Genesis Mining Operating since 2013, this service allows everyday individuals to mine Bitcoin effortlessly without buying expensive gear or managing energy-draining and noisy mining rigs.
A Deep Dive into Genesis Mining's History
Starting towards the end of 2013, Genesis Mining was founded by enthusiasts who traded Bitcoin on the same platform. As its popularity surged, the company expanded with more mining facilities and expert technicians, all guided by a belief in the potential of cryptocurrencies and a diverse set of scientific expertise. It made history as the world's pioneer in offering multi-algorithm cloud mining on a large scale, establishing vast experience in the sector.
How Does Genesis Mining Work?
Join the Genesis Mining platform by setting up your account and tapping into its mining resources. Choose the digital currency to mine and receive awards at regular intervals, deposited to your provided wallet. Should your mined balance reach a fixed minimum amount, you'll receive payouts—this threshold is in place to save you from paying high network fees for minimal transactions. Catering to both blockchain novices and scale miners, Genesis Mining offers numerous package options.
Exploring the Cryptocurrencies You Can Mine with Genesis Mining
Though Genesis Mining initially focused on Bitcoin, today it supports a wide array of virtual currencies. With the flexibility to modify mining power at any time from their site, the coin options adjust according to your contract. New coins are regularly added to the list. By default, your hash power targets BTC, independent of the algorithms, unless you decide to allocate differently. You even have the option to spread your hashing capability across multiple digital currencies.
Tailored plans for Bitcoin, Dash, Ethereum, Litecoin, Monero, and Zcash encompass three tiers, based on your investment capacity and achievement goals, alongside custom plans per hash rate. While prior contracts averaged two years, fresh Bitcoin plans extend to five uninterrupted years.
Bitcoin Sha256 Cloud Mining Service
In a recent development, Genesis Mining revived its Bitcoin Sha256 Cloud Mining, having established new data centers enhanced for productivity, resolving previous service and IT request delays. They are concluding outstanding user payments and making good progress, ensuring virtually all miners have received their rewards.
Reintroducing Bitcoin Sha256 cloud mining is groundbreaking news, arguably the most appealing offer yet from Genesis Mining, made feasible through efforts to boost efficiency and slash maintenance costs.
A core factor for allowing Bitcoin Sha256 cloud mining is the GM Radiant technology, optimizing performance via refined electrical infrastructure and DC designs, enhancing energy and cooling efficiency. The optimized airflow further boosts cooling capability, leading to better chip performance. Enhanced Genesis Hive functionalities alongside automated routines increase overall efficiency, contributing to the surprisingly low maintenance fees in their updated mining plans.
Bitcoin Sha256 Cloud Mining Specs
The new Bitcoin mining hash power boasts impressive specifications, supporting five years or 60 months of continuous mining. Remarkably, maintenance fees have been halved to just 0.14 USD per TH daily. With no presale, mining begins instantly upon contract acquisition. You now control lower minimum transaction thresholds, and the newest offering supports native Bitcoin Cash mining. Moreover, generational contracts won't be terminated due to maintenance fees.
The reintroduced Sha256 Bitcoin mining offer has a limited availability. It launched on June 14, now accessible to most territories except the United States. However, Genesis Mining collaborates with compliance teams to extend services stateside. The offering comprises three five-year contracts, ensuring continuous mining—meaning activity persists despite daily output falling below maintenance costs—enabling crypto gains when market conditions improve. The Radiant Gold plan costs $285 for 1,000 GH/s, the Radiant Platinum plan is $1,400 for 5,000 GH/s, and the Radiant Diamond plan is $6,875 for 25,000 GH/s.
Conclusion
Genesis Mining stands as a prominent name in cloud mining, backed by an extensive history, offering a variety of options. Through several operational enhancements, it's able to provide Bitcoin Sha256 Cloud Mining at remarkably low maintenance fees, increasing profit potential. Cloud mining suits those eager to delve into crypto mining without the technical know-how or the necessary space for equipment due to environmental concerns like heat.
4Comments
I purchased some contracts back in 2017, and I can't emphasize enough—avoid them. Their customer service is atrocious and payment cuts have been rampant. My payments have drastically decreased since joining, starting out 100 times better than they are now. Purchasing coins directly from an exchange stands as a far more profitable option. My strong advice is to refrain from acquiring contracts through Genesis Mining!
“Lifetime” contracts have expired …
With a long-standing presence in Genesis Mining, I've sustained several cryptocurrency contracts. Bitcoin, in particular, emerges as my prime investment. All contracts yield profits and ensure consistent revenue daily. Presently, I'm truly satisfied with Genesis Mining's performance. Crucially, my investment feels secure given the company's legitimacy, encouraging me to reinvest shortly.
Avoid contracting with Genesis mining. It's a blatant scam. The supposedly lifelong contracts terminated early, without a new contract in sight. Instead, they push for re-purchase, allowing them a double dip into your funds. Heed my warning: purchasing contracts will lead to immense financial losses.