Others Monitors Review (Coinworldstory)
Genesis Mining Was Founded In 2013 An Is One Of The Oldest Bitcoin Companies Around. It’s Definitely One Of The Most Well Known Companies When It Comes To Cloud Mining. Company Got To Know Each Other By Using The Same Platform For Buying And Selling Bitcoins. As Genesis Mining Cryptocurrency Mining Company And Its User Base Grew, New Mining Farms Were Built Up And Several Additional People Hired, Specifically Programmers And Engineers.
The Current Members Of Our Bitcoin Mining Team Come From Different Scientific Disciplines, But Company Common Faith In Cryptocurrencies Has Brought Us Together. Genesis-Mining.Com Are All Strong Believers In The Future Of Digital Currencies And Genesis Mining Love Being Part Of This Growing Community!
Genesis Mining Has A Strong Quantitative Background. Both Of The Founders Have Professional Education In A Mathematical Field. Marco Streng Current CEO Of Genesis Mining Is An Early Bitcoin Investor, Has Been Studied As A Mathematician. The Other Founder Of The Company Is Dr Marco Krohn Is A Mathematical Physicist And A Quant. He Is The CFO Of Genesis Mining. Both Of The Founders And The Rest Of The Staff Is A Frequent Presenter At Various Bitcoin Conferences And They Even Sponsor Blockchain Events.
One Of The Things That Have Contributed To The Success Of The Site Is Knowledge And Experience. The Company Always Has A Plethora Of Programmers And Engineers With Which It Can Boast With. Many Hardware Developers Also Come To Them For Partnership And That Has Always Helped It To Remain In Business Even When Times Are Hard.
Genesis Mining Offers Three Types Of Algorithm For Mining Cryptocurrencies: SHA256, X11 And Ethereum Protocols. Due To Their Special Feature – The Advance Autotrader – Even If A Coin Is Mined With X11 Or Ethereum Algorithm, The Payout Can Still Be Performed In Bitcoin. Due To The Autotrader, Always The Most Profitable Algorithm Is Used To Mine The Coins And Then Automatically Exchanged To Bitcoin.
The Cloud Mining Company Offers A 100% Uptime Guarantee That Means Even If A Miner Crashes, The Relevant Mining Pool Compensates The Client Fully For The Hashpower Loss, So No Mining Time Is Lost.
Genesis-Mining.Com 3% Discount Promo Code: MageHJ
How Does Genesis Cloud Mining Work?
The Idea Of Cloud Mining Is Very Simple. Instead Of Spending Thousands Of Dollars On Bitcoin Mining Hardware, You Can Pay Someone To Lease Their Hardware And Keep The Profits To Yourself. The Company That Rents Out The Miners Takes Care Of The Maintenance And All Of The Hassle Of Setting Them Up.
However, You Are Required To Pay A Fee For Their Service But We’ll Get To That In A Minute. To Begin With, I Wanted To Determine What’s The Difference In The ROI (Return Over Investment) Between Cloud Mining And “Normal” Bitcoin Mining.
How To Join Genesis Cloud Mining
Register With Genesis Mining
In Your Web Browser, Visit Https://Www.Genesis-Mining.Com. Click Sign Up At The Top-Right. Enter Your Email Address And Password, Then Click Sign Up At The Bottom. You’ll See A Notification Saying Your Account Has Been Created.
Click Start Mining Now. Scroll Down To Find An ETH Mining Contract. Currently These Last For Two Years, So This Should Say ‘2 Years Ether Mining’. Use The Slider Underneath This To Determine The Amount Of Hash Power You Want To Buy (E.G. 1 MH/S). The Price For Buying This Amount Of Hash Power Is Displayed To The Right.
Choose Payment Method
Genesis Accepts A Number Of Payment Methods For Ethereum Mining. If You Have A USD Credit Card, You Can Use This, Although There’s A Fee For Processing Amounts Under $100 (Around £75, AU$130). The Easiest Method Is To Use Bitcoin To Purchase The Hash Power You Need.
Once You’ve Selected BTC As Your Payment Method Click Continue. Take A Look At The Order Specification To Double-Check Everything Is In Order. Next, Click View Agreement, Then Agree On Terms To Accept The Mining Conditions. Finally Click Confirm Order.
