Today We going to show Genesis mining Review. It is a cloud mining company that was around for some years now. Let us share our own experience with genesis mining cloud mining website, as well as some useful info. We’ve also gained a knowledge about Genesis mining from other sources.
Because investing in your own cryptocurrency mining equipment is unprofitable in relation to energy costs, therefore cloud mining seems to be a better method.
Is Genesis Mining Cloud Mining a Scam or Legit?
You’ve probably already met the name Genesis Cloud Mining and I guess you already know what Genesis Mining is.
But we would like to present a few important points in this Genesis Mining review.
The important thing is that mining on this platform has been operating on the internet for a very long time and there is nothing to indicate that things are going in the wrong direction.
With our genesis mining review you will learn step by step:
- How the GENESIS MINING company works?
- Which genesis mining contract is the best?
- In Which way to calculate a profit from genesis mining?
- Do genesis mining have affiliate (referral) program?
- When genesis mining payout profits?
- Can I trust genesis mining? (proofs of legitimate business)
- How to start cloud mining without investment?
However, before we start answering these extremely intriguing questions, we should first look at the history of Genesis Mining company.
Few Historical facts about Genesis Mining
Genesis Mining is one of the best cloud mining company that has many cryptocurrency mines in many places around the world, including Europe, America and Asia. All locations are a secret to ensure the safety of their clients as the founders of Genesis Mining say. Genesis Mining started operation in 2013 and has become one of the largest Bitcoin cloud mine in the world.
Genesis mining specializes in mining Bitcoin, Etherum, Litecoin, Zcash, Dash, Monero and is currently the largest and probably one of the few real infrastructure for mining in the cloud.
Almost all cloud mining companies are a scam or some multi level marketing pyramid in which people buy Bitcoin mining contracts without any coverage. Some of these dishonest companies do not even have the right equipment for minng in the cloud.
GENESIS MINING TEAM
Currently, the main genesis-mining team of bitcoin mining originates from various scientific disciplines, but all combine faith in a block chain system. They are characterized by faith in the future of digital currencies and we love to be part of this growing community.
The founders of a world-class crypto-currency company got to know each other on the same platform for buying and selling bitcoins. As the company extracting cryptocurrencies and customer bases developed, they created new mining farms and employed new people, especially programmers and engineers.
Which Genesis Mining contract is the best?
Genesis mining offers 6 different mining methods. Each of them has a different price and maintenance fees. It is difficult to determine which of the genesis ming algorithms is the most profitable. The amount of income depends on the price of the selected cryptocurrency at a given time. Of course, earnings are also dependent on how much money you invest.
At the beginning of our adventure with genesis we started with Scrypt which mine for ethereum. However, that choice was based on the maintenance fees, since the maintenance fees on Genesis Mining
PLANS & CONTRACTS EXAMPLE FOR ETHEREUM
Profitability of a investment in each of Genesis Mining’s Ethereum contracts:
The contracts have a lifetime of two year and the Company guarantees 100% uptime by substituting their own equipment.
There are no extra fees to pay on top of the original price. Below you can find example calculations for the ethereum contract purchased from Genesis Mining. This small scale mining contract is for 40MH/s at a cost of $1520.
This genesis-mining review is for anyone who is looking for opportunities to invest in cryptocurrencies. We hope that it will be helpful for you in making the right decision.
Calculate a profit from Genesis-Mining
Profit is calculated via the deduction of expenses from income.
The income consists of daily payouts which size depends on the hashrate. In order to calculate an estimated income using the hashrate you will need to include it in one of the calculators below (set all Power values to zero):
1. Bitcoin – for SHA-256
2. Litecoin – for Scrypt
3. Ethereum – for ETHASH (set all Power values to zero)
4. DASH – for X11 (set all Power values to zero)
5. Zcash – for EQUIHASH (set all Power values to zero)
The sum you end up with is your estimated profit.
Just remember to set the power cost to zero because Genesis does not charge a maintenance fee on their 2 year contracts. Just remember to set the power cost to zero because Genesis does not charge a maintenance fee on their 2 year contracts.
Now watch this video about cloud mining profitability to take a break in reading ours genesis mining review.
We hope that this is the best genesis mining review you’ve come across on the internet so far.
Genesis Mining referral program
In order to refer people to Genesis-Mining, you have to request a special promotional code through their support system.
So what do these referral codes do for the people you bring over to Genesis-Mining? Well, people referred by you will receive a 3% discount on their order total, which is not bad either, especially when you look at the DIamond plan.
For the referrer, like our website, we get the equivalent of 3% of your purchased hashing power added to our account. For example, if you purchase the Diamond plan through our code, we get 1,5 Mhash/s of free hashing power added to our account, and you get 3% off your order price.
If you are planning to purchase a Genesis-Mining contract, and you really should, use the code “rtjmkM” , without quotation marks, to receive your 3% discount,and support cryptoprofits24.com. We will try to write even more such reviews as Genesis Mining Review.
Promotional code : rtjmkM (3% discount)
Can I trust Genesis Mining?
Genesis Mining gives you a smart and easy way to invest your money. Their solution is suitable for those who are new to the world of crypto currencies, as well as for cryptocurrency experts with experience. Genesis Mining is the World’s first large scale cloud mining service offering an alternative to those who would like to engage in Bitcoin and altcoin mining without hardware.
They are a team of experts in the digital currency sector, and their core service is to provide the most efficient and reliable mining rigs for rent.
No matter which package you choose, you are renting the latest technology, which can gives profitability for as long as possible.
Also, the rigs you rent consume very cheap electricity and are cooled efficiently, thanks to the optimal locations of their farms. To top this, there is no waiting for delivery and no downtime, which means you are not wasting even a second of mining.
Before you choose the right cloud mining platform for yourself, read the comments of more experienced users:
I have used Genesis Mining for more than 1.5 months and so far the payouts are following my initial forecast. ROI on one year is 400%, could I bought Ethereum contract days ago! Happy with the results!
I like the professionalism of Genesis Mining. I’m eager to explore more new opportunities that they provide us with. I recently began mining with Genesis Mining. Within one day my bitcoin wallet displayed earnings from my mining configuration and more earnings showed up the next day. I’m quite happy that I researched to find the best bitcoin mining company there is. That company is Genesis Mining!
We hope that these comments will be as helpful to you as our Genesis Mining Review.
In bitcoinblog24 opionion, Genesis Mining is legit.
In conclusion the company exists since 2013 and is very transparent to their customers. The costs and referral revenues is very clearly. Payouts at Genesis Mining work correctly and are very fast.
Most of all cloud mining offers a unique mining option with a quite low contract cost as well as minimal risk, which is opposite of traditional mining models that include the purchase, maintenance and configuration of highly specialized equipment.
Start cloud mining without investment
If you do not have enough money to invest in the cloud mining service, you can get it in a very simple way. All you need to do is read our article about earning money from COINPOT FAUCETS and make some money to invest on GENESIS MINING.
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