How a simple college kid from Germany had his life turned upside down by the ‘rush for gold’ of the 21st century.
Marco is the 27-year-old CEO of the largest bitcoin mining company in the world, Genesis Mining. Trained as a mathematician, he dropped out of university to pursue his business idea. Today, Genesis Mining boasts 300,000 daily customers, and prides itself of having created one of the most sustainable and profitable business models in the Bitcoin Cloud mining world.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community.
How He Built A Bitcoin Empire
Founded in 2013 by 27-year-old Marco Streng, Genesis Mining stands as the largest bitcoin cloud mining company in the world. Boasting more than 300,000 daily customers, the startup has grown to become a global power that employs over 100 full-time staffers from all parts of the world.
Prior to developing the idea for Genesis Mining, Streng was on pace to become a mathematician, dropping out of college amidst his training to pursue his business idea full-time. Streng would eventually team up with two unlikely entrepreneurs and began incubating a concept that would eventually reshape how today’s digital generation makes purchases and accumulates wealth.
Boot-strapping from the start, as the growth of the company began to accelerate, venture capitalists began expressing interest in funding the startup, but the founding team decided against taking outside investment. Instead, the team turned to using profits to fuel growth, which is a very uncommon tactic for hyper-growth startups.
MARCO STRENG – CO-FOUNDER AND CEO, GENESIS GROUP
Coming from mathematics, Marco Streng became involved with Bitcoin by studying emerging and self-organising networks. He has taken part in the community since its earliest days and has invested in several Bitcoin related startups so far. He is also co-founder and CEO of Genesis Mining, the leading cloudmining service, which enables users to mine Bitcoin, Litecoin and other crypto-currencies in the cloud.