See Also
ELI5 What is cryptocurrency mining?
Mining is the process by which cryptocurrency transactions get verified. The process got its name from the fact that once a block is verified, whoever solved it will earns some coins as a reward, a little like gold mining – there’s a reward for the work. Early Bitcoin Mining When Bitcoin was launched, the idea […]
ELI5: What was Honeyminer?
Honeyminer was an automatic multiple coin mining program that pays users to use their spare computing power. Honeyminer leveraged a variation of the concept of micro mining, where participants who do not wish to invest in a dedicated mining setup contribute tiny amounts of mining power against a proportional reward. In October 2021 the company […]
Understand the basics of smart contracts
What’s a smart contract? What makes it smart? How can I deploy my own contracts on the Ethereum blockchain? In this article we explore these questions and give you an overview about smart contracts and their revolutionary contribution to the world of cryptocurrencies. In the beginning there was Bitcoin. It’s a protocol that allows you […]
Who is Genesis Mining?
Genesis Mining is a cryptocurrency mining company founded in 2013. The company runs the Enigma mining farm in Iceland (since 2014) and the Thor mining farm in Sweden (since 2018). The business model is to sell hash rate by the TeraHash unit. Since March 2020, Genesis is no longer onboarding new customers. Only existing customers […]