Genesis Mining

Genesis Mining Review

4.7

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Genesis Mining Overview

Supported Coins
Payment solutions
  • Bitcoin
  • VISA
  • Master Card
  • Ethereum
Equipment Market
No
Working since
2013
Company Location
Reykjavik, Iceland
Availability
Pending

Bitcoin (SHA-256)

Mining Currency
Bitcoin
per 1000 GH/s
$179.00
Predictable profit
Out of stock
Mining algoritm
SHA-256
Min. mining power
1000 GH/s
Maintenance fee
0.00028 per GH/s per day
Daily ROI
No data
Days to ROI
No data
No deposit
Investment
No data
Mining Power
No data
TOTAL REVENUE
No data

Ethereum (ETHASH)

Mining Currency
Ethereum
per 200 GH/s
$10.00
Predictable profit
Out of stock
Mining algoritm
Ethash
Min. mining power
200 GH/s
Maintenance fee
No
Daily ROI
No data
Days to ROI
No data
No deposit
Investment
No data
Mining Power
No data
TOTAL REVENUE
No data

Litecoin (SCRYPT)

Mining Currency
Litecoin
per 2 MH/s
$28.00
Predictable profit
149%/year
Mining algoritm
Scrypt
Min. mining power
2 MH/s
Maintenance fee
No
Daily ROI
0.395%
Days to ROI
253
Test contract with Genesis Mining and payment for 1 year
Investment
$55.65
Mining Power
4 MH/s
TOTAL REVENUE
$82.92

Dash (X11)

Mining Currency
Dash
per 5 MH/s
$30.00
Predictable profit
Out of stock
Mining algoritm
X11
Min. mining power
5 MH/s
Maintenance fee
No
Daily ROI
No data
Days to ROI
No data
Test contract with HashFlare and payment for 1 year
Investment
$60
Mining Power
10 MH/s
TOTAL REVENUE
No

Monero (CryptoNight)

Mining Currency
Monero
per 1000 H/s
$830.00
Predictable profit
No data
Mining algoritm
CryptoNight
Min. mining power
1000 H/s
Maintenance fee
No
Daily ROI
No data
Days to ROI
No data
No deposit
Investment
No data
Mining Power
No data
TOTAL REVENUE
No data

Reviews about Genesis Mining (3)

Mr_Addison
5

Awesome mining website, I highly recommend! I work with GM for 5 month and have already got four payouts. It’s about 65% of my investments. If everything will be ok I expect the revenue in 2-3 month. Will see!

Dennis_01
5

I don't invite anyone, but I’ve found the best company for myself. It’s not a service to try with scanty investment, but it really allows you to earn.

Jack Carrol
4

The service is rather simple, it's easy to deal with it. But sometimes all the contracts are out of stock

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Genesis Mining: Prices, Profitability, Pros and Cons

Genesis Mining is the one of the fewest cloud mining services available on the online. Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Cloud Mining is hassle-free and requires no pro-knowledge about mining.

Genesis Mining provides a facility of buying their packages to earn a percentage of their total production. It operates from undisclosed region and tends to provide a reliable Cloud Mining features to users. Starting from Bitcoin, it also covers Ethereum, Dash, Litecoin, Monero, Zcash and few other altcoins mining. X11 and SHA-256 algorithm is used behind the mining process.

Anyone can choice their package from 3 prefixed pricing available on their service. More flexibly, there is a custom package configuration. The outcome depends on your hashpower and investment. The payment is made automatically to your desired wallet. Founded in 2013, it is most transparent Cloud Mining and not a scam so far.

How Genesis Mining Works

Mining in cryptocurrency means the process or industry of extracting electronic-currency from its network. Beginning miner needs a robust computer where more money is poured onto its CPU and GPU. The more you spend on upgrading the hardware the better the result of getting cryptocurrency.

Many people find GPU and CPU are overpriced. Luckily, technology always has an answer for every problem related to tech. You can buy shared cryptocurrency mine-able computers over online. With no vast knowledge about configuring a PC nor the method of setting up complex software and hardware, you can still make money from mining by Genesis cloud mining. Instead of bringing noisy and complex hardware to your home you can simply lease their machine.

Genesis Mining handles a large scale of GPUs and CPUs and extracts the cryptocurrency from its block. It acts a company which relies on users investments. Genesis Mining owns their own facilities around the world and runs those infrustructures by the money gained from users shares. As people buy their service, so do they gain money to upgrade their machines. Genesis Mining investing is a proven method of earning through Cryptocurrency platform.

The company have hired professionals in Cryptocurrency management field to make sure their service runs all time. Any disruption or damage of their service won’t cause a user to loss his/her assets. The process of Genesis mining at user-side is simple, one just need to sign up and make purchase of the right package. The client-side handles the most complex part where the Cryptocurrency is mined. Anyone with basic internet knowledge can earn money through Genesis Mining.

Available Currencies

Genesis Mining offers several altcoins to be mined in their system. The majors are Bitcoin, Ethereum, Dash, Litecoin, Monero, and Zcash. More altcoins are expected to be available on Genesis Mining in future. The service usually take a survey on Facebook to implant new altcoin in their platform.

