CCBeast Special


Cloud Mining Company Genesis Mining Became one of the 21 EOS Block Producers
Editorial Team

Genesis Mining is the largest cryptocurrency cloud mining company around the globe. Recently, the company became one of the 21 EOS Block Producers (BPs), according to Blockchain data, after applying for it last month through a post on its website.

According to the company’s application, Genesis Mining was established in late 2013. Now, it counts over 2 million users and over 50 team members. EOSGen, EOS Mining Venture, is reportedly part of a move that has set to assist in tackling inequality.

Genesis Mining’s post reads:

“We want to contribute to the increasing individual sovereignty of EOS and its users while decreasing the social inequality (globally and locally) by tapping the economic, technological, and social potential of EOS and its decentralized, borderless, and efficient nature.”

EOSGen reportedly contributes to the cryptocurrency’s network by “providing and running the nodes required for the ecosystem to exist and thrive.” Its goal, per Genesis Mining, is to “provide people with the means via the technological backbone, so they can participate in the EOS and Blockchain community.”

The company said that it will not disclose too much about its data centers. However, they revealed in detail the location and operations in its Enigma Datacenter which is located in Iceland, and its Thor Datacenter which is located in Sweden. It touted their security and connectivity, according to a report by cryptoglobe.com.

It is worth mentioning that by now Genesis Mining’s Block Producer roadmap and its stance on dividends have not been defined. Genesis Mining has a prominent position into the crypto space, as during the Consensus 2018 conference it launched a #BitcoinAwareness campaign targeting Billionaire investor and Bitcoin bear Warren Buffet.

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