Bitcoin Cloud Mining Provider Genesis Mining Reaches 100,000 Customers, Announces Black Friday Discount

26 Nov
2015

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Genesis Mining, the world’s leading bitcoin cloud mining provider, announced their most significant milestone yet today: the acquisition of their 100,000th customer.

Since launching in early 2014, Genesis Mining has separated themselves from the competition with their dedication to transparency, community activism, and constant innovation, which has allowed the company to scale faster and more effectively than many other companies in the industry.

In July of this year, the company announced Genesis Hive, a tool that provides enterprise-level cloud mining management to mining companies and providers.

In August of this year the company announced Life Inside a Bitcoin Mine, which gives users the ability to watch a live stream directly from one of the Bitcoin mines the company operates in Iceland.

In September of this year, the company announced the launch of X11 cloud mining, a service that allows customers to mine via an alternative algorithm.

And in October of this year the company announced their U.S.-based Bitcoin advocacy campaign aimed at raising awareness about Bitcoin for mainstream audiences. The campaign launched in San Francisco, Los Angeles, Miami, Boston, and Chicago and featured a variety of creative taxi ads, billboards, and street signs.

To celebrate this important milestone, lucky customer number 100,000 will receive $1,000 in free hashpower. Additionally, Genesis Mining will be giving all customers a discount of 11% for all orders purchased on Black Friday.

Marco Streng, CEO and Co-founder of Genesis Mining, stated, “We are truly thrilled and honored to reach this milestone. We focus a tremendous amount of our efforts on customer service and reaching this goal is directly related to our dedication to ensuring their satisfaction. 100,000 customers is amazing but we already have our sights on a much larger goal for 2016: 500,000 happy customers.”

Genesis Mining plans to continue their creative marketing efforts and dedication to product development over the upcoming year and will be announcing new products, services, and marketing campaigns very soon.

Are You Ready for the Bitcoin Black Friday

24 Nov
2015

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Black Friday is almost here and Bitcoin users should also prepare for some nice deals and discounts for various crypto currency related items and not only. The website Bitcoin Black Friday is dedicated to collecting various deals that should go live on November 27th 2015 (Black Friday), so you might want to check it out in a few days when things get hot. Meanwhile the website is still accepting merchants that want to offer a good deal to users for the Bitcoin Black Friday, so there is time for getting your deal listed if you want to have something special for Black Friday customers. The dedicated website expects that over 2000 merchants will take part in this year’s Bitcoin Black Friday.

– To visit the dedicated Bitcoin Black Friday website for more details…

Shift Card, a Bitcoin Powered VISA Debit Card for USA Users

21 Nov
2015

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The Bitcoin payment processor Coinbase has just introduced the Shift Card which is essentially a VISA Debit Card that currently allows Coinbase users in twenty-four states in the U.S. (for the moment) to spend Bitcoin online and offline at over 38 million merchants worldwide just like they would with a normal VISA card. With the Shift Card, you can now spend Bitcoin anywhere in the world that VISA is accepted with the amount of BTC coins deducted from your Coinbase account. It seems however that the Shift Card is a partnership with Coinbase and not their own product, so you need to link your account and authorize a payment of the $10 card issuance fee (will be paid in Bitcoins).

Currently the eligible states where users can apply for a Shift Card are: Alabama, Arizona, California, Delaware, District of Columbia, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington and West Virginia. With a beta test for California that is limited to the first 1000 applicants​. Other states can be added later on, so if you are interested in the product you might want to keep an eye on the list.

By default, the daily spending limit for the Shift Card is $1,000 USD. You can lower this limit to any amount below $1,000. The daily ATM withdrawal limit is $200 USD. There is no annual fee, no fee for domestic payments, however there is 3% for international ones, there is a $2.50 USD fee for domestic ATM withdraws and $3.50 USD for international ATM withdraws. So it seems that the target users for the Shift Card are USA customers that plan to spend Bitcoins for domestic payments and not withdraw BTC to USD on an ATM or use the cards abroad.

Since the Shift Card is limited to only certain states of the USA, if you live in a non supported state or in a different country there are other alternatives for debit cards that are backed by Bitcoin that you might want to check out. We have been using a VISA debit card powered by BTC linked to our Xapo account for a while already and are quite happy with the results. Another alternative is the service E-Coin that is essentially an online Bitcoin wallet along with a Bitcoin debit card linked to it and you can get either a virtual debit card or a physical one, though we have not yet tested the service we are soon going to. Another interesting alternative is the Gold-backed debit card from BitGold where you can purchase Gold with Bitcoin and still fund your card with BTC, even though your account balance will be in Gold.

– For more details about the Shift Card VISA debit card that is powered by Bitcoins…

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