promo code, you can still use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase a cloud mining contract.
In the earlier days of Bitcoin mining there were also concerns about too much hashing power getting centralized in the hands of a single entity or a mining pool and it seems that we are seeing similar thing happening with Ethereum at the moment. Almost half of the mining hashrate for Ethereum seems to be currently controlled by Dwarfpool, so it is advised that users switch to other pools to balance out things. New users that are just starting to get into Ethereum mining should also consider any of the other pools for mining ETH instead of Dwarfpool. Dwarfpool is also trying to encourage users to distribute hashrate more evenly with the pool fee increase from 1% to 2% to new users if the hashrate goes over 50% of the total network, though that apparently is not doing that great job. Below you can find an up to date list of Ethereum mining pools other than Dwarfpool where you can mine ETH and get a more even hashrate distribution.
With the latest price increase of Ethereum it seems that it has managed to reach a total market capitalization of over 1 billion USD making it the second crypto coin after Bitcoin currently into the Billions. Even though the current market capitalization of Ethereum (ETH) is being estimated at almost 1/6th of the Bitcoin market cap you should be well aware of the fact that the largest part of the available Ethereum coins have been pre-mined and distributed in pre-sale and among developers and other people with the actually mined coins by users still less than 10 percent of the total coin availability. So a direct comparison with Bitcoin where users have mined all of the available coins might not be the best thing to do, but then again coin market capitalization is just a standardized way of measuring and comparing coins. With all that said the success of Ethereum that is being marked by the significant interest among users and the demand for Ether coins is a fact. The question that remains is if Ethereum will be as successful as a platform for smart contracts powered by Ether coins or it will be more popular among users looking at the ETH coins just as an alternative form of tokens with high value.