The Mining Rigs Run 24 Hours A Day, So The Mining Day Is Starting From 0:00 UTC And Ending At 23:59:59 UTC. 8 Hours After The Mining Day The Payout Report Is Published On Genesis Mining Platform After Their Calculation And Checks. The Payouts Are Received Daily Automatically, The First Payout Is Sent Within 48 Hours After The Contract Started. Credit Card Payouts Are Withheld For A Month For Security Measures To Protect The Company From Credit Card Charge Backs, But After That The Contracts Are Paid Out Daily As Well, In The Meantime Clients Can Follow Accumulated Earnings On The Platform.
Genesis Mining Location
Typically, Genesis Mining Will Mine For You With Their State Of The Art Mining Setup. For Maximum Efficiency The Servers Are Located In Iceland For Economical Electricity Charges And Also For Colder Weather. Their Service Can Be Used By Experts As Well As Newbies. Once Registered, You Don’t Need To Worry About Anything. Regularly, All You Do Is Pay Their Subscription Fee And Enjoy Their Service. They Accept Payments Through Credit Cards And Other Popular Cryptocurrencies. There Are No Additional Or Hidden Charges And They Transfer Your Mined Coins Daily Into Your Account.
Mining Starting Date And Prices
The Mining Start For This New Pre-Sale Will Be On February The 28th 2018.
Prices Have Been Increasing Due To Different Reasons. First, There Is An Increasing Demand In The Services That Genesis Mining Offers. Second, Hardware Component Manufacturers Have Been Increasing Their Prices Significantly Because Of Higher Demand. Third, As The Demand Can’t Be Covered By Manufacturers, Prices Tend To Increase Because Of The Lack Of Equipment.
The Company Is Doing The Best In Order To Deliver The Best Possible Prices. In Addition To It, Is Working To Keep The Time Of Deployment As Low As Possible. Contracts Stay Open-Ended With A Maintenance Fee Of $0.00028 Per GH Per Day.
Genesis Mining Offers Different Cryptocurrency Mining. Bitcoin, Dash, Litecoin, Monero And Zcash.
Bitcoin Mining Prices
Gold – Starter 1,000 GH/S It Costs $179. It Has A 4.89/5 Rating Based On 14485 Reviews.
Platinum – Best Buy 5,000 GH/S It Costs $845. It Has A 4.85/5 Rating Based On 82 Reviews.
Diamond – Max Profit 25,000 GH/S It Costs $3975. It Has A 4.89/5 Rating Based On 27 Reviews.
There Is Also A Custom Plan Where The User Selects The Desired Amount Of TH/S. For Example, 5 TH/S Cost $845.
The Contract Time Is Variable And Determined By Three Factors: The Mining Difficulty, The Bitcoin Vs USD Exchange Rates And The Maintenance Fee. While The Mining Difficulty And The Bitcoin Price Can’t Be Controlled, Mining Technology Is Always Kept In The Best Possible Level Running At Maximum Capability For The Users.
Dash Mining Prices
Gemini – Starter 5 MH/S It Costs $30. It Has 4.85/5 Rating Based On 639 Reviews.
Ferox – Best Buy 100 MH/S It Costs $500. It Has 4.86/5 Rating Based On 1318 Reviews.
Gravitation – Max Profit 500 MH/S It Costs $2250. It Has 4.84/5 Rating Based On 166 Reviews.
There Is Also A Custom Plan Where The User Selects The Desired Amount Of MH/S.
The Contract Time Lasts 24 Months And There Is No Maintenance Fee Applied For The Whole Contract Time.
Ethereum Mining Prices
Small – Starter 1 MH/S It Costs $29.99. It Has 4.82/5 Rating Based On 2324 Reviews.
Medium – Best Buy 30 MH/S It Costs $869. It Has 4.83/5 Rating Based On 6381 Reviews.
Large – Max Profit 100 MH/S It Costs $2799. It Has 4.86/5 Rating Based On 1255 Reviews.
There Is Also A Custom Plan Where The User Selects The Desired Amount Of MH/S.
There Are No Maintenance Fees Applied For The Whole Contract Time. The Ethereum Mining Plan Will Run For A Maximum Of 24 Months. Ethereum Should Switch To Proof-Of-Stake Before The End Of The Term. Genesis Mining Will Mine The Most Profitable Coin With That Hardware For The Users.
Litecoin Mining Prices
Gold – Starter 2 MH/S It Costs $28. It Has 4.78/5 Rating Based On 73 Reviews.
Platinum – Best Buy 50 MH/S It Costs $650. It Has 4.84/5 Rating Based On 64 Reviews.
Diamond – Max Profit 200 MH/S It Costs $2400. It Has 4.87/5 Rating Based On 15 Reviews.
There Is Also A Custom Plan Where The User Selects The Desired Amount Of MH/S.
