Review of Genesis Mining
There are a lot of mining organizations that are located in America, Asia, and Europe. A lot of them do not hide their exact location. However, there is one farm that does not reveal its location. The name of the farm is Genesis Mining. Probably, the farm does not tell its location to increase its safety level.
Nowadays, Genesis Mining is definitely one of the biggest organizations in the world. It is as well-known as Bitcoin and Ethereum organizations. The most important aspect of the organization is that is has nothing to do with the scam. Genesis Mining has joined the SEC for Bitcoin fund, therefore, it is transparent and offers exceptionally trustful services.
Whether the organization is profitable or now we cannot give an answer. However, we can say without doubts that the company is legal and provides a trustful service to customers all over the world. The company gives what it promises, which attracts a lot of people who are interested in mining and earning cryptocurrency.
If you decide to cooperate with the organization, probably, you will have to wait until contacts receive profits. During this time, you will still be able to mine and receive sums of money as long as their contacts will be valid forever. Their contracts do not have the date of expiry.
How does the organization work?
Briefly, Genesis Mining provides a very simple work to not confuse its customers. There are no complicated equipment and program processes that would push away people who simply want to mine and earn coins. So, it is pretty straightforward to buy hash in the company.
The very first thing that you need to do is to create an account. From that point, you will be able to mine using the most reliable and effective mining equipment. That hardware can be rent out to customers for a certain period of time. Also, you will be able to define the best mining plan. Your account at Genesis Mining will be funded through your PayPal account. It is available when using your credit or bank wire when making a registration.
The most important thing that you should pay attention to is prices for hashrate. Check the prices that are divided into three categories. The contact that will suit best beginners is the Gold contact. It is $19 and provides 100 GH/s. However, this contact is considered very slow. SO, if you want a better speed, buy a Platinum contract which cost $340 and offers 2000 GH/s. Finally, the most powerful and profitable contract is the Diamond contract. It will cost you $1600 and provide you 10,000 GH/s.
How to mine coins with the company?
Here you can mine coins depending on the contact that you have chosen. So please read what each contract offers you and choose the one that suits your requirements and preferences the most. If you want to search for the most popular coins such as bitcoins, litecoins, or dash, you should choose one of two contacts that are called X11 and SHA256. Choose any of these two and you will have an access to mining the most demanding coins.
What profit can I gain with Genesis Mining?
It is necessary to recover the cost. It is possible to spread different contacts X11 and SHA256. The price of the coin, network difficulty, and hashrate chance every single day, therefore, your possible profit will also change every single day. If you can make 0.37mBTC per 1TH/s payout with the sun 0,25 per every 1 TH/s, then you will be able to get about 670 if you use equipment SHA256. If you use another equipment X11, you will get around 500. DO not forget fees for services if your contact does not have the date of expiry.
What is the difference between Genesis Mining and other mining organizations?
First of all, the biggest difference between Genesis Mining and other mining providers is a clear, not complicated, and easy service for every client. Therefore, a lot of people consider the company is an ultimate one that they can rely on when investing their money. You do not have to be very clever and have certain skills about mining equipment. Usually, those mining providers require customers to work with equipment have less chance to be popular as long as some people simply do not know how to do such things and do not have time to learn how to do it. You will not have to worry about your equipment, whether it is cool enough and does not get hot, whether it is too noisy or not, etc.
Also, when using Genesis Mining, you will not have to pay a mining pool or choose one yourself. Once you purchase hashpower, you can easily choose what coins you want to mine and what to spear the coins for. At the moment, the company cooperates with about 300,000 people.
Again we are going to repeat that mining through the company is not a scam. This is a legal company that provides a reliable and profitable service and every single person can try it for a certain period of time to make sure that the organization meets the customer’s requirements and bring real profit.
If you want to contribute your money and experiment with mining, of course, Genesis Mining is one of the best companies to start from. You are guaranteed a legal partnership, real contracts, and timely payouts. Forget about equipment and other technical issues that are required for mining as well as installing hardware in your own house. The company will do it for you. All you need to do is to do certain simple things on the Internet.