Spondoolies-Tech is entering the cloud mining market by joining forces with Genesis Mining. The news is big as Guy Corem of Spondoolies has been very vocal about many cloud mining companies being a scam. Guy also does not believe in self-mining as he feels it is immoral to compete with your customers for the Bitcoin rewards. Marco Streng of Genesis Mining is also very positive about the new partnership. As one of the remaining cloud mining services, Genesis Mining has been sticking it out during the recent BTC value drop. They have even gone so far as to allow their customers to exchange their scrypt mining for SHA-256/Bitcoin mining power to help. Genesis Mining will be providing the interface and back-end to Spondoolies-Tech mining power. Bitcoinist was able to speak with Spondoolies-Tech CEO Guy Corem and get a statement from Genesis Mining CEO Marco Streng about the recent news of the partnership.