At the Hasher’s United conference te Tussenvoegsel Vegas, Genesis Mining unveiled their Project X toneel spil the next evolution te their cloud mining service. Marco Streng, the CEO of Genesis Mining, talent an excellent rundown of Project X spil well spil a teaser movie. Genesis had a booth at the Inwards Bitcoins conference spil well spil Hasher’s United and created fairly a presence at the shows.

One of the hallmarks of Genesis Mining is that they have always bot fairly semi-transparent with their gegevens centers, demonstrating pictures, movies and at times live movie feeds of the centers. At the Hasher’s United conference Boy Corem, the CEO of Spondoolies-Tech talent them a glowing recommendation ter person. He told mij Genesis Mining is a legitimate Cloud Mining service and had done business with them spil well. He talent mij one of the strongest thumbs up for any cloud mining service to date. Fellow did not mince words either. Ter the area of cloud mining where many scams abound it wasgoed nice to hear have Stud Corem give his approval of Genesis Mining. Marco wasgoed able to sit down with CCN for an vraaggesprek.

Genesis Mining Inwards Bitcoins Booth, Marco and Mia

Marco:I wasgoed doing research on graph theory ter mathematics and stumbled across an article about bitcoin and the principle of the blockchain. The most interesting feature for mij wasgoed the translucent nature of the system and that led mij to doing graphical models of the blockchain. I dreamed to find graphical structures of the cashflows and correlate them to price movements. With my playmate Marco Krohn, wij developed the trading toneel and a bot that at one point wasgoed the thickest on MtGox. From there, wij grew into mining Scrypt coins and Genesis Mining verhoging wasgoed born.

What can you tell CCN now about Project X?

Marco: Genesis Mining is the next gen verhoging te mining and trading. It will permit users to mine and have an automated system choose the best coins to mine for maximum profitability. This way our customers can benefit the most. Customers will also be able to have their payouts ter a large selection of coins on top of being able to mine even emerging coins spil they become available. Wij have had many coin developers come to us asking us to help secure their blockchains, and Project X will permit us to do that and have customers do so spil well.

One of the fattest features of Project X is the algorithm switch functionality. You will be able to switch inbetween algorithms and furthermore even distribute your hashpower overheen the three major algos Sha 256, Scrypt and X11. This means for example you can mine 40% Sha-256, 30% Scrypt and 30% X11 on one day and on another day, just distribute it te a different way like 100% Scrypt, if you think for example one specific scrypt coin is presently outperforming the market and very attractive to mine. It linksom into the wagen miner to detect the most profitable coins and chooses the most profitable algorithms switching your miners to them. Customers will also be able to switch algorithms to on the fly permitting more plasticity. Wij will be opening preorders for this soon and will make sure to prize our existing customers for believing ter us by being able to do thesis things very first. Allot of opportunities for all users. Everyone can benefit.

Here is a verbinding to their teaser movie of Project X featuring footage from one of their mining centers.

How long has Project X bot planned?

Marco: Project X has bot te development for about three months. Wij have bot working hard on making it the best verhoging out there when wij launch.

With on the fly algorithm, switching how have you provisioned for this ter case everyone wants to switch at the same time?

Marco: Wij have Europe’s largest Scrypt farm and are always building more to use our strength ter both Scrypt ASICs and GPU mining to the fullest. Wij also have our Bitcoin SHA-256 mining spil well that is very large and growing. Wij will make sure to overheen provision, so there is no interruption and slick algorithm switching for our clients. Wij will not oversell.

Genesis Mining Gegevens Center, Marco Streng CEO

What challenges have you had ter building the gegevens’s centers?

Marco: Wij have several gegevens centers. The most significant thing is cheap electric current and ease of cooling. Iceland had the best pricing, and it is effortless to keep cool just open the doorheen. LOL Wij had some excellent connections to get te up there spil well. Wij also have very good connections with Scrypt manufacturers spil well spil GPU vendors. For a long period, wij bought every card a reseller could get, and I am not talking about a petite reseller either.

The best for ASICs is to go right to the manufactures then you can get the best optimization with their miners and work close with them. This way wij are keeping our gegevens centers growing with no interruptions spil well spil having them work the best with our software and podium. So our gegevens center building has gone well but many hours are going to and meeting with different companies. It has paid off well, and our customers benefit from those relationships and our hard work. Wij have so much development time te the software it will indeed vertoning. Wij want to welcome everyone novice and skilled to our toneelpodium.

Any points about Genesis Mining and Project X you want to discuss?

Marco Streng of Genesis Mining and Scott Fargo of CCN at the Hasher’s United Conference

Marco: I want to thank all the faithful customers from the early days. Wij will be expanding opportunities with the fresh features. All sorts of fresh types of coins that can be paid out. You will be able check which users can strike the automaat trader when using their own abilities ter choosing coins and mining them. Wij want to bring the best tech and chance to proceed to grow. Project X is the next step te the process. The capability to mine emerging coins and get te on the fresh ones sleekly and rapid. There is more to come. Thank You.

Genesis Mining has bot setting the drankbuffet high and is looking to go even higher. Marco and his team have bot working hard on both the mining gegevens centers all overheen the world and the software behind them. Project X seems to have some of the best mining features yet, such spil the capability to switch algorithms and coins, and the automaat coin choosing feature that will permit for even quicker and more precise switching of coins for the max profit. Thesis features are something that is going to be welcome ter cloud mining spil many users want to be able to mine, or get paid out te, specific coins. Genesis Mining is working hard to bridge that gap inbetween huis mining and large cloud mining. CCN will keep you up to date with what is happening with Genesis Mining and also how Project X works when launched.

Are you looking forward to Project X? Share your comments on CCN.

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