Marco Streng discovered Bitcoin while studying to become a mathematician in 2011. His bitcoin mining career began when he installed and began operating a mining rig out of his dorm room in Munich, but he quickly set his sights on much bigger plans.
Realizing the significance of blockchain and its role in powering a decentralized world, Marco and his partners launched Genesis Mining, one of the first industrial-scale crypto mining firms in the industry.
Four years later, and without ever raising outside capital, the company bootstrapped their way to becoming the world’s largest cloud mining provider, with over 2 million active customers, 800+ employees, and operations in Iceland, Sweden, USA, and Asia.
Marco Streng is a well-known advocate for industry education, is a highly sought-after keynote speaker, and is regularly featured across business, tech and industry media.
Where did the idea for Genesis Mining come from?
Back in 2011, I was studying to be a mathematician. I ended up buying some Bitcoin after reading an article and not too long from there, built a crypto miner which I installed in my dorm room.
This loud machine buzzed throughout the night which my girlfriend wasn’t very happy about but eventually this led to the realization that blockchain was a big deal, here to stay, and an opportunity of a lifetime. I left school shortly after and launched Genesis Mining.
Genesis Mining provides customers with the ability to mine cryptocurrency via the cloud without the financial risks associated with maintaining their own cryptocurrency mining operations.
What does your typical day look like and how do you make it productive?
I spend over 80% of my time traveling on planes and staying in hotels but apart from those criteria – every day is different. I could be touring a farm in Iceland with Anderson Cooper one day then the next day, I am in Munich meeting with our product teams to discuss an upcoming launch. I follow David Allen’s Getting…