Genesis Cloudmining Mining service is a new and
exciting Sha256, X11 and Etherium cloudmining provider which
has been operating for a bit two years. The company behind this
service is registered in Bermuda. Genesis Mining has attended some
cryptocurrencies and bitcoins related conferences either as speakers
or sponsors and are also actively developing their service. Genesis
also offers
Etherium Cloudmining Service.
Etherium Cloudmining Service.
This cloud mining is one of the first in the
Bitcoin market. Genesis is a reliable partner and has a client base
of over 100,000 people. The company also actively cooperates with the
biggest supplier of equipment for cryptocurrency mining, Zeus. Users
need not worry about the stability of its farms.
Genesis Cloudmining Sha256 Based Coins
Genesis Mining offers users the ability to mine
Bitcoin and Sha256 based crypto currencies in their sha256 mining
plan. There is a payment option in Bitcoins and the service
automatically mines the most profitable coins for users and exchanges
them for BTC. Users receive earnings on a daily basis sent directly
to their wallets, and this is an advantage over some other services
which do not have daily payments.
Genesis Cloudmining X11 and Etherium (1 Year Contract)
Genesis mining also offers X11 and etherium
cloud mining contracts for 1 year each with a much faster return of
investment! Therefor is the sha256 contract not limited and will
generate earnings as long as the service is profitable!
Another great thing is the absence of hidden
fees to pay such as hardware maintenance which may be taken as a
percentage of user’s and electricity bills (Except Sha256
contracts). All users pay a fixed price for the hashrate and the
payment currently accepted are USD, Euro, as well as Bitcoinrent or
Litecoin.
Presently, Genesis mining offers two types of
packages, Lifetime contracts, and Annual contracts. The first
provides a minimum purchase of is 0.05 TH/s, which costs 22.49
dollars. Essentially, a user is buying a piece of equipment in a
remote data center and paying a daily fee of small value for
maintenance.
The annual contracts transaction is for only
one year and is quite attractive as an investment. In this type,
users pick a piece of equipment and rent but do not pay service fees
of any kind. Users make a profit at a faster rate.
Users can pay via Bank Wire, Credit Card,
Bitcoin, Litecoin, Dash, and Dogecoin
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Genesis Mining Advantages
• No hidden fees like a percentage for
maintenance.
• Daily payments
• Stable payments
• Quick support service
• Credible farm for mining
Genesis Mining Disadvantages
• Its service has the most costly fees in the
industry.
• No exchange for the sale of the hashrates.
Genesis Mining Conclusion
This Genesis mining review has shown how
profitable genesis cloudmining can be whether the annual of lifetime
contract is purchased. Acquiring the lifetime contract, gives a
reliable annual income of about 60%, although this percentage much
depends on the cost of the cryptocurrency and the different
complexity of the mining so it may vary up or down. The same
situation occurs with the annual contracts and the amount of profit
is dependent on the rate of the Bitcoin. The cost of the Bitcoin is
steadily increasing and the earnings on the contacts regularly
increase as well.
The genesis cloudmining is great for users as
it does not have hidden charges for maintenance. However, it can be
quite costly to join.