website launched in February 2014,
and have been promoting their service ever since.
Their team is composed of CEO Marco Streng, CTO
Stefan Schindler, CFO Marco Krohn, and Head of
Sales Jakov Dolic. Although most of their team
is from Munich, Genesis Mining is officially based
in Bermuda, and has mining operations in Iceland,
Asia and America. They have attended a number
of key global Bitcoin conferences, and their team
has given talks and exhibited at the Inside Bitcoins
conference series in Amsterdam, Las Vegas, Tel
Aviv and Paris. They have continued to promote
transparency, and are one of the most publicly
visible companies in the world.
is a company thats been
offering cloud mining contracts since May 2014.
They have low fee of $0.14 per kh/s. That’s it;
mining power is then readily available for you
to mine. They also offer three contracts, Gold,
Platinum and Diamond.
GOLD package mining lifetime contract is a 50
GH/s, costs $24.49. This is a great starter package
for people new to cryptocurrency, or people that
don’t want to mess with complicated mining reads.
PLATINUM package is a 1000 GH/s lifetime contract
DIAMOND package Genesis Mining describes as “Max
Profit”. This lifetime contract gives you 15000
GH/s at a price of $6750. This offers the best
hash to dollar ratio in the most hash power of
You are able to mine Bitcoin and additional various
altcoins. For scrypt they offer: Bitcoin, Litecoin,
Dogecoin, Darkcoin, Reddcoin, Blackcoin, Feathercoin,
Auroracoin, Lottocoin, Megacoin, Novacoin, Potcoin,
Viacoin, Dnotes and Worldcoin.
For sha256 they offer: Bitcoin, Unobtanium, Bitcoin
Dark, Litecoin and Darkcoin.
allows you to mine different types
of coins at the same time. You decide which coins
you prefer and you can allocate hashpower accordingly.
Then get it automatically exchanged into Bitcoin
which is then sent to your wallet daily.
offers a 2.5% signup bonus if
you sign up with another customers referral
code. Basically, by using the referral link and
code (pjT6sq), new customers receive a 2.5% discount
on their contracts. The referrer receives a 2.5%
bonus of the purchased mining power for a year,
so its really a win-win situation. You can
sign up with my referral bonus below, which will
hook us both up with an extra 2.5%. Overall, Genesis
Mining offers a solid referral bonus.
provides daily payouts of all
mined coins! A mining day usually starts at 00:00
UTC and ends at 23:59:59 UTC. If you just bought
a contract the start time could be different and
you will only mine for a fraction of that day.
Otherwise your miners will mine for you 24 hours
and exactly act according to your settings (see
At the end of the mining day the company will
do some additional calculations and double-checking
to ensure everything is correct. About 8 hours
later (max. 24 hours) you will receive
payouts for each coin you have mined. Please
ensure that you provide a payout address for
each coin you mine, otherwise they cannot make
There are a number of reasons that Genesis
is ranked as the #1 cloud mining
company. They are a company you can trust, they
offer lifetime contracts, and their maintenance
fees are very reasonable. Their dashboard interface
is simple and intuitive. The only downside here
is the price of their mining contracts; they
sell contracts at a premium to their competitors.
Then again, that price is mostly offset by their
reasonable maintenance fees. To top it off,
Genesis Mining offers a decent referral bonus
that also pays out as a signup bonus.
If you have questions, write
, or leave a message in the comment
section below. The article above is not a business
proposal, I just share my thoughts and experiences
You should only risk money you will not mind losing
or do not threaten your subsistence. Trading by
the financial or stock market contains significant
risk, you should consult with an investment advisor
before starting it.