Making Digital Money in Iceland With Your Bare Hands
Iceland has the perfect factors for a Bitcoin mine: cold climate, fast internet, and cheap energy. With the digital currency business slowly gaining momentum, Bitcoin miners, the people who create new bitcoins, seek new mining infrastructure. If you need a refresher on what the virtual currency is and how it works, check out What is Bitcoin, and How Does it Work? The process of mining can be incredibly lucrative as anyone can be rewarded with the digital currency if they contribute to helping process transactions on the network. This surreal industry has companies dedicated to mining.
One of these companies is Genesis Mining, one of the leading so-called “cloud” mining companies, which allows customers to mine without using their own specialized hardware for the work. Genesis Mining has a Bitcoin Mining facility built for the primary effort of mining bitcoins. As with most cryptocurrencies, they work with hardware designed especially for optimum mining performances, which Genesis Mining shows in the following video.
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Uncover my top 3 recommended places from each continent on the map.
CentralAmerica
1. Guatemala
An express adventure for those with limited time off. Prepare yourself incredible experiences. You will hike a volcano, visit mayan temples and witness a ceremony and take in beautiful colonial Antigua.Next
CentralAmerica
2. Belize
A quick trip not too far away for those seeking a relaxing mini break. You will have plenty of free time to relax but also some awesome activities to experience the rainforest and the caribbean sea. Next
CentralAmerica
3. Mexico
An exciting mini trip exploring the lesser known colonial towns of central Mexico. This is hte perfect trip for someone with limited time off and still wants to turn on explorer mode and do something different. SouthAmerica
1. Ecuador
A remarkable 8 days adventure through the Andes and the Amazon rainforest. The best choice for adventure seekers wishing to visit the 2 most iconic areas of South America, in only 1 week and no flights.Next
SouthAmerica
2. Peru
An alternative itinerary to classic Peru, from Cusco to Arequipa. This itinerary is great combination of highlights Cusco and Machu Picchu with the lesser known Arequipa and Colca Canyon. Europe
1. Italy
The ultimate Italian experience from the vibrant streets of Naples to the breathtaking sceneries of the Amalfi Coast followed by Matera and down to Puglia with its golden beaches, intense flavours and fascinating destinations.Next
Europe
2. Scotland
Embark on this great adventure starting from London all the way to Scotland with a true Scottish experience made of breathtaking sceneries, whisky tasting and ..lots of fun! Ideal for train lovers and explorers. Next
Europe
3. Portugal
A wonderful train journey around Portugal, from the romantic city of Porto to the Douro Valley, to the beautiful Aveiro all the way to Lisbon and Sintra. The perfect trip to train, culinary and culture lovers. Asia
1. South Korea
Discover incredible temples, mountains and modern cities on this 10 day adventure. This trip is perfect for those seeking immersion in the cuisine, culture and natural wonders of South Korea.Next
Asia
2. Thailand
From Bankgok to Angkor Wat to Ho Chi Minh City and everything in between - adventure through the heart of South-East Asia. Taste the delights, see history brought to life and unwind on a Mekong River cruise. Next
Asia
3. Sri Lanka
A fantastic adventure that showcases Sri Lanka's fantastic landscapes, wildlife and flavours. With 3 epic rail journeys, 3 UNESCO heritage sites and time to relax, this trip has loads to offer at a great price Africa
1. Morocco
An epic journey across Morocco: from Casablanca to Marrakech, through the blue city of Chefchaouen to the wonders of the desert and deep to the High Atlas Mountains - this trip has it all! Ideal for true explorers!Next
Africa
2. Egypt
From Cairo to Aswan, this trip brings the land of the pharaohs to life. You'll visit the Pyramids, Valley of the Kings and Luxor Temple and cruise down the Nile in style. This is the perfect way to explore Egypt. Next
Most of the company’s operations are based in Iceland. With the cool climate of Iceland cutting the costs of cooling the hardware that generates tremendous heat and the cheap energy costs due to the geothermal activity of the island, Genesis Mining has chosen the perfect location in which to make a profit. They also fit in very well with all of the other cutting edge technology companies based in Iceland.
Genesis Mining has the world’s largest Ethereum Mining farm, the Enigma Ethereum Mine. Ethereum has its own virtual currency named Ether, a new development in Bitcoin Mining that is better able at handling complex financial interactions. Check out this article for more information about Understanding Ethereum, Bitcoin’s Virtual Cousin. The Enigma Ethereum Mine was built to support the Ethereum Project, which is described on the company’s website as: “A decentralized platform that runs smart contracts. Cryptocurrency applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.”
Currently, the largest Bitcoin Mining operation in the world is Bitmain, a Beijing-based company with mines located in Inner Mongolia, accounting for 56% of global Bitcoin Mining wealth. The second largest, DiscusFish, is also operating in China with a total of 17% of global mining wealth. The third largest, Bitfury, is at 16%, and has private mines in Finland, Georgia, and also in Iceland. However, Genesis Mining remains the largest Bitcoin Mining company in Iceland.
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Hanna
HOW LONG HAVE YOU BEEN A GUIDE?
2 years.
WHAT DO YOU LOVE ABOUT YOUR JOB?
It's the personal contact, the personal experiences. I love meeting people from all over the world... I really like getting to know everyone and feeling like I'm traveling with a group of friends.
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I have so many places on my list, but I would really lobe to go to Africa. I consider myself an “adventure girl” and Africa feels like the ULTIMATE adventure!
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Culture Trip launched in 2011 with a simple yet passionate mission: to inspire people to go beyond their boundaries and experience what makes a place, its people and its culture special and meaningful — and this is still in our DNA today. We are proud that, for more than a decade, millions like you have trusted our award-winning recommendations by people who deeply understand what makes certain places and communities so special.
Increasingly we believe the world needs more meaningful, real-life connections between curious travellers keen to explore the world in a more responsible way. That is why we have intensively curated a collection of premium small-group trips as an invitation to meet and connect with new, like-minded people for once-in-a-lifetime experiences in three categories: Culture Trips, Rail Trips and Private Trips. Our Trips are suitable for both solo travelers, couples and friends who want to explore the world together.
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