Introduced in 2009, Bitcoin has been around for eight years now. The revolutionary cryptocurrency has been slowly gaining adoption across the world. However, the cryptocurrency community remains a niche sector due to a variety of reasons. The prominent among them are the lack of awareness and understanding of how the digital currency works. The unenlightened lot has even been roped by a series of Ponzi schemes featuring shadowy Bitcoin investment plans.
The launch of Genesis Mining as a legitimate cloud mining firm was majorly about enlightening people with Bitcoin and its innumerable benefits. The company, which has already proven its sustainable and profitable investment model around the world, believes in the idea of smart investors, where anybody looking to explore the investment opportunities in the cryptocurrency sector, first acquire adequate knowledge about its financial and technological aspects, and thus ensure better outcomes.
Genesis Mining is active in the Bitcoin community and is frequently seen at events across the world including in Paris, New Zealand, Los Angeles, New York City, Hong Kong. And now, Â the company has entered India with an aim to tap on to the countryâs growing interests in the digital currency as the next investment haven.
Genesis Mining recently launched its very first Bitcoin and blockchain conferences in the South Asian country. Known as BlockSpeak, the recently concluded events did an excellent job of introducing Bitcoin, blockchain and Bitcoin mining to people across two major Indian cities.
The event held in Mumbai and Bangalore on March 8 and 10, 2017 respectively saw the attendance of Bitcoin entrepreneurs, techies and aspirants alike. This yearâs BlockSpeak Conference was the very first edition of what is going to be a regular affair. Kicked off in India, it is set to become a series of global events held in all major cities of the world and eventually trickling down to meet rest of the places.
The BlockSpeak Conference 2017 in Bangalore and Mumbai, co-organized by Blackarrow Conferences, was held at JW Marriott. Dr. Marco Krohn, the Chief Financial Officer and Co-founder of Genesis Mining took everyone in the conference room through the journey of Bitcoin, explaining what the cryptocurrency really is and how it works. He went on to explain the advantages of Bitcoin and few disadvantages as well â the increased miner fees and scalability issues. He struck a delicate balance between tech jargon and real-world examples to drive the point home.
Genesis Mining Co-Founder Marco Krohn speaking at BlockSpeak 2017, Mumbai
Next came the evolution of Bitcoin mining, starting with CPUs and graduating to GPUs, FPGA miners and finally ASICs. Krohn offered an in-depth explanation of the mining process, its necessity and benefits. Whatâs the best example of an industrial scale mining operation? Â Yes, Genesis Mining itself. Krohn made sure that he gave the specifics of cryptocurrency mining service offered by Genesis Mining, including Bitcoin, Ethereum, Dash, Litecoin and ZCash.
After Krohnâs intense, information-packed presentation, Sunil Aggarwal â the founder and CEO of MoneyFrames took the stage to explain the importance of Bitcoin and the advantages, applications of blockchain technology in todayâs world. He also touched upon governmental adoption patterns globally, highlighting the cases of Russia and Japan where his lighter-veined presentation appealed to the audience, ensuring that they take away something which they can ponder over while driving back home.
The Bangalore event saw representations from two of the âBig Fourâ Indian Bitcoin platforms â the founders of Coinsecure, Benson and Jincy Samuel along with Sathvik Vishwanath and Abhinand Kasetiâ the founders of Unocoin. Marco Krohn and Ashwin Richard â heading Genesis Miningâs Business Development activities in India fielded questions from inquisitive attendees during the networking session. Among the attendees were software developers, cybersecurity specialists, educators, consultants in tech and financial sector, and students.
BlockSpeak turned out to be a 2-hour crash course in cryptocurrency and mining, packed with loads of information and networking opportunities to those who are new to Bitcoin. The Genesis Mining initiative had a great start in the country, and the expectations are a bit high for the next edition. It is also a confidence booster for the company, encouraging it to organize a much bigger event next year.
-With inputs from Yashu Gola.
Image Source: Genesis Mining
PlexCoin Founder Gets Jail Time, Fine on Contempt Charge
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering.
On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic
'Bitcoin Jesus' is 'really, really concerned' about the future of the digital currency
An early bitcoin investor said Monday the digital currency can run higher, but the hype has far outpaced its usability. "I think in the short run it can run up a lot more," Roger Ver, CEO of
Bitcoin has aspects of a bubble, but it's OK to 'play' with it: Economist Robert Shiller
Bitcoin has "aspects of a bubble" but it's almost impossible to know whether it's gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride
Futures Launch Puts Record Bitcoin Highs Back in Play – Yahoo Finance
Digital currency bitcoin begins trading on major exchange for first time in Chicago WLS-TVBitcoin Futures Started So Hot That Trading Had to Be Halted Twice FortuneBusiness Insider Â âCNNMoney Â â
Understanding Futures: A Primer for Bitcoiners
Lanre Sarumi is the CEO of Level Trading Field, an interactive online platform for professionals in the finance industry.
"Study the past if you would define the future." – Confucius
Bitcoin Price Back Above $17k to Set New All-Time High
The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).
As of press time, the BPI had climbed as high as $17,382.64, beating the $17
People are taking out mortgages to buy bitcoin, says securities regulator
Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday. "We've seen mortgages being taken out to buy
Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch
Two exchange-traded fund (ETF) providers have filed with the U.S. Securities and Exchange Commission (SEC) to create Bitcoin ETF products that trade in cryptocurrency derivatives.
According to the