Monthly Service Update: October 2018, Genesis Mining
Hey Miners! Here’s our general service status update for October 2018! Please take a look to see what happened last month, the current status of our service and the plans for the future!
Fresh Bitcoin Contract Pre-Orders
A fresh batch of Bitcoin contracts is now live and the mining embark is set to 28th of February 2018! You may have noticed that we’ve had to slightly increase the prices – this is due to the general extreme request and specifically hardware component manufacturers also enlargening their pricing significantly. At this point te time it’s utterly difficult to acquire yam-sized quantities of hardware spil the production of all components can’t keep up with the present request.
Despite this market environment wij are doing our very best to keep the pricing and time of deployment spil low spil possible and we’re going to keep all our users updated on the developments!
Bitcoin2X fork called off
Bitcoin2X is a proposal to further increase the blocksize of the Bitcoin protocol to 2MB (Presently residing at 1MB) and with it improving the speed and cost of transactions (Besides the already active Segregated Witness system). The hard fork wasgoed scheduled to occur at the block height of 494,784 around November 16th but has bot canceled.The suspension wasgoed announced ter an email written by Mike Belshe, CEO and co-founder of bitcoin wallet software provider BitGo.
Note: Back ter July we’ve ready a FAQ for the Bitcoin Metselspecie fork. We’re still assessing the possibility of adding Bcash (BCH) to the mining portfolio and will notify our users on the progress soon.
Customer Service Improvements
Back te September wij received a total of 130.000 fresh tickets, which wij could reduce almost entirely and at the same time wij made phat progress on the actual service workflows (hiring and training fresh customer service staff, improving the processing workflows, etc). However, wij still got a number of specific cases that haven’t bot solved yet and wij apologize for the wait times on thesis. Our IT team will assist you spil soon spil they can and every hash will be honored.
It is our top priority to assist you ter the best quality possible. The Cryptocurrency industry is growing rapid and each week there’s an influx of thousands of people experiencing and engaging with all thesis fresh technologies that are te development and specifically our mining ecosystem.
We’re all testing this fresh technology together and we’ll sleek out every bump along the road together! Please don’t hesitate to voeling our customer service if you practice any issues with our toneel and thank you again for your patience.
Ethereum “Byzantium” Fork Successful
Byzantium is a fresh mostly under-the-hood update, meaning that end users will notice close to nothing when using their Ether te their day to day transactions. The update delays the “Difficulty Bomb” coded te the Ethereum Blockchain by about 12 to Legal months, which when triggered, exponentially increments the mining difficulty. The adjustment of the difficulty comes with a positive side effect, which is the adjustment of the Block Time to under 15 seconds. This means the average number of blocks mined will dual. However, with Byzantium comes a reduction of the block prize, from Five to Three ETH. Albeit this represents a 40% decrease te revenue vanaf block for miners, their overall revenue will not be greatly affected since they will be able to mine twice spil rapid. At least until the difficulty raises again to it’s value before the hard fork.
Check out the utter blog postbode explaining the update more detailed.
BlockBali Bitcoin Conference & Meet-up
Once again, Blackarrow Conferences surpassed themselves ter organizing BlockBali 2018. This is the 7th conference ter which we’ve partnered with them, and the conferences keep getting fatter & better. Superb awareness building and networking opportunities, with a quality audience! We’ve truly liked talking to all the Cryptocurrency and Blockchain enthusiasts and want to again congratulate all our fortunate raffle winners!
Zcash: The Very first Year
It’s bot a little bit overheen a year since Zcash made its debut te the cryptocurrency toneel spil an interesting alternative to Bitcoin. Te an industry where dozens of virtual currencies are born every month, Zcash quickly differenced itself from the surplus with its innovative treatment to privacy. While Bitcoin prides itself on being an open pseudo anonymous virtual currency, Zcash provides transactional privacy and enhanced anonymity.
Check out the “One Year of Zcash” article here!
#EvolveWithUs Movie Series
Te case you haven’t seen, we’ve launched a fresh movie series called #EvolveWithUs! The series features Genesis Mining strategies to stay at the vuurlijn of mining technology, and the experts on our team that are making all this possible!
You can witness the very first two behind-the-scenes interviews of our mining build-out te May 2018 on our Enigma Landingpage.
Every person who mines with us helps make what wij do possible, and wij appreciate your patience with us spil wij work to improve our service while getting you your hard earned coins.
Stay tuned for the next service update for November at the beginning of December!