Thank you for taking the time to read our Genesis Mining review. Please Be sure to go through all of it not only to learn if it's a trustworthy opportunity for you, also for a better understanding of the cryptocurrency world.
Money is always a big deal since it makes the world go round, taking the best decision is critical for having success in life.
We're about to see what this company is all about, so grab a cup of coffee or your favorite beverage and be the judge on this potential business opportunity. Let's get started!
Genesis Mining Review
It was founded in 2013. Nowadays, the company owns mining farms in Europe, America, and Asia. Yet, precise locations aren't public for obvious security reasons.
Genesis Mining is widely known for being a legitimate mining company, according to experts, it's entirely trustworthy.
Without any trace of doubt, Genesis Mining is the biggest and most popular mining company that works with Bitcoin, Ethereum, and other cryptocurrencies.
Genesis Mining has even registered with the Securities and Exchange Commissions (SEC) for a Bitcoin mining fund that's currently working since 2016.
A word of advice for everyone out there, the fact that Genesis Mining is legit doesn't really mean it's profitable. The only thing that's for sure about them is that their business is squeaky clean. You can check the site out and see all the historical data, to see how they have done.
Genesis Mining – The Works
The Genesis Mining website says that they're an alternative manner of getting the necessary power to mine bitcoins without dealing with all the know-how about it (and all the time that it consumes).
The niche that Genesis Mining goes to is creating the best mining services the market has for rental. Reliability and efficiency are their thing.
Genesis Mining – Joining in
For everyone out there interested in joining, you can sign up and start mining right know. After you're an affiliate, members have to invest through Bitcoin, Paypal, wire transfer or credit card, choosing the plan of Genesis Mining that's of your best interest.
People can start with the basic Genesis Mining mining plan that costs $19, this plan will teach everyone that's starting in mining how the business works.
There's a second Genesis Mining plan you can get, it's called Platinum mining contract, this one is $340 in investment.
There's a third Genesis Mining option for people that really want to get into mining, it's called Diamond mining contract and it costs $1600.
Genesis Mining – Compensation and Earnings
Genesis Mining gives the opportunity to mine different kinds of coins, this depends on the contract you signed for.
Here's how it works out. If you have an X11 contract you can mine: Namecoin, Dash, Startcoin, Dogecoin, Litecoin, Peercoin, and Bitcoin.
However, if you signed with a SHA-256 contract, then you can mine: Zetacoin, Litecoin, Bitcoin, Dash, and Darkcoin.
At this point, you're probably wondering if this is worth your money and time at all. The fact that people continue to invest in these businesses and that GM is still around nowadays means that there is some profit in it.
Keep in mind that in order to make all of this worth it, you have to check out the coin's price, hash rate and network difficulty on a daily basis.
SHA-256: If you invest in this kind of contract, you will see the return of your investment in about 670 days. The payments break out on 0.37mBTC per 1TH/s per day and a cost of 0.25 BTC per 1TH/s.
X11: If you invest in this kind of contract, you will see the return of your investment in about 500 days. The payments break out on 0.027mBTC per 1MH/s per day and a cost of 13.6mBTC per 1MH/s.
There's also a fine print in the contract that says these contracts deduct a maintenance fee, so there's an important side note to consider.
The Final word on Genesis Mining
There isn't any doubt on who Genesis Mining is and how widely known they've become in the business. They've made this cryptic-only-for-geeks business and turned it around to be user-friendly.
People that go into mining with them don't need to bother with the hardware setup or maintenance of the mining rigs. It's like hiring a mechanic to fix your car instead of doing it yourself, you still get the benefits of driving your car without worrying about breaking down.
There's also a big benefit about not getting your own mining rigs, your personal space will stay noise free and fresh. These things consume a lot of power, are noisy and generate heat like a sauna.
A really important plus is that you can manage which kinds of cryptocurrency you want to mine with your rented (bought) hashpower.
That sets up the alternative to mine different kinds of coins divided however you want or need.
Genesis Mining numbers speak for themselves, members go up to 30K affiliates, it's a strong and healthy business however you want to look at it.
There are people that say the company's not legal or legitimate in delivering the service they offer. Don't listen to them, as we said before, they've got nothing to hide and work in an honest way.
This company is a great choice for people that want to get into the mining business and don't want to know or worry about the entrails but still make a profit out of it. Best of all, they won't hassle themselves or neighbors with the inconvenience of mining rigs.
If you sign up by clicking here they'll make sure you have a great time at mining and have an amazing experience in the business.