CLOUD MINING WILL PROFIT FROM BITCOIN PRICE RISE, SAYS GENESIS CEO

Marco Streng, the CEO of cloud mining operator Genesis Mining, has reaffirmed his company’s long-term commitment to the industry in an interview with CryptoCoinsNews.
Striking a positive note on the future of an industry which has been in turmoil over recent months, Streng claims that his company is currently in a ‘favourable position’. They could keep operating even if the price of btc were to fall as low as $100 USD. Even with a price lower than that, there would still be a demand for hashpower, as Streng notes:
‘Bitcoin is not the only cryptocurrency and our proprietary system and technology gives our users the unique opportunity to also diversify the hashpower over other altcoins.’

This post was published at Crypto Coins News on January 30, 2015.