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The State of Crypto Mining 2020 [Research]
Crypto mining is the method by which Bitcoin or other cryptocurrency transactions are verified and added to the blockchain. This can be done by anyone with mining hardware — from independent...
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Everything You Need to Know About a 51% Attack
The beauty of Bitcoin is the stability and security of its blockchain, or its public ledger of transactions. Considered virtually unhackable, the Bitcoin blockchain is bolstered by a series of checks...
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Bitcoin Mining and China: Everything You Need to Know
China can’t seem to make up its mind on Bitcoin. In 2013, the People’s Bank of China prohibited financial institutions from using Bitcoin and other cryptocurrencies for transactions, yet Bitcoin...
View ArticleTop 10 Books to Learn About Bitcoin and Cryptocurrency
We’re excited about the future of digital currency here at Genesis Mining, and we want you to be too. If you’re gone through our recommended TED Talks, watched our favorite documentaries, and started...
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Perceptions and Understanding of Money 2020 — A note from Marco Streng
Last year we set out to understand how well American’s understood money with our Perceptions of Money and Banking 2019 Report. Did they know what the US dollar was backed by? Did they understand...
View ArticleStudy: The Majority of Americans Don’t Understand How Fractional Banking Works
What if I told you that the money you deposited into your bank account was carried right out the back door and placed into the coffers of somebody or some institution that you had never met, heard of,...
View ArticleStudy: 60% of Americans Don’t Want to Give Up Their Paper Money
The recent health scare surrounding Covid-19 seems to have accelerated the move towards a cashless society, with cashless payment spiking in concert with viral cases. Yet, our findings in the study...
View ArticleStudy: Most Americans Don’t Realize Federal Banks Are Not Solely Owned by the...
Most Americans may have the general sense that federal entities have some impact on their money, as they surely notice when taxes are withheld from their paycheck. Findings from our recent report, the...
View ArticleStudy: 50% of American’s Don’t Understand What the Federal Reserve Does
It’s tough to blame the average citizen for not knowing exactly what the Federal Reserve does (it can get complicated), but it certainly doesn’t hurt to have some idea. The Federal Reserve...
View ArticleStudy: 28% of Americans Believe the US Dollar is Still Backed By Gold
In an age of widespread misinformation, it appears that there is plenty of confusion about what gives the U.S. dollar value. According to our recent study, the Perceptions and Understanding of Money —...
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