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
CBOE Saw Its Highest-Ever Bitcoin Futures Volumes Yesterday
Two major markets for bitcoin futures contracts saw a major boost in volume on Wednesday.
Available market data shows that CBOE saw its highest-ever volume for bitcoin futures since it first debute
Former Paypal CEO says investors are drinking the bitcoin 'Kool-Aid'
Former head of online payments giant Paypal is bullish on the future of digital money but maintains that bitcoin is a scam. "Everyone is drinking the Kool-Aid," Bill Harris, former Paypal, CEO
OmiseGo Hits Two-Month High Amid Exchange Listings
OmiseGo's OMG token is reporting double-digit gains today, figures that throw shade on the rest of the top 25 cryptocurrencies by market valuation.
Having clocked a two-month high of $20.67 earlier
More Than $140 Million in Bitcoin Moved from Mt Gox Wallets
16,000 bitcoins (an amount worth about $141 million) tied to the now-defunct bitcoin exchange Mt Gox were moved on Thursday.
According to CryptoGround, which monitors Mt Gox's remaining wallets, th
Crypto Mining Made Up 10% of AMD's Revenue in Q1
Cryptocurrency mining demand accounted for as much as 10% of AMD's first-quarter revenue this year, according to the chip maker.
"The strength in Radeon products was driven by both gaming and block
Romania's Oldest Bitcoin Exchange Is Shutting Down Next Week
Romania's BTCxChange announced it was closing its platform earlier this week.
In a notice dated April 22, the nation's oldest cryptocurrency exchange told its customers to withdraw all of their rem
Ripple Says Sales of XRP Cryptocurrency Rose 83% In Q1
Ripple reported Wednesday that sales of its cryptocurrency XRP totaled $167.7 million in the first three months of 2018, an increase of 83% compared to the previous quarter and of 2,400% compared to t
There are now 17 million bitcoins in existence — only 4 million left to 'mine'
More than 80 percent of the bitcoins that will ever exist have now been created. The 17 millionth bitcoin was "mined" Thursday, according to data from Blockchain.info, more than a year since the