Start Mining Monero Now!

The altcoin market is on the rise and people have been looking for new opportunities to mine different currencies as their prices increase! With the exceptional performance of Bitcoin and the growing potential of Ethereum mining, Genesis Mining has announced that they have launched mining for Monero!

What Is Monero?

Monero is an open-source cryptocurrency with a focus on user privacy and scalability. It was released in April 2014 and is currently gaining popularity because of the innovative way it handles transactions on the blockchain. It is among the most popular cryptocurrencies.

How Does It Work?

Transactions in Monero are processed through the use of cutting-edge cryptographic ring signatures, which are conceals the details of the transaction behind other simultaneous transactions. In practice, it is very hard to trace a transaction to a particular user because it maintains a high level of privacy.

Current Ecosystem

MyMonero offers a web-wallet which lets users store and send Monero without the need to use the console wallet application Just make sure you back up your seed phrase before sending money into the wallet. It offers essential features like Overview, Send, and Recieve and comes with a slick user interface.

There are several Monero GUI wallets in the works, with announcements of upcoming implementations of Monero in the Jaxx mobile wallet, as well as the Exodus multi-OS desktop wallet. There is also an ongoing discussion about an implementation into a hardware wallet.

Monero is being traded on the following exchanges: Poloniex, Bittrex, Shapeshift and most recently BitMex.

How Do I Sign Up?

Genesis Mining has been working around the clock to bring you the newest and best setup for an excellent mining experience. Check out their pricing here.

Ps. Don’t forget to use the discount code 4bY6sc when you sign up!

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