Genesis CEO: Cloud mining can attract more miners and improve decentralization

Due to various reasons of the Bitcoin ecosystem, the revenue of miners has been steadily declining, and future miners will need to deploy smarter solutions to continue operations. Currently, the two main problems in the mining industry are related to energy expenditure and hardware investment. In response, Marco Streng, CEO of Genesis Mining, said that cloud-based mining operations will not only benefit miners, but also make the Bitcoin community more decentralized.