I’m doing a feature on each of the cloud mining companies in which I have personally invested. Genesis Mining has been around the longest so we might as well start there.
Created in 2013 (a dinosaur in the crypto world, ha!), Genesis Mining has a registered address in Reykjavik, Iceland. They have several mining farms there (large data centers with rows and rows of servers and machines), which they prominently display videos of on their website. There are over 500,000 registered users on their site making them #1 in the industry. “Now hiring” signs are currently on their homepage as the explosive popularity in mining has led to more and more people buying contracts.
They have pricing plans that range from as little as $29.99 for a 2 year contract all the way up to $2799.
One nice advantage to all of the cloud mining companies I use is that the barrier to entry is quite low. You can get started in a matter of minutes for as cheap as $30.
Obviously the more hash power you purchase the more you have to spend. That also means that your daily payouts will be higher as well. Convenience is something in which they also excel as credit cards (Visa and Mastercard) can also be used with no additional fee to purchase mining contracts.
Genesis has no daily maintenance fee, but their payout rates are also slightly lower than other companies. The exception to this is the open ended contract using SHA256 for Bitcoin. While they offer promo codes with discounts to new users theirs are lower than other companies. I suppose that’s the advantage of being the big boy on the block(chain)!
The company is widely viewed as the most trusted and stable mining organization around. They also offer the opportunity to mine more altcoins (any currency that’s NOT Bitcoin) as they currently offer a whopping 17 cryptocurrencies to choose from. If you would like advice as to which currencies would be best for you, please don’t hesitate to email me.
If you would like to dip your toes in the water, feel free to use my promo code to receive 3% off any contract you purchase. Click this link genesis-mining.com when paying and enter promo code xyQioz to receive your discount.
I am not associated with Genesis Mining or any other mining company. Remember that any investment involves risk and you should research it before purchasing.