The Contract Time Is 24 Months And There Is No Maintenance Fee Applied For The Whole Contract Time.
Monero Mining Price
Blaine – Starter 60 H/S It Costs $49.99. It Has 4.82/5 Rating Based On 877 Reviews.
Dynamo – Best Buy 1000 H/S It Costs $819. It Has 4.82/5 Rating Based On 1329 Reviews.
Houdini – Max Profit 3000 H/S It Costs $2399. It Has 4.86/5 Rating Based On 149 Reviews.
There Is Also A Custom Plan Where The User Selects The Desired Amount Of H/S. For Example, 500 H/S Cost $416.50.
The Contract Time Is 24 Months And There Is No Maintenance Fee Applied For The Whole Contract Time.
Zcash Mining Price
Starter – Starter 25 H/S It Costs $47.99. It Has 4.85/5 Rating Based On 283 Reviews.
Advanced – Best Buy 250 H/S It Costs $459. It Has 4.83/5 Rating Based On 499 Reviews.
Professional – Max Profit 2500 H/S It Costs $4399. It Has 4.87/5 Rating Based On 119 Reviews.
There Is Also A Custom Plan Where The User Selects The Desired Amount Of H/S. For Example, 250 H/S Cost $459.
The Contract Time Is 24 Months And There Is No Maintenance Fee Applied For The Whole Contract Time.
Genesis Mining Payouts
To Output Each Type Of Cryptocurrency, Do Not Forget To Specify The Corresponding Purse In The Menu “My Account – Settings – Purses”.
The Withdrawal Of Funds Is Made Directly To The Specified Wallet Automatically. This Is A Big Plus, As There Is No Need To Waste Time On Putting Coins On Payment And Waiting For Confirmation Of Withdrawal.
Payments Of Earned Coins Are Generated Every Day But Are Credited To The Client’s Wallet After The Minimum Amount For Payment Is Accumulated. For Example, For Bitcoin It Is 0.005 BTC. Thanks To This You Will Avoid Unnecessary Expenditure On Paying Commissions For Withdrawing Small Sums To Purses.
Fees And Pricing Schedule
Genesis Mining Promises Users To Rent The Latest Technology For The Cheapest Possible Price.
The Fee Model Consist Of Three Level Plans The Clients Can Choose From. The Starter Plan Is Available From 30 USD For 200GH/S Hashpower. The Medium Package Is Charged At 350 USD For 2500 GH/S And The Premium Plan Costs 1950 USD For 15000GH/S Mining Power.
The X11 Algorithm Based Contracts Are Charged As Per Below:
- 30 USD For 5MH/S
- 500 USD For 100MH/S
- 2250USD For 500MH/S
The Litecoin Cloud Mining Package Costs As Per Below
- 28 USD For 2MH/S
- 650 USD For 50MH/S
- 2400 USD For 200MH/S
Genesis Mining Also Offers Custom Plans Where The Price Is Pro Rata Decreasing Depending On The Mining Capacity Site. Clients Can Rent Up To 200TH/S Hashpower For Bitcoin Mining (For 26 000 USD) And 5000MH/S Hashpower For Litecoin Mining (For 60 000 USD).
The Bitcoin Cloud Mining Contracts Are All Signed For A Lifetime Access, But Have A Maintenance Fee. The Litecoin, Zcash And Ethereum Contracts Are For Fixed Term, For 2 Years But No Maintenance Fee Is Charged. They Only Charge Maintenance Fee On SHA256 Contracts Based On GH/S To Cover The Maintenance Cost Of The Mining Rigs. The Maintenance Fee Of 0.00079 USD Per GH/S Is Deducted From The Daily Mining Output. X11 And Ethereum Contracts Does Not Have That Fee.
The Cloud Mining Services Can Be Paid With VISA Or Mastercard But They Charges A Fee For Orders Below 100 USD. They Accept USD And EUR Bank Wire Transfers And Naturally Cryptocurrencies, Such As Bitcoin, Litecoin, Dogecoin And Dash.
Why Should You Choose Genesis Mining?
Ease Of Use
The First And Most Obvious Benefit Of Genesis Mining Is The Ease Of Use. As Already Mentioned, There Is Nothing Else You Need To Do To Obtain Cryptocurrencies, Except To Make And Fund Your Account And Choose A Mining Plan. This Is Like A Dream Come True, Since You Will Enjoy The Benefits Of Cryptocurrencies, Without Actually Wrestling With Hardware Assembly And Maintenance At Your Home.
Moreover, Making An Account Is Simple And Fast. Also, The Interface Is Well Des
