CoinTelegraph spoke with Genesis Mining head Marco Streng on the current state of the mining industry, the Life Inside a Bitcoin Mine project that aims to make cloud mining transparent, and how he sees the Bitcoin industry moving forward.
Bitcoin mining has become one of the world’s most difficult and competitive industries over the last 18 months. From the market price corrections after the Mt. Gox bubble burst, to specious national regulatory laws and banking lobbyist backlash, to the battle to have the latest and greatest ASIC mining rig technology and beyond, countless miners have fallen by the wayside. Not Genesis Mining, one of the world’s largest Bitcoin companies.
Not only have they survived, but they have thrived under the intense market pressures. They have even expanded their operations, creating Genesis Hive, to assist those who are looking to enter the Bitcoin mining industry do so under their umbrella of protection and leadership. Also, operations have been brought to new, more favorable regions like Iceland, while bringing you behind the scenes with a live streaming service to show you how the operation works in real time.
CoinTelegraph: How is the regulatory climate in Iceland for mining and running