Founded in 2013, Hong Kong-based Genesis Mining has become a world leader in providing hosted hashpower for cryptocurrency mining.Clients can choose to mine bitcoin, or distribute hashpower on various altcoins such as Litecoin, Dogecoin, and Darkcoin.The company operates several mining farms in Europe, America and Asia.Last week, Genesis Mining CEO and co-founder Marco Streng announced the launch of the world's first bitcoin mining fund, dedicated to investing into a range of Bitcoin-related businesses.The Logos Fund is a private, pooled investment fund with a minimum investment of $25,000.Streng founded the issuing company, Logos Capital Fund, with Bjoern Arzt as executive manager.Logos Capital is a Delaware limited Partnership formed on February 16.Arzt filed an exemption from having to register with the Securities and Exchange Commission (SEC), Form D, on February 25.Exemption allows the company to raise an unlimited amount of money as well as advertise their offerings, but restricts them to accredited investors.

The Fund is responsible for taking reasonable steps to verify accredited investor status, by reviewing documentation, such as W-2s, tax returns, bank and brokerage statements, credit reports and the like, according to the SEC.- Securities and Exchange Commission Brave New Coin caught up with Streng, who shared more insight into his new venture: "Bitcoin opens up an entire world of opportunities.We are just now starting to realize how impactful this will be."Genesis Mining will be the Logos Fund's main investment partner, as well as the initial provider of bitcoin mining services.The company will not only provide the mining hardware, but also to provide the expertise and infrastructure the company has acquired.The fund's main interest is to invest in Bitcoin Mining, although it can also invest in Bitcoin directly by buying them, with Arzt at the management helm.While he is the only person named, according to the Logos Fund's website, professionals with experience in both cryptocurrencies, asset management, and complex financial product structuring will be managing the fund.

Arzt is a lawyer and Global Head of Structured Capital Markets Legal UniCredit Bank AG who has helped develop cryptocurrency mining activities at Genesis Mining.“He has long term experience in the finance world and in particular in the banking industry,” Streng described.Returns are reliant on bitcoin mining profitability as well as bitcoin prices.Bitcoin mining profitability depends on many factors, including power consumption and cost of the equipment, how fast bitcoin’s mining difficulty changes, and how long it will take for mining hardware to become unprofitable due to competition.litecoin futureGenesis Mining believes that their relationship with hardware manufacturers, large scale purchases, and farms with “cheap electricity supply and little or no need for cooling,” give them profitable advantages.bitcoin-qt usage

However, the company recommends all their clients to “do their own research and do their own profitability calculation,” prior to signing a contract with them.“It would not ‘look right’ if we provide data on the mining profitability and selling contracts at the same time,” the website states.Concurring with his mining company's stance, Streng stated that “returns in mining as well as the returns in Bitcoin in general are very difficult to define due to the highly volatile nature of Bitcoin.” - Marco Streng, Genesis Mining Algorithmic trading refers to trading systems using complex mathematical formulas and high-speed computer programs to determine trading strategies.bitcoin 500 internal server errorIt’s estimated that 50 percent of stock trading volume in the U.S.bitcoin kullan?lan siteler

is driven by algorithmic trading.The SEC is currently working toward strengthening oversight of algorithmic trading.Last month, Financial Industry Regulatory Authority (FINRA), formerly known as National Association of Securities Dealers, Inc.(NASD), filed a proposed rule change regarding algorithmic trading strategies.Whether the design and development of the algorithm is in-house or by a third party, FINRA proposes that the member employing the algorithm be responsible for the algorithm’s activities.india pharmacy bitcoin- Financial Industry Regulatory Authority While recognizing the risks and being a proponent of regulating algorithmic trading, the Commodity Futures Trading Commission (CFTC) asserted that a recent study of the equities market concluded that algorithmic trading “narrows spreads, reduces adverse selection, and reduces trade-related price discovery,” as well as improving liquidity.bitcoin crane

Perhaps the closest competitor of the new fund is the Bitcoin Investment Trust (BIT), a private, open-ended trust that is solely invested in and deriving value from the price of bitcoin.Launched in 2013, BIT is sponsored by Barry Silbert's Grayscale Investments LLC, a wholly-owned subsidiary and an affiliate of SecondMarket Holdings, Inc.The BIT shares (OTCQX:GBTC) are the first to be publicly quoted on OTCQX, under the Alternative Reporting Standards.Similar to Logos Capital Fund, the BIT also filed Form D claiming the same exemption with the SEC, making the fund available to accredited investors only.receive sms bitcoinThe investment minimum for BIT shares is also $25,000.litecoin que esThe company first filed Form D with the SEC in October 2013, after having raised $2,542,818 from four investors.bitcoin jackpot review