 Placement 1st Rating  Location Hong Kong Working since 2013 Website genesis-mining.com |
Pro and Contra Transparent company Mining farms are spread across various locations for security reasons Daily payouts Simple user interface, suitable for beginners Electricity from geothermal power plants Maintenance fee in dollars – currency risk The contracts are valid for 2 years only, expect Bitcoin contracts |
Supported Coins Bitcoin, Litecoin, Ether, Dash, Monero, Zcash, Dogecoin, BitcoinDark, Starcoin, Namecoin, Unobtanium, Zetacoin, Peercoin, CureCoin Discount Code: 2NnovD |
About Genesis Mining
The cloud mining activity has been started at the end of 2013. The founders have been trading bitcoins on the same platform, this is how they got together. Nowadays the company has been incorporated in Hong Kong.
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.
The company lists some of their mining facility on their site. Interactive videos guide the visitors across the mining farms in Iceland. The data centers processing the algorithms on specially designed hardwares to reach the most efficient mining capacity at various other locations in Europe, America and Asia. The exact locations are not disclosed due to security reasons, they are choosing the places based on electricity costs and cooling availability.
Address:
Genesis Mining Ltd. Chinachem Century Tower, 31/F, 178 Gloucester Road, Wanchai, Hong Kong
Services Provided
Before August 2014, Genesis Mining was only running mining rigs for earning altcoins, which were then subsequently converted into bitcoins. However due to the high demand on the market, for more than 2 years now they are providing direct bitcoin cloud mining services as well, ensuring the latest technology is used for bitcoin mining on their farms too.
The offered list of altcoins changes time to time based on coin’s popularity. Genesis Mining uses polls on Facebook to decide which altcoins should be preferred and added to their basket. They also let the users to decide which altcoins to mine from their purchased hashpower that can be easily allocated through their interface.
Genesis Mining offers three types of algorithm for mining cryptocurrencies: SHA256, Srypt, X11, Cryptonight 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.
Users can sign up to Genesis Mining cloud mining services just by providing an email and a password. After signing in, clients may add payout methods and purchase hashpowers right away. Genesis Minings enables two factor authentication to increase the security of their accounts.
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.
Would you like to start mining with Genesis Mining and get a 3% discount on each contract?
Genesis Mining discounts (Promo Code)
Fees and Pricing Schedule
* open-ended Bitcoin mining contract
* 2 Year Ethereum mining contract
* 2 Year Litecoin mining contract
* 2 Year Monero mining contract
Would you like to start mining with Genesis Mining and get a 3% discount on each contract?
Genesis Mining discounts (Promo Code)
Do you need more Information about RoI on Genesis Mining? www.genesis-promo-code.com