Genesis Mining Pricing

Genesis Mining offers three different types of packages for mining. Each package price differs from others and hashpowers are also vary. Genesis Mining package price is based on USD and the payment can be made through credit card or cryptocurrency. Every cryptocurrency comes with 3 fixed packages and 1 custom package. Maintenance fee is applied for SHA-256 algorithm based cryptocurrency while X11 algorithm based Cryptocurrency doesn’t include that.

As of today the price and packages are detailed below. Each Genesis contract comes with a 2 years of service. Genesis Mining fee contains maintenance, server and transaction fee.

Cryptocurrency Mining Profitability

The Genesis Mining profitability isn’t constant and varies each day. To get up do date profitability example you need to research. Genesis Mining profit are calculated from the value of each Cryptocurrency. The following scenes act as a Genesis Mining calculator.

Example 1

SHA-256: You can expect payouts of 0.37mBTC per 1TH/s per day and a cost of 0.25 BTC per 1TH/s so expect to break-even after approximately 670 days.

X11: You can expect payouts of 0.027mBTC per 1MH/s per day and a cost of 13.6mBTC per 1MH/s therefore expect to break-even after approximately 500 days.

Example 2

Profitability of a $30 investment in each of Genesis Mining’s contracts:

Bitcoin mining

Gold

$179

1,000 GH/s

Open-Ended Bitcoin Mining

Maintenance fee applies

Platinum

$845

5,000 GH/s

Open-Ended Bitcoin Mining

Maintenance fee applies

Diamond

$3,975

25,000 GH/s

Open-Ended Bitcoin Mining

Maintenance fee applies

Dash mining

Gemini

$30

5 MH/s

2 Year Dash mining contract

No maintenance fee

Ferox

$500

100 MH/s

2 Year Dash mining contract

No maintenance fee

Graviton

$2,250

500 MH/s

2 Year Dash mining contract

No maintenance fee

Ethereum mining

Small

$1,520

40 MH/s

2 Year Dash mining contract

No maintenance fee

Medium

$4,440

120 MH/s

2 Year Dash mining contract

No maintenance fee

Large

$12,960

360 MH/s

2 Year Dash mining contract

No maintenance fee

Litecoin mining

Gold

$28

2 MH/s

Litecoin mining 2 Year contract

No maintenance fee

Platinum

$650

50 MH/s

Litecoin mining 2 Year contract

No maintenance fee

Diamond

$2,400

200 MH/s

Litecoin mining 2 Year contract

No maintenance fee

Monero mining

Blaine

$830

1000 H/s

Monero mining 2 Year contract

No maintenance fee

Dynamo

$2,460

3000 H/s

Monero mining 2 Year contract

No maintenance fee

Houdini

$7,200

9000 H/s

Monero mining 2 Year contract

No maintenance fee

Zcash mining

Starter

$530

200 H/s

Zcash mining 2 Year contract

No maintenance fee

Advanced

$2,600

1000 H/s

Zcash mining 2 Year contract

No maintenance fee

Professional

$7,650

3000 H/s

Zcash mining 2 Year contract

No maintenance fee

Bitcoin(when price was $15,650)

168 GH/s, Open-Ended

Optimistic:$1.92 per week, $200 after 2 years

Skeptical:$0.68 per week, $71 after 2 years

Dash(when price was $700)

5 MH/s, 2 year contract

Optimistic:$0.01 per week, $1 after 2 years

Skeptical:$0.00 per week, $0 after 2 years

Ethereum(when price was $455)

1 MH/s, 2 year contract

Optimistic:$0.42 per week, $44 after 2 years

Skeptical:$0.17 per week, $18 after 2 years

Litecoin(when price was $150)

4 MH/s, 2 year contract

Optimistic:$0.31 per week, $32 after 2 years

Skeptical:$0.16 per week, $17 after 2 years

Monero(when price was $240)

36 H/s, 2 year contract

Optimistic:$0.59 per week, $62 after 2 years

Skeptical:$0.25 per week, $26 after 2 years

ZCash(when price was $310)

16 H/s, 2 year contract

Optimistic:$0.56 per week, $58 after 2 years

Skeptical:$0.23 per week, $24 after 2 years

Buying And Payment

You can buy hashpower through multiple purchasing options. The purchasing option includes Credit Card, Bitcoin, Bitcoin Cash, Litecoin, Dash, and Dogecoin. The Credit Card option is only available for USD.

Genesis mining payout time sets to each day, meaning everyday’s mined assets are delivered regularly. When one’s profile mines a minimum amount of Cryptocurrency, the mined assets will be sent to the desired wallet instantly.

According to Genesis Mining website, the current minimum payout rates are

  • BTC 0.005 (500 000 satoshi)
  • DASH 0.001
  • ETH 0.075
  • LTC 0.002
  • XMR 0.4
  • ZEC 0.001

Pros And Cons Of Genesis Mining

Pros:

  • Mining farms are spread across various locations for security reasons.
  • Custom mining plans are available.
  • Autotrader option allows you to automate the mining process.

Cons:

  • Maintenance fee on the SHA256 contracts.
  • X11 and Ethereum contracts doesn’t have a lifetime access, but valid for 2 years only.
  • Credit card purchases are charged with a fee.

Cryptocurrencies open the door of new methods of gaining money. Most altcoins are not tied to any country or region nor it is isolated. Everybody can start the mining career from all over the world even without leaving home. Take care of your investments and pay attention on the service you choose to start your mining way.