Genesis Mining has recently entered in the EOS mining business. This well-known cryptocurrency mining company has started to mine EOS, which is a crypto that has been becoming increasingly popular lately. Read our review.
What Is Genesis Mining EOSGen?
Genesis Mining is an industry leader in the field of crypto mining hosting services that offers solutions related to mining since 2013. This company has a long history and is able to offer something that can attract both the small and big investors from this area by letting them purchase how many hashpower they want to reap the rewards of the mining.
The company currently has more than 2 million users all over the world and more than 50 members on its team. As it wants to always move forward, the company has recently released EOSGen, a new EOS mining product.
EOSGen is a EOS block producer powered by Genesis Mining. It was recently mentioned by Ashe Oro on twitter as a EOS block producer to look out for. The company states that the platform was created to contribute to the individual sovereignty of the EOS network while creating an efficient way of mining.
Genesis Mining believes that, by using EOSGen, it is providing nodes that are required for the survival of the EOS network and striving to make its services available for anyone who can be interested in them. This way, people will be able to participate and help the EOS blockchain to become something more.
How Does Genesis Mining EOSGen Work?
Basically, Genesis Mining has dedicated a portion of its huge business to mine EOS by using platforms that are all over the world. The EOSGen headquarters are located in two places: Hong Kong and Iceland. The company also has data centers on Iceland and Sweden.
The company states that it cannot reveal much about some of its other mining farms. That happens because there is sensitive information that could not be disclosed about the location and critical intellectual property surrounding some of its places.
The two data centers are the Enigma Data Center, in Iceland, and Thor Data Center, in Sweden. Enigma is one of the largest crypto mining farms in the whole world. It was initially created to mine Ethereum but it has been upgraded several times and is currently mined Zcash, Dash and EOS. Enigma is located in the capital of Iceland and it uses geothermal energy to run its operation.
The Thor Data Center was created as an answer to the growth in the need for mining power. It uses the cool weather of Sweden and renewable hydro power to have competitive prices. The company states that it is currently looking to make this one of the biggest mining operations in the world.
The facilities of the company use high capacity UPS supplies and diesel generators for backup. They have fully redundant indirect adiabatic air cooling systems and have systems to control the temperature.
Genesis Mining believes that its operation has full security against any type of hacking or theft and has measures to protect its data. Also, it has connectivity between Europe and the US and plenty of scaling options for long-term contracts.
The devices used for mining are Dell PowerEdge R740 with Intel X710 I350 Quad Port 10GB Network Card, Dual Intel Xeon Platinum 8180M 2.50GHz 28-Core, 1.5TB DDR4 RAM and 2 x 1100W Power Supply.
The Genesis Mining EOSGen Team
The main people involved in this operation are Marco Streng, CEO and co-founder of Genesis Mining and Marco Krohn, CFO and co-founder. Other important members include Philip Salter (head of operations), Shah Hafizi (COO) and Björn Arzt (chief legal officer).
The Genesis Mining EOSGen Conclusion
EOS mining is surely a good option at the moment and you know that you can trust a giant of the mining industry like Genesis Mining, so the EOSGen can be considered to be a good option for you. You have to calculate to know how profitable this will be, but our opinion is that the company is offering a decent deal for this type of mining.