Prior to beginning with the review of Genesis Mining, I would like to underline the most important fact about the company – it’s a legitimate company offering genuine cloud-based cryptocurrency mining service. Established in the year 2013, this 5 year old company has multiple cryptocurrency mining farms around the world. However, not much information is available on the exact location of the farms. Though it’s believed that they are spread across Asia, Europe and America.
Genesis Mining is the biggest cloud mining company for mining popular altcoins like Ethereum, Bitcoin, Litecoin and several other cryptocurrencies. The company has managed to register with SEC to avail mining fund for Bitcoin. Now, this doesn’t translate into direct profit for customers like you and me. But an assurance that that Genesis Mining will offer its services honestly. The company offers lifetime mining contract, which implies that these contracts will never expire. You will keep mining, making profits and receiving payouts as long as you wish to do so.
How to start mining?
If you’re not interested in setting up your personal software and hardware infrastructure for mining cryptocurrencies then Genesis Mining is the safest way of purchasing hash power. The company specializes in building reliable and efficient mining rigs, which are ultimately offered on rent to clients. You’ll simply have to set up an account to start mining and fund your account with Paypal, Bitcoin, credit card, or even wire transfer. Once you’re done with this, you’ll have to choose a plan according to your needs and preferences.
Pricing at Genesis Mining
I started out with 100 GH/s Bitcoin mining contract for just $19 as I simply wanted to understand the concept of cloud mining and whether it’s really profitable or not. Now, I don’t believe that this plan will suit everyone’s appetite because there’re higher plans like the Platinum plan of 2,000 GH/s, which costs $340. People who are looking to invest higher can choose the $1600 Diamond plan that offers 10,000 GH/s. Now, you’ve to analyze your investment and risk talking ability vis-à-vis the ROI and then choose a plan accordingly.
Supported Coins to Mine
The choice of coins to mine depends on your plan as a higher plan lets you mine a wide range of coins. Mining of coins on Genesis Mining is profitable as it’s a cloud based mining platform. Its results are much quicker than what you can achieve by mining using your personal set up.
- Faster mining with absolutely no new hardware set up
- No pool fees for mining
- Limited crypto mining available with lower plans
Genesis Mining Affiliate
The company has enhanced its affiliate program and with that comes more power to the affiliate partners. As an affiliate, you’ll get an affiliate code that you can share on various social media platforms like Facebook, Twitter, LinkedIn, Instagram, etc. Every time someone uses your affiliate code for making a purchase, they’ll receive a 3% discount on their purchase and you shall get a 2.5% upgrade on your hashpower. The higher you rise on the hierarchy, the greater hashpower will you get and not only that; you’ll receive some special gifts as well. Join Their Amazing Affiliate Program Today!
Genesis Mining Affiliate Review
Being one of the oldest mining companies around (est. 2013) it’s no surprise they’re also one of the most trustworthy. Payouts seem to always be prompt and on time. Pricing is fair with an entry level of only $19.00 for 100 GH/s. Overall they’re one of the best mining companies around and they get a big stamp of approval from us.