When we launched Genesis Mining more than six years ago, we wanted to build the largest and most trusted crypto mining company in the industry.
Today, we proudly serve more than 2,000,000 customers, employ hundreds of people and operate more than a dozen large-scale data centers across our three core divisions: hosted mining which makes up 20% of our business, farm management for institutional clients and ourselves. mining facilities, most of the business.
While these numbers validate, our team is driven by much more than just revenue numbers and customer growth. We are driven by our strong belief that the need for decentralization has never been greater than it is today and that blockchain has the power to solve many of the problems caused by centralization.
In recent years, we’ve seen organizations of all sizes announce initiatives that promote corporate social responsibility and make the world a better place. Seeing these initiatives inspired us to start exploring different possibilities that would allow us to give back.
Today we are proud to announce the new philanthropic arm of Genesis Mining: Hash Power For Science.
What is hash power to science?
The crypto mining process requires an enormous amount of computing power and energy. Hash Power For Science will explore ways to leverage our computing infrastructure and the excess energy our facilities generate to support scientific research and initiatives that we believe can positively impact the world.
There are many different possibilities here, but one of the most exciting use cases we’re investigating is the ability to use our computer network to give researchers with limited resources access to large-scale computing power.
Many talented scientists and research groups today are working on important discoveries, but find their progress slowed and limited by a lack of capital needed to pay for the large-scale computers they need.
This idea of ”voluntary computing” has been around for years and many organizations have made great strides by encouraging individuals to donate their own surplus computing power.
But to really make an impact it takes far more than a few thousand PCs and given the scale of our operations, we see it as a responsibility to do what we can to enable and support research aimed at improving the world. place.
If you are part of a research group or organization that researches and develops ideas that can change the world, but is limited by large-scale computer access, we would love to hear from you. Please contact us email@example.com and we can discuss whether there is any way to support your research.
The second possible use case we are investigating is a private-public partnership that has been in development for over a year. The aim of the project is to build a system that can recycle excess energy waste from crypto mining facilities into sustainable heat and energy to power greenhouses.
The first pilot project is already in the works and more details will be announced in the coming weeks.
How can we work together?
As an industry leader in institutional crypto mining, we consider it our moral and ethical responsibility to move the industry forward and proactively seek ways to support research and causes that we believe will make the world a better place.
While there are many clear use cases for how our computing power can be harnessed, we are open to hearing from all researchers, governments, and organizations that can take advantage of what we have and want to explore collaboration in ways that bring the world forward .
Please send information about your project and how you think we might be able to support you firstname.lastname@example.org.